Island Estates Homes for Sale

Island Estates is a residential community in Aventura, Florida.

Pure Equity Realty covers Island Estates and the Aventura area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Island Estates Aventura homes for sale as of September 2026. The median asking price is $15M. Asking prices run from $9.95M to $20M.

That is 3154% above the Aventura median of $460,000. On a per-foot basis, homes here ask about $2,067 per square foot, compared with $372 across Aventura. So the median price buys roughly 7,250 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 35 days on the market. That is faster than the Aventura average of 167 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Island Estates date from 2001, so they are about 25 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

Rentals in Island Estates have a median asking rent of $55,000 per month, across 1 active rental listing. For comparison, the Aventura median is $3,172, so rents here run 1634% higher.

You can browse current Aventura rentals or ask us for a rent estimate on a specific Island Estates home.

Here is what the median Island Estates price means in Florida closing terms. At $15M, a 20% down payment comes to about $2.99M, leaving a loan near $12M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $41,916. Next, the intangible tax of 0.2% adds about $23,952. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $89,820 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Island Estates listings show assignments to Aventura Waterways K-8 (elementary), Highland Oaks (middle) and Dr. Michael M. Krop (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.