$575,000
Sold · April 28, 2026
5 Island Avenue 15G
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $575,000
- Vs. list price
- 9.4% under
- Days on market
- 78
- Price per sq ft
- $605
This 1-bedroom condo in Island Terrace Condo sold for $575,000 on April 28, 2026. That was 9.4% below its final list price of $635,000. It spent 78 days on the market. At $605 per square foot, it closed 17.2% above the $516 median of the 4 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $575,000
- Sold On
- April 28, 2026
- Days on Site
- 78 Days
- Bedrooms
- 1
- Total Baths
- 2
- Full Baths
- 1
- Partial Baths
- 1
- Living Area
- 950 sqft
- Total Sq Ft
- 950 sqft
- Year Built
- 1967
- Property Type
- Condo
- MLS #
- A11957477
- Property Tax
- $9,565 (2025)
- HOA Fees
- $1,536 / Monthly
- Subdivision
- ISLAND TERRACE CONDO
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Rarely available Lower Penthouse on Belle Isle offering jaw-dropping views of Biscayne Bay. This highly sought-after “G” Floor Plan in this charming Morris Lapidus boutique building features an oversized living room, spacious bedroom and walk-in closet. Enjoy tranquil bayfront pool days, a state-of-the-art gym, and endless vistas from your spacious terrace, day or night. Effortless condo living awaits in the heart of the island complemented by unrivaled proximity to The Standard Hotel & Spa, the Venetian Islands, Sunset Harbor Shops & Dining and more.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1967
- Number of Stories
- 16
- Garage Spaces
- 1
- Parking
- Attached Carport / Assigned / Carport
- Living Sq Ft
- 950
- Total Sq Ft
- 950
Interior Features
- Appliances
- Dryer / Dishwasher / Refrigerator / Washer
- Cooling
- Electric
- Heating
- Electric
- Flooring
- Clay / Other / Tile
- Interior Features
- Bedroom On Main Level / Living Dining Room / Main Level Primary / Separate Shower / Tub Shower
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- View
- Bay / Intercoastal / Water
Community & HOA
- HOA Fee
- $1,536 / Monthly
- HOA Includes
- Common Areas / Pools / Sewer / Trash / Water
- Association Amenities
- Bike Storage / Clubhouse / Maintenance Grounds / Pool / Parking / Elevators
- Security
- Key Card Entry / Lobby Secured
- Utilities
- Cable Available
- Pets Allowed
- Pet Restrictions / Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- MLS Area
- 2320
Schools
- Elementary School
- North Beach
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
About the Community
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
- 8
- Median List Price
- $469,500
- Median $/Sq Ft
- $494
- Avg Days on Market
- 102
Frequently Asked Questions
- How do I schedule a tour of 5 Island Avenue 15G, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 5 Island Avenue 15G, 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 15G, Miami Beach, FL 33139 still available?
- 5 Island Avenue 15G, Miami Beach, FL 33139 is currently listed as Sold, and has been on the market 78 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 15G, Miami Beach, FL 33139?
- With 20% down ($127,000) on the $635,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5 Island Avenue 15G, Miami Beach, FL 33139 is about $3,337/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 15G, 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 15G, 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 15G, Miami Beach, FL 33139 have an HOA fee?
- Yes: 5 Island Avenue 15G, Miami Beach, FL 33139 carries an HOA fee of about $1,536 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 15G, Miami Beach, FL 33139?
- 5 Island Avenue 15G, 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 15G, Miami Beach, FL 33139?
- Often, yes. The right offer on 5 Island Avenue 15G, 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 Engel & Voelkers West Palm Beach
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 August 30, 2026.
$575,000
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Listed by Dana Lund, Engel & Voelkers West Palm Beach
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Recent Sales
Recently sold homes in Island Terrace Condo
These are the last 4 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.
Sold$440,000
Sold · September 15, 2026
5 Island Avenue 15A
1 bed · 1.5 bath · 950 sqft · $463/sqft
$35,000 under the asking price
Sold$679,000
Sold · August 27, 2026
5 Island Avenue 12C
2 bed · 2 bath · 1,305 sqft · $520/sqft
$221,000 under the asking price
Sold$485,000
Sold · December 29, 2025
5 Island Avenue 4E
1 bed · 1.5 bath · 950 sqft · $511/sqft
$15,000 under the asking price
Sold$1,463,000
Sold · September 5, 2025
5 Island Avenue 15D
2 bed · 2 bath · 1,333 sqft · $1,098/sqft
$187,000 under the asking price
See every recorded sale in Island Terrace Condo or find out what your Island Terrace Condo home is worth.
