Melo Group’s 1700 Biscayne Project in Edgewater Appears Ready to Begin Construction
Photo Credit: Zyscovich
Signage and Early Site Activity Signal Progress Nearly Four Years After Acquisition
Construction activity appears to be ramping up at 1700 Biscayne Boulevard, where Melo Group is planning one of Edgewater’s largest mixed-use developments. During a recent walk and drive around the site, Melo Group signage was visible along the entire perimeter of the block, and construction crews were on site staging materials, including large bundles of rebar, a typical precursor to foundation work.
While no official groundbreaking has been announced, the visible site preparation suggests that construction may be imminent.
Photo Credit: Google Earth
A Full City Block in the Heart of Edgewater
Melo Group acquired the entire city block in December 2021 for $105 million, assembling one of the most prominent development sites along Biscayne Boulevard.
The property is bounded by:
NE 17th Street to the south
NE 17th Terrace to the north
Biscayne Boulevard to the east
NE 2nd Avenue to the west
For many longtime Miami residents, this block is well known as the former home of the old Burger King and the seasonal Halloween stores that operated here for years — a nostalgic landmark that is now set for a complete transformation.
Project Overview: Four Towers, Nearly 2,500 Apartments
Plans call for a four-tower mixed-use development, with each tower rising approximately 60 stories. Once completed, the project is expected to deliver around 2,500 apartment units, significantly increasing residential density in Edgewater.
The development will also include ground-floor retail and commercial space, further activating this stretch of Biscayne Boulevard and strengthening the connection between Edgewater, the Arts & Entertainment District, and Downtown Miami.
The expanded scale of the project was made possible through the transfer of additional development rights, allowing Melo Group to increase allowable density without acquiring additional land.
Melo Group’s Growing Footprint in Edgewater
The 1700 Biscayne project is just one of several major developments Melo Group has planned for the immediate area. Just one block north, the firm has also proposed Biscayne 18, a twin 46-story tower development at 331 NE 18th Street.
That project is planned to deliver approximately 1,178 residential units on a 1.57-acre full city block, bounded by:
Biscayne Boulevard to the west
NE 18th Street to the south
NE 4th Avenue to the east
NE 19th Street to the north
Together, these projects underscore Melo Group’s role as one of the most active developers shaping Edgewater’s next phase of growth.
What Comes Next
While official construction timelines have not yet been released, the combination of perimeter signage, on-site crews, and staged materials suggests that vertical construction may not be far behind.
As Edgewater continues its evolution into one of Miami’s most densely developed residential corridors, the 1700 Biscayne project is poised to become a major contributor to the neighborhood’s transformation.
Knotel at Wyncatcher Opens as Wynwood’s New Creative Workclub
A hospitality-driven members club blending work, culture, and community in Miami
Knotel has officially opened Knotel at Wyncatcher in Miami’s Wynwood Arts District, unveiling a new kind of flexible workspace designed for the city’s rapidly expanding creative, entrepreneurial, and business communities. Officially opening on December 8, 2025, the nearly 40,000-square-foot destination anchors the Wyncatcher development and marks the debut of Knotel’s Workclub concept in the United States.
Positioned as far more than a traditional coworking space, Knotel at Wyncatcher is conceived as a next-generation “Workclub”—an experience-led environment where work, hospitality, culture, and community intersect. The two-story space integrates private office suites, shared work lounges, event and activation areas, rooftop gathering spaces, and hospitality-driven amenities into a cohesive ecosystem that supports both focused productivity and meaningful connection.
Why Miami Was the Ideal Home for Knotel’s First U.S. Workclub
Miami was a strategic choice for the Workclub’s U.S. debut. As companies continue to relocate teams and expand operations in South Florida, demand has grown for work environments that help attract talent, foster collaboration, and adapt to hybrid work models. “Experience-led environments have become essential for companies navigating growth, talent attraction, and new ways of working,” said Catherine Le Druillenec, Managing Director at Knotel. “Miami’s fast-growing business community and global connectivity make it the perfect environment for a flexible, hospitality-driven offering to thrive.”
Knotel at Wyncatcher reflects how Miami professionals live and work. Rooftop terraces, indoor-outdoor gathering spaces, and flexible layouts allow the space to shift naturally between workdays, meetings, and evening events. A restaurant and bar concept developed by Cotidiano Group, based in Guadalajara, Mexico, further reinforces the Workclub’s role as a destination—blurring the line between office, social club, and cultural venue.
Design, Art, and Atmosphere Rooted in Wynwood
Design played a central role in shaping the identity of Knotel at Wyncatcher. “When approaching the design of Knotel at Wyncatcher, it was essential to get the atmosphere perfect,” said Kim Kolkovich, Head of Design at Knotel. “We aimed to create a mood that reflects the vibrant, inspiring, and creative spirit of the surrounding neighborhood while also ensuring the space feels balanced, comfortable, and flexible enough to support different activities that transition throughout the day.”
Art and culture are integral to the Workclub experience. Knotel at Wyncatcher will feature a rotating art program highlighting emerging and established artists, transforming the space into a living gallery that evolves throughout the year. Alongside the workspace, curated cultural programming, brand activations, and member gatherings are intended to animate the space and reinforce Wyncatcher’s role as a creative hub within Wynwood.
A Community-Driven Model for the Modern Workplace
Beyond design and amenities, Knotel at Wyncatcher distinguishes itself through a long-term, community-focused operating model. Wyncatcher’s operator-landlord partnership allows for consistent curation, stability, and intentional programming—an important contrast to Miami’s often transient flexible workspace landscape. The result is a workspace that functions as a true home base for companies, independent talent, and creative teams seeking flexibility without sacrificing identity or continuity.
As Wynwood continues its evolution into a more mature, mixed-use district, Knotel at Wyncatcher represents a broader shift in how office space is envisioned in Miami. By blending hospitality, culture, and flexible work under one roof, the project signals a rethinking of the modern workplace—one that prioritizes experience, adaptability, and community in a city defined by creativity and momentum.
The World Bids Farewell to a Legend: Frank Gehry (1929–2025)
On December 5, 2025, the architectural world lost one of its true giants. Gehry Partners LLP confirmed that Frank Gehry — the visionary behind some of the most iconic buildings of the late 20th and early 21st centuries — passed away in Santa Monica at age 96.
Gehry’s work redefined what buildings could be: not just functional spaces, but sculptures, landmarks, emotional landmarks embedded in the cultural life of cities.
Global legacy: From Bilbao to LA and beyond
Gehry’s name became synonymous with daring, inventive architecture — from the titanium-clad swoops of the Guggenheim Museum Bilbao (1997) to the stainless-steel sails of the Walt Disney Concert Hall in Los Angeles (completed 2003).
His ability to blend artistry with functionality, to make buildings that were both theatrical and humanly accessible, earned him the top honors of his field — including the Pritzker Architecture Prize.
Though some critics viewed his “starchitect” approach as more spectacle than substance, many of his works still stand as proof that architecture can reshape not only skylines — but how people experience cities.
A Miami Beach touch: Gehry’s local footprint
Even here in South Florida — where pastel Deco facades and glass towers often dominate — Gehry left his mark. His most significant contribution to the region is the New World Center in Miami Beach, which officially opened in January 2011.
The New World Center serves as the home of the New World Symphony, America’s orchestral academy. It includes a 756-seat concert hall and a series of rehearsal and practice rooms.
The building is wrapped in a clean glass-and-white-plaster exterior — a deliberate choice to harmonize with Miami Beach’s architectural vernacular, rather than impose a metal-heavy “Gehry-look.”
Inside, however, the signature Gehry spirit thrives: a dramatic atrium, curved and sculpted interior spaces, and a design that emphasizes intimacy — no seat is more than thirteen rows from the stage, bringing audiences physically close to musicians.
The Center also incorporates a 2.5-acre public park with a 7,000-square-foot outdoor projection wall. Through “wallcasts,” people can enjoy free concerts, movies, and visual arts beneath the Miami sky — an open-air invitation to art, accessible to all.
Because the New World Center is Gehry’s first and — to date — only completed Florida commission, it stands as a special bridge between his global legacy and Miami’s unique cultural fabric.
Beyond that, Gehry was also associated with plans to renovate the Bacardi Tower and its museum campus in Miami, reimagining the interiors and possibly adding a performing arts center — though that project never reached the same realized prominence as the New World Center.
Why the world — and Miami — will feel his absence
For decades, Gehry pushed the boundaries of what architecture could express. With each building, he made a statement: that form matters; that architecture can inspire awe, stir emotion, and become part of a city’s identity.
In Miami Beach especially, the New World Center continues to serve as a rare example of architecture — by a global master — designed specifically for the local climate, culture, and community. The plazas, film-style “wallcasts,” and openness to public life reflect how architecture can be democratic, not elitist.
His passing reminds us both of the power of “star” architects — and of the responsibility we have to preserve, celebrate, and build upon their work responsibly and inclusively.
MILA Miami Named Highest-Grossing Independent Restaurant in America
Photo courtesy: MILA Miami
MILA Miami has officially been named the highest-grossing independent restaurant in the United States, topping Restaurant Business’ 2025 “Top 100 Independents” list with an impressive $51,115,747 in annual sales. The announcement marks a major milestone not only for MILA, but also for Miami Beach’s rapidly expanding culinary scene.
A Record-Breaking Year for MILA
According to Restaurant Business, MILA climbed to the No. 1 spot after previously ranking No. 5 in both 2022 and 2023 and No. 2 in 2024—an extraordinary trajectory for a restaurant that opened less than five years ago off of Lincoln Road in South Beach.
Its standout performance places the MediterrAsian hotspot ahead of legendary names across the country, including Joe’s Stone Crab (Miami Beach), Smith & Wollensky (New York), and Old Ebbitt Grill (Washington, D.C.).
Located at 1636 Meridian Avenue, MILA has gained national recognition for its unique blend of elevated dining, atmospheric design, and nightlife-inspired energy. The restaurant’s signature concept—described as “MediterrAsian cuisine”—pairs Mediterranean flavors with Japanese influence, complemented by a chic rooftop setting overlooking South Beach.
A Multi-Sensory Dining Experience
One of the defining elements behind MILA’s success is its multi-sensory approach. The venue integrates:
Immersive architectural design
A vibrant open-air terrace and rooftop bar
MediterrAsian sharing plates and signature dishes
An upscale omakase room
Live entertainment and nightlife elements
This combination has helped MILA resonate with both local diners and international visitors, turning it into one of Miami’s most in-demand dining destinations.
Source: Restaurant Business
Miami Dominates the List
MILA wasn’t the only South Florida entry to make the Top 15. Joe’s Stone Crab in Miami Beach ranked #3 with over $47 million in revenue, and Makoto in Bal Harbour came in at #13. The strong representation highlights Miami’s growing influence in the national restaurant landscape.
Here’s a look at the Top 5 restaurants on the 2025 list:
MILA — Miami — $51,115,747
The Boathouse — Orlando — $51,108,756
Joe’s Stone Crab — Miami Beach — $47,688,425
Old Ebbitt Grill — Washington, D.C. — $46,922,989
Delilah Las Vegas — Las Vegas — $40,000,000
Notably, MILA secured the top spot by a razor-thin margin of just $7,000 over The Boathouse in Orlando.
Industry Recognition and Continued Growth
Restaurant Business cites MILA’s performance as evidence of its strong brand vision, strategic leadership, and the continued evolution of its hospitality offerings. Beyond its main dining room, MILA has expanded into private dining, nightlife programming, and experiential events—all of which contribute to its robust revenue.
The accomplishment further positions Miami as a national force in hospitality, attracting global culinary talent and spotlighting the city’s increasingly competitive dining market.
Final Thoughts
As Miami’s culinary scene continues to surge, MILA Miami’s record-breaking achievement serves as a testament to the city’s growing cultural and gastronomic influence. With more high-profile openings on the horizon, South Florida is quickly becoming one of the most dynamic dining destinations in the U.S.
St. Regis Residences Sunny Isles Beach Secures $418M in Construction Financing
Bank OZK Boosts Loan Commitment to $418.3 Million
The developers of St. Regis Residences Sunny Isles Beach—Fortune International Group and Château Group—have secured a major increase in construction financing after Bank OZK expanded its loan commitment—which previously totaled $219 million—to $418.3 million. This substantial boost marks one of the largest construction financing packages issued for a Sunny Isles Beach condominium development and underscores the lender’s strong confidence in the project’s scale, market positioning, and long-term viability. The development is rising on a 4.7-acre oceanfront site at 18801 Collins Avenue, featuring 435 linear feet of beachfront—one of the most significant and scarce parcels under development in the area.
Strong Sales Momentum and Multi-Billion-Dollar Sellout
Industry reports highlighted that the South Tower, which launched sales in 2022, is now about 90 percent presold. With both towers combined, the development is expected to achieve a sellout exceeding $3 billion, placing St. Regis Residences among the most significant luxury offerings in the South Florida market. The project includes two 62-story towers, with the South Tower offering 170 residences and the North Tower 150. Completion timelines currently anticipate delivery of the South Tower in Q4 2028 and the North Tower in Q4 2029. The infusion of capital comes at a pivotal moment, reinforcing construction progress and supporting the momentum generated through strong presales.
Continued Confidence in the Project
Bank OZK’s expanded commitment signals a major endorsement of the project and the branded-residence sector in Sunny Isles Beach. The financing increase positions the development for continued progress heading into 2026. Featuring architecture by Arquitectonica and interiors by Patricia Anastassiadis, St. Regis Residences Sunny Isles Beach continues to attract attention as one of the most anticipated luxury residential offerings in the region.
A Significant Milestone for a Landmark Development
With construction now strongly capitalized and sales performance surpassing industry benchmarks, the development remains firmly on track to deliver the elevated lifestyle synonymous with the St. Regis brand. The expanded financing package provides long-term stability, allowing the developers to maintain steady progress as they advance construction and move the development toward full completion. For prospective buyers, brokers, and market analysts, this financing milestone reaffirms the project’s strength and its position as a standout in South Florida’s luxury real estate landscape.
SunLife Organics Brings Its Beloved Wellness Vibes to Wynwood at Joule House’s Calle Collective
Photo courtesy of Joule House
Health and wellness enthusiasts in Miami have something to look forward to: the celebrated SunLife Organics is officially expanding into Wynwood. Known for its nutrient-packed smoothies, acai bowls, and a holistic approach to well-being, SunLife Organics will be opening its second South Florida location within Calle Collective at Joule House in Q3 2026.
Already a major hit in South Beach—its only other Florida outpost—SunLife Organics is a brand with a devoted following. With multiple locations across California, Texas, Chicago, New York, and Nashville, this expansion into Wynwood underscores just how beloved the brand has become. Now, it’s poised to bring its “Billion Dollar Smoothie” and wellness philosophy to the heart of Wynwood’s creative and cultural scene.
Photo courtesy of Calle Collective
A Hub for Art, Culture, and Now Wellness
Set within the vibrant retail base of Joule House, Calle Collective is more than just a shopping destination—it’s a kaleidoscope of art and community. Curated with 19 large-scale murals by Miami artists, it’s a place where creativity thrives. And soon, it’ll also be a place where locals can grab a wellness-boosting treat from SunLife Organics as they explore the neighborhood.
“From the beginning, our vision for Calle Collective at Joule House has been to create an environment where art, culture and lifestyle come together to enrich daily life,” said Winston Fisher, Partner at Fisher Brothers. “Sunlife Organics’ authentic approach to health and wellness embodies that vision, making them the perfect addition to Calle Collective. With a devoted following and nationally recognized brand, we have no doubt they will become an integral part of the Wynwood community.”
Photo courtesy of Sunlife Organics
About SunLife Organics
With locations in major cities nationwide and a loyal following, SunLife Organics has become synonymous with a lifestyle of health and positivity. Now, Wynwood residents and visitors will have the chance to experience the brand’s signature offerings right in their own neighborhood. Whether it’s a morning smoothie or a nourishing bowl, SunLife Organics is ready to become a daily ritual for many in this dynamic part of Miami.
MYKA Debuts Greek Yogurt Ice Cream in Miami Beach with Lincoln Road Flagship
Credit: MYKA / RIVANI
MYKA, the cult-favorite Greek yogurt ice cream sensation that has taken Europe, Latin America, and the Middle East by storm, has chosen Miami Beach as the site of its first U.S. flagship. Opening December 8, 2025, MYKA will bring its handcrafted, probiotic-rich ice cream to Robert Rivani’s iconic Lincoln Theatre, a landmark at the heart of bustling Lincoln Road.
A Global Phenomenon Arrives in Miami Beach
Founded in Madrid by Natalia Morales and Javier Ezquerro, MYKA has rapidly expanded to more than 175 stores across 16 countries. The brand is best known for creating an entirely new ice cream category: a gourmet dessert made from premium Greek yogurt imported weekly from Greece, blended with pasteurized milk and high-end kefir to preserve the probiotic benefits and creamy texture of traditional Greek yogurt.
Every MYKA location features its own in-house workshop, where fresh ice cream and gourmet toppings are crafted daily. More than 30 toppings—including handmade crumbles, fresh fruit compotes, artisanal granolas, and their signature baklava—allow guests to customize every detail of their dessert.
Credit: MYKA / RIVANI
Authentic Greek Yogurt Ice Cream, Elevated
MYKA’s signature menu includes:
Classic Greek Frozen Yogurt made with goat’s kefir
Fruit-based sorbets offering vegan and lactose-free options
The result is a nutrient-rich, additive-free dessert with the creamy mouthfeel of traditional ice cream—but with the natural purity and protein content of authentic Greek yogurt. “This flagship is our invitation for guests to experience the soul of Greek yogurt ice cream the way it was meant to be enjoyed,” said Founder Natalia Morales.
Credit: MYKA / RIVANI
A Design-Forward Flagship at the Lincoln Theatre
MYKA’s Miami Beach flagship will debut inside the historic Lincoln Theatre, a space restored and reimagined by developer Robert Rivani, President of RIVANI. The store will showcase a modern Mediterranean-inspired design, using textures and materials meant to transport visitors straight to Greece.
Rivani, known for revitalizing iconic properties and bringing world-class hospitality brands to the U.S., described MYKA’s arrival as part of a larger vision for Lincoln Road: “Introducing MYKA at Lincoln Theatre sets the tone for how we are reimagining Lincoln Road, as a next-generation destination where legacy, culture, and innovation intersect.”
Credit: MYKA / RIVANI
What’s Next for MYKA
With the Miami Beach opening marking its official U.S. debut, MYKA plans to expand across key American and Latin American markets in 2026. The brand’s rapid international growth—over 175 franchises in less than two years—highlights global demand for this new category of Greek yogurt ice cream.
The Miami Beach flagship opens December 8, 2025, offering locals and visitors a first taste of MYKA’s Mediterranean-inspired craftsmanship on one of South Beach’s most historic and recognizable streets.
VITA at Grove Isle Receives TCO; Closings Begin Next Week
VITA at Grove Isle—the highly anticipated private-island luxury development in Coconut Grove—has officially received its Temporary Certificate of Occupancy (TCO), marking a major milestone for both buyers and the Miami development community. With TCO in hand, closings are now scheduled to begin next week, bringing the project’s seven-year journey from concept to completion into its final phase.
Developed by CMC Group and led by renowned Miami developer Ugo Colombo, VITA at Grove Isle is one of the rare newly completed waterfront luxury buildings on a private island. With only 65 total residences—each directly on the water—the building offers an exceptionally private, low-density living experience.
To give buyers and followers a true behind-the-scenes look, I recently filmed an exclusive walkthrough of the property with Chris Suarez of CMC Group, touring the amenities, members club, and an exquisitely finished residence. You can watch that full video tour below.
A Major Milestone: TCO Issued and Closings Underway
Securing the TCO signals that construction is substantially complete and the building has passed all required safety inspections. For buyers who have been following VITA’s progress over the past two years of construction, this milestone means:
Final walkthroughs are beginning
Closings start next week
Buyers can now begin planning move-ins
The property is officially transitioning from construction site to fully operational luxury building
Given Miami’s competitive pre-construction landscape—where many projects take 3–4+ years to deliver—VITA’s completion represents a rare opportunity for buyers seeking move-in-ready waterfront luxury in Coconut Grove.
A True Waterfront Lifestyle on a Private Island
Located on the 20-acre private enclave of Grove Isle, VITA is the fourth and final residential building on the island. Unlike most Coconut Grove developments—which sit across the street from parks or marinas—every residence at VITA is directly on the water.
Other highlights of VITA’s private-island setting include:
Unobstructed sunrise and sunset views thanks to the building’s sweeping half-moon curvature
Nearly one mile of waterfront walking paths around Grove Isle
Brand-new roads, landscaping, security gatehouse, and renovated tennis and pickleball facilities
The project fully restores and modernizes the island, reintroducing Grove Isle as one of Miami’s most peaceful and exclusive residential locations.
Luxury Residences with Exceptional Finishes
True to Ugo Colombo’s reputation for quality, VITA’s residences deliver an elevated standard rarely seen in today’s new developments. Highlights include:
11-foot flush ceilings throughout
Mudded-in linear AC diffusers
Frameless interior doors
Custom Molteni kitchens in light or dark finishes
Full Miele appliance packages and wine coolers
Book-matched marble primary bathrooms with dual vanities
Steam-equipped showers with electrochromic privacy glass
Private garages available for select residences with direct-entry private elevators
The smallest residences start at approx. 2,500 square feet—underscoring the project’s focus on spacious, home-like layouts.
Amenities and Members Club Offerings
VITA offers a robust yet intimate amenity program designed around island living, wellness, and privacy. Amenities include:
Two waterfront pools (one for residents, one for club members)
Members-only club room with lounge spaces, bar, and billiards
Full spa with sauna, steam rooms, massage rooms, and cold plunges
Technogym-equipped fitness center with water views
Yoga studio
Access to nine renovated tennis and pickleball courts
A new 60-seat restaurant, open to the public and operated by the owners of Daniel’s
These amenities complement the peaceful tone of the island, offering residents a resort-caliber lifestyle just minutes from city conveniences.
Remaining Availability
As of this week, only 10 residences remain, including:
One 3-bedroom residence (approx. 2,500 SF) at $6.5M
Several 4-bedroom residences (approx. 3,700–3,800 SF) priced from $8.5M to $10.3M
Two duplex penthouses (approx. 7,000 SF each) with private pools, priced at $22M
This limited supply makes VITA one of the most exclusive new luxury offerings in all of Coconut Grove.
Watch the Full First-Look Video Tour
Below is my exclusive walkthrough with Chris Suarez, offering the very first on-camera look inside VITA at Grove Isle. The video includes a full residence tour, the amenities, members club, and insights into what makes this development stand out.
Interested in a Private Showing?
For pricing, availability, or to schedule an in-person tour of VITA at Grove Isle, contact me directly:
Miami-Dade Condo Market Sees Strong Year-Over-Year Gains in October
Market Snapshot: October 2025 Shows Momentum in the Condo Sector
According to the latest report from the Miami Association of Realtors (“MIAMI”) and the Southeast Florida Multiple Listing Service (SEFMLS), Miami-Dade County posting a strong second consecutive robust month in October 2025 — and the condo segment was firmly part of that upswing. Existing condo sales in October rose by 6.82%, increasing from 939 units in October 2024 to 1,003 units in October 2025 (up from 904 in September 2025). Meanwhile, the dollar volume of condo sales ticked upward to approximately $654 million, reflecting a year-over-year increase of about 1.3%.
Affordable and Luxury Tiers Lead the Way
The data highlight standout growth at both ends of the pricing spectrum. “Affordable” condo properties (in the $150,000–$199,000 range) surged an impressive 78.8%, rising from 33 units in October 2024 to 59 units in October 2025. On the luxury side, luxury condos priced at $1 million and up increased 7.63%, from 118 units the prior year to 127 units this October. The broad gains reflect that demand remains robust both for value-entry and premium condos in Miami.
Price Dynamics & Inventory: Stability with Opportunity
While unit volume climbed, median sale price for existing condos actually dipped modestly: from $415,000 in October 2024 to $400,000 in October 2025 (a decline of about 3.6%).
This price softness, when paired with rising sales volume, can signal opportunities for savvy buyers. Inventory for condos rose by 15.66% year-over-year (from 10,946 to 12,660 active listings) but remains 17.2% below pre-pandemic levels (October 2019: 15,295 listings). The months-supply of inventory for condos stands at around 13.9 months, suggesting a buyer-market tilt — yet the shorter-term uptick in volume means competition is real in the right segments.
What This Means for Condo Buyers, Sellers & Investors
For Buyers & Investors:
With condo sales up ~6.8% and inventory rising, you may have more options right now — especially in the value tier and select luxury segments.
The dip in median price to $400K offers negotiation room for well-priced buildings with strong amenity packages and good HOA/financing structure.
The dramatic jump in affordable condo sales signals that value-oriented buyers (including investors looking for rental yields) should pay attention now.
For luxury investors, the $1M+ condo uptick confirms that high-net-worth buyers remain active in Miami-Dade — a good sign for premium-tier product.
For Sellers:
If you’re holding a condo priced competitively, this market’s momentum works in your favor — especially if your building and location stand out.
With median prices slightly down, sellers should emphasize strong positioning (amenities, financing, building reserves) to justify premium pricing.
For units in the $150K-$200K bracket, the surge in sales indicates heightened interest and potential for quick movement — so aggressive marketing now can pay off.
For Developers or Pre-Construction Stakeholders:
Even though these MLS stats don’t capture most pre-construction or conversion condo sales, the resale data provide directional insight: value entry and luxury both active.
Product strategies that address the ~$150K-$200K entry level could tap into the surge seen, as could luxury offerings with high finishes in desirable locations.
As inventory remains below pre-pandemic levels and new listings are not exploding, the long-term backdrop remains supportive for well-positioned condo developments.
Long-Term Context: Why Condos in Miami Remain Compelling
Over the past decade, Miami-Dade condo prices have roughly doubled, moving from ~$200K in October 2015 to ~$400K in October 2025 — about a 100% appreciation. This long-term track record of value growth is a powerful driver for both end-users and investors. Add to that the high proportion of all-cash buyers (which in the condo segment is around 50.8% of existing condo sales in October 2025) — giving the market a buffer against mortgage-rate headwinds.
Final Thoughts: Timing & Takeaways for the Condo Sector
October 2025’s year-over-year gains in unit sales and strong interest in affordable and luxury condo tiers mark a meaningful moment for the Miami-Dade condo market. The slight dip in median price combined with rising inventory provides a potential opportunity window for buyers and investors — yet the rising volumes and premium-tier activity mean that the most compelling deals will be well-positioned properties. For sellers and developers, the message is clear: time to act with precise positioning and marketing, because demand remains very much alive.
If you’re considering buying, selling or investing in a condo in Miami-Dade, now is a smart time to engage. For tailored advice, local building analysis or marketing strategy, reach out to us at [email protected].
