$534,000 - $620,000
RENTED JAN 27, 2025

Island Terrace 5 Island Ave Unit 16E Miami Beach, FL 33139

Venetian Islands Neighborhood
1 Bed
1.5 Baths
950 Sq Ft
1967 Built

Last Sold May 15, 2024

Last sale price $570,000 $600 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,138/month

Highlights

  • Ocean View
  • Property Fronts a Bay or Harbor
  • In Ground Pool
  • North Beach Elementary School Rated A-
  • Fitness Center
  • 2-minute walk to Belle Isle Park

About This Home

As of January 2025

Come home to enjoy awe-inspiring and unobstructed Bay Views from every corner of this unit. Spacious 1 bedroom 1.5 bath apartment with over 950 sq. ft. Boutique building with 4-hr concierge, pool & gym. Situated at the coveted Venetian Islands across park W/kids & dogs play areas and the Sandanrd Hotel. Exceptional location close to Sunset Harbour,Design District, world-class shopping, dining & beaches.

Last Agent to Rent the Property

Pili Gomez

Luxe Living Realty License #3197757 Listed on: 07/17/2024

Luxe Living Realty

Last Renter's Agent

Tia Dupont

Florida Realty of Miami Corp License #3563636

Florida Realty of Miami Corp

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,568

Year Built

  • Built in 1967

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

Interior Spaces

  • 950 Sq Ft Home
  • Built-In Features
  • Den

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • Shower Only

Additional Features

  • Accessible Elevator Installed
  • In Ground Pool
  • Property Fronts a Bay or Harbor
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 7/17/24
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 02-32-33-044-1340

Community Details

Overview

  • No Home Owners Association
  • Island Terrace Condo
  • Island Terrace Condo Subdivision
  • Maintained Community
  • 16-Story Property

Amenities

  • Community Center
  • Laundry Facilities

Recreation

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$9,568

Year Built

Built in 1967

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2024-07-17
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1967
  • Property Sub Type: Condominium
  • Entry Level: 16
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 16
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: ISLAND TERRACE CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 16

Interior Features

  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator, Other, Walk-In Closet(s), Den/Library/Office
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Furnished: Unfurnished
  • Living Area: 950
  • Stories: 16
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower
  • Living Room Features: Den/Library/Office, Other

Exterior Features

  • View: Bay, Ocean, Other
  • Exterior Features: Other
  • Pool Features: In Ground, Other
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: ISLAND TERRACE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Activity Room, Community Pool, Exercise Room, Laundry Facility, Maintained Community
  • Association: No
  • Community Features: Pool, Exercise Room, Maintained Community, Street Lights

Lot Info

  • Parcel Number: 02-32-33-044-1340
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2024
Closed on
May 14, 2024
Sold by
Sternweis Kenneth J
Bought by
Marvila26 Llc
Seller's Agent
Barbi Triana
Keller Williams Eagle Realty
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$589,999
Sold Price
$570,000
Premium/Discount to List
-$19,999
-3.39%
Views
13
Current Estimated Value
$603,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,896
Avg. Annual Appreciation
2.36%

Purchase Details

Closed on
Dec 16, 2022
Sold by
Bates John W
Bought by
Sternweis Kenneth J
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marvila26 Llc $570,000 Pinnacle Title
Sternweis Kenneth J -- --
Sternweis Kenneth J -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2025 01/27/25 Rented $3,500 -2.8% --
12/12/2024 12/12/24 Price Changed $3,600 -5.0% $4 / Sq Ft
11/19/2024 11/19/24 Price Changed $3,790 -4.1% $4 / Sq Ft
10/28/2024 10/28/24 Price Changed $3,950 -3.7% $4 / Sq Ft
08/26/2024 08/26/24 Price Changed $4,100 -8.9% $4 / Sq Ft
07/18/2024 07/18/24 For Rent $4,500 0.0% --
05/15/2024 05/15/24 Sold $570,000 -3.4% $600 / Sq Ft
04/06/2024 04/06/24 For Sale $589,999 -- $621 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,568 $515,129 -- --
2024 $8,691 $505,930 -- --
2023 $8,691 $459,937 $0 $0
2022 $6,648 $353,798 $0 $0
2021 $1,486 $117,866 $0 $0
2020 $1,461 $116,239 $0 $0
2019 $1,412 $113,626 $0 $0
2018 $1,325 $111,508 $0 $0
2017 $1,302 $109,215 $0 $0
2016 $1,290 $106,969 $0 $0
2015 $1,304 $106,226 $0 $0
2014 $1,325 $105,383 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pili Gomez

    Landlord's Agent in 2025

    Pili Gomez

    Luxe Living Realty

    (305) 535-6005

    6 in this area

    37 Total Sales

    Pili Gomez
    Section Image

  • T

    Tenant's Agent in 2025

    Tia Dupont

    Florida Realty of Miami

    (856) 685-0415

    1 Total Sale

    Tia Dupont
    Section Image
  • Barbi Triana

    Seller's Agent in 2024

    Barbi Triana

    Keller Williams Eagle Realty

    (305) 206-8818

    1 in this area

    7 Total Sales

    Barbi Triana
    Section Image

  • N

    Buyer's Agent in 2024

    NON-MLS MEMBER

    MAR NON MLS MEMBER

See All Agents

About Island Terrace

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11625002

MIAMI REALTORS® MLS

APN: 02-3233-044-1340

Florida Miami/Dade County Miami Beach 33139 Venetian Islands

5 Island Ave Unit 16E, Miami Beach, FL

This home is located at 5 Island Ave Unit 16E, Miami Beach, FL 33139 since 17 July 2024 and is currently priced at $586,020. This property was built in 1967. 5 Island Ave Unit 16E is a home located in Miami-Dade County with nearby schools including North Beach Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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