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What we cover
725 NE 22 ST, Miami 33137
2006
Year Built
76
Units
CI Score
Moderate
6
For Sale
$570K
Avg Price
$479
Sale $/SF
1
For Rent
$3,800
Avg Rent
$4.55
Rent $/SF
-5.4%
YoY
For Sale
6
For Rent
1
Investor-Owned
54%
Avg HOA
$1,982/mo
New Wave Condominium is a 76-unit residential building located in the vibrant Edgewater neighborhood of Miami, built in 2006. The building offers a range of floor plans from 1 to 3 bedrooms spanning 850 to 2,250 square feet, catering to diverse lifestyle needs. With an average price point of $479 per square foot and rental rates around $3,366 monthly, it represents a practical option for Miami's mid-market real estate segment.
Address
725 NE 22 ST, Miami, 33137
Neighborhood
Miami
Year Built
2006
Total Units
76
Avg Unit Sqft
1,082 SF
Tier
Premium
Avg $/SF
$479.04
Avg Rent
$3,800/mo
Rent $/SF
$4.55/SF
HOA Range
$1,982 – $1,982
Neighborhood Rank
Top 20%
Avg Unit Value
$560K
Total Sales (All-Time)
209
Amenities
Sale Price Trend ($/SF)
$479
Rental Price Trend ($/SF)
$3.93
Building Activity
Days on Market
200
days
Sitting longer
Months of Inventory
20.0
months
Buyer's market
Sale-to-List Ratio
88.9%
Buyers negotiating
Price Reductions
100%
of listings
Many price cuts
Closed Sales (120d)
1
transactions
Low volume
Active Listings
For Sale (6)
$515K
Unit 9E
$549K
$565K
Unit 16B
$575K
$595K
Unit PH2B
$1.3M
Unit PH2FFor Rent (1)
$4K
Unit PH39Recent Sales
| Date | Price | $/SF | Bed/Bath | SF |
|---|---|---|---|---|
| Dec 23, 2025 | $400K | $479.04 | 1/2 | 835 |
| Aug 14, 2025 | $810K | $578.57 | 2/2 | 1,400 |
| Mar 13, 2025 | $550K | $578.95 | 1/2 | 950 |
| Mar 11, 2025 | $550K | $578.95 | 1/2 | 950 |
| Jul 1, 2024 | $1.1M |
Total Units
76
Avg Sqft
1,082 SF
Avg Assessed
$447K
Owner-Occupied
46%
Tax & Ownership
Investor-Owned
54%
Owner-Occupied
46%
Avg Assessed Value
$447K
Avg Taxable Value
$423K
Effective Year Built
2006
Zoning
4604
Unit Mix
Avg 900 SF
Avg 1,400 SF
Avg 2,250 SF
Unit Directory
Showing 10 of 76 units| Unit | Beds | Baths | SF | Assessed | Owner | Last Sale | $/SF | Sale Date |
|---|---|---|---|---|---|---|---|---|
| 7A | 2 | 2 | 1,400 | $842K | — | $1.2M | $882 | Aug 2022 |
| 7B | 1 | 1 | 850 | $385K | — | $560K | $659 | Sep 2023 |
| 7C | 1 | 2 | 950 | $383K | — | $390K | $411 | Sep 2016 |
| 7D | 1 | 2 | 950 | $284K | ✓ | $405K | $426 | Jul 2015 |
| 7E | 1 | 1 | 850 | $385K | — | $705K | $829 | Dec 2022 |
| 7F | 2 | 2 | 1,400 | $550K | — | $598K | $427 | Apr 2014 |
| 8A | 2 | 2 | 1,400 | $729K | ✓ | $684K | $489 | Oct 2021 |
| 8B | 1 | 1 | 850 | $348K | — | $320K | $376 | Apr 2007 |
| 8C | 1 | 2 | 950 | $385K | — | $375K | $395 | Jul 2021 |
| 8D | 1 | 2 | 950 | $390K | ✓ | $511K | $538 | Apr 2022 |
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Neighborhood
Miami →
View all buildings in this area
Building Snapshot
| $796.43 |
| 2/2 |
| 1,400 |
| May 31, 2024 | $550K | $578.95 | 1/2 | 950 |
| May 29, 2024 | $550K | $578.95 | 1/2 | 950 |
| Apr 5, 2024 | $510K | $536.84 | 1/2 | 950 |
| Mar 27, 2024 | $510K | $536.84 | 1/2 | 950 |
| Sep 15, 2023 | $560K | $658.82 | 1/1 | 850 |