For saleVirtual tour
$3,200,000
3 beds2,979 sq ft
Ocean or gulf · Bay, harbor, inlet or soundShared waterfront site
5500 Island Estates Dr #606NAventura, FL 33160
Condo · MLS 12011273
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleReduced $200,000 from $3,950,000Virtual tour
$3,750,000
4 beds3,120 sq ft
5500 Island Estates Dr #705Aventura, FL 33160
Homes, condos and townhomes · MLS 11394975 · Listed 738 days ago (Oct 22, 2024)
Ocean or gulf · Shared waterfront site · Waterfront details
For sale: Listed and available according to the MyStateMLS feed.
About this property
Fantastic Opportunity to purchase a stunning 4-bed, 5.5-bath residence with breathtaking water views of Sunny Isles and the Intracoastal. Appointments include a terrace w/ outdoor kitchen, expansive living areas w/natural light, private foyer currently converted into a small office; gourmet kitchen, and spacious bedrooms with en-suite baths. Large pantry and extra fridge/freezer. The principal suite includes a spa-like bathroom and ample closet space. Smart Home. Dropped ceilings throughout for recessed led lighting. Electric black out shades. Prive Island amenities include a gym, pools, stylish lounges, tennis court, a children's lounge, a scenic walking path, and a wine cellar. Prive Island, an enclave where you will experience the utmost privacy in sophisticated setting.
Description provided by the listing brokerage.
MLS-reported waterfront
Waterfront details
The home is part of a condominium, cooperative or community whose shared site is reported as waterfront. Shoreline and docks are typically common or community property, not owned by the individual unit.
- Relationship to the water
- Shared waterfront site
- Water type
- Ocean or gulf
- Water body
- Not provided. Ask the listing agent.
- Frontage length
- Not provided. Ask the listing agent.
- Water access arrangement
- Not provided. Ask the listing agent.
- Docks, slips, lifts, moorings
- Dock reported
- Dock depth
- Not provided. Ask the listing agent.
- Shoreline
- Not provided. Ask the listing agent.
- Seasonal or tidal conditions
- Not provided. Ask the listing agent.
- Boating limits (bridges, depth, open-water access)
- Not provided. Ask the listing agent.
The listing reports a dock. It does not say whether the dock is private, shared or transferable, or what boats it fits.
Why this is listed as waterfront
WaterfrontYN“Yes”: The listing is marked waterfront.WaterfrontFeatures“Ocean Front”: Includes a "… Front" value describing frontage.PropertyTypeDetail“condo”: A unit on a shared (condominium-style) site.
Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront
Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Compass Florida, LLC.
Facts
- List price
- $3,750,000
- Original list price
- $3,950,000
- Status
- For sale
- Property type
- Condo
- Bedrooms
- 4
- Full baths
- 5
- Half baths
- 1
- Interior area
- 3,120 sq ft
- Year built
- 2017
- Garage spaces
- 2
- County
- Miami-Dade County
- MLS number
- 11394975
- Annual property tax (2023)
- $38,350
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.
Features
Exterior
- Dock
Appliances
- Washer
- Range
- Microwave
- Refrigerator
- Dryer
- Disposal
- Dishwasher
Flooring
- Marble
Heating
- Electric
Virtual tours
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Aventura.
Price and status history
- Original list price reported by the brokerage: $3,950,000
Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.
Estimate a monthly payment
$750,000
Illustrative. Replace with a quote from your lender.
From the listing (tax year 2023). Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.
Estimated monthly payment
$23,254 per month
Principal and interest$18,962
Property tax$3,196
Homeowners insurance$1,096
Loan amount$3,000,000
Total interest over the term$3,826,335
An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.
Similar waterfront listings nearby
Waterfront listings of the same property type and water type in Aventura, priced within 25% of this listing ($2,812,500 to $4,687,500), newest first. Each one passes the same waterfront rules. See all matches
For saleVirtual tour
$3,495,000
4 beds3,533 sq ft
Ocean or gulf · Bay, harbor, inlet or soundShared waterfront site
3301 Ne 183rd St #2001Aventura, FL 33160
Condo · MLS 12001204
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleVirtual tour
$3,888,888
3 beds3,073 sq ft
Ocean or gulf · Bay, harbor, inlet or soundShared waterfront site
3301 Ne 183rd St #3009Aventura, FL 33160
Condo · MLS 11981742
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleDock reportedVirtual tour
$2,900,000
4 beds3,300 sq ft
Ocean or gulf · CanalShared waterfront site
19955 Ne 38th Ct #1403Aventura, FL 33180
Condo · MLS 11775872
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleReduced $200,000Dock reportedVirtual tour
$4,500,000
4 beds3,222 sq ft
Ocean or gulf · Bay, harbor, inlet or soundShared waterfront site
6000 Island Blvd #2406Aventura, FL 33160
Condo · MLS 11610737
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleDock reportedVirtual tour
$3,100,000
5 beds3,600 sq ft
Ocean or gulf · CanalWaterfront, relationship not specified
3707 Ne 214th St #14Aventura, FL 33180
Townhome · MLS 11469721
Listing courtesy of Compass Florida, LLC · MyStateMLS
Questions to ask before you buy
Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.
- Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
- Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
- What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
- How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
- What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
- What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
- How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
- How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
- What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.
Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)
Guides and next steps
Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.
Listing last updated by the brokerage Apr 11, 2025, 11:51 AM UTC. Waterfront Homes last received MyStateMLS data Oct 30, 2026, 5:01 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.