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    Edgewater Real Estate - Neighborhood details, listings & statistics
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    Edgewater Real Estate

    Neighborhood Location

    Neighborhood Description

    Edgewater is ideally located between the busy residential and districts of Brickell / Downtown Miami and the more artistic and fashionable neighborhoods of Wynwood, Midtown and the Design District.

    In the last couple of years Edgewater has undergone a complete change; from an area that nobody was paying attention to or even heard about to Miami’s most booming area and the home of a handful of brand new luxury condos.

    Edgewater real estate has been booming big time. The community has been very sought-after because of its bayf ront location. While Brickell and Downtown’s waterfront lots were already occupied, investors saw potential in Edgewater for the next wave of luxury urbanization. Developers from all over the world snapped up land to build new waterfront luxury projects in this funky neighborhood near downtown.

    High Average Price Per SF
    Median Price Per SF
    Low Average Price Per SF

    Neighborhood News

    Average $/SqFt

    • Available Sales$611/SqF
    • Available Rentals$3.13/SqFt
    • Closed Sales (In the past 6 months)$423/SqFt
    • Closed Rentals (In the past 6 months)$2.71/SqFt

    Inventory Percentages

    • Available Sales64.5%
    • Available Rentals35.5%
    • Months of Inventory sales92.8
    • Months of Inventory rentals8.9

    Among these brand new luxury condos in the Edgewater area we find:

    • The Paraiso project: The master Paraiso project consists of 4 condo towers and 8 exclusive bay homes on a five-acre waterfrontcomplex with 500 Linear Ft of water frontage. The project comes with amazing amenities like luxurious pool decks, tennis Courts and membership to the exclusive Michael Schwarz Beach Club and Restaurant. Besides the amenities the Paraiso Project will have a private Marina for its residents and a board walk will be created. Condos in this project are:
    • The Bay homes at Paraiso (8 exclusive townhomes)
    • Biscayne Beach: Biscayne Beach is a 399-unit luxury condominium tower being developed by a joint venture between Eastview Development and GTIS partners in Miami’s East Edgewater neighborhood. Upon completion in 2016, the 51 story high-rise, directly on the water. Biscayne beach will boast Miami’s first man-made beach club fronting Biscayne Bay.
    • Icon Bay: The first condo to be announced in Edgewater and one of Related’s flagship Icon condos. With amazing unobstructed bay waterfront views from all 300 units, Icon Bay will rise 40 stories above the bay. Icon Bay will feature private elevators and foyers, 9 foot ceilings, and floor to ceiling hurricane resistant windows.
    • Elysee: Rising 57 stories directly from the shores of Biscayne Bay, Elysee Miami sets a new standard for refined luxury with its masterful confluence of design, luxury and waterfront location.With only 100 residences (no more than two per floor), Elysee maintains the intimacy and sophistication of living in a boutique-style building. And since Elysee has the unique distinction of being directly on the waterfront, every residence will forever have unobstructed, breathtaking water views.
    • Missoni Baia – The latest condo to be announced in Edgewater. Located on more than 2.5 acres on Biscayne Bay, the stunning Missoni Baia will be a 56-story residential tower designed by acclaimed Asymptote Architecture. Missoni Baia will only have 146 exclusive luxury residences that will range in size from approximately 2,400 to 3,500Sq.Ft (under AC) with only 3 residences per floor

    With waterfront land and properties in Miami becoming scarce, the value of these properties are increasing. Besides the waterfront location and the brand new properties, buyers appreciate the location between the booming areas of Midtown and Downtown and the proximity to the striving arts, fashion and fine dining scene in Design District and Wynwood areas.

    These blogs focus on real estate in Edgewater Fl. The information provided on Edgewater Condos is of great importance for those interested in investing in real estate in Edgewater as it provides the reader with excellent market information and analytics on new condos, prices per Sq.Ft and comparisons with other neighborhoods.

     

    For more information on Edgewater Fl real estate please contact the David Siddons Group. We will be more than happy to help you buy or sell your Edgewater Florida Real Estate 

    +1.305.508.0899 | Siddons.d@ewm.com

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    THE 2018 MIAMI REAL ESTATE REPORT

    EX-STOCKBROCKER’S ANALYSIS OF THE MIAMI MARKET

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