Island Terrace
Condos for Sale in Miami Beach, FL
All 1,536 homes for sale in Miami Beach, FL · median $550,000 · 1,506 condos for sale in Miami Beach · 949 homes for sale in 33139 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
As of November 2026, Island Terrace Condo in Miami Beach, FL has 8 homes for sale, asking from $400,000 to $950,000 (median $458,500). Homes listed or recently sold were built 1967–1967; 8 of 8 report an HOA (median $1,458/mo).
Last 30 days in Island Terrace: 5 new listings (median asking $459,000). As of November 11, 2026, Listing information provided by the Southeast Florida MLS (SEFMLS) / MIAMI Association of REALTORS(R). Information is deemed reliable but not guaranteed by the MLS to be accurate.
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 · 0 daysTop listing
Active · 96 days
Active · 18 days
Active · 0 days
Active · 135 days
Active · 4 days
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Active · 97 daysActive and pending Island Terrace Condo listings as of 2026-11-11, 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 2026 through 2026. Tap any home to ask about it.
Every Home for Sale in Island Terrace Condo Right Now (8)
All 8 active and pending Island Terrace Condo listings with a detail page, newest first, refreshed twice a day from the MLS.
- 5 Island Ave Lf · $449,000 · 1 bd / 2 ba · listed Nov 6, 2026 · listed by One Sotheby's International Realty
- 5 Island Ave 5A · $459,000 · 1 bd / 2 ba · listed Nov 5, 2026 · listed by The Source Real Estate
- 5 Island Ave 12B · $449,000 · 1 bd / 1 ba · listed Nov 5, 2026 · listed by Beycome of Florida LLC
- 5 Island Ave 3C · $950,000 · 2 bd / 2 ba · listed Oct 3, 2026 · listed by Compass Florida, LLC
- 5 Island Ave Le · $459,000 · 1 bd / 2 ba · listed Aug 23, 2026 · listed by Brown Harris Stevens
- 5 Island Ave 8H · $925,000 · 2 bd / 2 ba · listed Aug 21, 2026 · listed by Trust Group Realty LLC
- 5 Island Ave 6A · $400,000 · 1 bd / 2 ba · listed Aug 13, 2026 · listed by Coldwell Banker Realty
- 5 Island Ave 2F · $458,000 · 1 bd / 2 ba · listed Aug 13, 2026 · listed by Douglas Elliman
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.
Figures in this note are as of July 22, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
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.
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.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of Island Terrace Condo. Swipe to explore the community.
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Island Terrace CondoIsland Terrace CondoIsland Terrace CondoIsland Terrace CondoIsland Terrace CondoIsland Terrace CondoIsland Terrace CondoIsland Terrace CondoPhotos from MIAMI MLS 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.
The market around Island Terrace Condo
Island Terrace Condo is too small for its own price trend, so here is the market around it.
In ZIP 33139, 950 homes are on the market and 11% are under contract — a slower corner of Miami Beach.
Across Miami-Dade County, 14,507 homes are active and 2,241 pending (13% under contract).
In ZIP 33139 (Miami Beach), 132 homes closed in the last 12 months at a median of $985K ($912/sq ft), with a median 84 days on market. Right now 240 active and 26 pending listings put supply at about 21.8 months — a soft market. See the live ZIP 33139 housing market and the Miami-Dade County market.
ZIP and county figures describe the wider market, not Island Terrace Condo specifically. Momentum Research analysis of MLS records.
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.
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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Should you buy in Island Terrace Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: November 11, 2026) |
| Under-contract shares | MIAMI MLS records, as of 2026-11-10 |
| Historical depth | Closed-sale records back to 2026 (2 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 MLS 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.
Recent Developments in Island Terrace Condo
Development, infrastructure, retail, and school activity affecting Island Terrace Condo, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Development
St. Regis Residences Sunny Isles Beach secures $463M financing package
Madison Realty Capital provided $463M to Fortune International Group and Chateau Group for the two-tower, 320-unit project at 18801 Collins Ave. The money refinances earlier debt and funds the South Tower, which is more than 80% sold, plus restaurants and amenities. The North Tower is to have 150 units.
What it may mean for the marketFresh financing keeps a large oceanfront condo project moving, supporting construction activity and future hospitality and dining amenities along Collins Avenue. The project is about 3 miles southeast of Island Terrace Condo, elsewhere in Miami-Dade County.
Source: Bisnow - September 2026Infrastructure
Unsolicited bid to build a North Dade rail line is under county study
The county is reviewing an unsolicited proposal for a 10-mile rapid transit line along NW 27th Avenue from the NW 62nd Street Metrorail station to NW 215th Street, near the Broward line. State estimates for heavy rail on the corridor reached $4.2 billion in April, and the line is unfunded. FDOT is waiting for the county to accept or reject the proposal.
What it may mean for the marketIf advanced, the line would extend rail access along the NW 27th Avenue corridor, but funding and mode remain undecided. The site is about 7 miles southwest of Island Terrace Condo.
Source: Miami Today - September 2026Civic
Miami-Dade commissioners adopt $14.26 billion budget with flat tax rate
County commissioners approved the fiscal year 2026-27 budget after a meeting that ran from Thursday afternoon into Friday morning. The operating property tax rate stays flat at 4.57 mills. The county says the plan prioritizes public safety, parks and transportation amid slowing revenue growth.
What it may mean for the marketA flat operating millage keeps the county's property tax rate steady for owners across Miami-Dade for the coming fiscal year. The site is about 14 miles south of Island Terrace Condo.
Source: Local 10 News - August 2026Market
Lakeview at NoMi opens pre-leasing with 342 units in North Miami
Integra Investments' seven-story project at 13855 NW 17th Avenue includes 342 units, 34 income-restricted and 308 workforce-priced, plus a 528-foot public linear park and about 3,160 square feet of ground-floor commercial space. The roughly $100 million build has a $65 million construction loan, with initial move-ins expected as soon as November.
What it may mean for the marketAdds 342 rental units and a public park to North Miami, expanding rental inventory at workforce price points. The project is about 7 miles southwest of Island Terrace Condo, elsewhere in Miami-Dade County.
Source: Hoodline - July 2026Development
Serenity Gardens senior housing set to break ground in Miami Gardens
Serenity Grove Venture, LLC prepared to break ground July 31 on Serenity Gardens, an eight-story building with 153 units next to Miami Gardens' Senior Family Center. Financing includes up to $45 million in multifamily mortgage revenue bonds plus $3.75 million in documentary stamp surtax funds, with amenities such as a fitness center, library, walking trails, and a pool.
What it may mean for the marketAdds an eight-story senior housing building to Miami Gardens with recreation amenities, increasing the local supply of income-restricted apartments on a long-term leased site. The project is about 7 miles southwest of Island Terrace Condo, elsewhere in Miami-Dade County.
Source: Hoodline - June 2026Development
Dezer Development proposes three-building, 600-unit project in North Miami
Dezer Development proposed a three-building project with 600 residential units on 4.4 acres at 1890 NE 146th Street in North Miami, ahead of a June 2 Planning Commission presentation. The plan includes a 14-story tower with 317 units, an 8-story building with 269 units, and 14 townhomes, with 944 parking spaces and about 4,500 square feet of retail.
What it may mean for the marketIntroduces a multi-building residential complex with a mix of tower, mid-rise, and townhome housing to North Miami, adding hundreds of units and ground-floor retail on a multi-parcel site. The project is about 5 miles south of Island Terrace Condo, elsewhere in Miami-Dade County.
Source: Florida YIMBY
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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