Home » Miami Beach » Island Terrace at 5 Island Ave Miami Beach » 5 Island Ave 7D, Miami Beach, FL 33139 | A11537294

5 Island Ave 7D, Miami Beach, FL 33139 | Sold

$1,150,000
closed for a price of $1,100,000

Property Highlights

Listing ID A11537294 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 2 Bathrooms Total 2 Full Bath Living Space 1,333 Sqft/123.84 m2 approx. Building Area 1,333 Sqft/123.84 m2 approx. COMMUNITY POOL Year Built 1967 Waterfront 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 52 Days
35 Photos of this Property

5 Island Ave 7D, Miami Beach, FL 33139

Property Description: Coveted SW corner unit w/expansive bay & skyline views. Large balcony offers total privacy for sunbathing, relaxing or entertaining. Clean, contemporary design w/simple finishes & neutral colors complement this Morris Lapidus MiMo building. The primary BR is ensuite with dual sinks, built-in linen cabinet & private water closet w/shower & tub. The walk-in closet has open shelving, drawers & flexible hanging areas. 2nd BR features custom day beds & is open to the living room, offering flexibility for an office, studio or guest room. Impact windows/doors, extra wide covered parking space + storage unit. Heated bayside pool, gym & bike storage. Standard Hotel, Belle Isle Park & a CitiBike station are just steps away; Sunset Harbour, Lincoln Road, all within a short walk.

Useful Info

Contingency:No Contingencies
Original List Price:$1,150,000
Close Price:$1,100,000
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
Entry Level (floor):7
Entry Level Location:7
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:16

Property Features

Has View:Yes
View from the Property:
  • Water
  • City
  • Bay
Waterfront:Yes
Waterfront Features:
  • Bay Front
  • Seawall
Swimming Pool Features:
  • Heated
  • Association
Security:
  • Smoke Detector(s)
  • Door Man
  • Lobby Secured
  • Closed Circuit Camera(s)
Appliances:
  • Dishwasher
  • Microwave
  • Refrigerator
  • Electric Range
  • Ice Maker
  • Self Cleaning Oven
Interior Features:
  • Living/dining Room
  • Walk-in Closet(s)
  • Bedroom On Main Level
  • Stacked Bedrooms
  • Convertible Bedroom
  • Dual Sinks
Exterior Features:
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Window Features:
  • Blinds
  • Impact Glass
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric
Building Features:
  • Exterior Lighting

Taxes and Expenses

Tax Annual Amount:$12,943

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:2023
Association Fee:$1,768
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Owner
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Buyer Financing:
  • Conventional
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Dogs Ok
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Bike Storage
  • Trash
  • Clubhouse
  • Laundry
  • Storage
  • Elevator(s)
  • Fitness Center
Subdivision Name:ISLAND TERRACE CONDO
Association Fee Includes:
  • Roof
  • Sewer
  • Water
  • Trash
  • Pest Control
  • Security
  • Maintenance Structure
  • Association Management
  • Insurance
  • Parking
  • Reserve Fund
  • Amenities
  • Laundry
Complex Name:Island Terrace
Senior Community:No
Restrictions: Other Restrictions, See Remarks

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,Skyline View,Water View
Housing Older Persons Act: No HOPA
Unit Design: Corner Unit,Interior Hall,Lobby
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Pet Fee: 500
Tax Information: Tax Reflects No Exemptions
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 150
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AE
Municipal Code: 2
Subdivision Number: 44
Buy State: Florida
Buyer Country of Residence: USA
Water Access Description:None

Zoning and Legal

Tax Legal Description:ISLAND TERRACE CONDO UNIT 7D UNDIV .9082% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 16699-0308 0295 1 COC 22244-4306 04 2004 1
Real Estate Folio Number (Parcel Number):02-32-33-044-0530
Public Survey Township:2
Public Survey Range:32
Public Survey Section:33

Listing History

Update/EventDate/Days
Published Date:March 1, 2024 3:35 pm
On Market Date:March 1, 2024
Close Date:April 22, 2024
Price Change Date Time:February 21, 2024 1:55 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:April 22, 2024 3:18 pm
Status Last Changed:April 22, 2024 3:18 pm
Photos Last Modified:March 1, 2024 8:44 pm
Last Modified:April 22, 2024 7:18 pm
Days on the Market Reference Date:April 22, 2024
Days on the Market (updated on Last Modified*):7
Cumulative Days on the Market (updated on Last Modified**):7

Additional Information

Unit Location:Corner Unit,Interior Hall,Lobby
Number of Photos Count:35
Area:32
Ref ID:1061924079
Automated Valuation Display:Yes
Courtesy of:Compass Florida, LLC.
Universal Property Id:US-12025-N-0232330440530-R-N

Location

Show Property Address:Yes
Street Name:Island Ave
Street Number:5
Street Address:5 Island Ave 7D
Unit Number:7D
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:5 Island Ave 7D, Miami Beach, FL 33139
Latitude:N25° 47' 26''
Longitude:W81° 51' 2''

Neighborhood

Postal City:Miami Beach

Property Map

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