4 months on rocket

5 Island Ave Unit 5G, Miami Beach, FL, 33139

$525,000

Home List Price

$6,234*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
950 SqFt
$553/SqFt
Condo

Location

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5 Island Ave Unit 5G, Miami Beach$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, One Space
Garage1 space
Year Built1967
HeatingCentral
CoolingCentral Air
WaterfrontBay Front
ViewBay, Pool
MLS #A11612513
StatusActive

About 5 Island Ave Unit 5G

Investor opportunity! Create your dream home in highly desirable Belle Isle in Miami Beach. Your blank canvas awaits in this charming residential building by famed architect Morris Lapidus. Oversized 1 bed with dazzling bay views ready for your new vision. Located in a quiet residential community, steps away from friendly dog park, Standard Hotel & Spa, and Sunset Harbor. 50 year recertification currently underway. Seller will pay off assessment balance prior to closing. Rental restrictions 1 year. No in-unit laundry, shared washer/dryer on each floor. Includes private storage locker.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1967
  • Living Area: 950 SqFt

Listing Office:

  • Office Name: Fortune International Realty
  • Office Phone: (305) 400-6393
  • Listing Agent: Karen Leah Holst

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Flooring Type: Tile
  • Interior: First Floor Entry, Living/Dining Room, Pantry, Tub Shower

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, Pool
  • Exterior: Balcony

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Covered, One Space

Virtual/3D Tour

  • Virtual Tour: 5 Island Ave Unit 5G
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Located off Venetian Causeway on Belle Isle.

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $553/SqFt

HOA Fees:

  • Amount: $1280
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

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Miami Beach, FL

City

Med. Sold Price

$604.5K

Med. Price/SqFt

$600

Avg. Days On Market

101

# of Sold Homes

92

5 Island Ave Unit 5G vs Miami Beach

138 DAYS ON ROCKET

+37 Days

$525,000

-$79.5K Less

$553/SqFt

-$48 Less

KEY TAKEAWAY

This property is $79.5K less than the Median Sold Price and $48/SqFt less than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11612513

Listing Office:

  • Office Name: Fortune International Realty
  • Office Phone: (305) 400-6393
  • Listing Agent: Karen Leah Holst

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,968

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-460359
5
/10

  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 1.11 miles

  • Public District Grades PK-5

school-card-donut-460360
6
/10

  • South Pointe Elementary School

  • 1050 4th St

  • 1.37 miles

  • Public District Grades PK-5

school-card-donut-460361
9
/10

  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 1.72 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,868. Most Miami Beach, FL residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5 Island Ave Unit 5G

What is the listing price of this property?

The listing price of 5 Island Ave Unit 5G property is $525,000.

What type of property is this?

The property 5 Island Ave Unit 5G is a condo located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 5 Island Ave Unit 5G is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5 Island Ave Unit 5G has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 5 Island Ave Unit 5G is 950 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5 Island Ave Unit 5G is 1967.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33139›5 Island Ave Unit 5G

This home is located at 5 Island Ave Unit 5G in Miami Beach, FL and zip code 33139 in the Belle Isle neighborhood. This 950 square foot home was built in 1967. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since July 02, 2024 and is currently priced at $525,000.

Miami Beach, FL housing market in October 2024 saw over 6 listings sold above listed price, more than 9 sold at listed price and over 77 sold below. The number of homes for sale in Miami Beach, FL increased by 15.1% between September 2024 and October 2024. Listings spent 101 days on the market in October 2024, and had a median list price of $604,583 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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