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5 Island Ave #LF

Miami Beach, FL 33139

$464,000 $1,956/Mo

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Overview

Bed

Bath

950

Sqft

Description

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.

Property Details

Property Type : Residential

Price : $464,000

AD Id : 77564652

MLS Id : A11994765

Beds : 1

Living Area Size : 950

Year Built : 1967

Garage : 1

County : Miami-Dade

Subdivision: Island Terrace Condo

Map

Features

Bedroom Information

Total beds: 1

Bathroom Information

Total Baths: 2 Full Baths: 1 Half Baths: 1

Flooring Information

Tile, Vinyl
Interior Features

BedroomOnMainLevel, FirstFloorEntry, MainLevelPrimary, Bar, WalkInClosets

Appliances: Dishwasher, ElectricRange, Refrigerator, SelfCleaningOven

Laundry Features: CommonArea

Window Features: ImpactGlass, Sliding
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir Water front: 1

Building Information

Year Built: 1967

Building Area Total: 950

Construction Materials: Block

Patio And Porch Features: Balcony, Open

Pool Features: Association

Private Pool: No

Water front Features: Bayfront

View: Other

Association Fee Frequency: Monthly
Exterior Features

Exterior Features: Balcony, SecurityHighImpactDoors

Listing Price Information

Listing Price: $464000

Cash, Conventional

Tax Information

Parcel Number: 02-32-33-044-0030 Tax Year: 2025 Annual Tax: $6309 Tax Legal Desc: ISLAND TERRACE CONDO UNIT L-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 16065-0315 0993 1

Virtual Tour

Virtual Tour (External Link)

Parking Information

Assigned, OneSpace

Garage Information

Has Garage: Yes Garage Space: 1 Pets Allowed: Conditional, Yes

Homeowners Association Information

Included Fees: AssociationManagement, Amenities, CommonAreas, CableTv, Laundry, MaintenanceGrounds, MaintenanceStructure, PestControl, Pools, ReserveFund, Sewer, Trash, Water

HOA: $1,425.00

Association Amenities: BikeStorage, Clubhouse, FitnessCenter, Laundry, Pool, Elevators

School Information

Elementary School: North Beach Junior High School: Nautilus Senior High School: Miami Beach
Location Information

Direction: Island Terrace at 5 Island Avenue - across from the Standard Hotel & Spa. Security Features: ClosedCircuitCameras,DoorMan,LobbySecured

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Nearby Home Value

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1000 Michigan Ave #704, Miami Beach, FL, 33139	$375,000	1	2	823	823 SqFt
1331 Lincoln Rd #702, Miami Beach, FL, 33139	$440,000	2	2	820	820 SqFt

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ByOwner last updated this listing 06/06/2026 @ 10:29

MLS: A11994765 LISTED BY: Marine Rivierre, One Sotheby's International Realty 305-503-5275 SOURCE: SEFMIAMI