Home » Miami Beach » Island Terrace at 5 Island Ave Miami Beach » 5 Island Ave 10K, Miami Beach, FL 33139 | A11459768

5 Island Ave 10K, Miami Beach, FL 33139 | Sold

$545,000
closed for a price of $525,000

Property Highlights

Listing ID A11459768 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bedrooms 1 Bathrooms Total 1 Full Bath Living Space 680 Sqft/63.17 m2 approx. Building Area 680 Sqft/63.17 m2 approx. COMMUNITY POOL Year Built 1967 Lease Term Minimum Duration: 365 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 365 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 182 Days
20 Photos of this Property

5 Island Ave 10K, Miami Beach, FL 33139

Property Description: Welcome to residence 10K at Island Terrace in Miami Beach. Located in the coveted Belle Isle, this impeccably designed residence offers panoramic views of the stunning Biscayne Bay and Miami skyline. As you step into this private residence, you 'll be greeted by an open-concept kitchen, Italian-designed kitchen cabinets with quartz countertops, travertine floors, impact windows, a contemporary bathroom & custom closets. Island Terrace includes a fitness center, heated pool, 24-hour concierge, & valet parking. In addition, a storage unit is included on the 10th floor. Nestled in a prime location, this is your opportunity to own a piece of paradise in one of Miami Beach 's most sought-after neighborhoods.

Useful Info

Contingency:Association Approval
Previous Asking Price:$550,000
Original List Price:$550,000
Close Price:$525,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is
More Listings Same Building:Island Terrace at 5 Island Ave Miami Beach

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • High Rise
Entry Level (floor):10
Entry Level Location:10
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:16

Property Features

Has View:Yes
View from the Property:
  • Bay
Waterfront:No
Swimming Pool Features:
  • Association
Security:
  • Lobby Secured
Furnished:
  • Unfurnished
Appliances:
  • Dryer
  • Dishwasher
  • Microwave
  • Refrigerator
  • Washer
  • Electric Range
  • Ice Maker
Interior Features:
  • First Floor Entry
  • Bedroom On Main Level
  • Main Living Area Entry Level
Exterior Features:
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Property Entrance Faces:
  • North

Taxes and Expenses

Tax Annual Amount:$4,665

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Association Fee:$831
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Homestead Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Fitness Center
Subdivision Name:ISLAND TERRACE CONDO
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Maintenance Structure
  • Common Areas
  • Insurance
  • Parking
  • Amenities
Complex Name:ISLAND TERRACE CONDO
Senior Community:No
Restrictions: Daily Rentals Allowed

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Parking Features:
  • One Space
  • Covered
  • Assigned

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit View: Bay
Housing Older Persons Act: Unverified
Unit Design: East Of Us1,High Rise
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects No Homestead Tax
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 100
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AE
Municipal Code: 1
Subdivision Number: 44
Buy State: Florida
Buyer Country of Residence: USA

Zoning and Legal

Tax Legal Description:ISLAND TERRACE CONDO UNIT 10-K UNDIV .5574% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 16213-0777 0194 1 COC 21875-0971 12 2003 1
Real Estate Folio Number (Parcel Number):02-32-33-044-0890
Public Survey Township:1
Public Survey Range:32
Public Survey Section:33

Listing History

Update/EventDate/Days
Published Date:September 27, 2023 1:14 pm
On Market Date:September 27, 2023
Close Date:March 27, 2024
Price Change Date Time:January 23, 2024 10:09 am
Last Important Update Description:Closed
Date and Time of Last Important Update:March 28, 2024 6:23 pm
Status Last Changed:March 28, 2024 6:23 pm
Photos Last Modified:November 5, 2023 12:12 pm
Last Modified:March 28, 2024 10:24 pm
Days on the Market Reference Date:March 28, 2024
Days on the Market (updated on Last Modified*):141
Cumulative Days on the Market (updated on Last Modified**):141

Additional Information

Unit Location:East Of Us1,High Rise
Number of Photos Count:20
Area:32
Ref ID:1045699441
Automated Valuation Display:Yes
Courtesy of:Compass Florida, LLC.
Universal Property Id:US-12025-N-0232330440890-R-N

Location

Show Property Address:Yes
Street Name:Island Ave
Street Number:5
Street Address:5 Island Ave 10K
Unit Number:10K
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:5 Island Ave 10K, Miami Beach, FL 33139
Latitude:N25° 47' 26''
Longitude:W81° 51' 2''

Neighborhood

Postal City:Miami Beach

Property Map

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