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Waterfront · Condominium
$1,070,000$1,257 / sqft
450 Alton Rd # 2708, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
851 sqft
Interior
2005
Year built
$1,456 / mo
HOA
Condominium
Type
About this home
Experience elevated luxury living from the 27th floor of ICON South Beach, ideally located in the prestigious South of Fifth neighborhood. Residence 2708 is a beautifully furnished 1-bedroom home offering approximately 851 SF with spectacular panoramic views of Biscayne Bay, the Atlantic Ocean and the Miami Beach skyline. The residence features a sophisticated designer-inspired interior with Arabescato marble flooring, custom closets, Lutron lighting controls and motorized window treatments. Floor-to-ceiling windows fill the home with natural light and create an exceptional connection to the surrounding water and skyline. ICON South Beach is a landmark full-service luxury condominium offering 24-hour concierge and security, valet parking, resort-style pools, a heated bayfront lap pool, fitness center, spa, sauna and steam rooms. Its prime South of Fifth location places residents moments from South Pointe Park, the beach, Miami Beach Marina and Miami’s finest restaurants and entertainment. An excellent investment opportunity, Residence 2708 is currently leased at $6,300 per month for a one-year term commencing November 1, providing $75,600 in scheduled gross annual rental income. Fully furnished, upgraded and already leased, this turnkey property offers the opportunity to own a luxury Miami Beach asset with income in place while enjoying the enduring appeal of ICON South Beach
Features
- First Floor Entry
- Custom Mirrors
- Courtyard
- Bay
- Intracoastal View
- Ocean View
- Pool Area View
- Skyline
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 Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.