Island Pointe Homes for Sale

Island Pointe Condo is a waterfront community in Bay Harbor Islands, Miami-Dade County, Florida. Active listings are priced from $329,000 to $580,000. Homes were built starting 1966. Pure Equity lists homes in Island Pointe 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 Pointe and the Bay Harbor Islands 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 3 Island Pointe Bay Harbor Islands homes for sale as of October 2026. The median asking price is $400,000. Asking prices run from $349,000 to $805,000.

That is 69% below the Bay Harbor Islands median of $1.27M. On a per-foot basis, homes here ask about $421 per square foot, compared with $905 across Bay Harbor Islands. So the median price buys roughly 950 square feet of living area.

Listings here have averaged 84 days on the market. That is faster than the Bay Harbor Islands average of 168 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Island Pointe date from 1966, so they are about 60 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Island Pointe includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Island Pointe is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Island Pointe have a median asking rent of $4,100 per month, across 4 active rental listings. That is close to the Bay Harbor Islands median of $4,100.

For investors, those medians imply a gross yield near 12.3% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Bay Harbor Islands rentals or ask us for a rent estimate on a specific Island Pointe home.

Here is what the median Island Pointe price means in Florida closing terms. At $400,000, a 20% down payment comes to about $80,000, leaving a loan near $320,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,120. Next, the intangible tax of 0.2% adds about $640. 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 $2,400 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 Pointe listings show assignments to Ruth K. Broad Bay Harbor K-8 (elementary) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.