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$525,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 950 Sq. Ft.
  • Updated 4 days ago
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Wonderful large 1bed/1.5bath at Island Terrace on Belle Isle - a great place to call home! Sunny and spacious with impact windows, stainless appliances, plenty of closets, extra storage unit and a nice size balcony for dining al fresco. Views to the north of the bay, plus downtown skyline views from the balcony. Fantastic South Beach location with a wonderful park in front of the building, the Standard Hotel and Spa across the street and a few blocks to all the shops and restaurants at Sunset Harbour and Lincoln Rd. Classis Morris Lapidus bldg offering 24 hour front desk service, a beautiful bay front pool with a separate lounging area, gym, kayak launch, bike storage, onsite management, assigned parking. Excellent opportunity! Chandelier and sconces excluded.

Full Property Details for 5 Island Ave #8B

General

  • Price: $525,000
  • HOA FEE: $1,446/month
  • Taxes: $3,380 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11943735
  • Updated: 1/13/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Interior Hall, Other, Storage, Utility Room/Laundry
  • Appliances: Dishwasher, Ice Maker, Microwave, Electric Range, Refrigerator
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Primary Bathroom: Shower Only

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level

Other Rooms

  • Living Room: Storage Room, Utility Room Sq. Ft.
  • Dining Room: Dining/Living Room
  • Laundry: Utility Room/Laundry, Common Area

Additional Information

  • Shared Amenities: Bike Storage, Laundry, Community Room, Exercise Room, Exterior Lighting, Storage, Heated Pool, Private Pool, Trash Chute, Vehicle Wash Area
  • Maint. Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Elevator, Insurance, Landscaping/Lawn Maintenance, Laundry Facilities, Manager, Outside Maintenance, Pest Control Interior, Pool Service, Reserve Fund, Water
  • Security/Safety: Curr Owner Wind Mit, Doorman, Card Entry, Fire Alarm, Lobby Secured, TV Camera

Exterior

  • Exterior Features: East Of Us1, Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space, Assigned, No Rv/Boats

Location

  • Area: Belle Isle
  • County: Miami-Dade County
  • Subdivision: BELLE ISLE
  • Building Name: ISLAND TERRACE CONDO
  • Direction Faces: North

School Information

  • Elementary School: North Beach
  • Middle School: Nautilus
  • High School: Miami Beach

Community

  • Community Name: Belle Isle
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric
  • Heating Type: Electric

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Windows: Complete Impact Glass, Blinds, High Impact Windows, Sliding
  • Doors: High Impact Doors
  • Entry Floor Number: 8
  • Building Size: 950
  • Square Feet: 950
  • Living Area: 950 Sq. Ft.
  • Year Built: 1967

Lot Features

  • Property View: Bay, Intracoastal View
  • Frontage: Bay

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Intracoastal Front

Financial Considerations

  • Price Per Sq. Ft.: $552.63
  • Association Fee: $1,446
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $3,380
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: ISLAND TERRACE CONDO UNIT 8-B UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 11517-2232 0782 1 OR 21333-4502 06 2003 1 COC 25
  • Restrictions: No Lease-1st Year Owned, Renting Limited
  • Inclusions: None
  • Property ID: 02-32-33-044-0610

Listed by Brown Harris Stevens

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Listing agents

— 5 Island Ave #8B —

  • Brown Harris Stevens

  • Brown Harris Stevens

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5 Island Ave #8B

School District:Dade County School District
NameGradesDistance
North Beach Elementary School
4100 Prairie Avenue, Miami Beach, FL 33140
PK-52 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-81.9 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5 Island Ave #8B Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/13/2026
Listed
$525,000
118.75%
MLS
9/10/2012
Sold
$240,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5 Island Ave #8B

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,413
3%
$222,867
3%
2023
$3,311
5%
$216,376
6%
2021
$3,148
-1%
$203,956
-3%
2022
$3,172
1%
$210,074
4%
2021
$3,148
4%
$201,141
2%
2019
$3,020
6%
$196,619
2%
2018
$2,856
1%
$192,953
2%
2017
$2,822
1%
$188,985
2%
2016
$2,807
-1%
$185,098
1%
2015
$2,841
-2%
$183,812
1%
2014
$2,888
2%
$182,354
1%
2013
$2,836
—
$179,660
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5 Island Ave #8B

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Brown Harris Stevens

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5 Island Ave #8B, Miami Beach, FL 33139 (MLS# A11943735) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 5 Island Ave #8B is currently listed for $525,000 and was received on January 13, 2026. Want to learn more about 5 Island Ave #8B? Do you have questions about finding other Condo real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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