$650,000
$50K PRICE DROP

Island Terrace 5 Island Ave Unit 4H Floor 4 Miami Beach, FL 33139

Venetian Islands Neighborhood

Estimated payment $6,188/month

Total Views 2,601
2 Beds
2 Baths
1,302 Sq Ft
$499 Price per Sq Ft

Highlights

  • Property Fronts a Bay or Harbor
  • Fitness Center
  • Community Pool
  • North Beach Elementary School Rated A-
  • End Unit
  • 2-minute walk to Belle Isle Park

About This Home

Stunning corner residence at Island Terrace with sweeping south and east views of Biscayne Bay and Belle Isle. This bright 2-bedroom, 2-bath home offers 1,302 SF with an open living/dining area, abundant natural light, and new paint and updated finishes. The spacious primary suite features ample closets and an updated bath. The second bedroom works perfectly for guests or a home office. Modern kitchen with updated appliances and plenty of storage. Island Terrace is a full-service bayfront building with doorman, heated pool, fitness center, secure lobby, and assigned parking. HOA includes water, sewer, trash, cable, and reserves. Located in the heart of Belle Isle with easy proximity to The Standard, Sunset Harbour, parks, cafés, shops, and the beach.

Listing Agent

Rebecca Patt

Avanti Way Realty LLC Brokerage Phone: 612-354-7400 License #3620188 Listed on: 07/22/2025

Avanti Way Realty LLC

Co-Listing Agent

Jennifer Wollmann

Avanti Way Commercial Brokerage Phone: 612-354-7400 License #0674769

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,691

Year Built

  • Built in 1967

Lot Details

  • Property Fronts a Bay or Harbor
  • End Unit

HOA Fees

  • $2,055 Monthly HOA Fees

Property Views

  • Garden

Home Design

  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,302 Sq Ft Home
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • 1 Car Parking Space
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Schools

  • North Beach Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-044-0270

Community Details

Overview

  • 120 Units
  • High-Rise Condominium
  • Island Terrace Condos
  • Island Terrace Condo Subdivision
  • 16-Story Property

Amenities

  • Trash Chute
  • Laundry Facilities
  • Elevator
  • Secure Lobby
  • Bike Room

Recreation

Pet Policy

  • Breed Restrictions

Security

  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,691

Year Built

Built in 1967

Lot Details

0

HOA Fees

$2,055 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Co List Office Mls Id: AVCM01
  • Co List Office Phone: 786-512-3745
  • Entry Level: 4
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: ISLAND TERRACE CONDO
  • Year Built Details: Condo-Conversion
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Attribution Contact: 612-354-7400
  • CurrentPrice: 650000
  • InternetRemarks: Stunning corner unit at Island Terrace with panoramic south and east-facing views of Biscayne Bay and Belle Isle Park.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Lobby, Other
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Living Area: 1302
  • Stories: 16
  • Bedroom Features: Primary Bath Shower

Exterior Features

  • View: Bay, Garden View, Skyline
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Disclosures: Disclosure
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Island Terrace
  • Parking Features: 1 Space, Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Lobby Secured

Condo/Co-op/Association

  • Association Fee: 2055
  • Amenities: Bike Storage, Laundry, Elevator(s), Exercise Room, Exterior Lighting, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Schools

  • Elementary School: North Beach
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-33-044-0270

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8691

Multi Family

  • Number Of Units In Community: 120
  • Number Of Units Total: 120

Map

About Island Terrace

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $8,691 $518,309 -- --
2024 $8,464 $503,702 -- --
2023 $8,464 $489,032 $0 $0
2022 $8,146 $474,789 $0 $0
2021 $7,972 $412,860 $0 $0
2020 $6,822 $393,200 $0 $0
2019 $6,829 $393,200 $0 $0
2018 $7,903 $461,305 $0 $0
2017 $7,835 $452,260 $0 $0
2016 $7,997 $452,260 $0 $0
2015 $8,960 $452,260 $0 $0
2014 $6,326 $287,727 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2025 11/13/25 Price Changed $4,700 -6.0% $4 / Sq Ft
09/20/2025 09/20/25 For Rent $5,000 0.0% --
09/19/2025 09/19/25 Price Changed $650,000 -7.1% $499 / Sq Ft
07/22/2025 07/22/25 For Sale $700,000 +32.1% $538 / Sq Ft
04/23/2021 04/23/21 Sold $530,000 -0.9% $407 / Sq Ft View Prior Sale
03/04/2021 03/04/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $535,000 +0.9% $411 / Sq Ft
02/28/2021 02/28/21 Off Market $530,000 -- --
02/11/2021 02/11/21 For Sale $535,000 +28.5% $411 / Sq Ft
02/28/2014 02/28/14 Sold $416,500 -7.2% $320 / Sq Ft View Prior Sale
01/30/2014 01/30/14 Pending -- -- --
12/02/2013 12/02/13 Price Changed $449,000 -4.3% $345 / Sq Ft
10/24/2013 10/24/13 For Sale $469,000 -- $360 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $530,000 Florida Ttl & Guarantee Agcy
Warranty Deed $416,500 Attorney
Personal Reps Deed $275,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $424,000 New Conventional
Previous Owner $333,200 Adjustable Rate Mortgage/ARM
Previous Owner $220,000 Unknown
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11845073

MIAMI REALTORS® MLS

APN: 02-3233-044-0270

Florida Miami/Dade County Miami Beach 33139 Venetian Islands

5 Island Ave Unit 4H, Miami Beach, FL

For Sale

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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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Listing Agent
Rebecca Patt
Section Image
Avanti Way Realty LLC
(786) 733-6911