# Blue on the Bay

As of 2026-10-31, Blue on the Bay in Edgewater has 18 units for sale at a median asking price of $540K ($592/sqft); 10 units sold in the last 12 months.

Blue on the Bay is a 35-floor, 328-residence waterfront condominium at 601 NE 36th St in Edgewater, Miami, built in 2005 and developed by Hyperion Development.

## Key facts

| | |
|---|---|
| Address | 601 NE 36th St |
| Neighborhood | Edgewater |
| Year built | 2005 |
| Floors | 35 |
| Units | 328 |
| Waterfront | yes |
| Developer | Hyperion Development |
| For sale | 18 |
| Pending | 3 |
| Median asking price | $539,995 |
| Median asking $/sqft | $592/sqft |
| Sold, last 12 months | 10 |
| Median sold $/sqft, 12 months | $536/sqft |
| Months of inventory | 21.6 |
| Median HOA | $1,645/mo |
| Parking | The building offers a combination of assigned and valet parking, with some units including one assigned and one valet space. |

## Own Miami measures

- **own.miami Building Score: 64 (B+)**
  - Value: 62 — $595/sqft — vs. Edgewater condos, then all of Miami
  - Momentum: 66 — +5.6% $/sqft over 6 months
  - Liquidity: 43 — 21.6 months of supply · 37 days on market
  - Health: 78 — Verified records on file — nothing adverse
  - Waterfront: 90 — Waterfront building
  - Age: 42 — Built 2005 — vs. Edgewater buildings
- **Own Miami Condo Index: 84** (value; 100 = the market-median building, 200 = twice its $/sqft; rank 487 of 698 tracked Miami condos)
- **Financeability Index: 82** (strong; 12-month window, 12 recorded mortgages, 64% of sales bank-financed, lowest down payment 10%, as of 2026-10-31)
- Special-assessment outlook: watch (next structural milestone inspection due 2030)

## Building health (verified public records)

- Public records checked 2026-10-27
- positive: Bank financing — Regulated lenders recorded 12 purchase or refinance loans on this building in the last 12 months, financing 64% of its recorded sales, and accepted a down payment as low as 10%. 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 82/100. (2026-10-31)
- positive: No special assessment — noted on 3 listings (2026-08-01)
- 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 Blue on the Bay cost?**

There are 18 condos for sale at Blue on the Bay, from $479,900, with a median asking price of $539,995 ($592/sqft).

**How much are the HOA fees at Blue on the Bay?**

HOA / maintenance fees at Blue on the Bay run around $1,645 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 Blue on the Bay a waterfront building?**

Yes — Blue on the Bay is a waterfront building (Edgewater).

**When was Blue on the Bay built?**

Blue on the Bay was built in 2005, 35 stories, 328 residences.

**Who developed Blue on the Bay?**

Blue on the Bay was developed by Hyperion Development.

## Related pages

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

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Source: Own.Miami — https://own.miami · data as of 2026-10-31
Canonical page: https://own.miami/buildings/blue-on-the-bay
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
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