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.
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 Details
Price:
$464,000
MLS #:
A11994765
Status:
Active
Beds:
1
Baths:
1.5
Type:
Condo
Subtype:
Condominium
Subdivision:
ISLAND TERRACE CONDO
Neighborhood:
islandterracecondo
Listed Date:
Apr 17, 2026
Finished Sq Ft:
950
Total Sq Ft:
950
Year Built:
1967
See this Listing
Schools
Elementary School:
North Beach
Middle School:
Nautilus
High School:
Miami Beach
Interior
Appliances
Dishwasher, Electric Range, Refrigerator, Self Cleaning Oven
Bathrooms
1 Full Bathroom, 1 Half Bathroom
Cooling
Central Air
Flooring
Tile, Vinyl
Heating
Central
Interior Features
First Floor Entry, Bar, Walk-In Closet(s)
Laundry Features
Common Area
Exterior
Association Amenities
Bike Storage, Laundry, Community Room, Elevator(s), Exercise Room, Pool
Construction Materials
CBS Construction
Covered Spaces
1
Exterior Features
Open Balcony
Garage Spaces
1
Parking Features
1 Space, Assigned
Patio And Porch Features
Open Balcony
Security Features
Doorman, Lobby Secured, TV Camera
View
Other View
Window Features
High Impact Windows, Sliding
Financial
HOA Fee
$1,425
HOA Fee Frequency
Monthly
Tax Year
2025
Taxes
$6,309
Map
Community
- Address5 Island Ave Miami Beach FL
- SubdivisionISLAND TERRACE CONDO
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
Subdivisions in Miami Beach
Market Summary
Current real estate data for Condo in Miami Beach as of May 17, 2026
1,955
Condo Listed
180
Avg DOM
1,003
Avg $ / SqFt
$1,616,179
Avg List Price
Property Summary
- Located in the ISLAND TERRACE CONDO subdivision, 5 Island Ave Miami Beach FL is a Condo for sale in Miami Beach, FL, 33139. It is listed for $464,000 and features 1 beds, 2 baths, and has approximately 950 square feet of living space, and was originally constructed in 1967. The current price per square foot is $488. The average price per square foot for Condo listings in Miami Beach is $1,003. The average listing price for Condo in Miami Beach is $1,616,179. To schedule a showing of MLS#a11994765 at 5 Island Ave in Miami Beach, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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