Terrace Towers, 3 Island Ave #07E, Miami Beach, FL 33139

899,000(-5.56% )
$849,000Price
1Beds
1Baths
851SqFt

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Details

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Status:
Active
Parking: 1
Size: 851 SqFt (79 m2)
Price: $998/SqFt ($10,739/m2)
Type: Condo
Built: 1962
HOA: $1,279/MO
MLS Number: A11744236
View: Bay, Intercoastal, Water
On Site: 165 Days
Updated: 14 Days ago
Page Views: 0
Don't miss this exceptional opportunity! Fully renovated, this spacious one-bedroom condo offers unobstructed water views of biscayne bay and the stunning miami skyline. Located in the heart of south beach on sought-after belle isle, the unit features modern designer touches, tile floors, a walk-in shower, ample closet space, and a flood of natural light throughout the day. Enjoy breathtaking sunsets from your expansive balcony or relax by the pool overlooking the bay. Just a short walk from sunset harbour’s boutiques, restaurants, and lincoln road. This luxury waterfront building, designed by famed architect morris lapidus, includes 24-hour concierge service, covered reserved parking, a bbq area, and more. Available turnkey furnished making it an ideal investment or vacation home.
Features
Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony,Courtyard
  • View: Bay, Intercoastal, Water
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry, Elevator
  • Equipment / Appliances: ElectricRange, Microwave, Refrigerator
  • Heating Description: Electric
  • Cooling Description: Electric
Building and Construction
  • Floor Description: Hardwood,Wood
  • Windows/Treatment: ImpactGlass
  • Year Built: 1962
  • Year Built Description: Resale
  • Style: HighRise
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2025-02-14T16:53:23.000-00:00
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: Amenities, CommonAreas, CableTv, HotWater, Insurance, Internet, MaintenanceStructure, Parking, Pools, ReserveFund, Sewer, Security, Trash, Water
    • Taxes: 7458
    • Security Information: DoorMan, ElevatorSecured
    • Parking Description: OneSpace
    • Total Floors in Building: 15

    Price History

    03/07/2025

    Date

    Price Reduced

    Event

    $849K

    Price

    -5.56%

    Change Rate

    $998 ft2 / $10,739 m2

    Price Per

    02/12/2025

    Date

    Listed

    Event

    $899K

    Price

    $1,056 ft2 / $11,371 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Juan Leal • Alux Properties • Buyer Agency Compensation .

    Instant Comps

    $400/ft²
    $600/ft²
    $900/ft²
    $1,100/ft²

    Unit #07E – Asking

    $998/ft²

    (+34%) from Closed Avg. $/ft²

    Closed Avg. $/ft²

    $747/ft²
    Community $/Price Range (Closed) $510/ft² – $979/ft²
    UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
    # 8G1/1859$756West, EastBay, City, Intercoastal, Water$649,0006/20/2025
    # 07J1/1863$510EastBay, City$440,0005/27/2025
    # 06G1/1859$974West, EastBay$837,00012/20/2024
    Unit: # 8G
    Bed/Bath: 1/1Size SqFt: 859$/SqFt: $756Exposure: West, EastView: Bay, City, Intercoastal, WaterSold: $649,000Closed Date: 6/20/2025
    Unit: # 07J
    Bed/Bath: 1/1Size SqFt: 863$/SqFt: $510Exposure: EastView: Bay, CitySold: $440,000Closed Date: 5/27/2025
    Unit: # 06G
    Bed/Bath: 1/1Size SqFt: 859$/SqFt: $974Exposure: West, EastView: BaySold: $837,000Closed Date: 12/20/2024
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