5 Island Ave, Miami Beach FL 33139 | Miami-Dade County | A12115533
  • $449,000

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 bay front. 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 & restaurants,and Lincoln Road!
Includes 1 assigned parking space and hurricane-impact windows. An ideal primary residence or second home
combining location, comfort and lifestyle.

Property Overview

At $449,000, this 950-square-foot one-bedroom, 1.5-bath condominium at 5 Island Ave offers a ground-level entry in the Island Terrace building, a 1967 mid-century design by Morris Lapidus on Belle Isle. The layout includes a primary suite with a walk-in closet and an ensuite bathroom, plus a separate guest bath, and opens to a lanai with direct access to the pool deck. Monthly HOA dues are $1,425. The building provides a waterfront pool with views of the bay and skyline, a kayak launch, bike storage, a fitness center, 24-hour front desk service, and onsite management. The property is located in the Sunset Harbour neighborhood, offering proximity to bayfront areas.

Frequently Asked Questions

What are the basic details of this condo?

This is a one-bedroom, 1.5-bath condo with 950 square feet of living area. The listing price is $449,000, and the monthly HOA fee is $1,425.

Where is the property located and what is the building known for?

The property is located at 5 Island Ave in Miami Beach's Sunset Harbour neighborhood. The building, Island Terrace, is a waterfront structure designed by mid-century architect Morris Lapidus and offers direct bay access.

How is the interior layout and access described?

The residence features a functional layout with generous living spaces and natural light. It includes a primary suite with an ensuite bathroom and walk-in closet, plus a guest bathroom. The unit has a ground-level entry that provides direct access to the pool deck without requiring an elevator.

What amenities does the building offer?

The building provides a waterfront pool with bay and city skyline views, a kayak launch, bike storage, a fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. The community is also pet-friendly.

When was the building constructed?

The Island Terrace condo building was built in 1967.

Monthly Fees & Carrying Costs

Association Fee $1,425 / month
Total Monthly Fees $1,425 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)

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This listing is courtesy of One Sotheby's International Realty.

Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

  • Address: Island Ave
  • City: Miami Beach
  • Zip/Postal Code: 33139

Details

Updated on November 8, 2026 at 10:42 pm
  • Property ID A12115533
  • Price $449,000
  • Property Size 950 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathrooms 1.5
  • Year Built 1967
  • Property Status Active, Residential

Additional details

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

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