Island Terrace, 5 Island Ave #5G, Miami Beach, FL, 33139

525,000(-0.57% )
$522,000Price
1Beds
1 1/2Baths
950SqFt

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Details

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Status:
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Parking: 1
Size: 950 ft2 / 88 m2
Price: $549 ft2 / $5,915 m2
Built: 1967
HOA: $1,280/MO
MLS Number: A11612513
View: Bay,Pool
On Site: 172 Days
Updated: 4 Days ago
Page Views: 0
Investor opportunity! Create your dream home in highly desirable belle isle in miami beach. Your blank canvas awaits in this charming residential building by famed architect morris lapidus. Oversized 1 bed with dazzling bay views ready for your new vision. Located in a quiet residential community, steps away from friendly dog park, standard hotel & spa, and sunset harbor. 50 year recertification currently underway. Seller will pay off assessment balance prior to closing. Rental restrictions 1 year. No in-unit laundry, shared washer/dryer on each floor. Includes private storage locker.
Features
Bedrooms
Bedrooms: 1
Bathrooms
Bathrooms: 1
Half Bathrooms: 1
Exterior and Lot Features
Exterior Features: Balcony
View: Bay,Pool
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Price History
12/11/2024

Date

Price Reduced

Event

$522K

Price

-0.57%

Change Rate

$549 ft2 / $5,915 m2

Price Per

06/24/2024

Date

Listed

Event

$525K

Price

$553 ft2 / $5,949 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Karen Leah Holst • Fortune International Realty • Buyer Agency Compensation .

Instant Comparative Market Analysis
$400/ft²
$500/ft²
$700/ft²
$1,000/ft²

Unit #5G – Asking

$549/ft²

(-17%) from Closed Avg. $/ft²

Closed Avg. $/ft²

$663/ft²
Community $/Price Range (Closed) $600/ft² – $825/ft²
UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
# 16E1/1950$600WestBay, Water$570,0005/15/2024
# 91/1950$684South, WestBay, Water, City, Intercoastal, Pool, Ocean$650,0005/13/2024
# 101/1950$705South, WestBay, Water, City, Intercoastal, Pool, Ocean$670,0004/29/2024
Unit: # 16E
Bed/Bath: 1/1Size SqFt: 950$/SqFt: $600Exposure: WestView: Bay, WaterSold: $570,000Closed Date: 5/15/2024
Unit: # 9
Bed/Bath: 1/1Size SqFt: 950$/SqFt: $684Exposure: South, WestView: Bay, Water, City, Intercoastal, Pool, OceanSold: $650,000Closed Date: 5/13/2024
Unit: # 10
Bed/Bath: 1/1Size SqFt: 950$/SqFt: $705Exposure: South, WestView: Bay, Water, City, Intercoastal, Pool, OceanSold: $670,000Closed Date: 4/29/2024
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