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5 Island Ave 2FMiami Beach, FL 33139

For Sale

$475,000

Smart Buyer Rebate $4,750

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.

Listed by Barbara Estela

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License #3162169

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Douglas Elliman

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7862394227

Last updated August 18, 2026

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Source: MIAMIRE #A12025234

Listing Facts

  • TypeCondo
  • NeighborhoodBelle Isle
  • Bedrooms1
  • Bathrooms1.5
  • Days on Prevu111
  • HOA/Maint. Fees$1,425/month
  • Taxes$8,081/year
  • Size950 sqft
  • Price per sqft$500

Amenities

  • Dishwasher
  • Air Conditioning
  • Swimming Pool
  • Fitness Center

Location

Mortgage Calculator

Listing History

08/19/2026
Price Decreased
$475,000
05/27/2026
Listed by Douglas Elliman
$489,000
  1. 08/19/2026$475,000
    Price Decreased
  2. 05/27/2026$489,000
    Listed by Douglas Elliman

Property Details for 5 Island Ave 2F

Association

Amenities

  • Association Amenities: Clubhouse, Fitness Center, Laundry, Pool, Elevator(s), Management
  • Pets Allowed: No

Fees

  • Association Fee: $1,425.00 Monthly
  • Association Fee Includes: Insurance, Maintenance Grounds, Pest Control, Sewer, Trash, Water

Exterior

Construction

  • Property Attached: Yes
  • Stories Total: 16
  • Year Built: 1967
  • Year Built Details: Resale
  • Architectural Style: High Rise
  • Construction Materials: Block
  • Entry Level: 5
  • Entry Location: 5

Features

  • Pool Features: Association
  • View: Water
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Measurements

  • Building Area Total: 950
  • Lot Features: Waterfront
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-32-33-044-0090
  • Tax Annual Amount: $8,081.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Flooring: Hardwood, Wood

Measurements

  • Living Area: 950

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

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: Central Air, Electric
  • Has Cooling: Yes
  • Heating: Central, Electric
  • Has Heating: Yes
  • Laundry Features: Common Area

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1.5 bathrooms in this condo at 5 Island Ave 2F.

What schools are nearby to 5 Island Ave 2F?

Nearby schools include the North Beach Elementary School, Nautilus Middle School, and Miami Beach High School.

Does this condo have parking?

Yes, there is 1 parking space available for 5 Island Ave 2F.

What are the annual taxes for 5 Island Ave 2F?

Annual taxes for this condo are estimated at $8,081.

How does 5 Island Ave 2F compare to other condos in Miami Beach?

This condo is listed 46% below the average price for condos in Miami Beach and has been on the market for 51 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 950 sqft.

5 Island Ave 2F is a 1-bedroom, 1.5-bath condo for sale in Miami Beach FL 33139. Available on Prevu for 111 days at $475,000. This includes a recent price decrease of $14,000. This home features 950 square feet of living space, located in Miami Beach. The median listing price for condos in this area is $485,000. Nearby schools include North Beach Elementary School, Nautilus Middle School, and Miami Beach High School. Additional amenities include dishwasher, air conditioning, fitness center, and swimming pool. View other condo listings in Miami Beach.

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.