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Waterfront · Condominium
$550,000$653 / sqft
485 Brickell Ave # 2306, Miami FL 33131
Listed
1
Bedrooms
1
Bathrooms
842 sqft
Interior
2009
Year built
$1,927 / mo
HOA
Condominium
Type
About this home
Beautifully furnished 1BR/1BA residence in Icon Brickell Tower III (W Hotel/Viceroy), This property is fully approved for Airbnb and short-term rentals year-round, making it a top-tier income-producing asset in the heart of Brickell,located on the south side of the Miami River in the heart of Brickell. Enjoy stunning Miami River and city skyline views from this stylish unit featuring ceramic floors, Italian cabinetry, spacious walk-in closet, and in-unit washer and dryer. Short-term rentals and daily rentals are allowed, making this an exceptional investment opportunity with strong income potential. Residents enjoy world-class amenities including a bayfront infinity pool, state-of-the-art fitness center, full-service spa with sauna and steam rooms, concierge, valet parking, and Philippe Starck-designed common areas. Home to renowned restaurants including Cipriani and Cantina La Veinte. Walking distance to Brickell City Centre, Mary Brickell Village, top dining, shopping, nightlife, and the Metromover. Minutes from Downtown Miami, Miami Beach, Coconut Grove, and Miami International Airport. Currently leased through June 16, 2027, at $4,400/month, with the tenant operating short-term subleases in accordance with building regulations. Maintenance: Iconbrickell No.3: $23.90 + Senyar Miami Holdings: $1,492.06 + Master $410.96, Total $1,927 monthly.
Features
- Built-in Features
- Walk-In Closet(s)
- Open Balcony
- Bay
- Canal
- Water View
Leasing
- Minimum lease
- 1 day
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 Brickell, from 200 active listings; the middle half ask $3,000–$4,100.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.