5 Island Ave 5A, Miami Beach, FL 33139 — MLS photo

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5 Island Ave 5A, Miami Beach, FL 33139

Active · Condominium

$420,000

5 Island Ave 5A, Miami Beach, FL 33139

Beds
1
Baths
2
Living area
950 sq ft
$ / sq ft
$442/sq ft
Year built
1967
Lot size
—
HOA fee
$1,536 Monthly
Annual tax
$5,500

About this property

Discover waterfront living at its finest in this bright and spacious 1-bedroom, 1.5-bathroom condo at Island Terrace (Unit 5A) on Belle Isle in Miami Beach’s coveted Venetian Islands. Boasting approximately 950 square feet of open living space, this inviting residence features a functional layout with an eat-in kitchen, combined living/dining area, walk-in closets with ample storage, and a convenient half-bath for guests. Flooded with natural light and opening to a generous private balcony. Pool are offers stunning water views of Biscayne Bay and the glittering downtown Miami skyline—especially magical at night. The full-service, bayfront building delivers resort-style living with a heated waterfront pool overlooking the bay, a state-of-the-art fitness center, 24-hour doorman and secured lobby, kayak launch, bike storage, and elegant common areas. One assigned parking space is included, and the community is pet-friendly (with restrictions). Perfectly situated steps from the Venetian Causeway for biking or jogging, you’re moments from Sunset Harbour’s trendy shops, restaurants, and markets (Trader Joe’s, Whole Foods, Publix), plus easy access to South Beach, Lincoln Road, and all the vibrant energy of Miami Beach. Whether you’re seeking a primary residence, stylish second home, or smart investment, Unit 5A delivers the ultimate Miami Bayfront lifestyle with comfort, views, and convenience.

Property location

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5 Island Ave 5A, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
950 sq ft
Flooring
Carpet, Tile
Appliances
Electric Range, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bathtub, Eat In Kitchen, Living Dining Room, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1967
Stories
16
Architectural style
High Rise
Construction
Block
Exterior features
Balcony
Pool
Association
Waterfront
Bayfront
View
Intercoastal, Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
Assigned, One Space

HOA, Community & Financials

Association fee
$1,536 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Pools, Recreation Facilities, Trash
Amenities
Fitness Center, Laundry, Pool, Storage, Elevators
Security
Door Man, Lobby Secured
Pets allowed
Conditional, Yes
Annual tax
$5,500
Subdivision
ISLAND TERRACE CONDO
County
Miami-Dade
Days on market
100
MLS listing ID
A12007416
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,652

Cap rate
1.0%
Net yield
1.0%
Cash-on-cash return
-16.9%
Gross yield
8.2%
Mortgage payment
$1,991/mo
Down payment
$105,000
Loan amount
$315,000
Annual NOI
$4,070

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.