Island Terrace Unit 4K Sold
Property Details
| Sold Price | $450,000 |
|---|---|
| Last Asking Price | $450,000 |
| Price per SqFt | $662 |
| Maintenance Fee | $1,084 Monthly |
| Property Taxes | $3,774 2023 |
| Interior Space | 680 SqFt |
| Beds/Baths | 1/1 |
| Year Built | 1967 |
| Closed Date | 4/15/2025 |
| MLS # | A11556197 |
Location
From the listing
Luxury living on Biscayne Bay across from the Standard Hotel. This beautiful, recently renovated residence offers easy living in a prime waterfront location on Miami Beaches sought after Belle Isle. The enclosed balcony offers additional living space, making the unit larger than the tax record but still affords sweeping views over Belle Isle and the Standard Hotel. New large format porcelain tile floors, modern open kitchen with large serving island and modern bath with glass shower. A Morris Lapidus designed building, 5 Island offers a heated bay front pool, fitness center and 24-hour front desk with onsite management. Your chance to live in one of Miami Beaches most coveted neighborhoods of Belle Isle, an easy walk to Sunset Harbour & Lincoln Rd.
Listed by Gary Hennes Realtors
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $1,084 a month; taxes $3,774 for 2023. MLS figures, which may not be accurate.
Sales History for This Unit · Island Terrace Unit 4K
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11076602 | $275,000 | 12/21/21 |
What Other Units Have Been Selling For at Island Terrace
4 units sold at Island Terrace in the last 12 months at an average of $524/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 15A | $440,000$463/SqFt | 93% | 9/15/26 |
| 15G | $575,000$605/SqFt | 91% | 4/28/26 |
| 4E | $485,000$511/SqFt | 97% | 12/29/25 |
| 4F | $456,250$480/SqFt | 91% | 6/20/25 |
| 14G | $618,000$651/SqFt | 97% | 1/7/25 |
| 16E | $570,000$600/SqFt | 97% | 5/15/24 |
| 9F | $650,000$684/SqFt | 96% | 5/15/24 |
| 10E | $670,000$705/SqFt | 99% | 5/1/24 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Gary Hennes Realtors. 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.
Ask Mark About This Listing
Island Terrace Unit 4K, 5 Island Ave · MLS A11556197 · Sold Apr 2025
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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
At Island Terrace, 6 units are for sale and 4 sold in the last 12 months at an average of $524 per SqFt. Unit 4K sold at $662 per SqFt, in line with the building's average at the time. Figures compiled by Mark Zilbert, a Miami Beach real estate agent with ONE Sotheby's International Realty, from MLS records.