South Florida New Construction · Edgewater · The Cove Residences
134 residences across 40 floors.
By Josh Stein · Florida license SL3057661 · Updated 8 October 2026Leer en español →
6 condos for sale at The Cove Residences, average list price $1,120.13 per sq ft (total list price ÷ total sq ft).
- Asking range$795,000 to $3,595,000
- List price per sq ft$1,120.13
Listing information is deemed reliable but is not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Data is supplied by the MLS and may be subject to change or withdrawal without notice.
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Key facts about The Cove Residences
| Address | 456 NE 29th Street, Miami FL 33137 |
|---|---|
| For sale now | 6 |
| Pending | 1 |
| List price range | $795,000 to $3,595,000 |
| Size | 868 to 2,763 sq ft |
| Bedrooms | 1 to 4 BR |
| List price per sq ft | Average $1,120.13, low $916, high $1,301 |
| Monthly HOA | $1,053 to $3,547 |
| Year built | 2028 |
| Amenities | Billiard Room, Business Center, Cabana, Clubhouse, Elevators, Fitness Center, Hobby Room, Maintenance Grounds, Management, Parking, Playground, Pool, Putting Greens, Sauna, Spa Hot Tub, Storage |
| Neighborhood | Miami |
Residences at The Cove Residences
| Bedrooms | For sale | Size (sq ft) | List price | Avg $/sq ft |
|---|---|---|---|---|
| 1 | 1 | 868 | $795,000 | $915.90 |
| 2 | 2 | 1,231 to 1,472 | $1,285,000 to $1,605,000 | $1,069.18 |
| 3 or more | 3 | 2,142 to 2,763 | $2,300,000 to $3,595,000 | $1,163.82 |
Verified 24 September 2026The Real Deal, Florida YIMBY, PROFILEmiami +17 more20 sources
The Cove Residences, Edgewater Miami — exterior at sunset viewed from the water, developer rendering
The Cove Residences, Edgewater Miami — building entrance and arrival drive, developer rendering
The Cove Residences, Edgewater Miami — primary bedroom with bay view, developer rendering
The Cove Residences, Edgewater Miami — open kitchen and living area, developer rendering
The Cove Residences, Edgewater Miami — outdoor terrace lounge at sunset, developer rendering
The Cove Residences, Edgewater Miami — bedroom interior facing floor-to-ceiling glass at sunset, developer rendering
The Cove Residences, Edgewater Miami — rooftop infinity pool overlooking the bay, developer rendering
The Cove Residences, Edgewater Miami — private wine room amenity, developer rendering
The Cove Residences, Edgewater Miami — lounge interior with bay view, developer rendering
Key Takeaways
- 134 residences across 40 floors — on an assemblage at 456, 480 and 496 NE 29th Street (The Real Deal, 2 September 2025; PROFILEmiami, 24 March 2026).
- Status: under construction — groundbreaking announced 20 March 2026 (developer release, published by Resident; The Real Deal, 17 March 2026). The county still lists all three parcels as vacant land (retrieved 24 September 2026), and I have not found a source that reports vertical work.
- Developed by SB Development Group and Hazelton Capital Group; general contractor Kaufman Lynn Construction (Florida YIMBY, 22 March 2026).
- Architecture by Kobi Karp Architecture, with interiors by Dieguez Fridman (developer’s website, read 24 September 2026).
- Completion: anticipated 2028 (The Real Deal, 17 March 2026; PROFILEmiami, 24 March 2026). The June 2023 launch timetable pointed to late 2026 (The Real Deal, 7 June 2023).
- Pricing: from $795,000 for one- to four-bedroom residences on the developer’s website (read 24 September 2026); starting prices in the $900,000s were reported in March 2026 (Florida YIMBY, 22 March 2026). The $1.3 million figure dates from the June 2023 launch. Prices can change without notice; confirm current availability.
- Bought pre-construction at The Cove Residences? — before closing, a sale is usually an assignment of your purchase contract, and whether that is allowed depends on its assignment clause; after closing it is an ordinary resale. Ask Josh what your unit could sell for at delivery on WhatsApp.
The Cove Residences, by the numbers
Developers: SB Development Group, Hazelton Capital Group · Architect: Kobi Karp Architecture · Interiors: Dieguez Fridman · From $795,000 (developer’s website, 24 September 2026); $900,000s reported in March 2026 (Florida YIMBY, 22 March 2026).
The Cove Residences broke ground in March 2026, roughly 22 months later than promised — a 40-story, 134-residence waterfront tower at 456 NE 29th Street in Edgewater by SB Development and Hazelton Capital Group. Delivery moved from late 2026 (The Real Deal, 7 June 2023) to 2028 (The Real Deal, 17 March 2026). The developer’s website lists one- to four-bedroom residences from $795,000 (read 24 September 2026).
It is financed — a $170 million construction and land loan from Bravo Property Trust closed in September 2025 — which puts it ahead of the fourteen towers in our tracker’s 4 August 2026 edition that have no reported construction loan. But the project was reported as only 30 to 40 percent presold when the loan was announced, and the developer was candid about how hard it was. Both facts are below, dated.
The Cove Residences — Building Facts
- Address
- 456, 480 and 496 NE 29th Street, Miami, FL 33137 (three parcels; the developer’s website gives 456, its fact sheet 496)
- Neighbourhood
- Edgewater — waterfront
- Developers
- SB Development (Joseph Stern) · Hazelton Capital Group
- Architecture
- Kobi Karp Architecture & Interior Design; interiors by Dieguez Fridman
- Owner Of Record
- Edgewater Owner LLC, all three parcels (Miami-Dade County, 24 September 2026)
- General Contractor
- Kaufman Lynn Construction
- Stories
- 40
- Residences
- 134 (announced as 116 at the June 2023 sales launch)
- Residence Mix
- One- to four-bedroom. Interior area per the developer’s fact sheet, approximate: one-bedroom 868 sq ft; two-bedroom 1,231–1,472; three-bedroom 2,142–2,304; four-bedroom 2,763
- Land Basis
- Three parcels, 26,880 sq ft, bought for $12.2M (county deeds dated 7 and 8 July 2021; reported by The Real Deal on 11 August 2021)
- Construction Loan
- $170M · Bravo Property Trust, September 2025
- Presold, September 2025
- 30–40% (The Real Deal, 2 September 2025); no newer figure found
- Sales
- Eklund | Gomes Team at Douglas Elliman (previously OneWorld Properties)
- Sales Launch
- June 2023 — relaunched March 2026
- Promised Groundbreaking
- Q2 2024
- Actual Groundbreaking
- March 2026 (announced 20 March 2026) — roughly 22 months late
- First Promised Delivery
- Late 2026 (about 30 months after a Q2 2024 start, per The Real Deal, 7 June 2023)
- Current Delivery
- 2028 — one documented slip
- Pricing
- From $795,000 (developer’s website, 24 September 2026); $900,000 to $4 million reported in September 2025 (The Real Deal); the June 2023 launch started at $1.3 million
- Status
- Under construction — groundbreaking announced 20 March 2026; I have not found a report of vertical work as of 24 September 2026
Verified 24 September 2026 against The Real Deal, Florida YIMBY, PROFILEmiami, the developer’s website and fact sheet, and the Miami-Dade County Property Appraiser. Florida YIMBY reported a 2027 delivery in December 2025, conflicting with The Real Deal’s 2028 both before and after; the 2028 figure is used and the conflict noted. I have not found a published price list; the prices above are the developer’s website and press reports, and the developer states that prices can change at any time without notice.
Have a question about The Cove Residences? This page is built from the county record and the trade press, not a listing feed. If you want what has actually closed here, or an honest read on whether it suits you, ask me directly.
What is actually being built at The Cove Residences?
A 40-story waterfront tower holding 134 residences on an assemblage at 456, 480 and 496 NE 29th Street, bought in July 2021 for $12.2 million (county deeds dated 7 and 8 July 2021; The Real Deal reported the purchase on 11 August 2021). The developers are SB Development, led by Joseph Stern, with Hazelton Capital Group. Kaufman Lynn Construction is the general contractor.
The unit count grew from 116 at the June 2023 sales launch to 134. If you reserved in 2023, the building has since added eighteen homes — worth checking what that did to your floor plate, your view line and the association budget per unit.
The developer’s fact sheet lists one-bedroom residences at 868 square feet, two-bedrooms at 1,231 to 1,472, three-bedrooms at 2,142 to 2,304 and four-bedrooms at 2,763 (interior area, approximate). The June 2023 launch coverage described two- to four-bedroom residences only (The Real Deal, 7 June 2023), so the one-bedroom does not appear in the launch coverage.
The 22-Month Delay
At the June 2023 sales launch, the developers said they would break ground in Q2 2024 and that construction would take about 30 months — late 2026 (The Real Deal, 7 June 2023). Florida YIMBY reported the same launch as 18 months of construction, citing the South Florida Business Journal (14 June 2023).
Ground actually broke in March 2026: The Real Deal reported on 17 March that construction would start later that month, and the developer’s release announcing the groundbreaking was published on 20 March. That is roughly 22 months past the promised start (the developer gave a quarter, not a date, so the figure is measured from mid-quarter; from the quarter’s edges it is 21 to 24 months), and delivery has moved to 2028.
There is a wrinkle in the record worth flagging. The Real Deal reported 2028 in September 2025 and again on 17 March 2026, days before the groundbreaking announcement. In between, Florida YIMBY reported 2027 in a December 2025 roundup of Edgewater projects. I have counted the delivery date as one slip, not two: every source I found dated after December 2025 says 2028 (The Real Deal, 17 March 2026; Florida YIMBY, 22 March 2026; PROFILEmiami, 24 March 2026; South Florida Agent Magazine, 8 May 2026), so if someone quotes you 2027, ask where it comes from.
The March 2026 event was also billed as an official sales launch (developer release, 20 March 2026), nearly three years after the June 2023 sales launch, and it came with a new sales team and a new sales gallery at 2935 Biscayne Boulevard. It is a second launch, not the first.
The Financing, and What It Cost
In September 2025 the developers closed a $170 million construction and land loan from Bravo Property Trust, an affiliate of Bravo Capital led by Aaron Krawitz (Florida YIMBY, 3 September 2025; The Real Deal, 2 September 2025). Florida YIMBY (22 March 2026) and PROFILEmiami (24 March 2026) also name IDB in the financing.
The project was reported as only 30 to 40 percent presold when the loan was announced. For context, the releases behind the loan coverage put Baccarat Miami at more than 95 percent presold (The Real Deal, 29 March 2024), the Ritz-Carlton Residences Pompano Beach at more than 90 (26 December 2023) and Bentley Residences at more than 50 (5 November 2025). The Real Deal also noted on 17 March 2026 that lenders will not fund new projects below 30 percent presold, so 30 to 40 percent sits near that floor. The developer’s own comment on the financing was plain:
“It certainly wasn’t easy. If there’s a will there’s a way.”
Joseph Stern, Co-Founder, SB Development — The Real Deal, 2 September 2025
I include that because it is honest, and because it tells you something real about where this project sits in the capital markets. Having a loan at all puts Cove ahead of the fourteen towers on the delivery tracker (4 August 2026 edition) that have none. With 30 to 40 percent presold in September 2025, and no newer figure — Stern declined to say how many units were left when The Real Deal asked in March 2026 — the remaining sell-through matters more here than at a building that was 90 percent gone before the first pour.
What to Watch Before You Sign
- Get the 2028 date in the contract, and get the outside date. The public record has carried three different targets: late 2026, 2027 and 2028.
- Ask for the current absorption figure. The last figure I found is 30–40 percent from September 2025 (The Real Deal, 2 September 2025); in March 2026 the developer declined to say how many units were left. In a building financed at that level, sell-through is the variable that matters most.
- If you reserved in 2023, re-check what you bought. The building went from 116 units to 134 and the sales team changed from OneWorld Properties to Eklund | Gomes.
- Edgewater supply is heavy. Aria Reserve, Villa Miami, the EDITION Residences, HQ Residences, ELLE Residences, Lilli, Anantara and Edge House are all part of Edgewater’s condo pipeline, plus a large rental pipeline (The Real Deal, 2 September 2025). The Real Deal calls Edgewater “one of the epicenters of Miami’s new development condo boom” (13 May 2026).
Edgewater Around It
The site has direct water frontage and park frontage on Biscayne Bay, about 25 feet from the seawall (the developers, per Florida YIMBY, 22 March 2026). It sits next to Villa Miami, at 710 NE 29th Street (The Real Deal, 2 September 2025; Florida YIMBY, 6 December 2025).
The neighbourhood trade is straightforward: bay frontage and access to the Miami Design District, Wynwood, Downtown Miami and Miami Beach (developer release, 20 March 2026), against a pipeline of thousands of units (The Real Deal, 2 September 2025). The 649-foot figure often quoted for Edgewater is an aviation limit, not a city one: Florida YIMBY described 649 feet above sea level as the area’s maximum under current aviation rules, in a report on a tower at 717 NE 27th Street (24 May 2023). Cove is 40 stories and Villa Miami next door is 56 (The Real Deal, 2 September 2025); I have not found a source on how the taller towers nearby change any residence’s view, so ask which floors and lines face the bay.
In the research: Edgewater Is Miami’s Fastest-Rising Luxury Market — Here’s What’s Being Built
Already bought at The Cove Residences?
If you signed a pre-construction contract here, this part of the page is for you: what you can do with your contract, and how to get the record as it changes.
Your three options
- Close and keep it. Live in it, or rent it out within the condominium’s rental rules.
- Assign your contract before closing. A new buyer takes over your contract. Whether that is allowed, and at what fee, depends on your contract’s assignment clause and usually on the developer’s written consent.
- Close, then resell. After closing it is an ordinary resale, priced against what similar homes have actually recorded.
What I will send you
Tell me your unit. I will send you the project’s status from the public filings as it changes, the first recorded sales here when they land, and a straight read on whether to hold, assign or sell.
Two free things for buyers here
The Cove Residences — Frequently Asked Questions
I bought pre-construction at The Cove Residences. Can I sell before or at delivery?
It depends on your purchase agreement. Before closing, selling usually means assigning your contract to a new buyer, which developers often allow only with their written consent and sometimes for a fee, so read the assignment clause first. After closing it is an ordinary resale, priced against what similar homes in the building and nearby have actually closed for. If you bought at The Cove Residences and want to know what your unit could sell for at delivery, message Josh Stein on WhatsApp at (305) 695-8257.
Where is The Cove Residences?
456 NE 29th Street, Miami, FL 33137, on the Biscayne Bay waterfront in Edgewater (developer’s website, read 24 September 2026). The site is an assemblage of three parcels at 456, 480 and 496 NE 29th Street; the developer’s fact sheet gives the address as 496. It is next to Villa Miami (The Real Deal, 2 September 2025) and has park and direct water frontage, about 25 feet from the seawall (Florida YIMBY, 22 March 2026).
When will The Cove Residences be completed?
2028. The Real Deal reported it in September 2025 and again on 17 March 2026, and Florida YIMBY and PROFILEmiami repeated it at the groundbreaking announcement (22 and 24 March 2026). Florida YIMBY reported 2027 in a December 2025 roundup, which conflicts with the sources on either side of it. The June 2023 launch timetable pointed to late 2026. Verified 24 September 2026.
Why did it take so long to break ground?
At the June 2023 sales launch the developers said they would break ground in Q2 2024. The groundbreaking was announced on 20 March 2026, roughly 22 months later. The $170 million construction loan was announced on 2 September 2025, and The Real Deal noted that higher interest rates made a construction loan harder to land; Stern told The Real Deal it certainly wasn’t easy. I have not found a source that gives any other reason for the timing.
Is The Cove Residences financed?
Yes. A $170 million construction and land loan from Bravo Property Trust closed in September 2025 (Florida YIMBY, 3 September 2025; The Real Deal, 2 September 2025), with IDB also named in the financing (Florida YIMBY, 22 March 2026). The project was reported as 30 to 40 percent presold at that point, well below the more than 90 percent reported for the Ritz-Carlton Residences Pompano Beach and the more than 95 percent for Baccarat Miami when their loans were announced, and Stern told The Real Deal the financing certainly wasn’t easy.
How many units are there?
134 (The Real Deal, 17 March 2026; the developer’s website, read 24 September 2026). It was announced as 116 at the June 2023 sales launch (The Real Deal, 7 June 2023), so the count grew by eighteen. If you reserved in 2023, check what that changed about your floor plate and the per-unit association budget.
How much do residences cost?
The developer’s website lists one- to four-bedroom residences starting at $795,000 (read 24 September 2026). Earlier reports: from $1.3 million for two- to four-bedrooms at the June 2023 launch (The Real Deal, 7 June 2023); $900,000 to $4 million in September 2025 (The Real Deal, 2 September 2025); starting prices in the $900,000s in March 2026 (Florida YIMBY, 22 March 2026). Interior sizes on the developer’s fact sheet run from 868 square feet for the one-bedroom to 2,763 for the four-bedroom, approximate. I have not found a published deposit schedule, and the developer states that prices can change at any time without notice, so ask for the current price list and the contract terms in writing.
Sources and further reading
- New York developers buy Edgewater assemblage for boutique high-rise — The Real Deal, 11 August 2021 (Edgewater Owner LLC paid $12.2 million for 456, 480 and 496 NE 29th Street; 0.6-acre assemblage; zoned for up to 38 stories; three sellers)therealdeal.com
- OKO Group And Cain International File FAA Permits For Another 649-Foot-Tall Tower In Edgewater, Miami — Florida YIMBY, 24 May 2023 (649 feet above sea level described as the area’s maximum under current aviation rules)floridayimby.com
- SB Development, Hazelton launch sales of Edgewater condo tower — The Real Deal, 7 June 2023 (40 stories, 116 units, two- to four-bedrooms from $1.3 million, groundbreaking planned for Q2 2024 with about 30 months to complete, $12.2 million assemblage)therealdeal.com
- Cove Miami to Offer 116 Homes at 456, 480, and 496 Northwest 29th Street, Miami, Florida — Florida YIMBY, 14 June 2023 (116 homes, 1,200 to 2,500 sq ft, from $1.3 million, construction planned to last 18 months, citing the South Florida Business Journal)floridayimby.com
- Edgardo Defortuna’s Fortune, Ricardo Dunin’s Oak Capital nab $259M construction loan for Ritz-Carlton Residences, Pompano Beach — The Real Deal, 26 December 2023 (more than 90 percent pre-sold, according to the release)therealdeal.com
- Related, partner score $328M construction loan for Baccarat Miami — The Real Deal, 29 March 2024 (more than 95 percent presold, the release states)therealdeal.com
- SB Development, Hazelton score $170M construction loan for Edgewater condo tower — The Real Deal, 2 September 2025 (Bravo Property Trust loan, 134 units, prices $900,000 to $4 million, 30 to 40 percent presold, completion 2028, Stern quote)therealdeal.com
- SB Development and Hazelton Capital Secure $170 Million Construction Loan for Cove Miami in Edgewater — Florida YIMBY, 3 September 2025 (loan closed, construction and land financing, Bravo Capital affiliate, 134 residences, one- to four-bedroom)floridayimby.com
- Dezer scores $630M construction loan for Bentley Residences in Sunny Isles Beach — The Real Deal, 5 November 2025 (more than 50 percent presold, according to the release)therealdeal.com
- A Series of Major Residential Developments Advance in Miami’s Edgewater Neighborhood — Florida YIMBY, 6 December 2025 (Cove delivery targeted for 2027; Villa Miami at 710 NE 29th Street)floridayimby.com
- SB, Hazelton tap Eklund-Gomes to take over condo sales of Edgewater project — The Real Deal, 17 March 2026 (construction to start later that month, units left not disclosed, lenders require 30 percent presold, remaining units from $900,000, completion 2028)therealdeal.com
- The Cove Residences, a Waterfront Collection, Officially Launches Sales Alongside Its Groundbreaking in Miami — developer release published by Resident, 20 March 2026 (groundbreaking, sales launch, $900,000s, 2028, IDB and Bravo financing, Kaufman Lynn, 25 feet from the seawall)resident.com
- The Cove Residences Breaks Ground at 456 NE 29th Street in Edgewater, Miami — Florida YIMBY, 22 March 2026 (40 stories, 134 units, targeting 2028, starting prices in the $900,000s, park and water frontage)floridayimby.com
- The Cove Residences, A Waterfront Collection, Officially Launches Sales and Breaks Ground in Edgewater — PROFILEmiami, 24 March 2026 (134 one- to four-bedroom residences, 2028 delivery, Eklund and Gomes sales team, sales gallery at 2935 Biscayne Boulevard)profilemiamire.com
- Sales launch at The Cove Residences in Edgewater — South Florida Agent Magazine, 8 May 2026 (just broke ground, 134 units, expected 2028, starting prices in the $900,000s)southfloridaagentmagazine.com
- OKO plans 53-story tower at epicenter of Miami condo boom — The Real Deal, 13 May 2026 (Edgewater called one of the epicenters of Miami’s new development condo boom; Cove 40 stories and 134 units)therealdeal.com
- The Cove Residences — official developer website, read 24 September 2026 (134 homes, one- to four-bedroom residences starting at $795,000, site address 456 NE 29th Street, prices subject to change without notice)covemia.com
- The Cove Residences fact sheet — developer, published March 2026, read 24 September 2026 (unit mix and sizes, ceiling heights, address 496 NE 29th Street, offeror Edgewater Owner, LLC)covemia.com
- Property Search — Miami-Dade County Property Appraiser (folios 01-3230-014-0160 at 456 NE 29th Street, 14,280 sq ft, sold 8 July 2021 for $4,900,000; 01-3230-014-0090 at 480, 6,300 sq ft, sold 8 July 2021 for $4,500,000; 01-3230-014-0100 at 496, 6,300 sq ft, sold 7 July 2021 for $2,800,000; all owned by Edgewater Owner LLC, vacant land, zone label 36 story; retrieved 24 September 2026)miamidadepa.gov
- Miami Pre-Construction Delivery Tracker — Josh Stein, edition verified 4 August 2026 (38 South Florida towers; 14 with no construction loan reported; The Cove Residences row)joshsteinrealtor.com
Thinking about The Cove Residences?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.com