Island Terrace, 5 Island Ave #LE

$499K6%
$469,000
1
Beds
11/2
Baths
950
SqFt
Status
OFF MARKETExpired
Parking
1
Size
950 SqFt (88 m2)
Price
$494/SqFt ($5,314/m2)
Type
Condo
Built
1967
HOA
$1,446/MO
MLS Number
A11901357
View
None,Pool
On Site
327 Days
Updated
190 Days ago
Page Views
0
Rare first-floor TURNKEY residence on the exclusive Belle Isle—one of only three ground-level residences in the building! This spacious 1BR/1.5BA, 950 SF home feels private and serene, with no need for an elevator. Features include marble floors, a large custom walk-in closet, updated kitchen and baths, and hurricane-impact glass offering total peace and quiet. The building, set directly on the bay, showcases a modern lobby, waterfront pool, and a fully equipped fitness center. Includes a covered parking space and storage unit. Peaceful island living in the heart of Miami Beach, with a park and The Standard hotel across the street. A rare offering combining privacy, luxury, and prime location. Walk to Trader Joes, Fresh Market, Whole Foods, Sunset Harbour Shops, Lincoln Road, and so much more!

Features

Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: SecurityHighImpactDoors
  • View: None,Pool
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, ClosetCabinetry, FirstFloorEntry, HandicapAccess, LivingDiningRoom, MainLivingAreaEntryLevel, Pantry, WalkInClosets
  • Equipment / Appliances: Dishwasher, Disposal, IceMaker, Microwave, Refrigerator, SelfCleaningOven
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Marble
  • Windows/Treatment: Blinds,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: 2025-10-23T11:41:58.000-00:00
  • Pets Allowed: Conditional,Yes
Taxes, Fees & More
  • Maintenance Includes: Amenities, CommonAreas, HotWater, Insurance, MaintenanceGrounds, MaintenanceStructure, Parking, Pools, ReserveFund, Roof, Sewer, Security, Trash, Water
  • Taxes: 2581
  • Security Information: DoorMan, LobbySecured, SecurityGuard, SmokeDetectors
  • Parking Description: Assigned, Covered, OneSpace
  • Total Floors in Building: 16

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Price History

Current
$469K
High
$499K
Low
$469K
Total Change
-6%
$503K$484K$465KOct 25Jan 26
Date
Event
Price
Change
Price Per
01/24/2026
Price Reduced
$469K
-6.01%
$494 ft2
$5,314 m2
10/23/2025
Listed
$499K
 
$525 ft2
$5,654 m2
01/24/2026
$469K
Event
Price Reduced
Change
-6.01%
Price Per
$494 ft2
$5,314 m2
10/23/2025
$499K
Event
Listed
Price Per
$525 ft2
$5,654 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Elsie GattasElite Miami 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®
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