Those new condo buildings in Edgewater seem have filled up pretty fast, at least judging by the number of lights on at night.
Newly completed buildings include Bay House (opened 18 months ago), Icon Bay (opened 16 months ago), and Biscayne Beach (opened 6 months ago).
All seem to have more lights on at night compared to the better established and highly valuable South of Fifth neighborhood (which has a high percentage of absentee owners).
At the 391 unit Biscayne Beach, there are 81 units listed for sale on the MLS, ranging from $480,000 to $4.7 million.
At the 300 unit Icon Bay, there are 53 units listed for sale on the MLS, ranging from $446,000 to $2.2 million.
At the 181 unit Bay House, there are 35 units listed for sale on the MLS, ranging from $590,000 to $2.5 million.
The market will soon face a much bigger test, with deliveries at Melo’s 648-unit Aria on the Bay and Related’s Paraiso Bay complex (with nearly 1,500 units) beginning soon.