About New Wave
Designed by Kobi Karp Architecture & Interior Design
New Wave is a bayfront condominium tower at 725 NE 22nd Street, designed by Kobi Karp Architecture & Interior Design and completed in 2006. It holds 78 residences, one- and two-bedrooms plus penthouses, with direct bay views and impact-rated floor-to-ceiling glass. Sources give 19 or 20 stories, and MLS records most often show 20. Listings mention a waterfront lap pool and a bayfront fitness center. Some sites say Kobi Karp developed it, while another names the builder differently, so we state only the architect.
It sits on Biscayne Bay in Edgewater, a short drive from the Arsht Center, Downtown and Midtown. Because it is not a new building, review the association’s reserves, assessments and milestone-inspection status before you buy.
Building Fees & Assessments
MLS listings for New Wave have shown a median association fee around $1.42/sqft/month -- shown per square foot, not as a flat dollar figure, since that's comparable across unit sizes rather than skewed by whichever units happen to be listed right now. This is a point-in-time reference, not a live figure, and can change over time. Confirm the current fee for a specific unit before making an offer.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Rental Potential
See the live "Monthly rental from" figure above for New Wave's current lowest asking rent, and the market snapshot's closed-lease count and median rent for actual rental demand over the trailing 12 months -- both update automatically, unlike a number written here. Specific rental rules -- minimum lease term, rentals allowed per year, and whether short-term/Airbnb-style rentals are permitted -- are set by the condo association and vary by building. Verify current rental restrictions directly with the association before buying as an investment.
Frequently Asked Questions
Is New Wave pet-friendly?
New Wave does not generally allow pets. Verify current pet policy directly with the building association before purchasing.
Can I rent out my unit at New Wave?
Long-term rentals are generally permitted at New Wave, though minimum lease terms and any short-term rental restrictions vary by building. Verify the current rental policy directly with the association before purchasing as an investment.
Where is New Wave?
At 725 NE 22nd Street on Biscayne Bay in Edgewater, a short drive from the Arsht Center, Downtown and Midtown.
Who designed New Wave?
Kobi Karp Architecture & Interior Design is credited as architect. Sources disagree on who developed it, so we do not state a developer.
How many units does New Wave have?
About 78 residences, one- and two-bedrooms plus penthouses.
Reviewed by Carlos Olivares, FL License #3051724. Last updated October 2026.
