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Waterfront · Condominium
$925,000$710 / sqft
5 Island Ave # 8H, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
1,302 sqft
Interior
1967
Year built
$1,903 / mo
HOA
Condominium
Type
About this home
Welcome to THE BAYFRONT MASTERPIECE that is 5 Island Ave.#8H. Newly Updated to the Highest Standards! This 5-Star Bayfront Condo is Ready for the Most Discerning Buyers. 5 Island Ave. is a Luxury Boutique Building in the Heart of SOBE Renowned for its Central Location and Peaceful Waterfront Lifestyle. Newly Updated Pool, Fitness Center and Common Areas Compliment the Designer Interior that Greet You as You Enter this STUNNING BAYFRONT South Beach Residence. Corner Apartment. Walking Distance to All That Makes SOBE the Envy of All Coastal Residents. If You Seek a Peaceful Waterfront Lifestyle in A Central SoBe Location, This Is for You!
Features
- Interior Hall
- Lobby
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Family Room
- Open Balcony
- Bay
- Garden View
- Ocean View
Leasing
- Minimum lease
- 365 days
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.