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ISLAND TERRACE
5 Island Ave, Miami Beach 33139
1967
Year Built
139
Units
CI Score
Moderate
6
For Sale
$509K
Avg Price
$511
Sale $/SF
2
For Rent
$4,625
Avg Rent
$4.87
Rent $/SF
-1.9%
YoY
For Sale
6
For Rent
2
Investor-Owned
41%
Avg HOA
$1,446/mo
Address
5 Island Ave, Miami Beach, 33139
Neighborhood
Miami Beach
Year Built
1967
Total Units
139
Avg Unit Sqft
1,045 SF
Tier
Premium
Avg $/SF
$510.53
Avg Rent
$4,625/mo
Rent $/SF
$4.87/SF
HOA Range
$1,425 – $1,467
Neighborhood Rank
Top 28%
Avg Unit Value
$569K
Total Sales (All-Time)
803
Sale Price Trend ($/SF)
$511
Rental Price Trend ($/SF)
$3.58
Building Activity
Days on Market
53
days
Normal pace
Months of Inventory
28.0
months
Buyer's market
Sale-to-List Ratio
97.0%
Strong demand
Price Reductions
100%
of listings
Many price cuts
Closed Sales (120d)
1
transactions
Low volume
Active Listings
For Sale (6)

$469K
Unit LE
$485K
Unit 6A
$508K
Unit 15A
$509K
Unit 8B
$545K
Unit 5J
$635K
For Rent (2)

$4K

$5K
Unit 15FRecent Sales
| Date | Price | $/SF | Bed/Bath | SF |
|---|---|---|---|---|
| Dec 29, 2025 | $485K | $510.53 | 1/2 | 950 |
| Sep 5, 2025 | $1.5M | $1,097.52 | 2/2 | 1,333 |
| Sep 4, 2025 | $1.2M | $930.23 | 2/2 | 1,333 |
| Jun 20, 2025 | $456K | $480.32 | 1/1 | 950 |
| Apr 15, 2025 | $450K |
Total Units
139
Avg Sqft
1,045 SF
Avg Assessed
$426K
Owner-Occupied
59%
Tax & Ownership
Investor-Owned
41%
Owner-Occupied
59%
Avg Assessed Value
$426K
Avg Taxable Value
$395K
Effective Year Built
1967
Zoning
4000
Unit Mix
Avg 918 SF
Avg 1,327 SF
Unit Directory
Showing 10 of 139 units| Unit | Beds | Baths | SF | Assessed | Owner | Last Sale | $/SF | Sale Date |
|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | — | — | — | — |
| 2A | 1 | 1 | 950 | $339K | ✓ | $299K | $315 | Aug 2021 |
| 2B | 1 | 1 | 950 | $102K | ✓ | $179K | $189 | Aug 2004 |
| 2C | 2 | 2 | 1,305 | $797K | — | $945K | $724 | Oct 2022 |
| 2D | 2 | 2 | 1,305 | $605K | ✓ | $360K | $276 | Dec 2010 |
| 2E | 1 | 1 | 950 | $428K | ✓ | $565K | $595 | Feb 2022 |
| 2F | 1 | 1 | 950 | $453K | — | $245K | $258 | Sep 2022 |
| 3A | 1 | 1 | 950 | $193K | ✓ | $149K | $157 | Dec 2002 |
| 3B | 1 | 1 | 950 | $195K | ✓ | $253K | $266 | Nov 2004 |
| 3C | 2 | 2 | 1,305 | $710K | — | $450K | $345 | Aug 2012 |
Top Agents in This Building
Top Brokerages in This Building
| Brokerage | Agents | Sales | Volume |
|---|---|---|---|
Coldwell Banker | 1 | 1 | $1.5M |
Brown Harris Stevens | 1 | 2 | $1.1M |
The Keyes Company | 1 | 1 | $320K |





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Building Snapshot
| $661.76 |
| 1/1 |
| 680 |
| Apr 11, 2025 | $450K | $661.76 | 1/1 | 680 |
| Mar 24, 2025 | $575K | $605.26 | 1/1 | 950 |
| Jan 9, 2025 | $700K | $537.63 | 2/2 | 1,302 |
| Jan 8, 2025 | $700K | $537.63 | 2/2 | 1,302 |
| Jan 7, 2025 | $618K | $650.53 | 1/2 | 950 |