Cove Miami, Edgewater: The Waterfront Pre-Construction Buyer's Guide (2026)

Edgewater has spent the last decade turning a quiet strip of bayfront land between Downtown and the Design District into one of Miami's most active luxury corridors. Most of what has risen here is big — 50- and 60-story towers with hundreds of units apiece. The Cove Residences is deliberately not that.

Marketed as Cove Miami, the project is a single 40-story waterfront tower rising at 456 NE 29th Street, directly on Biscayne Bay. It is developed by SB Development Group and Hazelton Capital Group, designed by Kobi Karp Architecture & Interior Design with residence interiors by the Argentine firm Dieguez Fridman, and it delivers roughly 134 residences — boutique scale by Edgewater standards. Sales officially launched and the project broke ground in March 2026, with delivery targeted for 2028.

The pitch is straightforward: a smaller, design-led building on the water, with a full three-level amenity program and a private dock, for buyers who want an Edgewater bayfront address without living in a 500-unit tower. It is a residence-first building — not a hotel-condo and, importantly, not a short-term-rental play (more on the leasing rules below).

View the Cove Miami building page

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Project Snapshot

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The Architecture: Kobi Karp on the Bay

Kobi Karp Architecture & Interior Design is one of the most productive firms shaping Miami's skyline, and Cove is a Karp building through and through — a slender bayfront tower with floor-to-ceiling glass and wrap-around terraces engineered into the massing to pull the water into every home.

The interiors are handled by Dieguez Fridman, an Argentine architecture-and-design studio brought in to give the residences a more restrained, tailored feel than the typical Miami spec-glass product. Published finishes include ten-foot ceilings, floor-to-ceiling impact glass, custom kitchens, and spa-inspired primary baths.

The result is meant to read as a boutique waterfront collection rather than a mass-market high-rise. With roughly 134 residences across 40 floors, Cove averages only a handful of homes per floor — a materially lower density than the neighboring twin-tower and mega-tower projects.

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Location: Bayfront Edgewater, Between Downtown and the Design District

456 NE 29th Street sits in the heart of Edgewater, the residential corridor that runs along Biscayne Bay between Downtown Miami to the south and the Design District to the north.

The appeal of the site is the same one that has driven Edgewater's whole run: you get a walkable, bayfront position with Midtown's grocery-and-retail grid a few blocks inland, the Design District and Wynwood minutes away, and quick causeway access to the beach. Cove leans into the boutique, residential side of that story rather than the resort-scale side.

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The Residences

Cove is delivered fully finished, with Dieguez Fridman–specified interiors. Signature features across the collection include:

• Wrap-around private terraces with bay and city exposures
• Ten-foot ceiling heights
• Floor-to-ceiling impact glass
• Custom Italian-style kitchens with integrated appliance packages
• Spa-inspired primary baths with premium stone finishes
• Boutique per-floor density — only a handful of homes per level

Floor Plan Mix (approximate)

Cove is designed as a broad-mix building rather than a single-product tower. Published layouts run from compact one-bedroom-plus-den homes up through four-bedroom-plus-den residences:

• 1BR + den: compact plans (sources place the smallest homes under ~1,000 sq ft)
• 2BR: commonly in the ~1,300–1,500 sq ft range
• 3BR: roughly ~2,100 sq ft
• 4BR + den: up to roughly ~3,000+ sq ft

Exact square footage varies by source and by release. Confirm the interior and terrace areas on the specific floor plan you are considering directly through the sales gallery.

A Note on Rentals (Read This Before You Buy for Income)

Cove is not an Airbnb-style, short-term-rental building. The leasing rules restrict owners to renting a limited number of times per year on a minimum three-month lease — the framework commonly described as up to two rentals per year, three-month minimum. That makes Cove a primary-residence, seasonal-owner, and long-term-hold building far more than a nightly-rental income play. If a high-frequency rental strategy is your goal, this is the wrong building; if you want a residence-first bayfront home with the option to lease seasonally, the rules fit.

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Amenities: Three Levels on the Water

Cove carries roughly 42,000 square feet of indoor and outdoor amenities spread across three levels — an unusually deep program for a building of its size. Published and expected amenities include:

• Resort-style waterfront infinity pool with private cabanas
• Spa with cold plunge, sauna, and hammam
• State-of-the-art fitness center with a dedicated spin auditorium and wellness studios
• Waterside restaurant on the bay
• Wine lounge, game and billiards room, and an owners' lounge
• Private dining and co-working / private office suites
• Theater / microcinema
• Pet spa
• Private dock for boating and watersports — direct bay access
• Valet parking with EV charging
• Healthcare concierge and on-demand car-sharing access

The headline differentiator is the private dock and direct bay frontage — genuine waterfront access is increasingly rare even in Edgewater, where several newer towers sit a block or more inland.

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The Developer Team

• SB Development Group — a Miami-based developer (project entity is associated with SBD Oak) serving as co-sponsor on the Cove project.
• Hazelton Capital Group — real estate investment and development partner, co-sponsoring the development.
• Kobi Karp Architecture & Interior Design — the architect of record and one of South Florida's most prolific high-rise firms.
• Dieguez Fridman — the Argentine studio handling residence interiors.
• Kaufman Lynn Construction — general contractor.
• Douglas Elliman Development Marketing (Eklund | Gomes team) — sales and marketing.

The project secured roughly $170 million in construction financing (reported from Bravo Property Trust with IDB) around its March 2026 groundbreaking — a meaningful signal, since financed-and-under-construction status materially lowers pre-construction risk versus a project still chasing its capital stack.

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Construction Status & Timeline

Because Cove is already financed and under construction, its timeline carries less uncertainty than a paper project. That said, pre-construction delivery dates always move — confirm the closing timeline for your specific unit, since it drives your deposit schedule and carrying-cost planning.

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Pricing Reality

Cove is positioned as a relatively attainable entry point for a new-construction Edgewater bayfront address:

• Entry pricing: sources place starting prices in the high-$700Ks to the $900Ks, depending on release and unit.
• Two-bedroom homes: reported from roughly $1.4M.
• Three-bedroom homes: from roughly $2M.
• Four-bedroom homes: from roughly $3M+.

Published pre-construction pricing is a snapshot, not a quote. Availability, released inventory, and developer incentives shift with each phase, and the best current pricing rarely matches what circulates on aggregator sites. Confirm live numbers through the sales gallery and your buyer's agent.

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Who This Building Is For

1. The Edgewater Primary-Residence Buyer

You want to live on the bay, walk to Midtown's shops and the Design District, and come home to a boutique building rather than a 500-unit tower. Cove's lower density, wrap-around terraces, and deep amenity program are built for you.

2. The Seasonal / Lock-and-Leave Owner

You want a bayfront residence with a private dock, resort amenities, and the ability to lease seasonally within the building's rules (long-term only). Cove's three-month-minimum leasing framework fits an owner who spends part of the year here and leases responsibly when away.

3. The Long-Term Edgewater Investor

You are betting on Edgewater's continued run and on scarcity of true bayfront, dock-equipped product. Cove is a hold-for-appreciation and long-term-lease play — not a short-term-rental income vehicle. Underwrite it on the three-month-minimum leasing rules, not on nightly rates.

If a high-turnover, nightly-rental income strategy is your objective, Cove's leasing restrictions make it the wrong fit — look at Edgewater's dedicated short-stay-friendly product instead.

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Cost of Ownership

Beyond purchase price, budget for:

• HOA fees: A heavily amenitized, dock-equipped waterfront building carries higher-than-average dues. Model your specific unit's monthly assessment before contracting — the ~42,000 sq ft amenity program is not free to run.
• Property taxes: Miami-Dade ad valorem taxes generally run ~1.6–2.0% of assessed value annually.
• Insurance: Condo HO-6 plus wind coverage varies by floor and unit size.
• Deposit schedule: Florida pre-construction typically stages deposits from contract through closing — understand exactly what is at risk and when.

Build the full carrying-cost model — HOA, tax, insurance, and the opportunity cost on staged deposits — not just the headline price.

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Frequently Asked Questions

Where is Cove Miami located?

The Cove Residences is at 456 NE 29th Street, Miami, FL 33137, on the Biscayne Bay waterfront in Edgewater — between Downtown Miami and the Design District, a few blocks east of Midtown.

How tall is Cove and how many units does it have?

It is a single tower of approximately 40 stories with roughly 134 residences (a few sources cite 116). It is boutique by Edgewater standards, with only a handful of homes per floor.

Who is the developer and architect?

Cove is developed by SB Development Group and Hazelton Capital Group, designed by Kobi Karp Architecture & Interior Design, with residence interiors by Dieguez Fridman. Kaufman Lynn Construction is the general contractor.

Can I use my Cove residence as an Airbnb / short-term rental?

No. Cove is not a short-term-rental building. The leasing rules limit owners to a small number of rentals per year on a minimum three-month lease (commonly described as up to two times a year, three months minimum). It is built for primary residents, seasonal owners, and long-term holders — not nightly rentals.

Does Cove have a boat dock?

Yes — a private dock and direct Biscayne Bay access are among the building's headline features, alongside a waterside restaurant and a waterfront infinity pool.

When will Cove be delivered?

Current guidance targets 2028. The project broke ground and launched sales in March 2026 and has secured construction financing, so it is already underway. Confirm the closing date tied to your specific unit.

How much do residences at Cove cost?

Reported pricing starts in the high-$700Ks to $900Ks, with two-bedrooms from roughly $1.4M, three-bedrooms from roughly $2M, and four-bedroom homes from roughly $3M+. Treat these as a snapshot — confirm live pricing and available inventory through the sales gallery.

Are the residences delivered furnished?

Homes are delivered fully finished (kitchens, baths, flooring, and fixtures included) but unfurnished — furniture is the buyer's responsibility.

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How to Buy at Cove Miami

Pre-construction is a multi-year commitment with staged deposits and real tax, insurance, and HOA implications. Before contracting:

1. See the actual current inventory and pricing — by floor and by exposure. Public numbers are rarely the live ones.
2. Confirm the leasing rules in the condo declaration — the three-month-minimum framework matters if income is part of your plan.
3. Compare head-to-head with the rest of the Edgewater pipeline — the Edgewater neighborhood guide, Aria Reserve Skyclub, and Missoni Baia each target a different buyer.
4. Model the full cost of ownership and understand your deposit at risk under Florida pre-construction law.

Visit the Cove Miami building page for current inventory, floor plans, and to schedule a private appointment with our team.

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This guide is for educational purposes. Pricing, availability, unit counts, and project specifications are drawn from the developer's and public sources' most recent materials and are subject to change without notice. Consult your real estate attorney and tax advisor before contracting on any pre-construction unit.