Edgewater Condo Prices in 2026: New Development Price Ranges Compared

Last Updated: September 2026

New Edgewater condo prices in 2026 run from $440,000 to $55 million, depending on the building. Across the Edgewater projects I cover, HQ Residences is priced $440,000 to $2.2 million, ELLE Residences $585,000 to $1,342,000, Aria Reserve $900,000 to $3 million, and Villa Miami $5.75 million to $55 million. Bayfront position and delivery timing drive most of the spread.

That is a wide range for one neighborhood, and it tells you something about Edgewater right now. The same stretch between downtown and the Design District holds entry-level branded studios, a delivering bayfront twin-tower development and an ultra-luxury tower priced up to $55 million. Below is how the pricing breaks down, what drives it, and how I think about value across these buildings.

How much do new condos cost in Edgewater in 2026?

New condos in Edgewater in 2026 range from about $440,000 for the smallest residences at HQ Residences to $55 million at the top of Villa Miami. Most buyers are shopping in the $500,000 to $3 million band, where HQ Residences, ELLE Residences and Aria Reserve overlap. Villa Miami is a separate ultra-luxury tier, priced $3,000 to $5,500 per square foot.

Here are the published ranges and timelines from the project records I work from. Figures are the current records for each project, not live inventory; prices move as buildings sell.

Why is there such a wide price spread in Edgewater?

The spread comes down to three things: whether a building sits directly on the bay, how large the residences are, and whether you are buying today or years ahead of delivery. Direct bayfront, larger layouts and branded or ultra-luxury service push pricing up. Inland sites, compact floor plans and early pre-construction pricing bring it down.

ELLE Residences shows the compact end: residences from 450 to 855 square feet, delivered fully furnished, with a rental program option. HQ Residences sits a step up, with 229 residences from 723 to 1,598 square feet. Aria Reserve is larger again, from 1,028 to more than 3,000 square feet, and it is on the water. Villa Miami is a different product altogether, with full-floor and half-floor residences, a two-level penthouse with a private pool, and a Major Food Group restaurant and bar.

The other variable is time. A pre-construction price is a price for something that does not exist yet, paid in deposits over the build. A delivering building’s price is for a finished product you can inspect. Those are not the same risk, and they should not be compared as if they were.

What does bayfront cost in Edgewater?

Among the Edgewater projects with published ranges, Aria Reserve is the most accessible way onto Biscayne Bay, at $900,000 to $3 million. Villa Miami, also bayfront, starts at $5.75 million. Cove Miami and LILLI are also on or facing the bay, with pricing available on request. Inland, HQ Residences and ELLE Residences are priced lower.

That gap is the core of the Aria Reserve story. It is a large twin-tower development, 62 stories each, designed by Arquitectonica and developed under The Melo Group. You are not buying a boutique branded experience there. You are buying bay frontage, floor-to-ceiling glass in every residence and more than two acres of amenities at a price point where the numbers still work for an end user or an investor. That is a value play, and it is the right way to think about it.

At Villa Miami, the bay comes with a very different product: half-floor and full-floor residences, a private marina with boat docks, a rooftop helipad and over 20,000 square feet of amenities. The project record is direct about its trade-offs as well, including that general-sales pricing means early discounts are gone and that the unit mix is narrow.

Where does Aria Reserve sit inside its own range?

Aria Reserve’s $900,000 to $3 million range spans several residence types. Panoramic Residences on floors 3 to 56 make up most of the building, SkyView Villas occupy floors 47 to 56, and Penthouse Residences on floors 57 to 59 run 2,930 to 3,289 square feet. Tri-level Penthouse Mansions on floors 60 to 62 are priced on request.

Within that structure, the variables that move price are the ones you would expect: floor height, the line and its exposure, and the size of the layout. The flow-through design gives Panoramic Residences and SkyView Villas bay views to the east and sunset views to the west from the bedrooms, so the view premium is less about which side you are on and more about how high you are. Penthouse Residences add 12-foot ceilings and a private garage vault for up to three vehicles, which is a different product from the residences below.

Because the building is delivering, there is a second layer: developer inventory and resales from original buyers are on the market at the same time. Two similar residences can be priced differently simply because one seller is working to a timeline. That is why I quote Aria Reserve unit by unit rather than off the published range. You can see the residence types on the residences overview.

How do deposit structures compare across Edgewater projects?

Most pre-construction Edgewater projects ask for 40% to 50% in deposits before closing. HQ Residences uses 10% at reservation, contract, groundbreaking, podium and top-off, with 50% at closing. ELLE Residences and Cove Miami use 20/10/10/60 schedules; Villa Miami and LILLI spread four 10% payments before a 60% closing balance. Aria Reserve is delivering, so buyers close on a finished residence.

Here is how each project record lays it out:

• HQ Residences: 10% at reservation, 10% at contract, 10% at groundbreaking, 10% at podium completion, 10% at top-off, 50% at closing.
• ELLE Residences: 20% at contract, 10% at groundbreaking, 10% at top-off, 60% at closing.
• Cove Miami: 20% at contract, 10% 90 days after contract, 10% at top-off, 60% at delivery.
• Villa Miami: 10% at contract, then three further 10% payments on a set schedule, 60% at closing, estimated in 2027.
• LILLI Miami Edgewater: 10% at contract, 10% at 90 days, 10% at groundbreaking, 10% nine months after groundbreaking, 60% at closing.

The deposit schedule is part of the price. Capital committed two or three years ahead of closing earns nothing while it waits. When I compare a pre-construction unit against a finished one like Aria Reserve, I look at the total cash committed, how long it sits, and what the finished product is actually worth when it delivers.

Is Edgewater still good value compared with other Miami neighborhoods?

Edgewater gives buyers bay access and new construction at entry points well below the neighborhood’s ultra-luxury ceiling, and that range is its value. The trade-off, which the project records themselves note, is that Edgewater is improving quickly but is still uneven at street level. You are buying a building and a view today, and a neighborhood that is still filling in.

How I would read the 2026 price map:

• Under $1 million, the choices are compact residences at HQ Residences and ELLE Residences, or the entry residences at Aria Reserve. At Aria Reserve you get more space and the bay, finished; at the others you get a newer product and a staged payment schedule.
• $1 million to $3 million is where Aria Reserve’s larger layouts and the top of HQ and ELLE overlap, and where direct bay frontage becomes the deciding factor.
• Above $5 million, Villa Miami is its own market, with half-floor and full-floor residences and a Major Food Group restaurant and bar.

If you want to go deeper on one building, the Aria Reserve residences overview and the Aria Reserve floor plans cover the product in detail, and the Edgewater neighborhood overview covers the location. For the ultra-luxury end, see Villa Miami; for the lower entry, HQ Residences Miami.

What should buyers do with these numbers?

Use the ranges to decide which tier you are really shopping in, then compare buildings on total cash committed, delivery timing and position on the bay. A published range tells you where a building sits; it does not tell you which specific residences are still available or at what price today.

That second part is where I spend most of my time. Price lists move as lines sell, and at a delivering building like Aria Reserve, resales from original buyers come onto the market alongside any developer inventory. Tell me your budget, the size you need and whether this is a home or an investment, and I will come back with what is actually available across Edgewater at that number. Request current Edgewater pricing or call me at 786-474-9627.

Adrian Sanchez, Founder & Managing Broker, WIRE Miami Over 20 years specializing in Miami’s luxury pre-construction market. Direct developer relationships for preferred pricing and priority access. wiremiami.com • 786-474-9627 • info@wiremiami.com