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Buildings/Miami/ICON BAY CONDO

Premium

ICON BAY CONDO

460 NE 28 ST, Miami 33137

★ 4.1

2015

Year Built

301

Units

CI Score

Moderate

For Sale

$770K

Avg Price

$685

Sale $/SF

For Rent

$5,850

Avg Rent

$4.83

Rent $/SF

-5.0%

YoY

For Sale

For Rent

Investor-Owned

79%

Avg HOA

$1,585/mo

Building Details

Address

460 NE 28 ST, Miami, 33137

Neighborhood

Miami

Year Built

2015

Total Units

301

Avg Unit Sqft

1,200 SF

Tier

Premium

Developer

The Related Group

Avg $/SF

$685.29

Avg Rent

$5,850/mo

Rent $/SF

$4.83/SF

HOA Range

$1,206 – $3,178

Google Rating

4.1 (98 reviews)

Neighborhood Rank

Top 5%

Avg Unit Value

$720K

Total Sales (All-Time)

585

Phone

(786) 577-5415

Investment Analysis

Yield Metrics

Rental Yield (annualized)9.5%

YoY Appreciation-5.0%

Total Yield-8.8%

Median Rent$5,850/mo

YoY Rent Change+36.0%

YoY Sale $/SF Change-8.5%

Liquidity & Demand

Closed Sales (120d)9

Days on Market110 days

Months of Inventory12.4

Sale-to-List Ratio0.9%

Price Reduction Rate100%

Investor-Owned79%

For Sale6

For Rent6

Top 5%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$686

+8.0%

Rental Price Trend ($/SF)

$4.46

+9.9%

Building Activity

Sales & Listings

Active Listings

For Sale (6)

$575K

Unit 1602

1 bd1 ba854 sf

$673/SF99 DOM

$600K

Unit 3402

1 bd2 ba854 sf

$702/SF107 DOM

$615K

Unit 902

1 bd2 ba854 sf

$720/SF

$635K

Unit 1102

1 bd2 ba973 sf

$653/SF6 DOM

$635K

Unit 1102

1 bd2 ba973 sf

$640K

Unit 3002

1 bd1 ba854 sf

For Rent (6)

$4K

Unit 3402

1 bd2 ba854 sf

$5/SF15 DOM

$4K

Unit 705

2 bd2 ba1,143 sf

$4/SF14 DOM

$4K

Unit 607

2 bd2 ba1,095 sf

$4/SF67 DOM

$5K

1,073 sf

$5K

Unit 3105

2 bd2 ba1,143 sf

$4/SF12 DOM

$5K

Unit 2607

2 bd2 ba1,095 sf

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Mar 20, 2026	$1.2M	$842.29	3/3	1,395
Mar 19, 2026	$685K	$625.57	2/2	1,095
Feb 10, 2026	$705K	$643.84	2/2	1,095
Feb 6, 2026	$765K	$669.29	2/2	1,143
Dec 3, 2025	$720K

Units & Ownership

Total Units

301

Avg Sqft

1,200 SF

Avg Assessed

$655K

Owner-Occupied

21%

Tax & Ownership

Investor-Owned

79%

Owner-Occupied

21%

Avg Assessed Value

$655K

Avg Taxable Value

$644K

Effective Year Built

2015

Zoning

5000

Unit Mix

1 BR34

Avg 854 SF

2 BR213

Avg 1,136 SF

3 BR36

Avg 1,395 SF

4 BR4

Avg 2,264 SF

5 BR12

Avg 2,356 SF

Unknown2

Avg 1,319 SF

Unit Directory

Showing 10 of 301 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
304	2	2	915	$435K	—	$456K	$498	Aug 2015
305	2	2	919	$413K	—	$496K	$540	Nov 2015
306	2	2	906	$428K	—	$449K	$495	Jul 2015
307	2	2	900	$513K	✓	$768K	$853	Feb 2024
308	3	2	1,395	$495K	✓	$580K	$416	Nov 2020
401	2	3	1,639	$641K	—	$626K	$382	Jul 2015
404	2	2	1,104	$488K	—	$500K	$453	Jul 2015
405	2	2	1,143	$554K	✓	$868K	$759	Apr 2023
406	2	2	1,073	$555K	—	$760K	$708	Jan 2023
407	2	2	1,095	$554K	—	$775K	$708	Dec 2023