NOT LISTED FOR SALE

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

Venetian Islands Neighborhood

Estimated Value: $548,000 - $768,000

1 Bed
1 Bath
950 Sq Ft
$680/mo HOA Fee

Last Sold August 31, 2021

Last sale price $525,000 $553 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,089/month

97 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Newly Remodeled
  • North Beach Elementary School Rated A-
  • Fitness Center
  • 2-minute walk to Belle Isle Park

About This Home

As of August 2021

Stunning Biscayne Bay views from this contemporary fully renovated unit with high ceilings (9,5ft) / including new impact windows. Located on Hot Belle Isle, steps away from The Standard, Sunset Harbor, Lincoln road Mall, chic restaurants and shops.
Don't miss the 3D Virtual Tour

Last Agent to Sell the Property

Bill Hahne

Coldwell Banker Realty License #0688245 Listed on: 05/07/2021

Coldwell Banker Realty

Last Buyer's Agent

Jeffrey Rodriguez

ASLO Real Estate License #3496188

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,672

Year Built

  • Built in 1967 | Newly Remodeled

Lot Details

  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • Southeast Facing Home

HOA Fees

  • $680 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Interior Spaces

  • 950 Sq Ft Home
  • Built-In Features
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Home Security

Outdoor Features

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-044-1360

Community Details

Overview

  • Island Terrace Condos
  • Island Terrace Condo Subdivision, Best Corner Floorplan
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 16-Story Property

Amenities

  • Doorman
  • Laundry Facilities
  • Bike Room

Recreation

Pet Policy

  • Dogs Allowed

Building Details

Security

  • Card or Code Access
  • Secure Elevator
  • Clear Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,672

Year Built

Built in 1967 | Newly Remodeled

Lot Details

0

HOA Fees

$680 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Property Sub Type: Condominium
  • Entry Level: 16
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • Master Model: Best Corner
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: ISLAND TERRACE CONDO
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Built-in Features, Closet Cabinetry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 950
  • Possible Use: Unknown/Withheld
  • Stories: 16
  • Window Features: Clear Impact Glass
  • Bedroom Features: Entry Level

Exterior Features

  • View: Bay, Intracoastal View
  • Exterior Features: Other, Open Balcony
  • Direction Faces: Southeast
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Island Terrace
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Fire Alarm, Doorman, Elevator Secure, Card Entry

Condo/Co-op/Association

  • Association Fee: 680
  • Amenities: Bike Storage, Laundry, Exercise Room, Heated Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-33-044-1360
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Multi Family

  • Maintenance Expense: 680

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5672

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2022
Sold by
Teddy Bear Sunflower Co
Bought by
Teddy Sunflower Llc
Current Estimated Value
$659,609

Purchase Details

Listed on
May 7, 2021
Closed on
Aug 30, 2021
Sold by
Fabbrizio Nicolo
Bought by
Teddy Bear Sunflower Co
Seller's Agent
Bill Hahne
Coldwell Banker Realty
Buyer's Agent
Jeffrey Rodriguez
ASLO Real Estate
List Price
$595,000
Sold Price
$525,000
Premium/Discount to List
-$70,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%

Purchase Details

Listed on
Nov 18, 2015
Closed on
Mar 21, 2016
Sold by
Young Michael J and Randall Sobocinski J
Bought by
Fabbrizio Nicolo
Seller's Agent
Nancy Batchelor
Compass Florida, LLC.
Buyer's Agent
Anna Karan
One Sotheby's International Realty
List Price
$475,000
Sold Price
$425,000
Premium/Discount to List
-$50,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$300,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2003
Sold by
Gyde Holly M and Costaragni Mark
Bought by
Young Michael J and Randall Sobocinski J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 17, 2000
Sold by
Ziotas Paul
Bought by
Gyde Holly M and Costaregni Mark

Purchase Details

Closed on
May 18, 2000
Sold by
Alvarez Tania M
Bought by
Ziotas Paul
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Teddy Sunflower Llc -- --
Teddy Bear Sunflower Co $525,000 Attorney
Fabbrizio Nicolo $425,000 Attorney
Young Michael J $245,000 --
Gyde Holly M $190,000 --
Ziotas Paul $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fabbrizio Nicolo $300,000
Previous Owner Young Michael J $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $525,000 -11.8% $553 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $595,000 0.0% $626 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $595,000 +40.0% $626 / Sq Ft
03/23/2016 03/23/16 Sold $425,000 -10.5% $447 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
11/18/2015 11/18/15 For Sale $475,000 -- $500 / 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 $5,940 $307,650 $0 $0
2020 $5,672 $293,000 $0 $0
2019 $6,104 $315,000 $0 $0
2018 $6,016 $319,939 $0 $0
2017 $5,802 $304,704 $0 $0
2016 $5,236 $260,316 $0 $0
2015 $5,055 $236,651 $0 $0
2014 $4,402 $215,138 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Hahne

    Seller's Agent in 2021

    Bill Hahne

    Coldwell Banker Realty

    (954) 288-6020

    48 in this area

    66 Total Sales

    Section Image

  • J

    Buyer's Agent in 2021

    Jeffrey Rodriguez

    ASLO Real Estate

    (305) 333-7567

    3 in this area

    14 Total Sales

    Section Image
  • Nancy Batchelor

    Seller's Agent in 2016

    Nancy Batchelor

    Compass Florida, LLC.

    (786) 578-4122

    13 in this area

    407 Total Sales

    Section Image

  • E

    Seller Co-Listing Agent in 2016

    Ernesto Mendoza

    BHHS EWM Realty

    (917) 405-5028

    1 in this area

    27 Total Sales

    Section Image
  • Anna Karan

    Buyer's Agent in 2016

    Anna Karan

    One Sotheby's International Realty

    (305) 934-6534

    28 Total Sales

    Section Image
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About Island Terrace

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11038958

MIAMI REALTORS® MLS

APN: 02-3233-044-1360

Florida Miami/Dade County Miami Beach 33139 Venetian Islands

5 Island Ave Unit 16G, Miami Beach, FL

This home is located at 5 Island Ave Unit 16G, Miami Beach, FL 33139 since 07 May 2021 and is currently estimated at $637,415, approximately $670 per square foot. This property was built in 1967. 5 Island Ave Unit 16G 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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