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Waterfront · Condominium
$1,160,000$795 / sqft
485 Brickell Ave # 3208, Miami FL 33131
Listed
2
Bedrooms
2
Bathrooms
1,459 sqft
Interior
2009
Year built
$1,830 / mo
HOA
Condominium
Type
About this home
In the heart of Brickell’s waterfront district, steps from Brickell City Centre and Mary Brickell Village. ICON Brickell Tower 3 is a Philippe Starck-designed, full-service condo-hotel on the Biscayne Bay/Miami River with resort-style amenities including a 300-ft pool, spa & 28,000 SF fitness center. Ideal as a primary residence, second home, or flexible income property with short-term rental options. Residence 3208 is a bright corner home with floor-to-ceiling glass framing Biscayne Bay and skyline views, plus a private balcony. Open living and dining flow to the view. Modern kitchen features warm wood cabinetry, sleek black countertops, panel-ready refrigerator, and built-in microwave/oven. Spacious bedroom with bay views. Spa-style bath with double vessel sinks, soaking tub, and glass-enclosed shower.
Features
- First Floor Entry
- Built-in Features
- Walk-In Closet(s)
- Family Room
- Open Balcony
- Bay
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
- Ok To Lease
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 2-bed rentals in Brickell, from 200 active listings; the middle half ask $4,000–$6,200.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.