A $43 million Edgewater land deal closed this week. A Pritzker Prize-winning architect just unveiled a Paris-meets-Miami masterpiece in the Design District. A sinuous 53-story tower by the team behind the world's tallest skyscrapers launched sales in May. And a 74-story Brickell icon — designed by Foster + Partners and anchored by Nobu — officially went to market in April.
If you've been watching Miami's new construction luxury homes market from the sidelines, waiting for the right moment to act, the headlines of 2026 are sending you an unmistakable signal: the city's most ambitious development cycle is happening right now, and the window to buy at today's prices is closing fast.
This is not a general overview of Miami luxury real estate. This is the breaking news that every serious buyer needs to read before they make their next move.
Table of contents
- The $43M Edgewater Signal: What This Week's Deal Means
- 619 Brickell: Foster + Partners and Nobu Change the Game
- Lilli: A 53-Story Waterfront Landmark Just Launched in Edgewater
- Fouquet's Brings Paris to the Design District
- Coconut Grove's Four Seasons: Financing Secured, Construction Underway
- The International Buyer Surge Fueling It All
- Miami Luxury Real Estate 2026: The Market Snapshot
- What Buyers Must Know Right Now
- Key Statistics
- FAQ
The $43m edgewater signal: what this week's deal means
The ink is barely dry on one of the most telling land transactions of the year. Cain and Kushner paid $43.1 million for a site in Edgewater where they've been planning a 364-unit luxury apartment tower. The firms acquired the 1.5-acre property at 614 and 720 Northeast 27th Street from an entity tied to OKO Group and Cain — and the deal signals far more than a routine land trade.
OKO and Cain have partnered on several South Florida developments, including the nearby 57-story Missoni Baia and the 830 Brickell office tower, both completed in 2024. Earlier this year, they completed Una Residences, a 47-story waterfront condo in Brickell.
South Florida's apartment supply is down 7.8 percent compared to the three-year average, according to CBRE. Demand is strong as elevated homeownership costs keep buyers in the rental market, and modest rent growth is predicted next year.
For luxury buyers, the message is clear: developers with proven track records are doubling down on Miami's most sought-after waterfront corridors. Land is being acquired at record prices, and that scarcity is only going to push finished product values higher.
619 brickell: foster + partners and nobu change the game
The most talked-about Brickell luxury condo announcement of 2026 officially launched sales in April, and the architectural world took notice. 619 Brickell is Nobu Hospitality's first residential project in Miami, designed by Foster + Partners in collaboration with Sieger-Suarez Architects. The 75-story tower overlooking Biscayne Bay will feature 300 residences, 90,000 sq. ft. of private amenities — including a spa, fitness center, and poolside café — and Miami's second Nobu restaurant, blending luxury, design, and Nobu's signature Japanese-inspired elegance.
Designs for 619 Brickell were released in June 2026. Developed by 13th Floor Investments and Key International, the 75-story building is located on a prime waterfront site adjacent to Brickell Park, offering expansive views across Biscayne Bay from its 296 residences. Inspired by the city's Art Deco heritage, the tower is defined by its gently twisting form that creates a graceful silhouette on the city skyline.
What makes this project a genuine market-mover is the convergence of forces: Foster + Partners, one of the most celebrated architecture firms on the planet (Apple Park, Hearst Tower), combined with Nobu's globally recognized hospitality brand, on one of the last true waterfront parcels in Brickell. 619 Brickell is widely regarded as one of the most architecturally significant residential towers planned for Brickell. With a prime waterfront location and an integrated Nobu dining experience, it is positioned to appeal to ultra-high-net-worth buyers seeking exclusivity and architectural pedigree.
📊 90,000 sq. ft. of private amenities — largest in Brickell – 619 Brickell Amenities
Lilli: a 53-story waterfront landmark just launched in edgewater
Just weeks after 619 Brickell's debut, another headline-making project emerged from Edgewater's rapidly transforming shoreline. 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, the project is designed by Adrian Smith + Gordon Gill Architecture 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 north of Missoni Baia and is among the final major undeveloped bayfront parcels in Edgewater. Lilli would replace a six-story, 30-unit residential building completed in 2004.
The design pedigree is extraordinary. OKO Group is led by Vlad Doronin, the Aman owner and CEO whose firm has become synonymous with ultra-refined Miami living. Adrian Smith + Gordon Gill Architecture — the firm behind Dubai's Jeddah Tower and contributors to the Burj Khalifa — brings a global superstructure sensibility to the Biscayne Bay waterfront.
Set directly on Biscayne Bay, the 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. The architecture feels distinctly tailored to the bayfront setting, with the tower's softly curved exterior, expansive terraces, and floor-to-ceiling glass designed to maximize light and water views.
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.
This wellness-first philosophy reflects a broader shift in what Miami luxury real estate 2026 buyers are demanding — not just spectacular views and premium finishes, but a complete lifestyle ecosystem built around longevity and well-being.
📊 +14% year-over-year increase in 2025-2026 – Edgewater Miami Property Values
Fouquet's brings paris to the design district
Perhaps the most culturally resonant announcement of the year came from the Miami Design District, where an iconic Parisian brand is making its first-ever Miami appearance. David Chipperfield Architects is designing the first large-scale for-sale residential and hotel masterplan within Miami's Design District. The project comprises a 25-storey residential tower and a 12-storey hotel, framing a central garden conceived as a shaded public space.
The Miami Design Residences by Fouquet's will measure 25 stories above grade and feature condos, hotel rooms, and commercial space. Plans call for 143 luxury condos, with floorplans ranging from one-bedroom to four-bedroom models.
In addition to the long-term condos, The Miami Design Residences by Fouquet's will feature 85 hotel keys, 20 hotel/condo units, and just over 55,000 square feet of commercial space. Four developers are working together: Raycliff Capital, Fort Partners, Constellation Hotels Holdings, and Miami Design District Associates (MDDA).
Miami Design Residences Designed by Chipperfield is being designed by David Chipperfield Architects, the Pritzker Prize-winning firm recognized for its restrained modernism and contextual approach. The residences will reflect this same ethos — emphasizing proportion, materiality and light — while offering an elevated living experience enriched by hotel-caliber service and management by Fouquet's.
Fouquet's Miami will serve as both a hospitality centerpiece and a cultural anchor for Miami Design District. In addition to operating the hotel, Fouquet's will manage the development's condominium residences, bringing a hospitality-oriented lifestyle to the residential experience through bespoke services, curated programming and elevated day-to-day living.
This is the first residential development ever built in the Miami Design District — a neighborhood that has spent two decades cultivating the world's most prestigious art, fashion, and architecture brands. For buyers who want to live at the intersection of culture and luxury, this is a once-in-a-generation opportunity.
Coconut grove's four seasons: financing secured, construction underway
The news from Coconut Grove is equally compelling. CMC Group and Fort Partners have closed a $323.8 million construction loan from Bank OZK for Four Seasons Private Residences Coconut Grove, a 20-story waterfront residential tower at 2699 South Bayshore Drive. The financing supports Florida's first standalone Four Seasons branded residential development without an accompanying hotel component.
The project broke ground in October and is advancing on schedule toward a mid-2028 completion, with the tower planned to deliver 70 luxury condominium residences along the waterfront.
With just 70 residences and a 30-year Four Seasons management agreement — plus access to the Surf Club Beach Club — this project exemplifies the boutique ultra-luxury model that is defining luxury condos Miami new construction in 2026. Demand has been extraordinary: more than half the residences sold before the sales gallery even opened.
The international buyer surge fueling it all
The velocity of these announcements is not happening in a vacuum. It is being powered by one of the most dramatic international buyer surges in Miami's history.
In the first three months of 2026, Miami was the top U.S. destination for overall global shoppers, drawing 10.3% of online views from abroad. New York City was in second place (4.7%), followed by Los Angeles (4.6%).
Foreign buyers account for a significant 52% of all new-construction sales in South Florida, and this trend is driven largely by Latin American investors, who represent 86% of all foreign transactions in the region.
In 2025 alone, foreign-buyer sales volume, led by Colombian buyers, reached $3.2 billion in Miami-Dade County, confirming Miami's position as the number-one U.S. market for foreign home 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.
Affluent Colombian investors are particularly drawn to new, turnkey luxury condos with waterfront views.
This international demand is not limited to any single buyer pool. Latin American capital, led by Colombia and Argentina, continues to fuel luxury condo demand and cash-heavy transactions. Political stability, price appreciation, and lifestyle appeal are reinforcing Miami's role as a global safe haven for wealth.
Miami luxury real estate 2026: the market snapshot
Understanding where the market stands is critical for any serious buyer evaluating these new projects.
Miami's luxury-condo market experienced one of its strongest first quarters on record with a sales increase of 15.2% year-over-year. Predictable mortgage rates and lower HOA fees were the driving factors behind restoring buyer confidence, while a weaker U.S. dollar motivated international buyers and helped accelerate momentum.
| Market Metric | Q1 2026 | YoY Change |
|---|---|---|
| Median Luxury Home Price | $4.85M | +3.2% |
| Price Per Square Foot | $1,245 | +2.8% |
| International Buyer Share | 34% | +5% |
| Cash Purchases | 67% | — |
| Q1 Luxury Sales Growth | +15.2% | YoY |
Inventory levels remained above the balanced 9–12-month range, keeping Miami's luxury-condo segment firmly in buyer's-market territory at the close of the first quarter. This is a critical insight: despite the headline-grabbing launches and record deal volumes, buyers still have negotiating leverage in many segments — but that window is narrowing as new launches absorb available supply.
The ultra-luxury tier tells a different story. The ultra-luxury Miami market shows strongest resilience: limited supply of true trophy properties maintains pricing power, international demand is particularly strong from Latin America and Europe, and new construction at this tier typically sells 90%+ before completion.
What buyers must know right now
The pace of announcements in 2026 can feel overwhelming. Here is what separates smart buyers from those who move too late:
1. Pre-Construction Is Where the Value Lives
Every project above — 619 Brickell, Lilli, Fouquet's, Four Seasons Coconut Grove — is available at pre-construction pricing. Brickell is experiencing the most ambitious development cycle in its history. Between 2026 and 2030, more than a dozen major projects will reshape the neighborhood's skyline and redefine the upper limits of luxury in Miami. Early buyers in these projects capture the appreciation between contract signing and delivery.
2. Brand Partnerships Are the New Differentiator
The projects making headlines in 2026 are not generic towers — they are brand-driven lifestyle statements. Nobu, Four Seasons, Fouquet's, and OKO Group all carry global recognition that protects and enhances resale value. With limited true riverfront condo inventory remaining, these developments could redefine luxury living along Miami's waterfront corridors.
3. Wellness Is No Longer Optional
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. From Lilli's four "living pillars" to The Well Coconut Grove's groundbreaking in January 2026, wellness-integrated design is now a baseline expectation for top-tier buyers.
4. Approximately 4,500 New Units Are Coming to Brickell Alone
Approximately 4,500 new condo units are expected to deliver in Brickell between 2027 and 2030. While this represents significant supply, the overwhelming majority of these units are in the ultra-luxury segment ($1,500+/SF), which caters to a different buyer pool than the existing inventory. Understanding which segment you are buying into matters enormously.
Chiffres clés
📊 52% of all new-construction sales in South Florida are purchased by foreign buyers, with Latin Americans representing 86% of all foreign transactions
📊 52% – Foreign Buyer Share of New Construction
🏗️ $323.8M construction loan secured by CMC Group and Fort Partners for Four Seasons Private Residences Coconut Grove — Florida's first standalone Four Seasons residential development
📊 $323.8M from Bank OZK – Four Seasons Coconut Grove Construction Loan
📈 +15.2% year-over-year increase in Miami luxury condo sales in Q1 2026 — one of the strongest quarters on record
📊 +15.2% YoY – Miami Luxury Condo Sales Growth Q1 2026
🌐 10.3% of all global online real estate searches in Q1 2026 pointed to Miami — more than double New York City's share
📊 10.3% of international online views – Miami Global Search Share Q1 2026
Questions fréquentes (FAQ)
What are the most significant new luxury condo launches in miami in 2026?
The standout launches of 2026 include 619 Brickell (a 74-story tower by Foster + Partners with Nobu Hospitality, launched April 2026), Lilli (a 53-story OKO Group waterfront tower in Edgewater designed by Adrian Smith + Gordon Gill, launched May 2026), and Fouquet's Hotel & Residences Miami Design District (a David Chipperfield-designed project bringing the iconic Parisian brand to Miami for the first time). Each represents a different neighborhood and buyer profile, but all share world-class architectural pedigrees and branded hospitality partnerships.
Is now a good time to buy a new construction luxury condo in miami?
According to Q1 2026 market data, Miami's luxury condo segment remains in buyer's-market territory, with inventory above the balanced 9–12-month range. This means buyers still have negotiating leverage on many resale and developer inventory units — while pre-construction opportunities in headline projects like 619 Brickell and Lilli offer the potential to lock in today's pricing ahead of delivery. The combination of a weaker U.S. dollar, strong international demand, and record sales growth of 15.2% YoY in Q1 suggests the window for favorable entry is narrowing.
Why are international buyers so active in miami's luxury new construction market?
Miami drew 10.3% of all global online real estate searches in Q1 2026 — more than double New York City's share. Foreign buyers account for 52% of all new-construction sales in South Florida, driven primarily by Latin American investors (86% of foreign transactions). Colombia alone accounts for 15% of all international purchases, with buyers attracted by Miami's proximity, established Latin communities, Florida's zero state income tax, and the security of hard real estate assets in a stable legal environment.
What should i look for when evaluating a new construction luxury project in miami?
Key factors include: (1) Developer track record — look for firms like OKO Group, CMC Group, Fort Partners, and Related Group with proven delivery histories; (2) Brand partnership — hospitality brands like Four Seasons, Nobu, and Fouquet's add management credibility and resale appeal; (3) Architect pedigree — Foster + Partners, David Chipperfield, and Adrian Smith + Gordon Gill command premium valuations; (4) Location scarcity — true bayfront and oceanfront parcels are finite, with Edgewater's Lilli described as being on one of the final major undeveloped bayfront sites; and (5) Delivery timeline — projects delivering in 2026 offer near-term occupancy, while 2028–2030 projects offer longer appreciation runways.
What is the price range for new construction luxury condos in miami in 2026?
Pricing varies significantly by neighborhood and product tier. Lilli in Edgewater starts at $1.65 million for one-bedroom residences, with penthouses near 7,000 square feet at the top end. Mandarin Oriental Brickell Key recently released second-tower high-floor residences starting at $4.5M, at approximately $2,600 per square foot. Rivage Bal Harbour commands approximately $4,200 per square foot for ultra-boutique oceanfront living. The Q1 2026 median luxury home price across Miami stands at $4.85M, up 3.2% year-over-year.
Conclusion: the headlines are telling you something
The sheer concentration of landmark announcements in the first half of 2026 — a $43M land deal, a Pritzker Prize architect's Miami debut, a Nobu tower by Foster + Partners, a sinuous OKO Group waterfront icon — is not coincidence. It is the market speaking.
Miami's new construction luxury homes sector is in the middle of a generational transformation, one being driven by the world's best architects, the most recognized hospitality brands, and a global wave of buyers who have chosen South Florida as their financial and lifestyle anchor.
The buyers who act during the announcement phase — before cranes dominate the skyline and pre-construction pricing closes — are the ones who will look back on 2026 as the year they made their defining real estate move.
Schedule a private consultation with our Miami luxury real estate specialists today. Whether you are drawn to 619 Brickell's waterfront icon, Lilli's wellness-first Edgewater enclave, Fouquet's cultural masterpiece in the Design District, or the intimate exclusivity of Four Seasons Coconut Grove, our team has direct access to inventory, developer relationships, and the market intelligence to guide your purchase with confidence.
View our curated collection of Miami new construction luxury properties and download our exclusive 2026 Miami Luxury Market Report — speak with a specialist today.
