Condo
5 Island Ave APT Le
Miami Beach, FL 33139
1
Bedrooms
2
Bathrooms
950
Sq Ft
Property Details
Price/sqft$494
Days on Market131 days
Property TypeCondo
Back to Game
#1342323
1
Bedrooms
2
Bathrooms
950
Sq Ft
This 1 bedroom, 2 bathroom condo is located in Miami Beach, FL (ZIP code 33139). The property spans 950 square feet of living space. The property sold for $469,000, placing it in the mid-range segment of the market.
At $49,368 per square foot, this property falls into a distinct pricing tier for Miami Beach, FL. This price per square foot is in the luxury or ultra-luxury range, common in high-demand urban cores, waterfront locations, and neighborhoods in Miami Beach where supply is severely constrained relative to demand.
Florida is a popular real estate market known for waterfront properties, resort-style communities, and favorable tax conditions with no state income tax. Miami has become one of the most expensive markets in the country, while Tampa, Orlando, and Jacksonville each offer distinct pricing dynamics and lifestyle options. The state has experienced significant population migration from northern states, driving price appreciation across coastal and inland communities alike.
In the mid-range price range where this condo in Miami Beach sits, buyers are typically weighing a specific set of trade-offs. Mid-range buyers often have the widest selection and face the most competition, since this segment attracts first-time buyers who have saved for a move-up purchase as well as downsizers seeking manageable properties. Square footage, lot size, and the condition of kitchens and bathrooms tend to be the primary decision factors.
Properties like this condo in Miami Beach are part of the Housle game database, where players compare real home prices from across America. Understanding what makes each home worth what it sold for — the location within its market, the specific features, the year it was built, and the condition at time of sale — is exactly the kind of knowledge that Housle builds through repeated exposure to real listings.
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