Island Terrace 5 Island Ave Unit 8B Miami Beach, FL 33139
Venetian Islands NeighborhoodEstimated payment $4,782/month
Total Views
4,140
1
Bed
1.5
Baths
950
Sq Ft
$556
Price per Sq Ft
Highlights
- Doorman
- Property Fronts a Bay or Harbor
- Community Pool
- North Beach Elementary School Rated A-
- Fitness Center
- 2-minute walk to Belle Isle Park
About This Home
Beautifully appointed & remodeled 1 bedroom, 1.5-bathroom condo at Island Terrace, a boutique waterfront building on highly desired Belle Isle by Venetian Causeway, Miami Beach. Unit in great condition! Enjoy North, NE and West water views towards the bay, Miami, and Miami Beach from the open balcony with new impact door. Stunning downtown and bay views from pool / patio. Bathrooms are renovated modern. The kitchen has new LG appliances. Maintenance fee includes reserves, hot water, cable, internet, fully equipped exercise room, swimming pool, work from home space, 24/7 concierge. Island Terrace was designed by famed architect Morris Lapidus. Just a 10-min. drive to Downtown. Walk to Lincoln Rd, Trader Joes, and more. Enjoy the wonderful park w/dog pk on Belle Isle.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,311
Year Built
- Built in 1967
HOA Fees
- $1,559 Monthly HOA Fees
Parking
- 1 Car Garage
- Assigned Parking
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 950 Sq Ft Home
- Blinds
- Combination Dining and Living Room
Kitchen
- Self-Cleaning Oven
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- Walk-In Closet
- Dual Sinks
- Shower Only
Home Security
Schools
- Miami Beach High School
Additional Features
- Property Fronts a Bay or Harbor
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-32-33-044-0610
Community Details
Overview
- High-Rise Condominium
- Island Terrace Condos
- Island Terrace Condo Subdivision
- Car Wash Area
- Property has 1 Level
Amenities
- Doorman
- Community Center
- Party Room
- Laundry Facilities
- Secure Lobby
Recreation
Pet Policy
- Breed Restrictions
Security
- Card or Code Access
- Secure Elevator
- Partial Panel Shutters or Awnings
- Partial Impact Glass
- Complete Storm Protection
Map
About Island Terrace
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,311 | $222,867 | -- | -- |
| 2023 | $3,311 | $216,376 | $0 | $0 |
| 2022 | $3,172 | $210,074 | $0 | $0 |
| 2021 | $3,148 | $203,956 | $0 | $0 |
| 2020 | $3,104 | $201,141 | $0 | $0 |
| 2019 | $3,020 | $196,619 | $0 | $0 |
| 2018 | $2,856 | $192,953 | $0 | $0 |
| 2017 | $2,822 | $188,985 | $0 | $0 |
| 2016 | $2,807 | $185,098 | $0 | $0 |
| 2015 | $2,841 | $183,812 | $0 | $0 |
| 2014 | $2,888 | $182,354 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | Price Changed | $528,000 | -3.6% | $556 / Sq Ft |
| 03/26/2025 03/26/25 | Price Changed | $548,000 | -2.0% | $577 / Sq Ft |
| 03/10/2025 03/10/25 | Price Changed | $559,000 | +1.7% | $588 / Sq Ft |
| 01/16/2025 01/16/25 | Price Changed | $549,500 | -5.3% | $578 / Sq Ft |
| 10/16/2024 10/16/24 | For Sale | $580,000 | +141.7% | $611 / Sq Ft |
| 09/12/2012 09/12/12 | Sold | $240,000 | 0.0% | $253 / Sq Ft |
| 08/13/2012 08/13/12 | Pending | -- | -- | -- |
| 08/01/2012 08/01/12 | For Sale | $240,000 | -- | $253 / Sq Ft |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $240,000 | Attorney | |
| Warranty Deed | $150,000 | Attorney | |
| Warranty Deed | $230,000 | Attorney | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $163,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional | |
| Previous Owner | $207,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Miami Beach, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11676898
APN: 02-3233-044-0610
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