What is the asking price and what does it include?

The list price for 5 Island Ave # 2F, Miami Beach FL 33160 is $499,995. The property is a Condominium with 1 bedrooms, 1.5 bathrooms, approximately 950 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 5 Island Ave # 2F, Miami Beach FL 33160 in Miami Beach, 33160. Coordinates are approximately 25.7905795, -80.1494319. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami Beach — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 499,995 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 5 Island Ave # 2F, Miami Beach FL 33160.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

Home
Buying
Selling
Property Search
Contact

Home
Buying
Selling
Property Search
Contact

Get Pre-Approved !

Home
Buying
Selling
Property Search
Contact

Get Pre-Approved !

Home
Condominium
5 Island Ave # 2F, Miami Beach FL 33139 | Miami-Dade County | A12025234

Share on:
WhatsApp Pinterest Facebook X LinkedIn Email

5 Island Ave # 2F, Miami Beach FL 33139 | Miami-Dade County | A12025234

5 Island Ave # 2F, Miami Beach FL 33139

Residential Active

$499,995

8 More

Type
Condominium

1
Bedroom

1.5
Bathrooms

1
Garage

950 Square Feet
Area Size

Share on:
WhatsApp Pinterest Facebook X LinkedIn Email

Residential Active

5 Island Ave # 2F, Miami Beach FL 33139 | Miami-Dade County | A12025234

5 Island Ave # 2F, Miami Beach FL 33139

$499,995

Description

Experience breathtaking bay and downtown skyline views from this immaculate, fully furnished and equipped residence on coveted Belle Isle. Beautifully designed with custom built-ins, designer furnishings, upgraded finishes, soaring ceilings, and abundant natural light, this residence offers a seamless open-concept layout with two full bathrooms and a sophisticated modern aesthetic. Located in an iconic Morris Lapidus building on the prestigious Venetian Islands, residents enjoy premium amenities including a 24/7 front desk, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, premier dining, shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Water, cable, and internet included. A rare opportunity to enjoy luxury living in one of Miami Beach’s most sought-after locations.

Address

Open on Google Maps

Address: Island Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: ISLAND TERRACE CONDO

Details

Updated on May 28, 2026 at 3:52 am

Property ID A12025234
Price $499,995
Property Size 950 Square Feet
Bedroom 1
Bathrooms 1.5
Garage 1
Year Built 1967
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle High Rise
AssociationAmenities Bike Storage, Clubhouse-Clubroom, Laundry, Exercise Room, Pool
AssociationFee 1425
AssociationFeeFrequency Monthly
BathroomsFull 1
BathroomsHalf 1
BuildingAreaTotal 950
BuildingAreaUnits Square Feet
BuildingName Island Terrace condo
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-05-27
Cooling Central Air, Electric
CoveredSpaces 1
DaysOnMarket 0
DoorFeatures High Impact Doors
ElementarySchool North Beach
EntryLevel 5
ExpirationDate 2027-05-17
Flooring Wood
Heating Central, Electric
HighSchool Miami Beach
Inclusions Other
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
LaundryFeatures Common Area
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-239-4227
ListingTerms All Cash, Conventional
LotSizeSquareFeet 0
MLSAreaMajor Island Terrace Condo
MajorChangeTimestamp May 27, 2026 at 04:50pm
MajorChangeType New
MiddleOrJuniorSchool Nautilus
MlsStatus Active
ModificationTimestamp May 28, 2026 at 12:01am
OnMarketDate 2026-05-27
OriginalEntryTimestamp May 27, 2026 at 04:50pm
OriginalListPrice 499995
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-33-044-0090
ParkingFeatures 1 Space
PetsAllowed No
PhotosChangeTimestamp May 27, 2026 at 04:53pm
PhotosCount 13
Possession Funding
PostalCode 33139
PostalCodePlus4 1302
PriceChangeTimestamp May 26, 2026 at 04:33pm
PublicSurveyRange 32
PublicSurveySection 33
PublicSurveyTownship 32
RoomsTotal 0
SecurityFeatures Smoke Detector, Doorman, Elevator Secure
ShowingContactType Agent
ShowingInstructions 24 Hour Notice, Call Listing Agent
SourceSystemKey 495645939
StateOrProvince FL
StatusChangeTimestamp May 27, 2026 at 04:50pm
StoriesTotal 16
StreetName Island Ave
StreetNumber 5
StreetNumberNumeric 5
StructureType Condo 5+ Stories, Condo
SyndicationRemarks Experience breathtaking bay and downtown skyline views from this immaculate, fully furnished and equipped residence on coveted Belle Isle. Beautifully designed with custom built-ins, designer furnishings, upgraded finishes, soaring ceilings, and abundant natural light, this residence offers a seamless open-concept layout with two full bathrooms and a sophisticated modern aesthetic. Located in an iconic Morris Lapidus building on the prestigious Venetian Islands, residents enjoy premium amenities including a 24/7 front desk, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, premier dining, shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Water, cable, and internet included. A rare opportunity to enjoy luxury living in one of Miami Beach’s most sought-after locations.
TaxAnnualAmount 8081
TaxLegalDescription ISLAND TERRACE CONDO UNIT 2-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 14814-417 1290 4
TaxYear 2024
UnitNumber 2F
View Water View
WaterfrontFeatures Ocean Access
WindowFeatures High Impact Windows, Impact Glass
YearBuiltDetails Resale