ICON South Beach, Miami Beach, Florida 33139
November 29th, 2008

Now that ICON Brickell is closing and has all the buzzzzzzzzzzz, I thought I would revisit ICON South Beach and see how it’s going after four years.

Currently, there are forty-seven (47) condos for sale ranging in price from $450,000 to $15,900,000. That’s a little more than sixteen (16) percent of the total units. They range in price per sq ft from $500.00 to $1,500.00 and there is one bank-owned property there.

Unit 1804 is a 1,526 sq ft “G” Model facing Northeast and is being offered at $553.00 per sq ft for a total asking price of $849,900.

There are several other properties offered as short sales… to see what will really happen with these please read this article on Miami Beach Short Sales

When you compare the available inventory (47 units) to the last years sales data (33 units), you can see that there is approximately a one and a half year of supply. While this may appear high, compared to rest of Miami-Dade county it is quite low.

With so many good opportunities in this buyers market, the advice of a business person real estate consultant can make all the difference in getting the best deal. To contact us, just dial the Miami Condo Lifestyle team at 800-433-5960.

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