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Belle Isle

3 Island Ave, Miami Beach, FL, 33139
$350K – $1.5M+
VALUE RANGE
5
FOR SALE

Belle Isle, at 3 Island Avenue in Miami Beach, is a mid-century modern condominium designed by renowned architect Morris Lapidus and completed in 1962. Originally known as Terrace Towers, the building is a signature example of Lapidus's Miami Modern (MiMo) style and holds a special place in local history as the longtime residence of the architect himself until his death in 2001. Residents enjoy a bayfront swimming pool and deck, 24-hour security, concierge service, and a parking garage, with many residences offering direct views of Biscayne Bay and the Miami skyline. Set on Belle Isle along the Venetian Causeway directly across from The Standard Hotel & Spa, the building places residents minutes from Sunset Harbour's shops and grocers, Lincoln Road, and South Beach.

Available Residences at Belle Isle

2 Bedroom Condos · 1 unit

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
08I$1,495,0002 / 21,381$1,08326

1 Bedroom Condos · 3 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
G$849,8881 / 1859$98994
11B$659,0001 / 1790$8346
06K$495,8881 / 1861$576135

Studios · 2 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
PHA$385,0000 / 1544$70863
14A$350,0000 / 1544$64341
Neighborhood
South Beach

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ANALYTICS

All analytics are based on closed sales from the last 36 months.

CURRENT INVENTORY

5
Active Listings
▲ 0% vs last month
Avg List Price
$770K
Avg Days on Market
60

INVENTORY BY BEDROOM

  • 0 Bed (1) 20%
  • 1 Bed (3) 60%
  • 2 Bed (1) 20%
Building vs. Market
18% discount to Miami Beach
Trades at a 18% discount to the Miami Beach average ($724 vs $881/sqft) — potential relative value for buyers.

INVENTORY TREND (ALL UNITS)

1062Aug '25Dec '25Apr '26
4
New Listings
last 3 months
$724
Avg Sale $/SqFt
last 36 months
4.3
Months of Supply
14
Sold
last 12 months

Market & Community Report

As of July 27, 2026, Belle Isle carries 5 active listings at an average asking price of $770K, with an average time on market of 60 days. Closed sales over the preceding 36 months averaged $724 per sq ft, and 14 transactions closed in the past 12 months — implying 4.3 months of supply against the current pace of absorption.

Zip code 33139 (Miami Beach) is home to 34,406 residents with a median age of 42.1. Per-capita income stands at $88,782; 55.4% hold a bachelor's degree or higher. 33.9% of units are owner-occupied; 26.7% of residents work from home.

Data current as of July 27, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.

Frequently Asked Questions — Belle Isle

How many condos are for sale at Belle Isle?

As of July 27, 2026, 5 residences are actively listed for sale at Belle Isle. Current asking prices range from $350K to $1.5M. Inventory updates daily from the MLS.

How much do condos at Belle Isle cost?

Condos at Belle Isle are currently asking from $350K to $1.5M. Over the past 36 months, closed sales have averaged $724 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.

What is the average price per square foot at Belle Isle?

Based on MLS closed sales over the preceding 36 months, the average sale price at Belle Isle is $724 per square foot. Use this as a benchmark when comparing active listings in the building.

Where is Belle Isle located?

Belle Isle is located at 3 Island Ave, Miami Beach, FL, 33139, in the South Beach area.

What neighborhood is Belle Isle in?

Belle Isle is in South Beach, Miami Beach. You can compare every condo building, home inventory, and price trend across South Beach on its neighborhood guide.

What amenities does Belle Isle offer?

Belle Isle amenities include 24-hour security, Concierge service, Bayfront swimming pool and sun deck, Parking garage.

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