Icon Bay Homes for Sale

Icon Bay is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $635,000 to $750,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Icon Bay and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Icon Bay and the Miami area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 12 Icon Bay Miami homes for sale as of October 2026. The median asking price is $857,000. Asking prices run from $572,000 to $2.17M.

That is 34% above the Miami median of $640,000. On a per-foot basis, homes here ask about $720 per square foot, compared with $508 across Miami. So the median price buys roughly 1,200 square feet of living area.

Listings here have averaged 94 days on the market. That is faster than the Miami average of 143 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Icon Bay date from 2015, so they are about 11 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Icon Bay includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Icon Bay has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

Rentals in Icon Bay have a median asking rent of $4,950 per month, across 15 active rental listings. For comparison, the Miami median is $3,000, so rents here run 65% higher.

For investors, those medians imply a gross yield near 6.9% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami rentals or ask us for a rent estimate on a specific Icon Bay home.

Here is what the median Icon Bay price means in Florida closing terms. At $857,000, a 20% down payment comes to about $171,000, leaving a loan near $686,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,400. Next, the intangible tax of 0.2% adds about $1,371. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $5,142 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Icon Bay listings show assignments to Eneida Massas Hartner (elementary), Jose De Diego (middle) and Booker T. Washington (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.