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5 Island Ave LEMiami Beach, FL 33139

For Sale

$499,000

Smart Buyer Rebate $2,475

Rare first-floor residence on the exclusive Venetian Islands—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 iconic The Standard hotel across the street. Furniture included in sale (optional). A rare offering combining privacy, luxury, and prime location.

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 October 23, 2025

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Source: MIAMIRE #A11901357

Listing Facts

  • TypeCondo
  • NeighborhoodBelle Isle
  • Bedrooms1
  • Bathrooms2
  • Days on Prevu48
  • HOA/Maint. Fees$1,559/month
  • Taxes$2,581/year
  • Size950 sqft
  • Price per sqft$525

Amenities

  • Dishwasher
  • Pets Allowed
  • Air Conditioning
  • Parking
  • Storage
  • Swimming Pool

Location

Mortgage Calculator

Listing History

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: $1,559.00 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

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
  • Window Features: Complete Impact Glass, Blinds
  • Year Built: 1967
  • Year Built Details: Resale
  • Architectural Style: High Rise
  • Building Name: Island Terrace
  • Construction Materials: CBS Construction
  • Entry Level: 1

Features

  • View: Pool Area View, None
  • Waterfront Features: Seawall
  • Waterfront: Yes

Measurements

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

Financial

Taxes

  • Parcel Number: 02-32-33-044-0020
  • Tax Annual Amount: $2,581.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
  • Flooring: Marble
  • Interior Features: First Floor Entry, Closet Cabinetry, Pantry, Walk-In Closet(s), Storage, Utility Room/Laundry

Measurements

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

Rooms

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

Other

Features

  • Accessibility Features: Accessible Entrance, Accessible Approach With Ramp, Accessible

Location

  • Subdivision Name: ISLAND TERRACE CONDO

Parking

Parking

  • 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.

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 64% below the average price for condos in Belle Isle and has been on the market for 80 less 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 48 days at $499,000. 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. Additional amenities include dishwasher, pets allowed, air conditioning, storage, parking, and swimming pool. Browse more 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.