$522,000

5 Island Ave Unit 5G Miami Beach, FL 33139

$6,199
Closing credit¹
1 bed
1 full, 1 partial
950 sqft
$549 / sqft
Condo

Property details

About 5 Island Ave Unit 5G

Investor opportunity! Create your dream home in highly desirable Belle Isle in Miami Beach. Your blank canvas awaits in this charming residential building by famed architect Morris Lapidus. Oversized 1 bed with dazzling bay views ready for your new vision. Located in a quiet residential community, steps away from friendly dog park, Standard Hotel & Spa, and Sunset Harbor. 50 year recertification currently underway. Seller will pay off assessment balance prior to closing. Rental restrictions 1 year. No in-unit laundry, shared washer/dryer on each floor. Includes private storage locker.

Highlights

Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size950 sqft
Year built1967
ParkingAssigned, Covered, One Space
MLS #A11612513
Garage1 space
WaterfrontBay Front
ViewBay, Pool

Virtual tour

Summary

  • MLS Number: A11612513
  • MLS Name: SEFMIAMI
  • Office Name: Fortune International Realty
  • Office Phone: (305) 400-6393
  • Office Email: Rpalma@FortuneIntlGroup.com
  • Listing Agent: Karen Leah Holst

IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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water view

$522,000

5 Island Ave Unit 5G

$6,199

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

6

Fienberg/Fisher K-8 Center

Public District PK-5

1.1 mi

1420 Washington Ave

8

South Pointe Elementary School

Public District PK-5

1.4 mi

1050 4th St

8

Miami Children's Museum Charter School

Public Charter KG-5

1.7 mi

980 MacArthur Cswy

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $84,868. The most common annual income of people living in Miami Beach, FL is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

15%
<35k
41%
35k-100k
32%
100k-200k
12%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

76%
Single, No Kids
4%
Single, with Kids
16%
Married, No Kids
4%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

5%
<11 yrs old
1%
12-17 yrs old
24%
18-34 yrs old
57%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • Yoga/pilatesYoga/pilates
  • Skiing/snowboardingSkiing/snowboarding
  • Men's TennisMen's Tennis

Where do the neighbors shop?

  • H&MH&M
  • NordstromNordstrom
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • California Pizza KitchenCalifornia Pizza Kitchen
  • Bonefish GrillBonefish Grill

What do the neighbors drive?

  • AudiAudi
  • BMWBMW
  • LexusLexus

What do the neighbors listen to?

  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5 Island Ave Unit 5G

This home is located at 5 Island Ave Unit 5G in Miami Beach, FL and zip code 33139 in the Belle Isle neighborhood. This 950 square foot home was built in 1967. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since July 2, 2024 and is currently priced at $522,000.

While more than 3 listings in Miami Beach, FL in February 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 87 were sold below. In February 2025 in Miami Beach, FL there were 12% more homes for sale than in January. In February 2025, listings were on the market for 97 days. During the same period, the median list price in this real estate market was $669,261.

From Rocket Homes Real Estate and based on county public records data.

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