How do I schedule a tour of 5 Island Avenue 12B, Miami Beach, FL 33139?

Use the Tour button on this listing to request a showing of 5 Island Avenue 12B, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.

Is 5 Island Avenue 12B, Miami Beach, FL 33139 still available?

5 Island Avenue 12B, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 4 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 5 Island Avenue 12B, Miami Beach, FL 33139?

With 20% down ($89,800) on the $449,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5 Island Avenue 12B, Miami Beach, FL 33139 is about $2,360/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 5 Island Avenue 12B, Miami Beach, FL 33139?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5 Island Avenue 12B, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.

Does 5 Island Avenue 12B, Miami Beach, FL 33139 have an HOA fee?

Yes: 5 Island Avenue 12B, Miami Beach, FL 33139 carries an HOA fee of about $1,471 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.

What schools serve 5 Island Avenue 12B, Miami Beach, FL 33139?

5 Island Avenue 12B, Miami Beach, FL 33139 is zoned for North Beach (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 5 Island Avenue 12B, Miami Beach, FL 33139?

Often, yes. The right offer on 5 Island Avenue 12B, Miami Beach, FL 33139 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Active

4 Days on Market

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$449,000

5 Island Avenue 12B

Miami Beach, FL 33139

ISLAND TERRACE CONDO

Explore the area: Miami Beach homes for sale · Miami Dade County real estate

Price Check

How this price compares

List price: $449,000
Price per sq ft: $473
Original price: $485,000
Days on market: 4

This 1-bedroom condo in Island Terrace Condo is listed at $449,000, or $473 per square foot. The asking price has come down 7.4% from its original $485,000. It has been on the market for 4 days.

Bedrooms

Bathrooms

950

Living Sq Ft

1967

Year Built

Estimated monthly payment

$2,360 /mo

Principal and interest only, based on $89,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,471/mo HOA are not included.

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Listing Snapshot

Price: $449,000
Days on Site: 4 Days
Bedrooms: 1
Total Baths: 1
Full Baths: 1
Partial Baths: 0
Living Area: 950 sqft
Total Sq Ft: 950 sqft
Year Built: 1967
Property Type: Condo
MLS #: A12118017
Property Tax: $8,512 (2026)
HOA Fees: $1,471 / Monthly
Subdivision: ISLAND TERRACE CONDO
County: Miami Dade
Status: Active

About This Property

This beautiful 12th floor unit has stunning views, one large bedroom, 3 closets, one full bathroom and one (1/2 bathroom/sink). A bright, renovated condo with new floors, AC unit, kitchen appliances, hurricane prooof windows and sliding door. Entry way has a closet and large living and dining room hosts a bar area. sland Terrace has a gorgeous pool and terrace overlooking Miami Bay, a renovated gym, community room, updated lobby and hallways, 24 hour security and an under cover designated parking spot. The unit is on Belle Isle, on the Venetian Way across from The famous Standard hotel. A quick walk to Sunset Harbor where you can find top restaurants, fitness facilities, shops, grocery stores and one of the best bakeries in South florida!

MLS media link

General Features

Property Type: Condo
Status: Active
Year Built: 1967
Property Condition: Resale
Number of Stories: 16
Garage Spaces: 1
Attached Garage: Yes
Parking: Attached / Garage
Living Sq Ft: 950
Total Sq Ft: 950

Interior Features

Appliances: Dishwasher / Electric Range / Electric Water Heater / Free Standing Freezer / Disposal / Oven / Refrigerator
Cooling: Central Air
Heating: Central
Flooring: Concrete / Ceramic Tile
Interior Features: Built In Features / Closet Cabinetry / Entrance Foyer / Elevator / Main Level Primary / Separate Shower
Laundry: Washer Hookup / Dryer Hookup
Total Rooms: 3

Exterior Features

Construction: Block
Exterior Features: Balcony / Lighting / Outdoor Living Area / Other
Pool Features: Association / Heated
Patio & Porch: Open / Balcony
Waterfront: Yes
Waterfront Features: Bayfront
View: Bay / Skyline

Community & HOA

HOA Fee: $1,471 / Monthly
HOA Includes: Common Areas / Insurance / Maintenance Grounds / Maintenance Structure / Pest Control / Pools / Recreation Facilities / Reserve Fund / Roof
Association Amenities: Clubhouse / Fitness Center / Maintenance Grounds / Laundry / Management / Picnic Area / Pool / Parking / Elevators
Security: Elevator Secured / Fire Alarm / Fire Sprinkler System / Lobby Secured / Smoke Detectors / Security Guard
Pets Allowed: No
Financing Terms: Conventional / FHA / Other
Restrictions: Other Restrictions
MLS Area: 2320

This home's HOA fee works out to $1,471 a month, in line with the $1,471 median across 9 homes for sale in Island Terrace Condo. See Island Terrace Condo HOA fees

Schools

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

About the Community

Island Terrace

View Community Details →

Island Terrace Condo is an age-restricted 55+ community in Miami Beach, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $459,000 to $1,300,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Island Terrace and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Homes for Sale: 6
Median List Price: $458,500
Median $/Sq Ft: $483
Avg Days on Market: 91

View all 6 homes for sale in Island Terrace →

Frequently Asked Questions

How do I schedule a tour of 5 Island Avenue 12B, Miami Beach, FL 33139?: Use the Tour button on this listing to request a showing of 5 Island Avenue 12B, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 5 Island Avenue 12B, Miami Beach, FL 33139 still available?: 5 Island Avenue 12B, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 4 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 5 Island Avenue 12B, Miami Beach, FL 33139?: With 20% down ($89,800) on the $449,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5 Island Avenue 12B, Miami Beach, FL 33139 is about $2,360/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 5 Island Avenue 12B, Miami Beach, FL 33139?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5 Island Avenue 12B, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 5 Island Avenue 12B, Miami Beach, FL 33139 have an HOA fee?: Yes: 5 Island Avenue 12B, Miami Beach, FL 33139 carries an HOA fee of about $1,471 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 5 Island Avenue 12B, Miami Beach, FL 33139?: 5 Island Avenue 12B, Miami Beach, FL 33139 is zoned for North Beach (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 5 Island Avenue 12B, Miami Beach, FL 33139?: Often, yes. The right offer on 5 Island Avenue 12B, Miami Beach, FL 33139 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of Beycome of Florida LLC

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 14, 2026.

$449,000

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Listed by Steven Koleno, Beycome of Florida LLC

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Recently sold homes in Island Terrace Condo

These are the last 5 recorded closings in Island Terrace Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $520 per square foot. The most recent closed on September 15, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.