Home » Miami Beach » Island Terrace at 5 Island Ave Miami Beach » 5 Island Ave 4K, Miami Beach, FL 33139 | A11556197

5 Island Ave 4K, Miami Beach, FL 33139 | For Sale

$495,000

Property Highlights

Listing ID A11556197 Status of this Listing: Active For Sale 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 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 on Rebonus 178 Day(s)
16 Photos of this Property

5 Island Ave 4K, Miami Beach, FL 33139

Property Description: 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.

Useful Info

Original List Price:$495,000
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
Property Condition:
  • Updated/remodeled
Entry Level (floor):4
Entry Level Location:4
Construction Materials:
  • Block
Flooring:
  • Ceramic Tile
Number of stories:16

Property Features

Has View:Yes
View from the Property:
  • Garden
  • Bay
Waterfront:Yes
Waterfront Features:
  • Bayfront
Swimming Pool Features:
  • Association
Security:
  • Door Man
  • Lobby Secured
Furnished:
  • Unfurnished
Appliances:
  • Dishwasher
  • Refrigerator
  • Electric Range
Interior Features:
  • Bedroom On Main Level
  • Elevator
  • Main Living Area Entry Level
Exterior Features:
  • Patio
Patio and Porch Features:
  • Patio
Window Features:
  • Blinds
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Property Entrance Faces:
  • North

Taxes and Expenses

Tax Annual Amount:$3,774

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 Frequency:
  • Monthly
Association Fee 3rd HOA:$1,084
Association Fee 3rd HOA Frequency:
  • Monthly
Property Tax Status:Tax Reflects Homestead Tax

Terms

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

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Laundry
  • Storage
  • Elevator(s)
  • Fitness Center
Subdivision Name:ISLAND TERRACE CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Sewer
  • Water
  • Trash
  • Pest Control
  • Pool(s)
  • Maintenance Structure
  • Common Areas
  • Association Management
  • Insurance
  • Reserve Fund
  • Amenities
  • Laundry
Complex Name:Island Terrace
Senior Community:No

Parking

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

More Details

Other Information:
Unit View: Bay,Garden View
Housing Older Persons Act: No HOPA
Unit Design: East Of Us1,Lobby,Substantially Remodeled
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Pet Fee: 0
Tax Information: Tax Reflects Homestead Tax
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
Water Access Description:None

Zoning and Legal

Tax Legal Description:ISLAND TERRACE CONDO UNIT 4-K UNDIV .5574% INT IN COMMON ELEMENTS CLERKS FILE 74R- 239278 OR 16468-1218 0694 4
Real Estate Folio Number (Parcel Number):02-32-33-044-0290
Public Survey Township:2
Public Survey Range:32
Public Survey Section:33

Listing History

Update/EventDate/Days
Published Date:March 26, 2024 9:16 am
On Market Date:March 25, 2024
Price Change Date Time:March 25, 2024 9:59 am
Last Important Update Description:New Listing
Date and Time of Last Important Update:March 26, 2024 9:16 am
Status Last Changed:March 26, 2024 9:16 am
Photos Last Modified:May 23, 2024 7:34 pm
Last Modified:September 11, 2024 4:28 pm
Days on the Market Reference Date:September 11, 2024
Days on the Market (updated on Last Modified*):170
Cumulative Days on the Market (updated on Last Modified**):170

Additional Information

Unit Location:East Of Us1,Lobby,Substantially Remodeled
Number of Photos Count:16
Area:32
Ref ID:1064846950
Courtesy of:Gary Hennes Realtors
Universal Property Id:US-12025-N-0232330440290-R-N

Location

Show Property Address:Yes
Street Name:Island Ave
Street Number:5
Street Address:5 Island Ave 4K
Unit Number:4K
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade
Full Address:5 Island Ave 4K, Miami Beach, FL 33139
Latitude:N25° 47' 26''
Longitude:W81° 51' 2''

Neighborhood

Postal City:Miami Beach

Property Map

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