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
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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

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

5 Island Ave # 2F, Miami Beach FL 33139

Active Active

$499,995

8 More

Type
Condominium

1
Bedroom

1.5
Bathrooms

1
Garage

950 Sq Ft
Area Size

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Active 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 elevated Miami living in this fully remodeled residence on prestigious Belle Isle, offering breathtaking bay and downtown skyline views. This immaculate 1-bedroom, 1 full bath + 1 half bath home blends modern elegance with effortless coastal living. Featuring an open-concept layout with high ceilings and abundant natural light, the residence showcases sophisticated finishes, warm wood flooring, and a bright, airy ambiance throughout. The designer kitchen is thoughtfully appointed with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into the living and dining spaces—perfect for both everyday living and entertaining. Located in an iconic Morris Lapidus building on the sought-after Venetian Islands, residents enjoy resort-style amenities including 24/7 front desk service, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, top dining, boutique shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Whether as a primary residence, vacation retreat, or investment opportunity, this turnkey residence offers luxury, convenience, and the best of Miami living. Water, cable, and internet.

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 June 8, 2026 at 2:09 pm

Property ID A12025234
Price $499,995
Property Size 950 Sq Ft
Bedroom 1
Room 0
Bathrooms 1.5
Garage 1
Year Built 1967
Type Condominium
Property Status Active

Additional details

LivingAreaUnits Square Feet
LaundryFeatures Common Area
Flooring Wood
PhotosCount 13
MIAMIRE_SubdivisionNumber 44
WaterfrontFeatures Ocean Access
RoomBedroomFeatures None
ViewYN Yes
Cooling Central Air, Electric
SecurityFeatures Smoke Detector, Doorman, Elevator Secure
MIAMIRE_NARRulesYN Yes
MIAMIRE_TypeofAssociation Condo
BuildingName Island Terrace condo
AssociationFeeFrequency Monthly
HeatingYN Yes
ListingKeyNumeric 495645939
MLSAreaMajor Island Terrace Condo
TaxAnnualAmount 8081
BathroomsTotalDecimal 1.5
AssociationYN Yes
MlsStatus Active
StreetNumber 5
ListingKey d312a67d802b80ff2bdadf6c3f03ee67
ElementarySchool North Beach
MIAMIRE_AddressInternetDisplay 5 Island Ave 2F
PoolPrivateYN No
ListingTerms All Cash, Conventional
Possession Funding
WaterfrontYN Yes
BathroomsFull 1
SubdivisionName ISLAND TERRACE CONDO
InternetAddressDisplayYN Yes
DoorFeatures High Impact Doors
StoriesTotal 16
MIAMIRE_NumTimesLeasedYear 1
MIAMIRE_Restrictions No Daily Rentals, No Lease-1st Year Owned
PetsAllowed No
MIAMIRE_MaintenanceIncludes All Amenities, Common Area, Elevator, Insurance, Landscaping/Lawn Maintenance, Laundry Facilities, Manager, Pest Control Interior, Pool Service, Recreation Facilities, Sewer, Trash Removal, Water
AssociationAmenities Bike Storage, Clubhouse-Clubroom, Laundry, Exercise Room, Pool
StreetNumberNumeric 5
MIAMIRE_MunicipalCode 2
ParkingFeatures 1 Space
PostalCodePlus4 1302
Heating Central, Electric
MIAMIRE_Area 32
StructureType Condo 5+ Stories, Condo
ListingAgreement Exclusive Right To Sell
ListingId A12025234
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN Yes
MIAMIRE_MinimumNumofDaysforLease 365
InternetAutomatedValuationDisplayYN Yes
TaxYear 2024
ConstructionMaterials CBS Construction
InternetConsumerCommentYN Yes
BuildingAreaTotal 950
CoolingYN Yes
LotSizeUnits Square Feet
MIAMIRE_SpecialAssessmentYN No
GarageYN Yes
MIAMIRE_AdjustedAreaSF 950
ListingContractDate 2026-05-27
StateOrProvince FL
CoveredSpaces 1
MiddleOrJuniorSchool Nautilus
MIAMIRE_TypeofGoverningBodies Condominium
EntryLevel 5
View Water View
SignOnPropertyYN No
YearBuiltDetails Resale
HighSchool Miami Beach
IDXParticipationYN Yes
MIAMIRE_PetsAllowedYN No
PropertyAttachedYN Yes
MIAMIRE_ForLeaseYN No
HorseYN No
UnitNumber 2F
LeasableAreaUnits Square Feet
Inclusions Other
BathroomsHalf 1
SyndicationRemarks Experience elevated Miami living in this fully remodeled residence on prestigious Belle Isle, offering breathtaking bay and downtown skyline views. This immaculate 1-bedroom, 1 full bath + 1 half bath home blends modern elegance with effortless coastal living. Featuring an open-concept layout with high ceilings and abundant natural light, the residence showcases sophisticated finishes, warm wood flooring, and a bright, airy ambiance throughout. The designer kitchen is thoughtfully appointed with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into the living and dining spaces—perfect for both everyday living and entertaining. Located in an iconic Morris Lapidus building on the sought-after Venetian Islands, residents enjoy resort-style amenities including 24/7 front desk service, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, top dining, boutique shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Whether as a primary residence, vacation retreat, or investment opportunity, this turnkey residence offers luxury, convenience, and the best of Miami living. Water, cable, and internet.
MIAMIRE_LPAmtSqFt 526.3105
MIAMIRE_FloodZone AE
WindowFeatures High Impact Windows, Impact Glass
NewConstructionYN No
GarageSpaces 1
MIAMIRE_OkToAdvertiseList No
MIAMIRE_Style Condo 5+ Stories
AssociationFee 1425
LotSizeSquareFeet 0
ArchitecturalStyle High Rise
MIAMIRE_MembershipPurchRqdYN No
UnparsedAddress 5 Island Ave # 2F, Miami Beach FL 33139
MIAMIRE_Blogging No
FeedTypes IDX