5500 Island Estates Dr

Aventura, FL 33160

$5,630,000

$1,275/ft²

5Beds

6.5Baths

4,417Sq ft

2017Year built

CondoType

About this home

Crowning Aventura’s most exclusive private island enclave, THIS IS THE ONLY DESIGNER-READY PH AVAILABLE FOR SALE AT PRIVE at Island Estates; an exceptionally rare offering and the final opportunity to secure a customizable 2 story sky estate within this ultra-private waterfront sanctuary. Reserved for the most discerning buyer this residence presents a blank architectural canvas poised to become a bespoke legacy home in one of South Florida’s most secure and prestigious addresses.This extraordinary PH is delivered in designer-ready condition, allowing a visionary owner to curate every finish and detail to exact standards. A dramatic 15 foot ceilings in both levels creates a remarkable volume and architectural drama throughout. Floor-to-ceiling glass frame unobstructed views of the Atlantic Ocean,Intracoastal Waterway and the city skyline, filling the interiors with natural light and breathtaking views from sunrise to sunset.The expansive wraparound terrace with over 3,200 SF transforms outdoor living into a private resort experience. A 24-foot private pool overlooks the water complemented by a summer kitchen designed for effortless al fresco dining and entertaining. The seamless indoor-outdoor flow offers an exceptional setting for hosting at scale while preserving absolute privacy.Designed for those who value privacy, security, and the ability to shape a legacy home from a blank canvas, this is one of the last remaining opportunities in Aventura—featuring refined renderings and bespoke interior concepts by acclaimed designer Fanny Haim & Associates.

Features

Waterfront

Property details

Listing

MLS #: A11966057
Status: For sale
Listed on: Feb 16, 2026
Days on market: 174 days
Listing data updated: Jul 31, 2026

Interior

Beds: 5
Baths: 6.5
Living area: 4,417 ft²
Price per ft²: $1,275/ft²
Unit: PH 1506

Building & community

Type: Condo
Year built: 2017
HOA fee: $9,856/mo
County: Miami-Dade

Lot & exterior

Waterfront: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $28,468
Property taxes (est.): $5,161
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $9,856

Estimated total$44,085*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?