5 Island Avenue

5 Island Avenue is a condo located in Venetian Islands, Miami Beach. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Both dogs and cats are allowed in the building! There are 105 closings on record, of which we have matching data for 17 listings. In the past 3 years, a listing in this building will typically remain on the market for about 129 days and tend to sell below the original asking price of $585,000 by 3.36%. Meaning, listings tend to sell at a median of $479 price per square foot. The transaction that took the longest to complete was unit 9J, listed on Mar 18, 2018 for $475,000. This particular unit ultimately sold 347 days later for $400,000. The most recent transaction was for unit 7H, sold for $697,500 on May 10, 2023. Fun fact, the oldest transaction we have on record took place on Jan 27, 1994. See the full transaction history for 5 Island Avenue below.

Venetian Islands, where 5 Island Avenue is located, has a median asking price of $1,175,000 for condo buildings. Meanwhile, the building itself has a median asking price of $585,000. For interested buyers, that means the building's median asking price is around 0.50% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 9 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $689,000. It is a 950 sqft 1 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $495,000. It is a 680 sqft 1 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, 9 one-bedroom, no two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $589,999. Collectively, the median square footage of these active units for sale is 950 sqft. Active units for sale at 5 Island Avenue have a median count of 1 bedrooms and have a median count of 2 bathrooms.