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5 Island Ave Unit LF

Miami Beach, FL 33139

1 bed
2 baths
950 sqft
$542 per sqft
1967 build
– on site

Motivated seller. Modern and beautifully renovated 1B/1.5B with abundant natural light. This 1,100 square foot unit features 1 spacious master suite, 1 full and 1 half bathroom, a generous living room, an oversized open kitchen with dining area to entertain your friends & family and a private balcony. One assigned parking space is included. Island Terrace is a famous Morris Lapidus residence located in the heart of Miami Beach, in Belle Isle at the Venetian Islands, right across the Standard Hotel and walking distance to the popular Sunset Harbor shops, restaurants, pilates & yoga studios. Full amenities building including 24 hr concierge, exercise room & pool overlooking the bay. Assessment of $32,500 has been paid in full! Unit is located on the first floor and does not have water views.

Listing courtesy of MLSM / London Foster Realty

Last checked: Checking… • Last updated Jan 10, 2025 •

MLS# A11722255 —

The Building

Year Built:

1967
Year Built Details:

Condo-Conversion
Construction Materials:

Block
Architectural Style:

Other
Stories Total:

16
Entry Location:

1
Entry Level:

1
Exterior Features:

Balcony
Patio And Porch Features:

Balcony, Open
Security Features:

DoorMan
Unit Number:

Lf
Building Area Total:

950.0

Interior

Interior Features:

BedroomOnMainLevel, FirstFloorEntry, MainLivingAreaEntryLevel
Furnished:

Unfurnished
Flooring:

Vinyl

Room Dimensions

Living Area:

950.0

Financial & Terms

Lease Considered:

false

The Property

View:

Other
Parcel Number:

02 32 33 044 0030
Property Type:

Residential
Property Subtype:

Condominium
Property Subtype Additional:

Condominium
Lot Size Units:

SquareFeet
Waterfront:

true
Waterfront Features:

Bayfront
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$4,107
Tax Legal Description:

ISLAND TERRACE CONDO UNIT L-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 16065-0315 0993 1

Beds

Bedrooms Total:

1

Baths

Total Baths:

2
Full Baths:

1
Half Baths:

1

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

CentralAir
Cooling:

true

Utilities

Utilities:

CableAvailable

Appliances

Appliances:

BuiltInOven, Dishwasher, ElectricRange, Refrigerator
Laundry Features:

CommonArea

The Community

Subdivision Name:

Island Terrace Condo
Senior Community:

false
Association Amenities:

FitnessCenter, Laundry, Pool, Elevators
Pool Features:

Association
Pets Allowed:

Conditional,Yes
Association Fee:

$1,536
Association Fee Frequency:

Monthly
Association Fee Includes:

CommonAreas, CableTv, HotWater, Internet, Laundry, MaintenanceGrounds, MaintenanceStructure, Parking, Security, Trash, Water

Parking

Parking Features:

Assigned, OneSpace
Garage:

true
Garage Spaces:

1.0
Covered Spaces:

1.0

Monthly cost estimate

Asking price

$515,000

Expense	Monthly cost
Mortgage	$2,757
Taxes	$342
Insurance	$141
HOA fees	$1,536
Utilities	$123 See report
Total	$4,899/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
1/10/25 Jan 10, 2025	Listed / Active	MLSM	$515,000	-4.6% (-2.4% / YR)
3/17/24 Mar 17, 2024	Price Changed	MLSM
11/3/23 Nov 3, 2023	Listed / Active	MLSM

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This condo located in Venetian Islands, Miami Beach, FL 33139 is currently for sale for $515,000. 5 Island Ave Unit LF is a 950 square foot condo with 1 bed and 2 baths that has been on Estately for 0 days. 5 Island Ave Unit LF is in the Venetian Islands neighborhood of Miami Beach. This condo is in the attendance area of Air Base Elementary School, Robert Morgan Educational Center And Technical College, Miami Beach Senior High School, Nautilus Middle School, and North Beach Elementary School.

Listing Courtesy of: MLSM and London Foster Realty.

Based on information from the MLS MIAMI 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. MLSM, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. MLSM and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.