“Residences in Edgewater, shaped to change at your will.”
At dusk, the dark-glass façade on NE 2nd Avenue seems to exhale — curved balconies cascading floor to floor, greenery threaded between them, the whole silhouette softening as the light goes. Spectre Miami is a small building with an unusually large idea: a home that can quietly become two, or three.
Spectre Miami — One Address, Two Lives in Edgewater
A Sculptural Boutique Tower in Edgewater
Spectre Miami is a 24-story, 138-residence tower rising in the heart of Edgewater, Miami’s fastest-evolving bayfront district. Among the wave of new luxury condos for sale in Edgewater, it is deliberately one of the smaller buildings — a boutique count on a neighborhood block rather than a 600-unit megatower. It uses that scale to do something most towers cannot: nearly every residence is designed as a lock-off plan.
This single home can be divided into two or three independent, separately accessible units. Live in one and rent the others, or open it all up as one residence. That flexibility is the building’s whole thesis.
The project is a pre-construction condo in Miami developed by Martinez Developments, a family-led South Florida firm, with Kobi Karp Architecture & Interior Design responsible for both the tower and its interiors. It is pet-friendly, sales are underway, and the current release is priced from around $590,000 for studios up to seven figures for the three-bedroom homes. What follows is a working evaluation of the building — its design, its numbers, its neighborhood, and the honest trade-offs a buyer should weigh — rather than a brochure.
The Building & Architecture
Kobi Karp’s design treats the tower as a single sculptural object. Curved balconies ripple down a dark glass façade, planted with cascading greenery that breaks up the vertical mass and softens each floor — the kind of façade meant to read differently at noon than it does at night, when the building’s lighting turns the curves cinematic. It is a form intended to belong to the waterfront skyline rather than stand on it.
Inside, the material language is warm rather than icy: hand-carved walnut feature walls, honed travertine and natural stone, brushed brass fittings, and cove-lit tray ceilings tuned for evening. Floor-to-ceiling glass runs the width of each residence, opening onto private terraces; open kitchens are anchored by veined-marble islands, and principal baths feature freestanding stone tubs and double travertine vanities. Promotional info mentions built-in premium-class appliances from brands such as Sub-Zero, Wolf, and Gaggenau.
Residences & Pricing
The collection runs from compact studios to three-bedroom homes, with a single penthouse crowning the tower. The signature move is the lock-off floor plan: interior partitions and separate entries let an owner split a residence into independent living spaces — the mechanism behind the building’s rental flexibility. Several residences also pair with a small private office suite (roughly 60 sq. ft.), a rare touch that reinforces the live-work-rent logic.
- Studio (A1) — interior 397–415 sq. ft. | price from $590,000
- 1 Bed / 2 Bath (A3) — interior 667 sq. ft. | price from $792,000
- 2 Bed / 2 Bath (A2) — interior 839 sq. ft. | price from $1,043,000
- 3 Bed / 3 Bath (A5) — interior 1,301 sq. ft. | price from $1,488,000
- Penthouse (PH1) — interior 1,728 sq. ft. + ~600 sq. ft. terrace | price upon request
Standard residences occupy floors 10–24; the penthouse (Unit PH1) sits above, offering roughly 1,728 sq. ft. of interior with a wraparound terrace of about 600 sq. ft. and a private elevator lobby. The current unit release starts at approximately $590,000 for a studio.
For anyone looking to buy a condo in Miami with income built directly into the floor plan, the studios and one-bedrooms are the most efficient entry point; the three-bedrooms and penthouse are the end-user and family play. Exact availability, view exposures, and current condos for sale should be confirmed with Bogatov Realty.
Amenities & Services
Spectre’s amenity program is scaled to a boutique building but reaches for a resort register. The centerpiece is a resort-style pool deck on Level 8, a palm-framed swim terrace positioned for skyline views and long sunsets. The wellness and social spaces are arranged as a sequence through the day rather than a single clubroom.
- Pool Deck (Level 8) — Tropical-inspired pool and wellness sun deck with skyline framing.
- Spa-Style Fitness Center — A soft-lit, warm-material gym designed to feel closer to a spa than a workout floor.
- Double-Height Grand Lobby — A sculptural arrival with a living green wall and suspended lighting.
- Private Club Lounge — A members-style social room for entertaining, working, or quiet retreat.
- Work-Lounge & Private Offices — Co-working space plus bookable private offices — and, for select residences, a fully enclosed garage paired with an adjoining office suite for a genuinely private arrival.
- Signature Restaurant — An on-site dining room conceived as both a resident amenity and a destination.
- Private Beach Club — A residents’ beach club on Miami’s shoreline (referenced in marketing renderings).
- Services — Concierge, valet, and package management, in a pet-friendly building.
A fair caveat: the private beach club appears in renderings and marketing rather than in confirmed operating detail, so its final form, location, and access terms are worth verifying before they factor into a purchase decision.
Location & Lifestyle — Edgewater
Spectre sits on the cultural axis that connects Wynwood, the Design District and Biscayne Bay.
- From the door, it is roughly a three-minute walk to Midtown Miami and about five minutes on foot to both the Wynwood Arts District and the Design District; the Port of Miami is around five minutes by car.
- The neighborhood’s green anchor is the eight-acre Margaret Pace Park on the bay, with tennis, basketball and volleyball courts, a dog park, a playground and a marina.
- Downtown’s cultural spine — the Adrienne Arsht Center and the Pérez Art Museum Miami — is a short hop south, and the Metromover station at 15th Street offers car-free access to Downtown and Brickell.
- Miami International Airport is roughly eight miles out, about 15–20 minutes outside rush hour.
The immediate area has a strong walk score, with a Transit Score of 50 and a Bike Score of 68.
A Saturday in Edgewater
Edgewater doesn’t perform for you in the morning; it just gets on with its day.
- By eight, the seawall path at Margaret Pace Park is already busy with runners and a scrum of off-leash dogs, and there is usually a yoga class laying out mats on the grass while a pickup basketball game argues over a foul at the far court. The bay is flat and bright, and the marina’s masts barely move.
- Mid-morning, the neighborhood’s food runs to the practical — a coffee, a bowl, a bench facing the water — because Edgewater is still more residential than restaurant-dense, and that’s part of its appeal.
- Come evening, the move is Amara at Paraiso, chef Michael Schwartz’s waterfront room a few blocks north, where the Josper grill throws smoke over local fish, and the deck tables sit right on Biscayne Bay.
Be honest with yourself about it: critics have long said you come to Amara for the sunset and the view first and the food second, so book the outdoor table early, before the light goes, and let the meal be the excuse rather than the point.
Afterward, the whole cultural weight of downtown Miami is one short Metromover ride away — a show at the Adrienne Arsht Center, or the hanging gardens of the Pérez Art Museum lit up over the water — and you can be back at your own door before the district goes quiet again, which, on a weekday at least, it genuinely does.
The Investment Case
The strongest argument for Spectre is structural: rental flexibility in a neighborhood the market is actively bidding up. According to Blackbook Properties’ Miami luxury condo market reporting, Edgewater’s luxury price per square foot has nearly doubled in eight years — from roughly $450 in 2017 to just under $1,000 by 2025 — and the district posted a 33% year-over-year jump in luxury sales in the firm’s Q3 2025 report, ranking as the fastest-selling of Greater Downtown Miami’s neighborhoods through 2025. Demand, in other words, is not hypothetical here.
Where Spectre separates itself is rental policy. Per broker listings, the building permits short-term rentals 365 days a year with no restrictions, making it directly compatible with Airbnb and VRBO — and the lock-off plans let an owner run more than one income stream from a single deed. That combination is genuinely uncommon among new luxury condos for sale in Edgewater.
Compare the immediate competition: Cove Miami, another Kobi Karp–designed boutique tower nearby, prohibits short-term rentals outright to keep a quieter building; Edge House allows the same 365-day rentals but does so across 608 units and 57 stories — a very different, much larger investment vehicle; and Aria Reserve caps owners at renting roughly four times a year.
Spectre’s pitch is the narrow overlap of the three: boutique scale, unrestricted short-term rental, and a floor plan that can be split.
The Team Behind Spectre
Developer — Martinez Developments. A family-led Miami firm with roughly three decades in South Florida residential development, Martinez leads the project with a hands-on, delivery-focused reputation.
General Contractor — MCH Builders. MCH Builders serves as the construction partner responsible for execution on site, working alongside Martinez Developments.
Architecture & Interior Design — Kobi Karp. Founded in 1996, Kobi Karp Architecture & Interior Design is one of Miami’s most decorated studios — its founder won the AIA’s Outstanding Young Architect of the Year award early in his career, and the firm has since been named AIA Firm of the Year.
A Home That Can Earn Its Own Keep
Spectre Miami is not trying to be the tallest or the loudest address in Edgewater — the neighborhood already has towers for that. It is making a quieter, more practical argument: a well-designed boutique building where the floor plan itself is the amenity, and where the wall between living and earning is something you control. In a district the market is rewarding for its scarcity and its walkability, that is a specific and defensible reason to buy.
“Open it for family, close it for income — one address, two lives.”
Frequently Asked Questions
When will Spectre Miami be completed?
The tower is in active pre-construction sales, with delivery targeted for 2028. As with any pre-construction purchase, buyers should plan financing and occupancy around a multi-year timeline and confirm the current schedule on the offering documents.
Can I rent my residence short-term on Airbnb or VRBO?
Current broker listings describe unrestricted short-term rentals — up to 365 days a year — which would make the building compatible with Airbnb, VRBO and traditional leasing alike. Because the condominium rules are still being finalized, get that policy confirmed in writing from the developer or association before you sign.
What are the lock-off floor plans, and how do they work?
A lock-off residence is built so it can be separated into two or three independent units, each with its own entry, behind lockable interior partitions. An owner can occupy one portion and rent the rest, run multiple rentals at once, or open everything into a single home — the configuration is yours to change.
Who designed the interiors?
Kobi Karp Architecture & Interior Design handles both the architecture and the interiors — this credit is confirmed. Expect a warm palette of walnut, travertine, brushed brass and marble, with cove-lit ceilings and full-height glass.
How do the studios compare with the larger homes and the penthouse?
The studios and one-bedrooms are the efficient, income-oriented entry point — smallest footprint, lowest price, ideal for the rental-flexibility strategy. The three-bedrooms and the single penthouse are the end-user and family residences, trading rental agility for space, terrace, and a private-elevator arrival at the top of the building.
Is Spectre Miami a good investment?
The core case rests on three durable factors: a boutique unit count in a neighborhood with demonstrated, accelerating demand; a lock-off design that lets one deed produce more than one income stream; and a rental policy that — pending final association rules — allows year-round short-term stays. Independent legal and financial due diligence is still recommended before committing.
How does Spectre compare with other new Edgewater condos?
In short: Spectre pairs boutique scale with unrestricted short-term rentals and splittable floor plans, where Cove Miami bans short-term rentals and Edge House offers similar flexibility only across a far larger 608-unit tower. For a detailed, side-by-side comparison matched to your goals, contact a Bogatov Realty advisor.
To explore floor plans and current availability at Spectre Miami, or to compare it with other new residences in Edgewater, contact a Bogatov Realty advisor or submit an inquiry on this page. Pricing, unit dimensions, floor count, and rental policy are compiled from the developer’s marketing and independent listing sources and are current as of July 2026; as a pre-construction offering, all figures are subject to change and should be independently verified before purchase, and this is not investment, legal, or financial advice.