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$525,000   Price Analysis
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5 Island Ave Apt 5G
Miami Beach, FL 33139
1 bed 2 bath 950 SqFt ($552/SqFt)
Built 1967
Listed 2024-07-01, HOA $1280, Taxes $3,857
Ⓧ USDA Ineligible
due to location

near Miami Beach

Investor opportunity!

Crete 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 you r new vision.

Located in a quiet residential community, steps away from friendly dog park, Standard Hotel and 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.


Presented by Karen Holst at
Fortune Christie's International Real Estate.
Listing Agent Photo

Property MLS #A11612513 from MiamiMLS

Bedrooms: 1

Total Bathrooms: 2
Full Bathrooms: 1
1/2 Bathrooms: 1

FirstFloorEntry
LivingDiningRoom
Pantry
TubShower
Flooring: Tile
Window Features: Blinds

Dishwasher
Microwave
Refrigerator
Laundry Features: CommonArea

Great Room

Cooling Features: CentralAir
Heating Features: Central
Heating: Yes

Balcony
Patio And Porch Features: Balcony, Open

BayFront

Covered Spaces: 1
Garage Spaces: 1
Parking Features: Assigned, Covered, OneSpace

View: Bay, Pool
Security Features: ClosedCircuitCameras, DoorMan, LobbySecured

Association: Yes
Association Amenities: BikeStorage, Clubhouse, Laundry, Pool, VehicleWashArea, Elevators
Association Fee: 1280
Association Fee Frequency: Monthly
Association Fee Includes: AssociationManagement, Amenities, CommonAreas, CableTV, Insurance, Internet, Laundry, MaintenanceGrounds, MaintenanceStructure, PestControl, Pools, Sewer, Security, Trash, Water
Calculated Total Monthly Association Fees: 1280
Pets Allowed: SizeLimit, Yes

Number of Units In Community: 139
Unit Type: High Rise

Application Fee: 100

Annual Tax Amount: 7867
Source Listing Status: Active
County: Miami-Dade County
Directions: Located off Venetian Causeway on Belle Isle.
Tax Year: 2023
Source Property Type: Residential
Property Subtype: condo
Source Neighborhood: ISLAND TERRACE CONDO
Parcel Number: 02-32-33-044-0360
Postal City: Miami Beach
Postal Code Plus 4: 1322
Subdivision: ISLAND TERRACE CONDO
Property Subtype: Condominium
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$276,979
$3,857
2021$unknown + $unknown
$268,912
$3,826
2020$265,200 + $unknown
$265,200
$3,770
2019$290,900 + $unknown
$290,900
$5,637
2018$unknown + $unknown
$293,948
$5,558
2017$284,352 + $unknown
$284,352
$5,208
2016$unknown + $unknown
$242,933
$4,885
2015$unknown + $unknown
$220,849
$4,717
2014$unknown + $unknown
$200,772
$4,108
2013$unknown + $unknown
$182,520
$3,711
2012$unknown + $unknown
$165,930
$3,396
2011$unknown + $unknown
$153,640
$3,180
2010$unknown + $unknown
$170,710
$3,766
2009$unknown + $unknown
$189,680
$3,901
2008$unknown + $unknown
$223,150
$4,524
2007$unknown + $unknown
$318,790
$6,431

Listed 2024-07-01
$525,000
MiamiMLS
Listing removed 2024-06-28
$0
BeachesMLSMatrix
Listing removed 2024-06-11
$0
MiamiMLS
Listed 2024-06-10
$545,000
BeachesMLSMatrix
Price Changed 2024-05-28
$544,500
MiamiMLS
Listing removed 2024-05-07
$0
MiamiMLS
Price Changed 2024-05-06
$545,000
MiamiMLS
Listing removed 2024-05-04
$0
Zumper
Listed for rent 2024-05-02
$2,650
Zumper
Listing removed 2024-04-26
$0
Zumper
Listed for rent 2024-04-25
$2,650
Zumper
Listed for rent 2024-04-18
$2,650
MiamiMLS
Listed 2024-04-04
$550,000
MiamiMLS
Sold 2004-11-12
$250,000
Public Record
Sold 1997-01-17
$84,500
Public Record

Total Square Feet Living: 950
Year Built: 1967
Building Area Total: 950
Building Features: ExteriorLighting
Construction Materials: Block
Direction Faces: South
Entry Level: 5
Entry Location: 5
Property Age: 57
Property Attached: Yes
Building Total Stories: 16
House Style: Condo 5+ Stories
Year Built Details: Resale
Architectural Style: HighRise

CableAvailable

Miami Beach Senior High School is a public high school located approximately 1.2 miles away.
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Nautilus Middle School is a public middle school located approximately 1.9 miles away.
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North Beach Elementary School is a public elementary school located approximately 2 miles away.
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Mechina Of South Florida is a private middle and high school located approximately 0.7 miles away.
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Click Thumbnail Images To View Full Size
unknownbedroomdining_roombedroomunknown
bedroombedroombathroombathroombathroom
kitchendining_roomunknownporchhouse_view
living_roomunknown

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.