ISLAND TERRACE photo 1

ISLAND TERRACE

5 Island Ave, Miami Beach, FL

For Sale

For Rent

List Price

$400K - $950K

Year Built

1967

About ISLAND TERRACE

Island Terrace on Miami Beach's exclusive Venetian Islands offers a serene waterfront lifestyle with stunning views of Biscayne Bay and the Intracoastal. This 16-story condominium, designed by Morris Lapidus, features a range of units from cozy one-bedrooms to spacious four-bedroom residences, all with access to resort-style amenities like a heated pool, gym, and 24-hour security. Residents enjoy the convenience of nearby parks, top-tier dining, and boutique shopping, making it an ideal location for both personal enjoyment and investment potential. With its pet-friendly policy and gated community, Island Terrace provides a secure and tranquil environment for those seeking a blend of luxury and community living.

Hala Huneidi

halahuneidiproperties@gmail.com

Exclusive availability at ISLAND TERRACE

Key Building Details

Neighborhood
Miami Beach
Avg Price / Sq Ft

$544

Avg Assoc. Fee

$1,425 – $1,924 / mo

Sq Ft

680–1,900

Sales Stats

Key averages for this building

Avg List Price

$602,000

Avg List Price / Sq Ft

$544

Avg Sale Price

$564,667*

*Past 6 months

Avg Sale Price / Sq Ft

$530*

*Past 6 months

66*

Avg Days on Market

*Past 6 months

Sales History

Sold by month

October 20260
September 20261
August 20261
July 20260
June 20260
May 20260

Listings at ISLAND TERRACE

Unit 3C
$950,000
2 bd2 ba
For Sale·Unit 3C

Compass Florida, LLC

Unit 8H
$925,000
2 bd2 ba
For Sale·Unit 8H

Trust Group Realty LLC

Unit 6A
$400,000
1 bd2 ba
For Sale·Unit 6A

Coldwell Banker Realty

Unit 2F
$458,000
1 bd2 ba
For Sale·Unit 2F

Douglas Elliman

Unit LE
$459,000
1 bd2 ba
For Sale·Unit LE

Brown Harris Stevens

Unit 5A
$420,000
1 bd2 ba
For Sale·Unit 5A

Person to Person Realty Inc

Building Amenities

Pool & Spa

Above Ground, Association, Auto Pool Clean, Automatic Chlorination, Community, Heated, In Ground, Private

Sport & Fitness

Gym, Lawn/Pool Maintenance, Pool

Parking

1 Space, 2 Or More Spaces, Assigned, Attached Carport, Covered, Detached, Garage, Guest, On Street, Parking-Under Building, Valet

General Amenities

Gated Community, Laundry Facilities, On-Site Management, Security Patrol, Street Lights

Gated Community

Yes

Pet Policy

Pet Friendly

Additional Details

Waterfront

Waterfront Access, Bay Access, Bayfront, Canal Width 121 Feet Or More, Intracoastal Access, Intracoastal Front, No Fixed Bridges, Ocean Access, Seawall, Waterfront, Bay, Direct Ocean, Garden, Garden View, Intercoastal, Intracoastal View, Ocean View, Pool View, Skyline, Water View

Exterior Features

Balcony, Courtyard, East Of Us1, Lighting, Open Balcony, Outdoor Living Area, Outdoor Shower, Porch

Security Features

Building Security, Closed Circuit Camera(s), Complex Fenced, Curr Owner Wind Mit, Doorman, Elevator Secure, Fire Alarm, Fire Sprinklers, Intercom In Lobby, Key Card Entry, Key Card Entry Parking, Lobby Attended, Lobby Secured, Phone Entry, Private Guards, Secured Garage/Parking, Security Guard, Security Patrol, Security System, Smoke Detector, Stairs Secured, TV Camera, TV Monitor

Construction

Aluminum Siding, Brick, Concrete Block (CBS)

Mortgage Calculator

Estimate your monthly mortgage payment

Estimated Monthly Payment: $3,963/mo

Home Price
USD
Down Payment
USD
%
Interest Rate
%
Property Tax Rate
%
HOA / mo
USD
Insurance / mo
USD
Loan Type
Principal & Interest
$2,054
Property Taxes
$367
Home Insurance
$117
HOA
$1,425

This calculator provides estimates for informational purposes only and does not constitute a loan offer or financial advice. Actual rates, terms, and payments may vary.

Location in Miami Beach

Nearby Schools