The Cove Residences Construction Begins in Edgewater
A new 40-story waterfront condominium tower with 134 units is starting construction in Edgewater with prices starting in the $900,000s.
New Waterfront Inventory
Construction has begun on The Cove Residences, a 40-story condominium tower located at 456 NE 29th Street in Edgewater. According to Florida YIMBY, the project is developed by SB Development and Hazelton Capital Group, with architecture and interior design provided by Kobi Karp Architecture & Interior Design and Dieguez Fridman Architects.
Pricing and Timeline
According to Florida YIMBY, the development is planned to have 134 condominium units with starting prices reported to begin in the $900,000s. The project is targeting completion in 2028.
Location and Financing
The building is described as sitting 25 feet from the seawall, according to Florida YIMBY. The project has secured $170 million in construction and land financing from Bravo Property Trust and IDB. The Eklund | Gomes team at Douglas Elliman Development is now leading sales and marketing for the project.
Local Market Context
For buyers comparing options in the area, current inventory in Edgewater shows a median asking price of $949,500 ($870/sq ft) based on Own Miami data from August 26, 2026. There are currently 326 active condo listings in the neighborhood.
Nearby buildings provide a range of price points. According to Own Miami data, The Cove Residences has 6 active listings starting from $795,000 with a median asking price of $1,067/sq ft. Icon Bay has 13 active listings from $635,000 at a median asking $708/sq ft, while The Crimson has the lowest starting price among these nearby options at $500,000 with 6 active listings and a median asking $634/sq ft.
Other nearby options include Platinum with 4 active listings from $529,000 at a median asking $507/sq ft, and Biscayne Beach with 20 active listings from $595,000 at a median asking $ 경로 898/sq ft. For those seeking luxury options, Villa Miami has 4 active listings starting from $5.75M with a median asking $2,214/sq ft.
Sources
- Florida YIMBY — https://floridayimby.com/2026/03/22/the-cove-residences-breaks-ground-at-456-ne-29th-street-in-edgewater-miami.html
Frequently asked questions
When will The Cove Residences be completed?+
The project is targeting completion in 2028.
How much do units at The Cove Residences cost?+
The 134 condominium units are reported to have starting prices in the $900,000s.
Where is The Cove Residences located?+
The 40-story condominium tower is located at 456 NE 29th Street and sits 25 feet from the seawall.
More Edgewater news
The Rider Residences Reaches Construction Milestone in Edgewater
The Rider Residences at 94 NE 29th Street is progressing toward a 2027 completion, bringing new inventory and retail space to the Edgewater neighborhood.
Settlement Clears Path for EDITION Residences in Edgewater
A legal settlement with the owners of Biscayne 21 allows Two Roads Development to proceed with the 55-story EDITION Residences project in Edgewater.
Edgewater condo market report — August 2026
17 closed sales, median $650/sq ft sold, 328 active listings in Edgewater during August 2026.
Edgewater's 2900 Terrace Reaches Structural Topping Out Early
The 32-story 2900 Terrace tower in Edgewater reached its structural topping out milestone nearly three months ahead of the project's baseline schedule.