Home » Miami Beach » Island Terrace at 5 Island Ave Miami Beach » 5 Island Ave LF, Miami Beach, FL 33139 | A11722255

For Sale 5 Island Ave LF, Miami Beach, FL 33139

$515,000

Property Highlights

Listing ID A11722255 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. COMMUNITY POOL Year Built 1967 Waterfront Time of this property on Rebonus 20 Day(s)

5 Island Ave LF, Miami Beach, FL 33139

Property Description: Motivated seller. Modern and beautifully renovated 1B/1.5B with abundant natural light. This 1,100 square foot unit features 1 spacious master suite, 1 full and 1 half bathroom, a generous living room, an oversized open kitchen with dining area to entertain your friends & family and a private balcony. One assigned parking space is included. Island Terrace is a famous Morris Lapidus residence located in the heart of Miami Beach, in Belle Isle at the Venetian Islands, right across the Standard Hotel and walking distance to the popular Sunset Harbor shops, restaurants, pilates & yoga studios. Full amenities building including 24 hr concierge, exercise room & pool overlooking the bay. Assessment of $32,500 has been paid in full! Unit is located on the first floor and does not have water views.

Useful Info

Original List Price:$515,000
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:
  • Condo-Conversion
Architectural
Style:
  • Other
Entry Level (floor):1
Entry Level Location:1
Construction Materials:
  • Block
Flooring:
  • Vinyl
Number of stories:16

Property Features

View from the Property:
  • Other
Waterfront:Yes
Waterfront Features:
  • Bayfront
Swimming Pool Features:
  • Association
Security:
  • Door Man
Furnished:
  • Unfurnished
Appliances:
  • Dishwasher
  • Refrigerator
  • Built-in Oven
  • Electric Range
Interior Features:
  • First Floor Entry
  • Bedroom On Main Level
  • Main Living Area Entry Level
Exterior Features:
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$4,107

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:$1,536
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects Homestead Exemption

Terms

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

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Laundry
  • Elevator(s)
  • Fitness Center
Subdivision Name:ISLAND TERRACE CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Water
  • Trash
  • Cable Tv
  • Security
  • Maintenance Structure
  • Common Areas
  • Parking
  • Internet
  • Hot Water
  • Laundry
Complex Name:Island Terrace Condo
Senior Community:No
Restrictions:Ok To Lease

Parking

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

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit ViewOther View
Housing Older Persons ActUnverified
Unit DesignOther
Type of AssociationCondo
Minimum Number of Days for Lease360
Type of Governing BodiesCondominium
Pet Fee0
Tax InformationTax Reflects Homestead Exemption
Number of times allowed to lease per year1
Flood ZoneAE
Homeowner's Association Application Fee200
StyleCondo 5+ Stories
FEMA Flood Zone DesignationsAE
Municipal Code2
Ref1102621888
Subdivision Number44
Water Access Description:None

Zoning and Legal

Tax Legal Description:ISLAND TERRACE CONDO UNIT L-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 16065-0315 0993 1
Real Estate Folio Number (Parcel Number):02-32-33-044-0030
Public Survey Township:2
Public Survey Range:32
Public Survey Section:33

Listing History

Update/EventDate/Days
Published Date:January 10, 2025 3:40 pm
On Market Date:January 10, 2025
Price Change Date Time:January 10, 2025 3:29 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:January 10, 2025 3:40 pm
Status Last Changed:January 10, 2025 3:40 pm
Photos Last Modified:January 10, 2025 9:04 pm
Last Modified:January 11, 2025 2:01 am
Days on the Market Reference Date:January 11, 2025
Days on the Market (updated on Last Modified*):0
Cumulative Days on the Market (updated on Last Modified**):0

Additional Information

Unit Location:Other
Number of Photos:39
Location:,,
Included:,,
Area:32
Courtesy of:London Foster Realty
Universal Property Id:US-12025-N-0232330440030-R-N

Location

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

Neighborhood

Postal City:Miami Beach

Property Map

Mortgage Calculator

Please note: The calculator shows the current listing asking price as home value. Update all fields at your convenience.

Calculate Your Mortgage Payment

$.00
$.00
6.5
30

Taxes and Insurance

$.00
$.00
%

Financial Analysis

%

%

$

$

$

$

$