Island Terrace 5 Island Ave Unit 5J Miami Beach, FL 33139
Venetian Islands NeighborhoodEstimated payment $5,256/month
Total Views
430
1
Bed
1.5
Baths
985
Sq Ft
$553
Price per Sq Ft
Highlights
- Doorman
- Property Fronts a Bay or Harbor
- Wood Flooring
- North Beach Elementary School Rated A-
- Fitness Center
- 2-minute walk to Belle Isle Park
About This Home
Best value on Belle Island! Rare corner 1BD/1.5BA (985 Sq.Ft.) featuring European kitchen with SS appliances & quartz counters, wood floors, custom closets, spa-like bath, powder room, spacious terrace with bay/park views, and brand-new impact windows. Across from the Standard Hotel and walking distance to Sunset Harbour, Lincoln Rd, dining, fitness studios & markets. Easy access to Miami via Venetian Causeway. Must see! There is a special assessment of $633.54 that must be paid each month until January 2028.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,515
Year Built
- Built in 1967
Lot Details
- Property Fronts a Bay or Harbor
- East Facing Home
HOA Fees
- $1,582 Monthly HOA Fees
Parking
- 1 Car Garage
- Secured Garage or Parking
- Assigned Parking
Property Views
- Garden
Interior Spaces
- 985 Sq Ft Home
- Blinds
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Microwave
- Dishwasher
- Cooking Island
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- Dual Sinks
- Shower Only
Home Security
Schools
- North Beach Elementary School
- Nautilus Middle School
- Miami Beach High School
Additional Features
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-32-33-044-0380
Community Details
Overview
- High-Rise Condominium
- Island Terrace Condos
- Island Terrace Condo Subdivision
- 16-Story Property
Amenities
- Doorman
- Bike Room
Recreation
Pet Policy
- No Pets Allowed
Security
- Secure Elevator
- Fire and Smoke Detector
Map
About Island Terrace
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Home Values in the Area
Average Home Value in this Area
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 | $8,778 | $472,583 | -- | -- |
| 2024 | $7,973 | $464,143 | -- | -- |
| 2023 | $7,973 | $421,949 | $0 | $0 |
| 2022 | $2,997 | $200,739 | $0 | $0 |
| 2021 | $2,973 | $194,893 | $0 | $0 |
| 2020 | $2,931 | $192,203 | $0 | $0 |
| 2019 | $2,851 | $187,882 | $0 | $0 |
| 2018 | $2,695 | $184,379 | $0 | $0 |
| 2017 | $2,662 | $180,587 | $0 | $0 |
| 2016 | $2,647 | $176,873 | $0 | $0 |
| 2015 | $2,680 | $175,644 | $0 | $0 |
| 2014 | $2,724 | $174,250 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | For Sale | $545,000 | +5.3% | $553 / Sq Ft |
| 03/07/2022 03/07/22 | Sold | $517,500 | -1.4% | $525 / Sq Ft |
| 02/16/2022 02/16/22 | Pending | -- | -- | -- |
| 06/14/2021 06/14/21 | Price Changed | $525,000 | +11.9% | $533 / Sq Ft |
| 06/14/2021 06/14/21 | For Sale | $469,000 | -9.4% | $476 / Sq Ft |
| 05/19/2021 05/19/21 | Off Market | $517,500 | -- | -- |
| 03/09/2021 03/09/21 | For Sale | $469,000 | -9.4% | $476 / Sq Ft |
| 03/07/2021 03/07/21 | Off Market | $517,500 | -- | -- |
| 09/08/2020 09/08/20 | Price Changed | $469,000 | -0.8% | $476 / Sq Ft |
| 08/24/2020 08/24/20 | Price Changed | $473,000 | -0.4% | $480 / Sq Ft |
| 08/14/2020 08/14/20 | Price Changed | $475,000 | -0.8% | $482 / Sq Ft |
| 08/10/2020 08/10/20 | Price Changed | $479,000 | -0.2% | $486 / Sq Ft |
| 07/21/2020 07/21/20 | Price Changed | $480,000 | -1.0% | $487 / Sq Ft |
| 01/11/2020 01/11/20 | For Sale | $485,000 | -- | $492 / Sq Ft |
Source: MIAMI REALTORS® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $517,500 | Sunbelt Title | |
| Warranty Deed | $200,000 | Attorney | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $360,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $30,000 | Credit Line Revolving |
Source: Public Records
About the Listing Agent
Whether you're a first-time home buyer in search of your dream home, a seller looking to downsize, or an investor seeking a great opportunity, working with Nicolas, a dedicated real estate professional, can make all the difference. He delivers unmatched customer service, and his genuine desire to see your property goals come true makes him the go-to resource for all your real estate needs. For sellers, Nicolas takes full advantage of Coldwell Banker's® marketing tools to ensure that your
Nicolas' Other Listings
-
$1,200,000 Sold Jun 30, 2025
- 2 Beds
- 2.5 Baths
- 1,500 Sq Ft
- 200 Biscayne Boulevard Way
- Unit 5007
- Miami, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11866702
APN: 02-3233-044-0380
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