Prive at Island Estates Aventura Location & Neighborhood
5000 & 5500 Island Estates Drive, Aventura, FL 33160
The Neighborhood
What's within reach.
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Williams Island Adjacent gated marina community0.3 mi
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Aventura Mall Aventura's retail anchor3.5 mi
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Bal Harbour Shops Luxury retail flagship4.8 mi
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Sunny Isles Beach Atlantic oceanfront4.0 mi
Life at Prive at Island Estates Aventura
Prive Island Residences occupies the last private island in South Florida — an eight-acre man-made island in Dumfoundling Bay accessible only through the gated enclaves of Williams Island and Island Estates, or by boat. Two 16-story twin towers contain 160 residences (80 per tower) with unobstructed water views in every direction. The location is unprecedented: there is no other building like this anywhere in the region.
Last Private Island
Prive is built on the last undeveloped private island in South Florida — an 8-acre human-made island in the widest part of Dumfoundling Bay. The first residential floor rises 68 feet above sea level, ensuring every residence has unobstructed water, sea, and sky views.
Gated & Secure
The island is accessible only through the gated communities of Williams Island and Island Estates, providing two layers of security before residents even reach Prive's own gates and 24-hour concierge.
Private Marina & Beach
Prive includes its own private marina with dedicated boat slips and a private beach on the island's perimeter — a level of waterfront access typically reserved for billionaire estate ownership.
World-Class Amenities
10,000 sq ft fitness center and spa, beach-entry pool, separate lap pool, lighted tennis court, jogging path, business center, private dining and social rooms, full-service concierge, kids playground — all designed for residents only.
Connectivity
Despite the island setting, Prive is 7 minutes by car from Aventura Mall, 15 minutes from Bal Harbour Shops, and 35 minutes from both Miami International and Fort Lauderdale-Hollywood airports.
Prive at Island Estates Aventura Investment & Market Outlook
Why Aventura Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. Aventura specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like Prive at Island Estates Aventura typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard Aventura pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. Prive at Island Estates Aventura follows the Aventura market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at Prive at Island Estates Aventura
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
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01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
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02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
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03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
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04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
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05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
Prive at Island Estates Aventura FAQs
Answers to the most common questions about Prive at Island Estates Aventura pricing, amenities, and policies. For anything else, our team is here to help.
How much do Prive Island Residences cost?
Prive Island condos start at approximately $2.4 million for two-bedroom residences (2,585 sq ft) and exceed $14 million for the top-floor penthouses (up to 9,000+ sq ft). The full pricing range covers 2-7 bedroom configurations across both towers.
Is Prive really on a private island?
Yes. Prive sits on an 8-acre man-made private island in Dumfoundling Bay, accessible only through the gated enclaves of Williams Island and Island Estates (or by boat through the building's private marina). It's the last private island development in South Florida.
Who designed Prive?
Prive was designed by Sieger Suarez Architectural Partnership — the same firm responsible for the Porsche Design Tower, Bentley Residences, St. Regis Bal Harbour, and Waldorf Astoria Miami. Interiors throughout are designed by Steven G, one of South Florida's most acclaimed interior designers.
When was Prive completed?
The twin towers were completed in 2017–2018. Available residences are primarily resale opportunities and any remaining developer inventory for the penthouses.
How many residences are there?
Prive contains 160 residences total — 80 in the North Tower (5000 Island Estates Drive) and 80 in the South Tower (5500 Island Estates Drive). Each tower rises 16 stories. Residences range from 2-5 bedrooms with penthouses up to 7 bedrooms.
What's included in each residence?
All residences feature private elevator entries, flow-through floor plans with 10-foot floor-to-ceiling glass, east/west water exposure, European-style kitchens, custom-designed cabinetry, elegant bathrooms, and outdoor summer kitchens on 10-foot-deep terraces.
Can I dock my yacht?
Yes — Prive includes its own private marina with boat slips available to residents. Slip arrangements (lease or purchase) are coordinated with the building's marina office.
What are HOA fees at Prive?
HOA fees at Prive are among the highest in Aventura due to the private-island infrastructure, twin-tower service program, and resort-tier amenity offering. Specific fees depend on residence size — contact our team for current schedules.
