Why Live in Allison Island
Allison Island, nestled within Miami Beach, offers a serene and affluent lifestyle surrounded by the tranquil waters of Biscayne Bay. This exclusive island community is characterized by its quiet ambiance and friendly neighbors, with many properties serving as seasonal homes for affluent individuals. The island is divided into two gated sections: the north side features high-end single-family homes ranging from Mediterranean Revival to contemporary styles, while the south side, known as Aqua, boasts luxury mid- and high-rise condominiums and modern townhouses. Residents enjoy standard features like driveways, garages, and in-ground pools, with docks being fairly common. The island's proximity to Miami Beach's vibrant offerings enhances its appeal, with high-end retail and dining options flourishing on nearby Collins Avenue. Educational opportunities are robust, with students attending highly rated North Beach Elementary and Miami Beach Senior High, which offers specialized academies. Green spaces such as Allison Park and Brittany Bay Park provide recreational options, while cultural and leisure activities are accessible at venues like the Bath Club and Bal Harbour Shops. Practical amenities, including grocery stores and pharmacies, are conveniently located along Collins Avenue. However, potential buyers should be aware of the high flood and hurricane risk, with the island scoring a 9 out of 10 on the Flood Factor scale. The City of Miami Beach provides resources for hurricane preparedness, emphasizing the importance of having an emergency plan.
Frequently Asked Questions
Is Allison Island a good place to live?
Allison Island is a good place to live. Allison Island is considered car-dependent and bikeable with minimal transit options. Allison Island has 6 parks for recreational activities. It is very dense in population with 15.2 people per acre and a median age of 45. The average household income is $201,447 which is above the national average. College graduates make up 74.7% of residents. A majority of residents in Allison Island are home owners, with 10.2% of residents renting and 89.8% of residents owning their home. A
local real estate agent serving Allison Island can help you decide if this neighborhood is the right one for you. Learn more on our
Allison Island neighborhood guide.
Is Allison Island, FL a safe neighborhood?
Allison Island, FL is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Allison Island?
The median home price in Allison Island is $3,850,000. If you put a 20% down payment of $770,000 and had a 30-year fixed mortgage with an interest rate of 6.23%, your estimated principal and interest payment would be $18,920 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $811K a year to afford the median home price in Allison Island. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Allison Island is $201K.
What are the best public schools in Allison Island?
The best public schools that serve Allison Island are:
What are the best private schools in Allison Island?
The best private schools that serve Allison Island are:
What are the most popular zip codes in Allison Island, Miami Beach, FL?
What are the most popular neighborhoods near Allison Island, Miami Beach, FL?
Are home prices dropping in Allison Island?
Yes, home prices in Allison Island are down 9% in the last 12 months.
Home Trends in Allison Island, FL
On average, homes in Allison Island, Miami Beach sell after 168 days on the market compared to the national average of 56 days. The median sale price for homes in Allison Island, Miami Beach over the last 12 months is $3,800,000, down 31% from the median home sale price over the previous 12 months.
Median Sale Price
$3,800,000
Median Single Family Sale Price
$18,500,000
Median Townhouse Sale Price
$3,650,000
Median 2 Bedroom Sale Price
$1,525,000
Average Price Per Sq Ft
$1,427
Number of Homes for Sale
6
Last 12 months Home Sales
13
Median List Price
$3,850,000
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
-31%