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725 NE 22nd St #14E
Miami, FL 33137
Listing courtesy of Serrano & Associates Real Estate, LLC. Contact: [email protected].
Own a view that can never be replicated at this price point. This exceptional 1-bedroom residence at New Wave Condominium offers breathtaking, direct, unobstructed views of Biscayne Bay that today command multi-million-dollar premiums in neighboring Edgewater towers. Designed by acclaimed architect Kobi Karp, this residence features high ceilings, beautiful wood floors, custom-built closets, electric shades, and an oversized private terrace that feels more like an outdoor living room overlooking the bay. Located in the heart of Edgewater, one of Miami’s most desirable waterfront neighborhoods, New Wave offers resort-style amenities including a waterfront lap pool, fitness center with cardio and strength-training equipment, meditation garden, resident lounge with water views, 24-hour concierge, 24-hour security, secured entry, valet parking, and one covered parking space included with the unit. Enjoy an unbeatable location directly across from Margaret Pace Park with tennis, basketball, and volleyball courts, while being just minutes from the Miami Design District, Wynwood, Downtown Miami, Brickell, and Miami Beach. A rare opportunity to own a true waterfront retreat with forever views in one of Miami’s most vibrant locations.
- Principal and interest
- $2,654
- Property tax
- $746
- Homeowners insurance
- $325
- HOA
- $1,203
An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.
Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.
The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.
Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.
New Wave Condo was built in 2006, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one is due by December 31, 2036. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.