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ICON Brickell

Address:  495 Brickell Avenue
Area:  Downtown Miami
Completion Date:  Summer 2008
Price Range:  $2,400-$9,500,000
Status:   Re-Sales/Pre-Construction
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Building Description

The distinctly contemporary ICON Brickell building is one of three structures sharing a similar name and a pedigree that is debatably the best in all of South Florida.  Its superior location in downtown Miami and ideal proximity to the best of what Miami and its neighboring cities have to offer and its own unmatched amenities and features have made it possibly the most fervently anticipated new building in downtown Miami in ages.

Designed not only to evoke Miami’s distinct atmosphere but also a strong feeling of sumptuous comfort, ICON Brickell takes standard amenities and features like swimming pools and club rooms one step further by taking a figurative “bigger is better" approach.  To illustrate, consider the swimming pool stretching an amazing 200 feet.   Not only will it be one of the largest of any condominium, it will be the largest in the entire city of Miami.   Celebrated French designer Philippe Starck makes his style prevalent in the 30,000 square foot club room.  You’ll also find a billiard room, aerobic facility, a sun deck movie theater, separate lounges for men and women, and relaxing sauna and eucalyptus rooms.

Units at ICON Brickell will be available with the choice of one to three bedrooms and come with the choice of four finishing Philippe Starck themes.  Additionally, a variety of residences ranging from sky lofts to bayfront town homes to general units allows potential residents plenty of options to choose from.  Kitchens and bathrooms again feature a Philippe Starck design and come with European cabinetry, marble flooring, French limestone countertops and comfortable bathtubs.

Art enthusiasts residing at ICON Brickell can rest assured knowing there’s plenty of art to check out in downtown Miami at the Miami Art Museum and the Wolfson galleries at Miami-Dade College.  Additional art exhibits are available by driving to the Museum of Contemporary Art or the Erotic Art Museum in Miami Beach.  For musical and performing events, there’s the American Airlines Arena and the Carnival Performing Arts Center.  Throughout the area you can also dine in fine restaurants like Bongos Cuban Café or the many multicultural dining establishments throughout that represent Miami’s own eclectic cultural diversity.

Building Amenities

  • A 40,000 sq. foot club room by world-renowned French designer Philippe Starck
  • 24-hour valet
  • 300 foot swimming pool
  • 24-hour security
  • Sun deck movie theater
  • 24-hour concierge
  • Aerobics studio
  • Saunas
  • Eucalyptus steam rooms
  • Individual lounges for both men and women

Residence Features

  • 12 choices of residence styles
  • One to three bedrooms
  • Four unique residential interior design themes
  • Philippe Starck designed kitchens and bathrooms
  • French limestone countertops
  • European designer kitchen cabinetry
  • Marble bathroom flooring

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Real Estate News
Updated: Monday, August 20, 2018

Boomers Still Drive Canadas Housing Market

Canadas baby boom generation isnt ready to stop buying and selling real estate, new data shows. In addition to purchasing their own primary and recreational homes, boomers are also helping millennials get into the market.

"Dont count them out yet -- baby boomers will impact Canadas housing market in a big way in the coming years, as another 1.4 million of this large demographic are expected to sell and buy real estate between now and 2023," says Phil Soper, president and CEO of Royal LePage. A survey by the company found that of those planning to buy a home within the next five years, 45 per cent will purchase a detached home, 32 per cent will most likely purchase a condo and 10 per cent are looking for a semi-detached home.

"Baby boomers affect the Canadian real estate market on multiple levels," says Brad Henderson, CEO of Sothebys Realty International of Canada. "As direct consumers who drive housing demand and product mix, as arbiters of market confidence and as indirect influencers through their financial support of the next generation of homebuyers."

A recent Re/Max study found that 91 per cent of popular Canadian recreational markets are being driven by retirees. "Combined with the fact that Canadas senior population is the largest it has ever been, and many of these retirees are using recreational properties as retirement properties, pricing has increased across the majority of markets," says Christopher Alexander, EVP and regional director at Re/Max Integra.

This is making it tougher for younger buyers. Re/Max says brokers in B.C. expect the market to shift from retirees to younger buyers within the next two to five years, while in Ontario the two age groups are competing for recreational properties.

Recently Point2 Homes conducted a study that found most millennials greatly underestimate the amount of money they will need for a down payment on a home. The national average down payment is about 25,000 but 30 per cent of millennials say they have less than 10,000 in savings and 10 per cent said they have no savings at all.

The survey says 66 per cent of millennials interested in buying a home want to do so within the next year, but 35 per cent say they are saving less than 10 per cent of their income each month and 30 per cent of respondents say they only save between 10 and 20 per cent.

The report concludes that even if they can save 20 per cent of their income each month, millennials starting from scratch would need between 14 and 35 years to save enough for a down payment in the countrys seven most expensive markets, including five Metro Vancouver communities and Oakville and Richmond Hill in Ontario.

It would take about 4.6 years to save enough in Toronto. But on the bright side, there are 40 Canadian cities where millennials could save for a down payment in less than a year, led by Timmins, Ont. Other cities in this group include Quebec City, Edmonton, Halifax, Gatineau, Que., Regina and Saskatoon, Sask.

However, the Point2 report says the majority of millennials do not yet meet the minimum requirements to qualify for a down payment on a home. Thats where their boomer >A Sothebys report from data gathered last year says one-third of boomers in Canadas four major metropolitan centres plan to, or have already, given a living inheritance to help >Calgary boomers are apparently the most generous, with 41 per cent of boomers planning to help >The median amount gifted for real estate is between 25,000 and 50,000. The median age of those receiving the gift is 30 to 34. Forty-four per cent of those receiving the gifts would not have been able to make their home purchase without the help, and one-third of givers say that without the gift, the beneficiary would not have been able to secure a conventional mortgage.

Royal LePages 2017 research "into the largest group of first-time home buyers in Canada, which we call the peak millennials, showed many were roosting in the family nest well beyond the traditional age of exit," says Soper. He says the new boomer survey confirmed that boomers are allowing their children to stay at home well into adulthood, but "they wont stay forever, and when they go, the folks are going to go condo shopping."

Royal LePage says that the boomers who are buying homes for themselves are interested in smaller cities and recreational areas. "This large segment of our population views our big cities as generally unaffordable for retirement purposes," says Soper.

The survey found that 77 per cent of boomer homeowners have paid off more than 50 per cent of their mortgage and 61 per cent have paid off more than 90 per cent.

"This is a generation that deeply values home ownership and very much wants their children to have the same opportunity," says Soper.
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Code Of Ethics: Its Not The Boy Scout Oath

Some years ago, I participated in a meeting of NAR National Association of REALTORSreg; directors from our state. To put it mildly, we -- a sizeable group -- were being admonished with respect to what had become a common problem. That is, too many directors were guilty of leaving meetings early, having made travel arrangements that were a convenient and b predictably incompatible with the likely time for adjournment. One of the directors there scolded the guilty ones because they, as REALTORSreg;, were supposedly committed to a Code of Ethics and, su>In previous writings we have tried to show that the Realtorreg; Code of Ethics is not simply an arbitrary set of rules, disconnected from everyday morals and ethics, meant to govern the behavior of REALTORSreg; as they pursue their profession. Rather, the Code, so to speak, grows out of our everyday ethical codes. It gives application of general ethical imperatives to the out-of-the-ordinary and specific situations found in the transaction of real estate business.

In that respect, the Realtorreg; Code is similar to other professional codes that are designed to give guidance to those who find themselves in ethically-charged situations not experienced in everyday life.

The Realtorreg; Code, like other professional codes, is intended to supplement general ethical principles, not to supplant them. It is not the Boy Scout Oath. It does not, like that oath, require that its adherents be "morally straight." Confounding as it may be, its conceivable that a person could be a Code-compliant, professionally-ethical Realtorreg;, while all the while being a bit of a scound>Some years ago, a California Realtorreg; was found by a Hearing Panel to have violated Article 1 of the Code of Ethics. A buyers agent, he stole a bottle of wine from a listing. The act was recorded by a security camera. When contacted, the agent acknowledged his guilt and returned the bottle of wine. An Ethics Hearing found that the agents act violated the Article 1 duty to treat all parties to the transaction honestly.

My reaction to this true story is that, to be sure, he did something both morally and legally wrong, but doing something wrong is not in and of itself a violation of the Code of Ethics. Moreover, I did not think that the act of stealing from someone is not, by itself, an act of dishonesty. Certainly, dishonesty may be involved in some thefts. Hence, I think that this is an example of trying to make the Code do too much. And I think we should avoid that.

My dear friend and colleague, Duane Gomer, disagrees with me. He thinks it was a case of dishonesty, and that the Hearing Panel got it right. Now, Duane is a real estate educator and something of a guru. I always pay attention to what he says; but I cant agree with him on this one. What say you?
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Retirement Housing: Fixing Big Problems with Tiny Solutions

You go out and start searching for a home to last you through your golden years. Unfortunately, finding a place is much tougher than you expected. You look all over town only to discover that all the senior living options are either depressing or prohibitively expensive or both.

You agonize over the Sophiersquo;s choice of paying for housing or preserving your lifersquo;s savings for your family. When you finally move into your new senior living center, yoursquo;re treated like a child. You have to live under their rules. No pets. No alcohol. No overnight guests. No sweets. They decide when you wake up and go to sleep. In the final years of your life, yoursquo;ve lost your autonomy.

With such miserable alternatives, aging in place is surging in popularity. Perhaps for lack of other reasonable options, many seniors try to remain in their own homes as long as possible. Eleven million elderly Americans now live alone and those aging in place can suffer from social isolation. Lonely seniors are at increased risk for depression, dementia, and death. Since families are scattered far away, children worry whether grandma is lonely. Is she safe? Who will look after her if she falls ill?

Fortunately, hope is on the horizon: affordable tiny houses. Instead of a bleak retirement home or assisted living facility, now imagine living in your own, customized tiny house. Everything is ADA-compliant and designed for you. Doorways accommodate your walker, cabinets are a snap to open, and everything is within reach.

The commode, kitchen, and shower are fully accessible. Upper-level storage is automated and springs to life at the touch of a button. Pets, chocolate cookies, and overnight guests are allowed. It is your home, after all

You make the rules and preserve your dignity. Herersquo;s how it works. Geriatric specialists partner with builders to create a fleet of tiny homes tailored for seniors. They are designed from the ground up for folks with physical limitations. Then, each buyer is individually evaluated and the unit is further customized to his or her particular needs.

Finally, the houses are outfitted with easy to use sensors and voice assistants capable of calling family, monitoring the home, and contacting emergency services. Once the home is built, it can be transported to wherever yoursquo;d like to live. For instance, these homes can be installed in the yards of family members as a detached in-law unit.

Grandparents can live near grandkids, which is perfect for childcare or tea. Yet, everyone has their space and privacy. Alternatively, homes can be arranged as a senior living community complete with friends and activity centers. Senior loneliness can be a thing of the past Itrsquo;s time to think about customized and affordable tiny homes for our loved ones struggling with housing in their golden years.


Gregory Charlop is a technology pioneer, author, childrenrsquo;s physician, and social entrepreneur. He brings real estate and technology experts together to solve societys toughest problems. Greg is particularly focused on improving senior housing and is currently writing a book about technology and the future of the real estate industry.

Greg is the host of The Real Estate Flash, a free daily news and opinion flash briefing available on Amazon Alexa devices. Enable the Flash on your Alexa and check out the show

Greg is also CEO of Visionary Remodels. He is developing a real estate app that uses augmented reality to help real estate agents prepare homes for sale. You can check out Visionary Remodels anytime.

Greg is also a speaker at real estate and technology meetings. You can contact Greg on his LinkedIn page.

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