Icon Bay Condos For Sale & Rent

Icon Bay Miami Condo Overview

Icon Bay Miami is an Edgewater condo building at 460 28 St in Edgewater, Miami. Built in 2015, the property has 44 stories and 300 residences. Buyers usually compare bay views, newer high-rise amenities, parking, rental rules, and access to Downtown Miami, Wynwood, Midtown, and the Design District.

Icon Bay Miami Condos for Sale

Icon Bay Miami condos for sale should be compared by bay or skyline exposure, floor height, line, balcony position, interior condition, parking, and monthly fees. Buyers should review recent comparable sales, view quality, interior condition, parking, monthly fees, building rules, reserves, and insurance considerations before deciding how a listing is positioned.

Icon Bay Miami Rentals and Rental Policy

Rental policy currently shows a short-term rental setup, a 1-month minimum rental term and up to 3 rentals per year. Buyers should verify association rules, approval timing, lease fees, taxes, city requirements, and current restrictions before relying on projected income.

Amenities and Building Details

The building was designed by Arquitectonica and developed by Related Group. The building is pet-friendly. Tennis access is also part of the building review. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. Spanning 44 floors, Icon Bay houses 300 condominium residences, featuring one-, two-, and three-bedroom floor plans with sizes ranging from 928 to 1,540 square feet. The building boasts an infinity-edged swimming pool with breathtaking bayfront views and a snack bar, providing an ideal setting for relaxation and social gatherings. A state-of-the-art fitness facility equipped with high-end cardio machines and offering yoga/pilates classes, alongside relaxing spa, sauna, and steam rooms, promote wellness and rejuvenation. Over 400 feet of pristine bay frontage, 24-hour security, and concierge services ensure a secure and convenient living environment.

What to Compare Before Buying at Icon Bay Miami

Compare active condos for sale, active rentals, recent sales, bay exposure, unit condition, monthly fees, parking, rental rules, pet policy, and Edgewater walkability. It is also useful to compare Icon Bay Miami with nearby buildings and area pages such as Miami and Bay House.

Market Context

Icon Bay Miami has completed-year closed-sale history from 2017 through 2025 in the market statistics, with 184 recorded condo sales, or about 20 sales per year. That gives buyers a useful resale sample, but individual unit differences still need to be adjusted carefully. The busiest year in the series was 2022 with 52 sales, while the quietest was 2019 with 4. Recent completed-year sales volume is close to the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for Icon Bay Miami ranges from about $413/sqft to $839/sqft, with an average near $610/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The last completed year in the series is higher than the first, moving from $422/sqft in 2017 to $714/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $757,447, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Icon Bay Miami: 2 Beds and 3 Beds units have the broadest historical comparison set, while 4 Beds+ around $2,234,286 and 3 Beds around $923,916 represent the higher average closed-price tiers in the chart data. Because that segment appears across several years, it is more useful as a comparison base than a one-off sale. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Icon Bay Miami also has short-term rental flexibility with a 1-month minimum lease and up to 3 rentals per year, which should be read together with the long-term sales data. That flexibility can broaden buyer demand, but only when approval timing, seasonality, furnishings, taxes, fees, and local rules support the intended use.