Terrace Towers, 3 Island Ave #10K, Miami Beach, FL 33139

498,000(-9.64% )
$450,000Price
1Beds
1Baths
861SqFt

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Details

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Status:
Active
Parking: 1
Size: 861 SqFt (80 m2)
Price: $523/SqFt ($5,626/m2)
Type: Condo
Built: 1962
HOA: N/A
MLS Number: A11537009
View: Bay, City, Intercoastal
On Site: 526 Days
Updated: 66 Days ago
Page Views: 0
Introducing a stellar listing in a prime location: a spacious one-bedroom, one-bath residence on a high floor in the renowned morris lapis building on 3 island. Every room is bathed in natural light, offering sensational views of the beach, park, and bay. Impeccably maintained and easy to show, this property is priced to sell. Within walking distance to sunset harbor shops, lincoln road, gourmet coffee shops, grocery stores, state-of-the-art gyms, boutiques, and much more. Don't miss out on this incredible opportunity!
Features
Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony
  • View: Bay, City, Intercoastal
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, DualSinks, FirstFloorEntry, LivingDiningRoom, TubShower, WalkInClosets, BayWindow
  • Equipment / Appliances: BuiltInOven, Dishwasher, ElectricRange, IceMaker, Microwave, Refrigerator, SelfCleaningOven
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Floor Description: Other
  • Windows/Treatment: Blinds,Sliding
  • Year Built: 1962
  • Year Built Description: Resale
  • Style: HighRise
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
  • Elementary School: Feinberg-Fisher K8
  • Senior High School: Miami Beach
Other Property Info
  • Garage: 1
  • Listing Date: 2024-02-21T23:19:53.000-00:00
  • Directions: East
  • Pets Allowed: Conditional,Yes
Taxes, Fees & More
  • Maintenance Includes: AssociationManagement, Amenities, CommonAreas, Internet, MaintenanceGrounds, MaintenanceStructure, Parking, PestControl, Pools, Sewer, Trash, Water
  • Taxes: 5811
  • Security Information: KeyCardEntry, LobbySecured, SecurityGuard, SmokeDetectors
  • Parking Description: Assigned,OneSpace
  • Total Floors in Building: 15
  • Total Units in Complex: 144

Price History

05/27/2025

Date

Price Reduced

Event

$450K

Price

-9.64%

Change Rate

$523 ft2 / $5,626 m2

Price Per

03/01/2025

Date

Price Reduced

Event

$498K

Price

-13.01%

Change Rate

$578 ft2 / $6,226 m2

Price Per

07/20/2024

Date

Price Reduced

Event

$572.5K

Price

-0.43%

Change Rate

$665 ft2 / $7,157 m2

Price Per

06/01/2024

Date

Price Reduced

Event

$575K

Price

-4.96%

Change Rate

$668 ft2 / $7,189 m2

Price Per

02/21/2024

Date

Listed

Event

$605K

Price

$703 ft2 / $7,564 m2

Price Per

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

Listed by Laura CursonColdwell Banker Realty • Buyer Agency Compensation .

Instant Comps

$400/ft²
$500/ft²
$800/ft²
$1,100/ft²

Unit #10K – Asking

$523/ft²

(-30%) 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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