The Best New Construction Condos in Miami with A $2M-$3M Budget
We’ve authored numerous articles spotlighting the finest new construction condos in Miami. However, none of our previous pieces delved into the specifics of budget considerations. Due to the high volume of inquiries from prospective buyers with budgets ranging from $2 million to $3 million, we’ve decided to address this topic in a dedicated blog post. With this budget, you are most likely to focus on the Brickell and the greater Downtown area. You will also have access to the beach albeit not oceanfront projects.
Below, you’ll find a curated selection of the top condos currently available within this price range. It’s important to note that this article serves as an initial guide to help you better understand what’s attainable within your budget. If you’re eager to explore a comprehensive list of condos within your preferred neighborhoods, we encourage you to reach out to us directly. We trust you’ll find this article informative and enjoyable to read. Additionally, we invite you to peruse our concluding thoughts and gain insights into why collaborating with us can be advantageous when embarking on your journey to purchase a new condo in Miami. For more detailed information about each condo, we’ve included convenient links within the table and beneath each section.
The Best New Construction Condos in Miami with A $2M-$3M Budget
The Cipriani Residences are poised to infuse a touch of Venetian elegance and top-tier hospitality into the vibrant Brickell neighborhood. Nestled in the southern part of Brickell, this development offers spacious floor plans featuring 1-4 bedrooms, with the smaller units thoughtfully including a den. Each residence boasts lofty 10-foot ceilings, gracefully curved lines, and bespoke finishes and furnishings. The extensive millwork and inviting wood tones envelop the entire building, from the grand entrance lobby to the kitchen cabinetry within each residence. It’s worth noting that Cipriani enjoys a tranquil location in Brickell, yet remains conveniently close to all the action. Furthermore, history has shown that hospitality-branded condominiums have consistently outperformed their non-branded counterparts. For additional information, please refer to our impartial review.
The Residences at 1428 Brickell | A 2 -Bedroom plus Den
1428 Brickell will exclusively feature 189 residences. All homes will have east exposure, while some will also wrap around terraces toward the western portion of the building. The project will not have one-bedroom residences, instead, it focuses on end-users and large 2-4-bedroom residences. The residences at 1428 Brickell Ave are ideally located in the South part of Brickell. Close to all the actions but secluded enough for tranquil living.
The RIGHT buyer for this project is: looking for larger floor plans, places high-level finishes as a priority, and wants a more boutique experience without sacrificing amenities and services. 1428 is all about finishes, marketed as a project that will deliver finishes never seen at this level before. The project offers 2-4 bedroom units, starting at 1,800 SF, including duplexes. We have written several articles that are worthwhile reading.
La Maré Residences is an exclusive collection of two boutique residential buildings from Kobi Karp Architecture featuring expansive, light-filled modern living spaces and luxurious amenities—including private marinas—offering a singular waterfront lifestyle and a true sense of home in the Bay Harbor Islands.
With $3M you enter the Signature Collection, which is an 8-story tower with just 9 residences, all featuring bay views. The Residences offer 2- to 4-bedroom floor plan layouts ranging from 2,100 to over 4,200 sq. ft. What is unique about this project is that they have boat slips available for vessels up to 55ft. If you are looking at new Construction Condos in Miami with A $2M Budget, this is a good condo to be looking at.
The Edition Residences is a brand-new luxury condo in the Edgewater neighborhood. Located on a waterfront lot this 55-story glass tower rises 649 feet along Biscayne Bay and offers 185, full-service one to 4 bedroom residences. Signature Design by famous Bernardo Fort-Brescia, Principal of Miami-based architecture firm, Arquitectonica. Given its branded name you won’t be surprised that this condo is managed and operated by EDITION Hotels.
Five Park is situated at 500 Alton Rd in Miami Beach, just a stone’s throw away from the prestigious South of Fifth neighborhood. This location combines a 48-floor residential building with a sprawling three-acre public park. The addition of tasteful retail spaces and the construction of an art-inspired bridge further enhance the South of Fifth community, creating a highly walkable oasis surrounded by pristine waters.
The condominium offers a range of amenities that prioritize a high quality of life and overall wellness. These include on-site workspaces, meticulously designed fitness facilities, pools boasting sweeping vistas of the Florida coastline, dedicated spaces for events and family gatherings, and units designed to cater to your every requirement. All of these elements invite you to embrace the transformative potential of a place like Five Park. The project is slated for completion in the first quarter of 2024.
The larger residences will be situated from the 27th floor and above. Below the 27th floor, the building will house smaller 1-3 bedroom units, each with a separate elevator entrance. These are the condominiums featured in this blog.
The 05 Line at Five Park | A Two Bedroom overlooking the Bay and Ocean
2 Bedrooms / 2.5 Bathrooms
Covering the northern tip of the condo overlooking the Park, Ocean, and Bay
In 2026, the Downtown area will welcome Casa Bella, a development offering residences ranging from 1 to 4 bedrooms. This project is the result of a collaboration between highly reputable figures in the Miami real estate scene. The Terra Group is responsible for the development, Arquitectonica handles the architecture, and Lissoni Partners oversees the design—names associated with previously successful projects. At Casa Bella, all residences are equipped with two private elevators and a private vestibule. Most units feature spacious pass-through layouts, boasting impressive 10-foot ceilings and captivating views of Biscayne Bay, the downtown Miami skyline, and magnificent sunsets to the west. With a $2M-$3M budget, you can get into a higher floor, southeast-facing corner residence.
The Residences at Twenty-Nine Indian Creek feature condos and townhomes as part of a restoration project for a 1930s Art Deco building on the site. Designed by Urban Robot, these residences will be move-in ready with private terraces. The boutique condo will offer a rooftop pool, outdoor shower, shaded daybeds, lounge chairs, a summer kitchen with BBQ, and a dining area. Each owner will also receive a Faena Rose Membership.
David’s Conclusions on New Construction Condos in Miami with A $2M-$3M Budget
The $2M-$3M range starts offering some good quality, higher floor 2 or 3 bedroom units. In some of the projects you might even get a corner residence. What is ultimately your best option depends on the precise budget and your preferred floor plan. Please give me a call to discuss what you are looking for. As mentioned, I have not only been to these projects but toured them with clients and studied the floor plans and other variables. You will notice that ‘beachfront’ new construction does not come under $3m at all in Miami. It may be possible to get new construction beachfront by moving North into Broward, but most likely you would have to focus on older Condos for this budget.
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. Our group is not limited to just one project and is 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 will compare prices with other new and resale condos. There are subtle nuances when it comes to buying pre-construction and therefore you must 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.
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These are the most commonly asked Google Real Estate Related questions
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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