Icon South Beach
450 Alton Road, Miami Beach, FL 33139
Icon South Beach is the highest-density investor-friendly trophy product on the island — 287 units, 7-day minimum rental, full Philippe Starck interiors, bayfront with sunset views.
It is the de-facto entry point for buyers who want South of Fifth address and amenities at meaningfully lower price-per-square-foot than Continuum or Apogee, and who plan to rent.
Building Snapshot
| Year Built | 2005 |
| Units | 287 |
| Price / sqft | Approx. $850 – $1,300 / sqft |
| HOA Range | Approx. $0.90 – $1.20 / sqft / month |
| Rental Rules | Minimum 7-day rentals permitted |
| Financing | Non-warrantable for most lenders; some portfolio options |
| FHA Approved | No |
What Buyers Need to Know
- 7-day minimum rental is the structural differentiator. Buyers underwriting income should model carefully — the building is professionally serviced and many owners rent regularly.
- Bayfront, not oceanfront. View orientation matters more than in beach-facing buildings; west-facing units capture the sunset and command a premium.
- Pricing per square foot is roughly half of Continuum / Apogee for comparable size. The trade-off is density and view exposure, not address.
- Non-warrantable status applies to most lenders; a handful of portfolio products work at 25–35% down. Plan financing before writing.
Frequently Asked Questions
Can I rent my Icon unit short-term?
Yes, with a 7-day minimum lease. This is unusually permissive for Miami Beach and is a primary reason investors target the building.
Is Icon on the ocean?
No, Icon is bayfront on Biscayne Bay, with west-facing sunset views. The beach is a short walk east through the South of Fifth neighborhood.
Why is Icon cheaper than Continuum?
Higher density (287 units vs Continuum's 318 across two towers on a much larger parcel), bayfront rather than oceanfront, and a different buyer profile that includes more investors. Price per square foot is typically 40–60% lower.
Can I get a mortgage at Icon?
Conventional financing is generally unavailable due to non-warrantable status. Portfolio lenders will consider the building at higher down-payment thresholds — typically 25–35%.
Building data current as of May 2026. HOA fees, rental rules, and financing eligibility change — verify directly before making any offer.