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$525,000
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Property Description
With spectacular water views and 950 square feet of living space, unit 12B is a large one bedroom, one bath featuring a recently updated kitchen, beautiful flooring, and an immense amount of natural light. Location is also key, as you'll be walking distance to the finest Miami Beach restaurants, Fresh Market, Trader Joe's and more. Plus, you're minutes away from the beach, Downtown Miami, the Design District and Wynwood. The building, designed by famous architect Morris Lapidus and situated across from the world renowned Standard Spa, includes a waterfront pool deck, fitness center, 24h doorman & laundry facility on the 12th floor. The perfect Miami Beach condo does exist!
Full Property Details
Full Property Details for 5 Island Ave #12B
General
- Price: $525,000
- HOA FEE: $1,558/month
- Taxes: $8,115 (2024)
- Status: Active
- Type: Condo
- Source: Regional
- MLS ID: F10527281
- Updated: 2/19/2026
- Added to Site: 174 day(s) ago
Interior
- Interior Features: Other, Bar
- Fireplace: Yes
- Appliances: Dishwasher, Gas Range, Microwave, Oven, Refrigerator, Water Softener, Water Heater, Water Purifier
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Additional Information
- Shared Amenities: Pool
- Pool: Yes
- Pool Description: Association
- Security/Safety: Lobby Secured, Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Outdoor Living Area
- Porch/Patio/Deck: Open, Porch, Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
Location
- County: Miami-Dade
- Subdivision: Island Terrace
Community
- Community Name: 2320
- Association: Yes
- Assoc. Fees Include: Trash
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: None
Structural Information
- Architectural Style: Other
- Construction: Block
- Stories/Levels: 16
- Square Feet: 950
- Living Area: 950 Sq. Ft.
- Year Built: 1967
- Property Condition: Resale
Lot Features
- Property View: Bay
- Land Lease Avail: Yes
Water Features
- Water View: Yes
- Water Front Desc.: Bayfront, None
- Water Front View: Bayfront, None
Financial Considerations
- Association Fee: $1,558
- Assoc Fee Freq.: Monthly
- Tax Amount: $8,115
- Tax Year: 2024
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Legal Description: ISLAND TERRACE CONDO UNIT 12-B UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R- 239278 OR 16150-2550 1193 5 COC 24707-2885 06 2006 1
- Property ID: 02-32-33-044-1010
Listed by DeBianchi Real Estate, LLC
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Schools
Schools serving 5 Island Ave #12B
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
North Beach Elementary School 4100 Prairie Avenue, Miami Beach, FL 33140 | PK-5 | 2 mi |
Nautilus Middle School 4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 1.9 mi |
Miami Beach Senior High School 2231 Prairie Avenue, Miami Beach, FL 33139 | 9-12 | 1.2 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 #12B
Date
Details
Price
Change
Source
9/19/2025
Listed
$525,000
34.62%
MLS
10/25/2021
Sold
$390,000
—
Public Record
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
Tax History for 5 Island Ave #12B
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,860
6%
$500,009
—
2024
$8,366
10%
$500,009
12%
2023
$7,598
32%
$446,437
50%
2021
$5,766
-11%
$298,620
-13%
2022
$6,452
12%
$343,413
21%
2021
$5,766
-2%
$284,400
-6%
2019
$5,889
4%
$303,900
2%
2018
$5,653
7%
$297,782
2%
2017
$5,298
5%
$291,161
18%
2016
$5,048
6%
$246,101
10%
2015
$4,779
15%
$223,729
10%
2014
$4,162
11%
$203,390
10%
2013
$3,760
—
$184,900
—
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
Estimate the Cost for 5 Island Ave #12B
5 Island Avenue #12B, Miami Beach, FL 33139 (MLS# F10527281) is a Condo property with 1 bedroom and 1 full bathroom. 5 Island Avenue #12B is currently listed for $525,000 and was received on September 19, 2025. Want to learn more about 5 Island Avenue #12B? 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.

