Home » Miami Beach » Island Terrace at 5 Island Ave Miami Beach » 5 Island Ave 16E, Miami Beach, FL 33139 | A11564582

5 Island Ave 16E, Miami Beach, FL 33139 | Sold

$589,999
closed for a price of $570,000

Property Highlights

Listing ID A11564582 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bedrooms 2 Bathrooms Total 1 Full Bath 1 Half Bath Living Space 950 Sqft/88.26 m2 approx. Building Area 950 Sqft/88.26 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 39 Days
34 Photos of this Property

5 Island Ave 16E, Miami Beach, FL 33139

Property Description: This is the LIFE in Miami Beach-step into the MOST spectacular view on the beach in this, the ONLY unit with floor to ceiling windows! Unmatched location-just steps to The Standard, Sunset Harbor dining and boating. This unit is priced to SELL!

Residential Condominium Sold located at 5 Island Ave 16E Miami Beach FL 33139 in Miami-Dade County referenced as ID MLS # A11564582. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:Pending Inspections
Original List Price:$589,999
Close Price:$570,000
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):16
Entry Level Location:16
Construction Materials:
  • Block
Flooring:
  • Carpet
  • Ceramic Tile
Number of stories:16

Property Features

Has View:Yes
View from the Property:
  • Water
  • Bay
Waterfront:Yes
Waterfront Features:
  • Intracoastal Access
  • Bay Front
Swimming Pool Features:
  • Association
Security:
  • Lobby Secured
Appliances:
  • Dishwasher
  • Refrigerator
  • Electric Range
Interior Features:
  • Bedroom On Main Level
Exterior Features:
  • Other
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Property Entrance Faces:
  • West

Taxes and Expenses

Tax Annual Amount:$6,648

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:$1,288
Association Fee Frequency:
  • Monthly
Association Fee 3rd HOA:$1,288
Association Fee 3rd HOA Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

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

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Clubhouse
  • Other
  • Barbecue
  • Picnic Area
Subdivision Name:ISLAND TERRACE CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Cable Tv
  • Other
  • Insurance
  • Internet
  • Amenities
Complex Name:Island Terrace Condo
Senior Community:No
Development Name:Island Terrace Condo
Restrictions: Okay to Lease within 1st Year of Ownership, Other Restrictions, OK To Lease

Parking

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

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

Elementary School:Warren Hope Dawson Elementary
High School:Miami Beach
Middle Or Junior School:Nautilus

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit View: Bay,Water View
Housing Older Persons Act: No HOPA
Unit Design: High Rise
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Pet Fee: 250
Tax Information: Tax Reflects No Exemptions
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: 2
PACE (Property Assessed Clean Energy) program: 0
Subdivision Number: 44
Buy State: Florida
Buyer Country of Residence: USA
Water Access Description:Restricted Salt Water Access

Zoning and Legal

Tax Legal Description:ISLAND TERRACE CONDO UNIT 16-E UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 9559 1104
Real Estate Folio Number (Parcel Number):02-32-33-044-1340
Public Survey Township:2
Public Survey Range:32
Public Survey Section:33

Listing History

Update/EventDate/Days
Published Date:April 6, 2024 10:45 am
On Market Date:April 1, 2024
Close Date:May 15, 2024
Price Change Date Time:April 6, 2024 10:45 am
Last Important Update Description:Closed
Date and Time of Last Important Update:June 20, 2024 8:34 am
Status Last Changed:June 20, 2024 8:34 am
Photos Last Modified:April 6, 2024 3:12 pm
Last Modified:June 20, 2024 12:34 pm
Days on the Market Reference Date:June 20, 2024
Days on the Market (updated on Last Modified*):5
Cumulative Days on the Market (updated on Last Modified**):322

Additional Information

Unit Location:High Rise
Number of Photos Count:34
Area:32
Ref ID:1065331436
Courtesy of:Keller Williams Eagle Realty
Universal Property Id:US-12025-N-0232330441340-R-N

Location

Show Property Address:Yes
Street Name:Island Ave
Street Number:5
Street Address:5 Island Ave 16E
Unit Number:16E
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:5 Island Ave 16E, Miami Beach, FL 33139
Latitude:N25° 47' 26''
Longitude:W81° 51' 2''

Neighborhood

Postal City:Miami Beach

Property Map

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