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Island Terrace

Island Terrace

Island Terrace
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

139 Units
16 Stories
1967 Year Built
$444K - $1.6M Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Doorman
  • North Beach Elementary School Rated A-
  • Ocean View
  • Boat Dock
  • Property fronts gulf or ocean
  • 2 min walk to Belle Isle Park

Waterfront living on Belle Isle

Island Terrace, a 16-story condominium tower on Belle Isle, offers a prime location in Miami Beach's Venetian Islands. Completed in 1967, this Morris Lapidus-designed building houses 139 units with stunning views of Biscayne Bay and the Miami skyline. The structure stands as a testament to mid-century modern architecture, featuring clean lines and a symmetrical facade with evenly spaced balconies. Situated just steps from the Standard Hotel and Spa, Island Terrace provides residents with easy access to the vibrant Sunset Harbour neighborhood and the cultural attractions of South Beach.

Spacious residences with panoramic views

Island Terrace offers a diverse range of floor plans to suit various lifestyles. The building features 1, 2, and 4-bedroom units, ranging from intimate 680 square foot spaces to expansive 1,900 square foot residences. One-bedroom units, priced from $440,000 to $670,000, offer up to two bathrooms and generous living areas. Two-bedroom units, available from $467,061 to $1,100,000, provide 985 to 1,900 square feet of living space with two to three bathrooms. For those seeking more room, 4-bedroom units offer approximately 1,000 square feet with two and a half bathrooms. Many units have undergone extensive renovations, boasting modern finishes and high-end appliances. Kitchens often feature custom cabinetry, quartz or marble countertops, and top-of-the-line appliances from brands like Wolf, Miele, and Bosch. Bathrooms have been updated with luxurious touches such as frameless glass showers, soaking tubs, and custom vanities. Throughout the units, residents can find elegant details like wide-plank European White Oak hardwood floors, custom closets, and floor-to-ceiling windows that frame breathtaking views of Biscayne Bay, the Venetian Islands, and the Miami skyline. Select units boast additional upgrades such as smart home features, surround sound systems, and custom lighting. Many residences include spacious terraces or balconies, perfect for al fresco dining or simply enjoying the coastal breeze. With their open layouts and abundant natural light, these homes provide an ideal setting for both relaxation and entertaining.

Waterfront leisure and modern conveniences

Island Terrace offers a range of amenities designed to enhance the coastal living experience. The centerpiece is the heated bayfront pool, providing a refreshing retreat with stunning views of Biscayne Bay. Adjacent to the pool, residents can find a patio area furnished with comfortable seating and umbrellas, perfect for lounging or socializing. For fitness enthusiasts, the building features a newly renovated gym equipped with modern exercise machines and free weights. Those who prefer outdoor activities can take advantage of the kayak launch, allowing easy access to the bay for water sports. Bicycle storage is available for residents who enjoy exploring the neighborhood on two wheels. The building's audiovisual system and double-insulated walls ensure a peaceful living environment, while the reverse osmosis water filter provides high-quality drinking water throughout the property. For added convenience, Island Terrace offers a community room for gatherings and events, as well as on-site laundry facilities. Security and convenience are prioritized with 24-hour front desk service and on-site management. Residents benefit from assigned covered parking, and guests can take advantage of complimentary parking. Additional storage units are available for residents needing extra space. Island Terrace's commitment to modern living is evident in its provision of basic cable and internet services, included in the condominium fees. The building's BBQ area offers a perfect spot for residents to gather and enjoy outdoor cooking with friends and family.

Island living with urban convenience

Island Terrace's location on Belle Isle places residents in the heart of the coveted Venetian Islands neighborhood. This unique setting offers a perfect balance of tranquil island living and easy access to Miami Beach's vibrant urban amenities. Just steps from the building, Belle Isle Park provides a lush green space for outdoor recreation. The park features walking trails, a playground, and a dog park, making it a favorite spot for residents to enjoy the Florida sunshine. The nearby Standard Hotel and Spa offers world-class wellness facilities and dining options, adding a touch of luxury to the neighborhood. A short walk or bike ride takes residents to the popular Sunset Harbour area, known for its eclectic mix of boutique shops, fitness studios, and acclaimed restaurants. Here, residents can find gourmet grocery options at The Fresh Market or enjoy a meal at one of the many waterfront eateries. For those seeking retail therapy, Lincoln Road Mall is within easy reach. This pedestrian-friendly outdoor shopping district is home to a diverse array of stores, from high-end designer boutiques to popular chain retailers. The nearby Sunset Harbour Shops offer additional shopping and dining options in a more intimate setting. Culture enthusiasts will appreciate the proximity to South Beach's art deco district and its many galleries and museums. Beach lovers can easily access the pristine sands of Miami Beach, perfect for sunbathing, swimming, and water sports. The Miami Beach Botanical Garden, located about a mile from Island Terrace, provides a serene escape with its lush tropical plantings and peaceful walking paths. For everyday conveniences, residents can find a Trader Joe's and several local markets within walking distance. The neighborhood also boasts a variety of fitness options, including popular studios like Anatomy and SWEAT440, catering to diverse workout preferences.

Connected island living

While Island Terrace enjoys a secluded island setting, it offers convenient access to various transportation options. The Venetian Causeway provides a direct link to downtown Miami and the mainland, making commutes and city exploration effortless. For those preferring public transit, the Metromover system is accessible via the Adrienne Arsht Center station, located about 2.5 miles away. This free people mover connects to key areas of downtown Miami and the Brickell financial district. The Bayfront Park station, offering additional Metromover routes, is approximately 4 miles from the property. Cyclists will appreciate the bike-friendly nature of the Venetian Islands, with scenic routes to both Miami Beach and downtown Miami. The building's bike storage facilities make it convenient for residents to maintain and access their bicycles. For air travel, Miami International Airport is about a 30-minute drive from Island Terrace, while Fort Lauderdale/Hollywood International Airport can be reached in approximately 40 minutes. These convenient connections make Island Terrace an ideal home base for frequent travelers or those with business ties to other parts of the region. The building's location allows for access to various roadways, facilitating travel throughout the greater Miami area. Island Terrace's prime location on Belle Isle strikes a balance between island seclusion and urban accessibility, offering residents the best of both worlds in terms of lifestyle and transportation options.

Available Condos

No units matching this criteria are available right now.

Building Details

Views

  • Ocean
  • Intracoastal
  • Bay
  • Skyline
  • Pool

Recreation

  • In Ground Pool
  • Above Ground Pool
  • Heated Community Pool
  • Boat Dock
  • Fitness Center

Outdoor Features

  • Property fronts gulf or ocean
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • Sundeck
  • Community Barbecue Grill

Amenities

  • Doorman
  • Community Center
  • Party Room
  • Laundry Facilities
  • Bike Room
  • Community Storage Space
  • Card or Code Access

Parking

  • 1 Garage Space Per Unit
  • 1 Car Garage
  • Assigned Parking

Pet Policy

  • Pet Size Limit
  • Breed Restrictions

Condo Association

  • $1,536 Monthly HOA Fees
  • Monthly HOA Fees Range from $1,269 - $2,077
  • Island Terrace Condos
  • Island Terrace Condo Subdivision

Building Design

  • Elevator
  • High Impact Door
  • High-Rise Condominium
  • Trash Chute
  • Secure Lobby
  • Secure Elevator

Unit Features

  • Balcony

Unit Information

Unit
2C
3C
4E
4F
4H
5G
8B
15F
15G
LF
Beds
2 Beds
2 Beds
1 Bed
1 Bed
2 Beds
1 Bed
1 Bed
1 Bed
1 Bed
1 Bed
Baths
2 Baths
2 Baths
1.5 Baths
1.5 Baths
2 Baths
1.5 Baths
1.5 Baths
2 Baths
1.5 Baths
1.5 Baths
Sq Ft
1,305
1,305
950
950
1,302
950
950
950
950
950
Price
$1,250,000
$950,000
$575,000
$499,000
$750,000
$522,000
$528,000
$699,000
$635,000
$499,000
Price / Sq Ft
$958 / Sq Ft
$728 / Sq Ft
$605 / Sq Ft
$525 / Sq Ft
$576 / Sq Ft
$549 / Sq Ft
$556 / Sq Ft
$736 / Sq Ft
$668 / Sq Ft
$525 / Sq Ft
List Date
02/07/2025
11/30/2024
01/14/2025
04/07/2025
03/31/2025
07/01/2024
10/16/2024
01/31/2025
02/28/2025
01/10/2025

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
680 - 1,333
Est. Values
$444,010 - $893,664
2 Bedroom Units
Sq Ft Range
985 - 1,900
Est. Values
$612,888 - $1,638,860
4 Bedroom Units
Sq Ft Range
950
Est. Values
$1,537,567
All Units
Sq Ft Range
680 - 1,900
Est. Values
$444,010 - $1,638,860

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Very Bikeable

Bike Score®

76 / 100

Somewhat Walkable

Walk Score®

66 / 100

Some Transit

Transit Score®

35 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

80 / 100

--

Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$100K - $1.1M
Range of Taxes in Building
$657 - $18,568
Range of Taxes per Sq Ft
$0.69 - $12.46

Property Tax History

Source: Public Records

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