New Wave
New Wave is a 19-story boutique condominium at 725 NE 22nd Street in Miami's Edgewater neighborhood, completed in 2006 with 78 residences. Designed by noted Miami architect Kobi Karp and developed by Cardinal Development, the building features floor-to-ceiling impact-resistant windows and high ceilings throughout its bayfront residences. Amenities include a waterfront pool with sundeck and BBQ area, a bay-view fitness center, and 24-hour concierge and security. Its Edgewater location offers direct, unobstructed views of Biscayne Bay and easy access to Downtown Miami, Brickell, Wynwood, the Design District, and Miami Beach.
Amenities
- Waterfront/bayside swimming pool
- BBQ area
- Sunset terrace
- Fitness center overlooking the bay
- 24-hour concierge and security
- Covered, assigned parking
- Valet parking
| Unit | Floor | Beds | Baths | Sq Ft | Floorplan |
|---|---|---|---|---|---|
| Residences | |||||
| Site | — | — | — | — | View |
| Site Medium | — | — | — | — | View |
| Plan 3 | — | — | — | — | View |
| Medium | — | — | — | — | View |
| Plan 5 | — | — | — | — | View |
| Medium ·6 | — | — | — | — | View |
| Plan 7 | — | — | — | — | View |
| Medium ·8 | — | — | — | — | View |
| Plan 9 | — | — | — | — | View |
| Medium ·10 | — | — | — | — | View |
| Plan 11 | — | — | — | — | View |
| Medium ·12 | — | — | — | — | View |
| Plan 13 | — | — | — | — | View |
| Medium ·14 | — | — | — | — | View |
Floor plans courtesy of the developer; dimensions are approximate and subject to change.
New Wave sits in Edgewater, a Biscayne Bay-front neighborhood just north of Downtown Miami known for its concentration of waterfront condo towers. The area is centrally located minutes from Downtown Miami, Brickell, Wynwood, the Design District, and Miami Beach.
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Miami, FL 33137
Available Residences at New Wave
2 Bedroom Condos · 2 units
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| PH2A | $1,150,000 | 2 / 2 | 1,400 | $821 | 24 |
| 10A | $949,000 | 2 / 2 | 1,400 | $678 | 82 |
1 Bedroom Condos · 4 units
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 7B | $649,000 | 1 / 1 | 850 | $764 | 43 |
| 11E | $645,000 | 1 / 1 | 850 | $759 | 55 |
| 14E | $540,000 | 1 / 1 | 850 | $635 | 10 |
| 8B | $515,000 | 1 / 1 | 850 | $606 | 25 |
Compare every Edgewater building, its inventory, and area market trends in one place.
ANALYTICS
CURRENT INVENTORY
INVENTORY BY BEDROOM
- 1 Bed (3) 60%
- 2 Bed (2) 40%
INVENTORY TREND (ALL UNITS)
Market & Community Report
As of August 12, 2026, New Wave carries 5 active listings at an average asking price of $787K, with an average time on market of 43 days. Closed sales over the preceding 36 months averaged $675 per sq ft, and 8 transactions closed in the past 12 months — implying 7.5 months of supply against the current pace of absorption.
Zip code 33137 (Miami) is home to 27,300 residents with a median age of 34.3. Per-capita income stands at $66,422; 50.9% hold a bachelor's degree or higher. 26.7% of units are owner-occupied; 26.6% of residents work from home.
Data current as of August 12, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.
Frequently Asked Questions — New Wave
How many condos are for sale at New Wave?
As of August 12, 2026, 5 residences are actively listed for sale at New Wave. Current asking prices range from $540K to $1.2M. Inventory updates daily from the MLS.
How much do condos at New Wave cost?
Condos at New Wave are currently asking from $540K to $1.2M. Over the past 36 months, closed sales have averaged $675 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.
What is the average price per square foot at New Wave?
Based on MLS closed sales over the preceding 36 months, the average sale price at New Wave is $675 per square foot. Use this as a benchmark when comparing active listings in the building.
Where is New Wave located?
New Wave is located at 725 Ne 22 St, Miami, FL, 33137, in the Edgewater area.
What neighborhood is New Wave in?
New Wave is in Edgewater, Miami. You can compare every condo building, home inventory, and price trend across Edgewater on its neighborhood guide.
How many units are in New Wave?
New Wave has 78 residences across 19 stories.
What year was New Wave built?
New Wave was completed in 2006.
What floor plans are available at New Wave?
New Wave has 14 published floor plans. See the Floor Plans tab above for unit lines, dimensions, and layouts.
What amenities does New Wave offer?
New Wave amenities include Waterfront/bayside swimming pool, BBQ area, Sunset terrace, Fitness center overlooking the bay, 24-hour concierge and security, Covered, assigned parking, Valet parking.