$540,000

725 22nd St #14E, Miami, FL 33137

Bedrooms
1
Baths
1
Living area
850 ft²
Price per ft²
$635 / ft²
Type
Condo
Year built
2006
HOA
$1,203 / mo HOA
On market
90 days on market
MLS #
A12042984

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.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $635. The median for recorded sales in the same ZIP codes is $913/ft² — putting it 30% below the median.
  • Position in the area’s price distributionThe asking price is $540,000; the median of recorded sales in the area is $690,000 (1,629 sales). On raw price that is 22% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,203 per month comes to $14,436 a year — 2.7% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33132, 33137 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$162,000
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$2,502
Loan amount
$378,000
Total interest over the term
$522,779
Total repaid
$900,779

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Serrano & Associates Real Estate, LLC

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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