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
About New Miami Condo Construction
To narrow down your search, use the search box. Columns may be reordered by clicking the column head.
Sort | Visit Building | Community | Price Range | Units | Views | Year Built |
---|---|---|---|---|---|---|
1343000 | 2200 Brickell Avenue | Brickell | $1,343,000 - $1,783,000 | 105 | Bay and City | 2025 |
315000 | 501 NE 1st Avenue | Miami Downtown | $315,000 - $700,000 | 448 | Bay and City | 2024 |
3295000 | 5775 Collins Avenue | Miami Beach | $3,295,000 - $32,950,000 | 71 | Oceanfront | 2021 |
500000 | 600 Northeast 1st Avenue | Miami Downtown | $500,000 - $965,000 | 579 | Bay and City | 2026 |
350000 | 601 Northeast 1st Avenue | Miami Downtown | $350,000 - $1,100,000 | 604 | Bay and City | 2023 |
700000 | 580 72nd Street | Miami Beach North Beach | $700,000 - $2,400,000 | 270 | Bay and City | 2024 |
1922800 | 7918 West Drive | North Bay Village | $1,922,800 - $2,509,978 | 54 | Bay and City | 2025 |
3450000 | 888 Brickell by DOLCE & Gabbana 888 Brickell Avenue | Brickell | $3,450,000 - $35,000,000 | 259 | Bay and City | 2027 |
1403900 | 9901 W Bay Harbor Drive | Bay Harbor Islands | $1,403,900 - $2,262,900 | 30 | Bay and City | 2025 |
1811900 | 711 NE 23 Terrace | Edgewater Miami Midtown | $1,811,900 - $4,825,900 | 800 | Bay and City | 2024 |
1100000 | 18975 Collins Avenue | Sunny Isles Beach | $1,100,000 - $18,500,000 | 308 | Ocean & City | 2021 |
18800000 | 8955 Collins Ave | Surfside | $18,800,000 - $18,800,000 | 16 | Oceanfront | 2021 |
59000000 | 300 Biscayne Blvd Way | Miami Downtown | $59,000,000 - $59,000,000 | 391 | Bay and City | 2023 |
2150000 | 17550 Collins Avenue | Sunny Isles Beach | $2,150,000 - $2,150,000 | 61 | Ocean & City | 2021 |
1137900 | 351 San Lorenzo Avenue | Coral Gables | $1,137,900 - $1,137,900 | 54 | City | 2025 |
2495900 | 444 Brickell Avenue | Brickell | $2,495,900 - $27,250,000 | 360 | Bay and City | 2025 |
6350000 | 18401 Collins Avenue | Sunny Isles Beach | $6,350,000 - $12,950,000 | 216 | Oceanfront | 2026 |
875000 | 9521 E. Bay Harbor | Bay Harbor Islands | $875,000 - $3,598,000 | 41 | Bay and City | 2021 |
1500900 | 1444 Biscayne Blvd | Edgewater Miami Midtown | $1,500,900 - $9,599,900 | 306 | Bay and City | 2025 |
1911900 | 1420 S Miami Avenue | Brickell | $1,911,900 - $5,891,900 | 397 | Bay and City | 2026 |
1400000 | 490 NE 29th Street | Edgewater Miami Midtown | $1,400,000 - $3,500,000 | 116 | Bay and City | 2026 |
300000 | 640 N. Miami Avenue | Miami Downtown | $300,000 - $750,000 | 450 | Bay and City | 2025 |
445000 | 148 NW 28th Street | Edgewater Miami Midtown | $445,000 - $5,995,000 | 159 | Bay and City | 2024 |
350000 | 225 & 233 N Miami Avenue | Miami Downtown | $350,000 - $700,000 | 343 | City | 2024 |
400000 | 1611 SW 2nd Avenue | Brickell | $400,000 - $900,000 | 171 | City | 2025 |
375000 | 20 NE 11th Street | Miami Downtown | $375,000 - $25,000,000 | 375 | Bay and City | 2023 |
450000 | 29 NE 11th Street | Miami Downtown | $450,000 - $1,200,000 | 550 | Bay and City | 2026 |
2000000 | 2121 North Bayshore | Edgewater Miami Midtown | $2,000,000 - $6,900,000 | 188 | Bay and City | 2026 |
1850000 | 8701 Collins Ave | Surfside | $1,850,000 - $1,875,000 | 64 | Oceanfront | 2020 |
675000 | 6940 Abbott Avenue | Miami Beach North Beach | $675,000 - $1,505,000 | 95 | Bay and City | 2026 |
650000 | 398 NE 5th Street | Miami Downtown | $650,000 - $1,837,527 | 636 | Bay and City | 2022 |
3650000 | 788 NE 23 Street | Edgewater Miami Midtown | $3,650,000 - $9,950,000 | 100 | Bay and City | 2021 |
8000000 | 17901 & 17975 | Sunny Isles Beach | $8,000,000 - $45,000,000 | 252 | Oceanfront | 2022 |
2499900 | 3581 E. Glencoe St | Coconut Grove | $2,499,900 - $6,450,000 | 26 | Bay and City | 2020 |
1420000 | 500 Alton Road | South Beach | $1,420,000 - $5,000,000 | 98 | Bay and City | 2024 |
400000 | 159 NE 6th Street | Miami Downtown | $400,000 - $1,900,000 | 160 | Bay and City | 2024 |
400000 | 525 NW 2nd Avenue | Miami River Brickell | Contact us for available listings | 306 | Bay and City | 2027 |
540000 | 1016 NE 2nd Avenue | Miami Downtown | Contact us for available listings | 259 condos & 550 rental | Bay and City | 2026 |
1325000 | 9481 E Bay Harbor Drive | Bay Harbor Islands | $1,325,000 - $3,875,000 | 57 | Bay and City | 2024 |
400000 | 942 NE 1st Avenue | Miami Downtown | $400,000 - $400,000 | 529 | Bay and City | 2024 |
2163000 | 99 Southwest 7th Street | Miami River Brickell | $2,163,000 - $2,253,000 | 300 | Bay and City | 2024 |
760000 | 700 NE 26th Terrace | Edgewater Miami Midtown | $760,000 - $8,500,000 | 249 | Bayfront | 2023 |
3250000 | 6800 Indian Creek Drive | Miami Beach North Beach | $3,250,000 - $6,000,000 | 39 | Bay and City | 2021 |
3890000 | 1300 Monad Terrace | South Beach | $3,890,000 - $7,500,000 | 59 | Bay and City | 2020 |
650000 | 2655 S Bayshore Drive | Coconut Grove | $650,000 - $8,950,000 | 121 | Bay and City | 2023 |
3150900 | 2678 Tigertail Avenue | Coconut Grove | $3,150,900 - $3,150,900 | 138 | Bay and City | 2023 |
1036250 | 13899 Biscayne Boulevard | Miami Design District | $1,036,250 - $1,297,500 | 254 | City | 2025 |
980900 | 2700 NW 2nd Avenue | Edgewater Miami Midtown | $980,900 - $980,900 | 329 | Bay and City | 2024 |
647000 | 555 N Miami Avenue | Miami Downtown | $647,000 - $2,590,000 | 426 | Bay and City | 2026 |
4967000 | 1135 103rd St | Bay Harbor Islands | $4,967,000 - $7,487,700 | 41 | Bay and City | 2024 |
3500000 | 1 Island Drive | Brickell Key | $3,500,000 - $20,000,000 | 220 | Bay and City | 2027 |
937900 | 2411 Laguna Circle | Miami Design District | $937,900 - $2,183,900 | 303 | Bay and City | 2024 |
800000 | 24 SW 4th Street | Miami River Brickell | $800,000 - $12,000,000 | 350 | Bay and City | 2026 |
800000 | 1210 Brickell Avenue | Brickell | $800,000 - $2,500,000 | 540 | Bay and City | 2027 |
1668900 | 9740 W. Bay Harbor Drive | Bay Harbor Islands | $1,668,900 - $3,301,900 | 27 | Bay and City | 2025 |
4850000 | 5333 Collins Avenue | Miami Beach | $4,850,000 - $13,750,000 | 73 | Oceanfront | 2025 |
599000 | 3900 Biscayne Blvd. | Miami Design District | $599,000 - $1,180,000 | 198 | Bay and City | 2020 |
6290900 | 1428 Brickell Avenue | Brickell | $6,290,900 - $8,329,900 | 189 | Bay and City | 2026 |
3250000 | 15701 Collins Avenue | Sunny Isles Beach | $3,250,000 - $9,500,000 | 210 | Oceanfront | 2020 |
8000000 | 10245 Collins Avenue | Bal Harbour | $8,000,000 - $24,100,900 | 61 | Oceanfront | 2026 |
476000 | 1420 NW 14th Avenue | Miami River Brickell | $476,000 - $777,040 | 283 | City | 2025 |
775000 | 1850 Kennedy Causeway | North Bay Village | $775,000 - $2,825,000 | 327 | Bay and City | 2024 |
6000000 | 1901 Collins Avenue | South Beach | $6,000,000 - $40,000,000 | 49 | Oceanfront | 2027 |
15450000 | 6 Fisher Island Drive | Fisher Island | $15,450,000 - $31,350,000 | 50 | Oceanfront | 2026 |
530000 | 239 SW 9th Street | Brickell | $530,000 - $875,000 | 170 | City | 2024 |
6045000 | 1809 Brickell Avenue | Brickell | $6,045,000 - $7,160,000 | 154 | Bay and City | 2026 |
4500000 | St. Regis Residences Sunny Isles 18801 Collins Avenue | Sunny Isles Beach | $4,500,000 - $7,260,000 | 194 | Oceanfront | 2025 |
497900 | 3100 NE 1st Avenue | Edgewater Miami Midtown | $497,900 - $830,900 | 228 | Bay and City | 2023 |
850000 | 18501 Collins Avenue | Sunny Isles Beach | $850,000 - $32,750,000 | 154 | Oceanfront | 2020 |
4500000 | 175 SE 25th Road | Brickell | $4,500,000 - $10,500,000 | 135 | Bayfront | 2024 |
967406 | 410 NE 35th Terrace | Edgewater Miami Midtown | $967,406 - $1,887,788 | 121 | Bay and City | 2024 |
4550000 | 710 NE 29th Street | Edgewater Miami Midtown | $4,550,000 - $8,500,000 | 70 | Bay and City | 2026 |
2850000 | 515 Valencia Avenue | Coral Gables | $2,850,000 - $3,575,000 | 39 | City | 2022 |
2037600 | 535 Santander Avenue | Coral Gables | $2,037,600 - $4,360,800 | 48 | City | 2025 |
20500000 | 4 Grove Isle Drive | Coconut Grove | $20,500,000 - $20,500,000 | 65 | Bay and City | 2025 |
4428000 | 330 Biscayne Blvd | Miami Downtown | $4,428,000 - $4,428,000 | 360 | Bay and City | 2027 |
3020000 | 9760 W. Bay Harbor Drive | Bay Harbor Islands | $3,020,000 - $5,225,000 | 64 | Bay and City | 2024 |
365000 | 18 NW 11th Street | Miami Downtown | $365,000 - $900,000 | 659 | Bay and City | 2027 |
390000 | 227 NE 2nd Street | Miami Downtown | $390,000 - $599,000 | 231 | Bay and City | 2022 |
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.