Only One Can Be THE One: A Tale of Two Towers

In the battle for supremacy among Miami’s most prestigious residential towers, one project has quietly set itself apart. While many assumed One Thousand Museum — the Zaha Hadid–designed icon in Park West Miami — would long be considered the benchmark for mainland Miami luxury, sales data reveals a different story. The crown belongs to One Park Grove — the OMA•Rem Koolhaas jewel in Coconut Grove — which has accomplished what no other condo on mainland Miami has: breaking $3,000 per square foot (and doing so a number of times). One Thousand Museum was completed in 2019 while One Park Grove was delivered just a year later in 2020.

One Park Grove Redefines the Market

Over the past 12 months, One Park Grove has averaged $3,354 per square foot, a figure that jumps to $3,850 per square foot over the past six months. Even more impressive? The most recent sale that achieved this record was not a penthouse, but rather a standard residence.

The Top 3 Record-Breaking Sales at One Park Grove

• Residence 15A – Sold for $12.5M ($3,850 per square foot) on May 15, 2025
• Penthouse A – Sold for $22.5M ($3,504 per square foot) on February 14, 2025
• Residence 15A – Sold for $10.7M ($3,295 per square foot) on February 13, 2024

Together, these three sales firmly establish One Park Grove as the only condo development in mainland Miami to have crossed the $3,000 per square foot threshold—on multiple occasions.

Echo Brickell: Close, But Not Quite

The next closest challenger to crack $3,000 per square foot was the duplex penthouse at Echo Brickell, which sold in October 2024 for $33 million ($2,982 per square foot). While an extraordinary result, it ultimately fell just short of the coveted $3,000 per square foot milestone. Echo Brickell remains an important player in the luxury market, but its success highlights just how rare and difficult it is to reach this benchmark.

One Thousand Museum: Once the Bellwether, Now Falling Behind

For years, many considered One Thousand Museum the “bellwether” for pricing power in mainland Miami. Its futuristic design by the late Zaha Hadid and iconic silhouette seemed to guarantee record-setting values. Indeed, the building made headlines when David Beckham purchased the top full-floor penthouse in September 2022 for $19.5 million ($2,120 per square foot)—the first time any mainland Miami condo crossed the $2,000 per square foot threshold.

What’s surprising, however, is what’s happened since. Not only has One Thousand Museum failed to approach $3,000 per square foot, it hasn’t even come close to its prior peak. In fact:

• A sale in August 2024 closed at just $940 per square foot
• Over the past 12 months, five sales at the tower have averaged only $1,214 per square foot

Far from being the market leader, One Thousand Museum appears to be moving in the opposite direction.

Comparing Other Top Developments

Other ultra-luxury developments on mainland Miami are also lagging behind the astronomical numbers achieved at One Park Grove:

• Aston Martin Residences  in Downtown Miami (completed in 2025) – 17 sales over the past 12 months averaging $1,392 per square foot
• Elysee in Edgewater (completed in 2021) – 11 sales over the past 12 months averaging $1,168 per square foot

While impressive, these averages underscore just how far ahead One Park Grove stands in today’s market.

The Tale of Two Towers

The contrast is striking. Both One Park Grove (OMA • Rem Koolhaas) and One Thousand Museum (Zaha Hadid) were designed by world-renowned starchitects. Neither building is situated directly on the water, instead overlooking public parks. Yet their market trajectories couldn’t be more different.

• One Park Grove has quietly, repeatedly achieved record-breaking pricing power.
• One Thousand Museum, once considered the benchmark, has slipped to averages comparable to projects with far less architectural notoriety.

The Top 5 Sales in Mainland Miami by Price Per Square Foot

1. One Park Grove #15A – $12.5M ($3,850 per square foot) – May 15, 2025
2. One Park Grove #PHA – $22.5M ($3,504 per square foot) – February 14, 2025
3. One Park Grove #15A – $10.7M ($3,295 per square foot) – February 13, 2024
4. Echo Brickell Penthouse – $33M ($2,982 per square foot) – October 21, 2024
5. One Park Grove #15D – $7.2M ($2,828 per square foot) – May 17, 2024

Final Thoughts

When it comes to record-breaking condo sales in mainland Miami, only one building has repeatedly proven itself: One Park Grove. Its ability to command over $3,000 per square foot—something no other development has achieved—marks a defining moment in Miami’s luxury real estate market.

Meanwhile, One Thousand Museum, once thought to be the inevitable market leader, now finds itself playing catch-up.

In the ever-competitive landscape of Miami luxury condos, it’s clear: only one can be THE one.