Terrace Towers, 3 Island Ave #PHA

$449K9.8%
$405,000
Studio
Beds
1
Baths
544
SqFt
Status
OFF MARKETExpired
Parking
1
Size
544 SqFt (51 m2)
Price
$744/SqFt ($8,014/m2)
Type
Condo
Built
1962
HOA
$890/MO
MLS Number
A11724079
View
Bay
On Site
608 Days
Updated
466 Days ago
Page Views
0
Spacious and extremely well-located penthouse studio apartment in the Venetian Islands. Enjoy the best sunrises in Miami Beach, with unmatched views of the marina and bay. Just steps from the exclusive Standard Hotel & SPA. Central air conditioning, assigned parking, cable, and internet included. The seller will pay the assessments at closing. One of the iconic buildings designed by Morris Lapidus.

Features

Bedrooms
  • Bedrooms: No info
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: StormSecurityShutters
  • View: Bay
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry, WalkInClosets
  • Equipment / Appliances: ElectricRange, Microwave, Refrigerator
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Floor Description: Other
  • Year Built: 1962
  • Year Built Description: Resale
  • Style: HighRise,Penthouse
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
  • Elementary School: North Beach
  • Middle School: Nautilus
Other Property Info
  • Garage: 1
  • Listing Date: 2025-01-15T12:09:22.000-00:00
  • Pets Allowed: Conditional,Yes
Taxes, Fees & More
  • Maintenance Includes: AssociationManagement, CableTv, Insurance, Internet, Laundry, MaintenanceStructure, Pools, Sewer, Security, Trash, Water
  • Taxes: 4448
  • Security Information: DoorMan, KeyCardEntry, Other, SmokeDetectors
  • Parking Description: OneSpace
  • Total Floors in Building: 15

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Price History

Current
$405K
High
$449K
Low
$405K
Total Change
-9.8%
$454K$427K$400KJan 25Mar 25Apr 25
Date
Event
Price
Change
Price Per
04/09/2025
Price Reduced
$405K
-5.59%
$744 ft2
$8,014 m2
03/13/2025
Price Reduced
$429K
-4.45%
$789 ft2
$8,489 m2
01/13/2025
Listed
$449K
 
$825 ft2
$8,884 m2
04/09/2025
$405K
Event
Price Reduced
Change
-5.59%
Price Per
$744 ft2
$8,014 m2
03/13/2025
$429K
Event
Price Reduced
Change
-4.45%
Price Per
$789 ft2
$8,489 m2
01/13/2025
$449K
Event
Listed
Price Per
$825 ft2
$8,884 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Marcelo NotarobertoNEXXOS REALTY LLC • 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