The Perigon Miami Beach

An Independent Review of the Prices, Floor Plans, and Location

If you’re thinking about buying a residence at Perigon in Miami Beach, you’ll benefit from going beyond the basic project details. This article was written to independently assess the Perigon Miami Beach. Instead of just reiterating the developer’s fact sheet, our aim is to offer you an honest, impartial assessment of the project. I visited the sales office and met with key members of the development team. I examined prices, floor plans, and their projected schedules closely. In addition, I delved into their financial situation and carefully examined their finishes. Here’s what I found:

Finally, I compare these residences not only with other new condos in Miami Beach and existing ones but also with new condos throughout Miami. Whether you’re reading this article in-depth or just looking for key information, we hope you find it informative and don’t forget to check out my conclusions at the end!

Article Overview:

  1. Direct Access to Floor Plans, Renderings, Prices and Drone Shots
  2. Privacy and Security
  3. Architecture and Views
  4. Uniqueness
  5. Economics
  6. Who this condo is NOT for and what possible alternatives.
  7. Our Top 10 Condos of 2023-2028
  8. Conclusions and advice
  9. Why work with us?

Accessing key information

By downloading the below information package you will have access to prices (01 Line and penthouse require a phone call), floor plans, brochure, drone tours, and our unique condo ranking system.

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1. High Privacy and Security

The Perigon Miami Beach will come with a gatehouse. It will be hard for anyone uninvited to enter the lobby. In many luxury condos, you enter without being questioned. Perigon will feature security in the lobby and at the back entrance (from the beach). The beach will also have a security officer due to the social profile of the residents. Additionally, Perigon counts 73 residences which makes it a boutique condo. An excellent condo for those who value security and privacy.

2. The Location of Perigon Miami Beach

In recent years luxury buyers were less keen on South Beach, due to the high amount of tourists. Buyers of Miami Beach luxury condos prefer to be in more tranquil locations and move to the residential areas of the beach, Surfside, or Bal Harbour. Most buyers want to be close to the dining, shopping, and entertainment options, but they want to come home to calmness. The Perigon sits in a residential, tranquil area at 5333 Collins Ave. The downside is that it is not as walkable as other parts of Miami Beach.

3. The Architecture and Views

The Perigon is a project by Rem Koolhaas. Rem Koolhaas is a distinguished architect and the mastermind behind successful projects like Park Grove. We will not just blindly promote a project because of its name. A project needs to be able to hold its own. Perigon’s design, besides being incredibly cool, is also very functional and well-considered. 

The architecture consists of a series of ‘towers’. These towers are rotated to provide views of the Atlantic Ocean from all the residences. At the same time, they are designed to have good views of Biscayne Bay and the Miami skyline. While many buyers focus only on ocean views for the Perigon we would also like to mention the west views. West-facing units in this condo are beautiful and look towards the canal-front mansions at Pinetree Drive, the Intracoastal, and the La Gorce Golf Course. Residents will enjoy vivid and breathtaking views 24 hours per day. 

In addition, the triangular design ensures an abundance of light. The floor plans are very functional and offer a good flow. Since the units are large, they often feel like homes in the sky. Moreover, the units come with wrap-around terraces and several private terraces. This design truly adds to the value of the unit. Perigon Miami Beach will receive LEED Gold certification upon completion.

The interiors are by Tara Bernerd, known for hotel and private yacht projects. Landscaping is by Gustafson, Porter & Bowman, who also did the green space at the Eiffel Tower and the Princess Diana Memorial Fountain in London.

4. Uniqueness

The Perigon is a highly sought-after luxury condo project on Miami Beach. It is the only new condo on Miami Beach located on the sand, offering large residences with 3 and 4 bedrooms. The only other new construction option in Miami Beach is Five Park, but that one is not on the sand. Miami Beach does not offer many ultra-luxury resale condos on the sand besides Eighty Seven Park or 57 Ocean. For this reason, many wealthy buyers flocked to Surfside, Bal Harbour, or go to the very south of Miami Beach: South of Fifth.

Buyers set on Miami Beach who prefer a new condo that is truly luxurious will find themselves pulled towards the Perigon. The Perigon is one of the only new condos on Miami Beach in recent years makes it unique. Furthermore, the Perigon offers large residences with 3 and 4 bedrooms, what buyers are looking for: lots of space in a private setting. Additionally, the Perigon provides superb views of the Ocean, the Intracoastal, and Indian Creek, a rare possibility.

5 The Economics

My last point is purely data-driven and gives you insights into the economics of this condo. This information is from our Condo Geeks analytical tool. The blended average at Perigon is approx. $3,000 per SF. The actual price depends on the type of floor plan and elevation.It’s essential to consider that the cost per square foot is determined based on the interior square footage. The Perigon provides generously sized terraces, with many units offering 25% or more of their total square footage as terrace space. This extra space is not factored into the cost per square foot, but it is indeed usable and livable space.

How does Perigon Miami Beach compare to other condos?

Screen1 Compares the Perigon in Miami Beach to other new construction condos around Miami. Here we can see that it is one of the priciest new condos in all of Miami, although it is in line with all the other new BEACHFRONT condos like Rivage, Six, or new developments such as St Regis Sunny Isles or Bentley. 

In Screen 2 we see how the Perigon compares to existing condos in beachfront areas such as Sunny Isles, Surfside, Bal Harbour, and Miami Beach. We see that a high amount of condos in these areas sell for $2,500 per SF or more. The W in South Beach, The Surf Club Residences, Arte Continuum, Apogee, and 87 Park are examples.

You can reach me at (305)508-0899. We can discuss the analysis relevant to your unit and the asking price.

Picture 1: The average sales prices of the top luxury condos in recent years
Picture 2: The historic neighborhood performance of Miami Beach

6. What do we NOT Like about Perigon Miami Beach

No single condo will work for everyone, and we will give you aspects that might not be ideal for a buyer.

  • Perigon is one of the most expensive new projects in Miami. It might be worth it, but it is essential to mention. If you would like a 3-bedroom residence for less than $6M, this will not be for you.
  • The area is very residential and less walkable or close to restaurants and shops.
  • The area has many older condos.

 

If you like to be on the beach, you might also like these condos:

  • The Surf Club Four Seasons enjoys a high level of service and amenities.
  • EightySeven Park is a finished boutique condo with a very high level of service.
  • 57 Ocean is in the area of Perigon Miami Beach but is a larger building and accessible with a lower budget.
  • Fendi is a boutique-style condo that is ready to move in.

7. Our Top 10 Miami New Construction Condos

Ranking Condo Average Price per SF Start Prices Amount of Units Year Finished Score Independent Reviews Video included in review
# 10 CIPRIANI $1,575 $1,600,000 397 2027 9 Click here
# 9 THE SHELL BAY RESIDENCES $2,150 $2,500,000 108 2025 9
# 8 THE RESIDENCES AT 1428 BRICKELL $1,680 $2,500,000 189 2026 9.2 Click here
# 7 VILLA $1,650 $4,600,000 72 2026 9.2 Click here
# 6 RIVAGE $3,580 $7,000,000 60 2026 9.4 Click here
# 5 ST REGIS SUNNY ISLES $2,500 $4,400,000 194 2026 9.5 Click here
# 4 VITA $2,235 $5,800,000 65 2024 9.6 Click here
# 3 THE PERIGON $3,250 $4,000,000 73 2026 9.65 Click here
# 2 THE SHORE CLUB $5,500 $6,000,000 49 2026 9.9 Click here
#1 The Residences at Mandarin Oriental $2.600 $5,000,000 220 2028 9.9 Click here

8. Conclusions and Advice

The Perigon truly offers the experience of a single-family home in the sky. The residences are tailored for individuals seeking secure and private beachfront living. It’s the perfect choice for those who prefer not to be right in the midst of the hustle and bustle but still desire proximity to it. These residences provide spacious, well-designed living spaces with plenty of natural light. While the condominium is boutique in style, it doesn’t compromise on amenities.

Having studied the Miami condominium market for more than 15 years, a consistent trend among successful condos has emerged: they are oriented towards end-users. The spacious homes at Perigon Miami Beach are likewise tailored to cater to the needs of these end-users. As a result, we hold a high degree of confidence in this condominium’s potential for outstanding performance.

9. 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. We are not limited to just one project and are 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 we will compare prices with other new and resale condos. There are subtle nuances when it comes to buying pre-construction and therefore it is essential you 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.

Want to know more?

You can schedule a meeting with me via the Calendly link below. You can also send me an email (David@siddonsgroup.com) or call me on my cell (305) 508-0899. If you want to know more about me, read my bio.

FAQ

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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