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$464,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 950 Sq. Ft.
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Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed. Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom. Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly. A Venetian Island gem, with great walkability, just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks from Trader Joe's, Fresh Market, Publix, Whole Foods, Sunset Harbour shops and restaurants, and Lincoln Road! Includes 1 assigned parking space and hurricane-impact windows. An ideal second home or primary residence combining location, comfort, and lifestyle.

Full Property Details for 5 Island Ave #LF

General

  • Price: $464,000
  • HOA FEE: $1,425/month
  • Taxes: $6,309 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11994765
  • Updated: 4/17/2026
  • Added to Site: 45 day(s) ago

Interior

  • Interior Features: First Floor Entry, Bar, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Range, Refrigerator, Self-Cleaning Oven
  • Flooring: Tile, Vinyl

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level, Primary Bath Shower, Primary Bedroom Ground Level

Other Rooms

  • Laundry: Common Area

Additional Information

  • Shared Amenities: Bike Storage, Laundry, Community Room, Elevator(s), Exercise Room, Pool
  • Maint. Includes: All Amenities, Cable Tv, Common Area, Elevator, Landscaping/Lawn Maintenance, Laundry Facilities, Manager, Outside Maintenance, Pest Control Interior, Pool Service, Reserve Fund, Sewer, Trash Removal, Water
  • Security/Safety: Doorman, Lobby Secured, TV Camera

Exterior

  • Exterior Features: Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space, Assigned

Location

  • Area: Island Terrace Condo
  • County: Miami-Dade County
  • Subdivision: ISLAND TERRACE CONDO
  • Building Name: ISLAND TERRACE CONDO
  • Driving Directions: Island Terrace at 5 Island Avenue - across from the Standard Hotel & Spa.

School Information

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

Community

  • Community Name: Island Terrace Condo
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

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

Structural Information

  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Windows: High Impact Windows, Sliding
  • Entry Floor Number: 1
  • Building Size: 950
  • Square Feet: 950
  • Living Area: 950 Sq. Ft.
  • Year Built: 1967
  • Property Condition: Updated/Remodeled

Lot Features

  • Property View: Other View
  • Frontage: Bay

Water Features

  • Water Front: Yes

Financial Considerations

  • Price Per Sq. Ft.: $488.42
  • Association Fee: $1,425
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $6,309
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: ISLAND TERRACE CONDO UNIT L-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 16065-0315 0993 1
  • Restrictions: Renting Limited, See Broker Remarks
  • Inclusions: None
  • Property ID: 02-32-33-044-0030

Listed by One Sotheby's International Realty

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Listing agents

— 5 Island Ave #LF —

  • One Sotheby's International Realty

  • One Sotheby's International Realty

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5 Island Ave #LF

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

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

Date
Details
Price
Change
Source
4/17/2026
Listed
$464,000
14.57%
MLS
2/26/2018
Sold
$405,000
—
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 #LF

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,200
6%
$475,748
—
2024
$7,751
10%
$475,748
12%
2023
$7,039
28%
$424,775
50%
2021
$5,486
-8%
$284,130
-13%
2022
$5,966
9%
$326,750
21%
2021
$5,486
-5%
$270,600
-9%
2019
$5,750
2%
$296,700
—
2018
$5,636
7%
$298,024
3%
2017
$5,281
7%
$288,301
17%
2016
$4,954
4%
$246,301
10%
2015
$4,783
15%
$223,910
10%
2014
$4,165
11%
$203,555
10%
2013
$3,763
—
$185,050
—
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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5 Island Ave #LF, Miami Beach, FL 33139 (MLS# A11994765) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 5 Island Ave #LF is currently listed for $464,000 and was received on April 17, 2026. Want to learn more about 5 Island Ave #LF? 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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