The Best New Construction Condos in Miami with A $3M-$5M Budget

The Best New Construction Condos in Miami with A $3M-$5M Budget. We have written several articles highlighting the most exquisite new construction condos in Miami. Given the substantial number of inquiries we’ve received from prospective buyers with budgets spanning from $3 million to $5 million, we have chosen to dedicate a blog post to this topic.

Below, you will discover a handpicked selection of the finest condos presently on the market within this price range. It’s worth noting that this article serves as an initial guide, providing insights into what you can realistically achieve within your budget. If you’re eager to explore a comprehensive list of condos situated in your preferred neighborhoods, we encourage you to get in touch with us directly. We are confident that you will find this article both informative and enjoyable to read. Furthermore, we extend an invitation to explore our concluding thoughts, where you can gain valuable insights into the advantages of partnering with us as you embark on your quest to acquire a new condo in Miami. For more in-depth information about each condo, we have thoughtfully included convenient links both within the table and beneath each section.

Cipriani Brickell | A Large 3 Bedroom Corner Residences on a Higher Floor

The Cipriani residences are tailored to appeal to buyers who appreciate a quality view, although ocean or waterfront vistas are not their primary priority. They cater to individuals seeking expansive floor plans with abundant functional space. Moreover, these buyers are in search of a building that provides a top-notch level of services curated by the esteemed Cipriani family. Situated on the southern edge of Brickell, these residences offer proximity to the city’s vibrant scene without being directly in the midst of it. Those who wish to access and leave Brickell within a 10-minute timeframe will find this location ideal. The average price is also very competitive and it has been proven that hospitality-branded condos outperform all other condos. As previously noted, our preferred choice is the 01 line, especially the generously sized residences situated on the 62nd floor and above. A 3500 SF condo unit is hard to come by in Brickell. The building will feature 397 large, 1-4 bedroom residences. All the one- and two-bedroom units will have a den. One of the Best New Construction Condos in Miami with A $3M-$5M Budget.

We have written an independent review of the Cipriani Residences and a vlog/blog on the best floor plan.

Cipriani #4801

• 3 Bedrooms / 3.5 Bathrooms
• Corner Residences facing the SouthEast (Bay views)
• 2,077 SF Interior
• 656 SF Exterior (Wrap-around)
• Unit 4801: $3,542,900
• Floor Plan

The Residences at 1428 Brickell | A 2 BedroomDuplex Unit or 3 Bedroom Corner Residence

The building 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. One is our independent review and one vlog/blog that analyzes the Best Floor Plan at 1428 Brickell.

Duplex B Line Unit

• 2 Bedrooms / 2.5 Bathrooms
• Bay Facing Duplex Unit
• 2,314 SF Interior
• 730 SF Exterior
• 2 Sunrise (Bay Facing) Terraces
• Summer Kitchen
• Two private elevators
• 11′ ceiling heights
• Unit 2403: $3,528,90
• Unit 4203: $4,020,900
• Floor Plan

Residences C South

• 3 Bedrooms / 3.5 Bathrooms
• Den
• Southeast Facing Corner Residence
• 2,756 SF Interior
• 977 SF Exterior
• Sunrise and Sunset Terrace (East and West Facing)
• Glass-enclosed Arclinea kitchen with Gaggenau appliances
• Summer Kitchen
• Independent Service Entrance
• Two private elevators
• 11′ ceiling heights
• Unit 2401: $3,825,900
• Unit 3301: $4,251,900
• Floor Plan

The Perigon, Miami Beach | 2 Bedrooms Units on a Lower Floor

The Perigon in Miami Beach is the only condo on this list that will get you a residence on the actual sand. One of our preferred new condos in all of Miami Beach (Ranking number 2 in our top 10 of 2024) with prices starting at $4M. These residences will feature 2 to 4-bedroom units with 83 residences in total. This condo is for a buyer who is looking for a very private and secure residence. The Perigon, created by the brilliant architect Rem Koolhaas, is more than just a famous name – it’s a place of incredible design and practicality. Imagine living in towers that spin to give you stunning views of the ocean, Biscayne Bay, and the Miami skyline. And don’t forget the beautiful western views of Pinetree Drive, the Intracoastal, and the La Gorce Golf Course. These condos are like homes in the sky, flooded with natural light thanks to their unique triangular shape. Plus, they come with wrap-around and private terraces, adding even more value.

Residences 03

• 2 Bedrooms / 2.5 Bathrooms
• 2,259 SF Interior
• 672 SF Exterior
• Facing North with partial ocean views
• Private Elevator
• Two Spacious Terraces
• Separate Laundry and Storage Room
• Unit 403: $4,139,298
• Unit 503: $4,250,000
• View Floor Plan 

Residences 04

• 2 Bedrooms / 2.5 Bathrooms
• 2,121 SF Interior
• 593 SF Exterior
• Facing South with partial ocean views
• Private Elevator
• Two Spacious Terraces
• Separate Laundry Room
• Unit 304: $3,750,000
• Unit 604:$4,650,000
• View Floor Plan 

888 Brickell Ave by Dolce & Gabbana | Large Two-Bedroom Residences on a High Floor

Get ready for a stunning addition to Miami’s skyline! Dolce & Gabbana is bringing their fashion flair to architecture with a 90-story tower at 888 Brickell. Imagine matte black steel beams soaring to 1,049 feet, a masterpiece like a high-end corset. This tower will stand tall alongside other exciting projects in 2027. It’s not just about height; there will be 259 condos, a 5-star hotel, restaurants, bars, and top-notch amenities. Everything is covered, from interior fit-outs to bathrobes, thanks to turnkey apartments. The interior aesthetics, designed by Dolce & Gabbana, offer three exquisite color palettes. Expect luxury with Venetian chandeliers, standalone bathtubs with ocean views, and a dramatic façade by Studio Sofield. With units ranging from $3.5 million to $35 million, this ambitious project is set to redefine Miami living.

888 Brickell Unit 49A

• 2 Bedrooms / 2.5 Bathrooms
• Separate study
• 2,528 SF Interior
• 261 SF Exterior
• Southeast-facing unit / Corner Residences
• Private Elevator
• Private terrace with summer kitchen
• Furniture by Dolce&Gabbana
• 11′ Ceiling Height
• Unit 49A: $4,250,000 (release prices only)
• View Floor Plan 

888 Brickell Unit 72B

• 2 Bedrooms / 2.5 Bathrooms
• 2,173 SF Interior
• 262 SF Exterior
• North East facing unit / Corner Residences
• Private Elevator
• Private terrace with summer kitchen
• Furniture by Dolce&Gabbana
• 11′ Ceiling Height
• Unit 72B: $4,575,000 (release prices only)
• View Floor Plan 

St Regis Brickell | West Facing 2 or 3 bedrooms

The St Regis Residences in Brickell is one of our preferred projects. The Bayfront towers offer 149 residences ranging from 2 bedrooms to 4+ bedroom residences. The floor plans are extremely large and well-considered with the smallest floor plan (D Line) still offering 2,600 SF. St Regis specifically caters to individuals seeking expansive residences that provide the same functionality and benefits as a traditional single-family home. Based on my own experiences, I firmly believe that the closer a condo residence comes to emulating the advantages of a house, the more successful it is likely to be. Taking into account its exceptional Bayfront location (with few waterfront lots remaining), its focus on primary residences, and the esteemed St Regis brand, I have a strong belief that this condominium will perform exceptionally well. Click here for our independent review of this condo and our vlog on the best floor plan.

If you are looking for new construction condos in Miami with A $3M-$5M Budget, then this is a must-see condo.

C Line

• 3 bedrooms / 3.5 Bathrooms
• 2,987 SF Interior
• 590 SF Exterior
• Northwest exposure / Corner residences
• Private Elevator Access
• Wraparound terrace
• Separate Living Room and Family room
• Separate Laundry Room
• Unit 12C: $4,880,000
• Floor Plan

D Line

• 2 bedrooms / 3.5 Bathrooms
• Convertible Den (Comes with closet space and ensuite bathroom)
• 2,616 SF Interior
• 590 SF Exterior
• Southwest exposure / Corner residences
• Private Elevator Access
• Wraparound terrace
• Separate Laundry Room
• Unit 14D:$3,780,000
• Floor Plan

Five Park Miami Beach

Five Park graces the vibrant landscape of Miami Beach, perfectly positioned at 500 Alton Rd, mere steps from the esteemed South of Fifth neighborhood. This unique locale harmoniously merges a 48-story residential tower with a sprawling three-acre public park, and the addition of tastefully curated retail spaces and the construction of an art-infused bridge further elevate the South of Fifth community, creating a truly walkable haven embraced by pristine waters.

At the heart of Five Park lies a commitment to enhancing your quality of life and overall well-being, exemplified by a diverse range of amenities. Discover on-site workspaces, thoughtfully designed fitness centers, pools with breathtaking Florida coastline panoramas, dedicated spaces for gatherings and events, and residences meticulously crafted to cater to your every need. These elements beckon you to embrace the transformative potential that Five Park offers. The project is on track for completion in the first quarter of 2024.

If your budget falls within the $3 million to $5 million range, you can secure a spacious 3-bedroom residence at the Park Residences. These residences are located on the lower floors, occupying the southeast tip of the condominium. Welcome to Five Park, where luxury living meets a vibrant community experience.

The 01 Line at the Park Residences

• 3 Bedrooms / 3.5 Bathrooms
• Large Residences with Bay and Partial Ocean Views
• 2 178 Sf Interior
• 908 SF Terrace
• Unit 1201: $4.225m
• Unit 1701 $4.6m
• Floor Plan

David’s Conclusions on New Construction Condos in Miami with A $3M-$5M Budget

Within the $3 million to $5 million range, you’ll find yourself in the realm of spacious 2 or 3-bedroom units nestled on the higher floors, some even featuring corner layouts and inviting wrap-around terraces. Your ideal choice depends on your specific budget and the floor plan that resonates with your desires. I invite you to reach out to me for a personalized discussion about your preferences. It’s worth noting that I’ve not only visited these projects but have also toured them with clients, thoroughly examining floor plans and various factors to help you make the best decision.

This budget opens the doors to the allure of beachfront living at Perigon. If you’re considering more beachfront options within this budget, you may need to venture north into Broward.

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.