3 Island Ave stands in Miami Beach, at the corner of Collins Avenue and 41st Street. The high-rise building rises 15 stories and consists of 119 units. It offers stunning views of Biscayne Bay, the Miami skyline, and the Atlantic Ocean. Residents enjoy the waterfront location alongside access to local attractions.
Constructed in 1962, the building features units that range from 544 to 11,381 square feet. Layouts include options for 1 and 2 bedrooms, providing a variety of living experiences. Recent prices for units range from $1,175,000 to $1,390,000. The average closed price is approximately $695,143, translating to $754 per square foot.
Amenities enhance everyday living. A heated pool encourages relaxation, while the clubhouse and barbecue areas provide social options. An exercise room promotes fitness, and a fishing pier adds to the waterfront appeal. Convenience comes with laundry facilities and a community room. The building has a 24/7 attended lobby and elevators.
Units feature open-concept living spaces, allowing for a free-flowing design. Residents often enjoy spacious balconies, which present additional outdoor space. Impact windows and doors enhance safety while allowing views of the surrounding area. Secured indoor parking ensures peace of mind.
Days on the market average around 99, showing a steady interest in the building. Nearby, residents find places like Savory Bakery & Cafe and Pb Steak for dining options. Shopping and entertainment near Lincoln Road remain within walking distance, making this location desirable. The proximity to The Standard Hotel and Sunset Harbor adds more convenience for a vibrant coastal lifestyle.
3 Island Ave stands in Miami Beach, at the corner of Collins Avenue and 41st Street. The high-rise building rises 15 stories and consists of 119 units. It offers stunning views of Biscayne Bay, the Miami skyline, and the Atlantic Ocean. Residents enjoy the waterfront location alongside access to local attractions.
Constructed in 1962, the building features units that range from 544 to 11,381 square feet. Layouts include options for 1 and 2 bedrooms, providing a variety of living experiences. Recent prices for units range from $1,175,000 to $1,390,000. The average closed price is approximately $695,143, translating to $754 per square foot.
Amenities enhance everyday living. A heated pool encourages relaxation, while the clubhouse and barbecue areas provide social options. An exercise room promotes fitness, and a fishing pier adds to the waterfront appeal. Convenience comes with laundry facilities and a community room. The building has a 24/7 attended lobby and elevators.
Units feature open-concept living spaces, allowing for a free-flowing design. Residents often enjoy spacious balconies, which present additional outdoor space. Impact windows and doors enhance safety while allowing views of the surrounding area. Secured indoor parking ensures peace of mind.
Days on the market average around 99, showing a steady interest in the building. Nearby, residents find places like Savory Bakery & Cafe and Pb Steak for dining options. Shopping and entertainment near Lincoln Road remain within walking distance, making this location desirable. The proximity to The Standard Hotel and Sunset Harbor adds more convenience for a vibrant coastal lifestyle.
Description
3 Island Ave stands in Miami Beach, at the corner of Collins Avenue and 41st Street. The high-rise building rises 15 stories and consists of 119 units. It offers stunning views of Biscayne Bay, the Miami skyline, and the Atlantic Ocean. Residents enjoy the waterfront location alongside access to local attractions.
Constructed in 1962, the building features units that range from 544 to 11,381 square feet. Layouts include options for 1 and 2 bedrooms, providing a variety of living experiences. Recent prices for units range from $1,175,000 to $1,390,000. The average closed price is approximately $695,143, translating to $754 per square foot.
Amenities enhance everyday living. A heated pool encourages relaxation, while the clubhouse and barbecue areas provide social options. An exercise room promotes fitness, and a fishing pier adds to the waterfront appeal. Convenience comes with laundry facilities and a community room. The building has a 24/7 attended lobby and elevators.
Units feature open-concept living spaces, allowing for a free-flowing design. Residents often enjoy spacious balconies, which present additional outdoor space. Impact windows and doors enhance safety while allowing views of the surrounding area. Secured indoor parking ensures peace of mind.
Days on the market average around 99, showing a steady interest in the building. Nearby, residents find places like Savory Bakery & Cafe and Pb Steak for dining options. Shopping and entertainment near Lincoln Road remain within walking distance, making this location desirable. The proximity to The Standard Hotel and Sunset Harbor adds more convenience for a vibrant coastal lifestyle.
3 Island Ave Key Stats Last 12 months
Avg. Listed Price$773,340($813/Sqft.)
Avg. Sale Price$693,231($705/Sqft.)
Year over year list price2.16%
Year over year sale price19.08%
Total Listings16 Listed
Total sold13 Sold
Average Days on Market164 days
Average HOA fees per sqft$2 /monthly
Key Stats
Year over year list price2.16%
Year over year sale price19.08%
Total Listings16 Listed
Total sold13 Sold
Average Days on Market164 days
Average HOA fees per sqft$2 /monthly
Glen Gardens Estate Availability & Demand
Unit Availability
High
High availability buildings list units frequently.
Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.
Unit Demand
Medium
Units in high-demand buildings sell quicker.
Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.
What makes living at Terrace Towers even more enticing are the fantastic amenities. You'll find a clubhouse-clubroom for social gatherings, a heated pool for those sunny Miami days, and even a barbecue area for weekend cookouts with friends and family. Outdoor enthusiasts will appreciate the fishing pier as well as the boat dock for easy access to the water. If you love staying fit, the well-equipped exercise room will meet all your workout needs. Additional conveniences include a business center, laundry facilities, and elevators, ensuring that everything you need is just a short elevator ride away.
Amenities Description
What makes living at Terrace Towers even more enticing are the fantastic amenities. You'll find a clubhouse-clubroom for social gatherings, a heated pool for those sunny Miami days, and even a barbecue area for weekend cookouts with friends and family. Outdoor enthusiasts will appreciate the fishing pier as well as the boat dock for easy access to the water. If you love staying fit, the well-equipped exercise room will meet all your workout needs. Additional conveniences include a business center, laundry facilities, and elevators, ensuring that everything you need is just a short elevator ride away.
Parking
Locker
Concierge
Elevator(s)
Central AC
Pool
Fitness Center
Visitors Parking
Amenities
Elevator(s)
Barbeque
Barbecue
Exercise Room
Bike Storage
Pool
Community Room
Fire Alarm
TV Camera
Laundry
Business Center
Balcony
Smoke Detector(s)
Policies
As a pet lover, you’ll be pleased to hear that cats are allowed, although dogs aren’t permitted. This policy can be a game-changer if you’re looking for a welcoming atmosphere where furry friends can thrive.
Pet Allowed
BBQ Permitted
Sublet Allowed
Short-term Rental Allowed
Compare with Buildings in the Neighbourhood (Last 12 Months)
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
Venetian Islands sit on a chain of small islands between Miami and Miami Beach. This district offers Biscayne Bay views and quick crossings to Downtown Miami. Pérez Art Museum Miami and Frost Museum of Science draw visitors. Jungle Island sits nearby and Miami Seaquarium opens on Virginia Key. Bayfront Park and Maurice A. Ferré Park offer lawns and waterfront paths. South Pointe Park offers beaches and picnic spots. Joe's Stone Crab and Smith & Wollensky serve seafood. Yardbird and Nikki Beach host outdoor dining. Clevelander and Broken Shaker serve drinks. Miami-Dade Transit buses, Metromover, and Metrorail move people to nearby hubs. Miami Water Taxi and Brightline give water and rail links for travelers. Marinas and boat ramps support private boats and charter services. Small shops, hotels, and mixed-use buildings line nearby edges of this district. Traffic and tourist flows rise during events and cruise calls at PortMiami. Kaseya Center hosts concerts and basketball games. Biscayne Lady offers bay cruises from nearby marinas. Small galleries and public art appear along some waterfront blocks. Hotels and rental homes provide short stay options to visitors. Most common age group is 30 to 34 and one-person households form the largest share.
Neighbourhood Description
Venetian Islands sit on a chain of small islands between Miami and Miami Beach. This district offers Biscayne Bay views and quick crossings to Downtown Miami. Pérez Art Museum Miami and Frost Museum of Science draw visitors. Jungle Island sits nearby and Miami Seaquarium opens on Virginia Key. Bayfront Park and Maurice A. Ferré Park offer lawns and waterfront paths. South Pointe Park offers beaches and picnic spots. Joe's Stone Crab and Smith & Wollensky serve seafood. Yardbird and Nikki Beach host outdoor dining. Clevelander and Broken Shaker serve drinks. Miami-Dade Transit buses, Metromover, and Metrorail move people to nearby hubs. Miami Water Taxi and Brightline give water and rail links for travelers. Marinas and boat ramps support private boats and charter services. Small shops, hotels, and mixed-use buildings line nearby edges of this district. Traffic and tourist flows rise during events and cruise calls at PortMiami. Kaseya Center hosts concerts and basketball games. Biscayne Lady offers bay cruises from nearby marinas. Small galleries and public art appear along some waterfront blocks. Hotels and rental homes provide short stay options to visitors. Most common age group is 30 to 34 and one-person households form the largest share.
This neighborhood indicates a good mix of people which makes it a good place for families. About 8.94% are children aged 0–14, 19.75% are young adults between 15–29, 38.03% are adults aged 30–44, 20.18% are in the 45–59 range and 13.11% are seniors aged 60 and above.
Commuting options are also varying where 44.41% of residents relying on driving, while others prefer public transit around 6.54%, walking around 13.39%, biking around 11.91%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 76.84% of units are rented and 23.16% are owner occupied.
The neighborhood offers different household types. About 12.17% are single family homes and 0.78% are multi family units. Around 57.24% are single-person households, while 42.76% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 31.02% of residents have bachelor’s degrees. Around 15.72% have high school or college education. Another 11.17% hold diplomas while 20.23% have completed postgraduate studies. The remaining are 21.86% with other types of qualifications.
Demographics Description
This neighborhood indicates a good mix of people which makes it a good place for families. About 8.94% are children aged 0–14, 19.75% are young adults between 15–29, 38.03% are adults aged 30–44, 20.18% are in the 45–59 range and 13.11% are seniors aged 60 and above.
Commuting options are also varying where 44.41% of residents relying on driving, while others prefer public transit around 6.54%, walking around 13.39%, biking around 11.91%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 76.84% of units are rented and 23.16% are owner occupied.
The neighborhood offers different household types. About 12.17% are single family homes and 0.78% are multi family units. Around 57.24% are single-person households, while 42.76% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 31.02% of residents have bachelor’s degrees. Around 15.72% have high school or college education. Another 11.17% hold diplomas while 20.23% have completed postgraduate studies. The remaining are 21.86% with other types of qualifications.
Age Demographics
8.94%(0 - 14 years old)
19.75%(15 - 29 years old)
38.03%(30 - 44 years old)
20.18%(45 - 59 years old)
13.11%(60+ years old)
Commute
6.54%
Transit
13.39%
Walk
44.41%
Drive
11.91%
Bike
Housing Ownership
23.16%
Owner Occupied
76.84%
Rental Units
Household Types
12.17%
Single Family
0.78%
Multi Family
57.24%
Single Person
42.76%
Multi Person
Education
Bachelors Degree31.02%
High School College15.72%
Diploma11.17%
Post Graduate20.23%
Others21.86%
Education
Diploma11.17%
Post Graduate20.23%
Others21.86%
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