20 Island Ave # 1203, Miami Beach FL 33139 | Miami-Dade County | A12003666
- $549,000
- $549,000
Description
Rare opportunity to own a stunning bay view residence at the iconic Belle Plaza on Belle Isle, featuring breathtaking bay and downtown skyline views. Priced to sell, this updated 1-bedroom, 2-bathroom unit offers approximately 900 SF of interior space filled with fantastic natural light. The spacious layout includes generously sized rooms, an abundance of closets, including a beautifully built-out walk-in closet, porcelain flooring, recessed lighting, and wall-to-wall impact windows. A large private balcony provides the perfect setting to enjoy sweeping bay views and gorgeous sunsets. Additional highlights include assigned parking and the opportunity to purchase with conventional financing with as little as 3–5% down. The building has completed its recertification, offering added peace of mind. Ideally located directly across from Belle Isle Park and The Standard, and just moments from Sunset Harbour’s renowned dining, shopping, and entertainment. Belle Plaza offers exceptional amenities, including a heated bayside pool, expansive sundeck, jacuzzi, fitness center, tennis court, BBQ area, resident lounge, bike storage, 24-hour concierge/security, and valet. Schedule your private showing today while this exceptional residence lasts.
Property Overview
This is a 1-bedroom, 1.5-bath home of about 897 square feet at 20 Island Ave # 1203, Miami Beach FL 33139 (Miami Beach 33139), listed at $549,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $940.
The tax of record is $8,600 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $10,980/yr (≈ $915/mo); with the homestead exemption on a primary residence, about $9,980/yr (≈ $832/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price is $549,000. As an unfurnished condominium, the sale includes all fixtures and built-in appliances, while furniture does not convey.
You gain access to the building's shared amenities, which include a private pool, heated pool, spa, tennis courts, and a clubhouse. To verify what is included and review the specific association rules, contact Christopher Lazaro, Miami Beach Real Estate Professional.
Where exactly is it, and what should I know about the location?
The property is located at 20 Island Avenue, unit 1203, within the 33139 zip code of Miami Beach. This specific coastal corridor offers proximity to the water and central city access.
For a detailed discussion of the immediate surroundings and building-specific considerations, you should contact Christopher Lazaro, Miami Beach Real Estate Professional, for verification.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee for this condominium is $940. This fee covers the following items for the building and common areas: All Amenities, Building Exterior, Common Area, Elevator, Hot Water, Insurance, Internet/WiFi, Landscaping/Lawn Maintenance, Laundry Facilities, Legal/Accounting, Manager, Parking, Pest Control Interior, Pool Service, Reserve Fund, Security, Sewer, Trash Removal, and Water.
Please note that the community is also subject to city ordinances. For a complete review of the association's financials and governing documents, contact Christopher Lazaro, Miami Beach Real Estate Professional, for verification.
What are the property taxes and homestead implications?
The tax of record is $8,600 for 2025. As an estimate only—Florida reassesses at sale—at the $549,000 list price and a Miami-Dade rate near 2.0%, annual property tax could be approximately $10,980 without a homestead exemption, or about $9,980 with one, which lowers the taxable value for a primary residence.
These are estimates, not quotes; confirm final figures with the Miami-Dade Property Appraiser and a tax professional. For precise verification on this unit, contact Christopher Lazaro, Miami Beach Real Estate Professional.
Is the home in a flood zone, and what does that mean?
Yes, this condominium is located in a FEMA-designated flood zone, specifically Zone AE, which is considered a high-risk area. You can review FEMA's flood zone definitions and view the FEMA flood map for this address for precise details. Mortgage lenders will require flood insurance for a property in this zone, which is an essential annual cost to factor into your budget.
For a complete assessment of the associated costs and requirements, contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify this specific information.
Are pets allowed?
This property is a single-family home. There is no condo association or HOA board setting a pet policy, so the decision is the owner's. This is subject to local ordinances and the terms of any future lease.
Documented service animals and emotional support animals are protected under federal law. For definitive verification on this or any property detail, contact Christopher Lazaro, Miami Beach Real Estate Professional.
How is the price set and is there room to negotiate?
The price is set using a Comparative Market Analysis for this specific building and vicinity. For broader context, Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract. A CMA for Miami Beach condos would provide the relevant benchmark for this unit.
To verify the current market position and discuss strategy, you should reach Christopher Lazaro, Miami Beach Real Estate Professional, for that analysis.
What financing step do you recommend before touring?
I recommend securing a pre-approval from a Florida-licensed mortgage loan officer before touring any property. This step clarifies your budget and strengthens your position. To begin, you can speak with an MLO at Get-PreApproved.com.
For a precise evaluation of how this applies to 20 Island Ave #1203 at its $549,000 list price, contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify the financial specifics.
Monthly Fees & Carrying Costs
| Association Fee | $940 / month |
| Total Monthly Fees | $940 / month |
- Membership Required: No
- Application Fee: $100 (one-time)
Have a question about this Miami Beach listing?
Talk directly with Christopher Lazaro, your Miami Beach real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Island Ave
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33139
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Area: BELLE PLAZA CONDO
Details
Updated on July 1, 2026 at 4:53 am-
Property ID A12003666
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Price $549,000
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Property Size 897 Sq Ft
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Bedroom 1
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Room 0
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Bathrooms 1.5
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Garage 1
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Year Built 1962
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Tile
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Bedroom Features Primary Bath Shower
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Cooling Central Air
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Association Type Condo, Homeowners
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Building BELLE PLAZA CONDO
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Association Fee Frequency Monthly
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Area Belle Plaza Condo
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Annual Tax 8600
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Association Yes
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Elementary School North Beach
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Private Pool Yes
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 1
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Subdivision BELLE PLAZA CONDO
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Total Stories 15
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Restrictions Okay To Lease 1st Year
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Parking 1 Space, Assigned
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block Construction
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Building Area 897
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Covered Spaces 1
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Middle School Nautilus
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Unit Floor 12
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Frontage Bay
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View Bay, Intracoastal View, Skyline, Water View
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Year Built Details Effective Year Built
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High School Miami Beach
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Pets Allowed Yes
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Attached Yes
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Unit Number 1203
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Inclusions Other
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Half Bathrooms 1
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Flood Zone AE
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Patio / Porch Open Balcony
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New Construction No
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Garage Spaces 1
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Style Condo 5+ Stories
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Association Fee 940
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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