May 2026: Miami New Development and Preconstruction Condo News 

Led by the arrival of global hospitality and lifestyle brands seeking a foothold in the city’s most sought-after neighborhoods, Miami’s luxury preconstruction condo market continues to make waves. Among April’s most notable announcements was Anantara’s U.S. debut, adding another internationally recognized luxury-hospitality name to Miami’s growing branded-condo landscape.

 

Last month also saw several high-end sales launches, including Miami Design Residences by Fouquet’s in the Design District, DUOS Wynwood, and One Twenty Brickell Signature Residences. Each project reflects a distinct interpretation of luxury living informed by the character and lifestyle of its neighborhood.

Miami’s redevelopment wave further intensified as developers pursued aging condominium sites to meet the ongoing demand for luxury waterfront residences. Read on for comprehensive updates in our May 2026 Miami condo preconstruction report.

— Miami Preconstruction Condo Market at a Glance

Completed

1. The Well in Bay Harbor Islands

2. The Standard Residences in Midtown Miami

3. NoMad Residences in Wynwood

4. E11EVEN Club Hotel & Residences in Downtown Miami

Sales Launched

5. Miami Design Residences by Fouquet’s in Design District

6. DUOS Wynwood in Wynwood

7. One Twenty Brickell Signature Residences in Brickell

Topped Off

8. La Baia North in Bay Harbor Islands

Broke Ground

9. OPUS Coconut Grove in Coconut Grove

10. CORA Merrick Park in Coral Gables

11. Parkside Brickell Residences in Brickell

Approved

12. 26-Story Waterfront Condo by El-Ad in North Bay Village

Planned/Proposed

13. Anantara Miami Resort & Residences in Edgewater

14. 28-Story Luxury Condominium by Terra Group in South Beach

Construction Updates

15. Aria Reserve North Tower in Edgewater

16. Cipriani Residences in Brickell

17. 600 Miami Worldcenter in Downtown Miami​​

18. Residences at Mandarin Oriental, Miami in Brickell Key

Other Updates

19. JEM Private Residences in Downtown Miami

20. Kempinski Residences Miami Design District in Design District

21. 619 Brickell by Nobu in Brickell

22. St. Regis Residences Sunny Isles in Sunny Isles Beach

23. Colette Residences in Brickell

24. Casa Cipriani Miami in Mid-Beach

25. Continuum Club & Residences in North Bay Village

Watch List

26. Mercedes-Benz Places in Brickell

27. Potential Bulk Buyout of the St. Louis Condo in Brickell Key

28. 6.6-Acre Assemblage Listed for $500 million in Downtown Miami

— Miami Preconstruction Condos: Completed

The Well in Bay Harbor Islands

 

Owners can now start moving into their The Well-branded homes in Bay Harbor Islands, as Terra Group secured the project’s Temporary Certificate of Occupancy (TCO) this April. The developer also announced that the building’s wellness-focused club will open later this summer, following Miami’s recent trend of health-forward condos. GoldenGood Market + Eatery, an evolution of Key Biscayne’s beloved The Golden Hog, will be arriving next year as the building’s ground-level retail store.

 

Designed by Arquitectonica, the 66-unit mid-rise prioritizes sustainability and has a Florida Green Building certification. Residences feature interiors by New York-based Meyer Davis Studio, Kore Workstation Kitchen Sinks, Sub-Zero and Wolf appliances, a built-in wine fridge, rain showers, and stone floors in the primary bath. Light-filled layouts, aromatherapy diffusers, and a meditation corner create a deeply restorative environment in each home.

 

Among the 8-story building’s wellness-centered amenities are Miami’s first caldarium, a high-end fitness center, a halotherapy steam room, IV vitamin therapy, a Cold Dip experience, restorative water features, and wellness products provided by THE WELL practitioners.

Additional offerings include a private beach club, a rooftop pool deck with summer kitchen, a 4,000-square-foot restaurant specializing in organic and sustainable dining, a cozy reading room and tea lounge, dedicated children’s programming and wellness activities, access to the latest tech in THE WELL Locker, coworking spaces, and an electric house car. The development also has a four-story building featuring 102,000 square feet of office space, which is now almost fully leased.

 

Prices at The Well, Bay Harbor Islands start at $1.5 million, with a choice of one- to three-bedroom residences. Contact us to explore available units at this move-in-ready address.

The Standard Residences in Midtown Miami

 

Marking Midtown’s first new condo development in about seven years, The Standard Residences secured its TCO this April. Developers Rosso Development, Hyatt, and Midtown Development are now moving forward with closings at this residential-only building.

 

Designed by Arquitectonica, The Standard Residences stands 12 stories tall with 228 luxury residences. Units range from 432 to 965 square feet, with studio to two-bedroom layouts. Despite its partnership with the New York-based hospitality brand, the building does not include a hotel component. In addition to modern interiors by Urban Robot Associates, homes feature open-concept kitchens with top-of-the-line appliances, premium wood-inspired flooring throughout, custom bathrooms with double vanities and dual showerheads, and other high-end touches.

 

Of note is the project’s impressive culinary lineup, starring Sushi Garage, the rooftop Solana Restaurant and Bar, the Rosetta Bakery Café, Privato Speakeasy, and Mannarino’s debut U.S. location, where expert butchers guide guests through a hand selection of premium cuts. Other amenities include a landscaped rooftop with a 60-foot resort-style sunset pool, outdoor rain showers, an infrared sauna, an indoor pickleball court with disco lights, a karaoke bar and screening room, a state-of-the-art sweat floor, a work floor featuring coworking spaces and Zoom rooms, and a pet spa.

 

Owners are allowed to rent their residences up to 12 times per year with 30-day minimum stays. They can also enjoy preferred pricing across The Standard’s global properties via its “Friends with Benefits” program.

 

Contact us for the latest pricing and availability at The Standard Residences.

NoMad Residences in Wynwood

 

Another hospitality-branded, residential-only project announced its completion this April. Developers Related Group, Tricap, and Sydell Group confirmed that the building is over 90% sold, with closings officially underway. The Arquitectonica-designed NoMad Residences stands nine stories tall with 329 turnkey condos. Each fully furnished home features avant-garde interiors by DesignAgency, with units ranging from 464 square feet to 931 square feet, with a choice of studios to two-bedroom residences.

 

The building’s standout amenities are the newly opened 13,000-square-foot Casa Tua Cucina on the ground floor and a restaurant helmed by James Beard Award–winning chef Leo Robitschek, slated to debut later this year. Other amenities include a fully serviced pool deck with private cabanas, an indoor-outdoor fitness center, a rooftop NoMad Bar, a NoMad library, a poker room, an outdoor cinema with a grilling area, coworking spaces, retail space, and museum-quality art from Jorge M. Pérez’s (CEO of The Related Group) private collection. Owners are allowed short-term rentals managed by NoMad’s in-house team.

 

Reach out for the latest pricing and remaining developer opportunities at the move-in-ready NoMad Residences in Wynwood.

Button: Read our top advice on buying and financing Miami preconstruction

E11EVEN Club Hotel & Residences in Downtown Miami

 

Closings are already underway at the landmark address after receiving TCO. Designed by Miami’s award-winning Sieger Suarez, E11EVEN Club Hotel & Residences stands 65 stories tall with 416 luxury condos, right in Miami’s urban core. The sleek building is a short walk from Downtown’s E11EVEN nightclub and its sister condominium called E11EVEN Club Residences Beyond, which will be connected via a sky bridge.

 

Standout amenities include a unique “24/11” (read: 24/7) rooftop poolside entertainment concept, a 20,000-square-foot multi-level E11EVEN Beach Day Club and pool, a sanctuary spa and studio, a world-class med spa, a casino-style sports lounge, art installations, and a custom concierge app. The condo-hotel will also feature 36,852 square feet of commercial space plus 2,049 square feet of office space. Owners have the option of enrolling in E11EVEN’s short-term rental program.

 

This April, developers PMG and E11EVEN Partners announced the arrival of HONO, a modern Japanese steakhouse which will debut later this year as part of the tower’s gastronomic offerings. Spanning three distinct spaces, the Japanese concept will unfold across a second-floor restaurant and lounge plus a rooftop dining and entertainment venue.

 

Contact us for available units for sale and rent at E11EVEN Club Hotel & Residences.

— Miami Preconstruction Condos: Sales Launched

Miami Design Residences by Fouquet’s in Design District

Groundbreaking: 2027 | Completion: 2030

 

Partners Raycliff Capital, Miami Design District Associates, Fort Partners, and Constellation Hotels Holding Ltd. officially launched sales for their Fouquet’s-branded development in April, bringing the Parisian luxury hospitality brand to South Florida. This developer lineup is particularly noteworthy for its inclusion of Miami Design District Associates’ Craig Robins, the mastermind behind the creation of the Design District, and Fort Partners, known for highly successful, Four Seasons-branded projects.

Pritzker Prize-winning architect David Chipperfield’s London practice, together with Miami-based Cube3, is leading architecture, while France’s RDAI is overseeing interiors. The sales launch pertains to the 25-story, 143-unit residential tower, while a separate 12-story building will include 20 condo-hotel residences, 85 hotel keys, and more than 55,000 square feet of commercial space curated by Miami-based Dacra. Residences will range from 910 to 4,352 square feet.

 

Each building will feature its own rooftop pool deck. Other amenities include a fitness center with a private training studio, a spa with a hammam, a cold plunge, a sauna, a steam room, a salon, a lounge and juice bar, a golf simulator, and a children’s playroom. As expected, Fouquet’s will oversee both the hotel and residential operations, offering hospitality-driven services that include housekeeping and chauffeur programs, as well as lead the project’s five dining concepts.

 

Prices start at $1.8 million, with a choice of one- to four-bedroom residences. Contact us directly to secure early-bird pricing and preferred floor-plan selection at one of the Design District’s iconic new addresses.

DUOS Wynwood in Wynwood

Groundbreaking: Late 2026 | Completion: 2028

 

Developer trio Wave Group Development, Vitrium Capital, and Zambala Luxury Apartments have launched sales for a boutique condo-hotel project designed for flexible ownership and short-term stays. Designed by MKDA’s Miami-based practice, the eight-story development will comprise 49 luxury condo-hotel residences with interiors by hospitality-focused design firm AvroKO. The amenity offering will include an art-filled lounge, a coffee bar, coworking spaces, a fitness center, and 3,000 square feet of ground-floor retail. Short-term rentals of up to 30 days will be accepted.

 

Prices start at the $500,000s, with a choice of studios to two-bedroom residences. Contact us to secure your next investment condo or vacation rental within the dynamic, strategically located Wynwood neighborhood.

One Twenty Brickell Signature in Brickell

PMG officially launched sales for the second project in its live-work series of developments, following the complete sellout of One Twenty Brickell. Like its sister project, this new signature tower offers a deeded private office suite with every home purchase.

 

Designed by Sieger Suarez Architects, the 40-story tower will feature 467 fully furnished residences with Italian kitchens, custom countertops and backsplashes, Miele appliance packages, Italkraft cabinetry, Waterworks fixtures, integrated smart-home systems, and contemporary lighting throughout.

 

Of the 50,000 square feet of amenities, highlights include the One Twenty Signature Club, a resort-style pool deck, a wellness center with spa facilities, fitness and movement studios, and a café and juice bar. The office suites will feature a secure-access system, Wi-Fi connectivity, furnishings, TV wiring, and finished accent walls.

 

Reach out to explore pricing and detailed floor plans at this innovative live-work concept.

— Miami Preconstruction Condos: Topped Off

La Baia North in Bay Harbor Islands

Groundbreaking: October 2024 | Completion: 2027

 

After securing a construction loan last August, Ian Bruce Eichner, CEO of Continuum Company, announced the successful top-off of La Baia North this April, keeping the project on track for a 2027 delivery. Located just 80 yards away, sister project La Baia South was completed earlier this January.

 

Designed by Revuelta Architecture, the boutique waterfront development rises eight stories with 57 ultra-luxury residences. Echoing the light-filled aesthetic of its sister tower, La Baia North offers plus-den floor plans ranging from 1,400 to 2,100 square feet. Interiors by New York-based Durukan Design feature European wide-plank wood flooring, custom kitchens with Miele appliances, generous double-closet space, and expansive balconies with glass railings.

 

Residents will enjoy over 20,000 square feet of resort-style amenities. Highlights include a rooftop pool deck with a separate kids’ splash pad, a sunset lounge with a fire pit, a fitness center, and a private marina with a water-sport launch dock. 

 

Additional offerings include a Tesla house-car service, business and study pods, 8,500 square feet of landscaped green space, and private boat slips available for purchase.

 

Prices at La Baia North started at $1.4 million, with a choice of two- to four-bedroom residences.

— Miami Preconstruction Condos: Broke Ground

OPUS Coconut Grove in Coconut Grove

Groundbreaking: April 2026 | Completion: 2027

 

META Development, a joint venture between Miami-based Lucid Investment Group and Brazil-based Iron Capital, broke ground this April on its boutique Coconut Grove project, making it the latter group’s first Miami development to enter construction. The project was last reported to be 60% presold. 

 

Designed by Kobi Karp, the six-story boutique building will comprise just 14 luxury residences ranging from 1,900 to over 2,600 square feet. Interiors by renowned Brazilian designer João Armentano will embrace a quiet luxury aesthetic through muted palettes, natural wood and stone finishes, gourmet kitchens, spa-inspired baths, and expansive terraces designed for indoor-outdoor living.

 

Mezzanine-level amenities include a kids' playroom, workstations with private conference rooms, a wine cellar, and private storage units for each residence. Additional offerings will feature a rooftop pool, a rooftop bar and lounge with an outdoor kitchen, a rooftop gym with lush green views, and an exclusive spa with treatment rooms. Each residence will also come with up to three parking spaces equipped for EV charging.

 

Prices at OPUS Coconut Grove start at $2.8 million, with a choice of three- and four-bedroom residences.

CORA Merrick Park in Coral Gables

Groundbreaking: April 2026 | Completion: 2028

 

Developers Constellation Group and Boschetti Group broke ground on the 30% presold CORA Merrick Park in April. Among the first condominium developments in Coral Gables to place wellness as its North Star, the project has engaged Lamarca Well as its wellness consultant to help with programming and pursuing a building certification from the International Well Building Institute (IWBI).

 

The Arquitectonica-designed condo will rise 13 stories with 74 residences, featuring interiors by Urban Robot. Units will range from about 700 to 2,700 square feet, with organic finishes including wood, stone, and marble. There will be a selection of 13 distinct floor plans curated for biohacking and longevity.

 

Amenities at CORA Merrick Park will include spa facilities with red-light-therapy panels and health monitoring systems, a fitness center, contrast hydrotherapy pools, and a dedicated wellness concierge. Other offerings include a rooftop pool deck, a padel court, a boardroom, a coworking lounge, and entertainment spaces.

 

The project will also feature 13,000 square feet of offices on the second and third floors, along with 8,000 square feet of ground-floor retail. Developers have also committed to creating a 5,000-square-foot public park anchored by a 12-foot bronze sculpture from renowned artist Jaume Plensa.

 

Prices at CORA Merrick Park start at the $900,000s, with a choice of one- to three-bedroom residences.

Parkside Brickell Residences in Brickell

Groundbreaking: April 2026 | Completion: Q2 2028

 

Developer BI Group USA celebrated the groundbreaking of its wellness-focused development, following the unveiling of the project’s extensive amenity program last month. Designed by Kobi Karp, Parkside Residences at Brickell will rise eight stories with 187 fully furnished residences featuring interiors by 2ID Interiors. Positioned as a turnkey investment opportunity in Miami’s financial district, this is another luxurious Miami property that offers no rental restrictions.

 

As for amenities, the rooftop pool deck and lounge will take a starring role in this boutique project. Additionally, there will be a fitness and cycling studio featuring Technogym equipment, a yoga and mindfulness room, a zen garden, a spa with a wellness circuit, a lounge with coworking spaces, pet-friendly facilities, and EV charging stations.

 

Prices for Parkside Residences at Brickell start in the low $400,000s, with a choice of studios to two-bedroom-plus-den residences. Reach out for more details on this Airbnb-approved development.

 

Button: Discover the best Miami Airbnb condos and learn more about taxes and expected ROI in our expert video

— Miami Preconstruction Condos: Approved

26-Story Waterfront Condo by El-Ad in North Bay Village 

El-Ad National Properties has secured preliminary approval from the North Bay Village Planning & Zoning Board for a height increase tied to its proposed tower at 7913–7915 West Drive. The developer is seeking to exceed the previously approved 22-story limit granted to the former owner, making way for a taller 26-story luxury condo.

 

Redesigned by GarciaStromberg, the waterfront development will feature 94 luxury residences with expanded floor plans. Units will range from approximately 1,158 to 6,640 square feet, with one- to four-bedroom layouts and pricing anticipated to average above $2 million. The revised plan includes 30,848 square feet of amenities, including a resort-style pool deck.

— Miami Preconstruction Condos: Planned/Proposed

Anantara Miami Resort & Residences in Edgewater

Groundbreaking: N/A | Completion: 2030

 

Miami’s One Thousand Group, known for impeccable projects such as One Thousand Museum and Paramount Bay, has partnered with Thailand-based Minor Hotels to debut the first Anantara presence in the United States. The hospitality brand, recently spotlighted on season three of HBO’s The White Lotus, takes its name from the Sanskrit word for “without end.”

 

Planned for the 1.6-acre site at 3601 Biscayne Boulevard, Anantara Miami Resort & Residences—previously known as Tower 36 before securing its hotel branding—will sit just minutes from I-95 and offer convenient proximity to both the Design District and Midtown. Designed by Kohn Pedersen Fox alongside ODP Architecture & Design, the 50-story tower will feature 100 private condominiums, 120 rentable resort residences, and 50 hotel suites. Milan-based Patricia Urquiola leads interiors, with this being her first U.S. residential project.

 

The hotel component will occupy the three lower levels of the tower, with the resort residences and private condominiums above. Amenities will center heavily around wellness, including a dedicated vitality center featuring longevity programming focused on movement, nutrition, and recovery. The project will also feature a pool terrace and a helipad. Sales are expected to launch later in the year.

28-Story Luxury Condominium by Terra Group in South Beach 

Terra has submitted plans for a new 28-story building at 1250 West Avenue in Miami Beach, replacing the existing Bay Garden Manor Condominium. Originally developed alongside JDS Development Group, Terra confirmed the firm exited the partnership earlier this year as plans for the 1.91-acre site continue moving through the Miami Beach Development Review Board.

 

Designed by ODP Architects, the updated proposal calls for 106 residences with expansive floor plans ranging from 1,692 to 5,066 square feet. The project replaces an earlier concept that envisioned 100 condos and a 180-seat ground-floor restaurant. Amenities are expected to include ground-level and rooftop swimming pools, a padel court, a spa, an expansive fitness center, more than 1,600 square feet of commercial space, and 250 parking spaces.

— Miami Preconstruction Condos: Construction Updates

 

Aria Reserve North Tower in Edgewater

Groundbreaking: October 2023 | Completion: Q3 2026

 

Developer Melo Group announced that Aria Reserve North Tower is nearing completion after topping off in record time last July. The bayfront property’s South Tower received its Temporary Certificate of Occupancy (TCO) in June last year.

The 62-story, Arquitectonica-designed twin towers will be home to 782 luxury condos, 399 of which will be in the North Tower. Homes range from 1,028 to 3,289 square feet, with one- to four-bedroom layouts. All units feature direct water views, 11-foot-deep terraces, east-to-west flow-through floorplans, and a dedicated office or bonus room. Interior design will be by MORADA Haute Furniture Boutique.

 

A 2-acre recreation deck is the centerpiece of the amenities at Aria Reserve North Tower, featuring a semi-Olympic lap pool, a whirlpool spa, a children's splash pad, a gaming center, a teen lounge, and a playground. Other amenities include a waterfront restaurant, a café, a solarium, miniature golf, tennis courts, a basketball court, a padel court, an indoor-outdoor wellness center, a wine cellar, meditation gardens, a dog park, and a custom watersports dock with rentable equipment.

 

Contact us for a private viewing of the residences at Aria Reserve North Tower or the move-in-ready Aria Reserve South Tower.

Cipriani Residences in Brickell

Groundbreaking: February 2024 | Completion: 2027

 

Developed by Mast Capital, Cipriani Residences is part of a three-tower megadevelopment planned for 1420 South Miami Avenue. The 80-story tower is now advancing toward its final height of nearly 950 feet, reportedly rising at a near-record pace of one floor every three working days.

 

Designed by Arquitectonica, this residential-only building will feature 397 ultra-luxury units. Residences and common spaces will be crafted to embody the brand’s famed standards of Italian hospitality. Units will feature interiors by 1508 London, expansive terraces, custom Italian kitchen cabinetry, Wolf and Sub-Zero appliances, and an intelligent interface system that links to essential building services.

 

Amenities will include a two-pool deck with cabanas and food service, a sun terrace, a pickleball court, a golf simulator, a beauty salon, a fitness center, a spa with an ice plunge, a screening room, a library, a children’s playroom, and a dog park. There will also be round-the-clock Cipriani dining services consisting of a Cipriani bar and private dining rooms, 10,000 square feet of retail, and an in-house limousine.

 

<Button: Get an inside look at the rapid rise of Cipriani Residences in our exclusive hard-hat video tour.>

 

Prices for the Cipriani Residences start at $1.8 million, with a choice of one-plus-den to four-bedroom residences.Cipriani’s Canaletto Collection Residences start at $4.1 million. Contact us for the chance to secure one of the final units remaining.

600 Miami Worldcenter in Downtown Miami

Groundbreaking: March 2024 | Completion: Late 2026

 

After topping off last October, 600 Miami Worldcenter remains on schedule for delivery later this year as exterior work continues to advance. Developed by Aria Development and Merrimac Ventures, the high-rise was intentionally designed without on-site parking, with residents instead benefiting from access to Miami Worldcenter’s parking infrastructure.

 

Designed by Revuelta Architecture International, the short-term-rental-friendly tower stands 32 stories tall with 606 turnkey condos. Floor plans range from 407-square-foot studios to 830-square-foot two-bedrooms, with interiors by The Design Agency. The mixed-use building also features a 4,500-square-foot full-service restaurant and 1,261 square feet of office space.

 

Standout amenities include a resort-style rooftop pool, a bistro and bar by GPG Hospitality (one of New York City’s premier restaurateurs), an artfully designed residential lounge, a 6,000-square-foot fitness center with an outdoor private training area by Homage fitness, a spa, summer kitchens and entertainment spaces, a game room, an arcade, a media room, and dedicated coworking spaces.

 

Contact us for off-market opportunities at the fully sold-out 600 Miami Worldcenter.

Residences at Mandarin Oriental, Miami in Brickell Key

Groundbreaking: Late 2026 | Completion: 2030

 

The demolition of the former Mandarin Oriental Hotel this April ushered in a new chapter for luxury redevelopment in Brickell Key, clearing the way for the Residences at Mandarin Oriental, Miami. The milestone comes just one month after the two-tower development set a new mainland-Miami pricing record with the sale of two penthouses at $49.9 million each.

 

Designed by Kohn Pedersen Fox Associates (KPF), the 850-foot South Tower will feature 228 condos with wraparound balconies and rich interiors by renowned Parisian designer Tristan Auer. Owing to its island location, all residences in the 66-story tower will be privy to panoramic water views. The shorter Mandarin Oriental North Tower will rise 426 feet with 121 guest rooms, 70 private condos, and 28 turnkey condo-hotel units.

 

A 100,000-square-foot, resort-style amenity podium will connect the two towers and include multi-tiered infinity-edge pools, an art walk, a signature spa, a state-of-the-art health and wellness club, a forest yoga lawn, a tea garden, and multiple restaurants. There will also be a kids’ activity center, a golf simulator, a game room, dining rooms with chef’s kitchens, executive work lounges, and a dog grooming spa. Landscaping will be by the renowned Thai firm, Shma.

Button: Watch our exclusive video interview with Adrian Gonzalez to get a feel for the Residences at Mandarin Oriental, Miami.

 

Prices start at $4.9 million for the condo-hotel units in the North Tower and $6.6 million for the private residences in the South Tower. Layouts for the private residences range from two to five bedrooms.

— Miami Preconstruction Condos: Other Updates

JEM Private Residences in Downtown Miami

Groundbreaking: April 2024 | Completion: Q4 2027

 

Developer Naftali Group announced two new culinary additions to the ground-floor retail component of its under-construction tower at the Miami Worldcenter: new Japanese dining concept ITO-Kaya and Malibu-born wellness café SunLife Organics.

 

With architecture by Arquitectonica and interior design by New York’s Rockwell Group, JEM Private Residences will top off at 67 stories, offering a mix of 278 condos and 530 rental units. The tower’s residential condos will range from 575 to 2,062 square feet and start from the 43rd floor.

 

Amenities will include a pool deck featuring a Lorenzo Quinn sculpture, a cold-plunge pool, an outdoor fitness center with a boxing ring, a yoga garden, a spirits tasting room, a private dining room, an indoor sky lounge, a boxing arena, a coworking area, and a spa with sauna, steam, and salt rooms.

 

Ensuring complete owner privacy, the condo and rental units at JEM will have separate-entrance lobbies, elevators, and amenity centers. Units can be rented up to four times per year, with a minimum stay of 30 days.

 

Prices for JEM Private Residences start at $600,000, with a choice of studios to four-bedroom residences. Contact us to receive the latest pricing and schedule a private presentation.

Kempinski Residences Miami Design District in Design District

Groundbreaking: N/A | Completion: Q4 2029

 

DaGrosa Capital Development Partners unveiled new interior renderings for Kempinski’s first branded residential project in the United States. The visuals offer an early look at Rockwell Group’s interpretation of the hospitality brand’s refined European sensibility and service-driven approach to luxury living.

 

Designed by Miami-based Arquitectonica, the two-tower project will rise 20 stories with 132 luxury condos, six townhomes, and 17 for-sale guest suites. Units will range from 2,100 to 3,100 square feet. Maintaining utmost privacy, the building will not allow short-term rentals.

 

Standout amenities will include a resort pool, a lap pool, a spa with recovery zones, a cold plunge, saunas, a padel court, a fitness center, and golf and Formula One simulator rooms. There will also be a restaurant with terrace seating, a private dining area, a library with wine and game lounges, a screening room, children's playrooms, splash pads, and shaded play areas.

Spanning 3801 and 3883 Biscayne Boulevard, the two towers will rise at the gateway of Miami’s Design District, providing easy access to luxury boutiques, high-end clothing brands, outdoor cafés, Michelin-starred restaurants, and world-class art.

Prices for Kempinski Residences Miami Design District start at $3.7 million, with a choice of two- to four-bedroom residences.

619 Brickell by Nobu in Brickell

Ahead of the project’s official June sales launch, developers 13th Floor Investments and Key International unveiled new details about Brickell’s upcoming Nobu-branded residences, which will be guided by a wellness-driven concept centered around biohacking and longevity.

 

At the heart of the project’s amenities is the Nobu Wellness & Longevity Spa, a one-of-a-kind service that will include cryotherapy chambers, hyperbaric oxygen suites, ozone treatments, an IV peptide therapy lounge, and physical-therapy suites. Complementing the experience will be an 86-foot sunset pool, a saltwater rejuvenation pool, hot- and cold-plunge pools, and a lap pool set within an indoor-outdoor spa garden. Movement enthusiasts will further appreciate access to padel courts and sport simulators. 

Designed by Foster + Partners in collaboration with Sieger-Suarez Architects, 619 Brickell by Nobu will rise 74 stories with 296 luxury condos. Residences will feature keyless entry, 9-foot ceilings, rain showers, and a suite of smart-home integrations. The project’s 90,000-square-foot amenity collection will also include a ground-floor Nobu restaurant, marking the brand’s second Miami-Dade location, alongside a residents-only Nobu cafe and bar by the pool deck.

 

Prices at 619 Brickell by Nobu start at $2.8 million, with a choice of one- to four-bedroom residences.

St. Regis Residences Sunny Isles in Sunny Isles Beach

Groundbreaking: August 2023 (South Tower) & 2026 (North Tower) | Completion: Q4 2028 (South Tower) & Q4 2029 (North Tower)

 

Partners Fortune International Group and Château Group, of The Ritz-Carlton Residences at Sunny Isles Beach fame, closed on a $113.75-million construction loan while unveiling plans for the full-floor oceanfront spa at St. Regis Residences Sunny Isles. This latest financing brings the project’s total funding to $532 million as vertical construction continues on the South Tower and the North Tower prepares to break ground later this year.

Spanning 10,000 square feet, the oceanfront spa will offer top-tier services including facials and massages, an infrared sauna, an aromatherapy steam room, a cold plunge and hot tub, relaxation lounges, and premium products from Secrets De Sothys and Davines. Residents can also expect a champagne and tea bar, a salon, and a nail studio.

 

Designed by Arquitectonica, the two-tower St. Regis Residences will rise 62 stories each, with a total of 320 luxury residences. Units will range from 1,785 square feet to 5,674 square feet and feature interiors by São Paulo-based Anastassiadis. Landscape architecture firm EDSA will oversee the green spaces.

 

Besides access to the St. Regis’ benchmark butler services, these residential-only towers will offer 70,000 square feet of amenities. Highlights include a private beach club, two public restaurants (beachfront and lobby), three ocean-facing pools, a separate sunset-facing pool, a wellness center and spa, pickleball and padel courts, a residents’ club with a dining area, a clubhouse with a cognac room, clubs for kids and teens, a wine bar, gaming rooms, a coworking center, a pet spa, and 10 guest suites (available for rent by owners).

Prices for remaining units at the St. Regis Residences, Sunny Isles start at $5 million, with a choice of two- to five-bedroom residences and penthouses.

Colette Residences in Brickell

Groundbreaking: 2026 | Completion: 2028

 

META Development completed its Brickell Avenue assemblage and secured $18.5 million in financing to fund predevelopment for its upcoming boutique project. Finalizing the site, the developer acquired condos at Houses of Brickell for a combined $11 million, adding the 0.8-acre parcel at 1880 Brickell Avenue.

 

A stone’s throw from North Brickell’s high-rises and bustling energy, Colette Residences embraces a pace of life that’s more serene and residential. Designed by Brazilian firm OSPA, the five-story building will feature only 38 luxury residences, with layouts beginning at a generous 2,145 square feet. Each residence will have a private storage unit and covered self-parking for two or three vehicles with EV charging.

 

Highlight amenities will include a 50-foot rooftop pool with private cabanas, a 5,200-square-foot sun deck, a wellness spa with a jacuzzi and steam room, a screening room, a meeting room, and a children’s playroom.

 

Prices at Colette Residences start at $3.3 million, with a choice of two- to four-bedroom residences. Reach out for more details and early opportunities in this South Brickell gem, where the developer is donating $10,000 for every unit sold to the nonprofit Friendship Circle of Miami.

Casa Cipriani Miami in Mid-Beach

With BH Group providing a $55.5-million loan, developers 13th Floor Investments and Midtown Equities have now secured a combined $105 million in financing to advance plans for their Miami Beach development. The Casa Cipriani brand already has two successful locations in New York and Milan, while its parent brand, Cipriani, is behind two residential developments in Miami: Mr. C Residences Bayshore Tower in Coconut Grove and Cipriani Residences Miami in Brickell.

 

The 19-story tower, designed by New York-based Brandon Haw, will feature a modern interpretation of the glamorous Art Deco style emblematic of Miami Beach. The landmark project will harmoniously blend the city’s unique character with Cipriani’s signature hospitality and refined dining experiences, all set against the idyllic backdrop of the Atlantic Ocean.

The oceanfront building will offer 23 ultra-luxury condos, a 36-suite boutique hotel, and a private members’ club as seen in Milan. Amenities will include a Cipriani Spa, a signature restaurant and club lounge, a pool, a library, a children’s playroom, and EV charging stations.

 

Prices at Casa Cipriani Miami start at $25 million.

Continuum Club & Residences in North Bay Village

Groundbreaking: April 2025 | Completion: July 2028 (first tower)

Partners Continuum Companies and Aksoy Holdings secured $344 million in financing to facilitate the construction of the waterfront development on Kennedy Causeway. The package includes $261 million in financing for the project’s first phase and an additional $83 million allocated toward predevelopment work for phase two, a condo-hotel.Designed by Arquitectonica, 36-story Continuum Club & Residences West will possess 236 luxury condos, all featuring uninterrupted bay views thanks to 80-foot view corridors on either side of the glass tower. Interiors will be by Funda Durukan of Durukan Design, while London-based Martha Schwartz Partners (known for a climate-conscious approach) will oversee landscape design. Residences will range from 800 to 4,000 square feet, and first buyers will receive a private yacht-club membership.

With over 60,000 square feet of indoor-outdoor amenities, residents will have access to a marina with boat pickup and drop-off, a bayfront pool, a separate sun pool, a world-class spa, a double-height indoor sports court, a golf simulator, a waterfront workspace terrace, an outdoor covered dog park, a kids’ outdoor splash pad, a teen game room, and a Tesla house-car service.

Phase two, Continuum Club & Residences East, was approved in June of last year. The building will rise 40 stories, offering a mix of 300 condos, 273 hotel rooms, 20,232 square feet of restaurants, some retail and meeting spaces, and a 20-slip marina.

 

Prices at Continuum Club & Residences West start at just under $1 million, with a choice of one-bedroom plus den to four-bedroom residences. Reach out to explore opportunities in this upscale, 50% presold project.

— Miami Preconstruction Condos: Watch List

Mercedes-Benz Places in Brickell

Groundbreaking: June 2024 | Completion: 2027

 

JDS Development is facing possible foreclosure at Mercedes-Benz Places after lender CWRE SSF Flamingo Capital LP filed an $80.4-million lawsuit tied to the construction loan. The Cottonwood affiliate, which recently took over the loan from Maxim Credit Group, alleges the borrower defaulted after missing the January 15, 2025 maturity date. Nearly $20 million in accrued interest is also being claimed as outstanding.

Legal pressure extends beyond the loan dispute, with six construction vendors also pursuing lien foreclosure claims against the developer. Meanwhile, presales at the Mercedes-Benz Places have reportedly reached approximately $450 million. Construction on the project has already progressed past ground level, although timelines could now be facing delays. JDS Development has stated it’s in active discussions with the lender in an effort to reach a swift resolution.

Designed by SHoP Architects and ODP alongside Mercedes-Benz’s design team, the project would comprise two towers of 60 and 64 stories, defined by a striking stacked-box profile. The towers would be home to a combined 1,195 luxury condos inspired by the car brand’s signature German precision.

 

Planned amenities include a rooftop pool deck with a “Silver Arrow Lounge,” sun and garden pools with F&B service, a series of saunas, an onsen ritual circuit with cabanas, a Himalayan salt room, a fitness center, padel courts, a custom Mercedes-Benz race-car simulator, coworking spaces, a screening room, a recording studio, a dog run, a kids’ room, and a children’s playground. There would also be two signature restaurants, a café, and a cocktail bar.

Potential Bulk Buyout of the St. Louis Condo in Brickell Key 

As prime waterfront development opportunities become increasingly scarce, Related Group and Terra Group are reportedly pursuing a buyout of the St. Louis Condo in Brickell Key. Market sources estimate pricing could approach $1.5 million per unit, valuing the transaction at near $200 million.

 

Completed in 1995, the 31-story condominium comprises 134 residences with two- to four-bedroom layouts. Negotiations between the developers and a group representing nearly 80% of unit owners have reportedly been ongoing for months, with closing expected next year.

 

Interest in a bulk sale has been growing among owners at the St. Louis for nearly two years, accelerated by recent property damage linked to the implosion of the nearby Mandarin Oriental hotel, which is being redeveloped into the two-tower Residences at Mandarin Oriental, Miami.

 

Should the transaction move forward, it would mark the first redevelopment of an existing condominium building on Brickell Key since the island’s original buildout decades ago.

6.6-Acre Assemblage Listed for $500 Million in Downtown Miami

One of the last major assemblages in Downtown Miami has officially hit the market with a $500-million asking price. Spanning 6.6 acres in Park West, the offering is being marketed by owners Michael Simkins, of Lion Development Group, and Marc Roberts, of Marc Roberts Companies, as a large-scale urban opportunity framed by its premier location, development scale, and flexible zoning.

The largest parcel spans approximately 4.1 acres at 1151 Northwest First Avenue, positioned adjacent to the upcoming I-395 Signature Bridge and Underdeck Park projects. The site also sits near the Miami Worldcenter, the nearly complete E11EVEN Club Hotel & Residences, the Kaseya Center, the Adrienne Arsht Center for the Performing Arts, Museum Park, and the Brightline train service at MiamiCentral.

 

Current zoning and FAA regulations permit up to 4.7-million square feet, with approximately 3,301 residential and hotel units at heights of up to 650 feet. Developers could potentially expand the project to more than 10-million square feet and over 6,600 units through Florida’s Live Local Act.

— Ready to Make Your Next Move with a Preconstruction Purchase?

Call, text, or email us today to have an expert agent review the fine print, give you insider tips on developer credibility, and secure your place in a stunning new condo.

 

If you’d like to stay up-to-date on all the preconstruction projects happening in Miami and Fort Lauderdale, join thousands of Condo Blackbook subscribers by signing up to our newsletter. You can also subscribe to our YouTube channel for all the latest news and insights into South Florida’s luxury condo market.

 

Disclaimer: All preconstruction project facts, including stories, units, amenities, and prices, are accurate to the best of our knowledge based on the time of publishing. They are subject to change without prior notice based on decisions by the developers. Please contact us for the latest information and project details.

 

 

Annual & Q4 2025 Miami Luxury Condo Market Report: Record Prices With Ongoing Buyer Leverage

 

Miami’s luxury condo market concluded 2025 on a mixed note, with both quarterly and annual sales posting declines but, yes, again record prices. These Miami real estate market trends were largely expected, as buyers were responding to positive tailwinds, such as lower mortgage rates, double-digit declines in insurance premiums, and stabilizing HOA costs.

 

Despite below-average sales activity, prices remained resilient in the $1-million-and-up segment. The price per square foot posted year-over-year gains in both our Q4 and full-year analyses, confirming that the $1,000/sq. ft. threshold is now a baseline for Miami’s maturing luxury condo market.

 

Meanwhile, the $2-million-and-up segment recorded a comparatively modest year-over-year slowdown in terms of sales volumes. Price per square foot in this category remained mostly flat, even as the median sale price rose 11% year-over-year in Q4 2025. This suggests buyers prioritized larger residences, driving up overall sales prices despite stable per-square-foot trends.

 

In our Q4 2025 neighborhood analysis, beachside markets continued to outperform the urban core. Mid-North Beach emerged as the strongest-performing area, delivering the highest percentage sales growth and price gains, while Fisher Island maintained its position as Miami’s most expensive zip code.

 

Read on to learn all about 2025 Miami luxury condo prices, quarterly sales volumes, days on market trends, and months of inventory stats in our exclusive, full-length Q4 2025 Miami Luxury Condo Market Report.

 

This luxury condo market report only includes data for properties priced $1 million and above, and covers the neighborhoods of Greater Downtown Miami (including Edgewater, Brickell, and Downtown), Miami Beach (including South Beach, Mid-North Beach, Surfside, Bal Harbour, Sunny Isles Beach, and Fisher Island), and Coral Gables and Coconut Grove (combined).

 

 

 

 

 

 

2025 Annual Highlights - Overall Luxury Miami Condo Market Stats

• 2025 Miami Luxury Condo Market Annual sales down 2.5% compared to 2024.

• South Beach led annual growth trends, posting a 19% increase in sales, the highest increase in our 2025-over-2024 analysis.

• Overall Price/sq. ft. reached a new all-time, record high of $1,030/sq. ft., marking a 4.5% increase compared to 2024.

• Fisher Island led the market in both pricing and growth in 2025, with a median price of $2,523/sq. ft. and the highest year-over-year increase in price per square foot at +14%.

• Days on Market increased 12.8% in our 2025-over-2024 review, as luxury condos took 88 days on average to sell.

• Downtown Miami emerged as the fastest-selling market of 2025, with luxury condos taking only 71 days to sell.

• Coconut Grove and Coral Gables (combined) recorded the lowest year-end inventory among all Miami neighborhoods at 11 months, reinforcing its position as the most dynamic submarket in our analysis.

• Downtown Miami reported the highest year-end inventory across all Miami neighborhoods in our review, with 62 months of supply.

• In 2025, like 2024, Miami was a buyer’s market.

Q4 2025 — Overall Miami Luxury Condo Market Highlights

• Sales fell 7.8% year-over-year in the fourth quarter, as seasonal slowdown and buyer hesitation weighed on activity.

• Mid-North Beach emerged as the strongest market in Miami, leading Q4 2025 sales growth with a 50% year-over-year increase.

• Overall Miami luxury condo prices (median) rose year-over-year in Q4 2025: price per square foot increased by 2% to $1,011/sq. ft., while sales price increased by 3.9% to $1.78M.

• Luxury condos in Mid-North Beach offered the best value to sellers, recording the highest year-over-year price per square foot gains of 27%.

• Fisher Island maintained its standing as the most expensive market for luxury condos in Miami, commanding the highest median price of $2,810/sq. ft. and sale price of $5.4 million.

• Luxury condos built in 2000-2014 continued enjoying the strongest demand, reporting the highest sales activity of all three segments under our review. Meanwhile, Miami's new construction segment, built 2015-2025, continued offering sellers the highest year-over-year return on investment (ROI).

• Days on Market increased 28% year-over-year in the fourth quarter, with condos selling in 91 days on average.

• Edgewater emerged as Miami's fastest-selling market in Q4 2025, with luxury condos selling in 65 days, on average.

• Months of Inventory closed at 23 months, up 4.5% year-over-year.

Table of Contents

1. Overall Miami Luxury Condo Sales 

2. Miami Neighborhood Trends: Number of Sales

3. Overall Miami Luxury Condo Price Trends

4. Miami Neighborhood Trends: Price (Price/sq. ft. & Median Price)

5. Overall Miami Sales and Price Trends by Building Year (Q4 2025)

6. Overall Miami Luxury Condo Days on Market

7. Miami Neighborhood Trends: Days on Market

8. Overall Miami Luxury Condo Inventory

9. Overall Miami Luxury Condo Trends: $2M+ Market

10. Conclusion

11. What Are the Miami Real Estate Predictions for 2026?

— Annual & Q4 2025 Overall Miami Luxury Condo Sales

 

 

 

Q4 2025 Sales down 7.8% year-over-year

Amid an expected year-end, seasonal slowdown and broader buyer hesitation observed throughout 2025, Q4 closed on a softer note:

 

Key Sales Statistics for Q4 2025:

 

• Q4 2025 vs Q4 2024: Sales dipped 7.8%, down from 358 in Q4 2024 to 330 sales in Q4 2025. (Fig. 1.1)

• Q4 2025 vs Q3 2025: Sales declined 2.7%, down from 339 in Q3 2025 to 330 this fourth quarter. (Fig. 1)

 

As Miami’s leading condo experts, we foresee a rebound in buyer activity as early as Q1 2026, driven by improving fundamentals, including lower mortgage rates, easing insurance premiums, more stable HOA costs following months of increases, and continued momentum in Miami’s growth.

 

 

Annual Sales flat versus 2024; Negative trendline

Overall, Miami’s luxury condo market saw a temporary softening in 2025 relative to previous years, largely due to a below-average high season as buyers adopted a more cautious stance in response to the headwinds detailed in our Q2 2025 luxury condo market summary report.

 

• 2025 vs 2024. Sales declined 2.5%, down from 1,502 total sales in 2024 to 1,464 in 2025. (Fig. 1.1.1)

• Despite a weaker-than-usual high season, the luxury condo market recorded only a 2.5% decline in annual sales, indicating a measured cooling rather than an outright crash.

 

 

Overall Miami Quarterly Luxury Condo Sales 2015 - 2025 - Fig. 1.2

 

 

The Monthly Sales chart of Fig. 1.3 shows how activity gradually declined compared to 2024:

 

• October 2025 closed with 107 sales, matching October 2024’s pace.

• November closed with 95 sales, lower than the previous year’s 99 sales in the comparable month.

• December closed with 128 sales, again lower than last year’s 152 sales for the same time period.

 

Overall Miami Monthly Luxury Condo Sales Jan. 2016 to Dec. 2025 - Fig. 1.3

 

 

The 12-month Sales Trendline in Fig. 1.4 shifted from flat in Q3 2025 to a negative in this fourth quarter, reflecting a typical seasonal slowdown amplified by buyer hesitation. However, as positive headlines around reduced mortgage rates and stabilizing HOA fees gain traction, we anticipate an inflection point in the first half of 2026.

 

Overall Miami 12-Month Luxury Condo Sales with Trendline - Fig. 1.4

 

 

— Annual & Q4 2025 Miami Neighborhood Trends: Number of Sales

Annual Neighborhood Sales Trends 2025-over-2024 (Fig. 1.5)

• Winner: South Beach emerged as Miami’s top-performing neighborhood in 2025, recording the highest year-over-year sales growth at 19%.

 

• Up: Other neighborhoods reporting an increase in year-over-year sales:

• Mid/North Beach (6%)

• Surfside and Bal Harbour (6%)

 

• Flat: Edgewater (0%) and the Coconut Grove & Coral Gables pairing (1%) reported a negligible change in sales activity compared to 2024.

 

• Down: These Miami neighborhoods reported a decrease in annual sales:

• Sunny Isles Beach (-7%)

• Fisher Island (-18%)

• Brickell (-20%)

• Downtown Miami (-26%)

 

Annual Miami Neighborhood Luxury Condo Sales Comparison 2025-over-2024 - Fig. 1.5

 

Q4 2025 Year-over-Year Neighborhood Sales Trends (Fig. 1.5.1)

• Winner: Mid-North Beach reported the highest percentage growth in year-over-year volumes, up 50%.

 

• Up: Other neighborhoods reporting an increase in year-over-year sales:

• South Beach (8%)

• Sunny Isles Beach (11%)

 

• Down: These Miami neighborhoods reported a decline in year-over-year sales:

• Coconut Grove & Coral Gables (-17%)

• Downtown Miami (-17%)

• Edgewater (-21%)

• Surfside and Bal Harbour (-25%)

• Brickell (-31%)

• Fisher Island (-50%)

 

Miami Neighborhood Luxury Condo Sales Comparison 4Q25-over-4Q24 - Fig. 1.5.1

 

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— Overall Miami Luxury Condo Price Trends: Annual & Q4 2025

 

Annual Price/sq. ft. up to a record-high of $1,030; Median Price up versus 2024

Miami’s luxury condo market entered a new pricing tier in 2025, with values moving above $1,000 per square foot and holding firm through year-end. Driven mostly by the influx of newly constructed properties, the annual median closed at a record price of $1,030 per square foot, reflecting a shift toward higher-value product and a mature luxury landscape.

Annual Median Price Trends – Overall Miami Luxury Condo Market (Fig. 1.1.1)

• 2025 vs 2024. Price per Square Foot increased 4.5%, up from $986 in 2024 to $1,030 in 2025.

• Median Sales Price increased 2.1%, up from $1,763,750 in 2024 to $1,800,000 in 2025.

 

 

Overall Miami Luxury Condo Quarterly Price per sq. ft. 2017-2025 - Fig. 2.1

 

Q4 2025 Price per Square Foot up 2% to $1,011; Median Price also up year-over-year

After logging an all-time high of $1,078 per square foot in Q1 2025, Miami’s luxury condo market entered a phase of normalization, with prices easing as sellers adapted to the more competitive dynamics of a buyer’s market. The year-over-year gains noted in Q4 (below) were largely buoyed by new development deliveries, while pricing across much of the resale market actually showed signs of softening.

 

Key Price Statistics for Q4 2025:

 

• Q4 2025 vs Q4 2024. Price per square foot increased 2%, up from $990 in Q4 last year to $1,011 in the same quarter this year. (Fig. 1.1)

• Q4 2025 vs Q3 2025. Price per square foot remained stable, adjusting only by 0.7% quarter-over-quarter, marginally up from $1,003 in the previous quarter to $1,011 in Q4 2025. (Fig. 1)

• Q4 2025 vs Q4 2024. Median sales price also increased 3.9% year-over-year, up from $1,710,000 in Q4 of the previous year to $1,777,500 for the same quarter of 2025. (Fig. 1.1)

 

An analysis of the 9-year snapshot of quarterly luxury condo prices above (Fig. 2.1) shows that price per square foot continued closing in its highest ranges. Although new construction played a key role in supporting pricing, certain segments experienced notable appreciation. For a broader context, the median price per square foot has increased by approximately 35% over the past five years, a significant uptick from $749 in Q4 2020.

 

Drawing on our real-time market observations and analysis as luxury housing experts, we expect pricing pressure to persist for investor-oriented and Airbnb-friendly properties into early 2027, particularly in neighborhoods such as Downtown Miami. That said, we also anticipate the true luxury segment to see continued value growth, even if gains remain modest.

 

Considering the $1 million benchmark no longer defines true luxury in Miami’s mature condo market, we’ve included a section dedicated to condos priced $2 million and higher towards the end of this report to capture and quantify this shift.

— Annual & Q4 2025 Miami Neighborhood Trends: Price

Annual Neighborhood Price Trends 2025-over-2024 

Median Price per Square Foot (Fig. 2.2)

• Winner: Fisher Island retained its position as Miami’s most expensive neighborhood, with a median price of $2,523 per square foot, while also recording the strongest year-over-year gain in price per square foot at 14%.

 

• Up: Other neighborhoods reporting an increase in annual price per square foot:

• South Beach – $1,496/sq. ft. (9%)

• Surfside and Bal Harbour – $1,276/sq. ft. (7%)

• Mid/North Beach – $1,240/sq. ft. (5%)

 

• Flat: The following neighborhoods reported minimal variation in 2025-over-2024 price per square foot:

• Sunny Isles Beach – $993/sq. ft. (+1%)

• Coconut Grove & Coral Gables – $856/sq. ft. (0%) 

• Edgewater Miami – $954/sq. ft. (0%)

• Brickell – $891/sq. ft. (-1%)

 

• Down: Downtown Miami is the only Miami neighborhood in our analysis to report a decline (-5%) in annual price per square foot, down to $726 in 2025.

 

Miami Neighborhood 2025-over-2024 Median Price per sq. ft. Comparison - Fig. 2.2

 

Median Sales Price (Fig. 2.3)

• Winner: Fisher Island kept its position at the top end of the market, reporting the highest median sales price in Miami at $7.8 million. The neighborhood also delivered the highest percentage appreciation, with annual sales price up 28% year-over-year.

 

• Up: Other neighborhoods reporting an increase in annual median sales price:

• Edgewater – $1.7 million (22%)

• Sunny Isles Beach – $2.1 million (5%)

 

• Flat: The following neighborhoods reported a negligible change in 2025-over-2024 median sales price:

• Brickell – $1.5 million (1%)

• Coconut Grove & Coral Gables – $1.8 million (0%)

• South Beach – $2.2 million (-1%)

 

• Down: Neighborhoods reporting a decline in annual median sales price:

• Mid/North Beach – $1.8 million (-2%)

• Surfside and Bal Harbour – $2.9 million (-4%)

• Downtown Miami – $1.3 million (-7%)

 

Miami Neighborhood 2025-over-2024 Median Sales Price Comparison - Fig. 2.3

Q4 2025 Year-over-Year Neighborhood Price Trends

Neighborhood Median Price/sq. ft. Stats (Fig. 2.2.1):

 

• Winner: Mid-North Beach reported the highest percentage gain in year-over-year price per square foot this fourth quarter, increasing 27% to $1,165/sq. ft.

 

• Fisher Island continued leading as the most expensive zip code for luxury condos, with the highest median price of $2,810/sq. ft.

 

• Up: Other neighborhoods reporting an increase in year-over-year price per square foot include:

• Sunny Isles Beach – $1,056/sq. ft. (12%)

• Fisher Island – $2,810/sq. ft. (10%)

• Coconut Grove & Coral Gables – $923/sq. ft. (10%)

• South Beach – $1,496/sq. ft. (7%)

 

• Flat: Surfside and Bal Harbour (combined) reported a negligible year-over-year change of -1% in Price/sq. ft. ($1,179).

 

• Down: Neighborhoods reporting a decline in year-over-year price per square foot:

• Edgewater – $954/sq. ft. (-2%)

• Downtown Miami – $722/sq. ft. (-3%)

• Brickell – $814/sq. ft. (-7%)

Miami Neighborhood 4Q25-over-4Q24 Median Price/sq. ft. Comparison - Fig. 2.2.1

 

Neighborhood Median Sales Price Stats (Fig. 2.3.1):

 

• Winner: South Beach reported the highest percentage increase in Q4 year-over-year median sales price, at 31%, closing the quarter at $2.5 million.

 

• Fisher Island held onto its distinction of being the most expensive neighborhood in Miami, recording a median price of $5.4 million.

 

• Up: Other neighborhoods reporting an increase in year-over-year median sales price:

• Surfside and Bal Harbour – $3.1 million (23%)

• Sunny Isles Beach – $2.3 million (22%)

• Downtown Miami – $1.3 million (2%)

• Edgewater – $1.8 million (25%)

 

• Flat: Mid-North Beach reported an essentially flat median sales price at $1.6 million, reporting a marginal -1% change.

 

• Down: Neighborhoods reporting a decline in year-over-year median sales price:

• Coconut Grove & Coral Gables – $1.7 million (-9%)

• Brickell – $1.3 million (-15%)

• Fisher Island – $5.4 million (-24%)

 

 

Miami Neighborhood 4Q25-over-4Q24 Median Sales Price Comparison - Fig. 2.3.1

Browse the top new luxury condos for sale in Miami today.

— Q4 2025 Overall Miami Sales and Price Trends by Building Year

Below is a detailed analysis of how Miami luxury condo buildings performed in Q4 2025 on the basis of their age of construction, categorized as new construction condo buildings (2015-2025), buildings built from 2000-2014, and pre-2000 buildings.

 

• New Construction Buildings recorded a year-over-year decline in sales activity but continued leading all segments in terms of year-over-year price growth, increasing 13.2% to $1,184/sq. ft. in Q4 2025.

 

• Buildings Dated 2000-2014 maintained their lead in terms of sales activity, recording the highest volume (126) among all segments, while prices increased 12.5% year-over-year to a record-high of $1,055/sq. ft. in Q4 2025.

 

• Condos built before 2000 reported relatively stable sales activity year-over-year (-1.1%), while closing Q4 2025 at a mostly flat median price of $845/sq. ft.

 

Miami New Construction Condos Built 2015-2025

Logging 88 sales in Q4 2025, Miami’s newly-built condo segment reported an 11% decrease from 99 sales in the previous quarter and a 23% decline compared to 114 sales recorded in Q4 2024.

 

Note: Anecdotally, we continue to see exceptionally high demand for pre-construction luxury condos in Miami. Most projects are selling out before shovels hit the ground. Many of these pre-construction sales are not recorded in centralized databases and, thus, are not included in our quarterly sales data and reports. 

 

Quarterly Overall Miami Luxury Condo Sales (Buildings Dated 2015-2025) - Fig. 3.1

 

 

Miami’s freshly built condo segment closed the quarter with a median price of $1,184/sq. ft. A look at fig. 3.2 reveals that this segment continued offering sellers the best value by clocking in the highest year-over-year price gains of all three segments under our review.

 

Price/sq. ft. increased 2.4% quarter-over-quarter (from $1,156) and rose 13.2% year-over-year (from $1,046). This price growth is driven by product quality rather than volume, as newer luxury inventory continues to push values higher despite a decline in year-over-year sales activity.

 

Miami New Construction Luxury Condo Price/sq. ft. (Buildings Built 2015-2025) - Fig. 3.2

 

Miami Luxury Condos Built 2000-2014

With 126 sales in Q4 2025, this segment reported a 10.5% increase against 114 sales in the previous quarter and stable volumes compared to 125 sales in Q4 2024. (Fig. 3.3)

 

The segment continued to lead all three categories in terms of quarterly sales volume, maintaining its position as the most favored among buyers.

 Explore our up-to-date listings of Pre-Construction Luxury Condos.

 

 

Quarterly Overall Miami Luxury Condo Sales (Buildings Dated 2000-2014) - Fig. 3.3

 

 

Fig. 3.4 shows this segment (built 2000-2014) closed the quarter at an all-time high of $1,055/sq. ft. The Price/sq. ft. increased 7.9% quarter-over-quarter (from $978) and 12.5% year-over-year (from $938), reflecting strong value for sellers. This gain is likely driven by buyer preference for lower entry prices relative to new construction and the certainty of established buildings with known costs.

 

Overall Miami Luxury Condo Price/sq. ft. (Buildings Dated 2000-2014) - Fig. 3.4

Miami Luxury Condos Built Before 2000

Reporting 88 sales, this classic segment of luxury condos recorded a 20.5% quarter-over-quarter increase from 73 sales in Q3 2025 and remained broadly stable year-over-year compared to 89 sales in Q4 2024. (Fig. 3.5)

 

Quarterly Overall Miami Luxury Condo Sales (Buildings Dated 1921-1999) - Fig. 3.5

 

 

Closing the quarter at a median of $845/sq. ft., prices in this segment stayed relatively flat both quarter-over-quarter (up from $840) and year-over-year (up from $838).

 

 

Overall Miami Luxury Condos Price/sq. ft.  (Buildings Dated 1921-1999) - Fig. 3.6

— Overall Miami Luxury Condo Days on Market: Annual & Q4 2025

Days on Market up 12.8% on an annual basis and 28% in 4Q25-over-4Q24

 

Reflecting the slower market pace, both annual and fourth-quarter days on market (DOM) increased:

Annual Days on Market Analysis – Overall Miami Luxury Condo Market

• 2025 vs 2024. Luxury condos spent 10 more days on the market compared to 2024, posting a 12.8% increase in year-over-year DOM. (Fig. 1.1.1)

Q4 2025 Days on Market Analysis – Overall Miami Luxury Condo Market

• Q4 2025 vs Q4 2024: Luxury condos spent 20 extra days on the market compared to Q4 2024, reporting a 28% increase in year-over-year stats. (Fig. 1.1)

 

• Q4 2025 vs Q3 2025: Luxury condos spent 10 more days on the market compared to the previous quarter, posting a 12.35% uptick in quarter-over-quarter DOM. (Fig. 1)

 

Logging 91 days on market in Q4 2025, the statistic reflects a measured transaction pace as buyers remained more selective throughout the year. Looking ahead, as market experts, we expect a stabilization by mid-2026, as renewed buyer interest converges with the historically stronger spring cycle.

 

Meanwhile, in Q1 2026, days on market are expected to remain elevated as more sellers list in anticipation of high season.

 

Overall Miami Luxury Condo Quarterly Days on Market 2018 - 2025 - Fig. 4.1

— Annual & Q4 2025 Miami Neighborhood Trends: Days on Market

Annual Neighborhood Days on Market Trends 2025-over-2024 (Fig. 4.2)

• Winner: Downtown Miami emerged as the fastest-selling market in Miami in 2025, with luxury condos taking only 71 days to sell (on median). The urban core neighborhood reported almost the same number of days on market (70) as in 2024.

 

• Down: Other neighborhoods reporting a decline in annual days on market include:

• Mid-North Beach – 80 days (-20%)

• Fisher Island – 109 days (-19%)

 

• Flat: Edgewater reported almost the same days on market as last year, reporting 88 days in 2025 versus 87 days in 2024.

 

• Up: Miami neighborhoods reporting an increase in year-over-year Days on Market:

• South Beach – 84 days (4%)

• Brickell – 80 days (11%)

• Surfside & Bal Harbour – 92 days (14%)

• Coconut Grove & Coral Gables – 74 days (28%)

• Sunny Isles Beach – 112 days (37%)

 

Miami Neighborhood 2025-over-2024 Days on Market Comparison - Fig. 4.2

 

Q4 2025 – Neighborhood Days on Market Trends (Fig. 4.2.1)

• Winner: Edgewater emerged as Miami’s fastest-selling area this fourth quarter, with luxury condos averaging 65 days on market, as year-over-year stats decreased by 23%.

 

• Down: Other neighborhoods reporting a decline in year-over-year days on market include:

• Fisher Island – 118 days (-34%)

• Surfside and Bal Harbour – 95 days (-34%)

 

• Up: Neighborhoods reporting an increase in year-over-year days on market include:

• Brickell – 87 days (44%)

• Sunny Isles Beach – 91 days (44%)

• South Beach – 89 days (48%)

• Coconut Grove & Coral Gables – 111 days (50%)

• Downtown Miami – 111 days (74%)

• Mid-North Beach – 147 days (175%)

Miami Neighborhood 4Q25-Over-4Q24 Days on Market Comparison - Fig. 4.2.1

— Overall Miami Luxury Condo Inventory

Q4 2025 closed with 23 Months of Inventory: Buyer’s Market Holds 

As anticipated in our comprehensive Q3 2025 luxury condo market report, inventory expanded by year-end:

 

• On a quarter-over-quarter basis, inventory was up from 19 months in September 2025 to 23 months in December 2025, reporting a 21% uptick.

 

• On a year-over-year basis, inventory was up from 22 months in December 2024 to 23 months this year, recording a 4.5% increase compared to a year ago. (Fig. 5.1)

 

With 23 months of inventory, levels remained well above the 9-12 month balanced range, keeping Miami’s luxury condo segment firmly buyer-friendly. However, toward year-end, early signs of recalibration began emerging across select buildings and submarkets, particularly among well-maintained, high-quality residences.

 

Reading into this emerging trend, we expect the top-tier segments to stabilize first in 2026, with the second-quarter high season likely to wipe out a significant portion of surplus inventory and guide the overall market toward a more balanced footing.

 

For now, the market strongly favors buyers and investors. Expanded choices across the luxury segment provide access to a wider range of premium condos, along with increased negotiating leverage. Contact us to explore high-value opportunities in your preferred building or Miami neighborhood.

 

On the other hand, sellers should focus on strategic pricing and high-quality marketing to remain more competitive. Well-positioned, lifestyle-driven properties have continued to attract favorable offers even amid a broader softening.

 

For a complimentary home evaluation, more pro tips, and assistance in selling your Miami condo faster in this buyer’s market, reach out directly.

 

 

Overall Miami Months of Luxury Condo Inventory from Mar. 2019 to Dec. 2025 - Fig. 5.1

 

 

A balanced market has approximately 9-12 months of inventory. The months of inventory are calculated as the number of active listings plus the number of pending listings divided by the average number of deals in the last 6 months.

— Annual & Q4 2025 Overall Miami Luxury Condo Trends: $2M+ Market

 

 

 

Q4 2025 Sales down 2%, Price/sq. ft. flat at $1,446, Days on Market down 11.4% to 93 days

 

Key Q4 2025 Statistics for the $2 million-and-up luxury condo market (Fig. 6.2):

 

• With 146 closed sales, Miami’s top-end condo market reported a marginal year-over-year slowing in Q4 2025. This year-end softness aligns with trends noted in the $1M+ segment, indicating that buyer caution also affected the true luxury tier, though to a lesser degree.

 

• Price per square foot closed flat year-over-year, marginally decreasing from $1,449 in Q4 2024 to $1,446/sq. ft. in Q4 2025. The Median Sale Price, however, rose 11.1% to $3,500,000 in the fourth quarter, showing the inherent strength of this premium segment.

 

• Luxury condos spent an average of 93 days on market, decreasing 11.4% from 105 days in Q4 2024, but still trending 3 more days than in Q3 2025. This contrasts with trends observed in the $1 million-and-up segment, highlighting the sustained appeal of Miami’s top-tier luxury properties.

 

Our annual review of the $2 million-plus condo segment highlights a resilient market at the top end. While pricing trends echoed the broader $1M+ category, reinforcing continued value for sellers, full-year sales activity outperformed 2024 levels despite a modest Q4 dip, pointing to stronger demand for ultra-luxury residences. Notably, the increase in days on market was also marginal compared to the $1M+ tier, suggesting closer alignment between buyer and seller expectations.

 

Together, these trends indicate that demand at the upper end remains selective but decisive. This confirms our view, as market experts, that high-quality, well-positioned properties will continue to outperform as Miami’s luxury condo market evolves and matures over the upcoming quarters.

— Overall Miami Luxury Condo Market: Annual & Q4 2025 Conclusion

Prices Hold Above $1,000/sq. ft. Despite Seasonal Slowdown and Buyer’s Market

Miami’s luxury condo market experienced a 7.8% year-over-year drop in Q4 2025 sales, with the annual 2025 sales down 2.5% versus 2024. This was essentially anticipated, given the seasonally slower fourth quarter and dampened buyer sentiment throughout the year, which also led to a below-average peak season in Q2.

 

However, prices remained a key highlight this year. Price per square foot breached the $1,000 mark in Q1 and remained above it through Q4, even as certain segments responded to the pressure of a buyer’s market. In Q4 2025, the overall price per square foot closed at $1,011 with a 2% year-over-year increase. On an annual basis, prices climbed to a record $1,030 per square foot, representing a 4.5% gain over 2024.

 

Reflecting the overall slowdown in 2025, the 12-month sales trendline turned negative across all submarkets under review, except Edgewater.

 

Mid/North Beach stood out as the top-performing submarket in Q4 2025, posting the highest year-over-year increase in sales (50%) as well as the strongest growth in price per square foot (+27%) among all neighborhoods under review.

 

In this closing quarter, Fisher Island retained its title as the priciest zip code in Miami with a median sales price of $2,810/sq. ft., while Downtown Miami continued offering the most affordable entry point for luxury living with a median price of $722/sq. ft.

 

Days on market increased to an average of 91 days in Q4 2025, aligning with our predictions. Looking ahead, as luxury market specialists, we expect this to decline in 2026 as sellers recalibrate prices and buyer demand strengthens.

 

Edgewater emerged as the fastest-selling submarket in Q4 2025, outpacing Coconut Grove and Coral Gables (combined), which had been in the lead for the past two years.

 

With 23 months of inventory, which exceeds the 9-12-month ideal of a balanced market, Miami’s luxury condo segment remained in a buyer’s market at year-end 2025. This surplus gives buyers and investors the edge in negotiations, as more options fall within their price range.

 

Browse the best homes while this buyer’s market works in your favor — compare all of Miami's luxury condos for sale or contact us directly.

— Miami’s Luxury Condo Market Predictions 2026: Where Does the Market Go From Here?

As an award-winning boutique brokerage in Miami, backed by a team of luxury real estate professionals with more than 20 years of experience, we expect the following factors to drive a stronger market in 2026:

 

• Tailwinds Driving Buyer Confidence: Mortgage rates declined from around 7% in early 2025 to 6.18% by year-end, supporting a rebound in buyer confidence. At the same time, easing insurance premiums, legislative reforms relaxing reserve and fee requirements, and the completion of structural integrity reserve studies across many buildings have helped stabilize HOA costs, creating a more predictable ownership environment and strengthening buyer sentiment.

 

• FIFA 2026 and Enhanced Global Exposure: As the FIFA World Cup approaches, Miami is expected to see a surge in short-term rental demand, with record pricing and occupancy across the luxury segment. Major global events have historically boosted not only short-term rental performance but also long-term property exposure, as visitors from across the globe experience the city firsthand. While a direct spike in sales is unlikely, we expect this added visibility and influx of visitors to support above-average market activity through the summer months.

 

• Miami’s Evolving Demographics: The continued relocation of high-profile founders and companies, such as Mark Zuckerberg, Peter Thiel, and Palantir, underscores a more intense inflow of capital and influence into the region. This evolving buyer base is not only changing the resident mix in South Florida, but it is also expected to strengthen demand at the upper end of the luxury condo market, supporting long-term pricing and positioning Miami as a premier destination for global wealth.

 

• Increasing Domestic and International Buyer Interest: Having surpassed New York in 2025 as the major U.S. city with the most $1M-plus homes, Miami continues to assert its dominance among high-value markets. Domestic demand remains strong and is broadening geographically, with increased interest from the West Coast alongside traditional Northeast inflows. Additionally, a weaker U.S. dollar is expected to support a rebound in international demand, particularly from Latin America, due to enhanced purchasing power.

 

• Branded Luxury Segment Continues to Expand: Miami ranks second only to Dubai in the global pipeline of branded residences, according to Savills’ 2025/2026 report. We expect this segment to expand further in 2026, with more offerings emerging in the sub-$5 million range as developers adapt to the current buyer’s market.

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