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Active - Condominium for sale

5 Island Ave, Miami Beach FL 33139

1 bd|1 bth + 1 half|950 sqft

Facts & features

Condominium Property type
9 days on Beycome
1967 Year built
$473 Price/Sqft.
1 car garage Parking
$1,425/mo HOA

Why you’ll love it

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.

Translating description...

Listings courtesy of One Sotheby's International Realty.

Listed by: Marine Rivierre • 305-561-8636 • One Sotheby's International Realty

Co-listed by: One Sotheby's International Realty

Source: Miami MLS, MLS#: A12115533 Miami MLS logo

Based on info available as of Nov 13, 2026 at 7:00 PM EST.

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Affordability

$290,000$605,000
1%20%
0%90%
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Estimated monthly payment

$4,221/mo

  • Mortgage$2,270
  • Property tax$526
  • HOA fee
  • Homeowners insurance
Due at closing$356,955
Down payment held in escrow$89,800
Closing costs$6,735
beycome credit Est.$8,980

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Island Terrace Condo

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Flood & climate risk

FEMA Flood Zone AE

In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.

More details

Base flood elevation: 9 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 13, 2026 at 07:00pm EST.

$449,000 Listed price

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$8,980 Credit back

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