5500 Island Estates Dr # 802, Aventura FL 33160 | Miami-Dade County | A11958517
- $3,550,000
- $3,550,000
Description
Exquisite, fully furnished, move-in-ready residence located on an exclusive private island, offering breathtaking ocean, Intracoastal, and city skyline views. Enjoy true luxury living with privacy, 24-hour security, and access to an exclusive 8-acre amenity oasis.
This elegant flow-through unit features 3 spacious bedrooms, 4.5 bathrooms, floor-to-ceiling glass windows, and two expansive terraces with stunning marina and ocean views. The residence is beautifully finished with marble floors throughout, a sleek modern European kitchen, and generous walk-in closets.
Residents enjoy world-class amenities, including multiple resort-style pools, tennis courts, poolside bar service, wine and cigar lounge, valet parking, concierge services, and private elevator access.
Property Overview
This is a 3-bedroom, 4.5-bath home of about 2750 square feet at 5500 Island Estates Dr # 802, Aventura FL 33160 (Aventura 33160), listed at $3,550,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $5,900.
The tax of record is $44,381 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $71,000/yr (≈ $5,917/mo); with the homestead exemption on a primary residence, about $70,000/yr (≈ $5,833/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 $3,550,000. For this specific unit, the MLS record does not explicitly state its furnished status, so what conveys must be verified; fixtures and built-in appliances generally stay with the home.
The property includes access to shared community amenities such as a bar, billiard room, business center, child play area, clubhouse, community room, elevators, exercise room, marina, and pool. To confirm exactly what is included in the sale, contact Christopher Lazaro, Aventura Real Estate Expert, for a detailed review of the listing.
Where exactly is it, and what should I know about the location?
The property at 5500 Island Estates Drive, Unit 802, is located in Aventura, Florida 33160. This specific address places it within the established coastal corridor between Miami and Fort Lauderdale, offering direct access to major highways and the area's waterways.
For a detailed discussion of the building's amenities, building-specific assessments, and current market dynamics in this immediate area, 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 of $5,900 for this condominium covers All Amenities, Cable TV, Common Area maintenance, Hot Water, Insurance, Internet/WiFi, Parking, Pool Service, Sewer, Trash Removal, and Water. The community is also governed by city ordinances, detailed in the municipal code.
For a precise breakdown and to verify all association governance, you should contact Christopher Lazaro, Aventura Real Estate Expert, for a detailed review.
What are the property taxes and homestead implications?
The tax of record is $44,381 for 2025. Florida law requires a reassessment upon sale. Based on the list price and current Miami-Dade rates, the estimated annual property tax would be approximately $71,000 without a homestead exemption, or about $70,000 with one, as the exemption reduces the taxable value for a primary residence only. These are preliminary estimates, not final quotes.
For precise figures and a full explanation of homestead benefits, you should consult the Miami-Dade Property Appraiser and a tax professional. To proceed with verified details, contact Christopher Lazaro, Aventura Real Estate Expert.
Is the home in a flood zone, and what does that mean?
Properties are assigned a flood zone designation based on FEMA's assessment of flood risk. You can review the official definitions and View the FEMA flood map for this address for this specific condominium.
If the property is in a high-risk zone, a mortgage lender will mandate flood insurance. For precise verification of this property's designation and its implications, contact Christopher Lazaro, Aventura Real Estate Expert.
Are pets allowed?
This is a single-family home. There is no condo or HOA board to set pet rules; the owner decides, within local ordinances and any lease terms. Documented service animals and emotional support animals are protected under federal law.
For precise verification on this property, contact Christopher Lazaro, Aventura Real Estate Expert.
How is the price set and is there room to negotiate?
The list price reflects a current comparative market analysis for the building and vicinity. To provide context, the broader Miami-Dade market for single-family homes recently showed properties closing at 95% of original list price, with a median of 41 days to contract (MIAMI REALTORS®, May 2026).
For a precise assessment of this condo's position, I can prepare an Aventura-specific CMA to inform your strategy. To verify the analysis and discuss negotiation, reach out to Christopher Lazaro, Aventura Real Estate Expert.
What financing step do you recommend before touring?
I recommend securing a formal mortgage pre-approval from a licensed Florida mortgage professional before touring any property. This step clarifies your budget and strengthens your position as a buyer. You can begin that process here.
Once you have your pre-approval letter, contact Christopher Lazaro, Aventura Real Estate Expert, to verify your standing and schedule a viewing of 5500 Island Estates Dr # 802.
Monthly Fees & Carrying Costs
| Association Fee | $5,900 / month |
| Total Monthly Fees | $5,900 / 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
Open on Google Maps-
Address: Island Estates Dr
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City: Aventura
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State/county: Miami-Dade County
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Zip/Postal Code: 33160
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Area: PRIVE CONDO
Details
Updated on August 20, 2026 at 4:56 am-
Property ID A11958517
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Price $3,550,000
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Property Size 2750 Sq Ft
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Bedrooms 3
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Room 0
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Bathrooms 4.5
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Garages 2
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Year Built 2017
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Marble
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Waterfront Features Canal Front, No Fixed Bridges
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Bedroom Features Primary Bath Shower, Primary Bath Tub
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Cooling Central Air
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Association Type Homeowners
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Building PRIVE
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Association Fee Frequency Monthly
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Area Prive Condo
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Annual Tax 44381
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Association Yes
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 4
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Subdivision PRIVE CONDO
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Total Stories 16
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Restrictions Other Restrictions
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Parking 2 Or More Spaces, Assigned, Covered, Valet
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block Construction
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Building Area 2750
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Covered Spaces 2
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Unit Floor 8
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Frontage Bay
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View Canal, Ocean View, Water View
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Year Built Details Effective Year Built
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Pets Allowed Yes
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Attached Yes
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Unit Number 802
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Inclusions Dock Available
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Half Bathrooms 1
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Flood Zone AE
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New Construction No
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Garage Spaces 2
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Style Condo 5+ Stories
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Association Fee 5900
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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