5 Island Ave LE Miami Beach, FL $ 499,000
5 Island Ave LE
$ 499,000
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5 Island Ave LE

Miami Beach, FL, 33139
$ 499,000
Bedrooms1 Baths1.1 Sq 950

Monthly Estimate*

$ 3,113

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Condo for sale in Miami Beach, FL

for $499,000 with 1 bedroom and 1 full bath, 1 half bath. This 950 square foot condo was built in 1967.

Rare first-floor residence on the exclusive Venetian Islands—one of only three ground-level residences in the building! This spacious 1BR/1.5BA, 950 SF home feels private and serene, with no need for an elevator. Features include marble floors, a large custom walk-in closet, updated kitchen and baths, and hurricane-impact glass offering total peace and quiet. The building, set directly on the bay, showcases a modern lobby, waterfront pool, and a fully equipped fitness center. Includes a covered parking space and storage unit. Peaceful island living in the heart of Miami Beach, with a park and the iconic The Standard hotel across the street. Furniture included in sale (optional). A rare offering combining privacy, luxury, and prime location.

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Condo Active

Price

$ 499,000

Bedrooms

1

Full Bath

1

Half Bath

1

Property Type

Condo

Taxes

$ 2,581

Style

Year Built

1967

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11901357

Features
General
Heating Central
Cooling Central Air
Utilities Cable Available
Possession Closing & Funding
Appliances Dishwasher Disposal Ice Maker Microwave Refrigerator Self Cleaning Oven
HOA Fee 1446
Garage Spaces 0
Association Fee Includes Amenities Common Areas Hot Water Insurance Maintenance Grounds Maintenance Structure Parking Pool(s) Reserve Fund Roof Sewer Security Trash Water
Architectural Style High Rise
Pool Features Association
Security Features Door Man Lobby Secured Security Guard Smoke Detector(s)
Restrictions Limited Number Vehicles Renting Limited
Construction Materials Block
Pets Allowed Conditional Yes
Year Built 1967
View None Pool
Unit Number LE
Property Subtype Condominium
Tax Year 2024
Waterfront Features Bayfront Seawall
Accessibility Accessible Approach with Ramp Accessible Entrance
Assoc Fee Paid Per Monthly
County Miami-Dade
Property Type Residential
Association Amenities Fitness Center Pool Storage Elevator(s)
Subdivision Name ISLAND TERRACE CONDO
Garage Y/N false
Total Rooms 0
Full Baths 1
Special Listing Conditions Listed As-Is
Status Active
High School Miami Beach
City Miami Beach
Disclosures Special Assessment
Entry Location 1
Senior Community Y/N false
MLS Area 32
Lot Size Units Square Feet
Carport Spaces 0
Carport Y/N false
Listing Terms Cash Conventional VA Loan
Elementary School North Beach
Property Attached Y/N true
Year Built Details Resale
Tax Annual Amount 2581
Middle/Junior High School Nautilus
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11901357
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Condominium
Legal Description ISLAND TERRACE CONDO UNIT L-E UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R 239278 OR 18051-3491 0398 5 COC 22974-1990 12 2004 1
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Interior
Interior Amenities Bedroom on Main Level Closet Cabinetry First Floor Entry Handicap Access Living/Dining Room Main Living Area Entry Level Pantry Walk-In Closet(s)
Flooring Marble
Furnished Y/N Furnished
Total Stories 16
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Impact Glass
Half Baths 1
Total Bedrooms 1
Entry Level 1
Total Baths 2
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Exterior
Exterior Amenities Security/High Impact Doors
Parking Features Assigned Covered One Space
Building Area Total 950
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
Elite Miami Realty, Llc

Broker

elsie@elitemiamirealty.com

Email

Affordability Calculator

$3,328
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,113
Monthly Property Taxes
$215
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4575598 Elementary School
4205765 Middle School
Miami Beach High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2025$499,000 Listed Price

Map


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5 Island Ave LE, Miami Beach, FL, 33139 is a Condo for sale at $499,000 with 950 sqft. 5 Island Ave LE has 1 bedrooms, 1.1 baths, and was built in 1967. The property's zip code is 33139 which is in Miami Beach, FL