New Wave Miami Condos for Sale & Rent | 725 NE 22nd Street, Edgewater, Miami, FL 33137 | CondoInvestMiami
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New Wave Miami Condos for Sale & Rent

725 NE 22nd Street, Edgewater, Miami, FL 33137

New Wave is a condominium in Edgewater, Miami. The residence is located at 725 NE 22nd Street, Miami, FL, 33137.

Ask about this building
Price
From $524,900
Bedrooms
1–2
Listed now
8 listed
Year Built
2006
Last updated Nov 8, 2026, 6:24 AM EST

For Sale Units

8 for-sale listings at New Wave

14E$524,90011850$618119
8E$538,00011850$63331
12C$620,00012950$65316
7B$634,00011850$7460
11E$645,00011850$75988
PH1D$670,00012950$70563
10A$949,000221,400$67858
PH2A$1,150,000221,400$821100

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Building Details

MLS Units Seen23
Year Built2006

Building profile

About New Wave

Completed in 2006, New Wave is a 20-story tower at 725 NE 22nd Street, Miami, FL, 33137, with amenities including Curated amenity spaces, Wellness-focused environments, Communal gathering areas, Outdoor environments. New Wave is a 20-floor bayfront condominium in Miami's Edgewater neighborhood, completed in 2006. The building contains 78 residences arranged six units per floor, a density that is notably low compared to the large towers that now surround it in the area. All units face Biscayne Bay, and residents on upper floors also have sightlines toward Miami Beach and the Atlantic Ocean.

The project was developed by Cardinal Development. Wellness-focused spaces, gathering areas, and outdoor environments form the shared program.

Listings range from 1–3 bedrooms and 850–1,900 sq ft; shared features include Wellness-focused environments, Communal gathering areas, Outdoor environments.

For sale now: $524,900 to $1.15M.

In the last 12 months, 8 MLS sales closed. Median closed price per square foot: Not enough sales.

Building data

Quick facts

Building details and live MLS activity are presented for easy comparison.

DBPR condominium units
78Source: Florida DBPR — Condominiums by County (project Units) · Checked
Median closed $/sq ft (12 months)
Not enough sales (8 sales)

Price per sq ft by year (MLS aggregate)

YearMedian closed $/sq ftNumber of closed sales
2021$4646
2022$6216
2023Fewer than 5 sales3
2024Fewer than 5 sales3
2025Fewer than 5 sales2
Trailing 12 months$6478

Source: Miami MLS closed sales, aggregated by CondoInvestMiami · Updated

Building details

Year built

2006

Current MLS snapshot

Current Miami-Dade MLS activity for this building.

Live price range

$524,900 – $1,150,000

Bedrooms listed

1–2

Size range

850–1,900 sq ft

Average list $/sq ft

$702

Sales by period

PeriodClosed salesMedian closed $/sq ftMedian closed price
3 months1Not enough salesNot enough sales
6 months5Not enough salesNot enough sales
12 months8Not enough salesNot enough sales
24 months10$629/sq ft$555,000

Median closed metrics require at least 10 matched closed sales and at least 10 eligible observations for each metric in the stated period.

Market data

Closed sales, 12 months
8
Median closed $/sq ft
Not enough sales
Median days on market
Not enough sales
Median sale-to-list ratio
Not enough sales

Source: MLS closed sales, 2025-11-08 to 2026-11-07 (inclusive). How our data works · Full Miami condo market data

Active inventory and market data

Closed sales, 12 months
8
Closed sales, 24 months
10
Active for sale
8
Pending / under contract
0
Months of supply
12 months

Active for sale × 12 ÷ closed sales (12 months): 8 × 12 ÷ 8. n=8 closed sales; no minimum sample threshold.

Median days on market — active for-sale listings
60.5 days

n=8 current active for-sale listings with valid nonnegative MLS days on market. Includes ComingSoon; excludes rentals, pending and closed sales. Small samples are shown.

Closed-sale medians — 24 months

Median closed $/sq ft, 24 months
$629/sq ft

n=10 eligible observations

Median closed price, 24 months
$555,000

n=10 eligible observations

Median closed-sale days on market, 24 months
56 days

n=10 eligible observations

Median sale-to-list ratio, 24 months
95.7%

n=10 eligible observations

24-month medians require at least 10 matched closed sales and 10 eligible observations per metric. Window: 2024-11-08 to 2026-11-07 (inclusive).

Source: current MLS inventory and aggregated closed sales for this building. How our data works

Unit lines from current listings

Current active and pending MLS listings only. Lines use the last 2 numeric unit digits, keeping tower letters separate. This is a listing sample, not a complete building floor plan.

Unit-line aggregates from 8 available eligible listings; 4 ambiguous or unparseable unit identifiers excluded.
Line / towerBedsLiving area (sq ft)Observed floorsListingsFloor methodology
10 (A)21,400Not reported1Not reported
11 (E)1850Not reported1Not reported
12 (C)1950Not reported1Not reported
14 (E)1850Not reported1Not reported

Floors shown here are reported by MLS. No floors have been inferred from unit numbers in this sample.

Beds and living areas are reported by MLS. No sold-unit details or prices are included.

Building highlights

Residence Details

✓725 NE 22nd Street, Miami, FL 33137
✓Corrected display location: Edgewater, Miami—not Aventura

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Location

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725 NE 22nd Street, Edgewater, Miami, FL 33137

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Building records

Flood zone
AESource: FEMA National Flood Hazard Layer — effective Flood Hazard Zones · Checked
Hurricane evacuation zone
CSource: Miami-Dade County — Hurricane Evacuation Zone / Storm Surge Planning Zone · Checked
Year built
2006Source: Miami-Dade Property Appraiser — official current residential parcel · Checked
DBPR condominium units
78Source: Florida DBPR — Condominiums by County (project Units) · Checked
Show all records
FEMA zone at the building’s documented map point, not the entire parcel or building footprint.
County planning zone at the documented building point; this is not an evacuation order.
Year reported for a current residential parcel; recorded years can differ between units.
DBPR reports condominium-project units; these may differ from residential-only or physical-building totals.
Milestone / 40–50 year recertification
Not found in public records as of November 2, 2026Source: City of Miami GIS — 40 Year Recertification · Checked
FHA project approval
Not yet checkedSource: HUD FHA condominium approval list · Not yet checked
VA project approval
Not found in public records as of November 2, 2026Source: U.S. Department of Veterans Affairs — LGY Hub Condominium Report · Checked
DBPR association registration
Association: NEW WAVE CONDO ASSN, INC · Project PR69635 · Project status: Approved / RecordedSource: Florida DBPR — published condominium project registration · Checked DBPR reports condominium-project units; these may differ from residential-only or physical-building totals.
Rental rules reported in listings
Pets: Conditional,Yes most frequently reported; reported values: Conditional,Yes · No. As reported in 8 active listingsSource: Active Miami MLS listings · Checked Sample: 8
Special assessments reported in listings
Not yet checkedSource: Active Miami MLS listings · Not yet checked
HOA per sq ft
$1.42 per sq ft per month · n=7Source: Active Miami MLS listings · Checked Sample: 7

These records come from public sources and active MLS listings on the dates shown. They do not replace the association's budget, reserve study (SIRS), milestone inspection report, insurance and minutes, which a buyer should request before signing.

What does the 12-month MLS history show?

In the last 12 months, 8 MLS sales closed. Median closed price per square foot: Not enough sales.

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