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5 Island Ave 4HMiami Beach, FL 33139

For Sale

$650,000

Smart Buyer Rebate $6,250

Stunning corner residence at Island Terrace with sweeping south and east views of Biscayne Bay and Belle Isle. This bright 2-bedroom, 2-bath home offers 1,302 SF with an open living/dining area, abundant natural light, and new paint and updated finishes. The spacious primary suite features ample closets and an updated bath. The second bedroom works perfectly for guests or a home office. Modern kitchen with updated appliances and plenty of storage.

Island Terrace is a full-service bayfront building with doorman, heated pool, fitness center, secure lobby, and assigned parking. HOA includes water, sewer, trash, cable, and reserves. Located in the heart of Belle Isle with easy proximity to The Standard, Sunset Harbour, parks, cafés, shops, and the beach.

Listed by Rebecca Patt

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License #3620188

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Avanti Way Realty LLC

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612-354-7400

Listed by Jennifer Wollmann

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License #0674769

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Avanti Way Realty LLC

Last updated November 18, 2025

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Source: MIAMIRE #A11845073

Listing Facts

  • TypeCondo
  • NeighborhoodBelle Isle
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu120
  • HOA/Maint. Fees$2,055/month
  • Taxes$8,691/year
  • Size1,302 sqft
  • Price per sqft$499

Amenities

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

Location

Mortgage Calculator

Listing History

09/19/2025
Price Decreased
$650,000
07/22/2025
Listed by Avanti Way Realty LLC
$700,000

Property Details for 5 Island Ave 4H

Association

Amenities

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

Fees

  • Association Fee: $2,055.00 Monthly
  • Association Fee Includes: All Amenities, Building Exterior, Common Area, Elevator, Insurance, Landscaping/Lawn Maintenance, Laundry Facilities, Manager, Parking, Pest Control Interior, Pool Service, Recreation Facilities, Reserve Fund, Trash Removal

General

  • Number Of Units In Community: 120

Exterior

Construction

  • Number Of Units Total: 120
  • Property Attached: Yes
  • Stories Total: 16
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built: 1967
  • Year Built Details: Condo-Conversion
  • Architectural Style: Corner Unit, High Rise
  • Building Name: Island Terrace
  • Construction Materials: CBS Construction
  • Entry Level: 4
  • Exterior Features: Open Balcony

Features

  • Patio And Porch Features: Open Balcony
  • View: Bay, Garden View, Skyline
  • Waterfront: Yes

Measurements

  • Building Area Total: 1,302
  • Building Area Units: Square Feet
  • Frontage Type: Bay
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-32-33-044-0270
  • Tax Annual Amount: $8,691.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Flooring: Tile
  • Interior Features: Lobby, Other

Measurements

  • Living Area: 1,302
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2

Other

Location

  • Subdivision Name: ISLAND TERRACE CONDO

Parking

Parking

  • 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

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.