Island Terrace, 5 Island Ave #LF

1
Beds
11/2
Baths
950
SqFt
Status
Active
Parking
1
Size
950 SqFt (88 m2)
Price
$488/SqFt ($5,257/m2)
Type
Condo
Built
1967
HOA
$1,425/MO
MLS Number
A11994765
View
Other
On Site
151 Days
Updated
27 Days ago
Page Views
0
Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed. Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom. Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly. A Venetian Island gem, with great walkability, just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks from Trader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops and restaurants, and Lincoln Road! Includes 1 assigned parking space and hurricane-impact windows. An ideal second home or primary residence combining location, comfort, and lifestyle.

Features

Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Balcony, SecurityHighImpactDoors
  • View: Other
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry, MainLevelPrimary, Bar, WalkInClosets
  • Equipment / Appliances: Dishwasher, ElectricRange, Refrigerator, SelfCleaningOven
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Tile,Vinyl
  • Windows/Treatment: ImpactGlass,Sliding
  • Year Built: 1967
  • Year Built Description: Resale
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: 2026-04-17T16:49:52.000-00:00
  • Pets Allowed: Conditional,Yes
Taxes, Fees & More
  • Maintenance Includes: AssociationManagement, Amenities, CommonAreas, CableTv, Laundry, MaintenanceGrounds, MaintenanceStructure, PestControl, Pools, ReserveFund, Sewer, Trash, Water
  • Taxes: 6309
  • Security Information: ClosedCircuitCameras, DoorMan, LobbySecured
  • Parking Description: Assigned,OneSpace
  • Total Floors in Building: 16

Apples-to-Apples Comparables

 Closest-Match Comparables
See closest-match comps for this subdivision
No obligation
Verified
Trends
Insights
Best of Luxury Realty
Talk to a local advisor
Licensed advisors answering your questions across Miami Beach, FL
01
Licensed Brokerage
02
Local Advisors
03
Direct Answers
Exclusive real estate service partner

Price History

Date
Event
Price
Change
Price Per
04/03/2026
Listed
$464K
 
$488 ft2
$5,257 m2
04/03/2026
$464K
Event
Listed
Price Per
$488 ft2
$5,257 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Marine RivierreOne Sotheby's International Realty • Buyer Agency Compensation .

Listing Location & Street View
MapStreet View

Peer Listings

Active listings from matched communities
Results 2 of 18
The Pavilion, 5601 Collins Ave #1219, Miami Beach, Florida 33140, image 1
The Pavilion, 5601 Collins Ave #1219, Miami Beach, Florida 33140, image 2
The Pavilion, 5601 Collins Ave #1219, Miami Beach, Florida 33140, image 3
$495,000
Condo for sale in The Pavilion
5601 Collins Ave #1219, Miami Beach, FL 33140
Arlen Beach, 5701 Collins Ave #1011, Miami Beach, Florida 33140, image 1
Arlen Beach, 5701 Collins Ave #1011, Miami Beach, Florida 33140, image 2
Arlen Beach, 5701 Collins Ave #1011, Miami Beach, Florida 33140, image 3
$421,00031K
Condo for sale in Arlen Beach
5701 Collins Ave #1011, Miami Beach, FL 33140
1 - 2 of 18 Results

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