Opera Tower Homes for Sale

Opera Tower is a waterfront condominium in Miami's Edgewater area, built between 2007 and 2008 along Biscayne Bay. Its residences remain one of the more affordable high-rise options near downtown, with active listings from around $248,000 to $675,000 and a median near $349,000, covering studios and one- and two-bedroom layouts. The building offers bay views and resort-style amenities, and its Edgewater location keeps residents minutes from downtown Miami, the Design District, and the Adrienne Arsht Center.

Pure Equity Realty covers Opera Tower 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 46 Opera Tower Miami homes for sale as of October 2026. The median asking price is $340,000. Asking prices run from $255,000 to $675,000.

That is 47% below the Miami median of $645,000. On a per-foot basis, homes here ask about $478 per square foot, compared with $509 across Miami. So the median price buys roughly 700 square feet of living area.

Listings here have averaged 186 days on the market. That is slower than the Miami average of 144 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Opera Tower date from 2007 to 2008. That puts them between 18 and 19 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.

Opera Tower 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.

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

Rentals in Opera Tower have a median asking rent of $3,050 per month, across 46 active rental listings. That is close to the Miami median of $3,000.

For investors, those medians imply a gross yield near 10.8% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

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

Here is what the median Opera Tower price means in Florida closing terms. At $340,000, a 20% down payment comes to about $68,000, leaving a loan near $272,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $952. Next, the intangible tax of 0.2% adds about $544. 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 $2,040 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 Opera Tower 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.