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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

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
1343000

2200 Brickell

2200 Brickell Avenue

Brickell$1,343,000 - $1,783,000105Bay and City2025
315000

501 First Residences

501 NE 1st Avenue

Miami Downtown$315,000 - $700,000448Bay and City2025
7500000

57 Ocean

5775 Collins Avenue

Miami Beach$7,500,000 - $15,495,00071Oceanfront2021
500000

600 Miami Worldcenter

600 Northeast 1st Avenue

Miami Downtown$500,000 - $965,000579Bay and City2026
700000

72 Park

580 72nd Street

Miami Beach North Beach$700,000 - $2,400,000270Bay and City2024
1922800

7918 West

7918 West Drive

North Bay Village$1,922,800 - $2,509,97854Bay and City2025
3450000

888 Brickell by DOLCE & Gabbana

888 Brickell Avenue

Brickell$3,450,000 - $35,000,000259Bay and City2027
1399999

Alana Bay Harbor

9901 W Bay Harbor Drive

Bay Harbor Islands$1,399,999 - $2,198,00030Bay and City2025
1224000

Arbor

3034 Oak Ave

Coconut Grove$1,224,000 - $1,898,80045Bay and City2024
2793900

Aria Reserve

725 NE 24 Street

Edgewater Miami Midtown$2,793,900 - $4,825,900800Bay and City2024
825000

Armani Residences

18975 Collins Avenue

Sunny Isles Beach$825,000 - $17,500,000308Ocean & City2021
14250000

ARTE

8955 Collins Ave

Surfside$14,250,000 - $14,250,00016Oceanfront2021
59000000

Aston Martin Residences

300 Biscayne Blvd Way

Miami Downtown$59,000,000 - $59,000,000391Bay and City2023
1540000

Aurora

17550 Collins Avenue

Sunny Isles Beach$1,540,000 - $2,850,00061Ocean & City2021
898790

Avenue

351 San Lorenzo Avenue

Coral Gables$898,790 - $1,469,90054City2025
2495900

Baccarat Residences

444 Brickell Avenue

Brickell$2,495,900 - $21,700,000360Bay and City2025
4031685

Bay Harbor Towers

10141 E. Bay Harbor Drive

Bay Harbor Islands$4,031,685 - $9,730,57544Bay and City2027
5600000

Bentley Residences

18401 Collins Avenue

Sunny Isles Beach$5,600,000 - $7,850,000216Oceanfront2026
3400000

Bijou Bay Harbor

9521 E. Bay Harbor

Bay Harbor Islands$3,400,000 - $3,400,00041Bay and City2021
1500900

Casa Bella

1444 Biscayne Blvd

Edgewater Miami Midtown$1,500,900 - $9,599,900319Bay and City2026
2076900

Cipriani Residences Miami

1420 S Miami Avenue

Brickell$2,076,900 - $7,119,900397Bay and City2026
2068800

Continuum Club & Residences

1755 Kennedy Causeway

North Bay Village$2,068,800 - $2,926,450198Bay and City2026
1400000

Cove

490 NE 29th Street

Edgewater Miami Midtown$1,400,000 - $3,500,000116Bay and City2026
300000

Crosby Worldcenter

640 N. Miami Avenue

Miami Downtown$300,000 - $750,000450Bay and City2025
1895000

Diesel Wynwood

116-161 NW 28th Street

Edgewater Miami Midtown$1,895,000 - $3,490,000159Bay and City2025
350000

District 225

225 & 233 N Miami Avenue

Miami Downtown$350,000 - $700,000343City2024
400000

Domus Brickell Park

1611 SW 2nd Avenue

Brickell$400,000 - $900,000171City2025
375000

E11EVEN

20 NE 11th Street

Miami Downtown$375,000 - $25,000,000375Bay and City2026
450000

E11EVEN Beyond

29 NE 11th Street

Miami Downtown$450,000 - $1,200,000550Bay and City2026
4080000

Edition Edgewater

2121 North Bayshore

Edgewater Miami Midtown$4,080,000 - $5,190,000188Bay and City2026
1695000

Eighty Seven Park

8701 Collins Ave

Surfside$1,695,000 - $5,350,00064Oceanfront2020
915000

Ella

6940 Abbott Avenue

Miami Beach North Beach$915,000 - $1,545,00095Bay and City2026
629000

Elser Hotel & Residences

398 NE 5th Street

Miami Downtown$629,000 - $1,876,500636Bay and City2022
3400000

Elysee

788 NE 23 Street

Edgewater Miami Midtown$3,400,000 - $8,950,000100Bay and City2021
6900000

Estates at Acqualina

17901 & 17975
Collins Ave.

Sunny Isles Beach$6,900,000 - $49,000,000252Oceanfront2022
5400000

Fairchild Coconut Grove

3581 E. Glencoe St

Coconut Grove$5,400,000 - $6,250,00026Bay and City2020
1420000

Five Park

500 Alton Road

South Beach$1,420,000 - $4,700,00098Bay and City2024
400000

GALE Hotel & Residences

159 NE 6th Street

Miami Downtown$400,000 - $1,900,000160Bay and City2024
400000

HUB Miami

525 NW 2nd Avenue

Miami River BrickellContact us
for available listings
306Bay and City2027
5700000

Indian Creek Residences

9110 W Bay Harbor

Bay Harbor Islands$5,700,000 - $11,250,0009Bay and City2026
540000

JEM Residences

1016 NE 2nd Avenue

Miami DowntownContact us
for available listings
259 condos
& 550 rental
Bay and City2026
1465000

La Baia North

9481 E Bay Harbor Drive

Bay Harbor Islands$1,465,000 - $3,950,00057Bay and City2024
400000

Legacy Residences

942 NE 1st Avenue

Miami Downtown$400,000 - $400,000529Bay and City2024
2163000

Lofty Brickell

99 Southwest 7th Street

Miami River Brickell$2,163,000 - $2,253,000300Bay and City2024
4900000

Mandarin Oriental Residences

1 Island Drive

Brickell Key$4,900,000 - $20,000,000220Bay and City2027
4900000

Mercedes Benz Places

1 Southside Park

Brickell$4,900,000 - $4,900,000755City2027
719900

Missoni Baia

700 NE 26th Terrace

Edgewater Miami Midtown$719,900 - $8,500,000249Bayfront2023
3290000

Monaco Yacht Club

6800 Indian Creek Drive

Miami Beach North Beach$3,290,000 - $5,850,00039Bay and City2021
2250000

Monad Terrace

1300 Monad Terrace

South Beach$2,250,000 - $7,000,00059Bay and City2020
650000

Mr. C Residences

2655 S Bayshore Drive

Coconut Grove$650,000 - $8,950,000121Bay and City2025
3150900

Mr. C Tigertail

2678 Tigertail Avenue

Coconut Grove$3,150,900 - $3,150,900138Bay and City2023
350000

Natiivo at 601 Miami

601 Northeast 1st Avenue

Miami Downtown$350,000 - $1,100,000604Bay and City2024
646424

NEXO

13899 Biscayne Boulevard

Miami Design District$646,424 - $654,554254City2025
646900

NoMad

2700 NW 2nd Avenue

Edgewater Miami Midtown$646,900 - $979,900329Bay and City2024
700000

Okan Tower

555 N Miami Avenue

Miami Downtown$700,000 - $11,000,000426Bay and City2026
5045000

Onda

1135 103rd St

Bay Harbor Islands$5,045,000 - $9,242,00041Bay and City2024
947900

One Park Turnberry

2411 Laguna Circle

Miami Design District$947,900 - $2,384,900303Bay and City2025
800000

One River Point

24 SW 4th Street

Miami River Brickell$800,000 - $12,000,000350Bay and City2026
800000

ORA Casa Tua

1210 Brickell Avenue

Brickell$800,000 - $2,500,000540Bay and City2027
1860900

Origin Residences

9740 W. Bay Harbor Drive

Bay Harbor Islands$1,860,900 - $3,265,90027Bay and City2025
5395000

Perigon Miami Beach

5333 Collins Avenue

Miami Beach$5,395,000 - $37,000,00073Oceanfront2025
589000

Quadro

3900 Biscayne Blvd.

Miami Design District$589,000 - $1,100,000198Bay and City2020
6290900

Residences at 1428 Brickell

1428 Brickell Avenue

Brickell$6,290,900 - $8,329,900189Bay and City2026
3275000

Ritz Carlton Sunny Isles

15701 Collins Avenue

Sunny Isles Beach$3,275,000 - $8,500,000210Oceanfront2020
9000000

Rivage Bal Harbour

10245 Collins Avenue

Bal Harbour$9,000,000 - $24,100,90061Oceanfront2026
609000

River District 14

1420 NW 14th Avenue

Miami River Brickell$609,000 - $784,536283City2025
828000

Shoma Bay

1850 Kennedy Causeway

North Bay Village$828,000 - $1,535,000327Bay and City2024
6000000

Shore Club

1901 Collins Avenue

South Beach$6,000,000 - $40,000,00049Oceanfront2027
15450000

Six Fisher Island

6 Fisher Island Drive

Fisher Island$15,450,000 - $31,650,00050Oceanfront2026
569900

SMART Brickell

239 SW 9th Street

Brickell$569,900 - $875,000170City2024
3895000

St. Regis Brickell Residences

1809 Brickell Avenue

Brickell$3,895,000 - $3,895,000154Bay and City2026
4500000

St. Regis Residences Sunny Isles

18801 Collins Avenue

Sunny Isles Beach$4,500,000 - $7,260,000194Oceanfront2025
497900

Standard Residences

3100 NE 1st Avenue

Edgewater Miami Midtown$497,900 - $830,900228Bay and City2025
850000

Turnberry Ocean Club

18501 Collins Avenue

Sunny Isles Beach$850,000 - $28,995,000154Oceanfront2020
6900000

UNA Residences

175 SE 25th Road

Brickell$6,900,000 - $9,900,000135Bayfront2024
598230

VIDA Residences

410 NE 35th Terrace

Edgewater Miami Midtown$598,230 - $2,195,230121Bay and City2025
5186900

Villa Miami

710 NE 29th Street

Edgewater Miami Midtown$5,186,900 - $9,466,90070Bay and City2026
0

Villa Valencia

515 Valencia Avenue

Coral GablesContact us
for available listings
39City2022
2037600

Village at Coral Gables

535 Santander Avenue

Coral Gables$2,037,600 - $4,360,80048City2025
20500000

Vita at Grove Isle

4 Grove Isle Drive

Coconut Grove$20,500,000 - $20,500,00065Bay and City2025
3290000

Waldorf Astoria

300 Biscayne Blvd

Miami Downtown$3,290,000 - $50,000,000360Bay and City2027
1595000

WELL Residences

9760 W. Bay Harbor Drive

Bay Harbor Islands$1,595,000 - $5,225,00064Bay and City2024
365000

WEST Eleventh

18 NW 11th Street

Miami Downtown$365,000 - $900,000659Bay and City2027
390000

Yotelpad

227 NE 2nd Street

Miami Downtown$390,000 - $595,000231Bay and City2022


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.