Right now, the South Florida real estate market is extremely hot. Locals are actively looking for bigger homes, and there has been an influx of out of state buyers as well. Therefore, the market for new luxury developments in Miami has also been heating up. There are many new luxury projects to watch out for. Developers are trying to cater to all the new needs brought by the pandemic. For example, more space and better amenities. Miami has a lot to offer, and the new luxury projects on the pipeline are definitely on par with the Magic City’s upscale lifestyle. Here are five new luxury developments in Miami that have already launched sales, or will do so in the upcoming months:
1- The Villa Collection at the Ritz-Carlton Residences, Miami Beach
Located at 4701 Meridian Ave., Miami Beach, this new development brings luxury to the next level. This incredible project is part of the Ritz-Carlton Residences in Miami Beach. There will be 15 free-standing two-story villas. Each will feature floor to ceiling windows, custom kitchens, private infinity-edge pools, and much, much more. In addition, eight of the villas will also feature a private boat dockage, while the other seven will have scenic secret gardens. The villas start from $4.375 million, and range from 3,263 to 4,643 square feet. Project amenities include an art studio, 36 private boat slips, a community garden, a library, and much more.
2- Baccarat Residences Brickell
The new Baccarat Residences will be located at 444 Brickell Ave., Miami. This 75 story building will be branded by Baccarat, and will include 300 units and 40 riverfront villas. In addition, it is one of three towers making up a four-acre mixed use project in the middle of Brickell Financial District. In total, the entire project will have 1,400 units with plans of potentially having a hotel and offices. The condo project will have a very luxurious design and lavish services and amenities. Units are expected to be within the $800/per square foot range. There will be one to four bedroom units ranging from 1,337 to 3,000 square feet, and more than 7000 square feet for the penthouses.
Onda will be a luxury boutique development located in 1135 103rd St., Bay Harbor Islands, Florida. The project will offer 41 residences and penthouses within 7 stories. The luxury boutique development will have incredible waterfront views, a private marina, a fitness area and spa, and a rooftop pool. The prices for the units will range from $1.8 to $8 million. Buyers will have options to choose from a two, three, and four bedroom units, ranging from 1,809 to 3.525 square feet and four penthouses measuring up to 5,073 square feet.
4- E11EVEN Hotel & Residences
This new luxury development will be located in Downtown at 20 NE 11th St., Miami. In addition, it will feature 375 fully furnished residences in a 65-story tower. Furthermore, it will offer a limited penthouse collection and two presidential suites. This project also has the convenience of offering short term rental agreements. Prices will range from $300,000 to $16 million-plus for the penthouses and presidential suites. The development offers studios, and one and two bedroom units. The units will have up to 3,270 square feet of living space. Amenities will include a 20,000 square foot Beach Day Club, celebrity dining experiences, and much more.
5- 160 Marina Bay
This 16-unit boutique condo development will be located at 160 Isle of Venice Dr., Fort Lauderdale. It will feature four residences per floor. Each condo features 10-foot ceilings, large terraces, water views, and more. Prices will range from $2.2 million to over $2.4 million. The three bedroom units range from 2,875 to 2,918 square feet. In addition, the boutique development will also offer fourteen private boat slips, electric vehicle charging stations for purchase, and more. Other amenities include a waterfront pool, a barbecue area, and more.