Island Way Homes for Sale

Island Way is a luxury community in Aventura, Miami-Dade County, Florida. Properties are priced from $1,800,000 to $2,200,000. Pure Equity lists homes in Island Way and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Island Way 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 Way Aventura homes for sale as of October 2026. The median asking price is $1.6M. Asking prices run from $1.59M to $1.62M.

That is 238% above the Aventura median of $475,000. On a per-foot basis, homes here ask about $674 per square foot, compared with $376 across Aventura. So the median price buys roughly 2,400 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 51 days on the market. That is faster than the Aventura average of 172 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Island Way date from 1991 to 1994. That puts them between 32 and 35 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.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

At a median near $1.6M, Island Way sits in the luxury tier of Aventura. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Island Way have a median asking rent of $19,000 per month, across 2 active rental listings. For comparison, the Aventura median is $3,200, so rents here run 494% higher.

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

Here is what the median Island Way price means in Florida closing terms. At $1.6M, a 20% down payment comes to about $321,000, leaving a loan near $1.28M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $4,494. Next, the intangible tax of 0.2% adds about $2,568. 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 $9,630 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 Way 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.