5 Island Ave 2F, Miami Beach, FL 33139 — MLS photo

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5 Island Ave 2F, Miami Beach, FL 33139

Active · Condominium

$458,000

5 Island Ave 2F, Miami Beach, FL 33139

Beds
1
Baths
2
Living area
950 sq ft
$ / sq ft
$482/sq ft
Year built
1967
Lot size
—
HOA fee
$1,425
Annual tax
—

About this property

Experience elevated Miami living in this fully remodeled residence on prestigious Belle Isle, offering breathtaking bay and downtown skyline views. This immaculate 1-bedroom, 1 full bath + 1 half bath home blends modern elegance with effortless coastal living. Featuring an open-concept layout with high ceilings and abundant natural light, the residence showcases sophisticated finishes, warm wood flooring, and a bright, airy ambiance throughout. The designer kitchen is thoughtfully appointed with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into the living and dining spaces—perfect for both everyday living and entertaining. Located in an iconic Morris Lapidus building on the sought-after Venetian Islands, residents enjoy resort-style amenities including 24/7 front desk service, fitness center, waterfront pool, and assigned parking. Ideally situated just steps from The Standard Hotel and within walking distance to Sunset Harbour, top dining, boutique shopping, fitness studios, Publix, Trader Joe’s, and Lincoln Road. Whether as a primary residence, vacation retreat, or investment opportunity, this turnkey residence offers luxury, convenience, and the best of Miami living. Water, cable, and internet.

Property location

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5 Island Ave 2F, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
950 sq ft

Exterior & Structure

Property type
Condominium
Year built
1967

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,425
County
Miami-Dade
MLS listing ID
A12025234
Listing status
Active

Investment intelligence

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

Estimated monthly cash flow

-$1,915

Cap rate
0.7%
Net yield
0.7%
Cash-on-cash return
-17.9%
Gross yield
7.8%
Mortgage payment
$2,171/mo
Down payment
$114,500
Loan amount
$343,500
Annual NOI
$3,068

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