Luxury condominiums in Edgewater: prices, rent and yield

Luxury in South Florida › Edgewater

The waterfront strip between Downtown and the Design District, rebuilt almost entirely in the last fifteen years. Newer stock than Brickell, more of it directly on Biscayne Bay, and a shorter walk to the water.

The numbers

Price, price per square foot, days on market, months of supply and the sale-to-list ratio: Redfin Data Center, July 2026. Typical rent: Zillow. Gross yield and the estimated tax are our own arithmetic — rent times twelve over the median price, and the county’s official millage from the Florida Department of Revenue applied to the area’s median value with the homestead exemption. We calculate the yield rather than importing it so that this page and our market statistics can never disagree. Refreshed every month.

What it does well

It carries the highest price per square foot of the nine — you are paying for new construction and for the bay. The rent it commands is close to Brickell’s, but on a higher price, which is why the yield lands below it.

What to check before you offer

Edgewater is where deliveries have been concentrated, so ask what else is completing within three blocks in the next two years. New supply next door is the risk that does not show up in this month’s numbers.

How it compares

Across the nine South Florida luxury submarkets we track, Edgewater ranks 7th on gross yield. The best of the nine is North Beach at 7.51%; the whole comparison is on the luxury overview, and every Florida area we measure is on the market statistics page.

The other submarkets