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!
Listed by Elsie Gattas
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License #3226194
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Elite Miami Realty, LLC
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305-951-5496
Last updated March 09, 2026
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Source: MIAMIRE #A11901357
Listing Facts
TypeCondo
NeighborhoodBelle Isle
Bedrooms1
Bathrooms2
Days on Prevu145
HOA/Maint. Fees$1,446/month
Taxes$2,581/year
Size950 sqft
Price per sqft$494
Amenities
Dishwasher
Pets Allowed
Air Conditioning
Parking
Storage
Swimming Pool
Location
Mortgage Calculator
Listing History
01/24/2026
Price Decreased
$469,000
10/23/2025
Listed by Elite Miami Realty, LLC
$499,000
Property Details for 5 Island Ave LE
Association
Amenities
Association Amenities: Elevator(s), Exercise Room, Storage, Pool
Pets Allowed: Restrictions Or Possible Restrictions
Fees
Association Fee: $1,446.00 Monthly
Association Fee Includes: All Amenities, Building Exterior, Common Area, Elevator, Hot Water, Insurance, Landscaping/Lawn Maintenance, Outside Maintenance, Parking, Pool Service, Reserve Fund, Roof Repairs, Security, Sewer, Trash Removal, Water
Accessibility Features: Accessible Entrance, Accessible Approach With Ramp, Accessible
Location
Subdivision Name: ISLAND TERRACE CONDO
Parking
Parking
Covered Spaces: 1
Garage Spaces: 1
Garage: Yes
Parking Features: 1 Space, Assigned, Covered, Limited # Of Vehicle
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
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Laundry Features: Utility Room/Laundry
Frequently Asked Questions
How many bedrooms and bathrooms does this condo have?
There is 1 bedroom and 2 bathrooms in this condo at 5 Island Ave LE.
What schools are nearby to 5 Island Ave LE?
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 LE.
Are pets allowed at 5 Island Ave?
Yes, 5 Island Ave allows pets. Check the Property Details for any relevant restrictions.
What are the annual taxes for 5 Island Ave LE?
Annual taxes for this condo are estimated at $2,581.
How does 5 Island Ave LE compare to other condos in Belle Isle?
This condo is listed 66% below the average price for condos in Belle Isle and has been on the market for 17 more days than the typical home in this area.
What building or home owners association is the condo part of?
This condo is in the Island Terrace building.
What is the square footage on this condo?
According to the MLS, this listing is 950 sqft.
5 Island Ave LE is a 1-bedroom, 2-bath condo for sale in Miami Beach FL 33139. Available on Prevu for 145 days at $469,000. This includes a recent price decrease of $30,000. This property features 950 square feet of living space, located in Belle Isle. The median listing price for condos in this area is $995,000. Nearby schools include North Beach Elementary School, Nautilus Middle School, and Miami Beach High School. Property amenities include dishwasher, pets allowed, air conditioning, storage, parking, 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.
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.