Located in Miami's Edgewater neighborhood, 23 Biscayne Bay is an 18-story condominium building developed by Melo Group. Completed in 2012, it offers 96 condo residences ranging from 663 to 1,876 square feet with breathtaking views of Biscayne Bay, Downtown Miami, and Miami Beach. Amenities include a bay-view pool deck, covered parking, elevators, bicycle storage, a fitness center, and a social room. Situated at 601 NE 23rd Street, residents enjoy proximity to Publix, restaurants, and banks along Biscayne Boulevard. Wynwood Miami, Midtown Miami, the Miami Design District, South Beach, and the Miami International Airport are all easily accessible within a short drive.
Financing a unit in this building: down payment minimums, how buyers are reviewed, and any special assessment.
Down payment
Primary 3% · Second home 10% · Investment 15%
Lender review
Full review
Right of first refusal
Status unknown — contact HOA to confirm if they hold purchasing rights
SIRS & structural compliance
✓SIRS required for this buildingYes — 18 floors
✓SIRS study completedYes
✓Reserve study reported to the stateYes
Phase 1 milestone inspectionNot verified
40-year recertificationNot verified
Permits
Permits not yet researched for this building.
Reviews & reputation
4.1
out of 5 across 31 Google reviews
Mixed. Built 2013 by Melo Group, 96 units. Serious ongoing complaint: adjacent twin-tower construction by the same ownership group has blocked previously unobstructed bay views, closed pool access, and created constant construction noise since early morning -- multiple residents describe this as significantly reducing the building's value and livability. Also a report of flooding issues outside the building. Building is largely used for short-term/transient rentals per one reviewer.
Summaries are synthesized by Allioo from public review signals, not direct quotes from residents.
Market
Median sold price
$550,000
4 units sold · limited data
Median sold $/sqft
$417
June 2026
Median rent
$3,750
As of April 2026
By bedroom count
Unit typeAs ofMedian soldSale $/sqftUnits sold
Studio————
1 bedAugust 2025$370,000$5583 · limited
2 bedApril 2026$555,000$4843 · limited
3 bedJune 2026$550,000$4233 · limited
Sold figures are from the Miami-Dade Property Appraiser. Each unit type uses the three most recent months with recorded sales. Median rent is from the MLS and may be delayed. Full stats
Frequently asked questions
Units at 23 Biscayne Bay have a minimum lease duration of twelve (12) months. · 12 months minimum
The condominium fees at 23 Biscayne Bay include water, sewer, trash removal.
SIRS is required (3+ stories): Yes. Study completion and state reporting — verify with the HOA before closing.
Review type: ["Full Review"]. Typical primary residence minimum shown: 3%. Actual requirements vary by lender and loan program.
Status unknown — contact HOA to confirm if they hold purchasing rights
Property manager not on file with Allioo. Association direct line: 305-573-1333.
Data on this page is for informational purposes only and may be outdated or inaccurate. Confirm fees, rules, SIRS status, and other details directly with the building association before you buy or lease.
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