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Pending
Waterfront · Condominium
$1,495,000$1,083 / sqft

3 Island Ave # 08I, Miami Beach FL 33139

2
Bedrooms
2
Bathrooms
1,381 sqft
Interior
1962
Year built
$1,830 / mo
HOA
Condominium
Type

About this home

Live in the most desirable line at 3 Island Avenue. This beautiful corner unit redefines luxury with its breathtaking views of Biscayne Bay and the Miami skyline. Immerse yourself in a world of contemporary design and lavish renovations. The open-concept living area seamlessly integrates sleek finishes, creating a space that complements the panoramic bay and skyline views from the corner balcony. The master bedroom offers breathtaking views, & a modern Bathroom with a walk in closet. The kitchen features top-of-the-line appliances, & custom Scavolini cabinetry. Located on beautiful Belle Isle, this address grants easy access to South Beach, fine dining, high-end shopping, & cultural experiences. The unobstructed bay and skyline views make this unit a rare gem in the luxury market.

Features

  • Interior Hall
  • First Floor Entry
  • Open Balcony
  • Bay
  • Skyline
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$9,390

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$7,560
HOA
$1,830 / 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.

Courtesy of
Coldwell Banker Realty

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.

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 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.