Island Terrace
Island Terrace is a condominium in Miami Beach.
Building details coming soon.
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Miami Beach, FL 33139
Available Residences at Island Terrace
2 Bedroom Condos · 2 units
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 2C | $1,250,000 | 2 / 2 | 1,305 | $958 | 97 |
| 12C | $900,000 | 2 / 2 | 1,305 | $690 | 51 |
1 Bedroom Condos · showing 5 of 8
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 8B | $509,000 | 1 / 2 / 1 | 950 | $536 | 144 |
| 2F | $489,000 | 1 / 2 / 1 | 950 | $515 | 36 |
| 15A | $485,000 | 1 / 2 / 1 | 950 | $511 | 152 |
| 6A | $475,000 | 1 / 2 / 1 | 950 | $500 | 142 |
| — | $464,000 | 1 / 2 / 1 | 950 | $488 | 50 |
Compare every South Beach building, its inventory, and area market trends in one place.
ANALYTICS
CURRENT INVENTORY
INVENTORY BY BEDROOM
- 1 Bed (8) 80%
- 2 Bed (2) 20%
INVENTORY TREND (ALL UNITS)
Market & Community Report
As of July 4, 2026, Island Terrace carries 10 active listings at an average asking price of $593K, with an average time on market of 77 days. Closed sales over the preceding 36 months averaged $678 per sq ft, and 3 transactions closed in the past 12 months — implying 40 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 4, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.
Frequently Asked Questions — Island Terrace
How many condos are for sale at Island Terrace?
As of July 4, 2026, 10 residences are actively listed for sale at Island Terrace. Current asking prices range from $444K to $1.3M. Inventory updates daily from the MLS.
How much do condos at Island Terrace cost?
Condos at Island Terrace are currently asking from $444K to $1.3M. Over the past 36 months, closed sales have averaged $678 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.
What is the average price per square foot at Island Terrace?
Based on MLS closed sales over the preceding 36 months, the average sale price at Island Terrace is $678 per square foot. Use this as a benchmark when comparing active listings in the building.
Where is Island Terrace located?
Island Terrace is located at 5 Island Ave, Miami Beach, FL, 33139, in the South Beach area.
What neighborhood is Island Terrace in?
Island Terrace is in South Beach, Miami Beach. You can compare every condo building, home inventory, and price trend across South Beach on its neighborhood guide.