$449,000
5 Island Avenue LF
Miami Beach, FL 33139
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
- Unchanged
- Days on market
- N/A
This 1-bedroom condo in Island Terrace Condo is listed at $449,000, or $473 per square foot.
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 $1,425/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $449,000
- Days on Site
- 0 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 #
- A12115533
- 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 SunsetHarbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed byrenowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combinesconvenience and privacy with direct access to the pool deck - no elevator needed. Filled with natural light, theapartment features generous living spaces, large volumes and a functional layout. The primary suite includes anensuite bathroom and a walk-in closet, complemented by a guest bathroom. Enjoy a unique indoor-outdoorlifestyle with your morning coffee just steps from the bay front. The building offers a waterfront pool with infinityviews 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 fromTrader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops & restaurants,and Lincoln Road!Includes 1 assigned parking space and hurricane-impact windows. An ideal primary residence or second homecombining location, comfort and lifestyle.
MLS media linkGeneral 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
- CBS Concrete Block Structure / 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
- Ok To Lease / 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 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
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 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. 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 ($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 LF, 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 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 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 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. 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 Marine Aude Karine Rivierre, One Sotheby's International Realty
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Recent Sales
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.
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$575,000
Sold · April 28, 2026
5 Island Avenue 15G
1 bed · 1.5 bath · 950 sqft · $605/sqft
$60,000 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.
