100 Days on Market
Condo for Sale
$1,150,000
2 bd · 2 ba · 1,400 sqft
725 NE 22nd St # PH2A, Miami, FL 33137
100 days on market
NEW WAVE CONDOMINIUM
New Wave Condos — Edgewater
725 NE 22nd St, Miami, FL 33137 · Miami
About New Wave
New Wave is a 20-story condominium at 725 NE 22nd St in Edgewater delivered in 2006 with 78 residences. It was designed by Kobi Karp.
Today 7 units are on the market, priced from $525K up to $1.1M (a median $678 per square foot). By size: 5 one-bedrooms from $525K and 2 two-bedrooms from $949K.
New Wave recorded 8 closed sales in the trailing twelve months at a median $560K ($659/sq ft), typically going under contract in about 61 days. Prices have eased 31% year over year. By size, one-bedrooms sold for a median $530K and two-bedrooms sold for a median $1.3M. 4 leases were signed over the same period at a median $5,500 a month (one-bedrooms $3,500 and two-bedrooms $5,600).
Residents enjoy a fitness center, a pool, a doorman, a heated pool, a secured lobby and secured garage/parking.
New Wave Building Facts
The Building
- Address
- 725 NE 22nd St, Miami, FL 33137
- Neighborhood
- Edgewater
- City
- Miami, FL 33137
- County
- Miami-Dade County
- Year built
- 2006
- Stories
- 20
- Residences
- 78
- Bedrooms
- 1 – 3 bedrooms
- Bathrooms
- 1 – 3 baths
- Architect
- Kobi Karp
- Construction
- Concrete Block Construction
- Legal name
- New Wave Condominium
Ownership Costs & Rules
- HOA fees
- $1,203 – $1,982/mo
- HOA average
- $1,510/mo
- HOA per sq ft
- $1.42/sq ft per month
- HOA includes
- All Amenities, Common Area, Building Exterior, Manager, Pool Service, Elevator, Landscaping/Lawn Maintenance, Parking
- Pets
- Allowed
- Leasing
- 12 months minimum · up to 1× a year
Market — Last 12 Months
- Closed sales
- 8
- Median sold price
- $560K
- Median sold $/sq ft
- $659
- Median days on market
- 61 days
- Leases signed
- 4
- Median rent
- $5,500/mo
- Price change vs. prior year
- -31%
Views, Parking & Security
- Waterfront
- Yes
- Views
- Bay, Water, Skyline, Ocean
- Parking
- 1 Space, Assigned, Covered
- Security
- Elevator Secure, Doorman, Lobby Secured, Secured Garage/Parking
HOA, pet and leasing details are read from current MLS listings in the building and can vary by unit — confirm with the association before you buy.
New Wave Amenities
Pool, Spa & Fitness
- Exercise Room
- Pool
- Heated Pool
Security & Access
- Doorman
- Lobby Secured
- Secured Garage/Parking
- Card Entry
Social & Leisure
- Barbecue
Services & Building
- Elevator Secure
- Elevator(s)
- Trash Chute
- Bike Storage
- Storage
More Amenities
- Fire Alarm
- Fire Sprinklers
- Complex Fenced
- Exterior Lighting
- Smoke Detector
- TV Camera
New Wave Residence Features
- Bay
- Dishwasher
- Dryer
- Open Balcony
- Refrigerator
- Washer
- Electric Range
- Microwave
- Closet Cabinetry
- Disposal
- Electric Water Heater
- Water View
- Blinds
- Ceramic Floor
- Fire Sprinklers
- Self Cleaning Oven
- Skyline
- Wood
- Built-in Features
- Clear Impact Glass
- Den/Library/Office
- Elevator
- First Floor Entry
- Marble
Features vary by residence — confirm details for any specific unit with us.
Floor Plans & Residences at New Wave
Residence configurations observed across current and recent New Wave listings:
| Residence | Size Range | For Sale | For Rent | Sale Pricing | Avg $/SqFt |
|---|---|---|---|---|---|
| 1 Bed / 1 Bath | 850 sqft | 3 | — | $525K – $645K | $670 |
| 1 Bed / 2 Bath | 950 sqft | 2 | — | $620K – $670K | $679 |
| 2 Bed / 2 Bath | 1,400 sqft | 2 | — | $949K – $1.1M | $750 |
Derived from live MLS data — request official floor plans and we'll send the developer set for your line.
New Wave Listings
New Wave Condos for Sale
82 Days on Market
Condo for Sale
$949,000
2 bd · 2 ba · 1,400 sqft
725 NE 22nd St # 10A, Miami, FL 33137
82 days on market
NEW WAVE CONDO
63 Days on Market
Condo for Sale
$670,000
1 bd · 2 ba · 950 sqft
725 NE 22nd St # PH1D, Miami, FL 33137
63 days on market
NEW WAVE CONDOMINIUM
88 Days on Market
Condo for Sale
$645,000
1 bd · 1 ba · 850 sqft
725 NE 22nd St # 11E, Miami, FL 33137
88 days on market
New Wave Condo
Newly Listed
Condo for Sale
$620,000
1 bd · 2 ba · 950 sqft
725 NE 22nd St # 12C, Miami, FL 33137
Listed today
NEW WAVE CONDO
31 Days on Market
Condo for Sale
$538,000
1 bd · 1 ba · 850 sqft
725 NE 22nd St # 8E, Miami, FL 33137
31 days on market
NEW WAVE CONDO
119 Days on Market
Condo for Sale
$524,900
1 bd · 1 ba · 850 sqft
725 NE 22nd St # 14E, Miami, FL 33137
119 days on market
NEW WAVE CONDO
New Wave Condos for Rent
There are no New Wave condos for rent available at the moment. Annual leases in the building turn over throughout the year — tell us your move-in date, size and budget, and we'll send New Wave rentals as soon as they're listed.
New Wave Pending Rentals
- 725 NE 22nd St # PH2C, Miami, FL 33137 — $3,700 · 1 bd · 2 ba
New Wave Sold Condos
- 725 NE 22nd St # 8B, Miami, FL 33137 — $500,000 · 1 bd · 1 ba
- 725 NE 22nd St # 16B, Miami, FL 33137 — $540,000 · 1 bd · 1 ba
- 725 NE 22nd Street # PH3C, Miami, FL 33137 — $1,825,000 · 3 bd · 3 ba
- 725 NE 22nd St # 17E, Miami, FL 33137 — $530,000 · 1 bd · 1 ba
- 725 NE 22nd St # PH2B, Miami, FL 33137 — $560,000 · 1 bd · 1 ba
- 725 NE 22nd St # PH2F, Miami, FL 33137 — $1,275,000 · 2 bd · 2 ba
- 725 NE 22nd St # PH1A, Miami, FL 33137 — $975,000 · 2 bd · 2 ba
- 725 NE 22nd St # 9E, Miami, FL 33137 — $475,000 · 1 bd · 1 ba
New Wave Rented Condos
- 725 NE 22nd St # PH2A, Miami, FL 33137 — $5,600 · 2 bd · 2 ba
- 725 NE 22nd St # 16D, Miami, FL 33137 — $3,500 · 1 bd · 2 ba
- 725 NE 22nd St # 16B, Miami, FL 33137 — $3,400 · 1 bd · 1 ba
- 725 NE 22nd St # 16A, Miami, FL 33137 — $5,500 · 2 bd · 2 ba
New Wave Market Report
Over the last 12 months, 8 condo sales closed in New Wave at a median of $560K ($659/sqft), median 61 days on market. Median sold prices are down 30.9% year-over-year. 4 leases were signed at a median of $5,500/mo ($4.00/sqft). Computed from recorded MLS closings; updates automatically.
$560K
Median (12 mo)
8
Sales (12 mo)
61 days
Median DOM
Last 12 Months by Bedroom Count
| Residence | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| 1 Bed | 5 | $530K | $624 | 61 | 2 | $3,500 | $4.00 |
| 2 Bed | 2 | $1.3M | $911 | 35 | 2 | $5,600 | $4.00 |
| 3 Bed | 1 | $1.8M | $961 | 139 | — | — | — |
Month-by-month table — All
| Month | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| Nov 2025 | — | — | — | — | 1 | $5,500 | $3.93 |
| Dec 2025 | — | — | — | — | — | — | — |
| Jan 2026 | — | — | — | — | — | — | — |
| Feb 2026 | 1 | $475K | $559 | 51 | — | — | — |
| Mar 2026 | 1 | $975K | $696 | 35 | 1 | $3,400 | $4.00 |
| Apr 2026 | 1 | $1.3M | $911 | 13 | — | — | — |
| May 2026 | 2 | $560K | $659 | 168 | — | — | — |
| Jun 2026 | 1 | $1.8M | $961 | 139 | 1 | $3,500 | $3.68 |
| Jul 2026 | 1 | $540K | $635 | 246 | — | — | — |
| Aug 2026 | — | — | — | — | — | — | — |
| Sep 2026 | 1 | $500K | $588 | 23 | — | — | — |
| Oct 2026 | — | — | — | — | 1 | $5,600 | $4.00 |
New Wave Location & Address
Address
725 NE 22nd St, Miami, FL 33137Edgewater · Miami · Miami-Dade County
Similar Buildings to New Wave
Buyers weighing New Wave tend to shortlist these Edgewater buildings in a comparable price band:
New Wave — Frequently Asked Questions
How much do condos at New Wave cost?
Current asking prices run $525K–$1.1M across 7 listings. Closed sales over the past year had a median of $560K, or $659 per square foot. Typical sale prices: one-bedrooms $530K and two-bedrooms $1.3M. Exact value depends on floor, line, view and finish.
Are there condos for sale at New Wave right now?
Yes — 7 residences are for sale, the least expensive at $525K. Mix: 5 one-bedrooms and 2 two-bedrooms.
How much is rent at New Wave?
The median rent over the past twelve months was $5,500 a month across 4 leases. One-bedrooms rented for about $3,500 and two-bedrooms rented for about $5,600. Minimum lease terms are set by the association — ask us for New Wave’s current rental policy.
Are prices going up at New Wave?
The median sale price is down 31% compared with the prior twelve months. Units that sold took a median 61 days to go under contract. 8 sales closed in the last year.
When was New Wave built?
New Wave was completed in 2006 and has 20 stories and 78 residences. The project credits architect Kobi Karp.
Where is New Wave located?
New Wave is at 725 NE 22nd St, Miami, FL 33137, in Edgewater. Nearby comparable buildings include Onyx on the Bay, Quadro and Blue on the Bay.
How does New Wave compare with nearby buildings?
New Wave lists from $525K to $1.1M today. For comparison, Onyx on the Bay asks $620K–$850K, Quadro asks $419K–$997K and Blue on the Bay asks $499K–$1.5M.
Living at New Wave: Summary
New Wave is a condominium in Edgewater, Miami, FL 33137 (Miami-Dade County). At last update: 7 for sale and 8 sold in the past year. Buyers comparing it also look at Onyx on the Bay, Quadro and Blue on the Bay. For a private showing, off-market availability or a valuation of your unit at New Wave, call Matthew Gromadzki at +1 786-370-8570.