Island Terrace 5 Island Ave Unit LF Miami Beach, FL 33139
Venetian Islands NeighborhoodEstimated payment $4,663/month
Total Views
1,925
1
Bed
1.5
Baths
950
Sq Ft
$525
Price per Sq Ft
Highlights
- Doorman
- Property Fronts a Bay or Harbor
- Main Floor Bedroom
- North Beach Elementary School Rated A-
- Fitness Center
- 2-minute walk to Belle Isle Park
About This Home
Motivated seller. Modern and beautifully renovated 1B/1.5B with abundant natural light. This 1,100 square foot unit features 1 spacious master suite, 1 full and 1 half bathroom, a generous living room, an oversized open kitchen with dining area to entertain your friends & family and a private balcony. One assigned parking space is included. Island Terrace is a famous Morris Lapidus residence located in the heart of Miami Beach, in Belle Isle at the Venetian Islands, right across the Standard Hotel and walking distance to the popular Sunset Harbor shops, restaurants, pilates & yoga studios. Full amenities building including 24 hr concierge, exercise room & pool overlooking the bay. Assessment of $32,500 has been paid in full! Unit is located on the first floor and does not have water views.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,107
Year Built
- Built in 1967
HOA Fees
- $1,536 Monthly HOA Fees
Parking
- 1 Car Garage
- Assigned Parking
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 950 Sq Ft Home
- Vinyl Flooring
- Property Views
Kitchen
- Built-In Oven
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- Main Floor Bedroom
Additional Features
- Property Fronts a Bay or Harbor
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-32-33-044-0030
Community Details
Overview
- Island Terrace Condo
- Island Terrace Condo Subdivision
- 16-Story Property
Amenities
- Doorman
- Laundry Facilities
- Elevator
Recreation
Pet Policy
- Breed Restrictions
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 | $4,620 | $336,311 | -- | -- |
| 2023 | $4,620 | $236,693 | $0 | $0 |
| 2022 | $4,107 | $215,176 | $0 | $0 |
| 2021 | $3,777 | $195,615 | $0 | $0 |
| 2020 | $3,607 | $186,300 | $0 | $0 |
| 2019 | $3,249 | $238,473 | $0 | $0 |
| 2018 | $3,054 | $234,027 | $0 | $0 |
| 2017 | $3,016 | $229,214 | $0 | $0 |
| 2016 | $3,001 | $224,500 | $0 | $0 |
| 2015 | $3,072 | $224,500 | $0 | $0 |
| 2014 | $3,509 | $172,690 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/05/2025 04/05/25 | Price Changed | $499,000 | -3.1% | $525 / Sq Ft |
| 01/10/2025 01/10/25 | For Sale | $515,000 | -4.6% | $542 / Sq Ft |
| 02/01/2023 02/01/23 | Sold | $540,000 | -4.4% | $491 / Sq Ft |
| 12/01/2022 12/01/22 | For Sale | $565,000 | 0.0% | $514 / Sq Ft |
| 01/31/2021 01/31/21 | Rented | $3,000 | 0.0% | -- |
| 01/14/2021 01/14/21 | Under Contract | -- | -- | -- |
| 01/13/2021 01/13/21 | Price Changed | $3,000 | +5.3% | $3 / Sq Ft |
| 01/12/2021 01/12/21 | Price Changed | $2,850 | -5.0% | $3 / Sq Ft |
| 01/11/2021 01/11/21 | For Rent | $3,000 | 0.0% | -- |
| 10/04/2019 10/04/19 | Sold | $235,000 | -9.3% | $247 / Sq Ft |
| 06/03/2019 06/03/19 | Price Changed | $259,000 | -13.5% | $273 / Sq Ft |
| 04/25/2019 04/25/19 | For Sale | $299,500 | +61.9% | $315 / Sq Ft |
| 03/08/2013 03/08/13 | Sold | $185,000 | -2.1% | $195 / Sq Ft |
| 01/31/2013 01/31/13 | Pending | -- | -- | -- |
| 01/10/2013 01/10/13 | Price Changed | $189,000 | -5.0% | $199 / Sq Ft |
| 08/23/2012 08/23/12 | For Sale | $199,000 | -- | $209 / Sq Ft |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $536,000 | -- | |
| Warranty Deed | $235,000 | Attorney | |
| Warranty Deed | $337,000 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $185,000 | Attorney | |
| Warranty Deed | $185,200 | Attorney | |
| Quit Claim Deed | $14,000 | -- | |
| Warranty Deed | $121,500 | -- | |
| Warranty Deed | $143,000 | -- | |
| Warranty Deed | $100 | -- | |
| Warranty Deed | $119,300 | -- | |
| Warranty Deed | $119,000 | -- | |
| Warranty Deed | $125,000 | -- | |
| Warranty Deed | $66,000 | -- | |
| Warranty Deed | $66,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $401,925 | New Conventional | |
| Previous Owner | $211,500 | New Conventional | |
| Previous Owner | $25,000 | Credit Line Revolving | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $233,300 | New Conventional | |
| Previous Owner | $138,750 | Unknown | |
| Previous Owner | $208,000 | Credit Line Revolving | |
| Previous Owner | $92,662 | New Conventional |
Source: Public Records
Similar Homes in Miami Beach, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11722255
APN: 02-3233-044-0030
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