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1 Bed
2 Baths
950 sqft

$464,000

5 Island Ave Unit# LF, Miami Beach FL, 33139

Price per sqft$488.42
Built in1967
Property size950 sqft
Property typeCondominium

Overview

Active

Listed Apr 21, 2026

Updated Jun 18

Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed. Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom. Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly. A Venetian Island gem, with great walkability, just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks from Trader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops and restaurants, and Lincoln Road! Includes 1 assigned parking space and hurricane-impact windows. An ideal second home or primary residence combining location, comfort, and lifestyle.

$3,087/mo

Est. mortgage payment based on a $464,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
A11994765
Available since
April 21, 2026

Interior Features

Bedrooms
1
Bathrooms
2
Cooling
Yes
Basement
No

Other Property Details

Taxes
$6,309
Tax Frequency
Annually
Garage
Yes

 Courtesy of Marine Rivierre | ONE Sotheby's International Realty

Based on information from DASH - Sotheby's International Realty (SIR) as of 6/18/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2026 DASH - Sotheby's International Realty (SIR). All rights reserved. 

Data last updated 1:23 PM UTC, 6/18/2026

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