Rare first-floor residence on the exclusive venetian islands—one of only three ground-level residences in the building! This spacious 1br/1.5ba, 950 sf home feels private and serene, with no need for an elevator. Features include marble floors, a large custom walk-in closet, updated kitchen and baths, and hurricane-impact glass offering total peace and quiet. The building, set directly on the bay, showcases a modern lobby, waterfront pool, and a fully equipped fitness center. Includes a covered parking space and storage unit. Peaceful island living in the heart of miami beach, with a park and the iconic the standard hotel across the street. Furniture included in sale (optional). A rare offering combining privacy, luxury, and prime location.

Elite Miami Realty, LLC

Island Terrace, 5 Island Ave #12B, Miami Beach, Florida 33139, image 1

$525,000

1 Beds
1 Baths
950 SqFt
$553/SqFt

Condo for sale in Island Terrace5 Island Ave #12B, Miami Beach, FL 33139

With spectacular water views and 950 square feet of living space, unit 12b is a large one bedroom, one bath featuring a recently updated kitchen, beautiful flooring, and an immense amount of natural light. Location is also key, as you’ll be walking distance to the finest miami beach restaurants, fresh market, trader joe’s and more. Plus, you’re minutes away from the beach, downtown miami, the design district and wynwood. The building, designed by famous architect morris lapidus and situated across from the world renowned standard spa, includes a waterfront pool deck, fitness center, 24h doorman & laundry facility on the 12th floor. The perfect miami beach condo does exist!

DeBianchi Real Estate, LLC

Island Terrace, 5 Island Ave #15G, Miami Beach, Florida 33139, image 1

$635,000

1 Beds
1¹/₂ Baths
950 SqFt
$668/SqFt

Condo for sale in Island Terrace5 Island Ave #15G, Miami Beach, FL 33139

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.

Engel & Völkers Miami

Service by Hyperlocal Advisor

THINKING OF SELLING YOURPROPERTY IN Island Terrace?

We can help

Sell Faster

For Top Dollar

With The Best Terms

Similar Communities & Listings

Results 3 of 21

Arlen Beach, 5701 Collins Ave #1011, Miami Beach, Florida 33140, image 1

$425,000 $7K

1 Beds
2 Baths
824 SqFt
$516/SqFt

Condo for sale in Arlen Beach5701 Collins Ave #1011, Miami Beach, FL 33140

Just reduced to sell! Best location in midbeach! Totally renovated building with 50 year certifications! No assessments in 2025-26. Amenities include pool and beach service, saunas, on-site full service restaurant and beauty salon, renovated gym, theater, billiards. Enjoy water views on the bay and intracoastal, sunsets that are amazing! Assoc fees include water, ac, pest control, fiber wi-fi and cable. Reduced to sell today!

Beachfront Realty Inc

Oceanside Plaza, 5555 Collins Ave #9S, Miami Beach, Florida 33140, image 1

$499,000 $20K

1 Beds
1 Baths
912 SqFt
$547/SqFt

Condo for sale in Oceanside Plaza5555 Collins Ave #9S, Miami Beach, FL 33140

Iconic millionaire row address – steps from chabad of miami beach discover an unparalleled blend of faith, community, and opportunity in this one-bedroom residence at 5555 collins avenue, unit 9s, miami beach. Located directly across from chabad of miami beach (5401 collins ave), this home offers a rare lifestyle of convenience — walk to shabbat services, holiday events, and kosher gatherings while enjoying oceanfront luxury on millionaire row. Designed by legendary architect morris lapidus, this kosher-friendly building is currently undergoing its 50-year modernization, ensuring renewed amenities and long-term value. With a tenant in place through may 2026, the property provides steady income while you plan your future renovation.

Sky-Land International Realty

Crystal House, 5055 Collins Ave #5F, Miami Beach, Florida 33140, image 1

$425,000

1 Beds
1¹/₂ Baths
1,019 SqFt
$417/SqFt

Condo for sale in Crystal House5055 Collins Ave #5F, Miami Beach, FL 33140

Huge 1 bedroom unit with partial ocean views, new impact windows. Hoa includes a/c, water, internet/cable. Building offers state-of-the-art gym, pool, saunas, beach service, bbq area, valet parking plus additional parking spaces, community room, club house, community laundry, billiard room, pickleball court. Special assessment for new windows to be paid at closing. Sirs assessment of $123 is an additional monthly assessment.

Douglas Elliman

1 - 3 of 21 Results

Community Snapshot

1 to 2 BR Bedrooms

$499K to $650KPrice Range

680 - 1,900SqFt Range

1967Year Build

16Total Floors

N/ATotal Units

N/ATotal Sales

Subdivision Amenities

Picnic Area

Barbecue

Bike Storage

Clubhouse

Elevators

Fitness Center

Hobby Room

Laundry

Management

Pool

Storage

Trash

Frequently Asked Questions

How much are the maintenance fees (HOA) in Island Terrace?

The current monthly maintenance fee at Island Terrace is ~1.14 per unit SqFt.

What is included in the Island Terrace monthly association dues?

The condo dues at Island Terrace cover: Association Management, Amenities, Common Areas, Cable Tv, Laundry, Maintenance Structure, Pest Control, Pools, Reserve Fund, Security, Trash, Hot Water, Parking, Sewer, Water, Cable TV, Insurance, Internet, Maintenance Grounds, Roof, All Facilities, Recreation Facilities.

What are Island Terrace Pet Policies & Restrictions?

Island Terrace Island Terrace is a pet-friendly “Dogs and Cats OK” subdivision for both owners and tenants. Please note that pet policies may change at the discretion of management and/or the Homeowners' Association (HOA) and may not apply to renters. Restrictions may apply to certain breeds, and size and weight limits may be in place.

What are the interior features of the residences?

Island Terrace Interior features include: Dual Sinks, Elevator, Bedroom On Main Level, First Floor Entry, Builtin Features, Bedroomon Main Level, Closet Cabinetry, Kitchen Island, Living Dining Room, Main Living Area Entry Level, Pantry, Eatin Kitchen, Walk In Closets, Breakfast Bar, Custom Mirrors

What are the available unit views from Island Terrace?

Island Terrace unit views: Bay, Intercoastal, City, Ocean, Water, Pool, Garden