Atlantic Luxury Advisors
5 Island Ave #3C photo 15 Island Ave #3C photo 25 Island Ave #3C photo 35 Island Ave #3C photo 45 Island Ave #3C photo 5

31 photos

5 Island Ave #3C

Miami Beach, FL 33139

$950,000
2
2
1,305 sq ft
1967
1 car
Condominium
$1,924/mo
Yes
0
Active

Listing courtesy of Compass Florida, LLC (Luis Felipe Vieira De Souza). Contact: [email protected].

About this home

Enjoy sweeping sunsets over Biscayne Bay and the Miami skyline from this desirable corner residence at Island Terrace. Located on the Venetian Islands, this spacious 2-bedroom, 2-bath home features a generous living area, custom closets, and an ideal layout for both everyday living and entertaining. The building’s waterfront pool and BBQ area offer picturesque bay views and a front-row seat to passing boats, while a newly renovated gym adds to the amenities. Just moments from the scenic parks and pathways of the Venetian Islands, enjoy an easy bike ride to the beach or a morning walk along the bay. Sunset Harbour’s popular restaurants, fitness studios, shops, and cafés are also within walking distance. A rare opportunity to live in one of the building’s most sought-after lines and enjoy the best of the Venetian Islands lifestyle.

What it costs to own
Estimated monthly payment
$8,721/mo
Principal and interest
$4,804
Property tax
$1,401
Homeowners insurance
$592
HOA
$1,924

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
$16,806/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
$1,924/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.