The Best New Miami Condos for Sale in 2020 [Updated for 2023]
What are Miami’s Best New Condos for Sale in 2023?
Although the below blog is still accurate and reflects our opinion on the best condos in Miami, we recently wrote a brand new article on our top 10 Miami condos of 2022. The below mentioned condos still belong to Miami’s top condos! In case your favorite Miami condo is not included in our new list please give us a call.
What are Miami’s Best New Condos for Sale in 2020?
The below is an updated list of the best new Miami condos for sale in 2020! Remember it is the unit by unit analysis that matters and although we may be general advocates of a building, it does not mean we like all the units. We understand all the different lines, so it is important to recognize the good units (corners units and those with water views) from the less desired units (‘back facing’ units, low floor units or units with a bad floor plan).
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The 10 Best Miami Condos for Sale in 2020
So by neighborhood and in no particular order this is our list:
Oceana in Key Biscayne
Oceana offers 141 units ranging from 2 to 5 bedrooms. The oceanfront condo built in 2015 is just steps away from a private beach and offers 5 star amenities. Oceana condos range between $2.7M and $22M+. Why did this condo make our list? Because the location is prime, the amenities are top-notch and the architecture is outstanding. The best lines to purchase would be the 01 line in both the north and the south tower. These are large corner units with great views over the bay.
321 Ocean South of Fifth
321 Ocean is an extreme boutique condo with only 21 residences in a prime location. This is a perfect condo for those who want to be low-key and value their privacy. The building might be classified as a primary residence, which is rather unusual for the Miami Beach market in which most properties are investments or used as a second or third residence. This is the only brand new condo in South of Fifth that is right on the sand (literally a few feet). This project offers two towers, one is located on ocean drive with views of the street and one is located right on the beach with spectacular waterviews. The best lines would be the 2-story Beach Villas (200 or 201) or the Penthouse. Units at 321 Ocean range between $5.5M and $26M. The PH which sold for $26M, reached the highest sales price per SF ever achieved in South of Fifth. 321 Ocean is one of the Best New Miami Condos for Sale in 2020.
Faena House Miami Beach
Faena House in Miami Beach is a 47 units counting ultra-luxury condo that is located in the desired “Faena District“. Sometimes referred to as the ‘Billionaire Beach Bunker’, because of its attraction to Wall Street’s wealthiest, this already iconic condo offers a prime beachfront location, outstanding architecture and all the amenities desired by today’s super-rich which match the modern-day Miami Beach lifestyle. The best lines (besides the Penthouses) are the A and the B lines (Floor 4-13), which are expansive units with superb waterviews. Units trade between $6.3 and $60M, which was paid for Penthouse B.
The Surf Club Four Seasons Residences in Surfside
This Four Seasons project has a hotel element as well as two new towers with in total 150 residential units. Prices at this project are ranging from $3.6m to $21M (asking prices) while this year units traded between $6M and $9M. At this project no two floor plans are the same and therefore it is hard to say which one is the best. Although this is a case by case scenario, the North Tower is the best tower to focus on as it is more secluded and private and doesn’t have the hotel element. The entire area of Surfside is becoming more desirable and of a primary nature with people who live in Surfside all year round.
Fendi Residences Surfside
The condo by the Chateau Group has the Fendi logo and branding. A great project with a genuine high feel of quality. This is not a temporary project, where the shine comes off after a few months. The best line is the 01 line, which is a large corner unit (5,000 SF+). As you go up the building gets more narrow and therefore the floor plans change slightly. The 06 Line is also a good line to consider which is the corner unit at the other side of the building. Prices at this condo range between $5M and $30M.
Eighty Seven Park (Miami Beach)
87 Park is located in Miami Beach, just meters away from Surfside in a less touristic and more private part of Miami Beach. This condo by architect Renzo Piano offers only 17 floors and to the south of the building there is a large park. This is the only building on the Beach that offers waterviews (The ocean in the east and the intracoastal in the west) as well as views at a park. The location of the park is providing this condo with a 270 degree panoramic view avoiding side views into other buildings. The 02 line is the best line in the building, although this is completely sold out at the moment. The 02 Line has sold quite fast as many buyers in the building have combined units including this line. As with most of Miami’s prime buildings, Eighty Seven Park offers a high level of finishes, including high quality kitchens and flooring (the units come finished), 10 ft ceilings and extremely large terraces. The building starts selling at $2.5M for smaller units and is expected to be delivered by the end of 2019.
Park Grove in Coconut Grove
Park Grove is a brand new project located on 6 acres. The best and most luxurious tower is tower 1, which sits in front of the other towers. One Park Grove offers 4 units per floor which range from 2,235 SF to 3,600 SF (The A-Line). Many buyers are combining these units to get expansive sky mansions. One Park Grove is low-density and offers unobstructed bay views. Also important to mention is that Coconut Grove is a primary market with most residents living there all year round and the market doesn’t have many luxury condos. The amenities at this condo are really outstanding and low density allowing for resort-style living. I have dealt with this condo extensively over the years and know all the details.
Oceana Bal Harbour
A mirror of its namesake Key Biscayne condo. The two towers offer 141 units and prices range between $2.7M and $22M. Bal Harbour is on the beach and mostly known for the Bal Harbour Shops. A great place to live. The best lines here are the 01 lines in the South and the North Tower; both are large corner residences.
The Ritz Carlton Residences in Sunny Isles Beach
The Ritz Carlton is a brand new project with 52 stories. Compared to others condos in this list, this tower is a bit more high-density with 212 flow-through units. The building, which is slated to open in the fall of 2019, is peanut-shaped and all glass. The top floor penthouses all offers extremely large terraces. These units are mostly sold out, although there are still some possibilities. Give us a call and we can see what is still available. Corner units A and E offer respectively 3,080 and 3,600 Sf with ocean and city views, and are therefore our preferred units.
Palazzo Del Sol on Fisher Island
Fisher Island is a private island and one of the most expensive zip codes in the country. The island is only accessible via ferry, boat or helicopter; ideal for buyers who want to be secluded and enjoy their privacy. With only 43 residences ranging between 3600 SF and 7600 SF (3 to 7 bedrooms) this project is extremely boutique. Without a doubt a very well finished project by architect Kobi Karb, arguably the best in Miami according to many realtors and buyers. The best units are those directly facing the water which are units C East, C West and Unit E. The first two offers 4,956 Sf while unit E offers no less than 9,826 SF.
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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