5 Island Ave · Miami Beach, FL 33139 · South Beach

Island Terrace

16-story tower, completed 1967, 138 residences in South Beach. 5 for sale and 1 for rent on Nov 2, 2026.

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At a glance Island Terrace (5 Island Ave, South Beach) is a 16-story, 138-unit building completed in 1967. As of Nov 2, 2026, 5 units are for sale and 1 is for rent; the median closed price was $515 per square foot over 4 sales in the last 12 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

Photo · MLS listing in this building

For sale
5
For rent
1
Median $/SF
$5154 sales · 12 mo
Sold
4last 12 months
Built
1967
Floors
16
Residences
138county
Flood zone
AEFEMA
Owner-occupied
58%
Avg. unit
1,045sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at Island Terrace.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33139

Island Terrace, floor by floor.

Every unit the MLS has recorded here, placed by its unit number: floors up, lines across, each column as wide as the units in it. Amber is for sale today (a unit listed both for sale and for rent is amber). Hover or tap a unit to read its record.

64 units seen · MLS via Bridge IDX · as of Nov 2, 2026
  • For sale 4
  • For rent 1
  • Sold or leased, last 12 months 13
  • Seen in the MLS before that 46
  • No MLS record seen 86
ABCDEFGHJK16215105ABCDEFGHJK162105Floor 1: no unit seen in the MLSFloor 1: no unit seen in the MLS

Tap a unit to read its record here. Amber and white units open their listing page.

Units seen64of 138 residences on record
Floors with units14floors 2 to 16
Lines10stacks of units, by number

Closed $/SF by height sales in the 24 months to Nov 2, 2026

Upper floorsfloors 12 to 16$605/SF · 5 sales
Middle floorsfloors 7 to 111 sale, too few for a median
Lower floorsfloors 2 to 6$511/SF · 3 sales

Closed $/SF figures use the 9 recorded sales of these units in the 24 months to Nov 2, 2026; a median needs three. Floor, line and size are the record's. Views and orientation are not in it and are not shown.

The largest typical unit is line D, a median 1,333 sf over 8 units seen, recorded with 2 bedrooms.

The lines what the MLS record holds for each stack of units
LineUnits seenTypical sizeBedsOn the marketClosed $/SF · 24 mo
Line A6950 sf111 sale, too few
Line B5950 sf1––
Line C81,305 sf211 sale, too few
Line D81,333 sf2–1 sale, too few
Line E9950 sf1–1 sale, too few
Line F7950 sf111 sale, too few
Line G6950 sf1–2 sales, too few
Line H71,302 sf211 sale, too few
Line J2985 sf1––
Line K6680 sf111 sale, too few

3 units in the record sit outside this grid (LD, LE, LF): penthouse, townhouse or ground-level numbers, or lines seen only once or twice.

How this is drawn: a unit's floor and line come from its MLS unit number alone (5614 is floor 56, line 14). A cell exists only where the MLS has recorded a listing, a closing or a lease; a blank means no record was seen, not that no unit exists. Column widths follow each line's median recorded living area. Pre-construction towers and buildings with a thin record have no drawing.

Floor and line from the MLS unit number; a blank cell means no record was seen. How these numbers are made

The read on Island Terrace.

Activity as of Nov 2, 2026
  • Resale +28%. The median closed price moved from $407/SF in 2020 (9 sales) to $520/SF in 2026 (3 sales), the first and last years with three or more recorded sales.
  • Gross rental yield 8.9%. A year of rent at the median $3.82/SF/mo (10 leases) against the median $515/SF sale (4 sales), both over 12 months, before HOA, taxes and vacancy.
  • Asks run -6% against closings. Sellers ask a median $483/SF (5 listings) against $515/SF closed (4 sales, 12 months). Asks are priced close to what actually closes here.
  • Sells in a median 66 days. Days on market across the 4 sales closed in the last 12 months.
  • A renters' building. Leases outnumbered sales 3 to 1 over the last 12 months (10 leases, 4 sales), at a median $3,763 a month.

Where it ranks citywide, condo buildings in 17 Miami neighborhoods

  • #100 of 384 · highest gross rent yield8.92% gross rent yield, before HOA, taxes and vacancy · n 19 · Oct 2024 to Sep 2026

See the full rankings · How rankings are made

Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Completed in 1967, Island Terrace stands 16 stories at 5 Island Ave in South Beach. County folio records count 138 residences, averaging 1,045 SF of living area.

Five units were for sale on November 2, 2026, asking $400K to $950K (median ask $483/SF across 5 listings). Four sales closed between November 2, 2025 and November 2, 2026, from $440K to $679K, a median $515/SF, after a median 66 days on the market. In the 12 months before that, five sales closed at a median $651/SF, so the median fell 21%. Across 56 recorded sales since 2019, the best year by median price per square foot was 2024, at $695 over 6 sales. That 12-month median ranks 59th of the 83 South Beach buildings with at least three sales in the same window. One-bedrooms made up six of the 9 sales in the last 24 months, at a median $470,625.

One unit was offered for rent at $3,450 a month. 10 leases were signed over the same 12 months, at a median $3,763 a month (range $2,850 to $7,150). Leases outnumbered sales 3 to 1 over that year, so renters are a large share of who lives here.

County records show 58% of residences as owner-occupied.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
5 Island Ave, Miami Beach 33139
Neighborhood
South Beach
Year built
1967
Floors
16
Residences (county-verified)
138
Owner-occupied
58% of residences
Avg. unit size
1,045 sq ft
Total living area
144,258 sq ft
County condo folios
138
Recorded MLS listings
112

The numbers at Island Terrace.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2019 to 2026. Count in the tooltip.

$348$695$3582019$4072020$4892021$6232022$5102023$6952024$5942025$5202026$348$695$358'19'20$489'21'22'23$695'24'25$520'26

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)3$5209$3,775/mo
20256$5946$3,250/mo
20246$6956$3,625/mo
20233$5108$3,525/mo
202215$62310$3,925/mo
202113$4895$3,000/mo
20209$4074$2,375/mo
20191$358*2$3,150/mo*

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Own here? See how the building moved since you bought.

Median closed $/SF in 2020: $407 (9 sales). In the last 12 months: $515 (4 sales). Change: +27%.

This is the building's movement, not your unit's value. Floor, view, line and condition move a unit's price more than the building does. Only years with three or more recorded sales are listed.

Get your unit's value →
Show all closings 56 sales · 50 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 9

UnitBDBASFAskedClosed$/SFClose dateDOM
15A11.5950$475,000$440,000$463Sep 15, 202618
12C221,305$900,000$679,000$520Aug 27, 2026101
15G11.5950$635,000$575,000$605Apr 28, 202678
4E11.5950$500,000$485,000$511Dec 29, 202553
15D221,333$1,650,000$1,463,000$1,098Sep 5, 202543
4F11.5950$499,000$456,250$480Jun 20, 202523
4K11680$450,000$450,000$662Apr 15, 2025330
11H221,302$780,000$700,000$538Jan 9, 2025167
14G11.5950$639,000$618,000$651Jan 7, 202512

Leases signed Nov 2, 2025 to Nov 2, 2026 · 10

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
LE11.5950$3,500/mo$3,500/mo$3.68Oct 1, 202650
15F12950$5,150/mo$5,000/mo$5.26Jul 15, 2026107
9B11.5950$3,950/mo$3,775/mo$3.97Jul 8, 202656
5J11.5985$4,700/mo$4,371/mo$4.44Jul 1, 202620
15E11.5950$4,100/mo$3,750/mo$3.95Mar 4, 202614
5D221,333$9,000/mo$7,150/mo$5.36Mar 1, 2026150
5G11.5950$3,500/mo$3,400/mo$3.58Jan 20, 202653
14F11.5950$2,950/mo$2,850/mo$3.00Jan 2, 202621
4H221,302$4,700/mo$4,700/mo$3.61Jan 1, 202688
11F11.5950$3,700/mo$3,500/mo$3.68Nov 21, 202568

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on Island Terrace.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • The 1% annual chance ("100-year") flood area, with a base flood elevation set.
  • Base flood elevation 9 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Turned 30 in 1997

The statute's first deadline for a building this age was December 31, 2024, then every 10 years.

What the deadline means
  • Based on year built 1967 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around Island Terrace

5 more nearby

Smaller buildings close by: Capri South Beach Building A (490 m) · Emil Luxury (560 m) · The Zen (560 m) · 15 Bay Road Residences (670 m) · West Bay Building (750 m) · Villa Bahia (760 m)

Compare with the two nearest →Every South Beach building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from Island Terrace's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

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Looking here?

Get alerts when a unit lists or sells

When a unit at Island Terrace lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

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