5 months on rocket

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

$559,000

Home List Price

$6,638*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
950 SqFt
$588/SqFt
Condo
Schools Nearby

Location

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5 Island Ave Unit Lf, Miami Beach$559,000

Buyer Closing Credits

$6,638*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, One Space
Garage1 space
Year Built1967
HeatingCentral
CoolingCentral Air
WaterfrontBay Front
ViewOther
MLS #A11480765
StatusActive

About 5 Island Ave Unit Lf

Modern and beautifully renovated 1B/1.5B with abundant natural light. This 1,100 square foot unit features 1 spacious master suite, one full and one-half bathroom, a generous living room, an oversized open kitchen with dining area to entertain your friends & family and a private balcony. One assigned parking space is included. Island Terrace is a famous Morris Lapidus residence located in the heart of Miami Beach, in Belle Isle at the Venetian Islands, right across the Standard Hotel and walking distance to the popular Sunset Harbor shops, restaurants, pilates & yoga studios. Full amenities building including 24 hr concierge, exercise room & pool overlooking the bay. Assessment of $32,500 has been paid in full! Unit is located on the first floor and does not have water views. Easy to show!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1967
  • Living Area: 950 SqFt

Listing Office:

  • Office Name: London Foster Realty
  • Office Phone: (305) 514-0100
  • Listing Agent: Charlotte Joncquiert

Interior Features

Interior Information:

  • Appliances: Oven, Dishwasher, Electric Range, Refrigerator
  • Flooring Type: Vinyl
  • Interior: Bedroom on Main Level, First Floor Entry, Main Living Area Entry Level

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Other
  • Exterior: Balcony

Parking Information:

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

Virtual/3D Tour

  • Virtual Tour: 5 Island Ave Unit Lf

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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: $559,000
  • Price Per SqFt: $588/SqFt

HOA Fees:

  • Amount: $1268
  • 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 Lf vs Miami Beach

173 DAYS ON ROCKET

+88 Days

$559,000

-$10.7K Less

$588/SqFt

+$14 More

KEY TAKEAWAY

This property is $10.7K less than the Median Sold Price and $14/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: #A11480765

Listing Office:

  • Office Name: London Foster Realty
  • Office Phone: (305) 514-0100
  • Listing Agent: Charlotte Joncquiert

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: 4/25/2024, 4:25:16 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

$4,125

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,742

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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.

Elementary School

school-card-donut-88409
9
/10

  • North Beach Elementary School

  • 4100 Prairie Ave

  • 2.00 miles

  • Public District Grades PK-5

Middle School

school-card-donut-88410
5
/10

  • Nautilus Middle School

  • 4301 N Michigan Ave

  • 1.97 miles

  • Public District Grades 6-8

High School

school-card-donut-88411
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. The most common annual income of people living in Miami Beach, FL is between $35k-100k. 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 Lf

What is the listing price of this property?

The listing price of 5 Island Ave Unit Lf property is $559,000.

What type of property is this?

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

Is this property for sale now?

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

What is the square footage of this property?

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

Which year was this property built?

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

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

This home is located at 5 Island Ave Unit Lf 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 November 04, 2023 and is currently priced at $559,000.

Miami Beach, FL housing market in March 2024 saw over 6 listings sold above listed price, more than 12 sold at listed price and over 118 sold below. The number of listings in Miami Beach, FL increased by 8.6% between February 2024 and March 2024. In March 2024 median list price was $569,797 and the average listing age was 85 days.

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

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