5 Island Avenue, Unit 5G

Miami Beach, FL 33139

$525,000
Price
1
Beds
1
Bath
1
1/2 Bath
950 Sq. Ft.
$553 / Sq. Ft.
950
Sq. Ft.
$553
per Sq. Ft.

Description

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.
...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.
  1. Listed by Karen Leah Holst • Fortune International Realty

Property Details for 5 Island Avenue, Unit 5G

Subdivision
ISLAND TERRACE CONDO
Complex Name
ISLAND TERRACE
Style
Condo 5+ Stories
Waterfront
Yes
Waterfront Description
Bay Front
View
Bay, Pool Area View
Unit View
Bay, Pool Area View
Area
32
LISTING UPDATED: 08/19/2024 10:38 AM

Property Details for 5 Island Avenue, Unit 5G

StatusActive
MLS #A11612513
Days on Market105
Taxes$7,867 / year
HOA Fees$1,280 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse
Year Built1967
CountyMiami-Dade County

Building

ISLAND TERRACE

16 StoriesBuilt in 1967

Building Information for 5 Island Avenue, Unit 5G

Building/ComplexISLAND TERRACEFloor-Stories16Residences-Pet Policy-Year Built1967

Property Information for 5 Island Avenue, Unit 5G

Location Information
Location Information
  • Parcel Number Free Text: 02-32-33-044-0360
  • Parcel Number MLX: 0360
  • MLS Area: 32
  • Municipal Code: 2
  • Township Range: 32
  • Section: 33
  • Subdivision Number: 44
  • Subdivision Complex Bldg: ISLAND TERRACE
  • Unit Floor Location: 5
  • Total Floors In Building: 16
General Information
Parking
  • Num Garage Spaces: 1
  • Parking Description: 1 Space, Assigned Parking, Covered Parking
General Information
  • Front Exposure: South
  • Housing Older Persons Act: No HOPA
  • Property Detached: No
  • Minimum Num of Days for Lease: 365
  • Num Times Leased Year: 1
  • Type of Governing Bodies: Homeowner Association
  • Unit Design: High Rise
  • Water Access: None
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Directions: Located off Venetian Causeway on Belle Isle.
  • Security Information: Doorman, Lobby Secured, TV Camera
Room Information
Room Information
  • Rooms Description: Great Room
  • Bedroom Description: None
  • Master Bathroom Description: Combination Tub & Shower
  • Master Bath Features: Combination Tub & Shower
  • Dining Description: Dining/Living Room
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Cable Available: Yes
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: Maximum 20 Lbs
  • Guest Accommodations: No
  • Units Total In Complex: 139
  • Room Count: 0
  • Interior Features: First Floor Entry, Pantry
  • Equipment Appliances: Dishwasher, Microwave, Refrigerator
  • Windows Treatment: Blinds/Shades
  • Exterior Features: Open Balcony
  • Maintenance Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Elevator, Insurance, Internet/WiFi, Landscaping/Lawn Maintenance, Laundry Facilities, Manager, Outside Maintenance, Pest Control Interior, Pool Service, Security, Sewer, Trash Removal, Water
  • Amenities: Bike Storage, Common Laundry, Community Room, Elevator, Exterior Lighting, Private Pool, Vehicle Wash Area
Financial Information
Financial Information
  • Assumable: No
  • Type of Association: Condo
  • Assoc Fee Paid Per: Monthly
  • Flood Zone: AE
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
  • Special Assessment: Yes
Rental Information
Rent Information
  • Approval Information: 3-4 Weeks Approval, Application Fee Required, Association Approval Required
Rent Status
  • Other Fees: $100

Property History for 5 Island Avenue, Unit 5G

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5 Island Avenue, Unit 5G

Taxable ValueLand-Additions$265,200Total-
Tax Record2020$3,770 ($314 / month)
Home Facts
Beds1Total Finished SqFt950 SqFtAbove Grade Finished SqFt950 SqFtStyleCondominiumYear Built1967Year Renovated1967Zoning4000CountyMIAMI-DADEAPN0232330440360

Schools near 5 Island Avenue, Unit 5G

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
North Beach Elementary School
PublicPK to 5

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5 Island Avenue, Unit 5G is a condo for sale in Miami Beach, FL 33139. This property was listed for sale on July 1, 2024 by Fortune International Realty, it's currently listed at $525,000. This listing's school district is Miami-Dade County Public Schools. Nearby schools include North Beach Elementary School, Air Base K-8 Center for International Education and Nautilus Middle School. 5 Island Avenue, Unit 5G is a 1-bed, 1.5-bath, 950 sqft condo built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Fortune International Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.