[IMAGE_PLACEHOLDER: Miami skyline at sunset with luxury high-rise towers rising along Biscayne Bay waterfront, aerial view]
Miami's luxury real estate market is rewriting its own record books — and the headlines keep coming. From a world-first Bentley-branded tower now rising floor by floor along the Sunny Isles Beach shoreline, to a Foster + Partners-designed Nobu tower launching on Brickell's waterfront, to a sinuous new 53-story Edgewater tower unveiled just weeks ago — 2026 is shaping up as the most consequential year in the history of Miami new construction luxury homes. If you've been watching the market, you already sense the urgency. If you're just tuning in, here is everything that's happening right now.
Table of contents
- Miami Makes History: The Million-Dollar Milestone
- The Developments Making Headlines Right Now
- Brickell: The Urban Epicenter of New Luxury
- Edgewater and the Waterfront Frontier
- Who Is Buying — and Why It Matters
- Record-Breaking Prices: What the Market Is Telling Us
- What to Expect Inside Today's Luxury New Construction
- Questions Fréquentes (FAQ)
- Chiffres Clés
- Conclusion: The Window Is Open — But Not Forever
Miami makes history: the million-dollar milestone
The headline that stunned the real estate world arrived in January 2026: Miami officially surpassed New York City as the major U.S. city with the most $1 million homes, boasting 10,513 active million-dollar listings compared to New York's 9,216. This wasn't a blip or a seasonal quirk. Miami's trajectory is described as "structurally changed," with an inventory base that has tripled since early 2022.
What's powering this shift? A convergence of forces that show no sign of reversing. Combined sales of properties priced above $1 million in Miami surged more than 21% year-over-year, with both single-family homes and condominiums recording similar increases. The luxury new construction pipeline is at the heart of this transformation, with branded towers, record-breaking penthouses, and globally acclaimed architects all converging on one city at the same moment.
📊 10,513 (surpassing NYC) – Miami Active $1M+ Listings
The developments making headlines right now
Bentley residences miami: the world's first — now rising
The most talked-about luxury condo tower in the country just hit a major construction milestone. Dezer Development, in collaboration with Bentley Motors, announced that vertical construction is advancing at Bentley Residences Miami, the world's first and only Bentley-branded residential tower. Located at 18401 Collins Avenue in Sunny Isles Beach, the development has now reached level 7 and continues to rise rapidly, progressing at a pace of approximately one floor every five to six working days.
On track for completion in 2028, the 716-foot tower will rank among the tallest oceanfront buildings in the country and will feature 216 residences with amenities including the patented Dezervator car elevator, in-home sky garages, and an exclusive resident-only restaurant led by four-time James Beard award-winning celebrity chef Todd English. Vertical construction follows the project's foundation pour led by Coastal Construction, which set the record for the largest residential construction pour in Florida and the second-largest foundation pour in the nation.
This is not merely a condo tower — it is an engineering landmark, a brand statement, and a bellwether for where Miami luxury new construction is heading.
[IMAGE_PLACEHOLDER: Bentley Residences Miami tower rendering on Sunny Isles Beach oceanfront with Dezervator car elevator concept]
Nobu residences at 619 brickell: a new icon by foster + partners
Just weeks ago, new renderings were unveiled for one of the most architecturally significant towers ever proposed for Miami. Nobu Residences at 619 Brickell is a planned 75-story residential tower in Miami's Brickell district and the city's first Nobu-branded residential development. Designed by Foster + Partners in collaboration with Sieger Suarez and developed by 13th Floor Investments in partnership with Key International, the 860-foot-tall tower will rise along Biscayne Bay and yield 296 residences.
Nobu Hospitality will oversee the project's food and beverage programming, including a private residents-only Nobu restaurant, in-residence dining, private chef services, and access to a residents-only private dining room within a new ground-floor Nobu restaurant. The building's architect — Foster + Partners, the firm behind Apple Park and the Hearst Tower — brings a level of global prestige rarely seen in residential real estate.
Residents of Nobu Residences Brickell will have access to more than 90,000 square feet of private indoor and outdoor amenities, including a spa, fitness center, and poolside café. With residences ranging from 1- to 4-bedroom layouts, this tower is positioned as the defining address of Brickell for the next generation.
LILLI: a sinuous new tower revealed in edgewater
One of the freshest announcements in Miami luxury real estate just landed in May 2026. OKO Group — the firm led by Aman owner and CEO Vlad Doronin — revealed plans for Lilli, a 53-story waterfront condominium tower at 717 NE 27th Street in Miami's Edgewater neighborhood. The project is designed by Adrian Smith + Gordon Gill Architecture, the designers behind some of the world's most ambitious skyscrapers, including Dubai's Jeddah Tower.
Set directly on Biscayne Bay, the 636-foot-tall tower will bring 117 residences to the waterfront, ranging from one-bedroom homes to penthouses nearing 7,000 square feet. Prices start at $1.65 million. Amenities are organized around four "living pillars" — movement, recovery, nourishment, and connection — with infrared saunas, cold plunge pools, a rooftop saltwater pool, and a dedicated lifestyle and wellness director.
[IMAGE_PLACEHOLDER: LILLI tower rendering by OKO Group in Edgewater Miami overlooking Biscayne Bay with curved glass exterior]
Brickell: the urban epicenter of new luxury
Viceroy brickell: just delivered
While some towers are still rising, one of 2026's most anticipated completions just became reality. Construction has completed on Viceroy Hotels & Resorts' first standalone residential concept globally with the opening of Viceroy Brickell – The Residences, a 45-story condominium tower at the gateway of Brickell Avenue and the Miami River. Developed by Related Group and GTIS Partners, the tower was designed by Arquitectonica with interiors by Meyer Davis.
Residents also receive access to a private marina, the Miami River promenade connected to One Brickell, and membership privileges at the Grand Bay Club in Key Biscayne. The building additionally incorporates contemporary artwork from the Jorge M. Pérez Collection throughout the property.
The opening of Viceroy Brickell signals something broader. "What was once a district that emptied at sundown now pulses around the clock," said Robert Vahradian, Partner and Head of US Investments for GTIS Partners. This transformation is precisely what makes Brickell luxury condos so compelling to both lifestyle buyers and investors in 2026.
The brickell pipeline: what's next
The momentum doesn't stop with Viceroy. Nearby projects in the Brickell corridor include Baccarat Residences Miami, The Standard Residences Brickell, Casa Neos, and One Brickell City Centre. Meanwhile, the Mercedes-Benz Places Miami tower continues to position Brickell as the global epicenter of branded luxury living.
| Tower | Stories | Units | Key Feature |
|---|---|---|---|
| Nobu Residences (619 Brickell) | 75 | ~296 | Foster + Partners design, Nobu dining |
| Viceroy Brickell (Delivered 2026) | 45 | 442 | Viceroy hospitality, Miami River access |
| Mercedes-Benz Places | TBD | TBD | German automotive branding, Brickell |
| Mandarin Oriental Residences | TBD | TBD | $6,300/sq. ft. record pricing |
📊 $950/sq. ft. median Q1 2026 – Brickell Luxury Condo Price Record
Edgewater and the waterfront frontier
Edgewater has quietly become one of the most competitive neighborhoods for Miami waterfront properties. With Lilli joining the OKO Group's previously completed Missoni Baia, and The Cove Residences breaking ground in March 2026, the bayfront corridor is rapidly filling with world-class addresses.
SB Development and Hazelton Capital Group launched sales for The Cove Residences in March 2026, with the project breaking ground and opening a two-story sales gallery. The 40-story bayfront tower will feature 134 luxury residences, designed by Kobi Karp Architecture.
Meanwhile, on Miami Beach's Sunset Islands, the waterfront trophy market is producing jaw-dropping numbers. Just this week, a waterfront compound listed for $110 million — underscoring that Miami waterfront properties at the ultra-luxury tier remain in a league of their own globally.
[IMAGE_PLACEHOLDER: Miami Beach waterfront luxury estate with private dock, palm trees, and Biscayne Bay views at golden hour]
Who is buying — and why it matters
The buyer profile behind Miami's luxury new construction boom is as remarkable as the buildings themselves. International buyers now account for a significant 52% of all new-construction sales in South Florida, driven largely by Latin American investors who represent 86% of all foreign transactions in the region.
Over a 22-month period, global buyers accounted for 52% of all new-construction, pre-construction, and condo-conversion unit sales in South Florida, with buyers from 73 countries; top source countries are Colombia, Mexico, and Argentina.
Just days ago, Realtor.com reported that Colombian buyers in particular are "snapping up" South Florida homes in search of a real estate safety net — treating Miami luxury real estate as both a lifestyle investment and a store of value amid economic uncertainty at home.
Domestically, the story is equally compelling. The profile of the active luxury buyer in South Florida in 2026 has evolved significantly — these are sophisticated capital allocators making deliberate decisions about where to anchor long-term wealth, with all-cash positioning dominant: 70–86% of million-dollar-plus condominium transactions across South Florida's major counties in 2025 were cash purchases.
📊 52% – International Buyers Share of Miami New Construction
Record-breaking prices: what the market is telling us
The numbers being set in Miami luxury real estate 2026 are not incremental — they are generational. Swire Properties set a new mainland Miami condo pricing record at the proposed Mandarin Oriental Residences, with two penthouses selling for $49.9 million each — approximately $6,300 per square foot. To put that in context, this is a price per square foot that rivals Monaco and far exceeds what buyers pay in New York or London for comparable finishes.
Fisher Island stood out with the strongest price appreciation in Q1 2026, ranking as Miami's most expensive neighborhood, with luxury condos posting a 19% year-over-year increase in price per square foot — rising from $2,004 in Q1 2025 to $2,391 in Q1 2026.
For investors, these are not just lifestyle numbers — they are signals of structural appreciation in a market that continues to attract global capital at an accelerating rate.
What to expect inside today's luxury new construction
Miami's new construction luxury homes in 2026 represent a genuine leap forward in what residential living can mean. Across the pipeline of projects launching and delivering this year, several defining features have emerged as the new standard:
Branded Hospitality Integration
The era of the standalone luxury condo is giving way to full-service branded residences. Whether it's Nobu's private chef services at 619 Brickell, Viceroy's concierge management model, or Bentley's automotive-inspired sky garages, today's buyers expect hotel-caliber service woven into everyday life.
Architectural Pedigree
The dominant trends include the rise of branded residences — partnerships with luxury brands like Bentley, Aston Martin, and Cipriani — the construction of supertall skyscrapers, and a shift toward fully furnished "turnkey" units that support a flexible, "lock-and-leave" lifestyle for global travelers.
Wellness-First Amenities
Lilli's "four living pillars" framework — movement, recovery, nourishment, connection — reflects a broader shift across Miami luxury new construction toward longevity-oriented living. Infrared saunas, cold plunge pools, rooftop saltwater pools, and dedicated wellness directors are becoming standard, not exceptional.
Sustainability and Certification
Bentley Residences Miami, for example, has been designed in accordance with Florida Green Building Council (FLGC) certification, ensuring environmental protection and minimized impact on local wildlife — a consideration increasingly important to globally minded buyers.
Smart Home Technology
Integrated smart-home systems, keyless entry, and building-wide connectivity are baseline expectations in 2026's luxury new construction, with many towers offering app-controlled environments, climate management, and concierge access from anywhere in the world.
Questions fréquentes (FAQ)
What are the most significant new luxury condo launches in miami in 2026?
The standout launches and milestones of 2026 include the vertical construction advance of Bentley Residences Miami in Sunny Isles Beach (now at the 7th floor, targeting 2028 completion), the launch of Nobu Residences at 619 Brickell by Foster + Partners, the reveal of LILLI by OKO Group in Edgewater, and the completion and delivery of Viceroy Brickell by Related Group. Additionally, The Cove Residences broke ground in Edgewater in March 2026, and the Mandarin Oriental Residences set a mainland Miami price record at $6,300 per square foot.
Why are international buyers so active in miami's new construction luxury market?
International buyers — primarily from Latin America — now account for 52% of all new-construction sales in South Florida. Colombia, Mexico, and Argentina lead as source countries. Buyers cite security, profitability, and location as their primary motivations. Miami's combination of no state income tax, strong USD-denominated asset appreciation, world-class amenities, and direct flight connectivity to Latin America and Europe makes it uniquely compelling as a global safe-haven investment.
How do miami luxury new construction prices compare to other global cities?
Despite record-breaking transactions — such as the Mandarin Oriental penthouses at $6,300/sq. ft. — Miami still represents relative value compared to Monaco, London, and Hong Kong. One million dollars buys significantly more prime residential space in Miami than in most other gateway cities, which continues to attract globally mobile high-net-worth buyers looking for value alongside lifestyle.
What is the difference between pre-construction and move-in ready luxury condos in miami?
Pre-construction luxury condos (such as Nobu Residences at 619 Brickell or Bentley Residences Miami) allow buyers to lock in pricing before completion, often with structured deposit schedules (typically 10% at reservation, 10% at contract, with the balance at closing). Move-in ready buildings like Viceroy Brickell offer immediate occupancy and the ability to inspect the finished product. Pre-construction typically offers greater customization opportunities and the potential for appreciation between signing and closing.
Is miami's luxury real estate market sustainable in 2026?
Market data points to structural rather than speculative demand. Cash buyers represent 70–86% of million-dollar-plus transactions, insulating the market from interest rate volatility. With approximately 29,000 new condo units in development across South Florida, buyers are being selective — but the right projects in the right locations continue to absorb demand quickly. The tripling of Miami's luxury inventory since 2022 reflects a permanent geographic expansion of U.S. luxury real estate, not a bubble.
Chiffres clés
📊 52% of all new-construction sales in South Florida are purchased by international buyers — overwhelmingly from Latin America (Source: MIAMI Association of Realtors, 2026)
🏙️ 10,513 active $1M+ listings in Miami — surpassing New York City for the first time in history (Source: Realtor.com Luxury Outlook 2026)
💡 $6,300/sq. ft. — the new mainland Miami condo price record, set by the Mandarin Oriental Residences penthouses at $49.9M each (Source: Swire Properties / CondoBlackBook, 2026)
🏗️ ~29,000 new condo units currently in development across South Florida, with branded luxury towers leading absorption (Source: Ivan & Mike / Compass National Insights, 2026)
Conclusion: the window is open — but not forever
Imagine waking up in a residence designed by the architects of the Burj Khalifa, stepping onto your private terrace above Biscayne Bay, and ordering breakfast from your building's Nobu-trained private chef. In Miami in 2026, this is not a fantasy — it is a floor plan you can sign on today.
The convergence of record-breaking demand, globally acclaimed architecture, branded hospitality, and a buyer pool drawn from 73 countries has created a luxury new construction market unlike anything Miami has seen before. From the Bentley tower rising floor by floor in Sunny Isles Beach, to the Foster + Partners masterpiece planned for Brickell's waterfront, to the sinuous new LILLI tower just unveiled in Edgewater — the pipeline is extraordinary, and the momentum is real.
But the best opportunities in pre-construction luxury are time-sensitive by nature. Pricing moves upward as construction advances, and the most coveted units — corner residences, high-floor penthouses, bayfront exposures — are absorbed first.
Ready to explore Miami's newest luxury developments? Schedule a private consultation with our luxury real estate specialists, view our curated collection of new construction properties, or download our exclusive Miami Luxury Market Report to begin your journey toward elevated living in 2026.
[IMAGE_PLACEHOLDER: Luxury Miami condo interior with floor-to-ceiling windows overlooking Biscayne Bay, open-concept living space with high-end finishes]
"Miami surpassed New York City as the major U.S. city with the most $1M+ homes by end of 2025"
— Realtor.com Luxury 2026 Outlook
"Bentley Residences Miami has reached level 7 of construction, progressing at approximately one floor every five to six working days"
— e-architect / Dezer Development
"Nobu Residences at 619 Brickell designed by Foster + Partners will rise 860 feet and yield 296 residences along Biscayne Bay"
— Florida YIMBY
