Own Edgewater

New Wave

725 NE 22nd St · Built 2006 · 20 floors · 76 residences

7 for sale
For sale
7
0 pending · 10.5 mo supply
Median asking
$649K
from $538K
Median $/sqft
$705/sqft
$647/sqft sold, 12 mo
Days on market
43
56 to sell · 8 in 12 mo
New Wave
Listing photo · courtesy of MDS Real Estate Services, LLC · MLS #A12087389

Located in the heart of Edgewater, New Wave is a boutique waterfront condominium designed by renowned architect Kobi Karp. The building offers direct, unobstructed views of Biscayne Bay and the surrounding skyline. Its central location provides easy access to nearby areas including Wynwood, the Design District, Brickell, and Miami Beach.

The building features a variety of resort-style amenities, including a waterfront lap pool, a fitness center with cardio and strength-training equipment, a meditation garden, and a resident lounge with water views. Additional common features include a sunset terrace, a barbecue area, and a sauna. The property provides 24-hour concierge service and 24-hour security.

Situated near Margaret Pace Park, the building offers a waterfront lifestyle with a variety of nearby dining and shopping options. The property includes amenities such as a sunset terrace and electronic charging stations for electric vehicles.

Live near more of Miami

What surrounds New Wave: 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 New Wave from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value46
$705/sqft — vs. Miami condos
Momentum59
+3.1% $/sqft over 6 months
Liquidity65
10.5 months of supply · 43 days on market
Health100
Verified records on file — nothing adverse
Waterfront90
Waterfront building
Age52
Built 2006
own.miami Condo Index
99100 = the median Miami condo, by price and liquidity.
Rank
#302 of 597 tracked Miami condos
Top 51% by price & liquidity
#12 of 33 in Edgewater
Momentum
↑ Rising
$705/sqft median ask
Liquidity
Warm
See the full Condo Index →
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Inventory

Sold $/sqft trend

3-month rolling median of closed sales in New Wave; bars are closings per month.

$458$760$1061Sep 2023Sep 2024Aug 2025Mar 2026Jul 2026

Location

Nearby buildings within half a mile.

Building facts

Address
725 NE 22nd St
Year built
2006
Floors
20
Residences
76
Waterfront
Yes

Amenities

  • · Pool
  • · Fitness center
  • · Concierge
  • · Security
  • · Valet
  • · Meditation garden
  • · Resident lounge
  • · Sauna
  • · Sunset terrace
  • · Bbq area
  • · Electric car charging

Building rules

Parking
The building offers covered parking, including assigned and valet options, with some units including one or two covered spaces.

Special assessments & recertification outlook

Watch

Verified records

  • InfoSpecial assessment reported as paid — noted on 1 listingsSep 11, 2026

    Source: MLS listing remarks

  • Listings note no special assessment currently
  • Built 2006 — its first 25-year structural milestone inspection is due around 2031

Estimated from New Wave’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.

Frequently asked

How much do condos at New Wave cost?+

There are 7 condos for sale at New Wave, from $538,000, with a median asking price of $649,000 ($705/sqft).

Is New Wave a good time to buy?+

New Wave currently has about 10.5 months of supply — a balanced pace.

How much are the HOA fees at New Wave?+

HOA / maintenance fees at New Wave run around $1,274 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 New Wave a waterfront building?+

Yes — New Wave is a waterfront building (Edgewater).

When was New Wave built?+

New Wave was built in 2006, 20 stories, 76 residences.

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