Edgewater

Miami, FL

Neighborhood Market Analysis

Q3 2025 Report
$900,000 (condos, Q2 2025)
Median Home Price
87 (Very Walkable)
Walkability Score
Public schools are average (C–B range); most families opt for private or magnet programs.
School Rating

Location Overview

Neighborhood Boundaries

Edgewater is bordered by NE 17th Terrace to the south, NE 36th Street to the north, Biscayne Bay to the east, and Biscayne Boulevard (US-1) to the west.

Zip Codes

33137

Market Data Summary

Price Range$600,000–$7,500,000+ (luxury penthouses)
Price per Sq Ft$900–$1,400/sq ft (new construction, bayfront)
Inventory LevelsLow to moderate; new towers are selling out pre-construction, and resale inventory is limited, especially for waterfront units.

Property Characteristics

Home Types & Architecture

Home Types

High-rise condosMid-rise condosLuxury penthousesTownhomes (limited)

Architectural Styles

Contemporary glass towersModernist (Kobi Karp, Arquitectonica)Eco-friendly/LEED-certified designs

Property Details

Typical Lot SizesCondos: N/A; Townhomes: 1,500–2,500 sq ft lots (rare)
Home Age Range2010–2026 (majority built after 2010; several new towers delivering 2025–2026)
Construction QualityHigh-end, luxury finishes; top-tier appliances; floor-to-ceiling windows; private elevators in premium units.

Community Profile

Demographics & Lifestyle

Demographics

Predominantly young professionals, affluent couples, international buyers, and empty nesters. Diverse, cosmopolitan, and highly educated population.

Community Vibe

Trendy, upscale, urban, and vibrant. Strong sense of exclusivity with a focus on luxury and waterfront living.

Typical Residents

  • Young professionals
  • International buyers
  • Empty nesters
  • Affluent couples

Family Friendly

Moderate; more suited to singles, couples, and empty nesters, though some newer towers offer kid-friendly amenities.

Amenities & Lifestyle

Parks & Recreation

  • Margaret Pace Park (bayfront, dog-friendly, tennis courts)
  • Baywalk (under development)
  • Waterfront promenades

Dining Options

  • High-end restaurants (Major Food Group, Carbone)
  • Trendy cafés
  • Rooftop bars

Shopping Centers

  • Shops at Midtown Miami (5 min drive)
  • Design District (luxury retail, 10 min drive)

Local Businesses

  • Boutique fitness studios
  • Cafés and bakeries
  • Art galleries

Education & Schools

Public schools are average (C–B range); most families opt for private or magnet programs.
Overall School Rating

Elementary Schools

  • Phyllis Wheatley Elementary

Middle Schools

  • Jose de Diego Middle School

High Schools

  • Booker T. Washington Senior High

Private Schools

  • Miami Country Day School (nearby)
  • St. Patrick Catholic School

Transportation & Accessibility

Transit & Roads

Public Transit

  • Metrobus (multiple routes)
  • Metromover (Adrienne Arsht Center station nearby)

Major Roads

  • Biscayne Boulevard (US-1)
  • I-195 (Julia Tuttle Causeway)

Commute & Walkability

Commute Times10 min to Downtown/Brickell; 15 min to Miami Beach; 20 min to Miami International Airport.
WalkabilityExcellent for daily needs; most errands can be accomplished on foot.
ParkingGarage parking in most buildings; street parking is limited and competitive.

Marketing Intelligence

Target Buyer Types

  • Affluent professionals
  • International investors
  • Empty nesters
  • Luxury lifestyle seekers

Key Selling Points

  • Waterfront lifestyle
  • Brand-new luxury towers
  • Resort-style amenities
  • Walkability to parks and dining

Pricing Considerations

Premium pricing justified by location, amenities, and new construction; price per sq ft higher than most Miami neighborhoods except Brickell and South Beach.

Common Objections & Response Strategies

Objection: High HOA fees

Response Strategy:

Detail included amenities (concierge, security, pools, fitness, clubrooms) and compare to similar luxury towers in Miami.

Objection: Construction noise/disruption

Response Strategy:

Emphasize long-term value, new infrastructure, and projected completion dates; highlight quieter units away from active sites.

Objection: Average public schools

Response Strategy:

Point out proximity to top-rated private schools and magnet programs; highlight family-friendly amenities in newer towers.

Objection: Flood risk

Response Strategy:

Explain new construction’s elevated design, flood mitigation features, and building resilience standards.

Investment Insights

Investment Potential

Appreciation Potential

High; driven by luxury development, limited waterfront land, and strong demand from domestic and international buyers.

Rental Demand

Very strong, especially for furnished units and short-term rentals (where permitted).

Buyer Competition

Intense for new construction and bayfront units; moderate for older resales.

Best For

  • Luxury buyers
  • Investors seeking appreciation
  • International buyers
  • Young professionals

Potential Concerns

  • Rising HOA fees
  • Construction disruptions
  • Flood insurance costs

Professional Recommendations

1

Focus on new construction and pre-construction opportunities for best appreciation potential.

2

Highlight lifestyle amenities and walkability in marketing materials.

3

Educate buyers on HOA/insurance costs and mitigation strategies.

4

Network with international brokers and leverage multilingual marketing.

5

Stage listings to maximize bay views and showcase luxury finishes.

Competitive Analysis

Comparable Markets

  • Brickell
  • Downtown Miami
  • Miami Beach (South of Fifth)

Market Positioning

Edgewater is positioned as Miami’s next premier luxury waterfront enclave, appealing to buyers seeking exclusivity, modern amenities, and proximity to arts and culture.

Competitive Advantages

  • Direct bayfront access
  • Newer, ultra-luxury inventory
  • Quieter and more residential than Brickell

Price Comparison

Edgewater’s price per sq ft is slightly below Miami Beach’s top-tier condos but above Downtown and Midtown Miami.

Investment Metrics

3.5%–4.5% (luxury condos, 2025)
Cap Rates
4%–6% (short-term/furnished units)
Rental Yields
22–25 (reflecting luxury segment)
Price-to-Rent
Positive for furnished rentals; neutral to slightly negative for long-term unfurnished due to high HOA/insurance.
Cash Flow
5%–8% annualized through 2027, driven by luxury demand and limited supply.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to high entry price; best suited for affluent first-timers or those with significant down payments.

Move-Up Buyers

Ideal for those upgrading from Midtown or Downtown seeking luxury and waterfront views.

Downsizers

Attractive for empty nesters seeking low-maintenance, amenity-rich living.

Investors

Strong rental demand and appreciation; best returns on furnished, short-term eligible units.

Relocators

Popular with international and out-of-state buyers seeking Miami luxury lifestyle.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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