Miami's luxury real estate market has never moved faster — or higher. In a city already synonymous with wealth, sunshine, and architectural ambition, 2026 is proving to be a landmark year defined by a wave of headline-making announcements, record-breaking sales, and transformative new construction projects that are rewriting what "luxury" means in South Florida. From a sinuous 53-story bayfront tower just revealed by one of the world's most celebrated developers, to a 74-story Nobu-branded skyscraper rising in the heart of Brickell, the pipeline of new construction luxury homes in Miami has never been more electrifying — or more globally coveted.
This is not a general overview of Miami real estate. This is your front-row seat to the breaking developments, fresh announcements, and just-launched projects that are defining Miami luxury real estate in 2026.
Table of contents
- The Big Picture: What's Driving Miami's 2026 Luxury Surge
- Just Announced: Lilli — OKO Group's Stunning Edgewater Tower
- 619 Brickell by Nobu: The 74-Story Game-Changer
- Coconut Grove's Luxury Renaissance: Four Seasons & Beyond
- The International Buyer Surge Fueling New Construction Demand
- Luxury Condos Miami New Construction: The 2026 Market at a Glance
- Waterfront Properties: The Rush That Won't Stop
- Questions Fréquentes (FAQ)
- Chiffres Clés
The big picture: what's driving miami's 2026 luxury surge
The numbers tell a stunning story. Foreign buyers invested a record $4.4 billion in South Florida residential real estate in 2025 — a 42% jump from the previous year — and in 2026, the momentum shows no signs of slowing. International purchasers now account for roughly 15% of all residential dollar volume in the Miami metro area, seven times the national average, and an astonishing 52% of new-construction and pre-construction condo sales.
Miami's luxury pipeline spans $10B+ in branded and ultra-luxury developments across multiple distinct delivery waves, timed to meet surging demand from the so-called "Wall Street South" migration. At the same time, 2026 is seeing one of the largest waves of new luxury condo deliveries in Miami's history — more than 15,000 luxury condo units expected across 40+ developments.
What's fueling this? A potent cocktail of Florida's zero state income tax, an unmatched coastal lifestyle, and a global perception of Miami as a stable, business-friendly capital for wealth preservation. The city is not just attracting buyers — it is attracting the world's most ambitious developers and the most celebrated architects on the planet.
📊 52% of all new-construction condo sales – Miami International Buyer Share of New Construction Sales
Just announced: lilli — OKO group's stunning edgewater tower
The most talked-about new announcement in Miami's luxury market right now is Lilli, and for very good reason.
Plans have been revealed for Lilli, a 53-story waterfront condominium tower at 717 NE 27th Street in Miami's Edgewater neighborhood. Developed by OKO Group and designed by Adrian Smith + Gordon Gill Architecture — the designers behind Dubai's Jeddah Tower — the project will yield 117 condominium residences overlooking Biscayne Bay. The 636-foot-tall tower is planned to rise on one of the final major undeveloped bayfront parcels in Edgewater.
Set directly on Biscayne Bay, the tower will bring 117 residences ranging from one-bedroom homes to penthouses nearing 7,000 square feet, with prices starting at $1.65 million.
What makes Lilli truly stand out in an already spectacular Miami skyline is its design philosophy. The project reflects a broader shift happening across Miami's luxury market, where buyers are increasingly prioritizing architectural significance and design team pedigree, privacy, and a focus on wellness.
At Lilli, amenities are organized around four "living pillars" — movement, recovery, nourishment, and connection — and include a waterfront garden, infrared saunas, cold plunge pools, a treatment room, a movement studio, and a rooftop saltwater pool. The building will also feature a dedicated lifestyle and wellness director, along with programming centered around longevity and everyday well-being.
The project marks the latest Miami development from OKO Group, led by Aman owner and CEO Vlad Doronin, whose portfolio also includes 830 Brickell and Aman Miami Beach. Residents will also have direct access to the Baywalk, linking the property with surrounding portions of Edgewater's waterfront corridor.
619 brickell by nobu: the 74-story game-changer
If Lilli is the crown jewel of Miami waterfront properties in Edgewater, then 619 Brickell is its Brickell counterpart — and it's one of the most anticipated luxury condo projects in the city's history.
619 Brickell is a 74-story skyscraper developed by Nobu Hospitality in partnership with Key International and 13th Floor Investments, 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 tower is designed by the legendary Foster + Partners, with Sieger Suarez Architects as architect of record, and will include a Nobu Restaurant as part of the project. Upon completion, it would be one of the tallest buildings in Brickell — a neighborhood already defined by soaring ambition.
The branded residences trend is transforming Brickell luxury condos into something far beyond real estate. Two projects crystallize this shift: 619 Brickell Residences and Cipriani Residences Brickell — an 80-story luxury residential tower with 397 residences now actively advancing through construction. For buyers considering Brickell as a primary residence, a pied-à-terre, or a portfolio-grade Miami position, these towers signal a luxury market consolidating around brands capable of delivering a full-spectrum experience.
The Brickell luxury condo market's performance metrics back up the excitement. In Q1 2026, the ultra-luxury segment ($3M–$6M) saw average price per square foot climb to approximately $1,290, with sales nearly doubling, while the $6M–$10M tier saw price per square foot rise 44% to approximately $1,642.
| Project | Stories | Units | Price From | Architect | Est. Completion |
|---|---|---|---|---|---|
| 619 Brickell (Nobu) | 74 | 300 | ~$800K | Foster + Partners | 2030 |
| Cipriani Residences | 80 | 397 | From $3M+ | Arquitectonica | 2027 |
| Mandarin Oriental Brickell | 66 | 228 | From $4.9M | — | 2029 |
| Baccarat Residences | 75 | 360 | From $1.8M | — | 2028 |
| Colette Residences | 5 | 38 | From $2.8M | — | 2028 |
📊 +44% price per sq ft year-over-year ($6M–$10M segment) – Brickell Ultra-Luxury Price Growth
Coconut grove's luxury renaissance: four seasons & beyond
While Brickell commands the headlines for sheer scale, Coconut Grove is quietly delivering the most emotionally compelling new construction story of 2026 — and it just made history.
Developers Ugo Colombo's CMC Group and Nadim Ashi's Fort Partners have broken ground on Four Seasons Private Residences Coconut Grove, marking a major milestone for Miami's luxury condo landscape. The project represents Florida's first-ever standalone Four Seasons-branded residential tower — a purely residential experience without an attached hotel, a rarity in the global Four Seasons portfolio.
Located on a prime 1.16-acre waterfront parcel at 2699 S. Bayshore Drive, the 20-story development is already over 50% pre-sold, with prices starting just under $6 million. The building's design, crafted by Michele Bonan, showcases Biscayne Bay views, seamless indoor-outdoor flow, and the kind of understated elegance that has made the Grove one of Miami's most sought-after addresses.
Beyond Four Seasons, the Grove's new construction pipeline is thriving. 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, according to Realtor.com data. New boutique projects like OPUS Coconut Grove (just 14 residences, with 12-foot ceilings and Biscayne Bay views) and The Well Coconut Grove (194 residences with red light therapy closets and air purification systems) are redefining what wellness-oriented luxury living looks like in South Florida.
The international buyer surge fueling new construction demand
Behind every record-breaking project announcement is a surging wave of global demand that shows no sign of cresting.
In the first three months of 2026, Miami was the top U.S. destination for overall global property shoppers, drawing 10.3% of online views from abroad — nearly double New York City's 4.7% share.
The most dramatic story involves Colombian buyers. Colombia is the No. 1 global buyer market for South Florida real estate, accounting for 15% of all international purchases. Miami is the top choice for 59% of Colombian buyers, anchored by established communities in enclaves such as Kendall, Doral, and South Miami.
As Colombia moves deeper into its 2026 presidential election cycle, wealth taxation and fiscal reforms have emerged as part of the national conversation, contributing to concerns among high-net-worth Colombians and business owners — and accelerating the flight of capital to Miami.
This isn't just a Colombian phenomenon. Latin American buyers represent 64–86% of international transactions in South Florida, depending on the submarket, with buyers from 73 countries collectively driving demand. In submarkets like Brickell, 77% of international buyers originated from Latin American countries.
The motivations are clear: no state income tax, strong asset protection laws, a stable legal system, and an irreplaceable lifestyle. Affluent individuals are increasingly diversifying away from jurisdictions perceived as less predictable — toward markets viewed as more stable, business-friendly, and favorable to capital preservation.
📊 15% of all international real estate transactions – Colombia's Share of South Florida International Purchases
Luxury condos miami new construction: the 2026 market at a glance
The sheer breadth of luxury condos Miami new construction in 2026 offers buyers an unprecedented range of options — from entry-level luxury to ultra-exclusive branded residences. Here's a snapshot of the most active segments:
Accessible luxury: under $3m
Not every new construction luxury condo in Miami requires an eight-figure budget. Projects in Edgewater and emerging neighborhoods are delivering sophisticated residences with resort-style amenities at price points that remain accessible to a wider pool of buyers. Aria Reserve North Tower in Edgewater, which topped off in August 2025 and is expected to complete in 2026, stands alongside the already-delivered South Tower as one of the tallest twin towers on a U.S. coastline.
Mid-luxury: $3m–$6m
This is where the branded residence revolution is most visible. The Residences at 1428 Brickell, estimated for 2026 delivery, starts from $2.8M, while St. Regis Residences Miami starts from $9.54M — illustrating the wide spectrum of the mid-to-upper luxury tier in Brickell alone.
Ultra-luxury: $6m+
The Residences at Mandarin Oriental Brickell Key ranks among the top three best Miami new construction condos, representing the pinnacle of branded luxury on the Miami mainland, with two penthouses that sold in March 2026 at a record $49.9 million each.
Waterfront properties: the rush that won't stop
Perhaps no segment of Miami's luxury market is more fiercely competitive right now than Miami waterfront properties. The laws of supply and demand are brutally simple: you cannot manufacture more shoreline.
Waterfront properties continue commanding premium pricing with 5–8% annual appreciation, driven by one simple constraint — top properties with true water views or private docks still sell at a premium because new waterfront land simply doesn't exist.
The data from recent transactions is jaw-dropping. A Miami Beach mansion recently sold for $27M in an all-cash deal after last trading hands for $16.1M in 2024 — a $10.9M gain in under two years. A financier listed a "tropical compound" in Miami for a staggering $110 million. Bayfront Miami Beach properties are fetching megamillion prices, with multiple ultra-high-end residences selling for tens of millions of dollars, many owned as second residences by the ultra-wealthy.
South Florida's luxury market continues to attract long-term wealth due to domestic migration, international buyer interest, limited waterfront supply, and continued lifestyle appeal — factors that insulate it from the headwinds affecting other U.S. markets.
The verdict from industry insiders is unanimous: the rush for waterfront homes rolls on, and with new bayfront parcels becoming increasingly scarce, projects like Lilli in Edgewater — occupying one of the neighborhood's last undeveloped bayfront sites — represent a genuinely finite opportunity.
Your move: navigating miami's fast-moving luxury new construction market
With this many projects launching simultaneously, buyers need a clear strategy. Here are the key considerations for 2026:
Pre-Construction vs. Move-In Ready
Pre-construction offers the best pricing, maximum customization, and the ability to lock in today's prices on tomorrow's delivery. Move-in-ready units command a premium but eliminate construction risk and allow immediate occupancy or rental income.
Developer Track Record
In a market this active, developer credibility is paramount. Projects backed by established names — OKO Group, CMC Group, Fort Partners, Key International, 13th Floor Investments — carry significantly lower execution risk than newer entrants.
Deposit Structures
Miami pre-construction typically requires 10–50% deposits paid in stages during construction. International buyers should work with specialists familiar with cross-border financing and wire transfer protocols.
HOA Fees and Building Operations
Branded residences carry higher HOA fees than standard buildings — but those fees fund the hotel-grade services, concierge teams, and wellness directors that justify the premium. Always review reserve fund adequacy before signing.
Timing the Market
The 4th Annual PROFILE State of the Market 2026 event, presented by Tower Capital Partners, confirmed that Miami's luxury real estate market remains one of the most dynamic in the world — with institutional-quality development and sustained demand creating a compelling long-term investment case.
Conclusion: the window is open — but not forever
Miami in 2026 is experiencing a confluence of forces that may never align quite this perfectly again: a record pipeline of architecturally significant new construction, surging global demand from buyers seeking stability and lifestyle, historically scarce waterfront land, and a tax-friendly environment that continues to attract wealth from across the Americas and beyond.
Whether you are drawn to the wellness-forward vision of Lilli on Biscayne Bay, the culinary-branded sophistication of 619 Brickell by Nobu, the historic charm of Four Seasons Coconut Grove, or the oceanfront glamour of Miami Beach's boutique towers, the opportunity to secure your place in one of the world's great cities has never been more tangible — or more time-sensitive.
The skyline is being written right now. The only question is whether your name is on the building.
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 get ahead of the market.
Questions fréquentes (FAQ)
What are the most exciting new luxury construction projects launching in miami in 2026?
The standout announcements of 2026 include Lilli by OKO Group in Edgewater — a 53-story, 117-residence bayfront tower designed by Adrian Smith + Gordon Gill Architecture with prices starting at $1.65M — and 619 Brickell by Nobu, a 74-story, 300-residence tower designed by Foster + Partners. In Coconut Grove, Four Seasons Private Residences has broken ground as Florida's first standalone Four Seasons-branded residential tower, already over 50% pre-sold with prices starting just under $6M.
Why is miami's waterfront luxury real estate market so competitive in 2026?
Waterfront land in Miami is finite — you simply cannot create more bayfront or oceanfront parcels. This structural scarcity, combined with record international demand (Miami drew 10.3% of all global online property searches in Q1 2026), drives consistent 5–8% annual appreciation on waterfront properties. Projects like Lilli, occupying one of Edgewater's last undeveloped bayfront sites, represent a genuinely irreplaceable opportunity.
Who is buying luxury new construction condos in miami right now?
The buyer pool is remarkably diverse. International buyers — particularly from Colombia (15% of all South Florida international purchases), Argentina (12%), and Brazil and Mexico (approximately 7% each) — are major drivers of new construction demand, accounting for 52% of all pre-construction sales. Domestic buyers relocating from New York, California, and other high-tax states continue to fuel demand, attracted by Florida's zero state income tax and Miami's world-class lifestyle.
What is the price range for luxury new construction condos in miami in 2026?
The range is wide. Entry-level luxury new construction starts around $800K–$1.65M (619 Brickell, Lilli). Mid-luxury branded residences typically range from $2.8M–$6M (Four Seasons Coconut Grove, Mandarin Oriental Brickell Key). Ultra-luxury penthouses and flagship units can exceed $10M–$50M, with record penthouse sales at the Residences at Mandarin Oriental Brickell Key reaching $49.9M in early 2026.
Is now a good time to buy pre-construction luxury in miami?
For buyers with a 3–5 year horizon, the case is compelling. Waterfront supply is structurally constrained, global demand is at record levels, and the current wave of branded residences is attracting a quality of architectural talent and hospitality operator that commands long-term premium pricing. Pre-construction also allows buyers to lock in current pricing with staged deposit payments, preserving capital flexibility during the construction period.
Chiffres clés
📊 $4.4 Billion in foreign investment poured into South Florida residential real estate in 2025 — a 42% jump year-over-year (Source: MIAMI Association of Realtors, 2026)
🌍 52% of all new-construction and pre-construction condo sales in South Florida are to international buyers — 7x the national average (Source: MIAMI Association of Realtors, 2026)
🏙️ 15,000+ luxury condo units expected across 40+ developments in Miami in 2026 — the largest delivery wave in the city's history (Source: Market Analysis, 2026)
💰 +44% year-over-year price per square foot growth in Miami's ultra-luxury ($6M–$10M) Brickell condo segment in Q1 2026 (Source: Manhattan Miami Real Estate, 2026)
