$540,000list price
Per sq ft$874
1 bd · 1.5 ba · 618 sq ft Condo or villa
501 NE 31ST ST #2705, MIAMI, FL 33137
Listing courtesy of CasaMagna Realty LLC. MLS# A11967567.On the MLS · Listed Feb 16
$538,000
725 NE 22ND ST #8E, MIAMI, FL 33137
1 bed1 bath850 sq ftCondo or villaBuilt 2006
Updated today, November 3, 2026This home against Edgewater
$633 per sq ft, 11% under the Edgewater median
55 days on the market
$2,571 in property taxes (2025)
Waterfront
1 car garage
Edgewater today: 425 homes for sale, median list price $744,000.
About this home
Waterfront living in the heart of Edgewater! This beautifully maintained 1BR/1BA residence at New Wave offers 850 SF of interior living space plus an oversized private terrace finished with Jerusalem stone and overlooking Biscayne Bay. Floor-to-ceiling impact glass fills the residence with natural light, while real wood floors add warmth and character throughout. Spacious living and dining areas, open kitchen, in-unit washer/dryer and ample storage. New Wave is a boutique bayfront condominium offering a waterfront pool, fitness center, resident lounge, 24-hour security, valet and covered parking. An important advantage in today's condo market: the building is financially sound with low HOA fees, its required SIRS and reserve studies have been completed, and current assessments have been paid—providing buyers greater confidence regarding the building's financial preparedness. Ideally located across from Margaret Pace Park and minutes from Wynwood, Design District, Downtown, Brickell and Miami Beach.
Zoned schools
Elementary: Paul L. Dunbar K-8 Center
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Margaret Pace Park, 0.4 mi
Grocery: Whole Foods Market, 0.3 mi
Distances from the center of Edgewater, MIAMI.
Listing courtesy of MDS Real Estate Services, LLC. MLS# A12087389.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed September 9, 2026.
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