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$499,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 950 Sq. Ft.
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Rare first-floor residence on the exclusive Venetian Islands-one of only three ground-level residences in the building! This spacious 1BR/1.5BA, 950 SF home feels private and serene, with no need for an elevator. Features include marble floors, a large custom walk-in closet, updated kitchen and baths, and hurricane-impact glass offering total peace and quiet. The building, set directly on the bay, showcases a modern lobby, waterfront pool, and a fully equipped fitness center. Includes a covered parking space and storage unit. Peaceful island living in the heart of Miami Beach, with a park and the iconic The Standard hotel across the street. Furniture included in sale (optional). A rare offering combining privacy, luxury, and prime location.

Full Property Details for 5 Island Ave #LE

General

  • Price: $499,000
  • HOA FEE: $1,446/month
  • Taxes: $2,581 (2024)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11901357
  • Updated: 12/20/2025
  • Added to Site: 86 day(s) ago

Interior

  • Interior Features: First Floor Entry, Closet Cabinetry, Pantry, Walk-In Closet(s), Storage, Utility Room/Laundry
  • Appliances: Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Self-Cleaning Oven
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Marble

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

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

Additional Information

  • Shared Amenities: Elevator(s), Exercise Room, Storage, Pool
  • Maint. Includes: All Amenities, Building Exterior, Common Area, Elevator, Hot Water, Insurance, Landscaping/Lawn Maintenance, Outside Maintenance, Parking, Pool Service, Reserve Fund, Roof Repairs, Security, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Doorman, Guard At Site, Lobby Secured

Parking

  • Parking Features: 1 Space, Assigned, Covered, Limited # Of Vehicle

Location

  • Area: Island Terrace Condo
  • County: Miami-Dade County
  • Subdivision: ISLAND TERRACE CONDO
  • Building Name: Island Terrace

School Information

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

Community

  • Community Name: Island Terrace Condo
  • Association: Yes
  • Units Assoc/Comm: 139
  • Pets Allowed: Yes

Heating & Cooling

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

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Windows: Complete Impact Glass, Blinds
  • Doors: High Impact Doors
  • Entry Floor Number: 1
  • Building Size: 950
  • Square Feet: 950
  • Living Area: 950 Sq. Ft.
  • Year Built: 1967

Unit Information

  • Units in Complex: 139

Lot Features

  • Property View: Pool Area View, None
  • Frontage: Bay

Water Features

  • Water Front: Yes
  • Water Front Desc.: Seawall

Financial Considerations

  • Price Per Sq. Ft.: $525.26
  • Association Fee: $1,446
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $2,581
  • Tax Year: 2024
  • Terms: All Cash, Conventional, VA Loan

Disclosures and Reports

  • Legal Description: ISLAND TERRACE CONDO UNIT L-E UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R 239278 OR 18051-3491 0398 5 COC 22974-1990 12 2004 1
  • Restrictions: Renting Limited
  • Inclusions: None
  • Property ID: 02-32-33-044-0020

Listed by Elite Miami Realty, LLC

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Listing agent

— 5 Island Ave #LE —

  • Elite Miami Realty, LLC

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 #LE

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 #LE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/23/2025
Listed
$499,000
206.13%
MLS
1/10/2011
Sold
$163,000
—
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 #LE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,581
3%
$178,553
3%
2023
$2,498
6%
$173,353
6%
2021
$2,365
-1%
$163,402
-3%
2022
$2,388
1%
$168,304
4%
2021
$2,365
5%
$161,146
2%
2019
$2,262
6%
$157,523
2%
2018
$2,135
1%
$154,586
2%
2017
$2,106
1%
$151,407
2%
2016
$2,092
-1%
$148,293
1%
2015
$2,117
-2%
$147,263
1%
2014
$2,152
2%
$146,095
1%
2013
$2,110
—
$143,936
—
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.

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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

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Listed by Elite Miami Realty, LLC

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5 Island Ave #LE, Miami Beach, FL 33139 (MLS# A11901357) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 5 Island Ave #LE is currently listed for $499,000 and was received on October 23, 2025. Want to learn more about 5 Island Ave #LE? 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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