The Charter Club
Edgewater's original 1970s bayfront high-rise sitting on 6 acres of prime waterfront land. The location is unbeatable, but the building has passed its prime and is overdue for either a total renovation or a developer buyout.
The Rundown
The Charter Club on the Bay is Edgewater's original high-rise condominium, built in 1973 on over 6 acres of prime bayfront land. This 23-story, 456-unit building was a landmark when it opened, famously wrapped in a giant red ribbon for its grand opening and earning the nickname 'The Red Ribbon Condominium.' The building features a mix of studios, one-bedroom, and two-bedroom units ranging from 757 to 1,850 square feet, with many units offering direct bay views toward Miami Beach. Amenities include a heated pool, jacuzzi, two tennis courts, basketball and handball courts, a fitness center, and an on-site mini-mart. However, the building has not undergone a comprehensive renovation since it was built, and the common areas, amenities, and unrenovated units are extremely dated. The Charter Club is currently facing a decision point: proceed with a planned full exterior glazing replacement (all windows and doors) that will take multiple years, or entertain developer buyout offers for its massive waterfront land parcel. The building's 6-plus acres of bayfront real estate make it one of the most valuable development sites in Edgewater.
The Charter Club is Edgewater's original high-rise, and it shows. Built in 1973 on over 6 acres of prime bayfront land, the location is genuinely irreplaceable and the views are spectacular. But the building has passed its prime in every measurable way. The common areas are stuck in the 1970s. The elevators are unreliable. The unrenovated units are borderline unrecommendable. The gym and pool are extremely basic and outdated. The building faces a critical decision: proceed with a multi-year, disruptive, and expensive exterior glazing replacement, or accept a developer buyout that could take years to negotiate with 456 owners. I would not recommend buying here for personal use. There are far better options in Edgewater at similar or slightly higher price points. The only scenario where buying makes sense is as a speculative play on a future developer buyout, and even then, understand that the timeline could be very long and the process very contentious. If you are renting, find one of the individually renovated units and enjoy the waterfront location and views at a relatively low price. But for buying and living, this building needs to go.
✦ Ask Chris AI about The Charter ClubWho Lives Here
The Charter Club has a diverse mix of long-term owner-occupants who have lived in the building for decades, investors renting out units, and newer residents attracted by the relatively low prices and waterfront location. The demographic skews older, with many retirees and empty nesters who bought in the building years ago. There is also a growing contingent of younger renters and investors who see the buyout potential. The building has a more laid-back, old-school Miami vibe compared to the newer towers in Edgewater.
The Neighborhood
The Charter Club sits in northern Edgewater on over 6 acres of prime bayfront land. The neighborhood is undergoing rapid transformation with new luxury developments reshaping the skyline in every direction. Biscayne Boulevard is a few blocks west with Target, The Shops at Midtown, and a growing collection of restaurants and services. The Design District is about a mile away for high-end shopping. The area is quieter than central Edgewater but is increasingly surrounded by new construction.
Biscayne Bay waterfront
Over 6 acres of direct bayfront property with water views to Miami Beach.
Target and The Shops at Midtown
Major retail center with Target, restaurants, and shops.
Design District
High-end shopping district with flagship stores, galleries, and restaurants.
Biscayne Boulevard restaurants
Growing dining and nightlife corridor with diverse options.
Metromover
Free automated transit connecting to Downtown and Brickell. Approximately 15 blocks south.
◆ What's Changing
Northern Edgewater is entering a major development cycle. The row of older condo buildings directly to the north of The Charter Club will likely be buyout targets in the next 5 to 10 years, with potential for full redevelopment from the bay to Biscayne Boulevard. Several vacant lots to the west are also slated for development in the next 3 to 5 years. The Charter Club itself sits on one of the most valuable underdeveloped parcels in Edgewater and will almost certainly attract developer interest. Expect heavy construction activity in the surrounding area for the foreseeable future.
What You Get
Pool & Recreation
- ✓Heated swimming pool
- ✓Jacuzzi hydro spa
- ✓Landscaped bayside relaxation deck
Fitness & Sports
- ✓Fitness center
- ✓Two tennis courts
- ✓Basketball half court
- ✓Handball court
Social Spaces
- ✓Community room
- ✓Picnic area
- ✓On-site mini-mart convenience store
Building Services
- ✓24/7 attended front desk
- ✓Secure lobby access
- ✓Assigned covered parking
- ✓Guest parking available
- ✓Elevator access
Outdoor
- ✓6+ acres of bayfront property
- ✓Direct Biscayne Bay waterfront
- ✓Intracoastal access
Elevator Experience
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