Island Terrace
Condos for Sale in Miami Beach, FL

Island Terrace Condo market snapshot (as of September 20, 2026): the median sale price is about $530K ($515 per sq ft over the trailing 12 months of closed sales), and a median 66 days on market for closed sales. The trailing-12-month median is down 14% from the prior 12 months, computed from record-level MIAMI MLS closed sales (4 closings in the current window).

In ZIP 33139 (Miami Beach), 697 homes closed in the last 12 months at a median of $800K ($765/sq ft), up 2.1% year over year, with a median 95 days on market. Right now 495 active and 79 pending listings — a buyer's market. See the live ZIP 33139 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 16 homes in ISLAND TERRACE Condo that have changed hands since 2019, built between 1967 and 1967 (median 1967), with a median living area of about 1,302 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

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.

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.

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.

Listings in this community report association dues of about $1,491 per month ($17,892 a year) — the median AssociationFee across 6 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.