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1
Bedrooms
1
Bathrooms
850 sqft
Interior
2006
Year built
$1,203 / mo
HOA
Condominium
Type
About this home
Completely renovated 1-bedroom, 1-bath residence at New Wave — the only unit in the building featuring a true full gut renovation. Open-concept layout with seamless flow between the living, dining, and kitchen areas. Elegant black marble floors throughout. Custom European-style kitchen with floor-to-ceiling cabinetry, smoked glass upper cabinets, integrated appliances, and LED lighting. Designer wallpaper accent walls add texture and sophistication throughout the residence. Custom glass doors allow natural light to flow while maintaining privacy, enhancing the open and airy feel of the space. Built-out walk-in closet featuring LED strip lighting, custom shelving, shoe displays, and integrated drawer systems. Recessed lighting throughout. Zero original finishes remain. Every detail was intentionally curated — this is far beyond a cosmetic renovation. New Wave offers 24-hour concierge, waterfront pool, fitness center, valet parking, and secured entry. Waterfront building designed by renowned architect Kobi Karp in the heart of Edgewater — walkable to Margaret Pace Park and minutes from Wynwood, Design District, Brickell, and Miami Beach. One covered parking space included. Move-in ready. Truly turnkey. Master bedroom chandelier not included in the sale.
Features
- Bar
- Built-in Features
- Closet Cabinetry
- Custom Mirrors
- Other
- Walk-In Closet(s)
- Open Balcony
- Bay
- Water View
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.