Price Check
How this price compares
- List price
- $538,000
- Price per sq ft
- $633
- Vs. nearby sales
- In line
- Days on market
- 12
This 1-bedroom condo in New Wave Condo is listed at $538,000, or $633 per square foot. It has been on the market for 12 days. The 6 most recent condo sales in the closings shown below sold at a median of $647 per square foot, so the asking price is in line with what comparable homes here actually sold for.
Estimated monthly payment
$2,827 /mo
Principal and interest only, based on $107,600 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,203/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $538,000
- Days on Site
- 12 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 850 sqft
- Total Sq Ft
- 850 sqft
- Year Built
- 2006
- Property Type
- Condo
- MLS #
- A12087389
- Property Tax
- $2,571 (2025)
- HOA Fees
- $1,203 / Monthly
- Subdivision
- NEW WAVE CONDO
- County
- Miami Dade
- Status
- Active
About This Property
Waterfront living in the heart of Edgewater! This beautifully maintained 1BR/1BA residence at New Wave offers 850 SF of interior living space plus an oversized private terrace finished with Jerusalem stone and overlooking Biscayne Bay. Floor-to-ceiling impact glass fills the residence with natural light, while real wood floors add warmth and character throughout. Spacious living and dining areas, open kitchen, in-unit washer/dryer and ample storage. New Wave is a boutique bayfront condominium offering a waterfront pool, fitness center, resident lounge, 24-hour security, valet and covered parking. An important advantage in today's condo market: the building is financially sound with low HOA fees, its required SIRS and reserve studies have been completed, and current assessments have been paid—providing buyers greater confidence regarding the building's financial preparedness. Ideally located across from Margaret Pace Park and minutes from Wynwood, Design District, Downtown, Brickell and Miami Beach.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2006
- Number of Stories
- 21
- Garage Spaces
- 1
- Parking
- Assigned / Covered
- Living Sq Ft
- 850
- Total Sq Ft
- 850
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile / Wood
- Interior Features
- Closet Cabinetry / Other
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Bayfront / None
- View
- Bay
Community & HOA
- HOA Fee
- $1,203 / Monthly
- HOA Includes
- Common Areas / Maintenance Grounds / Maintenance Structure / Pools / Recreation Facilities / Reserve Fund / Roof / Security / Water
- Association Amenities
- Elevators / Fitness Center / Maintenance Grounds / Management / Pool / Parking / Trash
- Security
- Elevator Secured / Lobby Secured
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional / Cryptocurrency
- Restrictions
- Okay To Lease1st Year / Ok To Lease
- MLS Area
- 2320
This home's HOA fee works out to $1,203 a month, in line with the $1,203 median across 7 homes for sale in New Wave Condo. See New Wave Condo HOA fees
Schools
- Elementary School
- Phillis Wheatley
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
New Wave Condo is a waterfront community in Miami, Miami-Dade County, Florida. Active listings are priced from $565,000 to $1,200,000. Homes were built starting 2006. Pure Equity lists homes in New Wave and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 7
- Median List Price
- $649,000
- Median $/Sq Ft
- $705
- Avg Days on Market
- 84
Frequently Asked Questions
- How do I schedule a tour of 725 NE 22nd Street 8E, Miami, FL 33137?
- Use the Tour button on this listing to request a showing of 725 NE 22nd Street 8E, Miami, FL 33137. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 725 NE 22nd Street 8E, Miami, FL 33137 still available?
- 725 NE 22nd Street 8E, Miami, FL 33137 is currently listed as Active, and has been on the market 12 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 725 NE 22nd Street 8E, Miami, FL 33137?
- With 20% down ($107,600) on the $538,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 725 NE 22nd Street 8E, Miami, FL 33137 is about $2,827/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 725 NE 22nd Street 8E, Miami, FL 33137?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 725 NE 22nd Street 8E, Miami, FL 33137. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 725 NE 22nd Street 8E, Miami, FL 33137 have an HOA fee?
- Yes: 725 NE 22nd Street 8E, Miami, FL 33137 carries an HOA fee of about $1,203 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 725 NE 22nd Street 8E, Miami, FL 33137?
- 725 NE 22nd Street 8E, Miami, FL 33137 is zoned for Phillis Wheatley (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 725 NE 22nd Street 8E, Miami, FL 33137?
- Often, yes. The right offer on 725 NE 22nd Street 8E, Miami, FL 33137 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of MDS Real Estate Services, LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated September 12, 2026.
$538,000
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Listed by Marcelo C daSilva, MDS Real Estate Services, LLC
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Recent Sales
Recently sold homes in New Wave Condo
These are the last 6 recorded closings in New Wave Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $659 per square foot. The most recent closed on September 11, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$500,000
Sold · September 11, 2026
725 NE 22nd Street 8B
1 bed · 1 bath · 850 sqft · $588/sqft
$15,000 under the asking price
Sold$540,000
Sold · July 31, 2026
725 NE 22nd Street 16B
1 bed · 1 bath · 850 sqft · $635/sqft
$25,000 under the asking price
Sold$530,000
Sold · May 12, 2026
725 NE 22nd Street 17E
1 bed · 1 bath · 850 sqft · $624/sqft
$19,000 under the asking price
Sold$560,000
Sold · May 11, 2026
725 NE 22nd Street PH2B
1 bed · 1 bath · 850 sqft · $659/sqft
$35,000 under the asking price
Sold$1,275,000
Sold · April 30, 2026
725 NE 22nd Street PH2F
2 bed · 2 bath · 1,400 sqft · $911/sqft
$20,000 under the asking price
Sold$975,000
Sold · March 2, 2026
725 NE 22nd Street PH1A
2 bed · 2 bath · 1,400 sqft · $696/sqft
$20,000 under the asking price
See every recorded sale in New Wave Condo or find out what your New Wave Condo home is worth.
