Kendall New Construction Homes: A Developer’s Playbook for 2026

What the 2025 Market Rewarded and What Works in 2026

Kendall’s luxury market is no longer driven by optimism or timing—it is driven by alignment. Homes are trading only when price, product, and buyer expectations are in sync. Buyers are no longer stretching because inventory is tight; they are acting decisively only when value is clear and pricing holds up against nearby competing markets.

In 2025, 191 transactions closed above $1.5M across Kendall’s high-end residential market. Rather than focusing on record prices or isolated wins, the more useful exercise is identifying which sales best explain buyer behavior—where premiums were paid, where pricing was resisted, and what characteristics were truly rewarded. Those signals now define what will, and will not, work in 2026. Three sales in particular provide a clear framework for how developers should think about Kendall going forward.

The 3 Sales That Best Explain What Worked for  Luxury Kendall New Construction Homes in 2025

These sales matter not because they were the highest, but because they offer the clearest signals.
*(33176, 33173 & 33186 | Analysis)

1. 8998 SW 108 St

New Construction | Market Ceiling Sale

• Sold Price: $5,000,000
• Year Built: 2025
• Living Area: 4,679 SF
• Lot Size: 30,358 SF
• Price per SF: ~$1,069
• Sale-to-List: ~94%

This sale matters because it established the highest executed price per square foot in the entire dataset, confirming that Kendall can support true luxury pricing—but only under very specific circumstances. The buyer was willing to pay a premium not simply because the home was expensive, but because it delivered exactly what today’s high-end buyers are seeking: brand-new construction, modern luxury execution, a large and private lot, and a high level of precision in both design and finish.

At the same time, the home did not trade at its asking price, which reinforces a critical reality developers must internalize. Even at the top of the market, Kendall remains governed by pricing discipline. Buyers will stretch for exceptional quality, but they will not suspend judgment.

The takeaway for developers is clear. This sale defines the upper psychological ceiling of the market, not a repeatable baseline. Kendall will reward truly outstanding product, but it will still correct aspirational pricing when expectations move ahead of value.

2. 10331 SW 62nd St

Estate Lot + Newer Construction | Cleanest Execution

• Sold Price: $5,000,000
• Year Built: 2023
• Living Area: 5,868 SF
• Lot Size: 49,223 SF
• Price per SF: ~$852
• Sale-to-List: 100%

This sale stands out as the cleanest execution in the entire dataset because the buyer wasn’t simply purchasing a home—they were purchasing scarcity. The value was not driven by novelty or speculation, but by a rare combination of estate-level land, newer construction, and clear positioning that felt intentional rather than aspirational.

With nearly 50,000 square feet of land, true estate-scale presence, and modern construction, the property delivered something Kendall buyers almost never see. As a result, the buyer showed zero pricing resistance and paid full asking price—an unmistakable signal of confidence and perceived value.

The lesson for developers is straightforward. When newer construction is paired with genuinely rare land, Kendall buyers act decisively. Scarcity combined with strong execution compresses timelines, removes negotiation, and creates pricing certainty.

3. 11220 SW 95th St

New Construction Benchmark | Realistic Exit Reference

• Sold Price: $4,510,000
• Year Built: 2025
• Living Area: 5,943 SF
• Lot Size: 38,463 SF
• Price per SF: ~$759
• Sale-to-List: ~96%

This sale isn’t about headlines or record-setting numbers, it’s about establishing reality. It reflects a large, well-executed new construction home on a meaningful lot that traded at a price the market viewed as fair, executable, and rational.

Rather than relying on emotional premiums or edge-case outcomes, this transaction shows where buyers are consistently willing to transact. From a development and underwriting standpoint, it serves as the most reliable benchmark in the dataset—more actionable and repeatable than higher-priced outliers that depend on perfect conditions.

What the Market Is Clearly Rewarding

Across these three transactions, the signal is consistent and unmistakable. New construction commanded the strongest premiums, lot size materially amplified value—especially above 40,000 square feet—and pricing discipline held firm even at the top of the market. Buyers paid for scarcity and execution, not excess square footage or aspirational pricing.

These outcomes aren’t theoretical. They show exactly how Kendall’s luxury buyers are making decisions—and where capital will, and will not, be rewarded in 2026.

Where Developers Should Focus in 2026

The most reliable opportunity lies in building for executable exits, not theoretical ceilings. Modern new construction priced within proven PPSF ranges—particularly in the $2M–$4M tier—continues to offer the deepest buyer pool and the cleanest outcomes.

Land remains the primary value driver. Larger lots provide pricing insulation, compress timelines, and reduce negotiation when paired with strong architectural and interior execution. Ultra-luxury pricing is achievable, but it is selective, not scalable. It only works when land, design, and positioning clearly justify comparison to adjacent higher-end markets.

2026 is not a year for speculative optimism. It is a year for precision.

Final Perspective

Kendall’s luxury market isn’t hard to read—it’s specific. The 2025 sales make that clear. Buyers rewarded proper execution, real scarcity, and disciplined pricing, while allowing aspirational pricing to quietly correct at the point of sale. This isn’t a market breaking down. It’s a market filtering. Well-positioned homes are still trading cleanly. Everything else is waiting. The market has already made its preferences known. Now it’s time to build accordingly.

Connect with the David Siddons Group

If you want to know more about the Kendall Real Estate Market or Kendall New Construction Homes please call us at 305.508.0899 or schedule a meeting via the application below.