5 Island Ave # 12C, Miami Beach FL 33139 | Miami-Dade County | A12004266
- $900,000
- $900,000
Description
Rarely available northwest corner residence at Island Terrace on Belle Isle. This 12th-floor 2-bedroom, 2-bath home features direct bay views, spectacular sunsets, and exceptional natural light from floor-to-ceiling hurricane-impact glass windows. Well maintained and ideally positioned overlooking a peaceful private park, the residence enjoys a prime Belle Isle location across from The Standard Hotel & Spa and just moments from Sunset Harbour’s top restaurants, cafes, fitness studios, and boutiques. Designed by Morris Lapidus, Island Terrace is a full-service waterfront building with a 24-hour front desk, bayfront pool, kayak launch, bike and additional storage, assigned parking, onsite management, and a pet-friendly policy. A standout opportunity to enjoy iconic Miami Beach waterfront living.
Property Overview
This is a 2-bedroom, 2-bath condominium of about 1305 square feet at 5 Island Ave # 12C, Miami Beach FL 33139 (Miami Beach 33139), listed at $900,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $1,923.
The tax of record is $5,352 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $18,000/yr (≈ $1,500/mo); with the homestead exemption on a primary residence, about $17,000/yr (≈ $1,417/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 $900,000. The MLS record does not explicitly state the furnished status, so specific items must be verified; fixtures and built-in appliances generally convey with the home.
Community amenities, governed by the HOA, include bike storage, a business center, elevators, an exercise room, and exterior lighting. To confirm exactly what is included in the sale for unit 12C, contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, for a detailed review.
Where exactly is it, and what should I know about the location?
The property at 5 Island Ave #12C is in Miami Beach, Florida 33139, on the coastal corridor of Biscayne Bay. Its position offers direct water access and views, with proximity to mainland Miami.
For a detailed discussion of the area's specific attributes and how they relate to this listing, please contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify location details and access.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $1,923. According to the association records, this fee covers the following: All Amenities, Building Exterior, Common Area, Insurance, Laundry Facilities, Outside Maintenance, Pest Control Interior, Pool Service, Reserve Fund, Sewer, Trash Removal, and Water.
Please note that community governance is also subject to Miami Beach city ordinances. For a complete review of the financials and governing documents, contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify all details.
What are the property taxes and homestead implications?
The tax of record is $5,352 for 2025. As an estimate only—Florida reassesses upon sale—at the $900,000 list price and a Miami-Dade rate near 2.0%, annual property taxes could be approximately $18,000 without a homestead exemption, or about $17,000 with one, as the exemption lowers the taxable value for a primary residence.
These are estimates, not quotes; confirm specifics with the Miami-Dade Property Appraiser and a tax professional. For precise verification regarding this property, contact Christopher Lazaro, Miami Beach Real Estate Broker Associate.
Is the home in a flood zone, and what does that mean?
This property is located in a FEMA-designated high-risk flood zone. Flood zones categorize areas based on their probability of flooding, and lenders will often require flood insurance for homes in these zones. You can review the specific definitions on the FEMA flood zone glossary and View the FEMA flood map for this address.
For a complete assessment of the insurance requirements and costs for this unit, contact Christopher Lazaro, Miami Beach Real Estate Broker Associate.
Are pets allowed?
Pets are allowed, with restrictions (or possible restrictions). The MLS record indicates this, and we will provide the association's exact current pet rules for this unit upon request. Note that separate federal accommodation rules can apply for documented service animals or ESAs.
To verify the precise policy, please reach out to Christopher Lazaro, Miami Beach Real Estate Broker Associate.
How is the price set and is there room to negotiate?
The listing price is grounded in a recent Miami-Dade market trend where condos have been closing at 94% of list, averaging 64 days on market. A comparative market analysis for this specific building and vicinity provides the precise pricing framework.
I recommend reviewing a Miami Beach-specific CMA before you decide on an offer. To verify the analysis and discuss strategy, please contact Christopher Lazaro, Miami Beach Real Estate Broker Associate.
What financing step do you recommend before touring?
Before touring any property, I recommend securing a pre-approval letter from a licensed Florida mortgage professional. This clarifies your budget and strengthens your position when you decide to make an offer. You can begin that process at Get-PreApproved.com. For verification of this property's status and to discuss your specific needs, please reach out to me, Christopher Lazaro, Miami Beach Real Estate Broker Associate.
Monthly Fees & Carrying Costs
| Association Fee | $1,923 / month |
| Total Monthly Fees | $1,923 / 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: ISLAND TERRACE CONDO
Details
Updated on July 28, 2026 at 8:38 pm-
Property ID A12004266
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Price $900,000
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Property Size 1305 Sq Ft
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Bedrooms 2
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Room 0
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Bathrooms 2
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Garage 1
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Year Built 1967
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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 At Least 1 Bedroom Ground Level
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Cooling Central Air, Electric
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Association Type Condo
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Building ISLAND TERRACE CONDO
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Association Fee Frequency Monthly
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Area Island Terrace Condo
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Annual Tax 5352
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Association Yes
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Elementary School North Beach
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 2
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Subdivision ISLAND TERRACE CONDO
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Total Stories 16
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Restrictions Ok To Lease
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Amenities Bike Storage, Business Center, Elevator(s), Exercise Room, Exterior Lighting, Other
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Parking 1 Space, Assigned
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Heating Central, Electric
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction CBS Construction
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Building Area 1305
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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
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Year Built Details Resale
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High School Miami Beach
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Pets Allowed Yes
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Unit Number 12C
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Inclusions Other
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Half Bathrooms 0
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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 1923
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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