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Buildings/Miami/NEW WAVE CONDOMINIUM

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NEW WAVE CONDOMINIUM

725 NE 22 ST, Miami 33137

2006

Year Built

Units

CI Score

Moderate

For Sale

$612K

Avg Price

$731

Sale $/SF

For Rent

$3,600

Avg Rent

$3.80

Rent $/SF

-7.4%

YoY

For Sale

For Rent

Investor-Owned

54%

Avg HOA

$1,592.5/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.

Building Details

Address

725 NE 22 ST, Miami, 33137

Neighborhood

Miami

Year Built

2006

Total Units

Avg Unit Sqft

1,082 SF

Tier

Premium

Avg $/SF

$731.02

Avg Rent

$3,600/mo

Rent $/SF

$3.80/SF

HOA Range

$1,200 – $1,982

Neighborhood Rank

Top 20%

Avg Unit Value

$560K

Total Sales (All-Time)

193

Amenities

ElevatorLobbyParking GarageSecurityPool

Investment Analysis

Yield Metrics

Rental Yield (annualized)5.9%

YoY Appreciation-7.4%

Total Yield-9.2%

YoY Sale $/SF Change+26.3%

Liquidity & Demand

Closed Sales (120d)3

Days on Market61 days

Months of Inventory8.0

Sale-to-List Ratio1.0%

Price Reduction Rate100%

Investor-Owned54%

For Sale6

For Rent3

Market Data

Sale Price Trend ($/SF)

$641

+10.8%

Rental Price Trend ($/SF)

$3.93

Building Activity

Days on Market

days

Normal pace

Months of Inventory

8.0

months

Buyer's market

Sale-to-List Ratio

96.4%

Fair negotiation

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Moderate activity

Sales & Listings

Active Listings

For Sale (6)

$515K

Unit 9E

1 bd1 ba850 sf

$565K

Unit 16B

1 bd1 ba850 sf

$665/SF235 DOM

$575K

1 bd1 ba850 sf

$649K

Unit 7B

1 bd1 ba850 sf

$764/SF13 DOM

$949K

Unit 10A

2 bd2 ba1,400 sf

$678/SF58 DOM

$1.1M

Unit PH2A

2 bd2 ba1,400 sf

$821/SF1 DOM

For Rent (3)

$3K

Unit PH39

1 bd2 ba835 sf

$3/SF285 DOM

$4K

Unit 16D

1 bd2 ba950 sf

$4/SF1 DOM

$6K

Unit 16A

2 bd2 ba1,400 sf

$4/SF1 DOM

Recent 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 11, 2025	$550K	$578.95	1/2	950
Jul 1, 2024	$1.1M	$796.43	2/2	1,400
May 29, 2024	$550K

Units & Ownership

Total Units

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

1 BR50

Avg 900 SF

2 BR25

Avg 1,400 SF

3 BR1

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