About Icon Bay
Developed by Related Group · Designed by Arquitectonica
Icon Bay is a waterfront condominium at 460 NE 28th Street, developed by the Related Group and designed by Arquitectonica, with Plaza Construction as the general contractor. Completed in 2015, it holds about 300 residences, each with a private balcony; published height varies between 40 and 43 stories.
It sits on the bay in the middle of Edgewater, a short walk from Biscayne Boulevard’s restaurants and a short drive from Midtown and Wynwood. Ask for the association’s current budget and rental rules before you buy.
Building Fees & Assessments
MLS listings for Icon Bay have shown a median association fee around $1.41/sqft/month -- shown per square foot, not as a flat dollar figure, since that's comparable across unit sizes rather than skewed by whichever units happen to be listed right now. This is a point-in-time reference, not a live figure, and can change over time. Confirm the current fee for a specific unit before making an offer.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Rental Potential
See the live "Monthly rental from" figure above for Icon Bay's current lowest asking rent, and the market snapshot's closed-lease count and median rent for actual rental demand over the trailing 12 months -- both update automatically, unlike a number written here. Specific rental rules -- minimum lease term, rentals allowed per year, and whether short-term/Airbnb-style rentals are permitted -- are set by the condo association and vary by building. Verify current rental restrictions directly with the association before buying as an investment.
Frequently Asked Questions
Is Icon Bay pet-friendly?
Icon Bay does not generally allow pets. Verify current pet policy directly with the building association before purchasing.
Can I rent out my unit at Icon Bay?
Long-term rentals are generally permitted at Icon Bay, though minimum lease terms and any short-term rental restrictions vary by building. Verify the current rental policy directly with the association before purchasing as an investment.
Where is Icon Bay?
At 460 NE 28th Street in Edgewater, on Biscayne Bay between the Margaret Pace Park end of the neighborhood and Midtown.
Who developed Icon Bay?
The Related Group developed it and Arquitectonica designed it; Plaza Construction was the general contractor. It was completed in 2015.
How many residences does Icon Bay have?
Most sources give about 300 residences. Sources vary on height (40 to 43 stories), so confirm floor numbering on a specific unit.
Reviewed by Carlos Olivares, FL License #3051724. Last updated October 2026.
