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5 Island Ave 15GMiami Beach, FL 33139

For Sale

$635,000

Smart Buyer Rebate $5,875

Rarely available Lower Penthouse on Belle Isle offering jaw-dropping views of Biscayne Bay. This highly sought-after “G” Floor Plan in this charming Morris Lapidus boutique building features an oversized living room, spacious bedroom and walk-in closet. Enjoy tranquil bayfront pool days, a state-of-the-art gym, and endless vistas from your spacious terrace, day or night. Effortless condo living awaits in the heart of the island complemented by unrivaled proximity to The Standard Hotel & Spa, the Venetian Islands, Sunset Harbor Shops & Dining and more.

Listed by Dana Lund

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License #3436018

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Engel & Völkers Miami

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703-408-3767

Last updated August 27, 2025

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Source: MIAMIRE #A11866014

Listing Facts

  • TypeCondo
  • NeighborhoodBelle Isle
  • Bedrooms1
  • Bathrooms2
  • Days on Prevu10
  • HOA/Maint. Fees$1,536/month
  • Taxes$9,470/year
  • Size950 sqft
  • Price per sqft$668

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Bike Storage
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

08/27/2025
Listed by Engel & Völkers Miami
$635,000

Property Details for 5 Island Ave 15G

Association

Amenities

  • Association Amenities: Bike Storage, Community Room, Elevator(s), Pool
  • Pets Allowed: Restrictions Or Possible Restrictions

Fees

  • Association Fee: $1,536.00 Monthly
  • Association Fee Includes: All Amenities, Common Area, Elevator, Parking, Pool Service, Sewer, Trash Removal, Water

General

  • Number Of Units In Community: 139

Exterior

Construction

  • Number Of Units Total: 139
  • Property Attached: Yes
  • Stories Total: 16
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built: 1967
  • Year Built Details: Effective Year Built
  • Architectural Style: High Rise
  • Building Name: Island Terrace Condo
  • Construction Materials: CBS Construction
  • Entry Level: 15
  • Exterior Features: East Of Us1, Open Balcony

Features

  • Patio And Porch Features: Open Balcony
  • View: Bay, Intracoastal View, Water View
  • Waterfront Features: Intracoastal Front, Ocean Access
  • Waterfront: Yes

Measurements

  • Building Area Total: 950
  • Building Area Units: Square Feet
  • Frontage Type: Bay
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-32-33-044-1260
  • Tax Annual Amount: $9,470.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Flooring: Clay, Other, Tile
  • Interior Features: First Floor Entry

Measurements

  • Living Area: 950
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 1

Other

Location

  • Subdivision Name: ISLAND TERRACE CONDO

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: 1 Space, Assigned

Schools

Elementary School

  • Elementary School: North Beach

High School

  • High School: Miami Beach

Middle or Junior School

  • Middle Or Junior School: Nautilus

Utilities

Equipment

  • Cooling: Electric
  • Has Cooling: Yes
  • Heating: Electric
  • Has Heating: Yes

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.