Building facts
- Address
- 600 NE 27th Street
- Neighborhood
- Edgewater
- Year built
- 2015
- Floors
- 38
- Residences
- 165
- Status
- Completed
- Developer
- Melo Group
- Architect
- Carlos Melo
- Pricing
- Starting at $895,000
Key Takeaways
- Bay House is a three-bedroom building, almost exclusively. 158 of its 165 residences are three-bedrooms — a mix I have not found in any other Edgewater tower measured this way.
- Median floorplate is 1,505 square feet, running from 1,168 to 3,207 — genuinely family-sized in a neighbourhood built mostly of studios and one-bedrooms.
- No commercial folios at all. This is a purely residential association, unlike the mixed-use complexes nearby.
- Values have declined in an orderly, consistent way — $607, $596, $560, $535 per square foot across 2023–2026, about 12% total, with no single sharp drop.
- The 2026 median assessed value is $637,246.
- Volume is falling but steady — 14 qualified sales in both 2023 and 2024, 10 in 2025, 5 so far in 2026.
600 NE 27th Street, Miami, Florida 33137 | Neighborhood: Edgewater
The most unusual unit mix in Edgewater
Counted against the Miami-Dade County Property Appraiser record on 17 August 2026, Bay House returns 166 folios, of which 165 are residential and none are commercial.
The composition is the story. 158 of those 165 residences are three-bedrooms. There are four two-bedrooms, one four-bedroom and two six-bedroom residences, and no studios or one-bedrooms at all.
That is genuinely rare. Edgewater’s towers are overwhelmingly built of studios and one-bedrooms aimed at renters and investors — the buildings immediately around it run 50% to 80% one-bedroom-and-below. Bay House does the opposite.
Floorplates follow: 1,168 to 3,207 square feet, median 1,505. The median home here is larger than the largest home in several nearby towers.
A slow, orderly decline — not a collapse
Qualified sales only — arm’s-length transactions on the county record, with quitclaims and non-market transfers excluded.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 14 | $902,500 | $607 |
| 2024 | 14 | $857,500 | $596 |
| 2025 | 10 | $835,000 | $560 |
| 2026 to date | 5 | $805,000 | $535 |
What stands out here is how even the decline is. Median price steps down $902,500 → $857,500 → $835,000 → $805,000. Price per square foot steps down $607 → $596 → $560 → $535. Neither column has a single sharp break in it.
That consistency is worth something. A building in distress produces a jagged record — a couple of forced sales well below the rest, then a gap. Bay House produces a straight line of about 12% over three years, which reads as a market repricing rather than owners capitulating. Volume falling from 14 to 5 supports the same reading: fewer people are choosing to sell, not more.
The usual caveat applies to the 2026 row — five sales, an incomplete year, and county records that lag recorded deeds.
What it means to be the family building
Because Bay House is where the three-bedroom inventory is, it competes on a different axis from its neighbours. A buyer choosing between Bay House and the tower next door is usually not comparing price per foot at all — they are comparing whether the building has anything they can actually live in with a family.
That has two consequences. It insulates the building somewhat from the studio-and-one-bedroom oversupply that weighs on Edgewater pricing generally. It also means the buyer pool is smaller and more specific: people who want space on the bay, in a purely residential association, and who are not shopping on yield.
Who this building suits
This is for an owner-occupier who wants real square footage on Biscayne Bay without moving to a single-family neighbourhood, and who values a residential-only association with no hotel or retail operating inside it.
It suits a yield-focused investor far less well. Three-bedroom units carry higher carrying costs and rent to a thinner tenant pool than the one-bedrooms that dominate the neighbourhood.
If you are selling here, price against the per-square-foot trend rather than against last year’s headline sale. The record shows a steady 12% repricing over three years, and a buyer with access to the same public data will know it.
Verified 17 August 2026 against the Miami-Dade County Property Appraiser record for 600 NE 27th Street — all 166 folios retrieved individually, then filtered to dwelling-sized residential units before any figure here was calculated. Building age and storey count are omitted: published sources conflict and none has been confirmed against a primary record. Re-check when the next tax roll publishes.
Bay House Miami — Frequently Asked Questions
How many units are in Bay House Miami?
The Miami-Dade County Property Appraiser records 166 folios at 600 NE 27th Street, of which 165 are residential condominium units. There are no commercial condominium folios.
What size are the residences at Bay House?
Heated area runs from 1,168 to 3,207 square feet with a median of 1,505. The building is 158 three-bedrooms, four two-bedrooms, one four-bedroom and two six-bedroom residences — there are no studios or one-bedrooms.
What do condos at Bay House sell for?
Qualified county sales show a median of $805,000 so far in 2026 at $535 per square foot, down from $835,000 and $560 in 2025. The 2026 figure rests on five recorded sales in an incomplete year.
Have values fallen at Bay House?
Yes, by roughly 12% over three years — $607 per square foot in 2023 to $535 so far in 2026. The decline has been unusually even, stepping down each year with no sharp break, which reads as market repricing rather than distressed selling.
Why is Bay House mostly three-bedroom units?
The county record simply shows that composition — 158 of 165 residences. It makes the building unusual for Edgewater, where surrounding towers are dominated by studios and one-bedrooms, and it means Bay House holds most of the family-sized inventory in the immediate area.
Is Bay House good for investors?
Less so than its neighbours. Three-bedroom homes carry higher costs and rent to a narrower tenant pool than the one-bedrooms that dominate Edgewater, so the building suits owner-occupiers more naturally than yield buyers.
Sources and further reading
Interested in selling in Bay House?
Learn more about selling your condo in Bay House with Josh Stein.
Edgewater Condo & Loft Buildings
Related coverage
Part of Miami Luxury Condos.