The Ultimate Ranking of Miami Luxury Condos

Ranking the Top-Performing Miami Luxury Condos

If you’re searching for a luxury condo in Miami, navigating the extensive market and deciding where to begin can be challenging. Beyond individual preferences, people are interested in identifying condos that demonstrate superior performance and are likely to appreciate over time. I have sold and studied the Miami luxury condo market for over 15 years. In addition, I have developed our own condo analytics software to monitor both overall market performance and the performance of each specific condo. This article aims to explore the hierarchy of the Miami condo market and shows which condos to focus on.

We have divided the Luxury Condo Market in Miami into 5 groups, which will be discussed below.

Hierarchy in the Miami Luxury Condo Market

5. The Average Luxury Condo Market (The more Generic Product)

4. The luxury branded condos

These are the condos that have a brand name attached to it. This can be good or bad for the condo. In some cases, the brand attached is from an industry that has little to nothing to do with the hospitality or services industry. In this case, it can give a sense of misdirection and an often misguided perception that the prestige of the brand will automatically translate into the prestige of a condo. The truth is that a brand from the fashion industry (to give an example) does not necessarily add value to a condo. It makes it more glossy and provides for excellent marketing but does it really add value to the condo? A condo should be able to stand on its own merit, based on good floor plans, trustworthy developers, or world-class finishes.

Not all branded condos have performed in the same way. For logical reasons, I will not discuss here which branded condos have performed well and which have not. Therefore please pick up the phone and give me a call.

3. Luxury Condos by Established Developers.

These are condos without a brand new but developed by a team/developer with a superb track record. Think of Terra or Ugo Colombo (to name a few) who have created high-performing condos such as Eighty Seven Park and Park Grove. These developers are known to provide what they promise on time without cutting corners. Their condo product targets end users, with well-considered floor plans and top-notch finishes.

2. Hospitality Branded Condos

These represent some of the most successful luxury condominiums in Miami. Typically, they are the result of collaboration between top-tier developers and architects. The teams and renowned brands associated with these condos have reputations to uphold, ensuring a commitment to excellence. In contrast to many other projects, these brands actively manage and maintain the condos, preventing any compromise on quality or the delivery of top-notch services by the development team. Examples of such luxury condos include St. Regis, Aman, Ritz-Carlton, and the Four Seasons.

1. Right on top of it all: Hospitaly Branded Condos with a Hotel Element

The epitome of excellence. These are hospitality-branded condos that integrate an actual hotel component into the project. It is crucial to clarify that we are not referring to hotel condos that merely offer units for sale for use in a hotel program. Instead, we are highlighting projects where, in addition to a residential tower, a separate hotel tower is present on the premises. Examples of such developments in Miami include the Four Seasons Surfside, Faena House Miami Beach, Estates at Acqualina Sunny Isles, and the recently introduced Mandarin Oriental Residences. These condos stand out as top performers, providing an ultra resort-like experience akin to visiting the world’s finest hotel brands. In addition to the advantages mentioned under number 2, these projects are often situated on expansive pieces of land, offering breathtaking views and the finest amenities.

Conclusions

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