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New Construction Condos in Miami – Independent reviews

MIAMI NEW CONSTRUCTION CONDOS

3 good reasons why you would want to listen to our opinion on the best Miami new construction condos in 2024: 1. Deeper analytical market knowledge backup with propriatary software. 2. Granular ‘best line’ knowledge. 3. Nearly 20 years experience with ‘trimmed cost’ direct communication with the developers while maintaining true buyer representation. This page details all new construction condos in Miami, PLUS provides independent reviews of the best ones.

 

If you are at the stage where you simply don’t know what you are looking for? Let us make your search easier. Check out our report on the Top 10 New Condos in Miami for 2024, which details not only what by why they are the best. These are as of April 2024: 1 Mandarin Oriental. 2. Perigon 3  Four Seasons Private Residences Coconut Grove 4. Shore Club 5. Vita 6. Six Fisher Island 7 Rivage Bal Harbour, 8. St Regis Brickell  9 The Residences at 1428 Brickell 10. Cipriani 

 

Please make sure to watch our Miami New Construction Videos.

Price Lists
Price Lists

30 New Condo Reviews
30 New Condo Reviews

Top 10 Condos Ranked
Top 10 Condos Ranked

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Aventura New Condos For Sale

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Bal Harbour New Condos For Sale

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North Bay Village New Condos For Sale

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TEN ESSENTIAL MIAMI NEW CONDO CONSTRUCTION QUESTIONS

 

1. New Construction Condos in Miami Independent views – Read them here

Firstly, we have carefully and methodically analyzed ALL the New Construction Condos in Miami. We have analyzed these projects and include all the information you will need to understand them: fact sheets, floor plans, and pictures. Secondly, we have then compared and contrasted the overall Condo to each other, both at the county and local neighborhood level. We ranked these Condos in our Top 10 list and our local list: Miami Beach, Brickell, Sunny Isles, Fort Lauderdale. Finally, we have done ‘best floor plan reviews’ which reveals what we consider to be the best floor plan. 

2. Why work with David Siddons to buy your pre-construction unit

As an independent analyst who has researched, studied, reported and MOST importantly helped hundreds of buyers purchase new construction and resale Condos for over 15 years. I am available to help, partner and guide you to the best units without bias. Holding ‘super-broker’ status within the real estate community, I am one of the few agents to be hired as a consultant on the development and marketing of no less than four luxury projects over the past five years.

I understand intimately the process, strategies and legalities of new construction, and have an insiders understanding of how they work, advertise, market, legally operate and sell – both the good and bad! My experience and connections allows me to navigate my way to direct dialogue with the developer on your behalf. Advising, protecting and executing luxury pre-construction condo deals at the best prices and withe the best terms for my clients. My advanced softwares allows me to provide clear understanding of new and resale value history to client.

My Top 10 New Construction Condo Rankings enable buyers to see how any new Condo stacks up against the competition throughout Miami, and my understanding of project specifics and statistics is unmatched. Want to know more? Call me for an impartial chat at (305) 699-6392 and let me openly and freely share my knowledge with you. You can also email me: David@siddonsgroup.com or register on the calendly app for a zoom call.

3. Dangers of buying a New Construction Condo without ‘quality’ representation

Many buyers find themselves shopping around new construction on their own. Worse yet, I have seen buyers find themselves on a ‘building’ page, believing they are working with the developer to find its a third party who misinforms, misquotes or just downright lies about the facts of a project.

I am going to give you 10 reasons below of factors that we protect our clients from.

4. Is it a good time to buy a New Condo in Miami or should you wait?

This questions revolves around the more granular question; ‘Will New Condo Construction prices go up in 2024?’ From our interview with economic experts and off the back of our 2023 luxury Condo report which looked at the market performance of Q1 and Q2 2023 we expect the Condo market to rise again. In the last year inventory for resale condos have dried up and resale condo prices have risen as a result by as much as 20%. The new condo market has only shifted slightly up but we expect a significant jump in 2024 especially in light of all the ‘ground breakings’ that are due to happen.

5. How do we analyze the Buildings effectively?

Within our essential blog articles on new construction projects we can get hyper granular with line-by-line analysis and specific unit valuation. We can do this with our advanced software tool Condo Geeks as well as the most recent market statistics. This will open your peripheral understanding of unit values with cross-referenced values of units against other new units and sales records of recent Condo unit sales. We consider the uniqueness, legitimate concerns, services, views, location. Viability of delivery dates and more.

6. The Complexities of Analyzing Miami New Construction Condos

No two condos are ever the same! Luxury Condos like luxury homes are also completely unique. Underneath are detailed articles that provide independent reviews of the most desired luxury condos. We provide an analytical and unbiased opinion on the good and the bad. The advanced software Condo Geeks is worthy of your exploratory time. This tool has an analysis of the Miami Condo market over the last 15 years and can help you effectively compare NEW condo prices against EXISTING individual or group Condo prices.

7. Understanding the Neighborhood locations of the Miami New Construction Condos 

Location is everything, and even though you may understand a neighborhood there are some subtle nuisances and factors to consider. What are the elevations of the buildings around them? How elevated are the neighborhoods, and the buildings above sea level? What projects and other developments are happening around the project that could positively or negatively impact your purchase? The developers are unlikely to talk about some of these, especially if it does not suit them! Here is one example: People often consider ‘walkability’ around new condos. They view and understand Beachfront condos from the street but don’t consider it from the other side. More frequently, Beachfront condo owners will use bikes and electric bikes to go grab a coffee. The beach walk and boardwalk are much prettier and safer than being on the street. So ‘Bike ability’ is actually functionally valuable in many condos!

Neighborhood performance is also something we study closely. The ability of Coconut Grove to remain stable and appreciate so well, when other markets have done the opposite has a lot to do with the profile of its Condo owners. Primary and long-term owners with a low amount of renters have made this market extremely bulletproof.

8. Keeping updated on New Construction Condos in Miami

We update the page regularly with new videos, images, and information on the progress of projects as they happen. As always, please call me directly for a one-on-one conversation about the New Construction Condo market in Miami. Our 15 years of experience selling new condos make us the ideal partner when choosing the right product, both in terms of lifestyle and economics. Don’t forget that you can click the side ‘video library’ link, which will reveal videos on all the projects.

9. Overall Miami Real Estate Trends and New Condo Trends – Is it the right time to buy?

Unsurprisingly language about buying a new construction condo can seem somewhat sycophantic! As we take the role of a group who plays the ‘long game’ we will not try and sell you a new Construction Condo just because you ask about it. There are certainly some condos we like but equally, there are some that we will steer you clear of! Even if this means that you don’t buy anything at all. We would rather keep your business long-term and greatly value our reputation as exceptional agents. Additionally, we will never expect you to take a blind leap of faith. Our data and analytical skills are good enough that we can give you the confidence to make the right decision without having to blindly trust us.

We have been studying the Miami real estate trends for over a decade and have produced over 100 reports! When you do this, you learn in detail not just what the demographic likes but what does well and why. Furthermore, over a long enough period, you see patterns emerging, and the observation of changes in the micro and macro markets helps us predict and forecast the future success or failure of a project. History does not necessarily repeat itself, but it definitely rhymes!

10. Questions and Answers We try to answer them all… 

If you don’t find the answers to what you want above, please look at our Q and A section below. We try and answer as many questions as possible and will add to these every month as we see the need. To ask a question or discuss a project call me at (305) 508.0899 Or email me directly: click here. Read our detailed article on the Best New Construction Condos and watch the video: click here.

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FAQ

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 2024 

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. For more information about our top 5 of the best new construction condos in Fort Lauderdale, click here.

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!

4. Where can I find the best articles to help me dive into Floor plans and prices on New Construction Condos?

Right here! If you are in the market for a new construction condo in Miami, look no further than our articles for the most expert advice. Our ‘best blogs answer questions such as “Is this the best new condo in Miami?”, or “What is the best floor plan at St Regis in Brickell?” We Give investment advice on everything you need to be careful about when buying a new condo in Miami. Lastly, We are professionals with over 15 years of experience. We help clients recognize the difference between real quality and just slick marketing! Click on any Condo and it will take you to a page all about that Condo with floor plans and comparable independent analysis.

5. Does it benefit me to Consider a Condo with a 'Brand Name' as opposed to a non-brand name?

One of the biggest challenges that face the new construction condo market is the construction that leans heavily on brand names. We explore in our articles the value of hospitality brand names against non-hospitality brands and the perceived against ‘true’ economic value to consumers in the resale market! If you consider the hospitality brands such as Four Seasons, Ritz Carlton, or St Regis you should consider that historically hospitality brands outperform non-hospitality brands by 134%!

On the other hand, we have studied non-hospitality branded Condos across Miami and have found that historically there has been an upsell on the ‘brands’ name, which once the product hit the resale market did not translate. In short, the unit values dropped against an unsubstantiated product that had no bearing on the true benefit. No amount of slick marketing is going to make up for poor floor plans and mismanaged service. Brand misdirection has happened in the past. It can and will likely happen again!

 

These two articles might be interesting to read. Although it mentions mostly Miami examples it is accurate for West Palm Beach as well.

Branded Miami Luxury Condos – Brand or Bust?

The Ultimate Ranking of Miami Luxury Condos

6. When is the best time to get a deal on new construction Condos?

Should I buy right at the beginning of a project, right at the end of the project, or does it not make any difference at all? As part of our group, we have access to all the new construction condos in Miami, and the David Siddons Group is often the first to be invited to these new projects. This relationship allows us to share the standard developer information and to write articles from our expert perspective. Please go to the individual condo pages and click on “Prices”  in the attached file to receive the latest prices. Because of our track record we will get advanced notice of new projects before the masses. This is when you typically get the best deal. Call me to get details of the newest projects. Some of which wont even be detailed anywhere on line! Call me direct on : 305 508 899 to discuss.

7. How do I effectively compare new Construction Condos?

We are continuously comparing new Miami condo buildings with others. Whether they are new construction or just CO‘d condos for sale. Additionally, we often write blog articles comparing the value, floor plans, finishes, and uniqueness of new construction condos in Miami. Lastly, As independent realtors, we can evaluate each condo and give you unbiased investment advice on all projects in Miami. We have a good number of independent reviews, and we also combine this with our analysis software Condo Geeks. See Question 8 below!

8. What software can I use to analysis the Condo Market?

As part owner and partner of Condo Geeks, condo analytics tracks the performance of individual condos over the last 15 years. Here at DSG we Effectively compare new condos with the best existing condos in any neighborhood. We heavily recommend you refer to this software before making your final decision!

9. Will I get a better deal by buying a new Construction Condo over a current resale Condo?

It is generally understood that you should be getting a better deal when purchasing a new construction Condo. Giving the time it takes to build a new Condo there should always be upside. The best way to understand how much of a deal you are getting is to work with us and use the Condo Geeks tool which will show you the performance of all the existing Condos in the market.

10. Do I need to be 'in town' to put down a reservation on a unit?

Actually, new construction or pre-construction Condo purchases are one of the few times where we see buyers NOT always coming into town to buy a unit. Because we have all information online, Zoom Calls can be arranged with developers and you can get very much or identically the same sense of understanding whether you are here or not. We also have an in-house videographer who can go to any project and take drone footage to show views, elevations, and other important visuals of the neighborhood.

11. How much should I expect to put down when buying a new construction Condo in Miami or Fort Lauderdale?

Typically the developers will want a total in escrow of 20% at the Contract. This is followed by another 20% – 30% over the course and by the time the building is completely finished and built. This leaves the rest (50% typically) at closing. The initial deposit received is usually 10% and this is called a ‘Reservation Deposit’.

12. How do I finish my New Construction Condo Unit?

We are also partners with Design Solutions. Design Solutions is the best at finishing new construction condos in South Florida! Please check my podcast interview with the owner: Luciana Fragali.

Is it a good time to buy a new Construction condo in Miami in 2023?

According to both the head of FIU Hollo School, Craig Studnicky from ISG Related (Watch our podcasts with both men) and our own research, Miami has a severe shortage of newer Condo product. The market rose 20% between 2022 and 2023 and the new build prices are now behind many resales. In short, yes. It is an excellent time to buy a new Condo. Perhaps the best time we have seen in 10 years to do so.

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