Terrace Towers, 3 Island Ave #10K

$605K33.9%
$400,000
1
Beds
1
Baths
861
SqFt
Status
Sold - Feb 17, 2026
Parking
1
Size
861 SqFt (80 m2)
Price
$465/SqFt ($5,001/m2)
Type
Condo
Built
1962
HOA
N/A
MLS Number
A11537009
View
Bay, City, Intercoastal
On Site
936 Days
Updated
18 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

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Price History

Current
$400K
High
$605K
Low
$400K
Total Change
-33.9%
$630K$503K$375KFeb 24Jun 24Jul 24Mar 25May 25Sep 25Nov 25Nov 25Feb 26
Date
Event
Price
Change
Price Per
02/17/2026
Sold
$400K
0%
$465 ft2
$5,001 m2
11/17/2025
Price Reduced
$400K
-2.44%
$465 ft2
$5,001 m2
11/17/2025
Price Reduced
$410K
-5.75%
$476 ft2
$5,126 m2
09/03/2025
Price Reduced
$435K
-3.33%
$505 ft2
$5,438 m2
05/27/2025
Price Reduced
$450K
-9.64%
$523 ft2
$5,626 m2
03/01/2025
Price Reduced
$498K
-13.01%
$578 ft2
$6,226 m2
07/20/2024
Price Reduced
$573K
-0.43%
$665 ft2
$7,157 m2
06/01/2024
Price Reduced
$575K
-4.96%
$668 ft2
$7,189 m2
02/21/2024
Listed
$605K
 
$703 ft2
$7,564 m2
02/17/2026
$400K
Event
Sold
Change
0%
Price Per
$465 ft2
$5,001 m2
11/17/2025
$400K
Event
Price Reduced
Change
-2.44%
Price Per
$465 ft2
$5,001 m2
11/17/2025
$410K
Event
Price Reduced
Change
-5.75%
Price Per
$476 ft2
$5,126 m2
09/03/2025
$435K
Event
Price Reduced
Change
-3.33%
Price Per
$505 ft2
$5,438 m2
05/27/2025
$450K
Event
Price Reduced
Change
-9.64%
Price Per
$523 ft2
$5,626 m2
03/01/2025
$498K
Event
Price Reduced
Change
-13.01%
Price Per
$578 ft2
$6,226 m2
07/20/2024
$573K
Event
Price Reduced
Change
-0.43%
Price Per
$665 ft2
$7,157 m2
06/01/2024
$575K
Event
Price Reduced
Change
-4.96%
Price Per
$668 ft2
$7,189 m2
02/21/2024
$605K
Event
Listed
Price Per
$703 ft2
$7,564 m2
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 .

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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