What Opera Tower Is
Opera Tower sits at 1750 N Bayshore Drive in Miami’s Edgewater neighborhood, developed by Florida East Coast Realty and designed by Corradino Group, completed in 2007 with 635 studio, one-, and two-bedroom units across 56 floors.
Current Pricing
The table below reflects a dated MLS snapshot rather than a static “starting at” figure that could be years old.
| Metric | Value | As of |
|---|---|---|
| Units for sale | 17 | June 24, 2026 |
| Price range | $355,000 to $675,000 | June 24, 2026 |
| Total units in building | 635 | Ongoing |
| Stories | 56 | Ongoing |
| Year built | 2007 | Ongoing |
Source: Zilbert.com Opera Tower listings.
The exact figure to watch is the spread, not the average: a studio near $355,000 and a two-bedroom near $675,000 in the same building tell you unit size, not building condition, is driving most of that range.
What the Monthly Number Actually Covers
Miami-Dade high-rise condo dues aren’t primarily paying for lifestyle anymore.
| Cost component | 2025 figure | Change from 2024 |
|---|---|---|
| Median Miami-Dade high-rise HOA fee | Over $1,900/month | Up about $500/month |
| Association insurance portion of dues | About $377/month per unit | Up 25% |
| Miami HO-6 personal condo insurance (buyer-paid, separate from HOA) | About $2,570/year | Highest average of any Florida city |
Sources: WLRN’s reporting on First Service Residential’s benchmarking data; Worth Insurance’s 2025 Florida condo insurance guide.
These are Miami-Dade high-rise averages, not an Opera Tower-specific figure. Ask the association directly for the building’s current dues, its insurance renewal terms, and any pending special assessment before assuming the listed figure will hold past the next renewal.
The Reserve Study Every Building This Age Now Faces
Opera Tower is well past the point where a structural reserve study is optional.
| Requirement | Legal trigger | Applies to Opera Tower | Deadline |
|---|---|---|---|
| Structural Integrity Reserve Study (SIRS) | Any condo 3+ stories, any age | Yes, building is 56 stories | Initial study due December 31, 2025, per HB 913 (or with a Milestone Inspection by December 31, 2026) |
| Milestone Inspection | Triggered at 30 years from certificate-of-occupancy year, then every 10 years | Not yet, based on the building’s 2007 completion year | Due around 2037 |
| SIRS reserve funding | Incorporated into the annual budget once the study is complete | Applies once the study above is filed | Ongoing; no waiver for budgets adopted after January 1, 2025 |
Sources: Florida DBPR Division of Condominiums; Henderson, Franklin, Starnes & Holt’s legal summary.
This matters because the two requirements get confused constantly: the SIRS is a financial reserve exercise due now regardless of the building’s age, while the Milestone Inspection is a structural safety inspection Opera Tower won’t face for roughly another decade. Asking only whether the building has had its milestone inspection is the wrong question for 2026; the question that applies right now is whether the SIRS has been filed and whether its funding schedule already shows up in the monthly dues.
Is Opera Tower required to complete Florida’s new structural reserve study?Yes. Every Florida condominium of three stories or more must complete a SIRS regardless of age, with the initial deadline extended to December 31, 2025. This is separate from the 30-year Milestone Inspection, which for a 2007 building falls due around 2037.
Financing: Why a Listed Price Isn’t a Guaranteed Loan
A unit can be listed at $400,000 and still be difficult to finance conventionally if the building itself fails a lender’s project review.
| GSE eligibility trigger | Threshold | Consequence if breached |
|---|---|---|
| Reserve funding level | Must reach 15% of the annual budget | Project can be flagged ineligible in Fannie Mae’s Condo Project Manager |
| Unfunded critical repairs | Over $10,000 per unit for structural, safety, or habitability items | Automatic ineligibility for conventional financing |
| Master policy deductible | Capped at 5% of total coverage | Project can be deemed non-warrantable |
| Assessment delinquency | More than 15% of units 60+ days past due | Project can be flagged ineligible |
Sources: Fannie Mae’s Condo Status Finder; Campbell Property Management’s summary of the 2026 rule changes.
Buyers relying on conventional financing should have their lender run Opera Tower through Fannie Mae’s Condo Status Finder before writing an offer, not after. An unavailable or ineligible flag shrinks the buyer pool to cash and portfolio-loan buyers, which tends to soften resale prices independent of any single unit’s condition.
Will my Fannie Mae or Freddie Mac loan get approved at Opera Tower?It depends on the building’s current reserve funding level and repair status, not on the unit itself. Have your lender check Fannie Mae’s Condo Project Manager for this address before making an offer contingent on conventional financing.
What the Public Record Doesn’t Agree On
Independent listing sources disagree on the building’s interior square footage range, with figures spanning as low as the low 500s and as high as roughly 1,225 square feet depending on the source and its collection date. That gap is large enough to matter for a per-square-foot comparison between units.
Why do square footage figures disagree across listings?Interior square footage figures published across real estate sites are often pulled from different MLS entries collected years apart, and some include balcony area while others don’t. For any specific unit, request the condominium survey, the recorded exhibit that defines the unit’s boundaries, rather than relying on a listing aggregate.
Running the Numbers as an Investor
A gross rental yield calculation for Opera Tower can’t be completed responsibly right now: current achieved or asking rents for this specific building aren’t available from a source independent of the general brokerage listings already flagged above, and republishing a brokerage-sourced rent figure as fact would repeat the exact sourcing problem this page is built to avoid. An investor should pull the building’s trailing 12 months of comparable rentals from a licensed property manager or the association, divide annual rent by the all-in purchase price to get gross yield, then subtract the dues and insurance figures in the cost-of-ownership table above to approximate net yield before financing costs. The building’s rental policy, including any minimum lease term, needs its own confirmation from the association rather than an assumption drawn from a listing page.
Reported Incidents and Building Management
Opera Tower has drawn repeated police response over more than a decade, independently reported by multiple newsrooms rather than a single source.
- May 2013: A triple shooting in the building’s lobby and stairwell was later tied by investigators to a counterfeit credit-card operation found in a 19th-floor unit, per CBS Miami and Miami New Times reporting on the police warrants.
- May 2018: A man was found with a gunshot wound after security reported hearing shots near the 21st floor, per Patch’s report on the Miami Police Department incident.
- June 2020: An exchange of gunfire on the third floor was followed days later by a building lockdown over a separate report of gunshots that police concluded, after investigation, had not occurred, per Local10/WPLG.
- February 2022: A person suffered a gunshot wound in the building, per WSVN’s report.
- December 2023: Police investigated a reported bullet hole in an apartment wall, per Local10’s report; no injuries were reported.
None of these reports describe an ongoing or unresolved safety condition, and building security staffing may have changed since any of these dates. What is worth asking the association about directly is turnover in on-site security staffing and any post-incident policy changes, not any single incident in isolation.
Has Opera Tower had safety incidents residents should know about?Independent local news has reported multiple firearm-related incidents at the address across 2013, 2018, 2020, 2022, and 2023. None of the linked reports describe a current unresolved condition, but a prospective buyer should raise current security staffing and any post-incident policy changes directly with the association.
Amenities and Location
Opera Tower carries the amenity set typical of a 2007-era Edgewater tower: a pool, fitness center, 24-hour concierge, and ground-floor retail space, situated across the street from Margaret Pace Park on Biscayne Bay. Current ground-floor tenants and any recent amenity renovations are best confirmed with a recent visit or the association rather than an older listing page.
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