5500 Island Estates Dr # 602, Aventura FL 33160 | Miami-Dade County | A11939974
  • $3,780,000

Description

Unit 602 at Prive Island Estates North Tower showcases numerous high-end UPGRADES, including porcelain tile flooring and designer wallpaper throughout, including the bathrooms. The elegant powder room features marble flooring, a marble sink, and exclusive Hermès wallpaper. Custom Armadi closets, designer mirrors, and a living room highlighted by custom millwork with integrated shelving, a built-in bar, and concealed doors create a seamless, modern aesthetic. Unit is very well decorated by Maris Raffa with high-quality furniture ( Artefacto USA, Restoration & Italian brands)
Prive residences offer expansive floor plans with European-style kitchens, soaring 10-foot ceilings, floor-to-ceiling glass, private elevator access, and outdoor summer kitchens. Ideally located on a private island at 5500 Island Estates Drive, the residence enjoys breathtaking water views and exceptional privacy.
World-class amenities include a private marina, beach-entry pool, north-south lap pool, lighted tennis court, 10,000-square-foot spa and fitness center, jogging path, business center, private dining and social rooms, private beach, full-service concierge, and more. 2 parking spaces assigned. A must-see unit!

Property Overview

This is a 3-bedroom, 4.5-bath condominium of about 2670 square feet at 5500 Island Estates Dr # 602, Aventura FL 33160 (Aventura 33160), listed at $3,780,000.

Monthly Costs, Stated Plainly

The monthly HOA fee is $6,073.

The tax of record is $43,509 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $75,600/yr (≈ $6,300/mo); with the homestead exemption on a primary residence, about $74,600/yr (≈ $6,217/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 $3,780,000. The unit is explicitly offered as furnished, and all fixtures and built-in appliances are included with the sale.

You gain access to the building's shared amenities, which include a business center, exercise room, sauna, tennis courts, and a boat dock. For a complete verification of the conveyance list and a detailed review of the HOA's rules governing these amenities, you should contact Christopher Lazaro, Aventura Real Estate Expert.

Where exactly is it, and what should I know about the location?

The property is located in Aventura, 33160, a coastal corridor city in northeast Miami-Dade County. The specific address places it within the gated Island Estates community.

For a detailed discussion of the location's attributes and how they relate to your needs, you should contact Christopher Lazaro, Aventura Real Estate Expert, for verification.

What are the HOA / association fees, and what do they cover?

The monthly HOA fee for this condominium is $6,073. According to the governing documents, this fee covers the following for the unit: Common Area maintenance, Elevator service, Parking, Pool Service, Sewer, Trash Removal, and Water.

The community is also governed by the City of Aventura's municipal code. For a complete review of the association's financials and rules, you should contact Christopher Lazaro, Aventura Real Estate Expert, to verify all details.

What are the property taxes and homestead implications?

The tax of record is $43,509 for 2025. As an estimate only—Florida reassesses upon sale—at the list price of $3,780,000 and a Miami-Dade rate near 2.0%, the projected annual property tax would be approximately $75,600 without a homestead exemption, or about $74,600 with it. The homestead exemption lowers the taxable value only if this is your primary Florida residence.

These are estimates, not quotes; you must confirm with the Miami-Dade Property Appraiser and a tax professional. For precise verification, contact Christopher Lazaro, Aventura Real Estate Expert.

Is the home in a flood zone, and what does that mean?

The property is located in a FEMA-designated high-risk flood zone, specifically Zone AE. This classification indicates a 1% annual chance of flooding and a 26% chance over a 30-year mortgage. Lenders will require flood insurance for a purchase in this zone. You can review the official FEMA flood zone definitions and View the FEMA flood map for this address.

For a precise assessment of insurance implications and property-specific risk, contact Christopher Lazaro, Aventura Real Estate Expert, to verify the current data.

Are pets allowed?

The MLS record lists 'Restrictions Or Possible Restrictions' for pets. This means pets are allowed, with restrictions or possible restrictions; we will obtain the association's exact current pet rules for this unit on request.

Separate federal accommodation rules apply for documented service or emotional support animals. For precise verification, contact Christopher Lazaro, Aventura Real Estate Expert.

How is the price set and is there room to negotiate?

The list price is grounded in a recent market analysis. For context, Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). A specific competitive market analysis for this building and vicinity refines that broader statistic.

Before you consider an offer, I can provide the detailed Aventura CMA for this property type. To verify the analysis and discuss strategy, you should reach Christopher Lazaro, Aventura Real Estate Expert.

What financing step do you recommend before touring?

Before touring, secure a written pre-approval from a Florida-licensed mortgage originator. This step clarifies your budget and demonstrates serious intent to sellers. I recommend starting that process here: Get-PreApproved.com.

For a property like 5500 Island Estates Dr #602, listed at $3,780,000, this is a necessary first move. To discuss this step or verify any details, reach out directly to Christopher Lazaro, Aventura Real Estate Expert.

Monthly Fees & Carrying Costs

Association Fee $6,073 / month
Total Monthly Fees $6,073 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)

Have a question about this Aventura listing?

Talk directly with Christopher Lazaro, your Aventura real estate advisor. No pressure — real answers.

  • Address: Island Estates Dr
  • City: Aventura
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33160
  • Area: PRIVE CONDO

Details

Updated on August 20, 2026 at 7:43 am
  • Property ID A11939974
  • Price $3,780,000
  • Property Size 2670 Sq Ft
  • Bedrooms 3
  • Room 0
  • Bathrooms 4.5
  • Garages 2
  • Year Built 2017
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Waterfront Features Waterfront
  • Bedroom Features At Least 1 Bedroom Ground Level
  • Cooling Central Air
  • Association Type Condo
  • Building PRIVE CONDO
  • Association Fee Frequency Monthly
  • Area Prive Condo
  • Annual Tax 43509
  • Maintenance Fee Paid Per Monthly
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront Yes
  • Full Bathrooms 4
  • Subdivision PRIVE CONDO
  • Total Stories 16
  • Restrictions Ok To Lease
  • Maintenance Includes Common Area, Elevator, Parking, Pool Service, Sewer, Trash Removal, Water
  • Amenities Billiard Room, Boat Dock, Business Center, Child Play Area, Elevator(s), Exercise Room, Other, Sauna, Tennis Court(s)
  • Parking Assigned, Valet
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction Concrete Block Construction
  • Building Area 2670
  • Covered Spaces 2
  • Unit Floor 6
  • Frontage Bay
  • View Bay, Intracoastal View, Ocean View, Water View
  • Year Built Details Resale
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 602
  • Inclusions Other
  • Half Bathrooms 1
  • Flood Zone AE
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 2
  • Style Condo 5+ Stories
  • Association Fee 6073
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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