NOT LISTED FOR SALE

New Wave 725 NE 22nd St Unit 7B Miami, FL 33137

Edgewater Neighborhood

Estimated Value: $515,426 - $710,000

1 Bed
1 Bath
850 Sq Ft
2006 Built

Last Sold September 18, 2023

Last sale price $560,000 $659 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,875/month

Highlights

  • Full Time Lobby Attendant
  • Fitness Center
  • Built in 2006 | Newly Remodeled
  • Property Fronts a Bay or Harbor
  • Building Security
  • Outdoor Pool

About This Home

As of December 2023

Experience waterfront living at its finest in this 1 bed, 1 bath gem with a direct, unobstructed view of Biscayne Bay. The oversized terrace, resembling a private patio, immerses you in tranquility, making you feel as if you're on a boat, with the soothing sounds of the bay and sightings of fish and dolphins. This rare view is typically reserved for larger units, making it a unique find. Nestled in the heart of Edgewater, this unit is situated in a trendy yet peaceful boutique building with few other units available. Unit has high ceilings and a walk-in closet. Freshly painted and move-in ready. Minutes from Wynwood, Design District and Downtown Miami. Don't miss the chance to make this million-dollar view condo your new home.

Last Agent to Rent the Property

Raymond De Leon

One Sotheby's International Realty License #3319128 Listed on: 10/03/2023

One Sotheby's International Realty

Last Renter's Agent

Raymond De Leon

One Sotheby's International Realty License #3319128 Listed on: 10/03/2023

One Sotheby's International Realty

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2006 | Newly Remodeled

Lot Details

  • Property Fronts a Bay or Harbor
  • East Facing Home

Parking

  • 1 Car Attached Garage
  • Guest Parking
  • On-Street Parking
  • Open Parking

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 850 Sq Ft Home
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Pool
  • Balcony

Schools

  • Wheatley; Phyllis Elementary School
  • De Diego; Jose Middle School
  • Washington; Brooker T High School

Utilities

  • Central Air

Listing and Financial Details

  • Property Available on 10/3/23
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 01-32-30-080-0140

Community Details

Overview

  • No Home Owners Association
  • New Wave Condo
  • New Wave Condo,Edgewater Terrace Subdivision

Amenities

  • Full Time Lobby Attendant
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Building Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • High Impact Door

Condo Details

Home Type

Condominium

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0 Sq Ft Lot

Parking

1

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2023-10-03
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2006
  • Property Sub Type: Condominium
  • Architectural Style: First Floor Entry
  • Entry Level: 7
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: NEW WAVE CONDO,Edgewater Terrace
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Other
  • Furnished: Unfurnished
  • Living Area: 850
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Bay, Water
  • Exterior Features: Open Balcony
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Features: Other
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: NEW WAVE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Covered, Guest, On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Security: Key Card Entry, Building Security, Lobby Attended

Condo/Co-op/Association

  • Amenities: Community Pool, Elevator(s), Exercise Room, Management On Site, Other
  • Association: No
  • Community Features: Additional Amenities, Exercise Room, Management On Site

Schools

  • Elementary School: Wheatley; Phyllis
  • High School: Washington; Brooker T
  • Middle Or Junior School: de Diego; Jose

Lot Info

  • Parcel Number: 01-32-30-080-0140
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4604
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
Sep 15, 2023
Sold by
Gypsy Green Llc
Bought by
Levi Ezra Joel
Seller's Agent
Miriam Ruiz
Midtown Realty International Inc
Buyer's Agent
Raymond De Leon
One Sotheby's International Realty
List Price
$750,000
Sold Price
$560,000
Premium/Discount to List
-$190,000
-25.33%
Views
31
Current Estimated Value
$604,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,357
Avg. Annual Appreciation
3.10%
Original Mortgage
$498,400
Outstanding Balance
$488,142
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$116,215

Purchase Details

Listed on
May 18, 2016
Closed on
May 5, 2016
Sold by
Shalom Barbara J
Bought by
Gypsy Green Llc
Seller's Agent
Alfredo Ferro
Envirotek Realty
Buyer's Agent
Christina Fernandez
ACC Realty, Inc.
Sold Price
$2,200

Purchase Details

Closed on
Sep 20, 2006
Sold by
Be 22 Llc
Bought by
Shalom Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.62%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Levi Ezra Joel $560,000 Florida Secured Title
Gypsy Green Llc $370,000 Brokers Title Group Llc
Shalom Barbara J $276,300 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levi Ezra Joel $498,400
Previous Owner Shalom Barbara J $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2023 12/15/23 Rented $3,500 -10.3% --
11/06/2023 11/06/23 Price Changed $3,900 -2.5% $5 / Sq Ft
10/25/2023 10/25/23 Price Changed $4,000 -4.8% $5 / Sq Ft
10/03/2023 10/03/23 For Rent $4,200 0.0% --
09/18/2023 09/18/23 Sold $560,000 -5.1% $659 / Sq Ft View Prior Sale
06/15/2023 06/15/23 Price Changed $590,000 -2.5% $694 / Sq Ft
06/05/2023 06/05/23 Price Changed $605,000 -12.9% $712 / Sq Ft
05/06/2023 05/06/23 Price Changed $695,000 -2.8% $818 / Sq Ft
03/23/2023 03/23/23 Price Changed $715,000 -1.4% $841 / Sq Ft
02/02/2023 02/02/23 Price Changed $725,000 -3.3% $853 / Sq Ft
01/31/2023 01/31/23 For Sale $750,000 0.0% $882 / Sq Ft
07/04/2016 07/04/16 Rented $2,200 +4.8% --
06/14/2016 06/14/16 Under Contract -- -- --
05/18/2016 05/18/16 For Rent $2,100 -- --
Source: MIAMI REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,761 $384,832 -- --
2024 $6,905 $437,309 -- --
2023 $6,905 $300,687 $0 $0
2022 $5,717 $273,352 $0 $0
2021 $5,280 $248,502 $0 $0
2020 $5,041 $236,669 $0 $0
2019 $6,014 $281,749 $0 $0
2018 $6,212 $296,578 $0 $0
2017 $6,283 $296,578 $0 $0
2016 $3,957 $254,149 $0 $0
2015 $4,004 $252,383 $0 $0
2014 $4,054 $250,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Raymond De Leon

    Landlord's Agent in 2023

    Raymond De Leon

    One Sotheby's International Realty

    (305) 984-1379

    2 in this area

    23 Total Sales

    Raymond De Leon
    Section Image
  • Miriam Ruiz

    Seller's Agent in 2023

    Miriam Ruiz

    Midtown Realty International Inc

    (786) 423-5169

    1 in this area

    10 Total Sales

    Miriam Ruiz
    Section Image

  • A

    Seller's Agent in 2016

    Alfredo Ferro

    Envirotek Realty

    (786) 280-4175

    11 in this area

    132 Total Sales

    Alfredo Ferro
    Section Image

  • K

    Seller Co-Listing Agent in 2016

    Karen Ramos

    DK Global Investments LLC

    (786) 233-6931

    3 in this area

    10 Total Sales

    Karen Ramos
    Section Image
  • Christina Fernandez

    Buyer's Agent in 2016

    Christina Fernandez

    ACC Realty, Inc.

    (312) 671-2908

    2 in this area

    68 Total Sales

    Christina Fernandez
    Section Image
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About New Wave

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11463132

MIAMI REALTORS® MLS

APN: 01-3230-080-0140

Florida Miami/Dade County Miami 33137 Edgewater

725 NE 22nd St Unit 7B, Miami, FL

Not Listed for Sale

Condos

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