new wave brings Kobi Karp's architectural signature to Edgewater's bayfront at a boutique scale. The 20-story tower at 725 NE 22nd Street holds just 78 residences, completed in 2006 with a bayfront lap pool that remains one of the building's signature features.
With fewer than 80 units, the resale market is a waiting game rewarded by bayfront positioning at a relative value. Rentals attract tenants who want Edgewater's waterfront without the mega-tower experience.
Architect Kobi Karp shaped the tower's contemporary lines, and his firm's imprint on Miami's luxury landscape gives the...
new wave brings Kobi Karp's architectural signature to Edgewater's bayfront at a boutique scale. The 20-story tower at 725 NE 22nd Street holds just 78 residences, completed in 2006 with a bayfront lap pool that remains one of the building's signature features.
With fewer than 80 units, the resale market is a waiting game rewarded by bayfront positioning at a relative value. Rentals attract tenants who want Edgewater's waterfront without the mega-tower experience.
Architect Kobi Karp shaped the tower's contemporary lines, and his firm's imprint on Miami's luxury landscape gives the building a design pedigree that buyers recognize. The bayfront lap pool anchors the amenity deck with the water as its backdrop.
At 78 units, the tower sits in the same boutique conversation as Bay Lofts further north, though the 20-story height gives New Wave the view advantage. Both serve buyers who have deliberately ruled out the big towers.
The location sits just north of the Arts and Entertainment District, which means the Adrienne Arsht Center and its calendar of performances are minutes away. Downtown Miami is equally close, making this one of Edgewater's most central bayfront pockets.
For investors, the math is straightforward: bayfront rentals in boutique buildings command premiums, and the limited unit count means little landlord competition. Owner-occupants get the same scarcity working in their favor at resale.
Kobi Karp is the architect behind the 20-story tower, part of his extensive imprint on Miami's contemporary skyline.
78 units, which makes New Wave one of Edgewater's smaller bayfront towers.
The signature amenity is the bayfront lap pool, set against the water with the tower rising behind it.
Yes. Boutique bayfront buildings rent well to tenants who want the waterfront without mega-tower scale, and the small unit count limits competition.
725 NE 22nd Street in Edgewater, just north of the Arts and Entertainment District and minutes from downtown Miami.
2006, so the market is resales and rentals in an established building.
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| Unit | Price | FT2 (M2) | $/SF |
| 14E | $540,000 | 850 (78 m2) | $635 |
| 11E | $645,000 | 850 (78 m2) | $759 |
| 7B | $649,000 | 850 (78 m2) | $764 |
| Unit | Price | FT2 (M2) | $/SF |
| 10A | $949,000 | 1400 (130 m2) | $678 |
| PH2A | $1,150,000 | 1400 (130 m2) | $821 |
| CALL/TEXT for off market listings! 305.339.9898 |
| CALL/TEXT for off market listings! 305.339.9898 |
| Unit | Price | FT2 (M2) | $/SF | Sale Date |
| 8B | $500,000 | 850 ft2 (78 m2) | $588 | 09/11/2026 |
| 16B | $540,000 | 850 ft2 (78 m2) | $635 | 07/31/2026 |
| PH3C | $1,825,000 | 1900 ft2 (176 m2) | $961 | 06/12/2026 |
| 17E | $530,000 | 850 ft2 (78 m2) | $624 | 05/12/2026 |
| PH2B | $560,000 | 850 ft2 (78 m2) | $659 | 05/11/2026 |
| PH2F | $1,275,000 | 1400 ft2 (130 m2) | $911 | 04/30/2026 |
| PH1A | $975,000 | 1400 ft2 (130 m2) | $696 | 03/02/2026 |
| 9E | $475,000 | 850 ft2 (78 m2) | $559 | 02/26/2026 |
| Unit | Price | FT2 (M2) | $/SF | Rented Date |
| 16D | $3,500 | 950 ft2 (88 m2) | $4 | 06/26/2026 |
| 16B | $3,400 | 850 ft2 (78 m2) | $4 | 03/10/2026 |
| 16A | $5,500 | 1400 ft2 (130 m2) | $4 | 11/25/2025 |
| FLOOR / UNITS | BEDS / BATHS | TOTAL RESIDENCE | FLOOR PLANS |
| Unit A | 2 Beds / 2 Baths | 1400 SF / 130 M2 | Download |
| Unit B | 1 Beds / 1 Baths | 850 SF / 79 M2 | Download |
| Unit C | 1 Beds + Den / 1 Baths | 950 SF / 88 M2 | Download |
| Unit D | 1 Beds + Den / 1 Baths | 950 SF / 88 M2 | Download |
| Unit E | 1 Beds / 1 Baths | 850 SF / 79 M2 | Download |
| Unit F | 1 Beds / 1 Baths | 1400 SF / 130 M2 | Download |


