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1
Bedrooms
1
Bathrooms
850 sqft
Interior
2006
Year built
$1,203 / mo
HOA
Condominium
Type
About this home
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.
Features
- First Floor Entry
- No Additional Rooms
- None
- Open Balcony
- Bay
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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.