+3 more
$179K
Island Place at North Bay Unit 5E
1455 Treasure Dr, Unit 5E • North Bay Village, FL 33141
About This Unit
Prime opportunity to own in desirable North Bay Village just minutes from Miami Beach. Bright apartment at 1455 Treasure featuring a functional layout and great natural light. Excellent location close to beaches, dining, shopping, and major highways. Ideal for end users or investors seeking strong rental potential in a growing waterfront community. Great value!
Pricing at Island Place at North Bay — $335/sqft
Island Place at North Bay Unit 5E is listed at $335/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Island Place at North Bay.
Time on Market — 35 days
Island Place at North Bay Unit 5E has been on the market for 35 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $188,000. Reduced to $179,000 on Apr 17, 2026 (after 36 days on market) — -4.8% (−$9,000).
Estimated Monthly Cost
Mortgage (P&I)
$972
HOA
$500
Property Tax
$231
Total / mo
$1,703
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.55%.
HOA $0.94/sqft · All-in $3.19/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Island Place at North Bay.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 0BR Comps at Island Place at North Bay
UnitListSqft$/sqftDOM
#—
—
534
$335
35
#—
—
531
$282
58
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1966 (60 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Aug 2019 for $133,000 — held 7 years. They’re now asking $179,000 — +34.6% (+$46,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Aug 2019 | $133,000 | arm’s-length |
| Oct 2010 | $58,000 | arm’s-length |
| Jun 2004 | $120,000 | arm’s-length |
| Sep 2003 | $93,900 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 534 sqft.
Building: Island Place at North Bay
Unit: 5E
Year Built: 1966
Stories: 10
City: North Bay Village
Postal Code: 33141
HOA Fee: $500 / Monthly
View: Intracoastal View
Waterfront: Yes
Private Pool: No
Heating: None
Cooling: Central Air
Days on Market: 35
Listed: March 13, 2026
MLS #: A11982448
Location
Listing courtesy of: Costa Miami Realty, LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11982448
• Updated Apr 17, 2026
