Terrace Towers, 3 Island Ave #09I

$1.6M6.5%
$1,450,000
2
Beds
2
Baths
1,381
SqFt
Status
Sold - Feb 20, 2026
Parking
1
Size
1,381 SqFt (128 m2)
Price
$1,050/SqFt ($11,302/m2)
Type
Condo
Built
1962
HOA
$1,933/MO
MLS Number
A11871409
View
Bay,City,Water
On Site
377 Days
Updated
19 Days ago
Page Views
0
NO ASSESSMENTS. With sweeping south and west views of Biscayne Bay, Downtown Miami, and Venetian Islands, this brand-new, fully-renovated 1,381 sq ft, 2-br, 2-ba corner residence draws inspiration from acclaimed designers March & White and Gabellini Sheppard. The oversized kitchen features natural quartzite waterfall countertops, custom cabinetry, and all new appliances. The open living area connects to a spacious balcony. The flexible second bedroom, enclosed with floor-to-ceiling sliding doors, functions as a bedroom, office, or den. The primary suite includes amble space for a king-sized bed, custom blackout curtains, and custom closet with new in-unit LG washer/dryer. Both full bathrooms feature floating vanities, glass-enclosed showers, and floor-to-ceiling travertine tile.

Features

Bedrooms
  • Bedrooms: 2
Bathrooms
  • Bathrooms: 2
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony
  • View: Bay,City,Water
Interior, Heating and Cooling
  • Interior Features: BreakfastBar, BedroomOnMainLevel, ClosetCabinetry, DualSinks, EatInKitchen, Bar, Elevator
  • Equipment / Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, TrashCompactor, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Windows/Treatment: Drapes
  • Year Built: 1962
  • Year Built Description: Resale
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
  • Elementary School: North Beach
  • Middle School: Nautilus
  • Senior High School: Miami Beach
Other Property Info
  • Garage: 1
  • Listing Date: 2025-09-03T12:40:41.000-00:00
  • Pets Allowed: Conditional,Yes
Taxes, Fees & More
  • Maintenance Includes: AssociationManagement, MaintenanceGrounds, MaintenanceStructure, Other, Parking, Pools, Water
  • Taxes: 16746
  • Security Information: LobbySecured
  • Parking Description: Guest,OneSpace
  • Total Floors in Building: 14

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Price History

Current
$1.5M
High
$1.6M
Low
$1.5M
Total Change
-6.5%
$1.6M$1.5M$1.4MSep 25Sep 25Feb 26
Date
Event
Price
Change
Price Per
02/20/2026
Sold
$1.5M
0%
$1,050 ft2
$11,302 m2
09/03/2025
Price Reduced
$1.5M
-6.45%
$1,050 ft2
$11,302 m2
09/03/2025
Listed
$1.6M
 
$1,122 ft2
$12,081 m2
02/20/2026
$1.5M
Event
Sold
Change
0%
Price Per
$1,050 ft2
$11,302 m2
09/03/2025
$1.5M
Event
Price Reduced
Change
-6.45%
Price Per
$1,050 ft2
$11,302 m2
09/03/2025
$1.6M
Event
Listed
Price Per
$1,122 ft2
$12,081 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Nellie StonerDouglas Elliman • Buyer Agency Compensation .

Listing Location & Street View
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Scores

Walk Score®
Somewhat Walkable. Some errands can be accomplished on foot
68

100
Transit Score®
Some Transit. A few nearby public transportation options
35

100
Bike Score®
Very Bikeable. Biking is convenient for most trips
76

100
Sound Score®
Very loud
72

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
36

100
Local Score
Limited local amenities nearby
1

100
Community Snapshot
Studio – 1 BR
Bedrooms
$350K – $850K
Price Tier
544 - 11,381
SqFt Range
1962
Year Build
15
Total Floors
140
Total Units

Subdivision Amenities

Barbecue
Bike Storage
Clubhouse
Elevators
Hobby Room
Laundry
Management
Pool
Trash

Miami Beach
High-End
High-End Homes & Condos