$700,000

Estimated payment $6,586/month

Total Views 1,269
2 Beds
2 Baths
1,302 Sq Ft
$538 Price per Sq Ft

Highlights

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

About This Home

Stunning Corner Unit at Island Terrace!

Enjoy breathtaking south and east-facing views of Biscayne Bay and Belle Isle Park from this 2-bedroom, 2-bath corner unit at 5 Island Ave #4H.

This inviting unit features:

Bright, open living area with abundant natural light.
Updated impact windows.
Modern kitchen with ample storage and sleek finishes.
Primary bedroom with en-suite bath.
Versatile second bedroom and bath for guests or a home office.

Island Terrace offers a bayfront pool, fitness center, 24-hour secured lobby, and assigned parking. Located in desirable Belle Isle, you're steps from Sunset Harbour’s restaurants, cafes, and shops—and a short walk to Lincoln Road and the beach.

Don’t miss this opportunity to own a slice of paradise in Miami 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

HOA Fees

  • $2,055 Monthly HOA Fees

Property Views

  • Garden

Home Design

  • 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
  • Shower Only

Home Security

Parking

  • 1 Car Parking Space
  • Assigned Parking

Schools

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

Additional Features

  • Property Fronts a Bay or Harbor
  • 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
  • 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

Multi Family

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

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8691

Map

Range of Values:

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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 Change Sq Ft Price
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
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
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

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Source: MIAMI REALTORS® MLS

MLS Number: A11845073

MIAMI REALTORS® MLS

APN: 02-3233-044-0270