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Waterfront · Condominium
$995,000$1,169 / sqft
450 Alton Rd # 3008, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
851 sqft
Interior
2005
Year built
$1,456 / mo
HOA
Condominium
Type
About this home
High-floor 1-bedroom, 1.5-bath residence at the iconic ICON South Beach, featuring floor-to-ceiling windows and beautiful panoramic views of the city, the Ocean and Biscayne Bay. Located in the heart of South of Fifth, one of Miami Beach’s most coveted neighborhoods, this residence combines luxury living with an exceptional waterfront lifestyle. Designed by Philippe Starck, ICON is a full-service luxury building offering resort-style amenities, including a bayfront infinity pool, beach service at the Savoy hotel, state-of-the-art fitness center, spa, sauna and steam rooms, 24-hour concierge, valet parking, and security. Residents also enjoy an exceptional on-site waterfront restaurant serving delicious Italian cuisine from one of the most panoramic dining settings in all of South of Fifth. Ideally located just steps from South Pointe Park, the marina, world-class dining, and the beach.
Features
- First Floor Entry
- Built-in Features
- Fire Sprinklers
- Walk-In Closet(s)
- None
- Bay
- Ocean View
- Other View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.