$458,000list price
Price cut$41,995
1 bd · 1.5 ba · 950 sq ft Condo or villa
5 ISLAND AVE #2F, MIAMI BEACH, FL 33139
Listing courtesy of Douglas Elliman. MLS# A12025234.On the MLS · Listed May 25
$449,000
5 ISLAND AVE #LF, MIAMI BEACH, FL 33139
1 bed1.5 baths950 sq ftCondo or villaBuilt 1967
Updated today, November 7, 2026This home against Belle Isle
$473 per sq ft, 40% under the Belle Isle median
3 days on the market
$6,309 in property taxes (2025)
Waterfront
1 car garage
Belle Isle today: 30 homes for sale, median list price $937,500.
About this home
Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed SunsetHarbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed byrenowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combinesconvenience and privacy with direct access to the pool deck - no elevator needed. Filled with natural light, theapartment features generous living spaces, large volumes and a functional layout. The primary suite includes anensuite bathroom and a walk-in closet, complemented by a guest bathroom. Enjoy a unique indoor-outdoorlifestyle with your morning coffee just steps from the bay front. The building offers a waterfront pool with infinityviews of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas,24-hour front desk service and onsite management. Pet-friendly. A Venetian Island gem, with great walkability,just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks fromTrader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops & restaurants,and Lincoln Road!Includes 1 assigned parking space and hurricane-impact windows. An ideal primary residence or second homecombining location, comfort and lifestyle.
Zoned schools
Elementary: North Beach Elementary School
Middle: Miami Beach Nautilus Middle School
High: Miami Beach Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Belle Isle Park, 0 mi
Beach: Miami Beach, 1.3 mi
Grocery: Trader Joe's, 0.4 mi
Distances from the center of Belle Isle, MIAMI BEACH.
Listing courtesy of One Sotheby's International Realty. MLS# A12115533.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed November 3, 2026.
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