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  1. Home/
  2. Miami Beach, FL/
  3. Terrace Towers

Terrace Towers

3 Island Ave, Miami Beach, FL, 33139

Units for Sale

Aerial panoramic view of a coastal city with numerous buildings and a marina.View Listing
MLS ID #A11707944
Aerial panoramic view of a coastal city with numerous buildings and a marina.View ListingMLS ID #A11707944
View from a balcony overlooking water and a distant city skyline.View ListingMLS ID #A11707944
Wide angle view of a pool area overlooking the water with a distant skyline.View ListingMLS ID #A11707944
Outdoor balcony with seating overlooking a cityscape and waterfront.View ListingMLS ID #A11742935
YearBuilt

Year Built

1962

Stories

# Stories

15

#TotalUnits

# Total Units

97
UnitSizeRange

Unit Size Range

544-11,381 sqft

UnitDemand

Unit Demand

Stories

-

UnitAvailability

Unit Availability

Stories

-


About Terrace Towers

3 Island Avenue is a charming 15-story building, completed in 1962, strategically located along the picturesque waterfront of Miami Beach. The building offers a selection of well-designed units that provide residents with comfortable living amidst stunning views of the surrounding waterways. Architectural highlights include a timeless design that blends seamlessly with the coastal environment, providing an idyllic backdrop for those seeking serenity and convenience. Residents can take advantage of a range of practical amenities, such as a well-maintained swimming pool, a community room for social gatherings, and landscaped gardens that offer a peaceful retreat. Additionally, the building features secure on-site parking, ensuring convenience for those with vehicles. 3 Island Avenue is situated in a coveted location, providing easy access to nearby shopping centers, varied dining options, and recreational activities, making it a desirable place for vibrant yet relaxed living. The area holds a unique charm, with its proximity to the beach offering the chance for pleasant strolls along the shore, as well as quick connections to the city's cultural and entertainment hubs. This combination of features makes 3 Island Avenue an attractive option for a serene waterfront lifestyle.

Aerial panoramic view of a coastal city with numerous buildings and a marina.View Listing
MLS ID #A11707944
Aerial panoramic view of a coastal city with numerous buildings and a marina.View ListingMLS ID #A11707944
View from a balcony overlooking water and a distant city skyline.View ListingMLS ID #A11707944
Wide angle view of a pool area overlooking the water with a distant skyline.View ListingMLS ID #A11707944
Outdoor balcony with seating overlooking a cityscape and waterfront.View ListingMLS ID #A11742935

Amenities

ParkingParking
LockerLocker
ConciergeConcierge
ElevatorElevatorCheck Icon
Central ACCentral AC
PoolPoolCheck Icon
Fitness CenterFitness CenterCheck Icon
Visitors ParkingVisitors Parking

Building Policies

Pet AllowedPets Allowed
Short-term Rental AllowedShort-term Rental Allowed
BBQ PermittedBBQ Permitted
Sublet AllowedSublet Allowed

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Terrace Towers Market Report (last 12 months)

Avg. List Price
$622,819 ($754/Sqft.)
Year-Over-Year List Price
Down Arrow 28.05%
Total Listings
Listings11
Avg. Days On Market
Calendar124
Avg. Sale Price
$836,572 ($779/Sqft.)
Year-Over-Year Sale Price
Up Arrow 19.17%
Total Sold
Sold7
Avg. HOA Fees/Sqft
$1 /monthly
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Living in Terrace Towers

Condo Living at Terrace Towers, located at 3 ISLAND AVE,MIAMI BEACH,FL:

Welcome to Terrace Towers, a vibrant condo building situated in the heart of Miami Beach. Built in 1962, this classic structure spans 15 stories and offers a unique blend of historical charm and modern convenience. If you're a first-time homebuyer looking for a lively community with plenty of amenities, then this place might just be your perfect match.

Building Features and Unit Availability:

With 94 units available, Terrace Towers offers a range of sizes from cozy studios to spacious two-bedroom layouts. Though currently there are no units available for sale, the demand in this sought-after building has been steady. The average closed price for recent sales here is around $855,286, which breaks down to approximately $750 per square foot. If you're thinking about this building for your new home, it's good to know that the average days on the market have been around 129 — a reflection of the building’s popularity.

Amenities You'll Love:

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.

  1. Home/
  2. Miami Beach, FL/
  3. Terrace Towers
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