12/8/2025

One Bay Residences Miami: Building Guide, Pricing, and Reviews

One Bay Residences is a gated community of 38 luxury townhomes at 455 NE 39th Street in Miami, located between Edgewater and the Design District. Unlike the high-rise towers that dominate Miami's condo market, One Bay offers multi-level townhome living with private garages, rooftop terraces, and a more residential feel. The building was completed in 2018, developed by G&L Real Estate Development and designed by IDEA Architects.

Is One Bay Residences a good building? For buyers who want Design District access without the high-rise lifestyle, One Bay offers a rare alternative. The boutique scale (only 38 units), townhome layouts, and relatively low HOA fees make it attractive for owner-occupants and investors alike. This guide covers what you need to know before buying or renting at One Bay.

One Bay Residences Overview

One Bay stands out in the Miami market because it offers townhome-style living in a location where high-rises are the norm. Each residence spans multiple floors with private entrances, garage parking, and in many cases, rooftop terraces with outdoor living space.

Building Facts:

The development targets buyers who want the convenience of condo living (shared amenities, exterior maintenance handled) combined with the privacy and layout of a townhouse. Unlike a traditional condo where you share walls on multiple sides and access your unit via a common hallway, One Bay residences have their own entrances and more separation from neighbors.

Location in Edgewater

One Bay sits at the intersection of several desirable Miami neighborhoods. Technically in the Magnolia Park area, the building is positioned between Edgewater, the Design District, and Midtown. This central location provides easy access to multiple neighborhoods without committing fully to any single one.

Distances from One Bay Residences:

The Design District is the biggest draw for this location. Miami's luxury shopping destination features stores like Louis Vuitton, Dior, Prada, and Gucci alongside high-end restaurants and galleries. Residents at One Bay can walk to Design District shops and dining.

Biscayne Bay is also close by. While One Bay is not directly on the water, you are just a few blocks from the bay and nearby parks including Margaret Pace Park (an 8-acre bayfront park in Edgewater) and Albert Pallot Park.

For buyers exploring the broader Edgewater area, you can browse Miami condos for sale to compare One Bay with high-rise options in the neighborhood.

Unit Layouts and Floor Plans

One Bay offers six different floor plan types, ranging from compact one-bedroom units to spacious three-bedroom townhomes with rooftop terraces. The townhome format means most units are laid out across multiple levels.

Available Floor Plan Types:

Typical Layout Features:

Many units at One Bay feature:

Main living area on the ground or second floor
Bedrooms on upper levels
Double-height living rooms with tall windows
Open loft spaces
Private rooftop terraces (on select units)
Private garage or covered parking
Private driveway in some units

The F layout is particularly notable. At 2,561 square feet of interior space plus approximately 1,750 square feet of private rooftop terrace, these are the largest units in the building and offer single-family home proportions.

Standard Unit Features:

Floor-to-ceiling glass windows
Custom Italian kitchen cabinets
Bosch stainless steel appliances
Quartz countertops in kitchens and bathrooms
In-unit washer and dryer
Wood or tile flooring
Glass railings on staircases
Private entrance

Some owners have added upgrades including smart home systems (Savant automation, Lutron lighting), hot tubs on rooftop terraces, and outdoor kitchens.

Current Pricing and Market Trends

How much do condos at One Bay Residences cost? Current asking prices range from approximately $800,000 for smaller units to over $2.2 million for the largest townhomes. Price per square foot typically falls between $700 and $900.

Current Sale Listings (as of 2025):

Recent Sale:

Rental Market:

One Bay rentals typically list between $6,500 and $7,500 per month depending on unit size and finishes. Recent rental activity shows units renting at approximately $4.00 to $4.50 per square foot monthly.

Market Context:

One Bay pricing sits below the luxury high-rises in Edgewater (like Aria on the Bay or Elysee) but above older buildings in the area. The townhome format and lower HOA fees help justify the price point for buyers who prioritize space and privacy over high-rise amenities and views.

For buyers comparing Miami neighborhoods and building types, our Miami pre-construction condo guide provides context on new development pricing across the city.

Building Amenities

One Bay has a more limited amenity package than the high-rise towers in Edgewater. This is by design. The building focuses on private living space and outdoor terraces rather than extensive shared facilities. The trade-off is lower HOA fees.

Community Amenities:

Gated entrance with secure access
Community swimming pool
Spa
Landscaped common areas
Guest parking
Private garages and assigned parking (by unit)

What One Bay Does Not Have:

Fitness center (no on-site gym)
Concierge or doorman
Valet parking
Business center
Club room
Beach access or bay views from common areas

For buyers who prioritize a home gym, concierge services, or building-managed social spaces, a high-rise condo would be a better fit. For buyers who want their living space to be their amenity (rooftop terraces, private outdoor space, garage parking), One Bay delivers.

HOA Fees and Assessments

One Bay is known for having relatively low HOA fees compared to high-rise buildings in Edgewater and the Design District. The smaller amenity package and townhome format keep costs down.

Estimated Monthly HOA Fees:

While exact fees vary by unit size and can change, One Bay HOA fees are reported to be significantly lower than comparable high-rise buildings. Expect to pay substantially less than the $1,500+ monthly fees common in Edgewater high-rises.

What HOA fees typically cover:

Gated entrance and security
Common area maintenance
Pool and spa maintenance
Landscaping
Exterior building maintenance
Reserve fund contributions
Basic master insurance

What you pay separately:

Electric
Water (verify if included)
Internet and cable
Personal property insurance (HO-6)
Private garage and driveway maintenance (within your unit)

The lower HOA fees are a selling point for investors focused on cash flow and for owner-occupants who do not need extensive building amenities.

Rental Policies and Investor Considerations

Can you rent out a unit at One Bay Residences? Yes. One Bay has been popular with investors due to its rental-friendly policies and the strong rental demand in the Design District area.

Rental Market Snapshot:

Typical rental range: $6,500 to $7,500 per month
Price per square foot (rental): $4.00 to $4.50 monthly
Target tenant: Professionals, Design District workers, families wanting townhome living

Investor Considerations:

Potential Positives:

Lower HOA fees improve net cash flow compared to high-rise investments
Townhome format appeals to tenants who want more space and privacy
Design District location attracts higher-income renters
Garage parking included (a premium in Miami)
Rooftop terraces justify premium rents
Only 38 units means less competition when your unit is on the market

Potential Challenges:

No on-site management means less day-to-day support for absentee owners
Townhome maintenance can be more complex than a standard condo unit
Limited common amenities may be a drawback for some tenants
Smaller pool of comparable units makes pricing harder

For investors comparing One Bay to high-rise options, consider whether the lower HOA fees offset the reduced amenity package in your target rental market. Tenants seeking Design District access who also want space and privacy may prefer One Bay over a studio or one-bedroom in a high-rise.

Canadian buyers considering One Bay as an investment property should review our Canadian tax guide for Florida property for details on rental income reporting in both countries.

Walkability and Nearby Attractions

One Bay's location provides good walkability to certain destinations while requiring a car for others.

Walking Distance (under 10 minutes):

Design District shops and restaurants
Midtown Miami retail
Multiple coffee shops and cafes
Albert Pallot Park

Short Drive (5-10 minutes):

Margaret Pace Park and Biscayne Bay waterfront
Wynwood galleries and restaurants
Midtown Target and grocery options
I-95 highway access

Design District Highlights Near One Bay:

The Miami Design District is the primary neighborhood attraction. Within a short walk, residents can access:

Luxury retail (Louis Vuitton, Gucci, Dior, Prada, Cartier)
High-end dining (Michael's Genuine, Mandolin, MC Kitchen)
Art galleries and installations (ICA Miami is nearby)
Boutique fitness studios

Groceries and Daily Needs:

Publix and Target locations in Midtown are the closest options for groceries. The Design District is better for dining out than daily errands.

Getting Around:

Most One Bay residents will need a car for regular use. While the immediate area is walkable for shopping and dining, Miami's spread-out geography means you will drive to beaches, Brickell, and many other destinations. The private garage parking at One Bay is a significant advantage given Miami's parking challenges.

Comparable Buildings in Edgewater

Shopping for a townhome or condo in the Edgewater/Design District area? Here are buildings to compare with One Bay:

Townhome and Low-Rise Options:

One Bay is one of the few townhome developments in this area. Most alternatives are high-rise towers. For buyers specifically seeking townhome living, options are limited.

High-Rise Alternatives in Edgewater:

Elysee Miami: Built in 2020, 100 units, High-rise, Price Range: $1.5M - $5M+
Biscayne Beach: Built in 2017, 399 units, High-rise, Price Range: $500K - $2M+
Paraiso Bay: Built in 2017, 345 units, High-rise, Price Range: $600K - $3M+
Icon Bay: Built in 2015, 300 units, High-rise, Price Range: $400K - $1.5M+
Bay House: Built in 2015, 165 units, High-rise, Price Range: $500K - $2M+
Aria on the Bay: Built in 2018, 647 units, High-rise, Price Range: $400K - $2M+

One Bay vs. High-Rise Comparison:

For buyers who want bay views, a full amenity package, and high-floor living, the Edgewater high-rises are the better choice. For buyers who prioritize space, privacy, lower fees, and townhome living, One Bay fills a niche that high-rises cannot.

Resident Reviews and Reputation

What do residents say about living at One Bay? Based on listing descriptions and market feedback:

What Residents Like:

Privacy and space compared to high-rise living
Rooftop terraces are a standout feature for entertaining
Garage parking eliminates parking hassles
Design District access for shopping and dining
Quiet community with only 38 units
Lower HOA fees than high-rise alternatives
Well-maintained grounds and common areas

Common Concerns:

Limited amenities compared to high-rises (no gym)
Multi-level living requires climbing stairs daily
No concierge or doorman for packages and guests
Not directly on the water (a few blocks from the bay)
Less security than a high-rise with 24-hour staff

Who One Bay Suits Best:

Buyers who want townhome living in an urban location
Families who need more space than a typical condo
People who prioritize private outdoor space over building amenities
Investors seeking lower HOA fees and rental-friendly policies
Buyers who work in or near the Design District
Pet owners who appreciate ground-level access and private outdoor areas

Who Should Look Elsewhere:

Buyers who want bay views from their living room
People who need a fitness center and full building amenities
Those who cannot or prefer not to climb stairs daily
Buyers seeking 24-hour doorman and concierge services
Those who want to live directly on the water

Available Units for Sale

Inventory at One Bay is limited due to the small building size (only 38 units). At any given time, you may find zero to three units on the market.

Typical Availability:

1 to 3 units for sale at most times
1 to 2 units for rent
Limited turnover due to high owner satisfaction

Current Market (2025):

Recent listings have included larger 3-bedroom units priced around $2 million to $2.25 million. Smaller units when available typically price under $1.2 million.

For current availability and to be notified when new units come on the market, contact Pink Miami. We can set up alerts for One Bay listings and related properties in the area.

You can also browse Miami townhouses for sale to see other townhome options across the city.

Contact for Showings

Interested in viewing One Bay Residences? Here is how to arrange a visit:

Step 1: Check Current Availability

Because One Bay has only 38 units, inventory changes frequently. Start by confirming which units (if any) are currently available for sale or rent.

Step 2: Schedule a Showing

One Bay is a gated community. You will need an agent to coordinate building access and showing times with any listing agents.

Step 3: Tour the Property

During your visit, pay attention to:

Multi-level layout and stair navigation
Natural light and window exposure
Rooftop terrace size and condition (if applicable)
Garage and parking setup
Noise levels from neighboring units
Pool and common area maintenance
Distance to Design District (worth walking it)

Step 4: Review Association Documents

Before making an offer, request and review:

HOA financials and budget
Rules and regulations
Reserve fund status
Rental policies (if you plan to rent)
Any pending special assessments

Questions to Ask:

What is the current HOA fee for this specific unit?
Are there any pending special assessments?
What is the rental policy (minimum lease term, frequency restrictions)?
Is the rooftop terrace exclusive to this unit or shared?
What is included with the unit (appliances, fixtures, furnishings)?

Ready to see One Bay Residences? Contact Pink Miami to schedule a private showing and get current availability for this boutique townhome community in the Design District.