5 Island Ave, Miami Beach FL 33139 | Miami-Dade County | A11994765
  • $464,000

Description

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 Overview

This well-designed, spacious 1-bedroom, 1.5-bathroom condo is part of the Lanai residences at Island Terrace, a mid-century waterfront building on Belle Isle in Miami Beach. Located on the ground floor, this unit offers direct access to the pool deck, making it ideal for a low-maintenance lifestyle. The layout is functional and bright, with large living volumes and an open feel. The primary bedroom includes a walk-in closet and an ensuite bathroom, while a second full bathroom adds convenience for guests. The unit is part of the Island Terrace Condo building, designed by architect Morris Lapidus and located in the walkable Sunset Harbour neighborhood. With the building positioned directly on the bay, the lifestyle here is all about indoor-outdoor living — whether it’s morning coffee by the water or sunset views from the pool. The building features a waterfront pool with city skyline views, kayak launch, fitness center, bike storage, and 24-hour front desk service. Onsite management is also available for added convenience. This home is in the Sunset Harbour district of Miami Beach, known for its vibrant culture and proximity to the arts, dining, and shopping. With no need to use an elevator and easy access to the pool deck, it’s well-suited for a pied-a-terre or full-time residence. The HOA fee of $1,425 covers building amenities and services. For more information or to schedule a visit, call 305-859-4733.

Frequently Asked Questions

How many bedrooms and bathrooms does the unit have?

The unit has one bedroom and one and a half bathrooms.

What are the HOA fees?

The monthly HOA fee is $1,425.

Is there direct access to the pool deck?

Yes, the unit is ground-level with direct access to the pool deck, offering convenience without the need for an elevator.

What amenities does the building offer?

The building offers a waterfront pool with infinity views, kayak launch, bike storage, fitness center, 24-hour front desk, elegant common areas, and onsite management. The building is also pet-friendly.

What are the square footage and year built of the unit?

The unit has 950 square feet of living space and was built in 1967.

Where is the unit located?

The unit is located at 5 Island Ave, Miami Beach, FL 33139, in the Belle Isle area of Miami Beach's Sunset Harbour neighborhood.

Monthly Fees & Carrying Costs

Association Fee $1,425 / month
Total Monthly Fees $1,425 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)
  • Address: Island Ave
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33139
  • Area: ISLAND TERRACE CONDO

Details

Updated on July 1, 2026 at 3:53 am
  • Property ID A11994765
  • Price $464,000
  • Property Size 950 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathrooms 1.5
  • Garage 1
  • Year Built 1967
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Tile, Vinyl
  • Bedroom Features Entry Level, Primary Bath Shower, Primary Bedroom Ground Level
  • Cooling Central Air
  • Association Type Condo
  • Building ISLAND TERRACE CONDO
  • Association Fee Frequency Monthly
  • Area Island Terrace Condo
  • Annual Tax 6309
  • Association Yes
  • Elementary School North Beach
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront Yes
  • Full Bathrooms 1
  • Subdivision ISLAND TERRACE CONDO
  • Total Stories 16
  • Restrictions Renting Limited, See Broker Remarks
  • Amenities Bike Storage, Laundry, Community Room, Elevator(s), Exercise Room, Pool
  • Parking 1 Space, Assigned
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction CBS Construction
  • Building Area 950
  • Covered Spaces 1
  • Middle School Nautilus
  • Unit Floor 1
  • Frontage Bay
  • View Other View
  • Year Built Details Resale
  • High School Miami Beach
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number LF
  • Inclusions None
  • Half Bathrooms 1
  • Flood Zone AE
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 1
  • Style Condo 5+ Stories
  • Association Fee 1425
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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Christopher Lazaro

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