Building facts
- Address
- 601 NE 27th Street
- Neighborhood
- Edgewater
- Year built
- 2015
- Floors
- 19
- Residences
- 90
- Status
- Completed
- Developer
- MCKafka
- Architect
- IDEA
- Pricing
- Starting at $485,000
Key Takeaways
- 90 residences at 601 NE 27th Street — a genuinely small Edgewater building, made up of 42 one-bedrooms, 40 two-bedrooms and eight three-bedrooms.
- Price per square foot has barely moved in four years — $619 in 2023 against $617 so far in 2026. That is a flat market, not a falling one.
- But transaction volume has collapsed — nine qualified sales in 2023 and ten in 2024, down to three in 2025 and one in 2026 to date.
- The median sale price swings wildly — and it is misleading — $490,000, then $762,500, then $622,500. The per-foot figure shows what is actually happening.
- The median home is 1,154 square feet — with the range running 647 to 1,995 — a real two-bedroom, not a shoebox.
- The 2026 median assessed value is $468,544 — and the highest recorded sale is $1,340,000, in June 2024.
601 NE 27th Street, Miami, Florida 33137 | Neighborhood: Edgewater
Home > Miami Luxury Condos > The Crimson
A small building on a big-building street
Counted against the Miami-Dade County Property Appraiser record on 18 August 2026, The Crimson returns 92 folios, of which 90 are residential homes. There are no commercial units in the building.
Ninety homes makes this one of the smallest buildings I have measured in Edgewater, a neighbourhood whose recent history is towers of four, six and seven hundred units. The practical consequence shows up in the numbers further down this page: in a 90-home building, a normal year produces a handful of sales, so every figure here rests on a small sample and should be read that way.
The mix is 42 one-bedrooms, 40 two-bedrooms and eight three-bedrooms. Heated area runs 647 to 1,995 square feet, with a median of 1,154. That median matters — it is a genuine two-bedroom figure, well above the 550 to 800 square feet typical of the studio-heavy stock elsewhere on this coast.
The 2026 assessed values run $286,592 to $1,104,208, with a median of $468,544.
Four years of almost perfectly flat pricing
Qualified sales from the county record — arm’s-length transactions only.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 9 | $490,000 | $619 |
| 2024 | 10 | $762,500 | $647 |
| 2025 | 3 | $622,500 | $611 |
| 2026 to date | 1 | $735,000 | $617 |
Read the median price column on its own and you would conclude this building rose 56%, fell 18%, then rose 18% again. None of that happened.
Look at the right-hand column instead. Price per square foot went $619, $647, $611, $617. Across four years the total movement is less than half of one percent. What changes between those years is not the value of the building — it is which homes happened to sell. A year in which three-bedrooms trade produces a high median price; a year of one-bedrooms produces a low one. The building underneath is the same.
This is the single most useful thing I can teach a buyer reading condo data: in a building with a wide range of floorplates, the median sale price is close to meaningless. Use the per-foot figure. The Crimson is an unusually clean demonstration, because its per-foot number has held so nearly still while its median price bounced through a $270,000 range.
One caveat I want to be explicit about. 2026 has produced exactly one qualified sale so far. A single transaction is not a trend, and I am not presenting it as one. It is shown because it is the complete record, and because it happens to sit almost exactly where the previous three years sat — which is mildly reassuring, and nothing more than that.
Why so few homes are trading
The more striking number on this page is not price. It is volume.
Nineteen qualified sales across 2023 and 2024. Four across 2025 and 2026 to date. In a 90-home building that is a fall from roughly one home in nine changing hands each year to about one in forty-five.
I will not guess at the cause, because the county record shows transactions and not motives. What I can tell you is the effect, and the effect is what matters if you own here or are thinking of buying.
For a seller, thin volume means your comparable set is thin. With three sales in 2025 and one in 2026, an appraiser or a buyer’s agent working on this building has very little current evidence to price against, and that tends to make offers conservative and negotiations slower.
For a buyer, the same thinness is the opportunity. A flat per-foot trend with almost no competing bidders is a materially better position than a flat per-foot trend in a building where twenty homes a year trade. You are not bidding against a queue.
What thin volume does not mean here is falling value. Those are different things, and they are easy to conflate. On this record the building has held its per-foot price precisely while its liquidity dried up.
Who this building suits
It suits a buyer who wants real space in Edgewater without buying into a tower. At a 1,154 square foot median, in a building of ninety homes, this is a quieter proposition than most of what has been built around it — and the per-foot record says you are not paying a premium for that.
It suits an investor poorly, at least on a short horizon. Four qualified sales in twenty months means an exit here is a project, not a transaction. If you may need your capital back within a couple of years, that is the number to weigh.
If you are selling in The Crimson, my honest advice is to price against the per-foot record rather than the last sale in the building — because depending on which year and which floorplate that last sale was, it may be $270,000 away from being a fair guide to your own home.
Verified 18 August 2026 against the Miami-Dade County Property Appraiser record for 601 NE 27th Street — all 92 folios retrieved individually, then filtered to residential homes, excluding parking, cabana and storage folios. Sale figures are qualified, arm’s-length transactions only. Building age, storey count and amenity detail are deliberately omitted: no primary source has been confirmed for them, and the published figures conflict. Re-check when the next tax roll publishes.
The Crimson — Frequently Asked Questions
How many units are in The Crimson?
The Miami-Dade County Property Appraiser records 92 folios at 601 NE 27th Street, of which 90 are residential homes. The building contains no commercial units. The mix is 42 one-bedrooms, 40 two-bedrooms and eight three-bedrooms.
What size are the residences at The Crimson?
Heated area runs from 647 to 1,995 square feet, with a median of 1,154. That median is a genuine two-bedroom figure and is considerably larger than the studio-heavy stock found in much of the surrounding market.
Are prices rising or falling at The Crimson?
Neither, on the county record. Median price per square foot was $619 in 2023 and $617 so far in 2026 — a total movement of less than half of one percent across four years. The median sale price appears to swing far more, but that reflects which floorplates happened to sell in each year rather than any change in value.
Why does the median sale price move so much if values are flat?
Because the building contains everything from 647 to 1,995 square feet. In a year when three-bedrooms trade, the median price is high; in a year of one-bedrooms it is low. This is why the per-square-foot figure is the more reliable measure in any building with a wide range of floorplates.
How easy is it to sell a home at The Crimson?
Harder than it was. There were nine qualified sales in 2023 and ten in 2024, but only three in 2025 and one so far in 2026 — a fall from roughly one home in nine trading each year to about one in forty-five. Values have held; liquidity has not.
What is the most expensive sale at The Crimson?
$1,340,000, recorded in June 2024. The highest 2026 assessed value in the building is $1,104,208, against a median of $468,544.
Is The Crimson a good investment?
It depends entirely on your time horizon. The per-foot price record is stable, which is a point in its favour, and the low competition means a buyer is not bidding against a queue. But with four qualified sales in the last twenty months, selling is likely to take time. It suits an owner-occupier better than a short-hold investor.
Sources and further reading
Interested in selling in The Crimson?
Learn more about selling your condo in The Crimson with Josh Stein.
Edgewater Condo & Loft Buildings
Edgewater runs along Biscayne Bay between the Venetian Causeway and the Julia Tuttle. Every building below is covered in this series, with its own county sales record:
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- 1800 Club
- Aria on the Bay
- Bay House
- Biscayne Beach
- Blue Condominium
- Cite on the Bay
- City 24
- Edgewater Lofts
- Elysee Miami
- Gallery Art Condominium
- Gran Paraiso
- Icon Bay
- Moon Bay
- New Wave
- One Paraiso
- Onyx on the Bay
- Opera Tower
- Paraiso Bay
- Paramount Bay
- Platinum Condo
- Quantum on the Bay
- The Grand Condos Miami
- Uptown Lofts
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