Elysee

Elysee is the bayfront residential tower that brought boutique luxury to Edgewater: 57 stories rising in three stepped volumes over Biscayne Bay, with just 100 residences —no more than two per floor— shaped by Arquitectonica outside and Jean-Louis Deniot inside. It is a finished asset, with a resale market still young and scarce.

The tower delivered in 2021 on a simple, expensive-to-execute idea: low density and high privacy. With two residences per floor and a private elevator opening directly into each unit's foyer, Elysee reads more like a house in the sky than a conventional condominium. Floor plans run from 2,660 to 3,995 square feet, with 10-foot ceilings, floor-to-ceiling glass and split views: the bay and Miami Beach to the east, the Downtown skyline to the west.

For today's buyer what matters is not the preconstruction brochure but the secondary market: which units owners are reselling, at what price per square foot, and what the tower offers for rent. This page orders that —live inventory for sale and for rent, how to read value, and the buying process— so you reach the offer with judgment.

What makes the tower different

Elysee's value is not just the bayfront address: it is a deliberately low density and a level of design uncommon in Edgewater. Among what defines the experience:

• Two residences per floor a private elevator opening into each unit's foyer and through-floor plans with east and west views: the privacy of a house, not a condominium.
• Arquitectonica and Deniot a stepped, three-volume silhouette by Bernardo Fort-Brescia, with interiors and common areas by French designer Jean-Louis Deniot.
• 30th-floor sky lobby a salon, tea room, chef's kitchen and a hand-painted mural as the tower's social heart, plus spa, fitness and a bayfront pool deck.
• Waterfront Edgewater on Biscayne Bay and minutes from the Design District, Wynwood, Midtown and Downtown, with Margaret Pace Park and the baywalk at the door.

How the value reads: view, floor and line

In a one-of-a-kind building, two units of the same size can be worth very different amounts. Three variables explain almost the entire price difference:

The view

Not every floor is worth the same. High residences with open views to the bay and Miami Beach —east exposure— command the premium; those facing west get the Downtown skyline and the sunsets, and tend to trade below. In a tower of only one hundred units, line and floor matter more than in a mass building: before comparing prices, you have to compare exposures.

The floor

Price per square foot rises with height: more light, less obstruction and, on the high floors, the best view. The value jump between the mid-rise and the upper floors is usually larger than the square footage suggests.

The line

Each line —the stack of units sharing a position on the floor plate— has its own terrace and exposure. Knowing which line you're looking at, and its resale equivalent, is the difference between paying market and overpaying. This is where an advisor who knows the building adds real value.

The resale thesis

Buying in resale, rather than preconstruction, changes the risk profile. Construction and delivery risk disappear: the tower is built, delivered and occupied, and the unit is physical. In exchange, you compete for scarce inventory —one hundred residences in all— and the price already carries the finished-product and design-signature premium.

The right question is not whether Elysee is good —it is— but whether the specific unit is well bought: price per square foot against the tower's recent sales, the quality of the line and floor, and the margin against what that unit would ask in rent. For the investor dollarizing into a large, low-density, designer residence on the bay, a well-chosen unit combines scarcity, brand and a location hard to replicate in Edgewater.

Elysee is one piece of bayfront Edgewater; to see how the Edgewater market moves and compare it against other towers on the corridor, browse all residential inventory for sale on the hub.