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Waterfront · Condominium
$2,750,000$1,070 / sqft
460 NE 28th St # 4104, Miami FL 33137
Listed
5
Bedrooms
5
Bathrooms
2,569 sqft
Interior
2015
Year built
$3,695 / mo
HOA
Condominium
Type
About this home
Rarely available southeast corner Penthouse at Icon Bay offering breathtaking south and east views of Biscayne Bay and the Miami skyline. This fully upgraded 5-bedroom, 5-bathroom residence spans 2,569 SF and features soaring ceilings, floor-to-ceiling glass, and a private elevator foyer. Unlike standard building finishes, the home has been extensively customized with top-of-the-line materials and designer upgrades throughout. Features include expansive living and dining areas, gourmet chef’s kitchen with premium appliances, dedicated office, TV/media room, and luxurious primary suite with spa-inspired bathroom and custom closets. Includes two premium side-by-side parking spaces ideally located next to the elevator on the garage exit level. Residents enjoy resort-style amenities including tennis courts, bayfront pool, state-of-the-art gym, valet, spa, lounge areas, and 24-hour security. Located next to Villa Miami, where residences are currently selling for approximately $1,800–$2,200 per square foot. A truly exceptional penthouse rental opportunity in the heart of Edgewater.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Entrance Foyer
- Walk-In Closet(s)
- Bay
- Ocean View
Leasing
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 5-bed rentals across Miami-Dade, from 27 active listings; the middle half ask $24,500–$49,900.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.