ICON BAY CONDO
Homes for Sale in Miami, FL

ICON BAY CONDO market snapshot (as of July 20, 2026): the median sale price is about $720K ($644 per sq ft over the trailing 12 months of closed sales), and a median 110 days on market for closed sales. The trailing-12-month median is down 32% from the prior 12 months, computed from record-level miami closed sales (19 closings in the current window).

Icon Bay is a Miami-Dade condominium market where recent price softness and slow turnover give buyers more negotiating room than the raw median price alone would suggest.

The 31.9% year-over-year decline is the single most important number in this snapshot. It does not necessarily mean every unit lost a third of its value — with only 19 closings feeding the data, a shift in which units sold (higher floor versus lower, renovated versus original) can swing the median substantially. Still, directionally, this is a market where list prices from a year or more ago are no longer the right anchor.

A median of 110 days on market reinforces that read. Units are not moving quickly, and a market heat score of 26 places this squarely in low-heat territory. For sellers, that argues for pricing to current comparables rather than aspirational ones. For buyers, it argues for patience and for using the extended timeline as leverage on price and terms.

In a low-volume, slow-moving market like this one, the comparable sales that exist matter more per transaction, and pricing mistakes are harder to walk back given a 110-day median exposure period. We track Icon Bay's closings individually rather than relying on broad neighborhood averages, so pricing and offer strategy reflect what is actually happening in this building right now, not a lagging citywide trend.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.