Home » Miami Beach » Island Terrace at 5 Island Ave Miami Beach » 5 Island Ave 5G, Miami Beach, FL 33139 | A11612513

5 Island Ave 5G, Miami Beach, FL 33139 | For Sale

$525,000

Property Highlights

Listing ID A11612513 Status of this Listing: Active For Sale 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. Year Built 1967 This listing had previously gone off the market, and it is now Back on the Market. 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 81 Day(s)
17 Photos of this Property

5 Island Ave 5G, Miami Beach, FL 33139

Property Description: Investor opportunity! Create your dream home in highly desirable Belle Isle in Miami Beach. Your blank canvas awaits in this charming residential building by famed architect Morris Lapidus. Oversized 1 bed with dazzling bay views ready for your new vision. Located in a quiet residential community, steps away from friendly dog park, Standard Hotel & Spa, and Sunset Harbor. 50 year recertification currently underway. Seller will pay off assessment balance prior to closing. Rental restrictions 1 year. No in-unit laundry, shared washer/dryer on each floor. Includes private storage locker.

Useful Info

Contingency:Pending Inspections
Original List Price:$525,000
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
Architectural Style:
  • High Rise
Entry Level (floor):5
Entry Level Location:5
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:16
Number of Units in the Community or Building:139

Property Features

Has View:Yes
View from the Property:
  • Pool
  • Bay
Waterfront:Yes
Waterfront Features:
  • Bayfront
Security:
  • Door Man
  • Lobby Secured
  • Closed Circuit Camera(s)
Appliances:
  • Dishwasher
  • Microwave
  • Refrigerator
Interior Features:
  • Living/dining Room
  • First Floor Entry
  • Pantry
  • Tub Shower
Exterior Features:
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Window Features:
  • Blinds
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Building Features:
  • Exterior Lighting
Property Entrance Faces:
  • South

Taxes and Expenses

Tax Annual Amount:$7,867

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:$1,280
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Disclosures:
  • Special Assessment
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Vacant
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Pets Allowed?:
  • Size Limit (There are size restrictions on allowed pets)
  • Yes
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Bike Storage
  • Vehicle Wash Area
  • Clubhouse
  • Laundry
  • Elevator(s)
Subdivision Name:ISLAND TERRACE CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pest Control
  • Pool(s)
  • Security
  • Maintenance Structure
  • Common Areas
  • Association Management
  • Insurance
  • Internet
  • Amenities
  • Laundry
Complex Name:ISLAND TERRACE
Senior Community:No
Restrictions: Okay to Lease within 1st Year of Ownership, OK To Lease

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,Pool Area 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: Homeowner Association
Pet Fee: 0
Tax Information: Tax Reflects No Exemptions
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 100
Rooms Description: Great Room
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 5-G UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 18394-4994 1298 4 COC 22818-3141 11 2004 1
Real Estate Folio Number (Parcel Number):02-32-33-044-0360
Public Survey Township:2
Public Survey Range:32
Public Survey Section:33

Listing History

Update/EventDate/Days
Published Date:July 1, 2024 5:05 pm
On Market Date:July 1, 2024
Price Change Date Time:June 24, 2024 5:18 pm
Last Important Update Description:Back On Market
Date and Time of Last Important Update:August 9, 2024 9:49 am
Status Last Changed:August 9, 2024 9:49 am
Photos Last Modified:July 26, 2024 7:38 pm
Last Modified:August 19, 2024 2:38 pm
Days on the Market Reference Date:August 19, 2024
Days on the Market (updated on Last Modified*):33
Cumulative Days on the Market (updated on Last Modified**):117

Additional Information

Unit Location:High Rise
Number of Photos Count:17
Area:32
Ref ID:1076998649
Automated Valuation Display:Yes
Courtesy of:Fortune International Realty
Universal Property Id:US-12025-N-0232330440360-R-N

Location

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

Neighborhood

Postal City:Miami Beach

Property Map

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