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.

About New Miami Condo Construction

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

CommunityMinimum PriceUnitsViewsYear Built

1000 Museum

1000 Biscayne Blvd

Miami Downtown$5,995,00083Bay and City2019

1010 Brickell

1010 Brickell Ave

Brickell$280,000387Bay and City2017

1215 West

1215 West Ave

South Beach$279,00045Bay and City2016

26 Edgewater

321 NE 26th St

Edgewater Miami Midtown$270,00089Bay and City2018

321 Ocean Drive

321 Ocean Drive

South Beach$4,750,00021Oceanfront2015

501 First Residences

501 NE 1st Avenue

Miami Downtown$315,000448Bay and City2024

57 Ocean

5775 Collins Avenue

Miami Beach$2,600,00071Oceanfront2021

6080 Collins

6080 Collins Avenue

Miami Beach$375,00073Ocean & City2019

Aria on the Bay

488 NE 18th Street

Edgewater Miami Midtown$358,000647Bay and City2018

Aria Reserve

711 NE 23 Terrace

Edgewater Miami Midtown$750,000800Bay and City2024

Armani Residences

18975 Collins Avenue

Sunny Isles Beach$1,595,000308Ocean & City2021


8955 Collins Ave


Aston Martin Residences

300 Biscayne Blvd Way

Miami Downtown$1,500,000391Bay and City2022


17550 Collins Avenue

Sunny Isles Beach$1,250,00061Ocean & City2021

Baccarat Residences

444 Brickell Avenue

Brickell$1,276,000360Bay and City2025

Baltus House

4250 Biscayne Blvd

Miami Design District$222,500167Bay and City2015

Beach House 8

3651 Collins Avenue

South Beach$9,150,0008Oceanfront2016

Bentley Residences

18401 Collins Avenue

Sunny Isles Beach$3,580,000216Oceanfront2026

Biltmore Parc

718 Valencia Ave

Coral Gables$1,235,00032City2017

Biscayne Beach

2900 NE 7th Avenue

Edgewater Miami Midtown$405,000399Bayfront2017

Bond Brickell

1080 Brickell Avenue

Brickell$345,000323Bay and City2016

Brickell City Centre

68 SE 6 ST & 88 SE 7 St

Brickell$580,0001083Bay and City2016

Brickell Flatiron

1000 Brickell Plaza

Brickell$520,000552Bay and City2019

Brickell Heights

45 & 55 SW 9th St

Brickell$350,000358Bay and City2017

Brickell Ten

1010 SW 2nd Avenue

Brickell$330,000155Bay and City2017


1600 NE 1 st Avenue

Edgewater Miami Midtown$285,000513Bay and City2018

Casa Bella

1400 Biscayne Blvd

Edgewater Miami Midtown$600,000306Bay and City2025

Cassa Brickell

201 SW 17 Road

Brickell$325,00081Bay and City2016


151 SE 1st St

Miami Downtown$210,000352City2016

District 225

225 N Miami Avenue

Miami Downtown$350,000343City2023


29 NE 11th Street

Miami Downtown$375,000375Bay and City2023

Echo Aventura

3250 & 3300 NE 188th Street

Aventura$799,000190Ocean & Intracoastal2015

Echo Brickell

1451 Brickell Avenue

Brickell$625,000180Bay and City2017

Eighty Seven Park

8701 Collins Ave



788 NE 23 Street

Edgewater Miami Midtown$2,400,000100Bay and City2021

Estates at Acqualina

17901 Collins Ave.

Sunny Isles Beach$10,000,000252Oceanfront2021

Fairchild Coconut Grove

3581 E. Glencoe St

Coconut Grove$2,000,00026Bay and City2020

Fendi Chateau

9349 Collins Avenue


Five Park

500 Alton Road

South Beach$2,600,00098Bay and City2023

Giralda Place

275 Giralda Ave

Coral Gables$1,139,00033City2019


120 Ocean Drive

South Beach$4,650,00010Oceanfront2015

Gran Paraiso

480 NE 31 Street

Edgewater Miami Midtown$550,000356Bay and City2019

Grove at Grand Bay

2669 & 2675 South Bayshore Drive

Coconut Grove$3,500,00096Bayfront2017

Harbour Park

9901 E. Bay Harbor Dr

Bay Harbor Islands$429,00020Bay and City2016

Hyde Midtown

3401 NE 1st Avenue

Edgewater Miami Midtown$335,000457City2018

IRIS on the Bay

25 -135 North Shore Drive

Miami Beach North Beach$799,00043Bay and City2018


9261 E. Bay Harbor

Bay Harbor Islands$699,00048Bay and City2017

Jade Signature

16901 Collins Avenue

Sunny Isles Beach$749,000192Oceanfront2018

Kai at Bay Harbor

9940 & 9960 W Bay Harbor Dr

Bay Harbor Islands$720,00058Bay and City2016


6901 Collins Avenue

Miami Beach North Beach$3,750,00025Oceanfront2019

Le Parc at Brickell

1600 SW 1st Avenue

Brickell$285,000124Bay and City2016

Legacy Residences

942 NE 1st Avenue

Miami Downtown$360,000529Bay and City2024

Lofty Brickell

99 Southwest 7th Street

Miami River Brickell$520,000300Bay and City2024

Mansions at Acqualina

17749 Collins Avenue

Sunny Isles Beach$6,250,00079Oceanfront2015

Merrick Manor

301 Altara

Coral Gables$550,000227City2019

Missoni Baia

700 NE 26th Terrace

Edgewater Miami Midtown$800,000249Bayfront2022

Monaco Yacht Club

6800 Indian Creek Drive

Miami Beach North Beach$1,150,00039Bay and City2021

Monad Terrace

1300 Monad Terrace

South Beach$3,990,00059Bay and City2020


17141 Collins Avenue

Sunny Isles Beach$2,575,00068Oceanfront2018


159-175 NE Sixth Street

Miami Downtown$350,000604Bay and City2023

Oceana Bal Harbour

10201 & 10203 Collins Avenue

Bal Harbour$1,999,000260Oceanfront2017

Okan Tower

555 N Miami Avenue

Miami Downtown$387,000426Bay and City2025

One Bay

455 NE 39th St

Miami Design District$795,00038Bay and City2018

One by Tross

1150 101st Street

Bay Harbor Islands$622,00017Bay and City2018

One Ocean

1 Collins Ave

South Beach$1,550,00050Ocean & City2016

One Paraiso

3131 NE 7th Avenue

Edgewater Miami Midtown$640,000276Bayfront2018

Palau Sunset Harbor

1201 20th Street

South Beach$599,00045Bay and City2016

Palazzo Della Luna

6801 - 6895 Fisher Island

Fisher Island$9,000,00050Oceanfront2019

Paraiso Bay

650 NE 32nd Street

Edgewater Miami Midtown$400,000356Bayfront2018

Paraiso Bayviews

501 NE 31st Street

Edgewater Miami Midtown$335,000396Bay and City2018

Paramount Miami Worldcenter

851 NE 1st Avenue

Miami Downtown$350,000466Bay and City2019

Park Grove

2811 - 2831 South Bayshore Drive

Coconut Grove$729,000289Bayfront2018

Parque Towers

300 & 330 Sunny Isles Blvd

Sunny Isles Beach$820,000320Ocean & Intracoastal2019

Peloro Miami Beach

6610 & 6620 Indian Creek

Miami Beach North Beach$360,000115Bay and City2016

Porsche Design Tower

18555 Collins Avenue

Sunny Isles Beach$4,550,000132Oceanfront2017

Prive Island

5000 & 5500 Island Estates Blvd

Aventura$3,190,000160Ocean, Bay &


3900 Biscayne Blvd.

Miami Design District$450,000198Bay and City2020

REACH Brickell City Center

68 SE 6th Street

Brickell$580,000390Bay and City2016

RISE Brickell City Center

88 SW 7th Street

Brickell$618,000390Bay and City2016

Ritz Carlton Miami Beach

4701 Meridian Ave

Miami Beach$2,600,000126Bay and City2019

Ritz Carlton Sunny Isles

15701 Collins Avenue

Sunny Isles Beach$2,850,000210Oceanfront2020


10201 E Bay Harbor Dr

Bay Harbor Islands$810,00040Bay and City2016

SLS Brickell

1300 Miami Avenue

Brickell$385,000450Bay and City2016


801 South Miami Avenue

Brickell$475,000528Bay and City2018

SMART Brickell

229 SW 9th Street


Surf Club

9001 & 9111 Collins Avenue


Turnberry Ocean Club

18501 Collins Avenue

Sunny Isles Beach$4,400,000154Oceanfront2020

UNA Residences

175 SE 25th Road


Villa Valencia

515 Valencia Avenue

Coral Gables$2,550,00039City2022

Waldorf Astoria

330 Biscayne Blvd

Miami Downtown$750,000360Bay 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.

Interactive Map of New and Preconstruction Condos

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