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5 Island Ave Unit 4K, Miami Beach, FL, 33139

$495,000

Home List Price

$5,878*

Closing Credit

1 Bedroom
1 Full Bath
680 SqFt
$728/SqFt
Condo
Schools Nearby

Location

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5 Island Ave Unit 4K, Miami Beach$495,000

Buyer Closing Credits

$5,878*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, One Space
Garage1 space
Year Built1967
HeatingCentral
CoolingCentral Air
WaterfrontBay Front
ViewBay, Garden
MLS #A11556197
StatusActive

About 5 Island Ave Unit 4K

Luxury living on Biscayne Bay across from the Standard Hotel. This beautiful, recently renovated residence offers easy living in a prime waterfront location on Miami Beaches sought after Belle Isle. The enclosed balcony offers additional living space, making the unit larger than the tax record but still affords sweeping views over Belle Isle and the Standard Hotel. New large format porcelain tile floors, modern open kitchen with large serving island and modern bath with glass shower. A Morris Lapidus designed building, 5 Island offers a heated bay front pool, fitness center and 24-hour front desk with onsite management. Your chance to live in one of Miami Beaches most coveted neighborhoods of Belle Isle, an easy walk to Sunset Harbour & Lincoln Rd.

Property Details

Property Features

Property Information:

  • Year Built: 1967
  • Living Area: 680 SqFt

Listing Office:

  • Office Name: Gary Hennes Realtors
  • Office Phone: (305) 532-1558
  • Listing Agent: Matthew Scroggins

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Flooring Type: Ceramic Tile
  • Interior: Bedroom on Main Level, Elevator, Main Living Area Entry Level

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, Garden
  • Exterior: Patio

Parking Information:

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

Virtual/3D Tour

  • Virtual Tour: 5 Island Ave Unit 4K

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Miami Beach Senior High School, Public District Grades 9-12
  • Nautilus Middle School, Public District Grades 6-8
  • North Beach Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $495,000
  • Price Per SqFt: $728/SqFt

HOA Fees:

  • Amount: $0
  • 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

$569.7K

Med. Price/SqFt

$574

Avg. Days On Market

85

# of Sold Homes

136

5 Island Ave Unit 4K vs Miami Beach

32 DAYS ON ROCKET

-53 Days

$495,000

-$74.7K Less

$728/SqFt

+$154 More

KEY TAKEAWAY

This property is $74.7K less than the Median Sold Price and $154/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: #A11556197

Listing Office:

  • Office Name: Gary Hennes Realtors
  • Office Phone: (305) 532-1558
  • Listing Agent: Matthew Scroggins

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: 4/28/2024, 6:25:15 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

$2,538

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,551

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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.

Elementary School

school-card-donut-1969087
9
/10

  • North Beach Elementary School

  • 4100 Prairie Ave

  • 2.00 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1969088
5
/10

  • Nautilus Middle School

  • 4301 N Michigan Ave

  • 1.97 miles

  • Public District Grades 6-8

High School

school-card-donut-1969089
5
/10

  • Miami Beach Senior High School

  • 2231 Prairie Ave

  • 1.13 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,868. Typical income of Miami Beach, FL residents is between $35k-100k annually. The majority of families are single, no kids. The majority of 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 4K

What is the listing price of this property?

The listing price of 5 Island Ave Unit 4K property is $495,000.

What type of property is this?

The property 5 Island Ave Unit 4K is a condo located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 5 Island Ave Unit 4K is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5 Island Ave Unit 4K are:
North Beach Elementary School: GreatSchools Rating 9/10
Nautilus Middle School: GreatSchools Rating 5/10
Miami Beach Senior High School: GreatSchools Rating 5/10

How many bedrooms and bathrooms does this property have?

The property at 5 Island Ave Unit 4K has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 5 Island Ave Unit 4K is 680 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5 Island Ave Unit 4K is 1967.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33139›5 Island Ave Unit 4K

This home is located at 5 Island Ave Unit 4K in Miami Beach, FL and zip code 33139 in the Belle Isle neighborhood. This 680 square foot home was built in 1967. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $495,000.

In March 2024, from all listings sold in Miami Beach, FL there were more than 6 sold above asking price, over 118 sold below and more than 12 were sold right at the asked price. In March 2024 in Miami Beach, FL there were 8.6% more homes for sale than in February 2024. In March 2024, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $569,797.

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

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