# Belle Isle

As of 2026-10-29, Belle Isle in South Beach has 6 units for sale at a median asking price of $523K ($642/sqft); 15 units sold in the last 12 months.

Belle Isle is a boutique waterfront building designed by architect Morris Lapidus, located on the Venetian Causeway.

## Key facts

| | |
|---|---|
| Address | 3 Island Ave |
| Neighborhood | South Beach |
| Year built | 1962 |
| Floors | 15 |
| Units | 141 |
| Waterfront | yes |
| Developer | Belle Isle Apartment Corp. |
| For sale | 6 |
| Pending | 0 |
| Median asking price | $522,944 |
| Median asking $/sqft | $642/sqft |
| Sold, last 12 months | 15 |
| Median sold $/sqft, 12 months | $705/sqft |
| Months of inventory | 4.8 |
| Median HOA | $1,211/mo |
| Parking | The building offers assigned parking and secure indoor assigned parking. |

## Own Miami measures

- **own.miami Building Score: 65 (B+)**
  - Value: 35 — $642/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 76 — +9.7% $/sqft over 6 months
  - Liquidity: 64 — 4.8 months of supply · 82 days on market
  - Health: 97 — Verified records on file — nothing adverse
  - Waterfront: 90 — Waterfront building
  - Age: 9 — Built 1962 — vs. South Beach buildings
- **Own Miami Condo Index: 105** (market; 100 = the market-median building, 200 = twice its $/sqft; rank 316 of 698 tracked Miami condos)
- **Financeability Index: 76** (strong; 12-month window, 9 recorded mortgages, 44% of sales bank-financed, lowest down payment 14.6%, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2027)

## Building health (verified public records)

- Public records checked 2026-10-26
- positive: Bank financing — Regulated lenders recorded 9 purchase or refinance loans on this building in the last 12 months, financing 44% of its recorded sales, and accepted a down payment as low as 14.6%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 76/100. (2026-10-31)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-09-18)

## Frequently asked questions

**How much do condos at Belle Isle cost?**

There are 6 condos for sale at Belle Isle, from $350,000, with a median asking price of $522,944 ($642/sqft).

**How much are the HOA fees at Belle Isle?**

HOA / maintenance fees at Belle Isle run around $1,211 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**Is Belle Isle a waterfront building?**

Yes — Belle Isle is a waterfront building (South Beach).

**When was Belle Isle built?**

Belle Isle was built in 1962, 15 stories, 141 residences.

**Who developed Belle Isle?**

Belle Isle was developed by Belle Isle Apartment Corp..

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at Belle Isle](https://own.miami/buildings/belle-isle/for-sale)
- [The Decoplage](https://own.miami/buildings/the-decoplage)
- [Mirador 1000](https://own.miami/buildings/mirador-1000)
- [Mirador 1200](https://own.miami/buildings/mirador-1200)
- [South Bay Club](https://own.miami/buildings/south-bay-club)

---

Source: Own.Miami — https://own.miami · data as of 2026-10-29
Canonical page: https://own.miami/buildings/belle-isle
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai