NOT LISTED FOR SALE

Island Terrace 5 Island Ave Miami Beach, FL 33139

Venetian Islands Neighborhood

Estimated Value: $538,000 - $549,005

1 Bed
2 Baths
950 Sq Ft
1967 Built

Highlights

  • Full Time Lobby Attendant
  • Property Fronts a Bay or Harbor
  • Building Security
  • North Beach Elementary School Rated A-
  • Fitness Center
  • 2-minute walk to Belle Isle Park

About This Home

As of December 2017

Enjoy island living in this sophisticated oversized 950 SF fully furnished 1 bedroom / 2 bath apartment with bay and pool views. You can watch the cruise ships pass by from the open balcony, from the living room or from the bedroom. The large master bedroom has double pocket doors that open to the living room and the walk-in closet has custom built-ins offering tons of storage space. Unit offers two full baths, hurricane impact sliding doors and windows, and full kitchen. The apartment comes with one covered parking space. Island Terrace is a small, quiet building with a gym, a newly renovated heated bayside pool and patio area with new furniture and umbrellas, and a 24-hour doorman. Walk to Standard Hotel, Sunset Harbour shops and restaurant and Lincoln Road in minutes.

Last Agent to Rent the Property

Scott Diffenderfer

Compass Florida, LLC License #3094274 Listed on: 10/17/2017

Compass Florida, LLC

Last Renter's Agent

Reid Heidenry

One Sotheby's International Re License #3194322

One Sotheby's International Re

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,470

Year Built

  • Built in 1967

Lot Details

  • Property Fronts a Bay or Harbor
  • South Facing Home

Parking

  • 1 Car Attached Garage

Property Views

Home Design

  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 950 Sq Ft Home
  • Furnished
  • Drapes & Rods
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Self-Cleaning Oven
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Pool

  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Seawall
  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 10/16/17
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 02-32-33-044-0350

Community Details

Overview

  • No Home Owners Association
  • High-Rise Condominium
  • Island Terrace Condo
  • Island Terrace Condo Subdivision
  • 16-Story Property

Amenities

  • Full Time Lobby Attendant
  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Building Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$9,470

Year Built

Built in 1967

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions
  • Available Date: 2017-10-16
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1967
  • Property Sub Type: Condominium
  • Architectural Style: First Floor Entry, High Rise
  • Directions: Alton Road to 17th Street. Head West until 17th turns into Venetian Way. Continue past Belle Isle Park on the left and turn left on Island Avenue. 5 Island Avenue (Island Terrace) is the 2nd building on the right.
  • Entry Level: 5
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 16
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: ISLAND TERRACE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Stories: 16

Interior Features

  • Appliances: Dishwasher, Ice Maker, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Closet Cabinetry, Walk-In Closet(s)
  • Spa Yn: No
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Other, Tile
  • Furnished: Furnished
  • Living Area: 950
  • Stories: 16
  • Window Features: Clear Impact Glass, Complete Impact Glass, Drapes, High Impact Windows, Impact Glass
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Bay, Pool, Water
  • Exterior Features: Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Porch/Balcony, Open Balcony
  • Pool Features: Community, Heated
  • Pool Private: No
  • Property Condition: Completely Renovated
  • View: Yes
  • Waterfront Features: Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: ISLAND TERRACE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Alarm, Key Card Entry, Building Security, Lobby Attended

Condo/Co-op/Association

  • Amenities: Community Pool, Elevator(s), Exercise Room, Laundry Facility, Management On Site
  • Association: No

Lot Info

  • Parcel Number: 02-32-33-044-0350
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Rohr Iii Harrison S
Bought by
Jones Krystina
Current Estimated Value
$543,251

Purchase Details

Closed on
Feb 4, 2019
Sold by
Burg Maurice B and Burg Ruth C
Bought by
Rohr Harrison S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,100
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2014
Sold by
Karlock Madison Kent
Bought by
Burg Maurice B and Burg Ruth C

Purchase Details

Closed on
Jun 20, 2013
Sold by
Collins Kara
Bought by
Karlock Madison Kent

Purchase Details

Closed on
May 9, 2008
Sold by
Fraiman Moises and Fraiman Frida
Bought by
Collins Kara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,100
Interest Rate
5.86%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Jones Krystina $565,000 Balzli & Associates
Rohr Harrison S $399,000 Attorney
Burg Maurice B $423,000 Attorney
Karlock Madison Kent $280,000 Attorney
Collins Kara $259,000 Statewide Title Svcs Fl Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rohr Harrison S $359,100
Previous Owner Collins Kara $233,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2018 01/03/18 Under Contract -- -- --
12/15/2017 12/15/17 Rented $2,300 -11.5% --
10/16/2017 10/16/17 For Rent $2,600 -- --
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 $9,470 $509,855 -- --
2024 $8,602 $500,750 -- --
2023 $8,602 $455,228 $0 $0
2022 $4,916 $302,881 $0 $0
2021 $4,888 $294,060 $0 $0
2020 $4,825 $290,000 $0 $0
2019 $4,777 $287,305 $0 $0
2018 $4,530 $281,948 $0 $0
2017 $4,481 $276,149 $0 $0
2016 $4,466 $270,470 $0 $0
2015 $4,558 $270,470 $0 $0
2014 $4,227 $208,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Diffenderfer

    Landlord's Agent in 2017

    Scott Diffenderfer

    Compass Florida, LLC

    (305) 458-3334

    31 in this area

    50 Total Sales

    Scott Diffenderfer
    Section Image
  • Reid Heidenry

    Tenant's Agent in 2017

    Reid Heidenry

    One Sotheby's International Re

    (305) 942-7302

    7 in this area

    87 Total Sales

    Reid Heidenry
    Section Image
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About Island Terrace

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10356890

MIAMI REALTORS® MLS

APN: 02-3233-044-1200

Florida Miami/Dade County Miami Beach 33139 Venetian Islands

5 Island Ave, Miami Beach, FL

This home is located at 5 Island Ave, Miami Beach, FL 33139 since 17 October 2017 and is currently priced at $543,251. This property was built in 1967. 5 Island Ave 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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