ISLAND TERRACE CONDO
Homes for Sale in Miami Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via miami
Island Terrace's numbers are built on a thin data set right now — three closings in the current window — so treat the $575,000 median and the $605.26 per-square-foot figure as directional, not gospel. A single unit selling above or below that mark can move both figures meaningfully. That said, the per-square-foot number is high for a condo, which tells you pricing here is being driven by unit condition and view/floor rather than by any shared amenity package.
The 7.1% year-over-year gain and a market heat score of 51 point to a market that is holding value without running hot. At a median 53 days on market, sellers should price to the comparable evidence rather than to hope, and buyers have some room to negotiate on condition or closing timeline rather than needing to move on day one.
ISLAND TERRACE CONDO right now
🟡 Still climbing. The trailing-12-month median ($575K) is up 7.1% from the prior 12 months ($537K). With about 7 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level miami closed sales, 12-month windows ending July 20. Confidence: Low (3 and 4 sales in the two windows).
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Updated July 20, 2026 · Live data: miami, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
ISLAND TERRACE CONDO market snapshot (as of July 20, 2026): the median sale price is about $575K ($605 per sq ft over the trailing 12 months of closed sales), and a median 53 days on market for closed sales. The trailing-12-month median is up 7% from the prior 12 months, computed from record-level miami closed sales (3 closings in the current window).
Island Terrace trades on a per-unit basis more than on a building amenity story — current MLS listings show no shared amenities identified, so value here is concentrated in the unit itself: layout, finish level, and view.
The setting & the homes.
Aerial and on-site photos of ISLAND TERRACE CONDO. Swipe to explore the community.
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ISLAND TERRACE CONDOPhotos from miami listings in ISLAND TERRACE CONDO; content deemed reliable but not guaranteed.
Who ISLAND TERRACE CONDO is best for.
Best for
- A buyer prioritizing unit-level finish and view over shared building features.
- A buyer comfortable with a market that has limited recent closing volume and wants guidance interpreting thin data.
- A buyer with flexibility on timeline who can negotiate given a median 53-day market period.
Probably not for
- A buyer who wants a building with an established amenity package such as a pool or fitness center.
- A buyer who needs a large, deep comparable-sales pool to feel confident in pricing.
- A buyer expecting to move fastest in a high-heat, competitive-offer environment — the current heat score is moderate, not urgent.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 20 of each year, from record-level miami closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($575K) IS the median in the snapshot above, and the move from 2025 ($537K) IS the +7.1% one-year change.
Windows contain 2 to 19 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2018 through 2026. Deemed reliable but not guaranteed.
0% of homes for sale in ZIP 33139 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-07-18).
ISLAND TERRACE CONDO Market Scorecard
ISLAND TERRACE CONDO is currently a balanced market., and homes go under contract in about 49 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: miami, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in ISLAND TERRACE CONDO
Live MLS inventory for ISLAND TERRACE CONDO. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending ISLAND TERRACE CONDO listings as of 2026-08-19, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2018 through 2026. Tap any home to ask about it.
The ISLAND TERRACE CONDO buying strategy.
If we were buying in ISLAND TERRACE CONDO today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in ISLAND TERRACE CONDO.
Pricing on the unit, not the building
With no community amenities showing up in the listing data, this is not a building where buyers are paying for a pool, a fitness room, or common social space. That means the per-square-foot figure of $605.26 is almost entirely a reflection of what's inside the four walls — recent updates, floor level, and orientation are doing the pricing work that amenities would do elsewhere.
A median of 53 days on market with only three closings in the window is a small sample, so buyers should expect variability from one listing to the next rather than a tightly banded price curve. The 7.1% year-over-year change suggests the underlying trend is positive, but with this few transactions, one or two unusual sales can swing the comparable set for months.
The location and the amenities are priced into every listing in ISLAND TERRACE CONDO. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
When a market has this few closings, pulling the right comps — and knowing which ones to discount — matters more than usual. We track Island Terrace's actual sold data rather than relying on automated estimates, so pricing conversations are grounded in what's really transacting, not on a formula that hasn't seen enough sales to be reliable.
ISLAND TERRACE CONDO in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a ISLAND TERRACE CONDO buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed ISLAND TERRACE CONDO sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in ISLAND TERRACE CONDO, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your ISLAND TERRACE CONDO home worth?
Get a no-obligation home value based on real comparable sales in ISLAND TERRACE CONDO, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in ISLAND TERRACE CONDO?
How long do homes in ISLAND TERRACE CONDO take to sell?
Do cash buyers compete in ISLAND TERRACE CONDO?
Who is the best real estate agent for ISLAND TERRACE CONDO?
How do I find a top Miami Beach real estate agent who knows ISLAND TERRACE CONDO?
Can Momentum Realty connect me with an agent for ISLAND TERRACE CONDO?
Should you buy in ISLAND TERRACE CONDO?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | miami closed sales, 12-month windows ending July 20, 2026 |
| Under-contract shares | miami records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2018 (60 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of miami records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the miami member average and 8 days faster, and we’ll price yours against live your area comps.
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