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 somewhat walkable and bikeable with some transit options. Allison Island is a suburban neighborhood. Allison Island has 6 parks for recreational activities. It is fairly dense in population with 13.6 people per acre and a median age of 46. The average household income is $210,300 which is above the national average. College graduates make up 74.8% of residents. A majority of residents in Allison Island are home owners, with 10.1% of residents renting and 89.9% 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.
How much do you need to make to afford a house in Allison Island?
The median home price in Allison Island is $4,650,000. If you put a 20% down payment of $930,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $23,150 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $992K a year to afford the median home price in Allison Island. The average household income in Allison Island is $210K.
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, FL?
What are the most popular neighborhoods near Allison Island, Miami, FL?
Home Trends in Allison Island, FL
On average, homes in Allison Island, Miami sell after 54 days on the market compared to the national average of 52 days. The median sale price for homes in Allison Island, Miami over the last 12 months is $10,187,500, up 198% from the median home sale price over the previous 12 months.
Median Sale Price
$10,187,500
Median Single Family Sale Price
$16,500,000
Median Townhouse Sale Price
$3,638,750
Median 2 Bedroom Sale Price
$1,412,500
Average Price Per Sq Ft
$1,795
Number of Homes for Sale
9
Last 12 months Home Sales
6
Median List Price
$4,650,000
Median Change From 1st List Price
13%
Median Home Sale Price YoY Change
198%