3 Island Ave # 04I, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active151 days on marketListed Mar 18, 2026MLS #A11985394
About this home
3 Island Ave # 04I, Miami Beach FL 33139
Move right in — fully furnished & equipped 2-bedroom/2-bathroom SW corner condo on Belle Isle offers unparalleled direct waterfront views of Biscayne Bay and downtown Miami in a stylishly updated midcentury modern setting complete w/ eat-in open kitchen, spacious layout, in-unit washer/dryer, large private balcony, unforgettable sunsets & more. 3 Island Avenue — designed by legendary architect Morris Lapidus — is a full-service doorman building offering luxe amenities including 24 hr. security, concierge, bayfront pool, sundeck, BBQ/entertaining area & assigned covered parking. Located in one of Miami Beach’s most desirable neighborhoods, where serene island living is conveniently close to the area’s best shopping, dining and cultural/recreational attractions. A truly rare rental offering that won’t last! Available starting May 1.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,381
Sqft
1
Garage
1962
Year built
$4
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$201 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$201/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Miami Beach actives
$4 vs $728
Days on market
151 vs 91 typical
Where $4/sqft sits among the 394 Miami Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Venetian Islands
Get to know Miami Beach. See the full Miami Beach guide →
Venetian Islands — neighborhood snapshot
Population
2,295
Median age
50
Median income
$182,173
Median home value
$1,297,833
Avg household
2
Households w/ children
161
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami Beach market
$285K → $525K
Miami Beach median sold, yr/yr
95.1%
Sale-to-list ratio (12 mo)
19 of 394
Miami Beach actives have cut their price
Median sold price, Miami Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 92% below the MIAMI BEACH 33139 median. See the full Miami Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 3 Island Ave # 04I
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$1,450,000
3 Island Ave # 09I, Miami Beach FL 33139 · same community
2 bd · 2 ba · 1,381 sqft · $1,050/sqft · 135 DOM
Sold · Feb ’26$1,000,000
3 Island Ave # 10D, Miami Beach FL 33139 · same community
2 bd · 2 ba · 1,287 sqft · $777/sqft · 123 DOM
Sold · Apr ’26$800,000
3 Island Ave # 15C, Miami Beach FL 33139 · same community
2 bd · 2 ba · 1,283 sqft · $624/sqft · 140 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 3 Island Ave # 04I — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 3 Island Ave # 04I — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
3 Island Ave # 04I FAQs
What would the monthly payment be for 3 Island Ave # 04I, Miami Beach FL 33139?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $201/mo — principal and interest, estimated property taxes and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
Are pets allowed at 3 Island Ave # 04I, Miami Beach FL 33139?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami Beach?+
At $5,600, this home is listed about 99% below the Miami Beach median of $649,900. The market section on this page shows how the area is trending.
Which schools are assigned to 3 Island Ave # 04I, Miami Beach FL 33139?+
Miami Beach Senior High School (high), Miami Beach Nautilus Middle School (middle), North Beach Elementary School (elementary), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the MIAMI BEACH 33139 market on paper
$5,600 is 92% below the MIAMI BEACH 33139 median of $70,000, and at $4/sqft it sits under the Miami Beach average of $1,073.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong assigned schools
Miami Beach Senior High School, Miami Beach Nautilus Middle School, North Beach Elementary School, District Instructional Center (Dic), Instructional Center System Wide, Title I Migrant Education Program — North Beach Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of Beachfront Realty Inc · Robert H. Killgore. MLS #A11985394.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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