Island Terrace, 5 Island Ave #16E, Miami Beach, FL 33139

Income opportunity! Beautifully updated 1-bedroom, 1.5-bathroom apartment located in a direct oceanfront building with private beach access. Enjoy stunning collins avenue views, an open layout tiled throughout, and a brand-new kitchen perfect for modern living.This unit offers the flexibility to rent, giving you the option to generate extra income while enjoying all the perks of beachfront living.Building amenities include: direct access to the beach with complimentary beach chairs.Fully equipped gym.Bbq area for outdoor entertaining.1 valet parking spot included.Secure building with 24/7 surveillance.Located in a prime location near shops, restaurants, and entertainment. Whether you're looking for a vacation home, investment property, or your next residence, this unit checks all the boxes.

Own a lapidus masterpiece – an iconic oceanfront condo on millionaire’s row with built-in income today and prestige forever. Unit 9s features 912 sf, a half wrap-around balcony with stunning intracoastal & city views, marble floors in living areas, and wood flooring in the bedroom. The building is undergoing its spectacular 50-year recertification with major upgrades, enhancing long-term value. A tenant is in place through may 2026, providing steady rental income while you design and submit plans to renovate the interior to match the building’s future elegance. Amenities include direct beach access, oceanfront pool with service, lola fine dining, fitness center, indoor courts, rooftop solarium, valet & 24/7 security. Invest now, collect income, and watch this iconic property transform.