Cipriani Residences Brickell

Independent Review of Prices, Floor Plans, and Location

This article was written with the purpose of independently reviewing the residences at the Cipriani Residences Brickell. Reviewing not just against the other top new construction Brickell Condos and existing Brickell Condos but against all others new condos in Miami. Cipriani is a luxury hospitality brand I have gotten to know well over the years. I sold half a dozen units at the Mr C Coconut Grove project which completely sold out. In addition, I  have reviewed all other hospitality brands and come to understand how they operate as well as their performance. I went to the sales office and met with key members of the development team. Reviewed prices and floor plans as well as closely reviewed their projected timelines. I got to understand their financial situation and scrutinized their finishes. This is what I discovered.

As always, whether you are reading in detail or skimming for information. Enjoy the article and don’t forget to read my conclusions at the end!

1. Access to Prices, Floor Plans and Rankings

Download Prices, Floor Plans and Drone Tour
Download Prices, Floor Plans and Drone Tour

Top Units for Sale at Cipriani

Click on the pictures to see all the details and renderings.

Unit 7501 | 4 Bedrooms | 3,495 SF | $7,068,900

Unit 6301 | 4 Bedrooms | 3,495 SF | $6,510,900

Unit 7303 | 2 Bedrooms  + Den | 2,018 SF | $3,806,900

Unit 6502 | 2 Bedrooms  + Den | 2,018 SF | $3,816,900

Introduction to Cipriani Residences Brickell

This assessment provides a comprehensive evaluation of the lifestyle quality and value associated with Cipriani. It represents just one of the numerous independent reviews we provide for newly constructed condominiums throughout Miami.

Article Overview:

  1. Direct Access to Floor Plans, Renderings, Prices and Condo Rankings
    • Top Units for Sale at Cipriani
  2. The Value Behind the Hospitality Brand
  3. Preferred Location in Brickell. The Importance of being on the south side of Brickell
  4. Review of the Floor Plans of the Cipriani Residences Brickell 
  5. Review of the Finishes
  6. The Economics of the Building: Comparing its prices to other Brickell New Construction Condos as well as resale condos
  7. Who this condo is NOT for and what possible alternatives.
  8. A table with our top 10 Condos of 2023-2028
  9. Conclusions and advice
  10. Why work with us?

2. The Value Behind the Hospitality Brand

Cipriani Residences Miami is built with the resident in mind, given its array of concierge-centric lifestyle services. The tower will have a designated Director of Residences with a list of premier services tailored to ultimate residential living. The Cipriani family integrated the prestige of their hospitality brand to flourish in each aspect of the tower, from their in-house dining and catering services to re-creating the treasured moments from Harry’s Bar from 1931 on the building’s 37th floor, exclusive to Cipriani residents and their guests.

If you have dined at one of Cipriani’s locations, you know how deeply rooted they value premier service to their guests. All of the building’s staff will undergo training by Cipriani, which is essential to note as service is at the building’s forefront. We have seen how brands can either help or hinder the ultimate success of a project. Below you will see a chart showing how hospitality brands outperform unbranded condos by 123%. This graph demonstrates the importance of acquiring a condo with a reputable brand that embodies prestige, not just a “luxurious” label.

Read our article ‘The top five performing Condos of 2018-2023’. It is absolutely critical to read this article to understand how beneficial it can be to buy into a hospitality brand condo!

Cipriani Residences Brickell Miami

3. Preferred Location in Brickell

Brickell spans the southeastern corner of the mainland for those who might be new to the neighborhood. The preferred pocket of Brickell is known as South Brickell. This southern location makes it significantly easier to maneuver through without traffic. Given its bustling behavior, Brickell usually experiences traffic towards the northern portion of the area due to the rising bridges. 

South Brickell is also known to covet a more residential profile than the heart of Brickell, which is more commercial and, therefore, more transient. Cipriani Residences will be located at 1420 S Miami Avenue, which has a higher elevation than other lots in Miami and is outside the flood zone areas. It is important to note that the residences will still be within walking distance to the Financial District as it is only one block away from Brickell Avenue (Miami’s version of Wall Street).

More than 40+ businesses publicly announced their expansion into Miami. Most of these businesses will base themselves throughout the Urban Core (Brickell, Downtown, Edgewater, and Wynwood) with a predominant focus on relocating to Brickell. You can click here to view our latest interview with one of Miami’s leading commercial firms.

4. Floor Plans of the Cipriani Residences Brickell 

Floor plans are well-considered, large, and clean. We have seen developers across South Florida shift towards creating more expansive floor plans. Many one-bedroom residences include a den suitable for an at-home office or potentially reconfigured to a second bedroom. Cipriani is no exception, as the smallest floor plan starts at 1,194 SF interiors, equating to a one-bedroom plus den. Cipriani Residences will deliver its units with three flooring types and kitchens featuring wine refrigerators, European cabinetry, and Wolf Sub-Zero appliances. Please note that closets and window treatments are not included. Finally, some units will have separate laundry rooms and service quarters. A unique feature for many Brickell condos.

Cipriani is not a bayfront property; therefore, if you are in the market for water views, we recommend selecting a unit above the 45th floor (as it will surpass any nearby buildings). We suggest visiting our other independent reviews of bayfront projects if you are in the market for a bayfront property. St. Regis Brickell and The Edition Residences in Edgewater are bayfront projects in the Urban Core. 

Our cherry-picked residence is the 01-line unit above the 62nd floor. This unit spans East to West, cutting through the southeast corner of the building. It stands as a four-bedroom 4.5 bathroom unit with 3,500 SF interiors. Uniquely enough, the terrace wraps around 1,112 SF, almost the size of a one-bedroom unit in the building. The terraces in the building run about seven to ten feet in depth.

The Floor plans of Cipriani Residences Brickell

5. Quality of Unique Finishes

The finishes at Cipriani Residences set a different tone than we have seen in the general new construction market. Given the extensive millwork and warm wood tones, you will feel a greater sense of warmth and grandeur throughout the building, from entering the grand lobby to the residence’s kitchen cabinetry. Although one can customize the finishes in their units, the quality of the interior design throughout the common spaces will be unique compared to other projects. 

London-based interior design firm 1508 London will lead the interiors for Cipriani Residences. The design firm, which holds an extensive portfolio predominantly in Europe, will showcase its European charm as this marks its first design project in Miami. The firm has already launched its footprint in the US by representing the Mandarin Oriental Residences in Beverly Hills, California. 1508 London ethos is “inspired by history, geography, and architectural vernacular,” which is a sure way of avoiding any style-driven or trendy design concepts. 

Cipriani has a strong gastronomic legacy, and the kitchens inside the residences are meticulously designed for the resident who cherishes a sleek yet functional kitchen. The kitchens will have significant storage since the cabinetry will run to the top of the 10-foot ceilings. The kitchens will feature Wolf and Sub-Zero appliances and a wine refrigerator. (Residents can select their preferred design from three types of European cabinetry).

Units come finished with floors, and residents can select from three types of floors. These floor pieces will be 24×48 inches.

6. The Economics of the Cipriani Residences Brickell 

At $1,575 per SF, Cipriani offers a very competitive price in the pre-construction market. The top resale buildings in Brickell include Four Seasons ResidencesEcho BrickellSanta Maria, and Brickell Flatiron. The average closed price per square foot in the last years for these condos is closer to $1,000 or $1,100 per SF. 

Although Cipriani prices are higher than the resale market in Brickell, competing top buildings are hard to compare. These condos are either older or carry a higher density of units than Cipriani. In addition, the 3,500 SF floor plans offered by Cipriani are a scarce product in Brickell and for that reason carry a higher price tag. Brickell does not currently hold many ultra-luxury buildings. Therefore, this tower will be in its league, similar to St. Regis Brickell. Additionally, the highest-priced units are the 01 line units. As mentioned, they offer 1,112 SF of terrace space. In the price per SF, we do not calculate the exterior SF. In single-family homes, we often use the adjusted squared foot. This means you take one-third of the terrace as actual value, 370 SF in this case. If we do this for our preferred 01 lines, the asking price will lower by $170 per SF. That is a significant difference.

7. What do we NOT Like about Cipriani Residences Miami?

Not all condos will fit every type of buyer, and this would not be an independent review if we did not mention some of the features we do not favor.

  • Cipriani Residences Brickell can be rented out twice per year for a minimum of 30 days. This might attract many investors and fewer end-users or primary residents. If you have been following our articles, you might know we are cautious with these investor-driven condos. It does not mean this is a bad investment, but you have to understand that investor-driven condos are more volatile and less resilient than condos in which owners live all year round.
  • The condo offers several smaller one-bedroom units. This is again a sign it might be more of an investor-driven condo.
  • Cipriani Residences Miami does not guarantee bay views. Only some of the units on higher floors will offer views over the water. If you want water views, only a limited number of residences will work for you.
  • The price per SF is high. The project might very well be worth it, but we have to mention that it is trading at a high price.

Alternatives to Cipriani Residences in Brickell

  • In case you want to be near but not IN the urban core, you might want to consider Mr. C in Coconut Grove or Park Grove.
  • If you want to be in a hospitality-branded condo but do not want to be surrounded by smaller units, please consider St Regis in Brickell
  • If you want to be in the urban core and would like a lower price per SF or a condo that is already finished, you might want to consider the Four Seasons in BrickellEcho, or Flatiron

8. Our Top 10 Miami New Construction Condos

Ranking Condo Average Price per SF Start Prices Amount of Units Year Finished Score Independent Reviews Video included in review
# 10 CIPRIANI $1,575 $1,600,000 397 2027 9 Click here
# 9 THE SHELL BAY RESIDENCES $2,150 $2,500,000 108 2025 9
# 8 THE RESIDENCES AT 1428 BRICKELL $1,680 $2,500,000 189 2026 9.2 Click here
# 7 VILLA $1,650 $4,600,000 72 2026 9.2 Click here
# 6 RIVAGE $3,580 $7,000,000 60 2026 9.4 Click here
# 5 ST REGIS SUNNY ISLES $2,500 $4,400,000 194 2026 9.5 Click here
# 4 VITA $2,235 $5,800,000 65 2024 9.6 Click here
# 3 THE PERIGON $3,250 $4,000,000 73 2026 9.65 Click here
# 2 THE SHORE CLUB $5,500 $6,000,000 49 2026 9.9 Click here
#1 The Residences at Mandarin Oriental $2.600 $5,000,000 220 2028 9.9 Click here

9. Conclusions and Advice

The Cipriani residences are tailored to appeal to buyers who appreciate a quality view, although ocean or waterfront vistas are not their primary priority. They cater to individuals seeking expansive floor plans with abundant functional space. Moreover, these buyers are in search of a building that provides a top-notch level of services curated by the esteemed Cipriani family. Situated on the southern edge of Brickell, these residences offer proximity to the city’s vibrant scene without being directly in the midst of it. Those who wish to access and leave Brickell within a 10-minute timeframe will find this location ideal. The average price tag of $1,575 is also very competitive and it has been proven that hospitality-branded condos outperform all other condos. As previously noted, our preferred choice is the 01 line, especially the generously sized residences situated on the 62nd floor and above. A 3500 SF condo unit is hard to come by in Brickell.

10. Why Work with us?

We enjoy full super-broker status with most of the developments. This means we get first access to information and inventory. As super brokers, we enjoy all the benefits of having this status but by using us you still get independent advice. We are not limited to just one project and are therefore providing you with what the entire market has to offer. We provide you with the pros and cons of the location and the floor plans and we will compare prices with other new and resale condos. There are subtle nuances when it comes to buying pre-construction and therefore it is essential you work with an independent agent who has 17+ years of experience in selling pre-construction. We know the reputation of developers, we know what to look out for and we know what questions to ask.

I have sold hundreds of new construction condos and resale condos over my career. I have provided independent advice about the new condo market for over a decade and I have observed consistent patterns and trends over that time. My experience will not only guide you towards the best unit but also protect you from terrible mistakes. I challenge you to quiz me on any building in any market. I will honestly give you the good, the bad, and the ugly no matter what the cost.

Want to know more?

You can schedule a meeting with me via the Calendly link below. You can also send me an email (David@siddonsgroup.com) or call me on my cell (305) 508-0899. If you want to know more about me, read my bio.

FAQ

These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!

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