ISLAND TERRACE CONDO

5 Island Ave # 2F, Miami Beach FL 33139

1 beds · 1.5 baths · 950 ft²

For Sale · Active Listing

$489,000

2.20%

Est. Payment $2,603/mo

MLS Sheet Video

1

Bedrooms

1.5

Bathrooms

950

Sq. Ft.

1967

Year Built

1

Garage

16

Stories

36

Days on Market

Description

Experience elevated Miami living in this fully remodeled residence on prestigious Belle Isle, offering breathtaking bay and downtown skyline views. This immaculate 1-bedroom, 1 full bath + 1 half bath home blends modern elegance with effortless coastal living. Featuring an open-concept layout with high ceilings and abundant natural light, the residence showcases sophisticated finishes, warm wood flooring, and a bright, airy ambiance throughout. The designer kitchen is thoughtfully appointed with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into the living and dining spaces—perfect for both everyday living and entertaining. Located in an iconic Morris Lapidus building on the sought-after Venetian Islands, residents enjoy resort-style amenities including 24/7 front desk service, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, top dining, boutique shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Whether as a primary residence, vacation retreat, or investment opportunity, this turnkey residence offers luxury, convenience, and the best of Miami living. Water, cable, and internet.

Facts

MLS#
A12025234
Subdivision
ISLAND TERRACE CONDO
Property Type
Residential
Property Sub Type
Condominium
Year Built
1967
Lot Size
0 sqft
Sq. Ft.
950 ft²
Sq. Mt.
88 m²
Price per sq. ft.
$515/ft²
Price per sq. mt.
$5,557/m²
Stories
16
Garage
1 spaces
Pool
Days on Market
36 days
Listed
May 27, 2026
Last Updated
Jul 2, 2026
Price/Lot Sq.Ft.

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

August 2026

100/100
Buyers marketSellers market

41

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

7/2/2026Price change$489,000-2.2%
5/27/2026Listed for sale$499,995

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

5 Island Ave # 2F, Miami Beach FL 33139Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$3,160/mo

Principal & Interest

$2,603

Property Tax

$408

Insurance

$150

HOA

$0

20% ($97,800)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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