725 NE 22nd St · Miami, FL 33137 · Edgewater

New Wave

20-story tower, completed 2006, 76 residences in Edgewater. 7 for sale on Nov 2, 2026.

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At a glance New Wave (725 NE 22nd St, Edgewater) is a 20-story, 76-unit building completed in 2006. As of Nov 2, 2026, 7 units are for sale and none for rent; the median closed price was $647 per square foot over 8 sales in the last 12 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

6 photos from my condo archive

For sale
7
For rent
0
Median $/SF
$6478 sales · 12 mo
Sold
8last 12 months
Built
2006
Floors
20
Residences
76county
Flood zone
AEFEMA
Owner-occupied
46%
Avg. unit
1,082sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at New Wave.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33137

New Wave, floor by floor.

Every unit the MLS has recorded here, placed by its unit number: floors up, lines across, each column as wide as the units in it. Amber is for sale today (a unit listed both for sale and for rent is amber). Hover or tap a unit to read its record.

49 units seen · MLS via Bridge IDX · as of Nov 2, 2026
  • For sale 7
  • Under contract 1
  • Sold or leased, last 12 months 10
  • Seen in the MLS before that 31
  • No MLS record seen 53
ABCDEF1711510ABCDEF1711510Floors 18 to 20: no unit seen in the MLSFloors 18 to 20: no unit seen in the MLS

Tap a unit to read its record here. Amber and white units open their listing page.

Units seen49of 76 residences on record
Floors with units13floors 1 to 17
Lines6stacks of units, by number

Closed $/SF by height sales in the 24 months to Nov 2, 2026

Upper floorsfloors 15 to 17$601/SF · 4 sales
Middle floorsfloors 9 to 141 sale, too few for a median
Lower floorsfloors 1 to 8$696/SF · 5 sales

Closed $/SF figures use the 10 recorded sales of these units in the 24 months to Nov 2, 2026; a median needs three. Floor, line and size are the record's. Views and orientation are not in it and are not shown.

Line B closed highest per square foot: a median $635/SF over 3 sales in 24 months. The largest typical unit is line A, a median 1,400 sf over 10 units seen, recorded with 2 bedrooms.

The lines what the MLS record holds for each stack of units
LineUnits seenTypical sizeBedsOn the marketClosed $/SF · 24 mo
Line A101,400 sf222 sales, too few
Line B8850 sf1–$635 3 sales
Line C8950 sf121 sale, too few
Line D8950 sf111 sale, too few
Line E9850 sf132 sales, too few
Line F61,400 sf2–1 sale, too few

How this is drawn: a unit's floor and line come from its MLS unit number alone (5614 is floor 56, line 14). A cell exists only where the MLS has recorded a listing, a closing or a lease; a blank means no record was seen, not that no unit exists. Column widths follow each line's median recorded living area. Pre-construction towers and buildings with a thin record have no drawing.

Floor and line from the MLS unit number; a blank cell means no record was seen. How these numbers are made

The read on New Wave.

Activity as of Nov 2, 2026
  • Resale +73%. The median closed price moved from $375/SF in 2020 (7 sales) to $647/SF in 2026 (8 sales), the first and last years with three or more recorded sales.
  • Gross rental yield 7.4%. A year of rent at the median $3.96/SF/mo (4 leases) against the median $647/SF sale (8 sales), both over 12 months, before HOA, taxes and vacancy.
  • Asks run +5% against closings. Sellers ask a median $678/SF (7 listings) against $647/SF closed (8 sales, 12 months). Asks are priced close to what actually closes here.
  • Sells in a median 56 days. Days on market across the 8 sales closed in the last 12 months.
  • An owners' building. Sales outnumbered leases 2 to 1 over the last 12 months (8 sales, 4 leases).

Where it ranks citywide, condo buildings in 17 Miami neighborhoods

  • #43 of 360 · fastest median days on market56 days median on market · n 10 · Oct 2024 to Sep 2026
  • #74 of 584 · highest sales turnover13.2% of units sold in 24 months · n 10 · Oct 2024 to Sep 2026
  • #81 of 345 · biggest $/sf change since 2021+41.6% median $/SF since 2021 ($457 to $647) · n 15 · Calendar 2021 vs Oct 2025 to Sep 2026

See the full rankings · How rankings are made

Read the full record 4 paragraphs and 12 facts, every figure from the MLS and county record

New Wave rises 20 floors at 725 NE 22nd St in Edgewater and was completed in 2006. The Miami-Dade Property Appraiser lists 76 residential units, averaging 1,082 SF of living area. The condo archive records it as waterfront (bay).

On November 2, 2026, seven units were listed for sale, asking $525K to $1.1M (median ask $678/SF across 7 listings). Eight sales closed between November 2, 2025 and November 2, 2026, from $475K to $1.8M, a median $647/SF, after a median 56 days on the market. The year before saw two closed sales. The MLS holds 36 closed sales here going back to 2020; among years with three or more sales, 2023 set the high at a median $659/SF. That 12-month median ranks 13th of the 32 Edgewater buildings with at least three sales in the same window. One-bedrooms made up six of the 10 sales in the last 24 months, at a median $535,000.

Four leases were signed over the same 12 months, at a median $4,500 a month (range $3,400 to $5,600). Sales outnumbered leases 2 to 1 over that year.

About 46% of the residences are owner-occupied according to county records.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
725 NE 22nd St, Miami 33137
Neighborhood
Edgewater
Front desk / mgmt
(305) 572-9149
Year built
2006
Floors
20
Residences (county-verified)
76
Owner-occupied
46% of residences
Avg. unit size
1,082 sq ft
Total living area
82,250 sq ft
County condo folios
76
Waterfront
Yes / Bay
Recorded MLS listings
87

The numbers at New Wave.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2020 to 2026. Count in the tooltip.

$330$659$3752020$4572021$6212022$6592023$5792024$5792025$6472026$330$659$3752020$4572021$6212022$6592023$5792024$5792025$6472026

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)8$6473$3,500/mo
20252$579*5$3,700/mo
20243$5799$3,400/mo
20233$6595$3,250/mo
20226$6216$3,525/mo
20217$4575$2,917/mo
20207$3758$2,200/mo

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Own here? See how the building moved since you bought.

Median closed $/SF in 2020: $375 (7 sales). In the last 12 months: $647 (8 sales). Change: +73%.

This is the building's movement, not your unit's value. Floor, view, line and condition move a unit's price more than the building does. Only years with three or more recorded sales are listed.

Get your unit's value →
Show all closings 36 sales · 41 leases on record since 2020

Closed sales Nov 2, 2024 to Nov 2, 2026 · 10

UnitBDBASFAskedClosed$/SFClose dateDOM
8B11850$515,000$500,000$588Sep 11, 202623
16B11850$565,000$540,000$635Jul 31, 2026246
PH3C32.51,900$1,975,000$1,825,000$961Jun 12, 2026139
17E11850$549,000$530,000$624May 12, 2026168
PH2B11850$595,000$560,000$659May 11, 202661
PH2F221,400$1,295,000$1,275,000$911Apr 30, 202613
PH1A221,400$995,000$975,000$696Mar 2, 202635
9E11850$515,000$475,000$559Feb 26, 202651
16A221,400$845,000$810,000$579Aug 14, 20258
17D12950$590,000$550,000$579Mar 13, 2025151

Leases signed Nov 2, 2025 to Nov 2, 2026 · 4

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
PH2A221,400$6,000/mo$5,600/mo$4.00Oct 22, 202653
16D12950$3,600/mo$3,500/mo$3.68Jun 26, 202651
16B11850$3,500/mo$3,400/mo$4.00Mar 10, 202645
16A221,400$5,600/mo$5,500/mo$3.93Nov 25, 202526

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on New Wave.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • The 1% annual chance ("100-year") flood area, with a base flood elevation set.
  • Base flood elevation 10 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Due 2036

Due by statute by December 31, 2036, 30 years after 2006, then every 10 years.

What the deadline means
  • Miami-Dade sets 25 years for condo buildings within three miles of the coastline, which would be December 31, 2031.
  • Based on year built 2006 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around New Wave

5 more nearby

Compare with the two nearest →Every Edgewater building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from New Wave's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

Looking here?

Get alerts when a unit lists or sells

When a unit at New Wave lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

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Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

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