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.
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.