ISLAND TERRACE CONDO

5 Island Ave, Miami Beach FL 33139

1 beds · 1.5 baths · 950 ft²

Closed

$3,500

Est. Payment $19/mo

MLS Sheet Video

1

Bedrooms

1.5

Bathrooms

950

Sq. Ft.

1967

Year Built

1

Garage

16

Stories

50

Days on Market

Description

Spacious 1-bedroom, 1.5-bath residence on lanai level, featuring an updated kitchen and bathrooms, along with hurricane-impact glass for complete privacy. The unit includes 1 covered parking spot and a storage unit. Building amenities offer a bayside pool and fitness center. ideally located on Belle Isle near The Standard Spa, with easy access to Sunset Harbour, and the beach- all within walking distance.

Facts

MLS#
A12060994
Subdivision
ISLAND TERRACE CONDO
Property Type
Residential Lease
Property Sub Type
Condominium
Year Built
1967
Lot Size
0 sqft
Sq. Ft.
950 ft²
Sq. Mt.
88 m²
Price per sq. ft.
$4/ft²
Price per sq. mt.
$40/m²
Stories
16
Garage
1 spaces
Pool
—
Days on Market
50 days
Listed
Jul 28, 2026
Last Updated
Oct 1, 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

October 2026

100/100
Buyers marketSellers market

69

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).

10/1/2026Sold$3,500
7/28/2026Listed for sale$3,500

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, Miami Beach FL 33139Directions

Affordability

What you'd typically need to qualify for this rental under the standard 30% rule.

$11,667

gross income / month to qualify

Monthly rent$3,500
Required annual income$140,000
Security deposit (est.)$3,500
Move-in cost (1st + last + security)$10,500

Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.

Updated 7 hours ago

Similar listings nearby

More homes in Miami Beach around $3,500.

Call NowWhatsApp