New Wave Homes for Sale

New Wave Condo is a waterfront community in Miami, Miami-Dade County, Florida. Active listings are priced from $565,000 to $1,200,000. Homes were built starting 2006. Pure Equity lists homes in New Wave and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers New Wave and the Miami area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 7 New Wave Miami homes for sale as of October 2026. The median asking price is $649,000. Asking prices run from $525,000 to $1.15M.

That sits close to the Miami median of $645,000. On a per-foot basis, homes here ask about $705 per square foot, compared with $509 across Miami. So the median price buys roughly 900 square feet of living area.

Listings here have averaged 89 days on the market. That is faster than the Miami average of 144 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in New Wave date from 2006, so they are about 20 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

New Wave includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

New Wave is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in New Wave have a median asking rent of $4,850 per month, across 2 active rental listings. For comparison, the Miami median is $3,000, so rents here run 62% higher.

You can browse current Miami rentals or ask us for a rent estimate on a specific New Wave home.

Here is what the median New Wave price means in Florida closing terms. At $649,000, a 20% down payment comes to about $130,000, leaving a loan near $519,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,817. Next, the intangible tax of 0.2% adds about $1,038. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $3,894 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent New Wave listings show assignments to Phillis Wheatley (elementary), Jose De Diego (middle) and Booker T. Washington (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.