3 of 6For Sale at Island TerraceBack to list
Unit LF
1 / 45
Island Terrace Unit LF For Sale
$464,000
5 Island Ave · Belle Isle · Miami Beach
Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 1 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 2 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 3 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 4 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 5 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 6 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 7 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 8 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 9 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 10 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 11 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 12 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 13 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 14 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 15 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 16 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 17 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 18 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 19 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 20 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 21 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 22 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 23 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 24 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 25 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 26 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 27 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 28 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 29 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 30 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 31 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 32 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 33 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 34 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 35 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 36 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 37 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 38 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 39 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 40 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 41 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 42 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 43 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 44 of 45Island Terrace Unit LF, 5 Island Ave, Belle Isle, Miami Beach FL 33139, photo 45 of 45
3 of 6 For Sale at Island Terrace · back to list
$464,000Asking Price
$488Per SqFt
1/1½Beds/BathsBd/Ba
950SqFt · 88.3 m²
Island Terrace · MLS A11994765 · 30 days on Zilbert · Listed Aug 19, 2026 · 5 Island Ave, Belle Isle, Miami Beach FL 33139Current layoutPhotos first

Property Details

Asking Price$464,000
Price per SqFt$488
Maintenance fee$1,425 Monthly
Property Taxes$6,309 2025
Interior Space950 SqFt
Beds/Baths1/1½
Year Built1967
MLS #A11994765

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly carry, before financing
$1,425maintenance · $1,425 per month
$526taxes · $6,309/yr ÷ 12
$1,951 / monthassociation + taxes, before mortgage and insurance

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

From the listing

Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed.Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom.Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly.A Venetian Island gem, with great walkability, just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks from Trader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops and restaurants, and Lincoln Road!Includes 1 assigned parking space and hurricane-impact windows.An ideal second home or primary residence combining location, comfort, and lifestyle.

Listed by One Sotheby's International Realty

Sales History for This Unit · Island Terrace Unit LF

Sale Sold Price Asking Price Beds/Baths SqFt Closed Date

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 (LF) is asking $488/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 One Sotheby's International Realty. 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

Directions

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 $488 ask