5 Island Ave, Miami Beach FL 33139
About this home
Spacious 1-bedroom, 1.5-bath residence on lanai level, featuring an updated kitchen and bathrooms, along with hurricane-impact glass for complete privacy. The unit includes 1 covered parking spot and a storage unit. Building amenities offer a bayside pool and fitness center. ideally located on Belle Isle near The Standard Spa, with easy access to Sunset Harbour, and the beach- all within walking distance.
Features
- First Floor Entry
- Closet Cabinetry
- Pantry
- Storage
- Utility Room/Laundry
- Open Balcony
- Pool Area View
- None
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,321
- HOA
- $1,446 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.