Home » South Florida Condos Listed By City » Edgewater » Venetia
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Prices: $225,000 - $515,000
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Square Feet: 380 - 2120 sq. ft.
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Residences: Studios, 1, 2 & 3 Bedrooms
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Architect: N/A
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Developer: N/A
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Description

Venetia is Edgewater’s bayfront veteran: a 35-story, 384-residence tower built in 1980 at 555 NE 15th Street, standing on the water between Edgewater and Downtown. Where new towers sell renderings, this one sells proof: four decades of bayfront living, a recently completed 40-year recertification, and an amenity roster (marina access, tennis courts, two pools, an in-house restaurant) that modern buildings would need twice the HOA to replicate. With Venetia units trading from the high $200,000s, it remains one of the most affordable ways to own or rent directly on Biscayne Bay.

Key Facts

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Venetia is Edgewater’s bayfront veteran: a 35-story, 384-residence tower built in 1980 at 555 NE 15th Street, standing on the water between Edgewater and Downtown. Where new towers sell renderings, this one sells proof: four decades of bayfront living, a recently completed 40-year recertification, and an amenity roster (marina access, tennis courts, two pools, an in-house restaurant) that modern buildings would need twice the HOA to replicate. With Venetia units trading from the high $200,000s, it remains one of the most affordable ways to own or rent directly on Biscayne Bay.

Key Facts

  • Address: 555 NE 15th Street, Miami, FL 33132 (Edgewater/Downtown bayfront)
  • Stories: 35 | Residences: 384 (studios to 3BR, ~380 to 2,120 sq ft)
  • Year built: 1980 | Recertification: 40-year recert completed (per recent listings)
  • Amenities: 2 pools, spa, tennis/pickleball, marina access, in-house restaurant, valet, 24-hr security
  • Market: Active resale and rental inventory; pricing from the high $200,000s

Venetia: Bayfront Scale You Can’t Build Anymore

A 35-story tower with 384 units, a marina, and two pools on this stretch of bayfront simply would not pencil today. The land economics demand ultra-luxury pricing instead. That makes this building a structural value: the same water, the same sunrise views, at a price per square foot the new towers can’t touch. The trade is finishes and age, which renovation-minded buyers price in.

The Price-Per-Square-Foot Argument

At mid-$400s per square foot, Venetia’s math favors both owner-occupants and investors: lower entry, strong rental demand from the Downtown and hospital corridor, and a recertification already behind it. Compare with newer neighbors like Aria Reserve and Villa Miami to see exactly what the new-construction premium buys, and decide whether you need it.

Venetia’s bayfront price point leaves room for the fun part: eating well nearby. Pura Vida is the healthy quick stop by the park ($). Lagniappe is the live-jazz wine garden night ($$). Salumeria 104 covers Italian ($$). When it’s time to splurge, Amara at Paraiso is the waterfront table ($$$) and Michael’s Genuine the Design District classic ($$$). Whole Foods’ new Midtown store handles the weekly shop, with Publix close by. Margaret Pace Park’s tennis courts and dog park are a stroll away, and the Venetian Causeway puts Miami Beach minutes east. Culture is close: Frost Science, PAMM, and the Arsht Center all sit a few blocks south. Buyers weighing the value argument also compare Icon Bay and 26 Edgewater up the bay.

Venetia Frequently Asked Questions

❯ Isn’t buying into Venetia risky at its age?

Age is the discount, and the diligence item. Recent listings note the building has completed its 40-year recertification, which is the major structural milestone Florida requires. As with any vintage tower, review the association’s reserves, recent assessments, and insurance before buying; the recertification being done removes the biggest overhang.

❯ What amenities does the building offer?

A resort-scale package: two pools, spa, gym, tennis and pickleball courts, marina access, valet parking, concierge, 24-hour security, an in-house restaurant and beauty salon, plus a boardwalk connecting to Margaret Pace Park. Few buildings at this price point offer a marina.

❯ What unit types are available?

Studios through three-bedrooms, roughly 380 to 2,120 square feet. The range is unusually wide: compact studios for first-time buyers and investors, plus large two- and three-bedroom corner units with sweeping bay views for end-users.

❯ Can I rent out my Venetia unit?

The building sustains an active rental market alongside resales. Recent listings show both condos for sale and apartments for rent. Bayfront rentals in this corridor lease steadily to Downtown professionals and medical-center tenants; confirm current rental restrictions with the association.

❯ What is the price range?

Recent inventory has ranged from the high $200,000s to about $500,000, with average pricing in the mid-$400s per square foot. A fraction of new Edgewater construction. HOAs run just over $1,100 per month on typical one-bedrooms.

❯ Where exactly is it located?

555 NE 15th Street, on the bay between Edgewater and Downtown, walkable to the Arsht Center, PAMM, and Margaret Pace Park, with the Venetian Causeway to Miami Beach minutes away. It is also close to fellow bayfront towers like Quantum on the Bay.

Explore our comprehensive list of New and Pre-Construction, A Class Office Space, and Most Expensive Neighborhoods.

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Features

Building Features
  • Pet-Friendly
  • Bay Access
  • Intracoastal Access
  • Dock available
  • Common laundry
  • Marina
  • Gym
  • 2 Swimming Pools
  • Tennis Courts
  • Poolside Bar
  • Restaurant/Sports Bar
  • Office Spaces Available
  • Valet Parking
Residence Features
  • Bay Views
  • Walk-In Closets
  • Private Balconies

Location

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