Five New Developments Entering Miami’s Hot Condo Market This Spring

Amenities include multiple pools, executive work lounges, pet spas, private cabanas and ever-growing wellness facilities

The luxury real estate market in Miami-Dade County continues its upward trajectory, showing resilience and strong growth despite the challenges of recent years. The median price for luxury condos in Miami Beach and the surrounding barrier islands reached $4 million in the fourth quarter of 2023, marking a notable 7% annual increase. Even in the mainland Miami market, luxury condo prices saw a 3% rise, reaching a median price of $1.55 million by the end of last year.

Heading into the spring market, the luxury condo segment in Miami-Dade County remains vibrant, with significant interest shown by buyers, particularly from the Northeast corridor, Chicago, California, Mexico City, and parts of South America. This diverse buyer base reflects the enduring appeal of Miami’s luxury real estate offerings.

Buyers, whether local or relocating, are keen on new construction or recently renovated homes, seeking chic and stylish residences that allow them to settle in quickly and enjoy the Miami lifestyle. Here are five new luxury developments currently launching sales:

The Residences at Mandarin Oriental, Miami on Brickell Key

Number of Units: 322 condos and 121 hotel rooms or suites

Price Range: Starting at $4.9 million

Developer/Architect: Swire Properties Inc / Kohn Pedersen Fox

Home Sizes: Two- to four-bedroom residences up to 4,700 square feet; duplex penthouses over 6,000 square feet each

Amenities: Landscaped infinity pools, private cabanas, executive work lounges, restaurants, spa, and health facilities

Website: mo-residencesmiami.com

The Raleigh, 1775 Collins Ave., Miami Beach

Number of Units: 60 hotel suites, 40 private homes

Price Range: Starting at $10 million

Developer/Architect: SHVO/Peter Marino

Home Sizes: Two- to five-bedroom units, penthouses up to 13,218 square feet

Amenities: Swimming pools, beachside cabanas, fitness center, Martini Bar, spa

Website: theraleigh.com

Via Veneto, 915 Palermo Ave., Coral Gables

Number of Units: 10 townhomes

Price Range: Mid- to high $5 millions

Developer/Architect: The Calta Group/Nelson de Leon

Home Sizes: Four-bedroom residences over 5,500 square feet

Amenities: Modern Mediterranean architecture, double-height ceilings, gourmet kitchens, open-air terraces

Website: thecaltagroup.com

Pagani Residences, 7940 West Drive, North Bay Village, Miami

Number of Units: 70 condos

Price Range: Starting at $2.4 million

Developer/Architect: Riviera Horizons/Revuelta Architect International

Home Sizes: Two- to four-bedroom units, penthouses over 4,840 square feet

Amenities: Private marina, pet spa, fitness centers, rooftop pool

Website: PaganiResidences.com

Ora by Casa Tua, 1210 Brickell Ave., Miami

Number of Units: 533 condos

Price Range: $875,000 to $4.25 million

Developer/Architect: Fortune International Group/Arquitectonica

Home Sizes: Studios to four-bedroom apartments, sky suites, and penthouses

Amenities: Rooftop pools, fitness center, entertainment lounge, sky garden, restaurants

Website: orabycasatua.com

Source: www.mansionglobal.com