Question 1

What is pre-construction luxury real estate in Miami?

Accepted Answer

Pre-construction refers to condominiums, townhomes, and single-family residences purchased directly from the developer before — or during — construction. The purchase price, deposit schedule, estimated completion date and the developer's rights to adjust plans or timing are set out in the developer's purchase agreement and condominium documents, and delivery timelines vary by project. Explore active Miami luxury real estate or start a private buyer consultation.

Question 2

How do deposit structures work for Miami new developments?

Accepted Answer

Miami pre-construction projects generally use staged deposits tied to construction milestones — for example, a portion at contract, additional installments at groundbreaking and top-off, and the balance at closing. The specific percentages and timing vary by developer and project and are set out in each purchase agreement, so review the deposit schedule, escrow terms and cancellation provisions for the particular building with your attorney before signing. Any requested changes to deposit timing, credits or incentives are subject to the developer's approval and should be documented in the contract.

Question 3

Can international buyers acquire Miami pre-construction residences?

Accepted Answer

Yes, subject to the developer's contract requirements and applicable law. Buyers based abroad should coordinate wire instructions directly with the escrow agent, confirm any tax, entity or reporting questions with qualified tax and legal advisors, and review the international buyer guide for FIRPTA, identification and remote-signing considerations.

Question 4

What are the advantages of pre-construction vs. resale?

Accepted Answer

Pre-construction can offer selection among available floor plans, views and finishes, new systems and applicable statutory or developer warranties, and a contract price set before completion. Trade-offs include a delayed delivery date, deposits held during construction, plan and timing changes permitted by the contract, and uncertainty about market conditions at completion. Whether a pre-construction or resale purchase in Brickell, Edgewater, or Sunny Isles Beach suits a buyer depends on timing, financing and intended use, not on an assumed change in value.

Question 5

Which Miami areas can buyers compare for new developments?

Accepted Answer

Project availability varies over time and by location. Buyers can compare currently available information for developments in areas such as Brickell, Edgewater, Sunny Isles Beach, Bay Harbor Islands, Miami Beach, Coconut Grove and Coral Gables. Review available information across all Miami communities.

Question 6

Who pays for buyer representation on a new development?

Accepted Answer

Buyer-representation services, responsibilities and compensation should be reviewed and agreed to in writing before services begin. Some developers offer compensation to a buyer's broker and some do not; the structure varies by project and agreement and is confirmed before registration with a specific development. Independent buyer representation allows a buyer to compare several projects rather than working only with one building's sales team.

Question 7

How do I compare branded residences across Miami?

Accepted Answer

Branded residences (Aston Martin, Mandarin Oriental, Bentley, Cipriani, Rosewood, Waldorf Astoria, and others) each carry distinct pricing, deliverables, and long-term value profiles. See the Aston Martin Residences guide and Mandarin Oriental Residences guide for benchmark comparisons.

New Construction in Miami — Where Vision Meets Skyline

Luxury New Developments

NEW LUXURY HOMES IN MIAMI

New Luxury Condos

New Townhomes in Miami

Guidance on Miami's New Developments

Request a Confidential Consultation

New Developments in Miami — FAQ