If you're looking at new construction condos in Miami right now, you've probably noticed prices are climbing fast. Buildings attached to hotel brands (called "branded residences," like a St. Regis condo where a five-star hotel also runs your building), are becoming the norm, and many of them start above $5M. Waterfront land in the city is almost gone. Right now, $2M buys you a foot in the door, not much more.
A quick note before we get into it: every price below is for a 3-bedroom unit specifically, because that's the size most customers are asking about right now: 3-bedrooms are the scarcest, and they're getting snapped up fastest. Looking for a 1-2 bedroom unit instead? Reach out, I can help with those too.
Here are 5 projects worth knowing about. For floor plans and specific unit pricing, contact me:
1. Cora — Coral Gables (Merrick Park)
Delivery: Early 2028
12 floors, 74 residences
What's unique: The first WELL-certified residential building in Coral Gables, built on the last buildable lot in the neighborhood, with dedicated parking for every home instead of valet-only
Three-bedroom pricing: Starting around $2.5M, up to $3-4 million on the top 2 floors
2. Shoma Bay — North Bay Village
Delivery: Q4 2027
24 floors, 333 residences
What's unique: A chauffeured Rolls-Royce house car for residents, and rare new waterfront inventory between Miami Beach and the mainland
Three-bedroom pricing: About $1.73M for 1,443 square feet (the most affordable three-bedroom on this list)
3. 2200 Brickell — South Brickell
Delivery: Already delivered earlier this year; what's left is developer inventory
5 floors, 103 residences
What's unique: Low-rise and quiet, closer to Coconut Grove than to Brickell's towers, and move-in ready now
Three-bedroom pricing: Around $2,55M for a 3-bedroom-plus-den, roughly 1,820 square feet
4. Okan Tower — Downtown Miami
Delivery: Q4 2027
70 floors, 163 condominium residences (the tower also includes a Hilton hotel and hotel-branded units)
What's unique: Hilton-branded residences with hotel service, already more than half built
Three-bedroom pricing: Starting around $2,52M for 1,700 to 2,190 square feet
5. The Cove Residences — Edgewater
Delivery: Q1 2028
40 floors, 134 residences
What's unique: Beach club access to a 4-star hotel near Miami Beach's Faena district, plus a 1-year yacht club membership for buyers who sign now
Three-bedroom pricing: 3-bedroom-plus-den starting around $2.3M (about $998/SF)
What this means for buyers and sellers
Buying pre-construction means you're buying a home before it's built, based on floor plans and renderings; 2200 Brickell is the one exception here, since it's already delivered. The real question isn't which building looks nicest, it's how you want to live: scarcity and wellness in Coral Gables, waterfront value in North Bay Village, a quiet residential feel in South Brickell, hotel service downtown, or boutique waterfront calm in Edgewater.
At this price point, 3-bedroom buyers actually have choices. And if you're selling in Coral Gables, Brickell, or Edgewater, these are the buildings you're competing against: worth knowing before you list.
I'm Cindy Summer Perez, and I help buyers and sellers make sense of Miami's pre-construction market. Want a closer look at any of these 5, floor plans, or exact unit pricing? Let's schedule a virtual presentation to see what is the best match for you.
