Considered to be one of the best residential buildings in the city, the ICON Miami Beach condo has drawn oodles of praise and some big names like world famous French designer Philippe Starck.  After reading about all of its amenities and location, you may be tempted to explore what the living options are but it’s important to approach a condo purchase as you would any kind of standard home purchase.

For one, buying at the ICON South Beach condo would be the same as if you were going to buy a house, meaning you must be willing to live in the place for some time if you want to build equity and recoup whatever you spent on closing costs.

Amenities are a major selling point of condominiums, the ICON condo included.  If you’re not interested in swimming pools, fitness centers and other perks you’ll still have to pay for it as part of your association fees whether or not you make use of them.  On the other hand if you want tons of different features, a condo like ICON surpasses a house completely as most of these items would cost tons of money separately.

It’s also a good idea to take a look at the minutes of any condo association meeting.  These are very good at detailing what items are of the biggest concern to residents and what problems exist, if any.  And lastly, make sure that you know what you can and cannot do, not every Miami Beach condo like ICON allows domesticated cats and dogs.