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1
Bedrooms
2
Bathrooms
950 sqft
Interior
2006
Year built
$1,345 / mo
HOA
Condominium
Type
About this home
Enjoy unobstructed Biscayne Bay views from this beautiful 1-bedroom, 2-bath residence with a versatile den, ideal for a home office or additional flex space. The unit features elegant marble flooring, an open kitchen with granite countertops, stainless steel appliances, and a new stove and refrigerator. New Wave Condominium is a boutique contemporary building offering an excellent collection of amenities, including a heated pool, modern fitness center with bay views, 24-hour security, and on-site management. **All assessments have been paid in full**, providing added peace of mind for the next owner. Located in the heart of Edgewater, just blocks from Publix, the Ziff Opera House, Kaseya Center, Wynwood, the Design District, museums, and an outstanding selection of restaurants and entertainment. Enjoy waterfront living with convenient access to some of Miami’s most vibrant neighborhoods. An excellent opportunity to own a bay-view residence in one of Miami’s most desirable urban neighborhoods.
Features
- Closet Cabinetry
- Den/Library/Office
- East Of Us1
- Open Balcony
- Bay
- Skyline
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,495.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.