Monad Terrace Miami Beach | Is this the Best Condo in Miami?

Is Monad Terrace in Miami Beach the Best Condo in Miami?

This article and our other associated articles will endeavor to answer the question: “Monad Terrace Miami Beach, is this the best condo in Miami?”. We show you the numbers and combine this with our social narrative. Our analysis of the building will break down the superiority of this building over others and provide enough data and information to help buyers recognize that we are truly analytical experts in this market with the optics that make us an essential partner when looking to buy.

Introducing Monad Terrace in Miami Beach

Monad Terrace is the only luxury condo development in South Beach. This is a building by Pritzker-award winning French Architect Jean Nouvel. The developer behind this project is renowned JDS, the big name behind 111 West 57th in NYC. This is the level of construction and finish one can expect at this project as Miami is raising the bar when it comes to luxury condo development.

The project is located just off West Avenue in South Beach, which means we are dealing with different kind of views than the views we are used to when dealing with developments on the Beach. Just like the Ritz Carlton Residences this condo is not located on the sand but on the western part of Miami Beach overlooking the Bay, the Islands and the Miami skyline.

Monad Terrace is located between the two hotspots of South of Fifth and Sunset Harbour. Sunset Harbour is really a small neighborhood by itself with trendy restaurants, bars and shops, which are very desired by locals.

Monad Terrace Miami Beach | Is this the Best Condo in Miami?

How Does Monad Terrace in Miami Beach Stand Out?

Besides this project being the only new project selling right now in South Beach, its architecture is truly one-of-a-kind. Creating what Nouvel has dubbed “the reflection machine”, Monad Terrace’s unique honeycomb sawtooth façade captures, diffuses, and reflects incoming light, simultaneously framing views and providing privacy.

The water views, although not ocean facing, allow for spectacular vistas over the bay, the Islands and Miami Skyline. Just one line does not offer water views, which is an east facing 2 bedroom unit. The rest of the units are either located on the west with unobstructed bay views or are located on the sides of the condo and still allow you to see the water, because of its unique architecture. These bay and city views are of course enjoyable during the day and the night, something that isn’t the case with ocean views.

Architecture, design and style are nothing without execution. The execution of this project is done to perfection. These units are fully finished. This means you do not need to add 10% to 15% to the sales price to hire a designer and to built the entire unit out.

Comparing the Prices of Monad Terrace with other luxury condo projects in Miami Beach

Monad Terrace offers 59 residences, which are all very different starting at $1.3M for a 2 bedroom with east exposure and 1,453 SF under air. (The only floor plan in the building with purely east views). Then there is a larger 2 bedroom plus den with 2,282 SF under air listed at $2,350,000. This is $1,030 per SF.

While the entrance level starts around $1,000 per SF, the blended average for current units for sale is $1,430 per SF (Average asking price per SF not the sales price). Penthouses are listed on average for $2,330 per SF. For units with water views expect to pay more like $1,400 per SF and up.

Monad Terrace Miami Beach | Is this the Best Condo in Miami?

*Based on listing prices instead of sales prices

Is Monad Terrace the Best Condo In Miami?

As mentioned before Monad Terrace is located on the west side of Miami Beach (less touristic than being right on the sand) overlooking the Bay and the Miami skyline. This condo is being developed and designed by a top team and its architecture is one-in-a kind. If you are looking for very high levels of finishes, equal to New York’s most luxurious condos then this is a save bet. If you are relocating and are looking for a sizable unit on the water or with water views other than ocean views than this might be a good pick for you. Finally, at $1,430 per SF (average asking price per SF without the penthouses) this condo is one of Miami’s most affordable new luxury condos. Furthermore these units come fully finished, so they are ready to move in without any additional costs (besides the personal touch you would like to add to your unit).

For more information on Monad Terrace in Miami or for a more in-depth review of prices and features please contact the David Siddons Group today

David Siddons | David@siddonsgroup.com | 305.508.0899
Stefania Cambarau | Stefania@siddonsgroup.com | 305.965.1232

David Siddons is a top producing realtor and director of luxury sales with Douglas Elliman real estate. He is known as a market analyst and the author of many of Miami’s most influential real estate reports and forecasts

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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