Own Edgewater

23 Biscayne Bay

601 NE 23rd St · Built 2012 · 18 floors · 96 residences

2 for sale
For sale
2
1 pending · 24.0 mo supply
Median asking
$325K
from $320K
Median $/sqft
$490/sqft
$417/sqft sold, 12 mo
Days on market
106
18 to sell · 1 in 12 mo

0 of 2 are priced $450K+ and browsable on own.miami; the stats above cover every unit for sale.

23 Biscayne Bay
Listing photo · courtesy of Luxe Properties · MLS #A12058680

Located in the heart of Edgewater, this building offers residents a location just steps from the bayfront boardwalk and nearby neighborhoods including Wynwood, Midtown, and the Design District. The property provides a variety of views, including views of Biscayne Bay and the Miami beach skyline.

The building features a range of shared amenities including a resort-style pool, a state-of-the-art fitness center, and a social room. Security features include 24-hour security with controlled access and an attended lobby. Additional building features include bicycle storage and a secured parking garage.

Live near more of Miami

What surrounds 23 Biscayne Bay: seasonal events, annual programs and lifestyle indexes, measured from the building.

Distances are straight-line, not walking or driving.

Getting around

Edgewater is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Margaret Pace ParkBiscayne BayThe UnderlineAdrienne Arsht CenterMetromover
70
/ 100
A−
own.miami Score

A data-grounded score for 23 Biscayne Bay from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value94
$490/sqft — vs. Edgewater condos, then all of Miami
Momentum50
Recent price trend
Liquidity22
24.0 months of supply · 106 days on market
Health97
2 verified records: Association collections activity
Waterfront90
Waterfront building
Age65
Built 2012 — vs. Edgewater buildings
own.miami Condo Index
76Value100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#553 of 698 tracked Miami condos
Top 79% by price per sq ft
#27 of 36 in Edgewater
Momentum
→ Steady
$490/sqft median ask
Liquidity
Slow
See the full Condo Index →
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Inventory

Sold $/sqft trend

3-month rolling median of closed sales in 23 Biscayne Bay; bars are closings per month.

$370$510$650Sep 2023Apr 2024Dec 2024Aug 2025Jun 2026

Location

Nearby buildings within half a mile.

Building facts

Address
601 NE 23rd St
Year built
2012
Floors
18
Residences
96
Developer
Melo Group
Waterfront
Yes
Developed by
Melo Group
71
A− · Developer Score
  • Ranks #3 of 5 scored Melo Group buildings
  • Asking $490/sqft here vs $592/sqft across the developer's portfolio
  • 69% of the developer's portfolio has no adverse verified record
  • All 5 buildings by this developer

Amenities

  • · Pool
  • · Fitness center
  • · 24-hour security
  • · Social room
  • · Bicycle storage

Building rules

Parking
The building offers a secured parking garage with some units featuring assigned spaces.

Special assessments & recertification outlook

Watch

Public records checked Oct 29, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).

Verified records

  • PositiveBank financingOct 31, 2026

    Regulated lenders recorded 1 purchase or refinance loans on this building in the last 12 months, and accepted a down payment as low as 20%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 63/100.

    Source: Miami-Dade Clerk official records

  • WatchAssociation collections activityJul 7, 2026

    3 claims of lien and 0 lien foreclosures filed by the association against owners behind on dues — about 3.1% of 96 units, from the Miami-Dade Clerk's official records. A few is normal churn; a large share of units strains the budget and can affect lender approval.

    Source: Miami-Dade Clerk official records

  • Verified: a notable share of units are in association collections (unpaid dues)
  • Built 2012 — its first 25-year structural milestone inspection is due around 2037

Estimated from 23 Biscayne Bay’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Financeability

What the banks say about 23 Biscayne Bay: recorded purchase mortgages, the down payments they accepted, and the programmes in use.

63Financeable

Regulated lenders are writing purchase loans here at ordinary down payments — their due diligence on reserves, insurance and litigation, verified by the public record.

Mortgages recorded, 12 months
3
1 from banks and credit unions · purchases and refinances
Sales bank-financed
—
2 recorded sales, 12 months · Resales only
Average down payment
31.7%
Lowest down payment accepted
20%
Loan programmes, 24 months:Conventional 1Private lenders 2

Medium confidence · As of 2026-10-31

Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Edgewater

Flooding and storm surge

Public flood data at this building’s location, read Oct 22, 2026.

FEMA flood zone
Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.
Base flood elevation on the map: 10.0 ft (NGVD29).
Hurricane evacuation zone
Zone C
Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
Ground at the building
3.3 ft
Lowest nearby street
2.7 ft
Highest predicted tide, 2026
1.0 ft

Elevations in feet above the NAVD88 datum.

The lowest street next to this building sits 1.7 ft above this year’s highest predicted tide (Oct 27, 2026).

Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.

How we measure thisCompare neighborhoods

Frequently asked

How much do condos at 23 Biscayne Bay cost?+

There are 2 condos for sale at 23 Biscayne Bay, from $320,000, with a median asking price of $325,000 ($490/sqft).

How much are the HOA fees at 23 Biscayne Bay?+

HOA / maintenance fees at 23 Biscayne Bay run around $630 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

Is 23 Biscayne Bay a waterfront building?+

Yes — 23 Biscayne Bay is a waterfront building (Edgewater).

When was 23 Biscayne Bay built?+

23 Biscayne Bay was built in 2012, 18 stories, 96 residences.

Who developed 23 Biscayne Bay?+

23 Biscayne Bay was developed by Melo Group. Melo Group's own.miami Developer Score is A− across 5 buildings.

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