The cranes are up, the financing is closed, and the headlines keep coming. In 2026, Miami's new construction luxury real estate market isn't just growing — it's rewriting its own record books at a pace that has stunned even veteran industry insiders. From a sinuous 53-story Biscayne Bay tower revealed just weeks ago to a Nobu-branded Brickell skyscraper that will rise 74 stories, the wave of announcements, groundbreakings, and sales launches hitting South Florida this year is unlike anything the market has seen before.
This isn't a retrospective on Miami's luxury boom. This is a live dispatch from the front lines of the most dynamic new construction luxury market in the United States right now — with the latest breaking developments, freshly announced projects, and the market forces driving record demand in real time.
Table of contents
- The News That's Shaping the Market Right Now
- Breaking: Lilli — The 53-Story Waterfront Tower Just Revealed in Edgewater
- 619 Brickell: Nobu Comes to Brickell in a 74-Story Statement
- Brickell's Billion-Dollar Construction Wave
- Coconut Grove & Miami Beach: The Neighborhood Transformation Headlines
- What's Driving the Rush: The Market Forces Behind the Boom
- What Buyers Are Getting: The New Standard in Luxury Amenities
- Chiffres Clés
- Questions Fréquentes (FAQ)
- Conclusion
The news that's shaping the market right now
If you've been watching Miami's luxury real estate market this spring, you've witnessed a torrent of announcements. Miami's luxury pre-construction pipeline currently spans $10 billion or more in branded and ultra-luxury developments across five distinct delivery waves, timed to meet surging demand from the so-called "Wall Street South" migration.
The market is bifurcating in a fascinating way. While resale inventory across Miami-Dade County has climbed to approximately 17 months of supply — placing the resale market in buyer's territory — the pre-construction segment tells a completely different story. New project inventory remains constrained, and the projects that are active have absorbed 60 to 80 percent of available units before construction completion.
The money flowing in is institutional, not speculative. 66 active luxury developments currently compose Miami's pre-construction pipeline, representing more than $5 billion in combined inventory across Brickell, Edgewater, Miami Beach, Fisher Island, Bal Harbour, Sunny Isles, Coconut Grove, the Design District, and Downtown Miami.
Breaking: lilli — the 53-story waterfront tower just revealed in edgewater
The most talked-about announcement of May 2026 came from OKO Group, the developer led by Aman owner and CEO Vlad Doronin. Plans were revealed for Lilli, a 53-story waterfront condominium tower at 717 NE 27th Street in Miami's Edgewater neighborhood. Developed by OKO Group, the project is designed by Adrian Smith + Gordon Gill Architecture — the firm behind some of the world's most ambitious skyscrapers, including the Jeddah Tower — and will yield 117 condominium residences overlooking Biscayne Bay.
The 636-foot-tall tower is planned to contain around 360,679 square feet of space on a 0.63-acre site along the waterfront, and is among the final major undeveloped bayfront parcels in Edgewater.
What makes Lilli exceptional is its deliberate restraint in a market saturated with branded hotel tie-ins. Miami's latest ultra-luxury condo launch comes from some of the biggest names in global design and hospitality — though notably, it isn't tied to an existing hotel or fashion brand. The project marks the latest high-design residential venture from a team that has become increasingly influential in shaping luxury real estate in Miami and beyond.
The residences themselves set a new bar for boutique luxury. The tower offers an exclusive collection of just 117 private, flow-through residences ranging from spacious one-bedroom layouts to expansive, nearly 7,000-square-foot penthouses. Each home features private elevator entry, soaring 10- to 12-foot ceilings, top-of-the-line Gaggenau appliances, and deep, curvilinear private balconies framing panoramic views of Biscayne Bay and the Atlantic Ocean. Prices start at $1.65 million.
The amenity program is organized around a wellness philosophy. Amenities will be organized around four "living pillars" described as movement, recovery, nourishment, and connection. Planned features include a waterfront garden, infrared saunas, cold plunge pools, a treatment room, a movement studio, and a rooftop saltwater pool. The building will also include a dedicated lifestyle and wellness director with programming centered around longevity-oriented living.
📊 $1.65 million for 117 exclusive residences – Lilli Tower Starting Price
619 brickell: nobu comes to brickell in a 74-story statement
While Lilli is capturing the boutique wellness buyer, the announcement of 619 Brickell is commanding the attention of those who want the full branded luxury experience. Nobu Hospitality, in partnership with Key International and 13th Floor Investments, is moving forward with its first branded residential endeavor in Miami. Upon completion, the multi-million-dollar venture would be one of the tallest buildings in Brickell.
619 Brickell is a 74-story skyscraper set to feature 300 luxury one-bedroom to four-bedroom residences. In-unit amenities include nine-foot-high ceilings, rain showers, and integrated smart home technology such as keyless entry.
The design pedigree is world-class. 13th Floor and Key International tapped Foster + Partners and Sieger Suarez Architects to design the waterfront tower. The building will have 90,000 square feet of amenities, including a pool, fitness center, spa facilities, and a café. It will have a Nobu restaurant on the ground floor, making it the Miami area's second Nobu.
The project is expected to be delivered in 2030 and is currently accepting reservations — making now the optimal entry point for pre-construction buyers seeking maximum appreciation runway.
📊 90,000 sq ft including Nobu restaurant, pool, spa – 619 Brickell Amenity Space
Brickell's billion-dollar construction wave
The scale of capital flooding into Brickell's new construction luxury market is staggering. JLL's Capital Markets group secured $565.35 million in construction financing for The Residences at 1428 Brickell, an ultra-luxury 70-story condominium tower in Miami's Brickell Financial District. JLL represented the borrower, Ytech, in arranging the 4.25-year, floating-rate loan through JP Morgan and Sculptor.
Residences at 1428 Brickell will range from 1,800 to 4,000 square feet, with prices spanning from $4.4 million to $10 million. The tower will also include two $60 million upper penthouses featuring 30-foot ceiling heights, seven bedrooms, and nine bathrooms.
In a market-defining innovation, the project will be the first high-rise residential building to run partially under solar power, with photovoltaic glazing along its west-facing façade allowing the windows on that side to generate solar energy.
The project broke ground in November 2024, completed the largest mat foundation pour ever executed in Brickell in September 2025, and is slated for project delivery in Q4 2028.
Also making headlines in Brickell: construction has now reached the 40th floor at the ultra-luxury Baccarat Residences in Brickell, maintaining progress toward a 2028 completion. Developed as a joint venture between Related Group and GTIS Partners, the luxury tower is nearly sold out, with the last report stating 95% pre-sold.
Coconut grove & miami beach: the neighborhood transformation headlines
Coconut grove: south florida's oldest neighborhood, newest luxury address
Coconut Grove is undergoing a transformation that has shocked even long-time Miami real estate observers. In March 2026, the median listing price in Coconut Grove reached $2,399,250 — more than double the September 2019 median price of $1.0 million.
The biggest recent news from the Grove: The Well Coconut Grove broke ground in January 2026 after locking down a $410 million construction loan from Bank OZK. The Four Seasons Private Residences Coconut Grove — the global brand's first standalone residential offering in Florida — secured a $323.8 million construction loan, signaling the institutional confidence pouring into the neighborhood.
What was once known primarily for its charm and natural beauty is now emerging as a premier destination for ultra-luxury real estate, with boutique buildings that rival Brickell and Miami Beach in both design sophistication and amenity offerings. These residences deliver a more intimate, lifestyle-focused alternative while still offering the elevated finishes, services, and experiences today's buyers expect.
Miami beach & bal harbour: the oceanfront ultra-luxury surge
The oceanfront market is experiencing its own surge of breaking news. The Perigon topped off in March 2026, with its distinctive diamond-shaped silhouette now standing prominently on the shore. Developed by Mast Capital and Starwood Capital, it ranks among the most highly anticipated new oceanfront projects in Miami Beach. The 17-story building is designed by OMA New York as a series of slightly twisting towers, maximizing water views from every residence.
At the ultra-luxury end of the spectrum, Rivage Bal Harbour is redefining the ceiling for oceanfront pricing — with units starting at $14 million and penthouses commanding far more, developed by Related Group and Two Roads Development with design by SOM and interiors by Rottet Studio.
A Miami Beach mansion recently sold for $27 million in an all-cash deal after last trading hands for $16.1 million in 2024 — a 68% appreciation in under two years — illustrating the explosive value trajectory in South Florida's waterfront markets.
What's driving the rush: the market forces behind the boom
The data behind the 2026 surge in Miami luxury new construction demand reveals several converging forces.
The california exodus accelerates
Sales took off in mid-January 2026 after Google co-founders Larry Page and Sergey Brin made major moves: Page acquired three properties in Coconut Grove for a combined $188 million, and Brin entered into a contract to purchase a waterfront home on Allison Island in Miami Beach for $51 million. The proposed wealth tax in California was described by brokers as "the final straw."
"Up to 70 percent of my deals are tech buyers. Maybe 80 percent are from California. They're coming quietly and nicely," said one top Miami luxury broker.
International buyers dominate new construction
According to the latest MIAMI Association of Realtors international reports, Colombia remains the #1 source country for foreign buyers for the third consecutive year (15% of all foreign buyers and 23% of new-construction purchases), with Argentina in second place at 12%. Latin American buyers represent 64–86% of international transactions in South Florida, depending on the submarket.
South Florida — especially its luxury condominium market — continues to be the premier U.S. destination for international real estate investors in 2026, with $4.4 billion in international purchases in 2025 alone and buyers from 73+ countries.
The scarcity premium
South Florida continues to attract buyers from around the world because of what it offers beyond the property itself. At the same time, true luxury waterfront inventory — especially homes with deepwater access, no fixed bridges, large lot sizes, and newer construction — remains extremely limited.
📊 $4.4 billion in South Florida in 2025 – International Luxury Condo Investment
What buyers are getting: the new standard in luxury amenities
The 2026 wave of new construction luxury homes in Miami has reset expectations for what "luxury" means. Across the pipeline — from Lilli's wellness pillars to Baccarat's crystal-inspired façade — several defining trends are emerging:
| Feature | Previous Generation | 2026 New Construction Standard |
|---|---|---|
| Smart Home Tech | Basic automation | Full AI-integrated systems, keyless entry, app-controlled environments |
| Wellness Amenities | Gym + pool | Infrared saunas, cold plunge, movement studios, longevity programming |
| Sustainability | LEED certification | Solar-integrated façades, energy-generating glass (1428 Brickell) |
| Privacy | Shared elevator lobbies | Private elevator entry per residence |
| Outdoor Living | Standard balconies | Deep curvilinear terraces, flow-through units, direct Baywalk access |
| Branded Services | Building concierge | Full hotel-style service (Nobu, Four Seasons, Baccarat, Aman) |
| Unit Size | 800–1,200 sq ft average | 1,800–7,000 sq ft, with penthouses exceeding 9,000 sq ft |
The branded residence trend is particularly powerful. Whether it's Nobu at 619 Brickell, Four Seasons in Coconut Grove, Baccarat on the waterfront, or Aman at Miami Beach, buyers are purchasing not just a home but a globally recognized service standard — and a built-in resale story that commands premium pricing in secondary markets.
Chiffres clés
📊 $10B+ in branded and ultra-luxury new construction currently in Miami's development pipeline across five delivery waves (Source: Manhattan Miami, 2026)
💡 95% of Baccarat Residences Brickell pre-sold before construction completion — illustrating the velocity of demand for top-tier new construction (Source: CondoBlackBook, March 2026)
🏗️ $565.35M — the construction loan secured by JLL for The Residences at 1428 Brickell, one of the largest residential condo loans in the U.S. in recent years (Source: JLL Capital Markets, November 2025)
🌎 64–86% of international luxury condo transactions in South Florida originate from Latin American buyers, led by Colombia, Argentina, Mexico, and Brazil (Source: MIAMI Association of Realtors, 2026)
Questions fréquentes (FAQ)
What are the most significant new luxury condo announcements in miami in 2026?
The biggest breaking news includes the reveal of Lilli by OKO Group — a 53-story, 117-unit boutique tower in Edgewater designed by the architects behind the Burj Khalifa, with prices starting at $1.65 million. Also making major headlines: the 619 Brickell (Nobu Residences), a 74-story tower designed by Foster + Partners with 90,000 sq ft of amenities, and The Residences at 1428 Brickell, which secured a landmark $565 million construction loan from JPMorgan and is on track for a 2028 delivery.
Is now a good time to buy new construction luxury condos in miami?
The data strongly favors early entry. Active pre-construction projects are absorbing 60–80% of available units before construction completion, and marquee projects like Baccarat Residences are already 95% pre-sold. Buyers who enter at the pre-construction phase typically benefit from the lowest pricing, maximum unit selection, and phased deposit structures. With California wealth migration accelerating and international demand at record levels, waiting means paying more — or missing the project entirely.
Which miami neighborhoods offer the best new construction luxury opportunities right now?
Brickell remains the epicenter for branded high-rise luxury, with 619 Brickell, 1428 Brickell, and Baccarat Residences all under development. Edgewater is emerging as the boutique waterfront alternative, with Lilli among the last available bayfront parcels. Coconut Grove is seeing a historic price surge, with the Four Seasons and The Well both under construction. Bal Harbour and Miami Beach offer the most exclusive oceanfront options, anchored by Rivage and The Perigon.
What makes miami new construction luxury homes different from resale properties?
New construction in 2026 offers features that simply don't exist in older inventory: solar-integrated façades, AI-powered smart home systems, private elevator entry, wellness programming with dedicated longevity directors, and full hotel-branded service standards. Buyers also benefit from builder warranties, modern building codes (including post-Surfside structural requirements), and the ability to customize finishes at the pre-construction stage — advantages no resale property can match.
How much are international buyers influencing miami's new construction luxury market?
Enormously. International buyers — led by Latin American buyers from Colombia, Argentina, Mexico, and Brazil — represent 64–86% of international transactions in South Florida. In 2025, $4.4 billion in international capital flowed into South Florida luxury real estate. Foreign buyers accounted for 52% of new-construction home purchases in certain Miami submarkets, making the international buyer the defining force in the new construction luxury segment.
Conclusion
The story of Miami luxury new construction in 2026 is being written in real time — in the form of groundbreakings, record-breaking financing announcements, and landmark architectural reveals that are arriving week after week. From the sinuous curves of Lilli rising on Biscayne Bay to the 74-story Nobu statement being staked into Brickell's skyline, from Coconut Grove's historic price surge to the $565 million institutional bet on 1428 Brickell, the evidence is overwhelming: this is the most consequential moment to enter Miami's new construction luxury market in a generation.
The convergence of California wealth migration, surging Latin American investment, record institutional financing, and a pre-construction pipeline that's selling out before the concrete is poured means that the window for optimal entry is not measured in years — it's measured in months.
Whether you're seeking a flow-through penthouse with private elevator access on Biscayne Bay, a branded Nobu residence in the heart of Brickell's financial district, or an intimate Four Seasons villa in the canopy of Coconut Grove, the properties being announced and launched right now represent the future of South Florida luxury living.
Schedule your private consultation with a Miami luxury new construction specialist today. The developments making headlines this week won't be available at today's pricing for long.
""So much wealth": Why the rush for waterfront homes rolls on in South Florida"
— The Real Deal
