Atlantic Luxury Advisors
5 Island Ave #6A photo 15 Island Ave #6A photo 25 Island Ave #6A photo 35 Island Ave #6A photo 45 Island Ave #6A photo 5

23 photos

5 Island Ave #6A

Miami Beach, FL 33139

$405,000
1
1.5
950 sq ft
1967
1 car
Condominium
$1,425/mo
Yes
74
Active

Listing courtesy of Coldwell Banker Realty (Elissa Lithman). Contact: [email protected].

About this home

Oversized 950 sq ft 1BR/1.5BA at the Morris Lapidus designed Island Terrace on Belle Isle. Generous proportions, abundant in unit storage plus additional private storage, dedicated parking, and a private balcony with greenery, bay and downtown sunset views. In original condition and ready for your vision, this is an opportunity to create a truly special Miami Beach home in one of the area's most desirable neighborhoods. Island Terrace offers bayfront living with a waterfront pool, gym and full service building conveniences. Adjacent to Belle Isle Park, across from The Standard Spa, and just moments from Sunset Harbour's restaurants, shops and fitness studios, with Lincoln Road nearby. Exceptional space, location and potential on Belle Isle.

What it costs to own
Estimated monthly payment
$4,284/mo
Principal and interest
$2,048
Property tax
$561
Homeowners insurance
$250
HOA
$1,425

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$6,730/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$1,425/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.