Miami's Bayfront Tower for the Long-Term Investor
Opera Tower is a 56-story, 635-unit condominium on the eastern edge of Edgewater, completed in 2008 by Florida East Coast Realty under Tibor Hollo. The building sits directly on Biscayne Bay at 1750 N Bayshore Dr, with most residences capturing water and downtown skyline views. It remains one of the most accessible entry points into Miami's bayfront condo market — a tower that cleared its construction-era inventory long ago and now trades as an established, transaction-rich building.
| Year Built | 2008 |
|---|---|
| Floors | 56 |
| Units | 635 |
| Developer | Florida East Coast Realty (Tibor Hollo) |
| Sales | Fortune Development Sales |
| Address | 1750 N Bayshore Dr, Miami, FL 33132 |
What You're Actually Buying
Opera Tower's floor plans run 1- and 2-bedroom layouts in the 600 to 1,225 sqft range, with one of the highest unit counts of any Miami waterfront tower. That density is the point: it's why pricing here clears at entry-level Miami waterfront tiers rather than the boutique premiums commanded by smaller buildings further south on Brickell or in the Design District. Investors who want bay-view inventory at scale, with deep liquidity on both the for-sale and rental sides, come here.
Live MLS counts and median pricing show on the statistics widget on this page. The qualitative reality: Opera Tower is one of the most-traded condo addresses in 33132, with the kind of monthly velocity that lets you actually execute a buy-and-hold or fix-and-rent strategy. That matters more than people credit.
The Bayfront Position
- Direct waterfront — pool deck and amenity terrace face Biscayne Bay; eastern-exposure units watch the sunrise over the water
- Free Metromover access — School Board station is one block west, connecting to downtown, Brickell, and the Arsht Center stops without a car
- Walkable to Margaret Pace Park — 8.2-acre bayfront park with tennis, basketball, dog run, fishing pier
- Edgewater dining — Mister 01, Phuc Yea, and the Klima Hotel restaurants are within five minutes; Wynwood is a short ride west
Sister Buildings on Biscayne
The 33132 condo corridor has matured into one of Miami's most transactable submarkets. Opera Tower trades at a discount to the boutique towers further south, which is precisely why volume is what it is.
| Building | Address | Position |
|---|---|---|
| Marina Blue | 888 Biscayne | Mid-tier, 57 floors |
| 50 Biscayne | 50 Biscayne Blvd | Walkable downtown core |
| Casa Bella | 1444 Biscayne | Newer construction (2025), Versace-designed |
| Waldorf Astoria Residences | 400 Biscayne | Ultra-luxury supertall, opening 2027 |
Who Buys Here
Opera Tower's buyer base skews investor — both U.S. and international — who treat the building as a portfolio anchor rather than a primary residence. The unit mix and rental-friendly building rules support that. Owner-occupants do exist (mostly young professionals working downtown or in Brickell), but they're not the median buyer. If you want a quiet, owner-heavy boutique tower, this isn't it. If you want bay frontage at the lowest entry price the corridor offers, with proven monthly transaction velocity, Opera Tower is exactly that.
The neighborhood context — see our Edgewater and Downtown Miami pages — explains why the corridor has held its bid through the cycle: 24/7 transit access, a rapidly densifying restaurant scene, and a structural shortage of waterfront supply that no inland tower can replicate.
Due Diligence Notes
The Property Information section below details Residences Services and Amenities; the FAQ accordion covers questions on HOA, rentals, and pets. For monthly affordability math against the live PMMS rate, run the embedded calculator at the bottom of this page or open the full mortgage calculator. For Florida-specific tax estimates use the property tax calculator — Opera Tower's tax bills are notably reasonable for the position.
