MAST Capital Hosts Groundbreaking And Receives Record-Setting $600M Construction Loan For Cipriani Residences Miami

Just in time for the much anticipated groundbreaking of Cipriani Residences Miami, MAST Capital has received a record-setting $600 Million in construction financing to build the luxury tower. This marks the largest construction loan on record in the Miami area.

The Coconut Grove-based developer, MAST Capital, partnered with Italy’s Cipriani family to bring Cipriani Residences into Miami’s Brickell Financial District.

Sales of the 80-story ultra-luxury tower launched in 2022 with prices from $1.7 million and penthouses priced starting at $17 million. As of today, over half of the 397 residences have sold.

Rendering of Cipriani Residences Brickell Miami Lobby

Rendering of Cipriani Residences Miami Lobby

The issuance of such a large construction loan is a testament to the strength of the project as construction financing is notoriously difficult to obtain. Banks will consider the portfolio of successful projects by the developer with the specs and plans of the new building and pre-sales history with cash deposits.

MAST Capital is no stranger to successful projects in South Florida with a portfolio that includes The Perigon on Miami Beach’s Millionaire’s Row in the works and South of Fifth’s Louver House that opened in 2017.

Cipriani is a worldwide brand that represents four generations of the highest quality hospitality with restaurants and lounges as well as hotels and residences. You can find a taste of their impeccable brand standard at the chic Cipriani restaurant in Brickell as well as Mr. C in Coconut Grove.

The financing was issued in two loans and includes mezzanine financing. Banco Imbursa from Mexico provided $350 million and China’s Ascendant Capital Partners completed the financing by contributing $250 million. This deal has surpassed the $558 million construction loan that was obtained by Trump Group to build The Estates at Acqualina in Sunny Isles Beach back in 2018. Bank OZK had provided that financing.

Cipriani Residences Miami Groundbreaking

Cipriani Residences Miami Groundbreaking

Cipriani Residences Miami Developers

Cipriani Residences Miami Developers

The construction financing came together just in time to be celebrated at the official groundbreaking soiree, which was hosted on February 6 on the build site at 1420 South Miami Avenue. Cipriani Residences Miami is expected to be completed in 2028.

If you are interested in a presentation and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

Image Credit: MAST Capital / TAMZ

JUST LISTED | 4-Bed/4.5-Bath Waterfront Condo at Elysee with Sweeping Views

Michael and Jaimee Light are excited to showcase their newest waterfront listing, an exquisite condo at Elysee ideally situated along Biscayne Bay in the Edgewater neighborhood of Miami offering sheer sophistication with a modern flair.

A private elevator and foyer lead you into this bespoke flow-through unit offering nearly 4,000 sf of indoor living that seamlessly connects a private sunrise terrace to the east and an expansive sunset terrace to the west. The sunrise terrace features sweeping water views, while the sunset terrace offers a beautiful view of the vibrant Miami skyline.

Elysee Edgewater Miami Unit 4602

Elysee Edgewater Miami Unit 4602

 

Unit 4602 at Elysee offers 4 bedrooms, 4.5 bathrooms, a great room, family room, library, staff’s lounge and a Chef’s eat-in kitchen by ItalKraft boasting gas cooking (rare in a condo building in Miami) and Wolf/Sub-Zero appliances. This unit also boasts hardwood flooring throughout, 10-foot ceilings and dramatic floor-to-ceiling windows to highlight the water views.

 

Rising 57 stories above Biscayne Bay, Elysee consists of only 94 (1/2 floor & full floor) bespoke condo residences with a splash of French-inspired modern design by renowned Jean-Louise Deniot. The ultra-luxe building offers its residents exclusive unparalleled amenities located on three full floors. The lobby level boasts a grand marble lobby and entrance and a bayfront sunrise swimming pool. The 7th floor offers a resort-style 75-foot lap pool, outdoor summer kitchen and barbecue terrace, high-tech fitness center, private yoga studio, his and her spa with private massage rooms, sauna and steam rooms, blow dry hair bar & hair bowl and kid’s play room. The 30th floor amenities include a great room with grand piano and stunning panoramic views of Biscayne Bay, Atlantic Ocean and the Miami Beach skyline, elegant dining room with wine coolers, library that converts to a private theater, social lounge bar, chef’s catering kitchen with indoor and outdoor seating, business center and game room.

If you are interested in a private viewing of Elysee Unit 4602, please contact listing broker, Michael Light, Executive Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at 786.566.1700 or michael@miamiluxuryhomes.com.

 

JUST LISTED | Oceanfront 3-Bed, 3.5-Bath Condo Offered at $2.795M

We are happy to announce our newest oceanfront listing, residence 3604 at Trump Palace in Sunny Isles Beach offered at $2,795,000.

Unit 3604 at Trump Palace in Sunny Isles Beach is beautiful beachfront flow-through unit featuring two separate balconies boasting panoramic ocean views to the southeast and direct intracoastal views to the northwest. A private elevator leads you into 2,167 square feet of interior living with marble flooring throughout, 3 bedrooms, 3 ensuite bathrooms, spacious living room, dining room, eat-in kitchen with Gaggenau/Sub-Zero/Bosch appliances, powder room and laundry room. The Primary Suite features sweeping ocean views, direct access to the beachfront balcony, large walk-in closet and primary bathroom with an oversized soaking tub, glass-enclosed shower, dual sink vanity and seated makeup area.

Residents enjoy exclusive access to Trump Palace amenities and full access to amenities at Trump Royale and International including 1,000 feet of beach front with food, beverage and towel services, lagoon-style pool, two lap pools, two-story health spa and fitness center, kid’s room, tennis court and more!

If you, or someone you know, are interested in a private viewing of Trump Palace Unit 3604, please contact listing broker, Michael Light, Executive Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at 786.566.1700 or via email at michael@miamiluxuryhomes.com.

Douglas Elliman’s Q4 2023 Miami Mainland, Coral Gables & Miami Beach Market Reports

Douglas Elliman has released the 4th quarter 2023 Elliman Reports for Miami Coastal Mainland, Coral Gables and Miami Beach & Barrier Islands. Produced in conjunction with Miller Samuel to provide you with the most comprehensive and objective market insight available, the Douglas Elliman Reports are recognized as the industry standard for providing the state of the residential real estate market, which includes an extensive suite of tools to help readers objectively identify and measure market trends, provide historical context to current information and provide comprehensive analysis of the results.

Download Douglas Elliman’s Q4 2023 Market Reports:

Douglas Elliman’s Q4 2023 Miami Coastal Mainland Market Report

Douglas Elliman’s Q4 2023 Coral Gables Market Report

Douglas Elliman’s Q4 2023 Miami Beach & Barrier Islands Market Report


Miami Coastal Mainland Q4 2023 Sales Overall Highlights

“Price trend indicators pressed higher across the market.” 

  • +10% Median Sales Price – Median sales price remained at a record high for the 3rd time.
  • -9% Closed Sales – Sales declined annually for the 7th straight quarter.
  • +9.1% Total Inventory – Listing inventory rose year over year for the 5th time in 6 quarters.

Aventura

  • All price trend indicators showed mixed year-over-year results.
  • Listing inventory increased annually for the 5th time.

Brickell

  • Median sales price increased year over year.
  • Listing inventory increased annually for the 2nd time.

Coconut Grove

  • Condo price trend indicators surged annually.
  • Condo listing inventory increased annually for the 1st time in 3 quarters.
  • Single family price trend indicators showed mixed annual results.
  • Single family listing inventory increased annually for the 2nd time in 3 quarters.

Downtown Miami

  • Condo price trend indicators increased annually.
  • Condo listing inventory increased annually for the 5th time.
  • Single family price trend indicators reached record highs.
  • Single family listing inventory declined annually for the 3rd time.

Palmetto Bay

  • Price trend indicators increased annually.
  • Listing inventory declined annually for the 3rd time.

Pinecrest

  • Price trend indicators showed mixed annual results.
  • Listing inventory declined annually for the 2nd time.

South Miami

  • Price trend indicators surged year over year.
  • Listing inventory declined annually for the 3rd time.

DOWNLOAD: Douglas Elliman’s Q4 2023 Miami Coastal Mainland Market Report Highlights

*Please note that Miami Coastal Mainland includes AventuraBrickell, Coconut GroveDowntown Miami, Palmetto Bay, Pinecrest and South Miami.


Coral Gables Q4 2023 Sales Overall Highlights

“Listing inventory expanded across most submarkets but remained sharply below pre-pandemic levels.” 

Coral Gables Single Family Year Over Year

  • +26.6% Median Sales Price
  • +1.6% Closed Sales
  • -18.1% Total Inventory
  • +3 Days of Marketing Time
  • Single family listing inventory fell annually for the 2nd time in 6 quarters.

Coral Gables Condos Year Over Year

  • +12% Median Sales Price
  • +12.2% Closed Sales
  • +73.3% Total Inventory
  • -3 Days of Marketing Time
  • Condo median sales rose for the 2nd time in 3 quarters.

DOWNLOAD: Douglas Elliman’s Q4 2023 Coral Gables Market Report Highlights

*Please note that this only includes the City of Coral Gables.


Miami Beach & Barrier Islands Q4 2023 Sales Overall Highlights

“While listing inventory increased, it remains far below pre-pandemic levels.”

  • +13% Median Sales Price – All price trend indicators increased collectively year over year for the 2nd time.
  • +3 Months of Supply
  • -12.5% Closed Sales – Sales declined annually for the 7th straight quarter
  • +12.6% Total Inventory – Listing inventory rose year over year for the 5th consecutive quarter.
  • +15 Days of Marketing Time
  • 6.7% Discount Off List Price

Sunny Isles Beach

  • Median sales price increased year over year for the 5th time.
  • Listing inventory rose annually for the 5th straight quarter.

Bal Harbour

  • Median sales price increased year over year for the 6th time in 7 quarters.
  • Listing inventory rose annually for the 4th straight quarter.

Bay Harbor Islands

  • All price trend indicators surged year over year.
  • Listing inventory rose annually for the 5th straight quarter.

Surfside

  • Condo sales increased year over year for the 1st time in 5 quarters.
  • Condo listing inventory rose year over year for the 5th straight quarter.
  • Single family median sales price increased year over year for the 1st time in 3 quarters.
  • Single family listing inventory was unchanged year over year.

North Bay Village

  • Median sales price increased year over year for the 1st time in 3 quarters.
  • Listing inventory declined annually for the 1st time in 5 quarters.

Miami Beach Islands

  • Median sales price increased year over year for the 5th time.
  • Listing inventory rose annually for the 5th straight quarter.

North Beach

  • Median sales price increased year over year for the 4th time.
  • Listing inventory rose annually for the 4th straight quarter.

Mid-Beach

  • Median sales price increased year over year for the 4th time.
  • Listing inventory rose annually for the 4th straight quarter.

South Beach

  • Median sales price increased year over year for the 2nd time.
  • Listing inventory rose annually for the 3rd time in 4 quarters.

Key Biscayne

  • Condo sales increased year over year for the 1st time in 8 quarters.
  • Condo listing inventory increased annually for the 1st time in 8 quarters.
  • Single family price trend indicators increased year over year.
  • Single family sales stabilized annually for the 1st time in 9 quarters.

Fisher Island

  • Price trend indicators declined year over year.
  • Listing inventory expanded year over year for the 2nd time.

DOWNLOAD: Douglas Elliman’s Q4 2023 Miami Beach & Barrier Islands Market Report Highlights

*Please note that Miami Beach & Barrier Islands includes Bal HarbourBay Harbor IslandsFisher IslandKey BiscayneMiami Beach Islands, Mid-Beach, North Bay Village, North Beach, South BeachSunny Isles Beach and Surfside.


If you, or someone you know, are interested in purchasing and/or selling real estate in Miami, Coral Gables or Miami Beach or simply would like to learn more about the real estate market in South Florida, please contact Michael Light, Broker Associate and Executive Director of Luxury Sales at Douglas Elliman Real Estate as well as Founder/Owner of The Light Group. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.


If you are interested in the Delray Beach, Palm Beach, Naples, Sarasota, Tampa and/or St. Augustine market reports, CLICK HERE.

Insider Details…New Sagamore/Ritz-Carlton Residences South Beach

Details are still forthcoming. Please contact Michael Light for a private presentation at 786-566-1700.

The newest ultra-luxe oceanfront condo building on the horizon for South Beach will be dubbed The Ritz-Carlton Residences South Beach. This new construction, 15-story boutique condo building will be situated behind the historic Sagamore Hotel and cantilevered over the current Ritz-Carlton South Beach Hotel.

This private collection of only 30 oceanfront beach houses in the sky will include interior design by Studio Munge, who is led by the creative mastermind Italo-Canadian designer Alessandro Munge, who is also designing the Ritz-Carlton sister-branded-condo nearby at the EDITION Residences in Miami’s Edgewater neighborhood.

Besides the direct-ocean views from every residence, what sets this building apart from others: an exclusive residents’-only amenity floor, signature on-site restaurant by a Michelin-star chef (to be announced privately), preferred access to Sagamore and The Ritz-Carlton hotels’ unparalleled services and amenities and owner benefits at related hotel brands around the world.

Douglas Elliman is the exclusive broker for this private collection of units at The Ritz-Carlton Residences South Beach. If you are interested in a private presentation of the building, in person or via zoom, please contact Michael Light, Executive Director of Luxury Sales at Douglas Elliman and member of the elite Sports and Entertainment Division. Only qualified buyers will be able to view floor plans, renderings and have access to site tours. You may reach Michael directly at 786.566.1700 or via email at michael@miamiluxuryhomes.com.

Happy New Year! | Top 7 New Construction Miami Condos in 2024

 

We welcome 2024 with open arms and new construction condo buildings in Miami. At a time when inventory is low and demand is still high (yes, it is still high in Miami and the surrounding areas), there is no better time for a group of pre-construction projects on the horizon, than now.

Miami is still the most sought-after city in the U.S. to call home and new stats on a global scale from Remitly indicate that Miami is the 2nd most desirable city to move to in the world, beating out Paris, New York City and London. I mean…when Jeff Bezos and Ken Griffin move their entire lives and businesses to Miami, permanently, you know it is the IT place to live!

With all of the people still flocking to South Florida from New York, Connecticut, California, Illinois and abroad, developers see this as the perfect time to start marketing their new developments. And, they are being proven right…these new construction buildings are selling at a velocity never-before-seen (pre-Covid) in Miami, it is seriously unbelievable! But, there are 7 condo buildings below that have launched within the past 6-12 months that still have amazing opportunities.

The 7 new condo developments below (in no particular order) offer different price points in varying neighborhoods…for those looking for a pied-a-terre to an expensive oceanfront condo and a mix in between, we have you covered.

If you are interested in a private presentation of any of the new construction condos below, please contact Michael Light, Broker Associate, Executive Director of Luxury Sales and member of the elite Sports and Entertainment Division at Douglas Elliman Real Estate. Michael is an expert at navigating the pre-construction condo market in Miami and the beaches and has been for the past 15 years. Buying a pre-construction condo is very different than buying properties that are already built, so it is important to work with someone who is knowledgeable in this area of expertise. You may contact Michael directly at 786.566.1700 or michael@miamiluxuryhomes.com.


EDITION Residences Miami Edgewater

EDITION Residences Miami Edgewater

EDITION Residences Miami is the newest pre-construction condo tower on the horizon for the bayfront Edgewater neighborhood of Miami, Florida. Slated to rise 649 feet along Biscayne Bay, this 55-story sleek glass tower will offer 185 sophisticated residences with panoramic bay and ocean views, including three tri-level penthouses—each with a private rooftop pool and garden, an expansive indoor and outdoor amenity program, direct access to Miami Baywalk and expansive water frontage along the bay.

Two Roads Development, known for Elysee and Biscayne Beach, both also in Edgewater Miami, along with a signature design by Arquitectonica’s Bernardo Fort-Brescia and distinguished interiors by Studio Munge come together to deliver a beautiful collection of homes in the epicenter of Miami. The elegant residences are seamlessly infused with well-considered amenities for an exceptional lifestyle that adapts as elegantly to quiet reflection and wellness as they do to poolside hosting and luxurious dining. Beyond the amenities of home, residents will enjoy more than 800 feet of scenic waterfront leading to Margaret Pace Park, one of Miami’s coveted waterfront parks.

This ultra-luxe condo tower will be managed and operated by EDITION HOTELS and is the first private EDITION residences in the entire world and has NO HOTEL COMPONENT. EDITION is only in the world’s top cities and only features the very best in service, food, beverage and entertainment. From New York City to Sanya, China, each EDITION is designed to give guests and residents a curated taste of the locale, reflecting the best of cultural and social milieu. At EDITION Residences in Edgewater, you will still receive all of the perks of what EDITION HOTELS is celebrated for, without a hotel component, what more could you ask for?!

Owners at EDITION Residences Miami will also receive Owner benefits with Marriot International at all of their hotel brands including St. Regis and Ritz Carlton. 

EDITION Residences Miami Edgewater is slated for completion in 2026.

Please visit our EDITION Residences Miami building page for more information about EDITION condos in Edgewater including amenities, floor plans, renderings and fact sheet.


The Perigon Miami Beach

The Perigon Miami Beach

One of the most highly-acclaimed architects in the world is bringing a new level of sophistication to “Millionaires’ Row” in Miami Beach. Rem Koolhaas’ OMA (Office of Metropolitan Architecture) has unveiled plans for The Perigon Miami Beach. Comprised of just 73 signature residences, plus an additional 9 luxury guest suites for friends & family, right on the pristine Miami Beach sand, a new level of design and services are anticipated.

For The Perigon Miami Beach, an even higher level of service is expected. Located at 5333 Collins Avenue, just blocks away from the highly successful, and fully sold out, 57 Ocean development, Perigon Miami will offer a host of services to residents and guests including 24-hour security, doorman and valet, on-site general manager, dedicated lifestyle concierge, residential butler service and use of a luxury house car. The ground level will house a private signature restaurant operated by a Michelin-starred chef that offers in-residence dining and catering. Home management services will also be offered that include cleaning, maintenance, floral upkeep and pantry stocking. Beachgoers will enjoy 200 linear feet of pristine shoreline, also serviced through the signature restaurant.

Each of the 73 homes will have stunning views of the Atlantic Ocean. Units will range from two to four bedrooms and 2,100 to 6,700 square feet, excluding penthouses. Every condo will have a private elevator, 10-foot ceilings with floor-to-ceiling impact windows and linear cove accent lighting. Overlooking the ocean, the terraces have been generously designed, and will offer 10 to 12-foot deep plans for a seamless indoor/outdoor lifestyle.

The kitchens are slated to be decked out with honed marble countertops, backsplashes and islands with Sub-Zero and Wolf appliance suites. Each bedroom will offer at least one walk-in wardrobe and the primary bathrooms will feature natural stone flooring and wet walls, custom bathtubs and bespoke mirrors and light fixtures.

Aside from the fully serviced beachfront access, the boutique development also will feature a beachside pool with an outdoor spa that includes sunbeds and cabanas, fitness center, spa with saunas and treatment rooms, cinema, playroom for the kids and a private salon with personalized beauty services. In the mornings at The Perigon Miami Beach, residents may enjoy a daily breakfast bar in the conservatory or book a custom brunch in the sunrise lounge. In the evenings, the cocktail lounge, wine room and speakeasy will be available for a little happy hour or after-dinner libations.

For those residents who have guests, the development will offer 9 luxury guest suites with the same services as the main residences.

The Perigon Miami Beach is slated for completion in 2026.

Please visit The Perigon building page for more information about The Perigon condos in Miami Beach including amenities, floor plans, renderings and fact sheet.


Cipriani Residences Miami

Cipriani Residences

Cipriani Residences Miami is a luxury pre-construction condo tower that will be ideally located in the southern end of Brickell, Miami’s Financial District, steps from an eclectic variety of shopping, entertainment and dining. Designed by award winning architectural firm Arquitectonica, and developed by Mast Capital in collaboration with the famed Italian hotel and leisure company, Cipriani, Cipriani Residences Miami is set to be an elegant 80-story cascading glass tower featuring opulent residences, unparalleled amenities and services and sweeping views.

Cipriani Residences in Brickell will consist of 397 luxury condos, including penthouse residences with private pools. Condos at Cipriani will boast expansive layouts with 10-foot ceilings, floor-to-ceiling windows and sliding glass doors, open eat-in kitchens with custom Italian cabinetry and high-end appliances by Wolf and Sub-Zero, Spa-like primary bathrooms with grand stand-alone bathtubs and glass-enclosed showers, spacious laundry rooms, walk-in closets, smart home technology and terraces with sweeping bay and city views.

Cipriani Residences Miami will offer its residents unparalleled, resort-style amenities including an elegant porte cochère and lobby, signature private dining experiences by Cipriani, elevated resort deck with 2 swimming pools, poolside cabanas, outdoor spa and landscaped sun terrace, 4-level wellness center and lounge overlooking the Brickell skyline, holistic wellness spa with sauna and treatment rooms, salon for private beauty services, high-tech fitness center, golf simulator, pickleball court, dog park, screening room, library, children’s playroom and residents’ lounge.

Services at Cipriani Residences will include a dedicated Director of Residences, Residential Cipriani Concierge, 24-hour catering services and in-home dining by Cipriani, poolside food and beverage services catered by Cipriani, residential services such as away-from-home maintenance, pet grooming and walking services, in-residence spa treatments, personal training services, 24-hour complimentary valet parking and security.

Cipriani Residences Miami is slated for completion in 2026.

Please visit our Cipriani building page for more information about Cipriani condos in Brickell including amenities, floor plans, renderings and fact sheet.


Villa Miami

Villa Miami

Villa Miami is a new luxury waterfront condo tower on the horizon for the Edgewater neighborhood in Miami, Florida. Villa Miami will consist of 55 floors including 49 residential levels and 3 levels of private club lifestyle amenities fully serviced by Major Food Group and boast endless 360˚ sunrise and sunset views spanning Biscayne Bay, the Atlantic Ocean, Downtown Miami and Miami Beach.

Villa Miami is a unique concept curated by project visionaries Terra Group, well known for Park Grove in Coconut Grove, and the One Thousand Group, known for their iconic Zaha Hadid-designed One Thousand Museum condo tower in Downtown Miami. These experienced developers are adding a new level of luxury to their project by bringing in a premier leader in the hospitality industry, Major Food Group, to fully service the entire building and offer VIP perks that are very attractive and exclusive to owners.

Designed by ODP Architects, this iconic new building will consist of a unique cast bronze exoskeleton anchored by a multifaceted gemstone-inspired glass amenity podium. Villa Miami will also feature piazza-style grounds beautifully designed by Swiss landscape architect, Enzo Enea that connect to the highly-anticipated Miami Baywalk promenade with convenient access to the famed Design District.

Villa Miami will feature a limited collection of 72 residences offering half-floor and full-floor units with 3 to 5 bedrooms. Residences will boast private entry foyers, high ceilings with floor-to-ceiling windows throughout, Italian-style Chef’s kitchens custom designed by Mario Carbone, spacious primary bedrooms, spa-like primary bathrooms and expansive sunrise and sunset terraces in each residence to fully take in the beautiful panoramic views of the Atlantic Ocean and Biscayne Bay.

Villa Miami is slated for completion in 2026.

Please visit our Villa Miami building page for more information about Villa Miami condos in Edgewater including amenities, floor plans, renderings and fact sheet.


Rivage Bal Harbour

Rivage Bal Harbour

Two Roads Development together with Related Group announced the newest luxury condo tower in Bal Harbour, Rivage. Rivage Bal Harbour is a 275-foot glass oceanfront condo tower that was beautifully designed by world-renowned architectural firm, SOM. Rivage will feature a limited collection of 56 bespoke beachfront residences offering a luxurious life immersed in nature, only a few steps from the ocean on what is very likely the last oceanfront property to be developed in Bal Harbour.

Rivage Bal Harbour will offer beautiful light-filled residences designed by Rottet Studio ranging in size from 3,284 to 12,700 square feet. Residences will feature private elevators, 10-foot ceilings, expansive living, dining and entertainment areas, custom kitchens, bathrooms and closets provided by Falma Italia and 12-foot-deep private terraces designed to highlight the direct views of the Atlantic Ocean and Biscayne Bay. Select residences will also boast private pools and outdoor kitchens to truly reflect the best of South Florida living.

Rivage will offer its residents an elevated level of indoor/outdoor amenities and services including signature oceanfront dining at a residents’-only restaurant, curated social spaces including cocktail lounges, formal sitting and reading areas, state-of-the-art fitness center, well-appointed spa, kid’s playroom, 200 linear feet of pristine shoreline, fully-serviced beach club and full-time concierge services.

Rivage Bal Harbour is slated for completion in 2026.

Please visit our Rivage building page for more information about Rivage condos in Bal Harbour including amenities, floor plans and renderings.


Bentley Residences

Bentley Residences Sunny Isles Beach

Bentley Residences is a brand-new, global-luxury-car-branded condo tower on the Miami horizon. This new condo tower will be truly iconic as it will not only be the very 1st Bentley-branded residential condo tower in the entire world, but it will also be the tallest beachfront residential condo tower in the country, soaring 749 feet above the sand.

This ultra-luxe, 60-story condo tower is being developed by Dezer Development and designed by Sieger Suarez, who have also teamed up on other high-end condo buildings in Sunny Isles Beach including Porsche Design Tower and Residences by Armani Casa. In fact, Gil Dezer, President of Dezer Development, is planning to borrow a similar truly-innovative feature from Porsche Design Tower and include it in this new exciting Bentley condo building…his famous in-unit car elevator, dubbed the ‘Dezervator.’ Bentley Residences will feature a modern car elevator and a 4-car in-unit garage in each private residence, offering a chic, sophisticated unit for car collectors. Each and every condo unit will also boast private swimming pools and saunas.

Bentley Residences in Sunny Isles Beach is slated for completion in 2026. 

Please visit our Bentley Residences building page for more information about Bentley condos in Sunny Isles Beach including features, amenities and renderings.


Undisclosed Project in the Epicenter of Coconut Grove

New Construction Condo in Coconut Grove To Be Announced

This year, Terra will be announcing a new luxury wellness-branded condo building to be situated in the epicenter of Coconut Grove, one of the most sought-after communities in South Florida. We are extremely excited about this project because it will fit in perfectly with the vibe of Coconut Grove. We cannot wait to share more information about this condo building soon!

This project is estimated to launch sales to friends and family in early Q2 of this year.

Please contact Michael directly if you are interested in this project as we are not allowed to publicly announce it at this time.

 

1428 Brickell Unveils $60 Million Penthouse With Elegant Energy Efficient Features

 

1428 Brickell has unveiled its spectacular 12,000 square foot penthouse that will crown the energy-efficient super luxury tower at a rate of $60 million.

“Our objective was clear: to create one of the most exceptional penthouse residences in the world. The Penthouse at 1428 Brickell sets new standards in luxury living, not just in Miami but globally,” shared Yamal Yidios, CEO of Ytech.

Rendering of 1428 Brickell Penthouse Kitchen Great Room

Rendering of 1428 Brickell Penthouse Kitchen Great Room

Rendering of 1428 Brickell Penthouse Living Room Lights

Rendering of 1428 Brickell Penthouse Living Room Lights

Rendering of 1428 Brickell Penthouse Living Room

Rendering of 1428 Brickell Penthouse Living Room

With soaring 30-foot ceilings with impact glass from top to bottom, 12,000 interior square feet for seven bedrooms and nine bathrooms, two east-facing balconies to enjoy the colorful sunrises and bay views and two private elevators, no detail has been missed in this penthouse.

Within the residence, the developers at YTech and the architects from Milan-based ACPV ARCHITECTS led by Antonio Citterio and Patricia Viel worked together to execute an immense level of research in order to make sure even the smallest details are addressed.

The focus was creating a truly livable and engaging space. Natural materials such as silk georgette marble, eucalyptus wood claddings, mineral lime-based finishes, fluted glass walls, spaghetti stone touches and ash flooring were hand-picked by the design team after months of research and sourcing.

The design team even collaborated with more than 32 different designs for the stone-clad sculptural staircase in order to guarantee perfection. Lighting studies were undertaken in order to organize the rooms in a flowing cascade that optimizes the sunlight and sections different parts of the home into daylight and moonlight areas. There is no part of this penthouse that is not thoroughly thought out.

Rendering of 1428 Brickell Penthouse Primary Suite

Rendering of 1428 Brickell Penthouse Primary Suite

Rendering of 1428 Brickell Penthouse Primary Bath

Rendering of 1428 Brickell Penthouse Primary Bath

Rendering of 1428 Brickell Primary Closet

Rendering of 1428 Brickell Primary Wardrobe

Rendering of 1428 Brickell Patio

Rendering of 1428 Brickell Penthouse Bathroom Patio

Inside the primary suite, the ultimate owner will experience a true indoor/outdoor quality of life with fresh breezes upon waking to the sunrise over the Biscayne Bay. The closet offers a boutique-style dressing area suited for even the most extravagant of wardrobes. Anna Wintour would fawn over this closet.

The primary bathroom offers custom fluted glass to protect the wet areas and bookmatched Salvatori stone on the walls and countertops. Aside from the wardrobe and primary bath is a private terrace where you can relax and soak in the morning sun before getting ready for the day.

Working from home will be a breeze in your custom-designed library with silk georgette walls. Pivoting walls, a sculptural stone bar and walk-in wine cellar will wow any guest you choose to invite.

This is truly a 1-in-a-kind penthouse in the heart of the Brickell Financial District. The Residences at 1428 Brickell is scheduled to be completed in 2027.

For more information, please download the fact sheet and floor plans here:
1428 Brickell Fact Sheet
1428 Brickell Floor Plans

If you are interested in a private presentation with current availability and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com

Inside The Perigon Miami Beach’s New Luxurious Sales Gallery

 
Leading up to the commencement of construction, The Perigon Miami Beach on Millionaire’s Row has debuted a new luxurious sales gallery in Miami Beach. The new sales gallery features full-size buildouts of the kitchen and primary bath as well as a sampling of the level of service to be expected in the completed project.

“We have seen prodigious interest in The Perigon and expect the momentum to only increase as the sales gallery opens for private appointments., The gallery flawlessly encapsulates the unparalleled sophistication and level of quality, service and design at the property.” said Camilo Miguel, Jr., CEO of Mast Capital. “The tower is the one to watch on Miami Beach; it’s setting a new benchmark for ultra-luxury on the sand.”

The lifestyle of the elegant diamond-shaped tower is focused on exclusivity and privacy with only 72 ultra-luxury residences that each have sweeping views of the Atlantic Ocean and enjoy 200 linear feet of private beach space. The residences range in size from two to four bedrooms and 2,100 to 6,700 square feet, excluding penthouses. Every condo will have a private elevator, 10′ to 10’6″ ceilings with floor-to-ceiling impact windows and linear cove accent lighting.

In the primary bedrooms, each residence will have at least one walk-in boutique-style dressing room as well as elegantly finished primary bathrooms with bespoke beveled glass, natural stone flooring, counters and wet walls. They are also outfitted with custom mirrors and lighting packages and unique custom fluted soaking tubs.

The Perigon Miami Beach Sales Gallery Primary Bath

The Perigon Miami Beach Sales Gallery Primary Bath

The Perigon Miami Beach Sales Gallery Kitchen Lighting

The Perigon Miami Beach Sales Gallery Kitchen Lighting

The kitchens (pictured above) will boast honed marble countertops, backsplashes and islands with integrated Sub-Zero and Wolf appliance suites. Services from the building will include grocery stocking, in-residence dining by the Michelin-starred Chef Shaun Hergatt as well as a residential butler.

At the sales gallery, guests are treated to a sampling of the elevated lifestyle from the moment you arrive. After leaving your vehicle with the valet, you are offered a refreshing cool towelette, a glass of Krug champagne and a sampling of Chef Hergatt’s signature caviar and teas as you browse the finishes, layouts and design elements from Tara Bernard.

The Perigon Miami Beach Sales Gallery Bar

The Perigon Miami Beach Sales Gallery Bar

The multifaceted design of The Perigon by the famed Rem Koohaas at OMA Architecture emulates a series of diamond shapes that are interconnected in order to offer top level views from each residences. The generous 10-12ft deep terraces offer ample space for entertaining and a seamless indoor/outdoor atmosphere that is so sought after to enjoy the refreshing ocean breeze year round.

The lounge of The Perigon Miami Beach’s sales gallery is emulative of the 40,000 square feet of amenity space that the residents will enjoy. When completed, the expanded version will include a breakfast room, private restaurant that includes al fresco poolside dining as well as beach service, a private wine and cocktail bar

The Perigon Miami Beach Sales Gallery Scale Model

The Perigon Miami Beach Sales Gallery Scale Model

Located near the successful sister building 57 Ocean along Millionaire’s Row, The Perigon Miami Beach is slated to break ground this year at 5333 Collins Avenue. Closings are expected in 2026.

The remaining two- to four- bedroom residences range from 2,100 to 6,700 square feet starting at $4.15 million. The dramatic lower penthouses is also available with a private pool for $37 million. For those residents with frequent guests or live-in help, eight private guest suites are offered to residents only.

Douglas Elliman is the exclusive broker for The Perigon Miami Beach. If you are interested in a private presentation of the project, with specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

Images Courtesy of Evan Joseph Photography

Collaborators of The Perigon Miami Beach

  • Architect: OMA – Office of Metropolitan Architecture, Founded by Rem Koolhaas
  • Developer: Mast Capital & Starwood Capital / 5333 Collins Acquisitions, LP
  • Interiors: Tara Bernerd & Partners
  • Landscaping: Gustafson Porter + Bowman

The Perigon Miami Beach Features & Amenities

  • 18-story oceanfront condo designed by highly-acclaimed architecture firm OMA
  • Gold level LEED building certification
  • Comprehensive amenity program for residents offering the best of beachfront living
  • 200 expansive linear feet of beachfront
  • Direct entry to the dedicated beach, equipped with lounge chairs, umbrellas and service
  • Beachside swimming pool with cabanas and sunbeds
  • Outdoor spa
  • Pool and beach food and beverage services
  • Signature oceanfront restaurant by a celebrated chef, exclusive to residents
  • Sprawling conservatory offering daily breakfast bar
  • Chic cocktail lounge and speakeasy
  • Dramatic double-height lobby with lounge area
  • Sunrise lounge with catering kitchen for entertainment and private events
  • Private spa with saunas and treatments rooms
  • High-tech fitness center with high-impact training room overlooking the Atlantic Ocean
  • Bespoke wine room
  • Residents’ salon for personalized beauty services
  • Cinema
  • Kid’s playroom
  • Meditation lounge areas and intimate gardens overlooking the ocean
  • 9 Luxury guest suites for family and friends
  • Bicycle storage

Services at The Perigon Miami Beach

  • Residential butler
  • Dedicated lifestyle concierge
  • 24-hour security and valet parking
  • House car
  • On-site general manger
  • In-residence dining and catering from the signature on-site restaurant
  • Pool and beachside food and beverage services
  • Home management services from cleaning and maintenance to floral and grocery stocking

The Perigon Miami Beach Condo Features

  • 82 signature OMA-designed residences, including 9 guest suites
  • 2 to 4-bedroom layouts ranging in size from 2,100 to 6,700 square feet
  • Direct, private elevator entrances to each residence
  • 10-foot ceilings with floor-to-ceiling windows
  • Private 10 to 12-foot-deep terraces offering stunning ocean views
  • Open-concept living, dining and entertaining areas perfectly accented with linear cove lighting
  • Italian kitchens custom designed by Tara Bernerd & Partners
  • Kitchens feature honed marble countertops, backsplashes and islands and premium Sub-Zero and Wolf appliances
  • Primary bathrooms boast natural stone flooring and wet walls, custom bathtubs, bespoke mirrors and light fixtures
  • Each bedroom offers walk-in wardrobes

Deposit Structure for The Perigon Miami Beach

  • 10% of Purchase Price at Reservation (Now)
  • 10% of Purchase Price at Contract (Approx. 60-90 days after Reservation)
  • 10% of Purchase Price at Groundbreaking (Est. January 2023)
  • 10% of Purchase Price at Top Off
  • 60% of Purchase Price at Closing (Est. Q2 2025)

Downloads for The Perigon Miami Beach

The Perigon Miami Beach Sales Gallery Lounge

The Perigon Miami Beach Sales Gallery Lounge

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