# 23 Biscayne Bay

As of 2026-10-30, 23 Biscayne Bay in Edgewater has 2 units for sale at a median asking price of $325K ($490/sqft); 1 units sold in the last 12 months.

A residential condominium building located in the heart of Edgewater with views of Biscayne Bay.

## Key facts

| | |
|---|---|
| Address | 601 NE 23rd St |
| Neighborhood | Edgewater |
| Year built | 2012 |
| Floors | 18 |
| Units | 96 |
| Waterfront | yes |
| Developer | Melo Group |
| For sale | 2 |
| Pending | 1 |
| Median asking price | $325,000 |
| Median asking $/sqft | $490/sqft |
| Sold, last 12 months | 1 |
| Median sold $/sqft, 12 months | $417/sqft |
| Months of inventory | 24.0 |
| Median HOA | $630/mo |
| Parking | The building offers a secured parking garage with some units featuring assigned spaces. |

## Own Miami measures

- **own.miami Building Score: 70 (A−)**
  - Value: 94 — $490/sqft — vs. Edgewater condos, then all of Miami
  - Momentum: 50 — Recent price trend
  - Liquidity: 22 — 24.0 months of supply · 106 days on market
  - Health: 97 — 2 verified records: Association collections activity
  - Waterfront: 90 — Waterfront building
  - Age: 65 — Built 2012 — vs. Edgewater buildings
- **Own Miami Condo Index: 76** (value; 100 = the market-median building, 200 = twice its $/sqft; rank 553 of 698 tracked Miami condos)
- **Financeability Index: 63** (good; 12-month window, 3 recorded mortgages, — of sales bank-financed, lowest down payment 20%, as of 2026-10-31)
- Special-assessment outlook: watch (next structural milestone inspection due 2037)

## Building health (verified public records)

- Public records checked 2026-10-29
- positive: Bank financing — 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. (2026-10-31)
- watch: Association collections activity — 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. (2026-07-07)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-09-18)

## Frequently asked questions

**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.

## Related pages

- [Edgewater — neighborhood guide](https://own.miami/edgewater)
- [All units for sale at 23 Biscayne Bay](https://own.miami/buildings/23-biscayne-bay/for-sale)
- [Opera Tower](https://own.miami/buildings/opera-tower)
- [Quantum on the Bay](https://own.miami/buildings/quantum-on-the-bay)
- [Blue on the Bay](https://own.miami/buildings/blue-on-the-bay)
- [1800 Club](https://own.miami/buildings/1800-club)

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Source: Own.Miami — https://own.miami · data as of 2026-10-30
Canonical page: https://own.miami/buildings/23-biscayne-bay
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai