Island Terrace, 5 Island Ave #2F

$500K5%
$475,000
1
Beds
11/2
Baths
950
SqFt
Status
Active
Parking
1
Size
950 SqFt (88 m2)
Price
$500/SqFt ($5,382/m2)
Type
Condo
Built
1967
HOA
$1,425/MO
MLS Number
A12025234
View
Water
On Site
102 Days
Updated
18 Days ago
Page Views
0
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.

Features

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
$475K
High
$500K
Low
$475K
Total Change
-5%
$503K$487K$472KMay 26Jun 26Jul 26Aug 26
Date
Event
Price
Change
Price Per
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
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 EstelaDouglas Elliman • Buyer Agency Compensation .

Listing Location & Street View
MapStreet 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®
Bearable noise
75

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
1 – 2 BR
Bedrooms
$420K – $925K
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

Miami Beach
Mid-Tier
Mid-Tier Homes & Condos