3 Island Ave (Terrace Towers), Miami Beach, Fl 33139

3 Island Ave (Terrace Towers), Miami Beach, Fl 33139

Main information

Year built: 1962
Developer: Signature Miami Modern (MiMo) style by architect Morris Lapidus.
Configuration: 15 stories building with 144 units
Floor plans: Studios (640 sq.ft.), 1 bedroom( from 882 to 984 sq.ft.) and 2 bedroom (from 1,396 to 1,494 sq.ft.) units
Legal Entity: Co-op (housing cooperative) before 2020, currently ISLAND CONDOMINIUM ASSOCIATION, INC.
Management: On-site management office located within the building.
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Key Insights

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Key Metrics
Current Price/SqFt $669
5-Year CAGR 9.01%
Median Price $0.65M
Value Appreciation (5yr) +54%

Neighborhood

3 Island Ave (Terrace Towers), Miami Beach, Fl 33139 is located in Belle Isle.

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