$1,222,071 (a record high, up 28.8% year-over-year).
Always review the building’s reserve funds and recent structural reports. Newer buildings (<30 years) often have zero carrying costs until delivery but higher initial PPSF. condo miami beach buy
These units are undergoing "structural repricing." Buyers are aggressively negotiating discounts to account for mandatory structural integrity reserve studies, special assessments, and rising insurance premiums. Neighborhood Highlights Neighborhood Price/SF Range Top Building Examples South of Fifth (SoFi) Ultra-exclusive, high-net-worth $1,500 – $3,500+ Apogee , Continuum Mid-Beach Tranquil, branded-luxury hub $1,100 – $1,600 The Perigon , Faena House North Beach Rapidly transforming, value-play $800 – $1,200 72 Park Bal Harbour / Surfside Secluded, trophy oceanfront $1,000 – $2,500+ Surf Club (Auberge) Actionable Tips for Buyers $1,222,071 (a record high, up 28
Averaging 113 days, providing buyers more time for due diligence than in previous peak years. The "Two-Tier" Market Dynamic 500 – $3