Question 1

What counts as new construction in Miami?

Accepted Answer

New construction in Miami refers to buildings delivered within the last 5 years or currently in preconstruction/under construction. This includes preconstruction (buying from floor plans), newly delivered units, and deeded reservations before completion.

Question 2

What are the benefits of buying preconstruction?

Accepted Answer

Benefits include pricing typically 15-25% below appraised value at closing, structured payment plans (10-50-50 or 20-30-50), choice of finishes and unit, and access to inventory before public release.

Question 3

What are the most notable new-construction projects in Miami?

Accepted Answer

Headline projects in development include The Residences at 1428 Brickell, Cipriani Residences, Rosewood Residences Hillsboro Beach, Mercedes-Benz Places, and Waldorf Astoria Residences — all with branded luxury hospitality services.

Question 4

What is the typical preconstruction payment schedule?

Accepted Answer

The traditional Miami payment schedule is 10% at signing, 10% at construction start, 10% at top-off, 20% at delivery, and 50% at closing. Some developers offer alternative structures with lower carrying payments.

New Construction

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