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Active
Waterfront · Condominium
$495,888$578 / sqft

3 Island Ave # 09L, Miami Beach FL 33139

1
Bedrooms
1
Bathrooms
858 sqft
Interior
1962
Year built
None
HOA
Condominium
Type

About this home

Welcome to 3 Island Avenue on Belle Isle. This high floor east facing unit offers stunning bay and park views. Move-in ready this unit has been freshly painted and offers and updated bathroom and kitchen with updated appliances (refrigerator is new). Pristine Corinthian tile floors through out. Designed by renowned architect Morris Lapidus, this distinctive waterfront building is located directly across from The Standard Hotel and within walking distance to parks, the marina, restaurants, markets, shopping, and Lincoln Road. Amenities include a bayfront pool, attended lobby, and security, all just moments from Sunset Harbour and two beautiful waterfront parks-an exceptional opportunity to enjoy the very best of Miami Beach living.

Features

  • Interior Hall
  • Built-in Features
  • Walk-In Closet(s)
  • East Of Us1
  • Barbeque
  • Bay
  • Garden View
  • Skyline

Estimated loan & HOA

$2,507

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$2,507
HOA
None

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Coldwell Banker Realty

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management

Cap rate
Cash-on-cash
Monthly cash flow
Net operating income

Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.

Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.

Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.