Surf Row Residences Officially Breaks Ground in Surfside
Construction is officially underway at Surf Row Residences, a boutique condominium development in Surfside created by LD&D in partnership with ONE Capital and JV partner IGEQ. Marked by an intimate groundbreaking ceremony at 8800 Collins Avenue, the milestone welcomed Surfside city officials, project partners, and community members. The event underscored the development’s contribution to the town’s ongoing revitalization and its commitment to thoughtful, design-driven coastal living.
Strong Buyer Demand and Architectural Distinction
Surf Row Residences has generated remarkable pre-construction momentum, drawing interest from buyers throughout South Florida, the U.S., and international markets. According to ONE Sotheby’s International Realty, the project’s exclusive sales and marketing partner, demand has been exceptionally strong among those seeking privacy, walkability, and proximity to both the ocean and Bal Harbour Shops. With just 24 bespoke homes, the project presents a rare opportunity to own a residence with a distinct architectural identity in one of South Florida’s most coveted beachside communities.
Sculptural Design Inspired by Surfside’s Coastal Character
Designed by Alfonso Jurado Architecture and Boris Pena Architects, with The Rinaldi Group serving as general contractor, Surf Row Residences introduces an architectural language inspired by Miami’s cultural heritage and natural shoreline. The 75,000-square-foot development emphasizes organic forms, layered glass facades, and lush landscaping, evoking the movement of waves, bird wings, and wind-swept sand. Residences feature fluid layouts extending to private terraces and skylit interiors, with one- to three-bedroom floor plans ranging from 894 to 2,195 square feet and starting from $1.4 million. Select homes also offer private rooftop terraces, plunge pools, and summer kitchens.
Resort-Style Amenities in an Intimate Setting
Uncommon for a community of this size, Surf Row Residences offers more than 6,400 square feet of amenities. These include a rooftop pool deck with sweeping ocean views, a Zen spa featuring a cold plunge and sauna, a fitness studio, co-working lounge, and beach butler service. Through a collaboration with RH, all shared spaces will be furnished with the luxury brand’s curated collections, while optional RH-designed turnkey residences are available for buyers seeking a seamless move-in experience.
Situated in the Heart of Surfside’s Revitalization
Located just north of Miami Beach, Surf Row Residences stands at the center of Surfside’s ongoing evolution, surrounded by celebrated destinations such as The Surf Club and emerging investments in public spaces. Its design and scale align with the town’s broader vision of fostering long-term community vitality while preserving Surfside’s distinctive coastal charm. Completion of Surf Row Residences is anticipated in 2027.
Four Seasons Private Residences Coconut Grove Breaks Ground in Miami
Developers Ugo Colombo’s CMC Group and Nadim Ashi’s Fort Partners have recently broken ground on Four Seasons Private Residences Coconut Grove, marking a major milestone for Miami’s luxury condo landscape. The project represents Florida’s first-ever standalone Four Seasons-branded residential tower, offering a purely residential experience without an attached hotel — a rarity in the global Four Seasons portfolio.
Located on a prime 1.16-acre waterfront parcel at 2699 S. Bayshore Drive, the 20-story development is already over 50% pre-sold, with prices starting just under $6 million. Early buyers include a significant number of local residents downsizing from single-family homes or upgrading from other condominiums in search of elevated Four Seasons service.
A Landmark Moment for Coconut Grove
With the groundbreaking taking place in early November, Four Seasons Private Residences Coconut Grove is set to become one of the most prestigious addresses in Miami. Coconut Grove’s lush waterfront setting, walkable village center, and refined lifestyle continue to attract buyers from across South Florida and beyond.
For the Four Seasons brand, this project signals growing demand for hotel-level services delivered in a private residential-only environment — a model that appeals to affluent buyers seeking exclusivity, security, and high-touch service without the constant activity of a hospitality component.
Design, Development & Team
The project brings together two of the most respected teams in luxury real estate:
Developer: CMC Group (Ugo Colombo)
Co-Developer: Fort Partners (Nadim Ashi)
Architecture: Revuelta Architecture International
Interiors: Michele Bönan of Florence
Landscape: Lush, Grove-inspired tropical design
Together, they are creating a sculptural, curved tower designed to maximize Biscayne Bay views while blending naturally into Coconut Grove’s signature canopy of banyan and gumbo limbo trees.
Residences & Private Home Features
Four Seasons Private Residences Coconut Grove will feature:
70 ultra-luxury residences across 20 stories
Private elevator foyers for every home
11-foot ceilings with floor-to-ceiling glass
Custom-designed Molteni kitchens
Premium Sub-Zero and Wolf appliance packages
Italian marble baths
Deep terraces framing unobstructed bayfront views
A limited collection of penthouse and upper-level residences will offer expansive layouts approaching 10,000 square feet.
World-Class Amenities & Four Seasons Services
As the first standalone Four Seasons residential tower in Florida, the property will deliver an elevated lifestyle built around privacy, personalization, and wellness. Planned amenities include:
Resort-style bayfront pool deck and cabanas
Resident-only restaurant and lounge
Wellness spa with sauna, cold plunge, and therapy offerings
State-of-the-art fitness center with private training spaces
Library, children’s room, and multipurpose event areas
Full suite of Four Seasons services, including valet, concierge, housekeeping options, and personalized in-residence services
The building will be staffed and operated to Four Seasons’ global hospitality standards, bringing five-star luxury to everyday living.
Unbeatable Coconut Grove Location
Positioned along 2699 S Bayshore Drive in Coconut Grove, the luxury tower sits directly across from Biscayne Bay and the waterfront parks. Residents will enjoy immediate access to:
CocoWalk and the Grove’s dining and retail
Marinas, yacht clubs, and bayfront green spaces
Top-tier private schools including Ransom Everglades
Coral Gables, Brickell, downtown Miami, and MIA
It’s an exceptional location offering walkability, serenity, and prestige — all within one of Miami’s most historic neighborhoods.
A Strong Year for CMC Group in the Grove
This recent groundbreaking comes as CMC Group approaches the delivery of Vita at Grove Isle, another highly anticipated luxury project expected to welcome residents by year’s end. Combined, these developments reinforce Coconut Grove’s position as one of Miami’s most sought-after enclaves for high-end waterfront living.
Regalia on the Bay: Fully Approved 82-Story Development Site in Downtown Miami Heads to Auction
Credit: ONE Commercial
A landmark opportunity to redefine Downtown Miami’s skyline will soon go to auction. The fully approved Regalia on the Bay, located at 340 Biscayne Boulevard, is set to be auctioned by Sotheby’s Concierge Auctions this December—offering one of the most significant mixed-use development opportunities in South Florida.
Credit: ONE Commercial
A Once-in-a-Generation Opportunity on Biscayne Boulevard
Currently operating as a Holiday Inn, the 0.91 ± acre site occupies one of the last large parcels on Biscayne Boulevard. The hotel will cease operations at the end of 2025, paving the way for redevelopment into an ultra-luxury supertall tower designed by Arquitectonica.
The project is fully entitled and approved for an 82-story mixed-use high-rise comprising approximately 1,439,352 ± square feet of gross development area and 959,568 + square feet of net sellable area, including:
374 luxury condominium residences
120-key hotel
Office and commercial spaces
500 parking spaces
The property presents a rare opportunity to develop one of the last large-scale waterfront sites in the heart of Downtown Miami.
Bidding Details
The property is listed for $175 million and will be sold without a minimum bid requirement—allowing the market to set the price.
Online bidding opens: December 3, 2025 at 5 p.m. ET
Live auction: December 17, 2025 at Sotheby’s New York
Bidder deposit required: $250,000 USD (refundable to non-winning bidders)
Auction platform: Sotheby’s Concierge Auctions
All bidders must be pre-qualified with Sotheby’s Concierge Auctions prior to the start of the auction.
Credit: ONE Commercial
Surrounded by Landmark Towers in Miami’s Luxury Corridor
Situated in Miami’s fast-evolving downtown core, Regalia on the Bay is surrounded by world-class developments including Waldorf Astoria Residences Miami, Aston Martin Residences, One Thousand Museum, and E11EVEN Hotel & Residences. The neighborhood has become a focal point for luxury residential growth, attracting global investors, high-net-worth buyers, and corporations relocating to South Florida.
Prime Location & Connectivity
The site’s coveted position at 340 Biscayne Boulevard offers direct access to Bayfront Park, the Pérez Art Museum Miami (PAMM), the Kaseya Center, Miami Worldcenter, and Brickell City Centre. The nearby Brightline station, Metromover, and Port of Miami provide seamless regional and international connectivity.
“Regalia on the Bay is a rare opportunity to shape Miami’s iconic skyline,” added Gabriel Flores, Vice President and Managing Broker of ONE Commercial. “Located along prestigious Biscayne Boulevard and framed by landmark towers, this premier site awaits a visionary buyer ready to define the next chapter of Miami luxury.”
Tokenizing Real Estate: Why Web3 Is Poised to Revolutionize Property Ownership
The real estate industry is on the brink of a digital revolution—and tokenization is at the heart of it. In a dynamic panel discussion held during a recent Web3 conference in Miami, real estate developer Diego Ojeda (The Rider Residences), Eric Mendelson from Avanti Way Realty, and David Saul Acosta representing E11EVEN Miami shared their bold insights on how blockchain, tokenized assets, and crypto-backed financing are reshaping the property landscape.
Now available to watch in full, this must-see video reveals what tokenization actually means, how it works in practice, and what it could mean for global investors, developers, and brokers.
What Is Tokenized Real Estate?
Tokenization refers to dividing real estate ownership into digital tokens on a blockchain, allowing for fractional ownership, borderless transactions, and far greater liquidity. The panel kicked off by exploring what tokenizing a property really means—”freedom,” “democratization,” and “access” were common themes echoed by all speakers.
How The Rider Residences Became a Crypto Trailblazer
Developer Diego Ojeda discussed how his project, The Rider Residences in Wynwood, has become a poster child for crypto-integrated sales. Following a viral crypto transaction that was even tweeted by Miami Mayor Francis Suarez, the project has embraced digital assets through strategic partnerships with fintech companies like Milo, allowing buyers to collateralize Bitcoin without liquidating.
Crypto’s Impact on Capital Raising and Ownership Structures
The panel explored how Web3 is changing how developers raise capital. Diego shared how tokenization—like his prior $16M raise via crowdfunding at Mohawk at Wynwood—unlocks entirely new buyer pools globally. By offering white-glove rental management and fully furnished units with no rental restrictions, The Rider is positioned as a prime candidate for tokenized ownership.
Why the U.S. Market May Lag Behind Internationally
Eric Mendelson from Avanti Way Realty highlighted how other regions, such as Dubai and Colombia, are already embracing tokenized platforms due to limited access to mortgage financing. In the U.S., he believes tokenization will gain traction slowly—but with the right education and strategic partnerships, it’s only a matter of time.
E11EVEN Hotel & Residences: A Web3 Case Study in Hospitality & Lifestyle Real Estate
David Saul Acosta spoke about 11 Hotel & Residences, one of the first major developments in Miami to accept crypto for deposits and purchases. With over $1B in sales, the success of E11EVEN’s integration of Web3 principles shows the power of aligning brand, audience, and technology. Their partnership with PMG and emphasis on understanding the crypto-native buyer was key to their success.
Misconceptions and Education: The Broker’s Role
Eric noted that despite growing crypto adoption, 99% of real estate agents in Miami still don’t know how to handle crypto transactions. Through his crypto real estate division at Avanti Way, he’s training agents to understand compliance, capital gains strategies, and how to leverage crypto—not just convert it.
Final Thoughts: Web3 in Real Estate Is Here to Stay
The panel concluded with a clear message: developers who embrace Web3 early—through tokenization, strategic partnerships, and authentic engagement with the crypto community—will be ahead of the curve. The Rider Residences, E11EVEN Hotel & Residences, and Avanti Way are living proof that real estate and blockchain are no longer separate worlds.
Pagani Residences Debuts Record-Setting Penthouses and the Exclusive Pagani Utopia Miami Edition
Today, Miami witnessed the next evolution of branded luxury living with the official debut of Pagani Residences’ two crown jewel penthouses. Designed by renowned Italo-Argentine automaker Horacio Pagani, the world’s first Pagani-branded residential project continues to push the limits of artistry, innovation, and craftsmanship. Located at 7940 West Drive in North Bay Village, the newly unveiled duplex penthouses—priced at $30 million and $28.5 million—set record-breaking price points for the three-island city, further establishing the project’s position as a landmark in Miami’s ultra-luxury market.
A New Benchmark in Design and Architecture
Crowning the 28th and 29th floors, the two penthouses at Pagani Residences epitomize the project’s commitment to architectural beauty and automotive precision. Penthouse 01 spans 12,200 square feet—7,000 interior and 5,200 outdoor, with five bedrooms and six bathrooms—while Penthouse 02 offers 10,700 square feet—6,100 interior and 4,600 outdoor, with four bedrooms and five bathrooms. Each residence rises across two dramatic levels with soaring 13-foot ceilings, private elevator access, and expansive terraces framing panoramic views of Biscayne Bay and the Miami skyline.
Personally curated by Horacio Pagani and the Pagani Arte team, every finish and fixture within the penthouses reflects the brand’s signature fusion of performance engineering and sculptural design. Interiors feature light oak flooring arranged in Pagani’s chevron parquet pattern with intricate metal inlays, complemented by travertine stone on the second level. A swirling travertine staircase with oak and white lacquered metal details serves as a functional centerpiece, recalling the craftsmanship seen in Pagani’s legendary hypercars. The kitchens, created by Schiffini Magistretti and outfitted with penthouse-exclusive Gaggenau appliances, come in luxurious combinations of Carrara marble and Argento Veneziano aluminum or Portoro marble and Nero Lipari aluminum. Bathrooms continue the bespoke approach with honed travertine, Pagani’s 1000 line detailing, and Gessi Cesello fixtures.
“Pagani Residences represents the pinnacle of living and design, and the penthouses are its most exceptional expression,” said Mikael Hamaoui, founder and CEO of Riviera Horizons. “From bespoke materials to private pools, to the rarest of automotive works of art, these homes elevate luxury into legend.”
The Pagani Utopia Miami Edition
In a move that redefines branded living, each penthouse purchase includes the opportunity to acquire a “Miami Edition” Pagani Utopia Roadster—a hypercar personally designed by Horacio Pagani. Inspired by Miami’s endless sea and sky, the Utopia Miami Edition features a bespoke blue finish, merging high performance with coastal artistry. Beyond the vehicle itself, each penthouse buyer will be invited to Italy for an immersive experience that includes a private tour of the Horacio Pagani Museo, an Atelier visit, and a personal meeting with Horacio Pagani and the Pagani Arte team.
During the trip, owners will collaborate directly with Pagani’s craftsmen to personalize both their hypercar and their residence, ensuring a cohesive expression of art, engineering, and individuality. The development also offers the option to purchase a private garage suite within the tower—designed with the same obsessive attention to detail that defines Pagani’s automotive interiors—giving each Utopia Roadster a fitting home beneath its owner’s penthouse.
“At Pagani, every creation begins with a dialogue,” said Horacio Pagani, founder and CEO of Pagani Automobili. “Just as we design a hypercar hand-in-hand with its owner, Pagani Residences, in collaboration with Pagani Arte, invites each resident into the adventure of shaping their home. Whether it’s a penthouse or a one-bedroom, the true pleasure is in crafting something unique and personal, infused with the same spirit of artistry and joy that defines our cars.”
Lifestyle, Amenities, and Setting
The penthouses come with private access to Pagani Residences’ signature wellness and social amenities. These include a state-of-the-art fitness center, a waterfront spa and restorative lounge on the 29th floor, and a rooftop pool deck with cabanas and thermal plunges. Interiors throughout the tower are designed by Pagani Arte and A++, distinguished by penthouse-exclusive chandeliers and Pagani’s signature ellipses—an iconic design motif drawn from the automaker’s supercars. Residents enjoy white-glove services and seamless lifestyle management, allowing each home to operate as both a personal retreat and a showcase of craftsmanship.
Set within North Bay Village, a tranquil enclave positioned in the center of Biscayne Bay, Pagani Residences offers effortless access to Miami’s premier destinations—including Miami Beach, Bal Harbour, Fisher Island, and the Design District—along with proximity to both Miami International and private airports. With just 70 residences in total, including four Sky Residences and two penthouses, exclusivity remains the project’s defining principle. Residences are priced starting at $3.7 million.
The Future of Branded Luxury Living
Pagani Residences represents a bold step forward for branded developments, merging the artistry of automotive design with the architectural language of luxury real estate. The project’s record-setting penthouse pricing not only cements its place in North Bay Village history but also signals Miami’s continued rise as a global hub for design-driven living. By offering an integrated lifestyle that includes a hypercar, a handcrafted residence, and a direct relationship with one of the world’s most revered designers, Pagani Residences transcends traditional notions of homeownership.
As Mikael Hamaoui summarized, these homes “elevate luxury into legend.” And as Horacio Pagani described, each residence is “a canvas for imagination, collaboration, and signature style.” Together, they have redefined what it means to live— and drive—at the highest level of artistry.
Download the Official Pagani Residences Penthouse Brochure
Discover detailed renderings, floor plans, and the design story behind the world’s first Pagani-branded residential tower.
Nobu Hospitality and Foster + Partners Reveal 619 Brickell — Luxury Tower Rising Just South of Icon Brickell
Nobu Hospitality and world-renowned architecture firm Foster + Partners have officially announced 619 Brickell, a 74-story luxury residential tower set to rise in the heart of Miami’s Brickell district. The project marks Nobu’s first branded residence in Miami and a major milestone for the city’s ever-evolving skyline. Designed by Foster + Partners in collaboration with Sieger Suarez Architects, 619 Brickell will bring together the artistry of Japanese minimalism with the contemporary sophistication that defines Miami’s urban core. The development will be located immediately south of Icon Brickell, placing it along one of Brickell’s most desirable waterfront stretches with sweeping views of Biscayne Bay.
According to the official announcement, 619 Brickell will include approximately 300 luxury residences paired with 90,000 square feet of private amenities. The amenity offerings are expected to rival the city’s top luxury developments, featuring a full-service spa and wellness retreat, a state-of-the-art fitness center, a poolside café, and dedicated residents’ lounges. In true Nobu fashion, the building will also introduce Miami’s second Nobu restaurant, which will occupy the ground level and feature a distinctive circular design overlooking Biscayne Bay. The integration of the restaurant directly into the tower’s design underscores the development’s focus on merging hospitality and home living—offering residents the seamless Nobu lifestyle experience that has made the brand a global symbol of luxury.
Foster + Partners’ vision for 619 Brickell embraces a blend of natural materials, open spaces, and organic textures to reflect Nobu’s timeless design ethos. The architecture is expected to complement Miami’s skyline while introducing a refined new silhouette to a stretch of Brickell defined by commercial and residential towers. Developers 13th Floor Investments and Key International described the project as “the perfect convergence of design, service, and lifestyle,” emphasizing their goal of elevating Miami’s standard for branded residential living.
For the Miami real estate market, 619 Brickell represents a major moment in the ongoing evolution of branded residences. Nobu’s expansion into Miami reflects a growing global trend of hospitality brands entering the luxury condominium sector, offering not just architectural prestige but also curated service and lifestyle experiences. The collaboration with Foster + Partners adds architectural weight to the project, ensuring 619 Brickell will stand out in both design and stature.
Beyond the brand name, 619 Brickell’s location immediately south of Icon Brickell positions it among Miami’s most valuable parcels of waterfront land. Its proximity to Brickell Key, Brickell City Centre, and the city’s financial center gives it unparalleled access to both business and leisure. With 90,000 square feet of amenities and a waterfront Nobu restaurant, the development is poised to redefine luxury living in Brickell, fusing culinary excellence with world-class residential design.
As details surrounding unit mix, pricing, and delivery timelines begin to surface, 619 Brickell is expected to draw strong interest from investors, brokers, and buyers seeking a new level of branded sophistication in Miami. For those tracking Miami’s luxury condo landscape, the announcement further underscores the city’s continued rise as one of the world’s premier destinations for design-driven, lifestyle-oriented real estate.
Ytech Secures $565M Construction Loan for The Residences at 1428 Brickell
On November 3, 2025, JLL’s Capital Markets team announced the arrangement of approximately $565.35 million in construction financing for The Residences at 1428 Brickell, a 70-story ultra-luxury condominium tower being developed by Ytech in Miami’s Brickell Financial District. The floating-rate loan has a term of approximately 4.25 years and is provided by senior lender JPMorgan Chase and junior lender Sculptor Real Estate. This financing marks one of the largest construction loans closed for a condo development in South Florida in 2025, signaling strong institutional confidence in Ytech’s project and the Brickell luxury condo market more broadly.
Project Overview and Unique Features
The Residences at 1428 Brickell will comprise 195 luxury homes spanning two- to four-bedroom plus den configurations, with unit sizes ranging from approximately 1,800 to 8,900 square feet. Designed by renowned architecture firms ACPV Architects (led by Antonio Citterio) and Arquitectonica, the tower will feature an innovative “solar backbone” on its west façade that incorporates more than 500 photovoltaic-integrated glass panels (nearly 20,000 square feet) to partially power the building. Additionally, the development will offer roughly 80,000 square feet of resident-only amenities—such as resort-level pools, a two-story Owners Club, wellness facilities and a rooftop observatory—reinforcing the ultra-luxury positioning of the building. Groundbreaking took place in November 2024 and the largest mat foundation pour ever executed in Brickell was completed in September 2025. 1428 Brickell is slated for delivery in Q4 2028.
Sales Momentum and Market Implications
As of October 2025, the project had achieved approximately 57% presold status, demonstrating meaningful early demand despite a broader macro environment of rising costs and shifting condo market dynamics in South Florida. International buyers, particularly from Latin America and Europe, as well as domestic buyers from cities like New York, Chicago and San Francisco, are reportedly participating in the sales.
The successful financing underscores the market’s confidence in high-end condo developments in Brickell—especially those that offer differentiated features like sustainability integration, large-format units, and full-service amenities. The scale of the loan also suggests that lenders continue to deploy significant capital into luxury residential product even as some sectors of real estate face headwinds.
Why This Deal Matters for Miami Real Estate
Capital markets validation: A $565 million loan demonstrates that financial institutions are willing to back large-scale luxury condo projects in Miami, even amid rising interest rates and construction cost pressures.
Sustainability and innovation: The solar-integrated façade sets a new benchmark for ultra-luxury residential product by combining high-design with energy-producing glass—an attribute that may help differentiate in a competitive market.
Luxury product demand: The presale performance (57%+ sold) highlights strong buyer demand for larger, premium residences—averaging over 1,800 square feet—in Brickell, a neighborhood traditionally known for smaller, investor-oriented units.
Construction momentum: With the mat pour already completed and delivery scheduled for 2028, the project is now entering a phase of execution with secured financing, which often de-risks the proposition for buyers and lenders.
In summary, by securing a landmark financing package and progressing into construction, The Residences at 1428 Brickell is poised to become a standout entry in Miami’s ultra-luxury condo segment. For developers, lenders, buyers and market watchers alike, this deal reflects both the elevated expectations of luxury real estate today and the evolving standards for design, sustainability and amenities.
Miami Metro vs. New York Metro: How Luxury Listings Compare in the U.S. Market
Realtor.com’s new report, “What is Luxury?”, sheds light on how the nation’s top metros stack up when it comes to high-end real estate. While New York still leads in the sheer number of luxury listings, the Miami–Fort Lauderdale–West Palm Beach metro isn’t far behind—highlighting Miami’s rapid rise as a national luxury hub.
$1M+ Listings: Miami Nearly Catches New York
According to the report, the New York–Newark–Jersey City metro has 11,980 active listings priced at $1 million or more, the highest total in the country. Surprisingly, the Miami–Fort Lauderdale–West Palm Beach metro is close behind with 10,074 $1M+ listings.
The gap between the two is far narrower than many might expect. Historically, New York has been viewed as the undisputed capital of U.S. luxury real estate, but Miami’s surge in high-end inventory shows the city’s market is maturing and competing on a national stage.
The Top 10% Thresholds: Miami vs. New York
Realtor.com defines “luxury” as the top 10% most expensive homes in any given market. Here’s how the thresholds compare:
Miami metro: The top 10% of listings start at $2,087,674
New York metro: The top 10% of listings start at $2,887,829
Nationally: The top 10% of listings begin at just under $1.3M
These numbers highlight how Miami’s luxury floor is nearly $800K higher than the national average, putting it firmly in the country’s upper tier. At the same time, it remains more accessible than New York, where buyers need close to $2.9M to break into the top luxury bracket.
What This Means for Buyers and Sellers
For buyers, Miami offers a unique proposition: access to a high-end market with world-class amenities, oceanfront living, and international appeal—all at a price point lower than New York’s top tier. For sellers, the data reinforces Miami’s position as one of the hottest luxury real estate markets in the U.S., with strong demand and inventory levels rivaling the country’s largest metro.
The Takeaway
The Realtor.com study confirms what many industry insiders already know: Miami is no longer just an emerging luxury market—it’s a powerhouse in its own right. With over 10,000 listings above $1 million and a luxury threshold that places it in the same conversation as New York, Miami continues to attract global buyers who see value, lifestyle, and long-term growth potential in South Florida real estate.
Miami Luxury Real Estate 2025: Cash Remains the Rule in an Ultra-High-End Market
In an article published yesterday, Realtor.com highlighted a striking reality in Miami’s upscale real estate market: cash continues to dominate luxury home transactions, especially at the highest price tiers. This pattern underscores a unique dynamic where financial flexibility—more than ever—drives market strength and seller confidence in the region.
Key Insights from Realtor.com:
All-cash transactions are now the norm in Miami’s luxury segment:
Homes priced between $1M–$5M see 53.5% cash sales.
Properties above $10M are purchased with cash nearly 59% of the time.
Ultra‑luxury condos and homes are overwhelmingly cash purchases:
Transaction volumes have soared compared to pre-pandemic levels:
Condo sales over $2,000/square foot increased 631%.
Single-family luxury sales are up a staggering 1,200%.
Miami’s luxury listings are booming:
The metro area had nearly 50,000 active listings in July, with over 20% priced at $1M or more—far above the national average of 13.8%.
Sellers are showing unusual patience:
Luxury homes linger longer—median days on market: 96.5 days, longer than in markets such as New York or Los Angeles.
Many sellers opt to delist rather than lower prices, maintaining confidence in Miami’s cash-rich buyer pool.
The role of international and cash buyers is pivotal:
High-net-worth individuals from around the world look to Miami as a safe, desirable investment—favoring speed, convenience, and privacy over financing.
Market Implications & Context
These all‑cash trends reinforce Miami’s reputation as a global luxury real estate powerhouse—especially when viewed alongside broader market dynamics:
Miami is among a handful of metros with year-over-year home price declines, yet the luxury segment remains resilient.
Delistings remain elevated, reflecting strategic pricing confidence among sellers—even amid cooling demand. Miami had 27 delistings per 100 new listings in May—one of the highest rates nationwide.
Gables Estates in Coral Gables recently overtook Beverly Hills as the most expensive U.S. neighborhood, highlighting Miami’s growing muscle in ultra‑luxury markets.
