5 Island Ave LF Miami Beach, FL $ 464,000
5 Island Ave LF
$ 464,000
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5 Island Ave LF

Miami Beach, FL, 33139
$ 464,000
Bedrooms1 Baths1.1 Sq 950

Monthly Estimate*

$ 2,857

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Condo for sale in Miami Beach, FL

for $464,000 with 1 bedroom and 1 full bath, 1 half bath. This 950 square foot condo was built in 1967.

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.

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Condo Active

Price

$ 464,000

Bedrooms

1

Full Bath

1

Half Bath

1

Property Type

Condo

Taxes

$ 6,309

Style

Year Built

1967

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11994765

Features
General
Heating Central
Cooling Central Air
Possession Close Of Escrow
Appliances Dishwasher Electric Range Refrigerator Self Cleaning Oven
HOA Fee 1425
Garage Spaces 1
Association Fee Includes Association Management Amenities Common Areas Cable TV Laundry Maintenance Grounds Maintenance Structure Pest Control Pool(s) Reserve Fund Sewer Trash Water
Patio/Porch Features Balcony Open
Pool Features Association
Security Features Closed Circuit Camera(s) Door Man Lobby Secured
Restrictions Renting Limited See Remarks
Construction Materials Block
Pets Allowed Conditional Yes
Year Built 1967
View Other
Unit Number LF
Property Subtype Condominium
Tax Year 2025
Waterfront Features Bayfront
Assoc Fee Paid Per Monthly
County Miami-Dade
Property Type Residential
Association Amenities Bike Storage Clubhouse Fitness Center Laundry Pool Elevator(s)
Subdivision Name ISLAND TERRACE CONDO
Garage Y/N true
Total Rooms 0
Full Baths 1
Special Listing Conditions Listed As-Is
Status Active
Directions Island Terrace at 5 Island Avenue - across from the Standard Hotel & Spa.
High School Miami Beach
City Miami Beach
Entry Location 1
Senior Community Y/N false
MLS Area 32
Lot Size Units Square Feet
Listing Terms Cash Conventional
Elementary School North Beach
Property Attached Y/N true
Year Built Details Resale
Tax Annual Amount 6309
Middle/Junior High School Nautilus
Property Condition Updated/Remodeled
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11994765
Standard Status Active
Occupancy Type Owner
Property Sub Type Additional Condominium
Legal Description ISLAND TERRACE CONDO UNIT L-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 16065-0315 0993 1
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Interior
Interior Amenities Bedroom on Main Level First Floor Entry Main Level Primary Bar Walk-In Closet(s)
Flooring Tile Vinyl
Total Stories 16
Air Conditioning Y/N true
Heating Y/N true
Window Features Impact Glass Sliding
Half Baths 1
Laundry Features Common Area
Total Bedrooms 1
Entry Level 1
Total Baths 2
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Exterior
Exterior Amenities Balcony Security/High Impact Doors
Parking Features Assigned One Space
Building Area Total 950
Waterfront Y/N true
Covered Spaces 1
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* Excluded Features
List By
One Sotheby's International Realty

Broker

mrivierre@onesothebysrealty.com

Email

Affordability Calculator

$3,383
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,857
Monthly Property Taxes
$526
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4/17/2026$464,000 Listed Price

Map


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5 Island Ave LF, Miami Beach, FL, 33139 is a Condo for sale at $464,000 with 950 sqft. 5 Island Ave LF has 1 bedrooms, 1.1 baths, and was built in 1967. The property's zip code is 33139 which is in Miami Beach, FL