5 Island Ave
Miami Beach, FL, 33139
$464,000
1 Beds
1.5 Baths
950 SqFt
0 Acres
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MLS #A11994765 image #0
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

Price:
$464,000
MLS #:
A11994765
Status:
Active
Beds:
1
Baths:
1.5
Type:
Condo
Subtype:
Condominium
Subdivision:
ISLAND TERRACE CONDO
Neighborhood:
islandterracecondo
Listed Date:
Apr 17, 2026
Finished Sq Ft:
950
Total Sq Ft:
950
Year Built:
1967
WaterfrontIsland Terrace CondoIslandterracecondoIsland Terrace CondoNorth BeachNautilusMiami BeachOther ViewRenting Limited,see Broker RemarksRestrictions Or Possible Restrictions

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Schools

Elementary School:
North Beach
Middle School:
Nautilus
High School:
Miami Beach

Interior

Appliances
Dishwasher, Electric Range, Refrigerator, Self Cleaning Oven
Bathrooms
1 Full Bathroom, 1 Half Bathroom
Cooling
Central Air
Flooring
Tile, Vinyl
Heating
Central
Interior Features
First Floor Entry, Bar, Walk-In Closet(s)
Laundry Features
Common Area

Exterior

Association Amenities
Bike Storage, Laundry, Community Room, Elevator(s), Exercise Room, Pool
Construction Materials
CBS Construction
Covered Spaces
1
Exterior Features
Open Balcony
Garage Spaces
1
Parking Features
1 Space, Assigned
Patio And Porch Features
Open Balcony
Security Features
Doorman, Lobby Secured, TV Camera
View
Other View
Window Features
High Impact Windows, Sliding

Financial

HOA Fee
$1,425
HOA Fee Frequency
Monthly
Tax Year
2025
Taxes
$6,309

Map

Community

Subdivisions in Miami Beach

Market Summary

Current real estate data for Condo in Miami Beach as of Apr 18, 2026
2,036
Condo Listed
180
Avg DOM
1,052
Avg $ / SqFt
$1,687,617
Avg List Price

Property Summary

    Located in the ISLAND TERRACE CONDO subdivision, 5 Island Ave Miami Beach FL is a Condo for sale in Miami Beach, FL, 33139. It is listed for $464,000 and features 1 beds, 2 baths, and has approximately 950 square feet of living space, and was originally constructed in 1967. The current price per square foot is $488. The average price per square foot for Condo listings in Miami Beach is $1,052. The average listing price for Condo in Miami Beach is $1,687,617. To schedule a showing of MLS#a11994765 at 5 Island Ave in Miami Beach, FL, contact your Julien Drieu agent at 7862380927.

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