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Active Condominium
$499,995
5 Island Ave # 2F, Miami Beach FL 33139, Miami Beach, FL 33139
1 Beds
Bedrooms
2 Baths
Bathrooms
950 sqft
Living Area
1967
Year Built

About This Property

Experience breathtaking bay and downtown skyline views from this immaculate, fully furnished and equipped residence on coveted Belle Isle. Beautifully designed with custom built-ins, designer furnishings, upgraded finishes, soaring ceilings, and abundant natural light, this residence offers a seamless open-concept layout with two full bathrooms and a sophisticated modern aesthetic. Located in an iconic Morris Lapidus building on the prestigious Venetian Islands, residents enjoy premium amenities including a 24/7 front desk, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, premier dining, shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Water, cable, and internet included. A rare opportunity to enjoy luxury living in one of Miami Beach’s most sought-after locations.

Property Details

Property Type Condominium
Days on Market Just listed
HOA Fee $1,425/mo
Parking — spaces
Pool No
Waterfront Yes
Community ISLAND TERRACE CONDO
Pets Allowed No

Assigned Schools

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School Grades Address Report Card
North Beach Elementary
Elementary 305-531-7666
PK-5
4100 Prairie Ave., Miami Beach, FL 33140
Nautilus Middle
Middle 305-532-3481
6-8
4301 N Michigan Ave., Miami Beach, FL 33140
Miami Beach Senior High
High School 305-532-4515
9-12
2231 Prairie Ave., Miami Beach, FL 33139

Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Miami-Dade County Public Schools's official locator to confirm.

Location

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Comparable Sales

10 closed sales · 1-mile radius · last 12 months · Miami Beach

Est. Market Value
$527,289
Range: $400,000 – $575,000
Listed 5.2% below estimated market value — $27,294 under comps. Strong value.
Address
Closed
Price
Beds
Baths
Sqft
vs Ask
3 Island Ave # 08L, Miami Beach FL 33139
BELLE ISLE · 1962
$630,000
Apr 30, 2026
$689,000
$734/sf
1
2
858
-8.6%
5 Island Ave # 15G, Miami Beach FL 33139
ISLAND TERRACE CONDO · 1967
$575,000
Apr 28, 2026
$635,000
$605/sf
1
2
950
-9.4%
1000 WEST AVE 1024, Miami Beach FL 33139
County records · 1968
$565,000
Apr 6, 2026
$587/sf
1
1
962
800 WEST AVE PH44, Miami Beach FL 33139
County records · 1966
$400,000
Apr 6, 2026
$444/sf
1
1
900
2001 MERIDIAN AVE 510, Miami Beach FL 33139
County records · 2005
$530,000
Mar 31, 2026
$613/sf
1
1
864
1345 LINCOLN RD 1105, Miami Beach FL 33139
County records · 1972
$460,000
Mar 13, 2026
$517/sf
1
2
890
1050 7 ST 1050-1, Miami Beach FL 33139
County records · 1956
$217,000
Mar 13, 2026
$235/sf
1
1
922
1228 WEST AVE 603, Miami Beach FL 33139
County records · 1971
$575,000
Mar 9, 2026
$612/sf
1
1
940
1455 WEST AVE 601, Miami Beach FL 33139
County records · 1972
$365,000
Mar 2, 2026
$416/sf
1
1
878
3 ISLAND AVE 08H, Miami Beach FL 33139
County records · 1962
$550,000
Feb 26, 2026
$640/sf
1
1
859
$540,000
Median Sale
$502,500
Trimmed Avg
$554/sf
Avg $/sqft
10 sales
Comps Found

Comp data from Miami MLS. Estimate is automated and does not account for condition, upgrades, or lot features. For a full CMA, contact Dayron Crespo, Broker.

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