Pre-construction condos are becoming increasingly popular in Miami as the city grows. With so many new construction projects popping up, it can be hard to track which ones are worth your investment.
Fortunately, we’ve researched for you and compiled a list of the five best Miami beachfront pre-construction condos to keep an eye on in 2024. But first, we’ll dive into pre-construction condos 101.
Read on to learn everything you need about Miami new construction condos and which ones you should consider investing in next year.
What is a pre-construction condo?
A pre-construction condo is a housing unit that is not yet completed. Developers typically sell pre-construction units before construction begins to generate interest and raise capital.
Many buyers purchase pre-construction condos because they offer the opportunity to own a brand-new home at a lower price than a resale unit. Additionally, pre-construction buyers often can select their unit’s finishes and features, customizing their homes to their specific tastes.
In Miami Beach, for instance, many pre-construction buyers choose to upgrade their units with high-end finishes like marble countertops and Italian cabinetry. Others may select a unit with a desirable floor plan or views of the ocean, city, or bay.
The downside of purchasing a pre-construction condo is that there is always some risk involved. For one, the developer may not be able to secure the necessary funding to complete the project, in which case your deposit would be refunded, and you would be out of luck.
Additionally, construction delays are not uncommon, meaning you may have to wait longer than expected to move into your new home. That being said, as long as you do your research and choose a reputable developer, investing in a pre-construction condo can be a wise decision.
Top 5 Miami Waterfront Pre-Construction Condo Projects
A new construction condo in Sunny Isles Beach or South Beach is always a good investment. But with so many new developments popping up, it can be hard to decide which one is right for you.
These are the five Miami beachfront pre-construction condos that you should keep an eye on in 2024:
Vita at Grove Isle, Coconut Grove
Grove Isle, a private and gated island in Miami’s Coconut Grove neighborhood, will soon be home to Vita, a luxury residential condominium development that features just 65 units.
Vita’s spacious units will range from 2,500 to 5,000 square feet, with expansive terraces offering stunning views of Miami’s skyline and Biscayne Bay. Twelve bi-level penthouses boast 2,900 to 6,100 square meters of outdoor space, complete with private swimming pools and summer kitchens.
Residents of Vita will enjoy high-end Italian finishes, European-style kitchens and bathrooms, and private elevator foyers. The development is one of the newest residential projects of recognized Italian developer Ugo Colombo and will be designed by CallisonRTKL.
The 7-storey Vita condominium is expected to be completed in late 2024.
Five Park, Miami Beach
Set to be the tallest residential condominium on Miami Beach, Five Park will be a 48-story tower that overlooks the city’s famous parks and beaches. The development will feature just 98 condo units and 150 luxury apartments that range in size from 1,434 to 6,000 square feet.
Each unit is designed with stunning floor-to-ceiling windows, private balconies, and European-style kitchens and bathrooms. Private elevators will provide direct access to each unit, and residents will also have access to a variety of world-class amenities, including a fitness center, business center, spa, and infinity pool.
The exclusive residents-only Canopy Club will offer residents access to a variety of social and recreational amenities such as a club lounge, living and dining rooms with outdoor terraces, a jewel box bar, billiards room, clubroom den, and an in-house club-level dining experience that can be enjoyed indoors or al fresco.
La Baia, Bay Harbor Islands
New York developer Ian Bruce Eichner is developing this new construction condo in Miami. It will be located in Bay Harbor Islands, just a few minutes from Bal Harbour Shops.
The 8-story La Baia Bay Harbor is elegantly designed with just 68 units that will boast stunning views of Miami’s city skyline and the Atlantic Ocean. 1 to 4 bedrooms that range in size from 1,125 to 2,500 square feet with two covered parking spaces for each unit.
Thirty thousand square feet of indoor and outdoor amenity space will be spread across the development, including a rooftop pool, Clubroom, state-of-the-art fitness center, and children’s playroom.
La Baia will also have its own private dock for resident use and 24-hour security and concierge services. The development is expected to be completed in 2024, so keep an eye out for this one!
Aston Martin Residences Miami, Biscayne
Downtown Miami is constantly growing and changing, making it one of the most exciting places to live in Miami. And Aston Martin Residences Miami is one of the newest developments that will soon be calling Downtown home.
Synonymous with top-notch quality and luxury, the Aston brand is known for its impeccable service and world-class amenities. And the Miami development will be no different, with a total of 391 units that proudly boast the Aston name.
Each unit has expansive layouts allowing ample natural light and stunning views of Miami’s skyline and Biscayne Bay. Residents will also enjoy 10′-12′ ceiling heights, white marble flooring, custom Bulthaup kitchen, and bath cabinetry.
The Aston Martin Club is a private membership club that will allow residents to relax and unwind in style.
In addition, the Super Yacht Marina facilities of the Miami development will be able to accommodate vessels up to 200 feet in length, making it the perfect place for boaters and yacht enthusiasts.
Aria Reserve Miami
The Miami-Dade county area is filled with remarkable new construction condo developments, but one that’s definitely worth mentioning is Aria Reserve.
This ultra-luxury Miami development in Edgewater will have two towers that have a total of a total of 782 luxury condo units. And each unit is designed to perfection with stunning views of Biscayne Bay and the Miami skyline.
Like every other Miami condo on this list, Aria Reserve will also have an impressive array of amenities and services, including a resort-style pool, state-of-the-art fitness center, business center, children’s playroom, and much more.
But what really sets Aria Reserve Miami apart is its fantastic location. Not only is it right on the water, but it’s also just minutes away from Miami’s Design District, Wynwood, and Downtown Miami.
It is set to be completed in 2024 o make sure to keep this Miami development on your radar!
Final Thoughts in Miami New Construction Condos
Pre-construction projects in Miami are constantly changing and evolving, which is why it’s essential to be in the know about the latest and most extraordinary developments.
Not only do you have the chance to snag a fantastic unit at a great price, but you also get to be one of the first people to live in a brand-new development.
Miami is an incredible place to call home, so keep an eye out for these pre-construction developments in 2024! And if you are looking for more you can read our guide to buying Penthouses in Miami and contact a Miami real estate agent that can help you navigate the pre-construction process, contact Josh today. Josh has years of experience working with Miami pre-construction developments and would be happy to help you find your dream home.
