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About New Miami Condo Construction

Miami Preconstruction Condos

Miami preconstruction condos have received a tremendous amount of press coverage. Mostly written by staff writers for large papers like the Miami Herald who have little or no personal experience about investing in real estate. To fully understand the opportunity in preconstruction projects in Miami and to avoid the pitfalls of the Miami real estate market, please read the following and then contact the REALTORS at the Miami Condo Lifestyle team at 305-321-7043. We will help you separate the wheat from the chaffe!

All of Miami-Dade county has been experiencing tremendous real estate development in every price range in the market. New construction projects, commonly referred to as "pre-construction condos" are rising in every community from Aventura to South Beach, Downtown Miami to North Bay Village, Brickell Avenue to Dadeland. There are many different types of buildings; ranging from two story lofts to 70 story waterfront high-rises...ocean front luxury condo-hotels to affordable suburban mid-rise projects. Whether you want an affordable studio apartment in the Miami Arts District or a penthouse mansion in the sky in Bal Harbour...no matter what price range, level of amenities and services, or location one desires...it can be found in Miami.

Miami Condo Lifestyle is dedicated to helping you sort through the hundreds of potential Miami preconstruction real estate opportunities to find just the right situation to fit your goals. To that end, we try to answer the Frequently Asked Questions here, as well as, describe the development phases that each preconstruction project goes through and the different ways to take advantage of the appreciating Miami real estate market.

Interactive Map of New and Preconstruction Condos

Orange pins show newer condos. Green pins show preconstruction condos Tap or click pin for details.

About New Miami Condo Construction

To narrow down your search, use the search box. Columns may be reordered by clicking the column head.

SortVisit
Building
CommunityPrice RangeUnitsViewsYear Built
6599000

1000 Museum

1000 Biscayne Blvd

Miami Downtown$6,599,000 - $33,700,00083Bay and City2019
0

26 Edgewater

321 NE 26th St

Edgewater Miami MidtownNo Listings89Bay and City2018
315000

501 First Residences

501 NE 1st Avenue

Miami Downtown$315,000 - $700,000448Bay and City2024
9500000

57 Ocean

5775 Collins Avenue

Miami Beach$9,500,000 - $9,500,00071Oceanfront2021
435000

6080 Collins

6080 Collins Avenue

Miami Beach$435,000 - $450,00073Ocean & City2019
470000

Aria on the Bay

488 NE 18th Street

Edgewater Miami Midtown$470,000 - $8,500,000647Bay and City2018
750000

Aria Reserve

711 NE 23 Terrace

Edgewater Miami Midtown$750,000 - $12,000,000800Bay and City2024
1100000

Armani Residences

18975 Collins Avenue

Sunny Isles Beach$1,100,000 - $19,995,000308Ocean & City2021
20000000

ARTE

8955 Collins Ave

Surfside$20,000,000 - $25,800,00016Oceanfront2021
3750000

Aston Martin Residences

300 Biscayne Blvd Way

Miami Downtown$3,750,000 - $3,750,000391Bay and City2022
1667600

Aurora

17550 Collins Avenue

Sunny Isles Beach$1,667,600 - $2,999,00061Ocean & City2021
1276000

Baccarat Residences

444 Brickell Avenue

Brickell$1,276,000 - $3,500,000360Bay and City2025
3580000

Bentley Residences

18401 Collins Avenue

Sunny Isles Beach$3,580,000 - $10,000,000216Oceanfront2026
999000

Bijou Bay Harbor

9521 E. Bay Harbor

Bay Harbor Islands$999,000 - $3,600,00041Bay and City2021
750000

Brickell Flatiron

1000 Brickell Plaza

Brickell$750,000 - $21,500,000552Bay and City2019
379000

Canvas

1600 NE 1 st Avenue

Edgewater Miami Midtown$379,000 - $750,000513Bay and City2018
703900

Casa Bella

1400 Biscayne Blvd

Edgewater Miami Midtown$703,900 - $4,847,900306Bay and City2025
1100000

Cipriani Residences Miami

1420 S Miami Avenue

Brickell$1,100,000 - $4,400,000397Bay and City2025
300000

Crosby Worldcenter

640 N. Miami Avenue

Miami Downtown$300,000 - $750,000450Bay and City2025
350000

District 225

225 N Miami Avenue

Miami Downtown$350,000 - $700,000343City2023
375000

E11EVEN

29 NE 11th Street

Miami Downtown$375,000 - $25,000,000375Bay and City2023
450000

E11EVEN Beyond

29 NE 11th Street

Miami Downtown$450,000 - $1,200,000461Bay and City2026
2250000

Eighty Seven Park

8701 Collins Ave

Surfside$2,250,000 - $3,950,00064Oceanfront2020
5600000

Elysee

788 NE 23 Street

Edgewater Miami Midtown$5,600,000 - $7,495,000100Bay and City2021
10200000

Estates at Acqualina

17901 Collins Ave.

Sunny Isles Beach$10,200,000 - $12,500,000252Oceanfront2022
2500000

Fairchild Coconut Grove

3581 E. Glencoe St

Coconut Grove$2,500,000 - $6,200,00026Bay and City2020
2640000

Five Park

500 Alton Road

South Beach$2,640,000 - $9,000,00098Bay and City2023
2150000

Giralda Place

275 Giralda Ave

Coral Gables$2,150,000 - $2,150,00033City2019
825000

Gran Paraiso

480 NE 31 Street

Edgewater Miami Midtown$825,000 - $7,250,000356Bay and City2019
460000

Hyde Midtown

3401 NE 1st Avenue

Edgewater Miami Midtown$460,000 - $1,300,000457City2018
1999000

IRIS on the Bay

25 -135 North Shore Drive

Miami Beach North Beach$1,999,000 - $1,999,00043Bay and City2018
749000

Jade Signature

16901 Collins Avenue

Sunny Isles Beach$749,000 - $17,600,000192Oceanfront2018
3850000

L´Atelier

6901 Collins Avenue

Miami Beach North Beach$3,850,000 - $4,500,00025Oceanfront2019
375000

Legacy Residences

942 NE 1st Avenue

Miami Downtown$375,000 - $900,000529Bay and City2024
520000

Lofty Brickell

99 Southwest 7th Street

Miami River Brickell$520,000 - $1,200,000300Bay and City2024
525000

Merrick Manor

301 Altara

Coral Gables$525,000 - $1,190,000227City2019
800000

Missoni Baia

700 NE 26th Terrace

Edgewater Miami Midtown$800,000 - $3,700,000249Bayfront2022
3054000

Monaco Yacht Club

6800 Indian Creek Drive

Miami Beach North Beach$3,054,000 - $3,992,00039Bay and City2021
2900000

Monad Terrace

1300 Monad Terrace

South Beach$2,900,000 - $8,595,00059Bay and City2020
650000

Mr. C Residences

2651 S Bayshore Drive

Coconut Grove$650,000 - $8,950,000121Bay and City2022
1478900

Mr. C Tigertail

2678 Tigertail Avenue

Coconut Grove$1,478,900 - $3,704,900138Bay and City2023
4000000

Muse

17141 Collins Avenue

Sunny Isles Beach$4,000,000 - $15,995,00068Oceanfront2018
350000

Natiivo

159-175 NE Sixth Street

Miami Downtown$350,000 - $1,100,000604Bay and City2023
588000

Okan Tower

555 N Miami Avenue

Miami Downtown$588,000 - $2,075,800426Bay and City2025
850000

One Bay

455 NE 39th St

Miami Design District$850,000 - $1,799,90038Bay and City2018
1199000

One by Tross

1150 101st Street

Bay Harbor Islands$1,199,000 - $1,199,00017Bay and City2018
900000

One Paraiso

3131 NE 7th Avenue

Edgewater Miami Midtown$900,000 - $4,650,000276Bayfront2018
761000

One Park Turnberry

2391 Laguna Circle

North Miami$761,000 - $1,879,000303Bay and City2024
9000000

Palazzo Della Luna

6801 - 6895 Fisher Island

Fisher Island$9,000,000 - $48,000,00050Oceanfront2019
650000

Paraiso Bay

650 NE 32nd Street

Edgewater Miami Midtown$650,000 - $7,495,000356Bayfront2018
435900

Paraiso Bayviews

501 NE 31st Street

Edgewater Miami Midtown$435,900 - $1,395,000396Bay and City2018
355000

Paramount Miami Worldcenter

851 NE 1st Avenue

Miami Downtown$355,000 - $10,920,000466Bay and City2019
1500000

Park Grove

2811 - 2831 South Bayshore Drive

Coconut Grove$1,500,000 - $18,000,000289Bayfront2018
795000

Parque Towers

300 & 330 Sunny Isles Blvd

Sunny Isles Beach$795,000 - $5,200,000320Ocean & Intracoastal2019
3000000

Perigon Miami Beach

5333 Collins Avenue

Miami Beach$3,000,000 - $10,000,00073Oceanfront2025
650000

Prive Island

5000 & 5500 Island Estates Blvd

Aventura$650,000 - $7,250,000160Ocean, Bay &
Intracoastal
2018
550000

Quadro

3900 Biscayne Blvd.

Miami Design District$550,000 - $750,000198Bay and City2020
4300000

Ritz Carlton Miami Beach

4701 Meridian Ave

Miami Beach$4,300,000 - $8,500,000126Bay and City2019
2750000

Ritz Carlton Sunny Isles

15701 Collins Avenue

Sunny Isles Beach$2,750,000 - $8,900,000210Oceanfront2020
529000

SLS LUX

801 South Miami Avenue

Brickell$529,000 - $2,995,000528Bay and City2018
319000

SMART Brickell

229 SW 9th Street

Brickell$319,000 - $500,00050City2022
600000

Society Residences

398 NE 5th Street

Miami Downtown$600,000 - $1,500,000636Bay and City2022
2500000

St. Regis Brickell Residences

1809 Brickell Avenue

Brickell$2,500,000 - $40,000,000354Bay and City2026
3500000

St. Regis Residences Sunny Isles

18801 Collins Avenue

Sunny Isles Beach$3,500,000 - $7,000,000194Oceanfront2025
400000

Standard Residences

3100 NE 1st Avenue

Edgewater Miami Midtown$400,000 - $1,000,000228Bay and City2023
495000

The Harbour

16385 Biscayne Blvd

Aventura$495,000 - $3,200,000330Intracoastal2018
5295000

Turnberry Ocean Club

18501 Collins Avenue

Sunny Isles Beach$5,295,000 - $34,750,000154Oceanfront2020
3465000

UNA Residences

175 SE 25th Road

Brickell$3,465,000 - $10,000,000135Bayfront2022
3550000

Villa Valencia

515 Valencia Avenue

Coral Gables$3,550,000 - $14,900,00039City2022
0

Vita at Grove Isle

4 Grove Isle Drive

Coconut GroveNo Listings65Bay and City2025
3759500

Waldorf Astoria

330 Biscayne Blvd

Miami Downtown$3,759,500 - $9,387,949360Bay and City2025


The primary benefit of investing in preconstruction condo projects is that the buyer is able to get a brand new condominium property at some time in the future based on today's prices.

Each preconstruction condo project goes through four different phases:

Phase 1: Reservation

In this phase, the developer is offering the units at the lowest price of all future stages. These prices are typically below the market price and give the developer the chance to test the real demand for the project, helping the financing process that they face with their current lenders. The buyer will find the great chance to "reserve" the chosen unit with a deposit of 15% or 20% of the unit value, with a "reservation agreement". This money is fully refundable.

Phase 2: Contract

Once the developer reaches the point of the required number of reservation agreements, they create the "hard-contracts" with the "condominium-documents" specifying in detail all the legal and technical specifications of the development. This stage is usually reached between 1 and 3 months after the "reservation agreement". If the buyer wishes to go ahead, the deposit given to the developer is now non-returnable.

Phase 3: Construction

When the construction of the project begins or the construction "breaks ground"; a second 15 to 20% is required to complete the initial deposit. The construction may take between 6 months to 2 years. Once the developer finishes the buyers floor an additional 20 % will be required and also, when the building is "topped-off" or the top floor is completed.

Phase 4: Closing

Once the development interiors are completed (six months or two years later), you will complete the transaction by "closing" the unit. At this point, the remaining money to complete the purchase will be required, and the mortgage or the cash payoff will have to be available, along with the closing costs and all the typical expenses related to a Florida real estate transaction.

Preconstruction Condos - FAQ

How does Florida law protect the purchaser of a preconstruction condo?

In Florida, purchasers have a fifteen (15) day rescission period starting with their receipt of the Public Offering Statement, which includes the condominium documents, association by-laws, preconstruction purchase contract and escrow agreement; to review and complete or rescind any condominium purchase and escrow agreement and receive a full refund of their deposit if they rescind.

The most important protection under Florida law is that your deposit is held in an escrow account.

  • Alert you about new preconstruction projects before they are made public
  • Help you compare the pricing in similar buildings in the neighborhood
  • Inform you about community infrastructure developments such as service retail and civic investment that may effect the future value of your property
  • Help you negotiate the terms of the contract and advise you on alternative choices that may meet your needs
  • Share information regarding the relative financial strength and track record of a developer with you

Finally, since all realty fees are paid by the developer, you are getting the services of the REALTOR® for free!

For more information on upcoming pre-construction projects and how to buy them, please contact us.