# Canvas

As of 2026-11-01, Canvas in Edgewater has 16 units for sale at a median asking price of $482K ($555/sqft); 24 units sold in the last 12 months.

Canvas is a luxury condominium in Miami's Arts & Entertainment District offering resort-style amenities and expansive city and bay views.

## Key facts

| | |
|---|---|
| Address | 1600 NE 1st Ave |
| Neighborhood | Omni, Edgewater |
| Year built | 2017 |
| Floors | 38 |
| Units | 513 |
| Waterfront | no |
| Developer | NR Investments |
| Architect | Cohen Freedman Encinosa (CFE Architects) |
| For sale | 16 |
| Pending | 3 |
| Median asking price | $481,500 |
| Median asking $/sqft | $555/sqft |
| Sold, last 12 months | 24 |
| Median sold $/sqft, 12 months | $524/sqft |
| Months of inventory | 8.0 |
| Median HOA | $888/mo |
| Parking | The building offers self-parking and valet parking. Some units include assigned parking, while others are first-come, first-served. |

## Own Miami measures

- **own.miami Building Score: 73 (A−)**
  - Value: 91 — $551/sqft — vs. Edgewater condos, then all of Miami
  - Momentum: 36 — -3.7% $/sqft over 6 months
  - Liquidity: 68 — 8.9 months of supply · 36 days on market
  - Health: 92 — Verified records on file — nothing adverse
  - Waterfront: 55 — Not waterfront
  - Age: 76 — Built 2017 — vs. Edgewater buildings
- **Own Miami Condo Index: 81** (value; 100 = the market-median building, 200 = twice its $/sqft; rank 513 of 698 tracked Miami condos)
- **Financeability Index: 90** (strong; 12-month window, 24 recorded mortgages, 71% of sales bank-financed, lowest down payment 3%, as of 2026-10-31)
- Special-assessment outlook: clear (next structural milestone inspection due 2042)

## Building health (verified public records)

- Public records checked 2026-10-27
- positive: Bank financing — Regulated lenders recorded 24 purchase or refinance loans on this building in the last 12 months, financing 71% of its recorded sales, and accepted a down payment as low as 3%. 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 90/100. (2026-10-31)
- positive: No special assessment — noted on 1 listings (2026-09-18)
- Legal & regulatory: 2 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-10-02)

## Frequently asked questions

**How much do condos at Canvas cost?**

There are 16 condos for sale at Canvas, from $370,000, with a median asking price of $481,500 ($555/sqft).

**How much are the HOA fees at Canvas?**

HOA / maintenance fees at Canvas run around $888 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.

**When was Canvas built?**

Canvas was built in 2017, 38 stories, 513 residences.

**Who developed Canvas?**

Canvas was developed by NR Investments and designed by Cohen Freedman Encinosa (CFE Architects).

## Related pages

- [Edgewater — neighborhood guide](https://own.miami/edgewater)
- [All units for sale at Canvas](https://own.miami/buildings/canvas/for-sale)
- [Opera Tower](https://own.miami/buildings/opera-tower)
- [Paraiso Bayviews](https://own.miami/buildings/paraiso-bayviews)
- [Quantum on the Bay](https://own.miami/buildings/quantum-on-the-bay)
- [1800 Club](https://own.miami/buildings/1800-club)

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Source: Own.Miami — https://own.miami · data as of 2026-11-01
Canonical page: https://own.miami/buildings/canvas
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