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5 Island Ave LFMiami Beach, FL 33139

For Sale

$464,000

Smart Buyer Rebate $4,640

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.

Listed by Marine Rivierre

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License #3622945

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One Sotheby's International Realty

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305-561-8636

Listed by Elisabeth Gazay

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License #3274575

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One Sotheby's International Realty

Last updated April 17, 2026

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Source: MIAMIRE #A11994765

Listing Facts

  • TypeCondo
  • NeighborhoodBelle Isle
  • Bedrooms1
  • Bathrooms2
  • Days on Prevu14
  • HOA/Maint. Fees$1,425/month
  • Taxes$6,309/year
  • Size950 sqft
  • Price per sqft$488

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Pets Allowed
  • Air Conditioning
  • Bike Storage
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

04/17/2026
Listed by One Sotheby's International Realty
$464,000

Property Details for 5 Island Ave LF

Association

Amenities

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

Fees

  • Association Fee: $1,425.00 Monthly
  • Association Fee Includes: All Amenities, Cable Tv, Common Area, Elevator, Landscaping/Lawn Maintenance, Laundry Facilities, Manager, Outside Maintenance, Pest Control Interior, Pool Service, Reserve Fund, Sewer, Trash Removal, Water

Exterior

Construction

  • Property Attached: Yes
  • Property Condition: Updated/Remodeled
  • Stories Total: 16
  • Structure Type: Condo 5+ Stories, Condo
  • Window Features: High Impact Windows, Sliding
  • Year Built: 1967
  • Year Built Details: Resale
  • Building Name: ISLAND TERRACE CONDO
  • Construction Materials: CBS Construction
  • Entry Level: 1
  • Exterior Features: Open Balcony

Features

  • Patio And Porch Features: Open Balcony
  • View: Other View
  • Waterfront: Yes

Measurements

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

Financial

Taxes

  • Parcel Number: 02-32-33-044-0030
  • Tax Annual Amount: $6,309.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Electric Range, Refrigerator, Self Cleaning Oven
  • Flooring: Tile, Vinyl
  • Interior Features: First Floor Entry, Bar, Walk-In Closet(s)

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

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 LF.

What schools are nearby to 5 Island Ave LF?

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 LF.

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 LF?

Annual taxes for this condo are estimated at $6,309.

How does 5 Island Ave LF compare to other condos in Belle Isle?

This condo is listed 67% below the average price for condos in Belle Isle and has been on the market for 114 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 CONDO building.

What is the square footage on this condo?

According to the MLS, this listing is 950 sqft.

5 Island Ave LF is a 1-bedroom, 2-bath condo for sale in Miami Beach FL 33139. On Prevu for 14 days at $464,000. This home 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. The home offers private outdoor space, dishwasher, pets allowed, air conditioning, bike storage, parking, and swimming pool. Explore 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.