Search Listings

Register/Login
Contact Us Now
  • Email Us
  • ID: rossmiami
  • Phone: +1 305 788 1220

Onyx on the Bay

Slide thumbnail
Slide thumbnail
Slide thumbnail
Slide thumbnail

Neighborhood: Midtown-Edgewater

Year Built: 2007

# Units: 118

# Floors: 28

# Parking Levels: 5

ROSS100 Condo Index Ranking +

96

out of 100

COST RATING: +

1.62 out of 5

LIFESTYLE RATING: +

2.75 out of 5

Ross’s Comments – What you Need to Know about Onyx on the Bay

While the immediate neighborhood (Edgewater) surrounding Onyx is experiencing a major new wave of residential and commercial development, it still has quite some way to go before fully gentrifying.

Towards the end of the last condo construction boom, Onyx on the Bay was introduced with a massive party, sushi was served on exotic models, and celebrity showings.

Located directly on Biscayne Bay, most loft or flats units offer amazing water views, and with only 5 units per floor, this building is very private and quiet.

The pool area is located on the east side of the tower facing the bay and there is also an eighth floor sunset garden on the west side of the tower.

One of the drawbacks in the design is that many of the terraces facing the bay are shallow and only about 3 to 4 feet deep.

BUILDING QUALITY +

MANAGEMENT +

LOCATION +

RENT FRIENDLY +

ACCESSIBILITY +

FINANCING +

DESIGN & EFFICIENCY +

AMENITIES +

WALKABILITY +

PET FRIENDLY +

PARKING +

SECURITY +

RECENT PRICE/SQ FT $408

RECENT PRICE/M² $4,392   

MAINTENANCE COST/SQ FT $0.75 – $0.99

2 BEDROOM PRICE RANGE (2014-2015) $450,000 – $550,000

CONVERT USD TO YOUR CURRENCY

CONVERT USD TO YOUR CURRENCY Tip: do not include “$” in the text field

Currency conversion tool provided by WP Currency Converter




  

*Conversions are pulled directly from Google Finance. Use this tool as a guideline, please consult with your bank for real-time conversions.

UNIT SIZES  886 – 3,359 sq. ft (82 – 312 m²)

UNIT TYPES  1, 2, 3 and 4 bedrooms

# OF UNITS  118

# OF FLOORS  28

# OF PARKING LEVELS 5

ARCHITECT  Bermello, Ajamil & Partners

DEVELOPER  BAP Development & GGM Developers

PET POLICY  2 pets per unit subject to other restrictions. 

24-Hour Concierge, Valet and Security

Infinity-edged pool and whirlpool

Every unit has a direct bay view

Fitness center with cardio-theater

Poolside barbecue grill and bar

32-seat movie theater

Climate controlled wine cellar

MIDTOWN / EDGEWATER

The trendy areas of Edgewater, Midtown Miami, Wynwood Arts District and the Miami Design District, have quickly emerged as the next center of cultural, arts, commercial and residential growth just outside of the Downtown Miami district.

Major construction is already underway to further transform the Miami Design District into a destination for fashion, design and culture. In 2014, luxury fashion brands such as Givenchy, Miu Miu, Tom Ford, Fendi, and Dolce & Gabbana among others, will be opening in the Design District. The new development will also include buildings by renowned architects Sou Fujimoto, Aranda/Lasch, Iwamoto Scott and Leong Leong.

In what used to be the manufacturing district of Miami, over the past few years local developers have rehabilitated warehouses and other unused buildings into the Wynwood Arts District. Today, Wynwood consists of numerous art complexes, galleries, performing art spaces, restaurants and cafes.

Due to its strategic location and availability of waterfront property, Edgewater is currently realizing the largest growth of these submarket areas with over 2,600 new residential units under construction. According to a study released by the Miami DDA, this is a 67 percent increase over the current size of the market. This, combined with the development opportunities surrounding the Arsht Center for Performing Arts, present the most potential for long-term growth in the Greater Downtown Miami Market.

Based on the historical absorption of new residential units (since 2001) and the anticipated annual delivery of new units, we expect that there will still be considerable residual pent-up demand for new construction condos in the area over the next four or five years.

loading map - please wait...

Onyx on the Bay 25.801341, -80.185704 665 Northeast 25th Street, Miami, FL, United States (Directions)

NOW TRENDING IN ROSS100

#8 PARAMOUNT BAY

#8 PARAMOUNT BAY

#4 ST REGIS

#4 ST REGIS

#1 APOGEE

#1 APOGEE