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5 Island Avenue, Unit 15A
+15 more
$485K

Island Terrace Condo Unit 15A

5 Island Avenue, Unit 15A • Miami Beach, FL 33139

at Island Terrace Condo

Beds
1
Baths
2
Living Area
950 SF
Price / SF
$511
HOA / Monthly
$1,536
Days on Market
112

About This Unit

Experience stunning, unobstructed bay views from this beautifully renovated 1-bedroom, 1.5-bath home on Belle Island. Surrounded by green space, parks, waterfront paths, top restaurants, gyms, and boutiques, this spacious apartment offers true community living. Features include a large balcony, impact windows, top-of-the-line appliances, abundant natural light, and ample closet space, plus assigned parking and extra storage. Island Terrace, designed by famed architect Morris Lapidus, offers a bayfront pool, new gym, 24-hour front desk, and onsite management.

Pricing at Island Terrace Condo — $511/sqft
Island Terrace Condo Unit 15A is listed at $511/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 Terrace Condo.
Time on Market — 112 days
Island Terrace Condo Unit 15A has been on the market for 112 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $538,000. Reduced to $485,000 on Apr 27, 2026 (after 113 days on market) — -9.9% (−$53,000).
Estimated Monthly Cost
Mortgage (P&I)
$2,634
HOA
$1,536
Property Tax
$789
Total / mo
$4,959
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.95%. HOA $1.62/sqft · All-in $5.22/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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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 1967 (59 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Unit: 15A
Year Built: 1967
Stories: 16
City: Miami Beach
Postal Code: 33139
HOA Fee: $1,536 / Monthly
View: Bay, Water View
Waterfront: No
Private Pool: No
Heating: Central, Electric
Cooling: Central Air
Days on Market: 112
Listed: January 5, 2026
MLS #: A11937837

Location

Tour with Ricky

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Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Compass Florida, LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11937837 • Updated Apr 27, 2026 • Photos uploaded 113 days ago.