Miami's luxury real estate market isn't just hot — it's rewriting the rules. In the span of a single spring season, the city has witnessed a Nobu-branded skyscraper launch sales at up to $60 million per unit, a sinuous bayfront tower unveiled by the team behind Aman, a Four Seasons residential project break ground with a $323.8 million construction loan, and developers buying out entire aging condo buildings to make way for the next generation of ultra-luxury living. If you've been watching Miami luxury real estate in 2026, the pace of announcements is unlike anything the city has seen before.
This article cuts through the noise and brings you the most important breaking developments — from new project launches and record financing deals to the bold redevelopment wave reshaping South Florida's waterfront. Whether you're a buyer, investor, or simply tracking the market, these are the stories you need to know right now.
Table of contents
- 619 Brickell by Nobu: The Most Anticipated Sales Launch of 2026
- Lilli: The Edgewater Tower Redefining Waterfront Design
- Four Seasons Coconut Grove: Construction Underway on a Historic First
- The Condo Buyout Wave: Demolish to Rebuild Ultra-Luxury
- International Buyers Fuel the Demand Engine
- Key Statistics
- FAQ
619 brickell by nobu: the most anticipated sales launch of 2026 {#619-brickell-by-nobu}
The headline that sent Miami's luxury real estate world buzzing this week: a Nobu-branded condo tower in Brickell has officially launched sales, with units priced up to $60 million. This is not a distant pre-construction rumor — it is happening now, and the details are extraordinary.
Designed by Foster + Partners in collaboration with Sieger-Suarez Architects, 619 Brickell by Nobu will rise 74 stories with 296 luxury condos. Residences will feature keyless entry, 9-foot ceilings, rain showers, and a suite of smart-home integrations. The project's 90,000-square-foot amenity collection will also include a ground-floor Nobu restaurant, marking the brand's second Miami-Dade location, alongside a residents-only Nobu café and bar by the pool deck.
Prices at 619 Brickell by Nobu start at $2.8 million, with a choice of one- to four-bedroom residences.
The architectural vision is as bold as the price tag. The renderings show a slender glass tower composed of five twisting cassettes, each oriented to maximize water views from the residences. The building's massing is shaped by rounded corners, stacked residential volumes, and continuous balcony lines that wrap around the tower.
What makes this launch especially significant is its wellness-forward positioning. Ahead of the project's official June sales launch, developers 13th Floor Investments and Key International unveiled new details about Brickell's upcoming Nobu-branded residences, which will be guided by a wellness-driven concept centered around biohacking and longevity.
📊 90,000 sq ft of indoor & outdoor amenities – 619 Brickell by Nobu — Amenity Space
Lilli: the edgewater tower redefining waterfront design {#lilli-edgewater-tower}
Just weeks before the Nobu launch, another landmark announcement landed from Miami's Edgewater neighborhood. 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 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. That scarcity factor alone makes Lilli one of the most compelling new construction luxury homes Miami has seen in years.
The interiors are equally exceptional. Residences will overlook Biscayne Bay, Miami Beach, and the downtown skyline with ceiling heights up to 12 feet, custom millwork, marble finishes, Gaggenau appliances, and oversized private balconies intended to function as true outdoor living spaces. Residents will also have direct access to the Baywalk, placing them within minutes of the Design District, Wynwood, and several of the city's major cultural institutions.
Lilli's amenity philosophy centers on a concept that is fast becoming the defining trend of 2026 luxury condos in Miami: amenities organized around four "living pillars" — movement, recovery, nourishment, and connection — including 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.
Set directly on Biscayne Bay at 717 Northeast 27th Street, the 53-story 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.
📊 $1.65M for waterfront residences – Lilli Edgewater — Starting Price
Four seasons coconut grove: construction underway on a historic first {#four-seasons-coconut-grove}
While Brickell luxury condos and Edgewater towers grab headlines, Coconut Grove is quietly staging one of the most significant luxury residential milestones in South Florida's history. 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 in Miami's Coconut Grove neighborhood. 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.
This boutique scale — just 70 residences across 20 stories — is precisely what makes Four Seasons Coconut Grove so coveted. It offers the intimacy and privacy that ultra-high-net-worth buyers increasingly demand, backed by the legendary Four Seasons service standard. The building sits across from the recently completed Regatta Harbour, with Dinner Key Marina and Coconut Grove's walkable grid just steps away.
"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." — The Luxury Team, April 2026
The residences at 1428 brickell: institutional confidence at $565m {#residences-1428-brickell}
Perhaps the single most powerful signal of institutional confidence in Miami's luxury new construction market came in late 2025, when a landmark financing deal closed that is still reverberating through the industry in 2026. 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 prestigious Brickell Financial District. JLL represented the borrower, Y-Tech, in arranging the 4.25-year, floating-rate loan through JP Morgan and Sculptor.
The scale of demand behind this project is staggering. As of October 2025, The Residences at 1428 is 57% presold, demonstrating strong market demand for ultra-luxury product in Brickell. The development will offer an unprecedented 80,000 square feet of amenities dedicated exclusively to residents, including resort-level pools, a two-story Owners Club, wellness facilities and a rooftop observatory.
This deal — one of the largest construction loans ever closed for a condo development in South Florida — sends an unambiguous message: institutional capital believes deeply in Miami luxury real estate 2026 and beyond.
The condo buyout wave: demolish to rebuild ultra-luxury {#the-condo-buyout-wave}
One of the most dramatic breaking stories reshaping the Miami luxury waterfront properties landscape is less about what's being built and more about what's being torn down to make room. South Florida developers are buying out and demolishing aging condos to clear scarce waterfront sites, with The Real Deal reporting a roughly $200 million buyout of a 134-unit Brickell Key building in active negotiation as of April 2026.
Why is this happening now? South Florida's luxury development engine has a land problem. The prime waterfront and bayfront parcels that built Brickell Key, Sunny Isles Beach, and Miami Beach are essentially gone. So the most active developers are doing the next logical thing: buying entire aging condominium buildings, demolishing them, and replacing them with a new generation of ultra-luxury towers.
The numbers are striking. In 2024, a development group completed a $132 million buyout of an oceanfront condominium complex in Sunny Isles Beach, acquiring the entire building to redevelop it as a new luxury tower. Then in April 2026, developers were in active negotiations to acquire a 134-unit building on Brickell Key at a valuation near $1.5 million per unit — about $200 million for the building.
For buyers, this trend creates both urgency and opportunity. Pre-construction luxury homes in neighborhoods where land is effectively exhausted represent a genuinely finite supply — and finite supply, paired with surging global demand, is the foundation of long-term appreciation.
📊 ~$200M deal in active negotiation for single Brickell Key building – Miami Condo Buyout Wave
International buyers fuel the demand engine {#international-buyers-fuel-demand}
Behind every headline project is a demand story, and in 2026, that story is global. As of early 2026, Miami has reaffirmed its position as the number one U.S. destination for international homebuyers. 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.
The Colombian buyer has emerged as a particularly powerful force in the current cycle. Colombia leads the way as the top foreign buyer, holding a 15% foreign buyer share of the market, with 39 consecutive months of global search interest. Argentina follows closely behind with a 12% market share, with buyers particularly active in the luxury $1M+ condo segment.
When it comes to neighborhood preferences, Brickell continues to dominate as the top choice for global investors. Known for its live-work-play environment, Brickell offers a vibrant urban lifestyle that appeals to both investors and residents alike. Following Brickell in popularity are Miami Beach and Coral Gables.
The domestic relocation story remains equally powerful. The continued migration of financial and technology companies to South Florida — Citadel, Apollo, Blackstone, and dozens of others — creates sustained high-income employment demand for luxury housing. Florida's zero state income tax advantage continues to make Miami waterfront properties a compelling financial proposition for high earners from New York, California, and Illinois.
Chiffres clés
📊 52% of all new-construction sales in South Florida are to foreign buyers, with Latin American investors representing 86% of those transactions (MIAMI Realtors, 2026)
💡 $565.35 million — construction loan secured for The Residences at 1428 Brickell, one of the largest condo construction loans in South Florida history (JLL Capital Markets, 2025)
🏗️ $323.8 million — construction loan closed for Four Seasons Private Residences Coconut Grove, Florida's first standalone Four Seasons branded residential project (Bank OZK / Florida YIMBY, 2026)
🔑 57% presold — The Residences at 1428 Brickell reached this milestone before construction financing even closed, signaling extraordinary demand for new construction luxury homes in Miami (Y-Tech / JLL, 2025)
Questions fréquentes (FAQ)
What are the most significant new luxury condo launches in miami in 2026?
The standout launches of 2026 include 619 Brickell by Nobu — a 74-story Foster + Partners-designed tower with prices from $2.8 million to $60 million — and Lilli in Edgewater, a 53-story bayfront tower by OKO Group (the Aman team) with prices starting at $1.65 million. Four Seasons Private Residences Coconut Grove is also under active construction following a $323.8 million construction loan closing in early 2026.
Why is miami's luxury new construction market so active right now?
Several converging forces are driving the current boom: a near-total exhaustion of prime waterfront land (pushing developers to buy out aging buildings), record international buyer demand (52% of new construction sales), the continued migration of major financial firms and high-income professionals to South Florida, and Florida's zero state income tax advantage. These fundamentals have attracted institutional capital at record levels — evidenced by deals like the $565 million JPMorgan loan for 1428 Brickell.
What is the "condo buyout wave" and how does it affect buyers?
The condo buyout wave refers to developers purchasing entire aging condominium buildings on prime waterfront sites, demolishing them, and replacing them with new ultra-luxury towers. With virtually no undeveloped bayfront land remaining in neighborhoods like Brickell and Edgewater, this is now the primary mechanism for delivering new luxury condos in Miami. For buyers, it underscores the scarcity of truly new waterfront product — and the long-term value of securing pre-construction units in these projects.
Are international buyers still active in miami luxury real estate in 2026?
Absolutely. Miami remains the #1 U.S. market for international homebuyers as of 2026. Colombian buyers hold the largest foreign buyer share at 15%, with 39 consecutive months of sustained search interest. Argentine buyers follow with a 12% share, concentrating heavily in the $1 million-plus luxury condo segment. This global demand base provides a strong floor for pricing and resale liquidity.
What neighborhoods offer the best new construction luxury homes in miami right now?
Brickell leads with the most active pipeline, including 619 Brickell by Nobu, The Residences at 1428 Brickell, and Dolce & Gabbana Residences. Edgewater is emerging as the design-forward alternative, led by Lilli and Missoni Baia. Coconut Grove offers boutique waterfront luxury with Four Seasons Private Residences. Each neighborhood offers a distinct lifestyle — urban sophistication, bayfront serenity, or historic charm — but all share the same fundamental driver: extraordinary new construction at a moment when prime land is running out.
Conclusion: the window is now
The velocity of announcements in Miami's luxury new construction market in the first half of 2026 is not a coincidence — it is the result of years of migration, investment, and infrastructure building converging at a single moment. The Nobu tower launching at $60 million per unit. Lilli claiming one of Edgewater's last bayfront parcels. Four Seasons breaking ground in Coconut Grove. Developers spending $200 million to buy out a single building so they can build something better.
Each of these stories tells the same truth: the window to acquire new construction luxury homes in Miami at today's prices is finite. The land is running out. The demand — domestic and international — shows no sign of retreat. And the quality of what's being built has never been higher.
Whether you're drawn to the Brickell luxury condos of a Nobu-branded skyscraper, the wellness-focused waterfront living of Lilli, or the boutique intimacy of Four Seasons Coconut Grove, the time to act is now — before the next announcement resets the conversation entirely.
Schedule your private consultation with our Miami luxury real estate specialists today, and get first access to the newest developments before they reach the open market.
"619 Brickell by Nobu launches sales with units up to $60M"
— The Business Journals
"OKO Group reveals plans for 53-story LILLI condominium tower at 717 NE 27th Street in Edgewater, Miami"
— Florida YIMBY
"CMC Group and Fort Partners secure $323.8 million construction loan for Four Seasons Private Residences Coconut Grove"
— Florida YIMBY
"JLL secures over $565M in construction financing for ultra-luxury condominium tower in Miami"
— JLL / PR Newswire
"Miami remains top U.S. market for international homebuyers"
— Capital Analytics Associates
