Premier Brokers International
5 Island Avenue 2F, Miami Beach, FL 33139
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12025234
$458,000

5 Island Avenue 2F, Miami Beach, FL 33139

Beds
1
Baths
2
Sqft
950
Est. payment$4,704/mo
Home type
Condominium
Year built
1967
Lot size
—
Price / sqft
$482
HOA
$1,425/mo
Community
ISLAND TERRACE CONDO

Property description

Experience elevated Miami living in this fully remodeled residence on prestigious Belle Isle, offering breathtaking bay and downtown skyline views. This immaculate 1-bedroom, 1 full bath + 1 half bath home blends modern elegance with effortless coastal living. Featuring an open-concept layout with high ceilings and abundant natural light, the residence showcases sophisticated finishes, warm wood flooring, and a bright, airy ambiance throughout. The designer kitchen is thoughtfully appointed with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into the living and dining spaces—perfect for both everyday living and entertaining. Located in an iconic Morris Lapidus building on the sought-after Venetian Islands, residents enjoy resort-style amenities including 24/7 front desk service, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, top dining, boutique shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Whether as a primary residence, vacation retreat, or investment opportunity, this turnkey residence offers luxury, convenience, and the best of Miami living. Water, cable, and internet.

Listing activity

Days on market
149
Listed
May 27, 2026
MLS listing updated
Oct 9, 2026
Feed last checked
1 minute ago

Listed by Barbara Estela · Douglas Elliman

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
1
Bathrooms
2
Bathrooms (decimal)
1.5
Full bathrooms
1
Half bathrooms
1

Rooms & features

Rooms
0
Interior features
None
Flooring
Wood
Appliances
Electric Water Heater, Dishwasher, Electric Range, Microwave, Refrigerator

Heating & cooling

Heating
Central, Electric
Cooling
Central Air, Electric
Property

Parking

Garage spaces
1
Garage
Yes
Covered spaces
1

Exterior

Stories
16
Building area
950 sqft
View
Water
Waterfront
Other, Ocean Access
Waterfront property
Yes
Construction

Type & style

Home type
Condominium
Year built
1967
New construction
No

Materials

Construction
CBS
Property condition
Resale
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
ISLAND TERRACE CONDO
MLS area
2320
Security
Elevator Secure, Lobby - Attended, Smoke Detector(s)
Pets allowed
No
55+ community
No

Association

Has association
Yes
Association fee
$1,425 monthly
Estimated monthly dues
$1,425
Amenities
Maintenance, Pool, Bike Storage, Clubhouse, Fitness Center, Laundry, Management
Services included
Recreation Facility, Pool Service, Common Areas, Elevator, Insurance, Maintenance Grounds, Pest Control, Sewer, Trash, Water
Lease details

Not reported by the listing source.

Location

Area details

City
Miami Beach
County
Miami-Dade
ZIP code
33139
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12025234
Possession
Negotiable
Original list price
$499,995
Parcel number
0232330440090
Annual property tax
$8,081
Tax year
2024
Tax legal description
ISLAND TERRACE CONDO UNIT 2-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 14814-417 1290 4
Additional MLS details

Reported by the listing source

Association Amenities
Maintenance, Pool, Bike Storage, Clubhouse, Fitness Center, Laundry, Management
Association Fee Frequency
Monthly
Association Fee Includes
Recreation Facility, Pool Service, Common Areas, Elevator, Insurance, Maintenance Grounds, Pest Control, Sewer, Trash, Water
Association
Yes
Bathrooms Total Decimal
1.5
Bathrooms Total Integer
2
Building Area Total
950
Construction Materials
CBS
County Or Parish
Miami-Dade
Days On Market
149
Elementary School
North Beach
High School
Miami Beach
List Price
458000
Listing Contract Date
2026-05-27
Living Area
950
MLSArea Major
2320
Middle Or Junior School
Miami Beach Nautilus
Mls Status
Active
On Market Date
2026-05-27
Photos Count
15
Postal Code
33139
Price Change Timestamp
2026-10-09T18:31:05Z
Property Sub Type
Condominium
Property Type
Residential
Rooms Total
0
Security Features
Elevator Secure, Lobby - Attended, Smoke Detector(s)
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-05-27T04:00:00Z
Stories Total
16
Subdivision Name
ISLAND TERRACE CONDO
Waterfront Features
Other, Ocean Access
Tax Annual Amount
8081
Bathrooms Full
1
Bedrooms Total
1
Bathrooms Half
1
Financial Information: Estimated Monthly Assoc Recurring Fee
1425

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
May 27, 2026ListedMIAMI REALTORS® MLS$499,995$526/sqft
Oct 9, 2026Price reducedMIAMI REALTORS® MLS$458,000$482/sqft

Public tax history

YearProperty taxesAssessment
2024$8,081—

Payment calculator

Estimated monthly payment$4,704/moIllustrative estimate, not a loan offer.
Principal & interest
$2,376
Property taxes
$673
Insurance
$229
Association dues
$1,425

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

ISLAND TERRACE CONDO

Miami Beach · Miami-Dade County · 33139

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

North BeachElementary
—
Miami Beach NautilusMiddle
—
Miami BeachHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Douglas Elliman. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.