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
Select data to display:
$/sq ft
Median Price
Average Price
Sales Volume
5-Year CAGR
Value Appreciation (5yr)
Value Appreciation (10yr)
1 Year
3 Years
5 Years
All Time
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. Ten upscale condominium buildings, primarily dating from the 1960s to early 2000s, with 8 offering units for sale and rent and 2 operating exclusively as rental properties, forming a tight-knit community close to Miami Beach’s action yet removed from the noise
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