# Icon Bay

As of 2026-10-29, Icon Bay in Edgewater has 13 units for sale at a median asking price of $895K ($749/sqft); 23 units sold in the last 12 months.

Icon Bay is a luxury waterfront condominium in the Edgewater neighborhood of Miami.

## Key facts

| | |
|---|---|
| Address | 460 NE 28th St |
| Neighborhood | Edgewater |
| Year built | 2015 |
| Floors | 43 |
| Units | 299 |
| Waterfront | yes |
| Developer | Related Group |
| Architect | Arquitectonica |
| For sale | 13 |
| Pending | 3 |
| Median asking price | $895,000 |
| Median asking $/sqft | $749/sqft |
| Sold, last 12 months | 23 |
| Median sold $/sqft, 12 months | $644/sqft |
| Months of inventory | 6.8 |
| Median HOA | $1,761/mo |
| Parking | The building offers valet parking and some units include assigned covered parking. |

## Own Miami measures

- **own.miami Building Score: 74 (A−)**
  - Value: 52 — $749/sqft — vs. Edgewater condos, then all of Miami
  - Momentum: 45 — -1.5% $/sqft over 6 months
  - Liquidity: 80 — 6.8 months of supply · 4 days on market
  - Health: 100 — Verified records on file — nothing adverse
  - Waterfront: 90 — Waterfront building
  - Age: 70 — Built 2015 — vs. Edgewater buildings
- **Own Miami Condo Index: 101** (market; 100 = the market-median building, 200 = twice its $/sqft; rank 336 of 698 tracked Miami condos)
- **Financeability Index: 71** (good; 12-month window, 11 recorded mortgages, 29% of sales bank-financed, lowest down payment 10%, as of 2026-10-31)
- Special-assessment outlook: clear (next structural milestone inspection due 2040)

## Building health (verified public records)

- Public records checked 2026-10-28: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — Regulated lenders recorded 10 purchase or refinance loans on this building in the last 12 months, financing 29% of its recorded sales, and accepted a down payment as low as 10%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 71/100. (2026-10-31)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-09-20)

## Frequently asked questions

**How much do condos at Icon Bay cost?**

There are 13 condos for sale at Icon Bay, from $572,000, with a median asking price of $895,000 ($749/sqft).

**How much are the HOA fees at Icon Bay?**

HOA / maintenance fees at Icon Bay run around $1,761 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**Is Icon Bay a waterfront building?**

Yes — Icon Bay is a waterfront building (Edgewater).

**When was Icon Bay built?**

Icon Bay was built in 2015, 43 stories, 299 residences.

**Who developed Icon Bay?**

Icon Bay was developed by Related Group and designed by Arquitectonica. Related Group's own.miami Developer Score is B+ across 52 buildings.

## Related pages

- [Edgewater — neighborhood guide](https://own.miami/edgewater)
- [All units for sale at Icon Bay](https://own.miami/buildings/icon-bay/for-sale)
- [Paraiso Bayviews](https://own.miami/buildings/paraiso-bayviews)
- [Aria on the Bay](https://own.miami/buildings/aria-on-the-bay)
- [Paraiso Bay](https://own.miami/buildings/paraiso-bay)
- [Blue on the Bay](https://own.miami/buildings/blue-on-the-bay)

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Source: Own.Miami — https://own.miami · data as of 2026-10-29
Canonical page: https://own.miami/buildings/icon-bay
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai