2 of 6For Sale at Island TerraceBack to list
Unit 2F
1 / 15
Island Terrace Unit 2F For Sale
$475,000
5 Island Ave · Belle Isle · Miami Beach
Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 1 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 2 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 3 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 4 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 5 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 6 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 7 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 8 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 9 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 10 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 11 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 12 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 13 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 14 of 15Island Terrace Unit 2F, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 15 of 15
2 of 6 For Sale at Island Terrace · back to list
$475,000Asking Price
$500Per SqFt
1/1½Beds/BathsBd/Ba
950SqFt · 88.3 m²
Island Terrace · MLS A12025234 · 113 days on Zilbert · Listed May 27, 2026 · 5 Island Ave, Belle Isle, Miami Beach FL 33139Current layoutPhotos first

Property Details

Asking Price$475,000
Price per SqFt$500
Maintenance fee$1,425 Monthly
Property Taxes$8,081 2024
Interior Space950 SqFt
Beds/Baths1/1½
Year Built1967
MLS #A12025234

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly carry, before financing
$1,425maintenance · $1,425 per month
$673taxes · $8,081/yr ÷ 12
$2,098 / monthassociation + taxes, before mortgage and insurance

Fees and taxes based on MLS provided figures, and may not be accurate

From the listing

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.

Listed by Douglas Elliman

Sales History for This Unit · Island Terrace Unit 2F

Sales history is unavailable for this property

What Other Units Have Been Selling For at Island Terrace

3 other units sold in the last 12 months at an average of $526/SqFt · This unit (2F) is asking $500/SqFt

Unit Sold Price % of Ask Beds/Baths SqFt $/SqFt Closed Date

For a full analysis of past sales in this building, contact Mark Zilbert.

Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · I track every sale at Island Terrace. Ask me about this residence, the line, or the building.
+1 (786) 280-0201

Listed by Douglas Elliman. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.

Location

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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.

More at Island Terrace

6 for sale · 4 sold in the last 12 months · building avg $524/SqFt sold, against this unit's $500 ask

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