NOT LISTED FOR SALE

Island Terrace 5 Island Ave Unit 2E Miami Beach, FL 33139

Venetian Islands Neighborhood

Estimated Value: $490,000 - $685,000

1 Bed
1 Bath
950 Sq Ft
1967 Built

Sale Details

Date Sold: February 14, 2022

Last sale price $565,000 $595 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,789 / mo

52 Days on Market

Highlights

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

About This Home

As of February 2022

WARM IN NATURAL HUES, ! bedroom Furnished in a ’’Beach Style’’ unit at the Venetian Islands. Very spacious with 1050Sq Ft with Bay Views. Customized kitchen with SS appliances. Master bedroom overlooking Lush palm trees & Bay. Enjoy the Beach lifestyle Close to , Restaurants, free market, juceiries Downtown, Wynwood & the Design District. ideal location in South Beach with its Sand, Sun, Dining, Nightlife and more. There is 24/7 FrontDesk, 1 Assigned parking, Fully updated Fitness Room & Pool. across the street from the standard. Ready to move in. WIFI and CABLE INCLUDED

Last Agent to Sell the Property

Pili Gomez

Luxe Living Realty License #3197757 Listed on: 12/06/2021

Luxe Living Realty

Last Buyer's Agent

Hayden Lowrey

London Foster Realty License #3409065

London Foster Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,218

Year Built

  • Built in 1967

Parking

  • 1 Car Garage

Property Views

Home Design

  • Entry on the 2nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 950 Sq Ft Home
  • Custom Mirrors
  • Built-In Features
  • Blinds
  • Combination Dining and Living Room
  • Vinyl Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom
  • Dual Sinks
  • Shower
  • Primary Bathroom includes a Walk-In Shower

Home Security

Outdoor Features

  • Unrestricted saltwater access
  • Exterior Lighting

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-044-0080

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Community
  • Island Terrace Condos
  • Island Terrace Condo Subdivision
  • 15-Story Property

Amenities

  • Doorman
  • Secure Lobby
  • Elevator

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

  • Maintenance Expense $748

Security

  • Card or Code Access
  • Secure Elevator
  • Complete Panel Shutters or Awnings
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,218

Year Built

Built in 1967

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 2
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other,Unrestricted Salt Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Efficiency, Condo
  • Subdivision Name: ISLAND TERRACE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Other Equipment/Appliances, Electric Range, Refrigerator
  • Interior Amenities: Lobby, First Floor Entry, Built-in Features, Closet Cabinetry, Custom Mirrors, Elevator, Other
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Vinyl
  • Furnished: Unfurnished
  • Living Area: 950
  • Other Equipment: Elevator
  • Possible Use: Secondary
  • Stories: 15
  • Window Features: Complete Panel Shutters/Awnings, Blinds
  • Bedroom Features: Master Bath Shower, Other
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Other
  • Master Bathroom Features: Dual Sinks, Shower Only

Exterior Features

  • View: Bay, Ocean View, Other View
  • Exterior Features: Other, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Island Terrace
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Card Entry, Lobby Secured, Other

Condo/Co-op/Association

  • Amenities: Elevator(s), Exercise Room, Exterior Lighting, Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-33-044-0080
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5218

Multi Family

  • Maintenance Expense: 748

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2021
Closed on
Feb 12, 2022
Sold by
Bought by
Seller's Agent
Pili Gomez
Luxe Living Realty
Buyer's Agent
Hayden Lowrey
London Foster Realty
List Price
$585,000
Sold Price
$565,000
Premium/Discount to List
-$20,000
-3.42%
Current Estimated Value
$587,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,618
Avg. Annual Appreciation
0.89%
Original Mortgage
$536,700
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 29, 2020
Closed on
Jul 2, 2020
Sold by
Bought by
Seller's Agent
Gary Palanque
Consultants Immobilier Inc
Buyer's Agent
Pili Gomez
Luxe Living Realty
List Price
$310,000
Sold Price
$270,000
Premium/Discount to List
-$40,000
-12.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.19%

Purchase Details

Closed on
Nov 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,700
Interest Rate
0.0095%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 13, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,750
Interest Rate
0.0608%

Purchase Details

Closed on
May 18, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$565,000 Gibraltar Title
$270,000 Pinnacle Title Group Llc
$255,000 Title Executives Broward Inc
$145,000 --
$70,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $536,700
Previous Owner $165,700
Previous Owner $137,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2022 02/14/22 Sold $565,000 -3.4% $595 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
12/06/2021 12/06/21 For Sale $585,000 +116.7% $616 / Sq Ft
07/07/2020 07/07/20 Sold $270,000 -12.9% $284 / Sq Ft View Prior Sale
04/29/2020 04/29/20 For Sale $310,000 -- $326 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,046 $428,243
2024 $6,858 $416,174
2023 $6,858 $404,053 $0 $0
2022 $5,675 $297,297 $0 $0
2021 $5,218 $270,270 $0 $0
2020 $4,983 $257,400 $0 $0
2019 $5,471 $282,300 $0 $0
2018 $5,477 $292,851 $0 $0
2017 $5,131 $263,961 $0 $0
2016 $5,307 $239,965 $0 $0
2015 $4,660 $218,150 $0 $0
2014 $4,058 $198,319 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pili Gomez

    Seller's Agent in 2022

    Pili Gomez

    Luxe Living Realty

    (305) 535-6005

    4 in this area

    30 Total Sales

    Pili Gomez
    Section Image
  • Hayden Lowrey

    Buyer's Agent in 2022

    Hayden Lowrey

    London Foster Realty

    (305) 439-3205

    2 in this area

    13 Total Sales

    Hayden Lowrey
    Section Image
  • Gary Palanque

    Seller's Agent in 2020

    Gary Palanque

    Consultants Immobilier Inc

    (786) 381-6565

    12 Total Sales

    Gary Palanque
    Section Image
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About Island Terrace

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11132093

MIAMI REALTORS® MLS

APN: 02-3233-044-0080

Florida Miami/Dade County Miami Beach 33139 Venetian Islands

5 Island Ave Unit 2E, Miami Beach, FL

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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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