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

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

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

5 Island Avenue LF, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 124 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 LF, Miami Beach, FL 33139?

With 20% down ($92,800) on the $464,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5 Island Avenue LF, Miami Beach, FL 33139 is about $2,439/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 LF, 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 LF, Miami Beach, FL 33139. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.

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

Yes: 5 Island Avenue LF, Miami Beach, FL 33139 carries an HOA fee of about $1,425 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 LF, Miami Beach, FL 33139?

5 Island Avenue LF, 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 LF, Miami Beach, FL 33139?

Often, yes. The right offer on 5 Island Avenue LF, 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 Realty will run the comps and help you craft a competitive, well-supported offer.

Active

124 Days on Market

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$464,000

5 Island Avenue LF

Miami Beach, FL 33139

ISLAND TERRACE CONDO

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

Bedrooms

Bathrooms

950

Living Sq Ft

1967

Year Built

Estimated monthly payment

$2,439 /mo

Principal and interest only, based on $92,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,425/mo HOA are not included.

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Listing Snapshot

Price: $464,000
Days on Site: 124 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 #: A11994765
Property Tax: $6,309 (2025)
HOA Fees: $1,425 / Monthly
Subdivision: ISLAND TERRACE CONDO
County: Miami Dade
Status: Active
Special Conditions: Listed As Is

About This Property

Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed.Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom.Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly.A Venetian Island gem, with great walkability, just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks from Trader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops and restaurants, and Lincoln Road!Includes 1 assigned parking space and hurricane-impact windows.An ideal second home or primary residence combining location, comfort, and lifestyle.

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General Features

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

Interior Features

Appliances: Dishwasher / Electric Range / Oven / Refrigerator
Cooling: Central Air
Heating: Central
Flooring: Tile / Vinyl
Interior Features: Bedroom On Main Level / Main Level Primary / Separate Shower / Bar / Walk In Closets
Windows: Sliding

Exterior Features

Construction: Block
Exterior Features: Balcony / Outdoor Living Area
Pool Features: Association
Patio & Porch: Open / Balcony
Waterfront: Yes
Waterfront Features: Bayfront / None
View: Other

Community & HOA

HOA Fee: $1,425 / Monthly
HOA Includes: Common Areas / Cable Tv / Maintenance Grounds / Pest Control / Pools / Reserve Fund / Sewer / Trash / Water
Association Amenities: Bike Storage / Clubhouse / Fitness Center / Maintenance Grounds / Laundry / Management / Pool / Elevators
Security: Security System / Closed Circuit Cameras / Lobby Secured
Pets Allowed: Pet Restrictions / Yes
55+ Community: Yes
Financing Terms: Cash / Conventional
Restrictions: Rental Restriction / See Remarks
MLS Area: 2320

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 Realty represents buyers and sellers in Island Terrace Condo at 1% listing commission. Free buyer representation.

Homes for Sale: 7
Under Contract: 1
Median List Price: $464,000
Median $/Sq Ft: $488
Avg Days on Market: 89

View all 7 homes for sale in Island Terrace →

Frequently Asked Questions

How do I schedule a tour of 5 Island Avenue LF, Miami Beach, FL 33139?: Use the Tour button on this listing to request a showing of 5 Island Avenue LF, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.
Is 5 Island Avenue LF, Miami Beach, FL 33139 still available?: 5 Island Avenue LF, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 124 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 LF, Miami Beach, FL 33139?: With 20% down ($92,800) on the $464,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5 Island Avenue LF, Miami Beach, FL 33139 is about $2,439/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 LF, 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 LF, Miami Beach, FL 33139. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 5 Island Avenue LF, Miami Beach, FL 33139 have an HOA fee?: Yes: 5 Island Avenue LF, Miami Beach, FL 33139 carries an HOA fee of about $1,425 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 LF, Miami Beach, FL 33139?: 5 Island Avenue LF, 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 LF, Miami Beach, FL 33139?: Often, yes. The right offer on 5 Island Avenue LF, 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 Realty will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of One Sotheby's International Realty

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. 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 June 23, 2026.

$464,000