2 months on rocket

5 Island Ave Unit 8B, Miami Beach, FL, 33139

$580,000

Home List Price

$6,888*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
950 SqFt
$611/SqFt
Condo

Location

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5 Island Ave Unit 8B, Miami Beach$580,000

Buyer Closing Credits

$6,888*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, One Space
Garage1 space
Year Built1967
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontBay Front
ViewBay, Water
MLS #A11676898
StatusActive

About 5 Island Ave Unit 8B

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. Bathrooms are renovated modern. The kitchen has new LG appliances. Maintenance fee includes hot water, cable, internet, fully equipped exercise room, work from home space, 24/7 concierge, and pool - patio overlooking the bay with amazing views. 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

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1967
  • Stories: 1
  • Living Area: 950 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (305) 667-4815
  • Listing Agent: Lisa Fox

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Self Cleaning Oven
  • Flooring Type: Laminate
  • Interior: Bedroom on Main Level, Dual Sinks, First Floor Entry, Living/Dining Room, Main Living Area Entry Level, Walk-In Closet(s)

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, Water
  • Exterior: Balcony, Storm/Security Shutters

Parking Information:

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

Virtual/3D Tour

  • Virtual Tour: 5 Island Ave Unit 8B
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Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $580,000
  • Price Per SqFt: $611/SqFt

HOA Fees:

  • Amount: $1287
  • 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

$617.5K

Med. Price/SqFt

$605

Avg. Days On Market

97

# of Sold Homes

73

5 Island Ave Unit 8B vs Miami Beach

62 DAYS ON ROCKET

-35 Days

$580,000

-$37.5K Less

$611/SqFt

+$6 More

KEY TAKEAWAY

This property is $37.5K less than the Median Sold Price and $6/SqFt more 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: #A11676898

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (305) 667-4815
  • Listing Agent: Lisa Fox

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: 12/18/2024, 8:20:50 AM 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

$4,249

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,805

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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-4460901
5
/10

  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 1.11 miles

  • Public District Grades PK-5

school-card-donut-4460902
6
/10

  • South Pointe Elementary School

  • 1050 4th St

  • 1.37 miles

  • Public District Grades PK-5

school-card-donut-4460903
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. Residents of Miami Beach, FL typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5 Island Ave Unit 8B

What is the listing price of this property?

The listing price of 5 Island Ave Unit 8B property is $580,000.

What type of property is this?

The property 5 Island Ave Unit 8B is a condo located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 5 Island Ave Unit 8B 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 8B has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 5 Island Ave Unit 8B is 950 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5 Island Ave Unit 8B is 1967.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33139›5 Island Ave Unit 8B

This home is located at 5 Island Ave Unit 8B 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 October 16, 2024 and is currently priced at $580,000.

While more than 2 listings in Miami Beach, FL in November 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 65 were sold below. The number of homes for sale in Miami Beach, FL increased by 14.3% between October 2024 and November 2024. In November 2024 median list price was $617,500 and the average listing age was 97 days.

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

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