Island Terrace, 5 Island Ave #2F

1
Beds
11/2
Baths
950
SqFt
$482
$/SqFt
Mid-Tier CondoProperty Type
1967Year Built
$482/SqFtPrice per sq ft
$1,425/moHOA Fees
1 carParking Spaces
WaterView
Experience elevated Miami living in this fully remodeled residence on prestigious Belle Isle, offering breathtaking bay and downtown skyline views. This immaculate 1-bedroom, 1 full bath + 1 half bath home blends modern elegance with effortless coastal living. Featuring an open-concept layout with high ceilings and abundant natural light, the residence showcases sophisticated finishes, warm wood flooring, and a bright, airy ambiance throughout. The designer kitchen is thoughtfully appointed with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into the living and dining spaces—perfect for both everyday living and entertaining. Located in an iconic Morris Lapidus building on the sought-after Venetian Islands, residents enjoy resort-style amenities including 24/7 front desk service, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, top dining, boutique shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Whether as a primary residence, vacation retreat, or investment opportunity, this turnkey residence offers luxury, convenience, and the best of Miami living. Water, cable, and internet.
Listing Courtesy Of: Douglas Elliman
Local Realty Services Provided By: Best of Luxury Realty
On Site: 152 DaysUpdated: 17 Days agoPage Views: 0

Features

MLS Number: A12025234
Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: SecurityHighImpactDoors
  • View: Water
Interior, Heating and Cooling
  • Equipment / Appliances: Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Floor Description: Hardwood,Wood
  • Windows/Treatment: ImpactGlass
  • Year Built: 1967
  • Year Built Description: Resale
  • Style: HighRise
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: 2026-05-27T12:50:46.000-00:00
  • Pets Allowed: No
Taxes, Fees & More
  • Maintenance Includes: AssociationManagement, Amenities, CommonAreas, Insurance, Laundry, MaintenanceGrounds, PestControl, Pools, RecreationFacilities, Sewer, Trash, Water
  • Taxes: 8081
  • Security Information: DoorMan, ElevatorSecured, SmokeDetectors
  • Parking Description: OneSpace
  • Total Floors in Building: 16

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Price History

Current
$458K
High
$500K
Low
$458K
Total Change
-8.4%
$505K$479K$453KMay 26Jun 26Jul 26Aug 26Oct 26
Date
Event
Price
Change
Price Per
10/09/2026
Price Reduced
$458K
-3.58%
$482 ft2
$5,189 m2
08/18/2026
Price Reduced
$475K
-2.86%
$500 ft2
$5,382 m2
07/02/2026
Price Reduced
$489K
-2.2%
$515 ft2
$5,541 m2
06/19/2026
Price Reduced
$500K
0%
$526 ft2
$5,665 m2
05/26/2026
Listed
$500K
 
$526 ft2
$5,665 m2
10/09/2026
$458K
Event
Price Reduced
Change
-3.58%
Price Per
$482 ft2
$5,189 m2
08/18/2026
$475K
Event
Price Reduced
Change
-2.86%
Price Per
$500 ft2
$5,382 m2
07/02/2026
$489K
Event
Price Reduced
Change
-2.2%
Price Per
$515 ft2
$5,541 m2
06/19/2026
$500K
Event
Price Reduced
Change
0%
Price Per
$526 ft2
$5,665 m2
05/26/2026
$500K
Event
Listed
Price Per
$526 ft2
$5,665 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Barbara Estela • Douglas Elliman • Buyer Agency Compensation .
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Community Snapshot
1 – 2 BR
Bedrooms
$400K – $950K
Price Tier
680 - 1,900
SqFt Range
1967
Year Build
16
Total Floors

Subdivision Amenities

Barbecue
Bike Storage
Clubhouse
Elevators
Fitness Center
Hobby Room
Laundry
Management
Pool
Storage
Trash

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