PK-5 Grades
- Elementary
North Beach Elementary ↗
Attendance zone Elementary
Distance 2.0 mi
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ISLAND TERRACE CONDO · · MLS A12025234
5 Island Ave #2F
Asking price$458,000
LIVE · MLS · AS OF NOV 1, 2026
- Bedrooms
- 1
- Bathrooms · 1 full · 1 half
- 2
- Living area
- 950 SF
- Price per SF $482/SF
- Year built
- 1967
What's special
- On the water
- Ocean access
- Water view
- Doorman
Listed by Douglas Elliman
Description
Experience elevated Miami living in this fully remodeled residence on prestigious Belle Isle, offering breathtaking bay and downtown skyline views. This immaculate 1-bedroom, 1 full bath + 1 half bath home blends modern elegance with effortless coastal living. Featuring an open-concept layout with high ceilings and abundant natural light, the residence showcases sophisticated finishes, warm wood flooring, and a bright, airy ambiance throughout.
Continue reading
The designer kitchen is thoughtfully appointed with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into the living and dining spaces—perfect for both everyday living and entertaining. Located in an iconic Morris Lapidus building on the sought-after Venetian Islands, residents enjoy resort-style amenities including 24/7 front desk service, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, top dining, boutique shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Whether as a primary residence, vacation retreat, or investment opportunity, this turnkey residence offers luxury, convenience, and the best of Miami living. Water, cable, and internet.
Property information
The propertyAs the MLS records it
- Property type
- Condominium
- Year built
- 1967
- Garage spaces
- 1
- Stories
- 16
- Association fee
- $1,425 · Monthly
Size and layout
- Living area
- 950 SF
- Bedrooms
- 1
- Bathrooms
- 1 full · 1 half
Payment calculator
Estimated monthly payment
$4,615 per month
30-year fixed, 7.32% interest
- Principal and interest
- $2,517
- Property taxes
- $673
- Association dues
- $1,425
The calculator opens on the national average rate for a 30-year fixed-rate loan: 7.32% for the week of October 22, 2026. Source: Freddie Mac, Primary Mortgage Market Survey ↗
For illustration only: an estimate, not a loan offer or a quote. The tax is the last annual bill the MLS records for this property; in Florida a property is reassessed when it is sold, so a buyer's tax will differ. Insurance is not estimated: it is included only when you enter your own quote. The rate is a national weekly average, not the rate a lender will offer you: change it to the one you are quoted.
REQUEST A TOUR
See 5 Island Ave #2F in person.
Showings of 5 Island Ave #2F, Miami Beach, FL 33139 are by appointment. Send the request here, call or write on WhatsApp: Julian Acosta, real estate advisor with Compass, answers within one business day to confirm a day and a time.
How to request a showing
Send the request
Use the form on this page, call +1 (786) 473-2565 or write on WhatsApp.
Say when
Name the days and the times that suit you. A second option helps.
Julian confirms
He answers within one business day and confirms the day and the time with you.
The listing and who shows it
- Address
- 5 Island Ave #2F, Miami Beach, FL 33139
- MLS number
- A12025234
- Listed by
- Douglas Elliman
- Showings
- Julian Acosta, real estate advisor with Compass
- Reach him
- +1 (786) 473-2565 · WhatsApp ↗ · Text message · E-mail
No lists, no obligation.
Recent market sales nearby
◆ SOURCE · MLS CLOSED SALES · THE LAST TWELVE MONTHS- This home
- Closed sales, by number
Miami Beach market snapshot
Condominiums in Miami Beach · Closed sales of the last twelve monthsAs of NOV 1, 2026
- Closed sales
- 1,568
- Since NOV 1, 2025
- Median sale price
- $490,000
- Half closed for more, half for less
- Median price per SF
- $565
- Of the sales that state a living area
The market's sales, not sales by Julian Acosta
| Year | Median price per SF | Closed sales |
|---|---|---|
| 2020 | $377 | 1,497 |
| 2021 | $466 | 3,455 |
| 2022 | $515 | 3,020 |
| 2023 | $535 | 1,922 |
| 2024 | $560 |
Schools
Zoned public schools · Miami-Dade County Public Schools
6-8 Grades
- Middle
Nautilus Middle ↗
Attendance zone Middle
Distance 1.9 mi
9-12 Grades
- Senior high
Miami Beach Senior High ↗
Attendance zone Senior high
Distance 1.2 mi
Elementary · PK–5Middle · 6–8Senior high · 9–12 Color marks the grades a school serves, never a rating.
◆ SOURCE · MIAMI-DADE COUNTY GIS · ATTENDANCE BOUNDARIES EDITED SEP 21, 2026
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ABOUT THIS LISTING
Where this listing's information comes from.
◆ MIAMI REALTORS® · SOUTHEAST FLORIDA MLS◆ UPDATED NOV 1, 2026◆ MLS A12025234
The information on this page is supplied by the Southeast Florida Multiple Listing Service of the MIAMI Association of REALTORS®. It is deemed reliable but is not guaranteed accurate by the MLS, and it may have changed since the date above. It is provided for your personal, non-commercial use and may not be used for any purpose other than to identify properties you may be interested in purchasing. This listing is held by Douglas Elliman. Julian Acosta is a real estate advisor with Compass.
Compass Coral Gables · 1515 Sunset Dr, Suite 40, Coral Gables, FL 33143 · julian.acosta@compass.com · +1 (786) 473-2565
A listing shown here may be held by a brokerage other than Compass. To report an error in this listing's information, write to julian.acosta@compass.com.
