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The Perigon Miami Beach | Is This New Miami Condo Worth the Price?
The Perigon Miami Beach | Is this Miami Beaches Best New Condo?
What this Blog Provides
Our Perigon Miami Beach blog will not just provide you with standard information on this condo (please use the link below for standard info). This blog discusses what makes this condo stand out in the Miami luxury market and how it compares to other condos. Aside from talking about what we like about the project we think it is important to point out flaws in any project. We have been selling real estate in Miami for 15 years and our value has always come from being independent and unfiltered. To give clear advice and direction means being real and honest. Nothing is 100% perfect. The question is whether this project is perfect for you!
Overview of the Perigon Project
Perigon is the brainchild of developers Mast Capital and Starwood Capital Group. They have assembled a team of the world’s most respected design luminaries to present Miami Beach’s only ultra-luxury, pre-construction condominium constructed on the sand today: The Perigon. The building will be elevated 13 feet above sea level to enjoy the most mesmerizing views. The bold, terraced design was created as a series of towers, rotated to orient and enhance views from all residences toward the Atlantic while optimizing views of Biscayne Bay and the Miami skyline overlooking Miami Beach.
Density of Perigon
The boutique building will be a low-density project offering 73 spacious two- to four-bedroom residences ranging from 2,100 to 6,700 square feet and ten guest suites. These estates in the sky each feature light-filled open floor plans with direct water views, 10-foot ceiling heights, 10- to 12-foot-deep wrapped terraces, and custom Italian kitchen cabinetry designed by Tara Bernard. Combining the intimacy of single-family villas with the vistas of a high-rise tower, the Perigon realizes its location’s unique potential for dual-waterfront living.
What Perigon Delivers
In addition to impeccable design, the Perigon will deliver world-class service and unrivaled amenity spaces that embrace its tranquil setting on the water. An oceanfront restaurant, speakeasy-style bar, and a conservatory with a daily breakfast bar will be exclusively available to residents, and a sunrise lounge and terrace will be accessible for events and entertaining. Residents can enjoy a beachfront swimming pool, hot tub, and a fully landscaped deck with cabanas and sunbeds. Other amenities include a spa with sauna and treatment rooms, ocean view fitness center, children’s playroom, private salon, screening room, wine room, guest suites, and a dramatic double-height lobby lounge. These spaces will be occupied by a dedicated lifestyle concierge and residential butler. Residents can also take advantage of 24-hour security, valet, house car, pool and beach service, in-residence dining, and more.
All the Details, Amenities and Floor Plans of The Perigon Miami Beach
The Perigon Miami Beach
BUILDING OVERVIEW
- An expanse of 200 linear feet of pristine private shoreline
- A comprehensive amenity program offering the best of beachfront living
- 82 signature OMA–designed homes oriented to provide views of the Atlantic Ocean from each residence
- Two- to four-bedroom residences ranging from 2,100 to 6,700 square feet
- Gold level LEED certification
RESIDENCE FEATURES
- Direct, private elevator entry to each residence
- Gracious 10-foot ceilings with floor-to-ceiling windows
- 10- to 12-foot-deep terraces designed to provide direct views of the Atlantic from every residence
- Expansive living, dining, and entertaining area accented with linear cove lighting
- Custom Italian kitchens designed by Tara Bernard & Partners featuring honed marble countertops, backsplash, and island
- Sub-Zero Wolf Appliance Suite
- Primary bathrooms feature natural stone flooring and walls, a custom bathtub, bespoke mirrors, and light fixtures
- Walk-in wardrobes in each bedroom
The Location
The Perigon will be at 5333 Collins Ave in Miami Beach.
What are the Superior Floor Plans?
The Perigon offers 6-floor plans that expand as you reach the 11th floor (Different floor plans exist on floors 3, floors 4-10, and floors 11-15). Floor plans start at 2,121 SF for a two-bedroom. The three most desired floor plans are the 01 lines, the 06 lines, and the 02 lines. (Floor plans and views previewed below)
The 01 Line
The o1 line covers the east-facing tip of the building. These units have east, south, and north aspects, offering spectacular ocean views. The 01 Line residences are large, providing a great flow, and offer one large wrap-around balcony plus an additional private terrace.
- Floor 3: 3 bedrooms, 4,5 bathrooms, and 3,073 SF,
- Floor 4-10: 4 bedrooms, 5.5 bathrooms, and 4,869 SF
- Floor 11-15: 4 bedrooms, 5.5 bathrooms, and 5,778 SF
The 06 Line
The second most desired floor plan is the 06 line. The 06 line is the west-facing line, which is the second largest residence in the building. This unit provides for north, south, and west-facing views, but because of the shape of the building also provides for ocean views (east facing). A wrap-around terrace covers the unit and offers bay and ocean views.
- Floor 4-10: 4 bedrooms, 5.5 bathrooms, and 3,808 SF
- Floor 11-15: 4 bedrooms, 5.5 bathrooms, and 4,784 SF
The 02 Line
Finally, the 02 line is one of the most desired lines. The 02 line is south and east-facing and has a very different layout than the previously mentioned floor plans. This floor plan includes three private terraces and provides bay and ocean views.
- Floor 3: 2 bedrooms, 2.5 bathrooms, and 2,445 SF
- Floor 4-10: 3 bedrooms, 3.5 bathrooms, and 3,350 SF
- Floor 11-15: 3 bedrooms, 3.5 bathrooms, and 3,528 SF
The 03 and the 05 lines are the best entry-level units. These units offer the best value for people looking for a good deal or entry-level residences. Besides standard floorplans the project offers two duplex penthouses on floors 16 and 17; one facing the east and the other facing north. Both offer a private pool. On the 18th and final floor, is one upper penthouse, around 8,000 SF. Price upon request.
The Views from the 10th and 14th floor
On the south side of the building, owners will need to be on the 10th floor to clear the neighboring building. On the north side, the 7th-floor residence will clear the Carriage House, but not the Carriage house condo. The Carriage House condo will be mostly cleared from levels 15 and up. For the 06 lines, take a unit above the 7th floor to avoid potential street noise.
The Finishes of the Perigon in Miami Beach
The residence will provide flooring and a kitchen in place. Buyers will choose between three floorings: stone, wood, and finished porcelain. The kitchens will be custom Italian Italkraft kitchens designed by Tara Bernard & Partners feature honed marble countertops, backsplash, and island. The primary bedroom closets will come fully finished. How the additional closet will finish is still unclear at this moment. Unfortunately, with pre-construction projects, you can only rely on the information provided by the developer. The project’s team is known for quality condos in Miami and Broward. If you follow our blogs or Youtube channel we discuss and compare finishes. Please call me at (305) 615-6843 for my unfiltered opinion.
The Prices of the Perigon in Miami Beach
The average price per SF of this project is around $3,000. The desired 01 and 06 lines will sell for a surplus more towards the $3,500 per SF. Some of the floor plans will trade for around $2,500 per SF.
- The 01 Line is the most desired. Currently, there is no 01 line residence available. The next release will happen soon, with prices to be around $20M. Call me to be added to the list. Top producers like myself will receive the first information on newly released units. Call me at (305) 615-6843
- The 02 Line. Available on the 4th floor for around $8.5M and on the 7th floor for $8,870,000.
- The 03 Line. Available on the 10th floor for $5,570,000
- The 04 Line. Available on the 4th floor for $4,148,000
- The 05 Line. Available on the 10th floor for $5,456,000
- The 06 Line. Currently, there is no 06-line unit available. The next release will happen soon, and prices expected to be around $15M
Additional Information
- The HOA fees are approx $1.75 per SqFt.
- The 01 and 06 Line residences will come with a 2-car air-conditioned garage. All other units will get one assigned parking with an additional valet.
- Rentals are allowed for up to 6 months.
Comparing The Perigon in Miami Beach to other High-End Miami Condos analytically.
We took the below screenshot from our Condo Analytics Software “Condo Geeks“. It shows the Miami condos that sold for top dollar in the last 12 months. Compare Perigon to Arte in Surfside, a boutique condo with very large half-floor and full-floor residences right on the sand, the Surf Club Four Seasons Residences also in Surfside, Apogee in South of Fifth, The Residences at the Miami Beach Edition, and Eighty-Seven Park.
The Perigon is priced higher (on average) than other projects, but of course, the Perigon is one of the few brand-new condos that is on the sand. In the list above, only the Bentley and St Regis in Sunny Isles Beach are on the Miami sand. The Beach only offers two brand-new condos: Five Park and Perigon. Only the Perigon is on the sand.
If you want to compare Perigon to existing ultra luxury Condos in Miami then refer to the short list above. Furthermore, these condos are featured in another article of ours: The best Condos in Miami. As always, please call me at: 305 508 0899 and I can go into the specific floor-plans and details of these projects and how they compare.
The Perigon Miami Beach | What makes it stand out?
This project has been selling very successfully and here is why it stands out:
The team behind this project is a strong force.
The architecture is by OMA New York, the internationally acclaimed firm founded by Rem Koolhaas. Led by their new York Partner Jason Long, the architecture, designed as a series of “towers,” rotated to orient and enhance views from all residences toward the Atlantic. While also optimizing views of Biscayne Bay and the Miami skyline overlooking Miami Beach. The design for the interlocking towers will obtain LEED Gold certification when completed. An architectural gem. The elegant interiors are by Tara Bernard, the inimitable interior architect known for her hotel (Four Seasons) and private yacht projects. Landscaping done by Gustafson, Porter & Bowman, the landscape architecture firm responsible for redesigning the green space at the Eiffel Tower and delivering the powerful Princess Diana Memorial Fountain in London’s Hyde Park will create lush gardens and serene water features at the base of The Perigon.
Spacious and Private Residences on the Sand
The Perigon is the first brand new luxury project on Miami Beach and is very sought-after. Miami Beach only offers one new condo (Five Park), not located on the sand. Furthermore, the Perigon offers large residences with 3 and 4 bedrooms, what buyers are looking for: lots of space in a private setting. Besides this, the Perigon offers superb views, and from the west-facing units, you can see the ocean. The condo offers the rare possibility to see three bodies of water: the Ocean, the Intracoastal, and Indian Creek.
Well-Considered Floor Plans and Finishes
The floor plans are very well-considered. They show a great flow, much like owning a villa in the sky. All the units offer sufficient exterior space with wrap-around terraces and several private terraces. The team behind the project is well established and known for its quality product.
Things we do NOT like about Perigon
- Perigon is without a doubt the most expensive new project in Miami. You can discount this project immediately if your budget does not stretch beyond $6m and you want a 3-bed unit.
- The project is not as walkable to shops and restaurants as other ultra-luxury buildings. If this is key for you then this may not be the best choice.
- A large number of surrounding buildings date back to the 1970’s.
- For sections of units that face west on low floors you may experience more road noise than you like. This of course is a unit by unit situation.
- The building is boutique and will not have the same extensive services that you may experience is some of the hospitality brand buildings, such as Four Seasons.
FAQ
These are the most commonly Miami Real Estate Related questions
What should relocation buyers know before buying real estate in Miami?
HOME BUYERS
Relocation buyers looking at homes in Miami should understand that choosing the right house is less about the property itself and more about location, schools, and long-term value. Many buyers make the mistake of focusing on price or finishes, while the real driver of value is the neighborhood and micro-location. Older homes often represent better value, but may also be part of a future redevelopment cycle. Newer homes command premiums, but don’t always sell faster if pricing is ahead of the market. Commute time, school access, and community dynamics are critical and often underestimated. The key is to evaluate homes not just as lifestyle purchases, but as long-term assets within a very localized market.
Sources:
https://luxlifemiamiblog.com/relocating-to-miami/
https://luxlifemiamiblog.com/relocating-to-miami-with-a-family/
CONDO BUYERS:
Relocation buyers should understand that Miami is a highly segmented, building-driven market, not a uniform one. Pricing can vary significantly between similar properties depending on building quality, layout, and financial health. Many buyers assume newer construction equals better investment, but that is often not the case. Factors like HOA fees, reserves, and rental policies can materially impact long-term value and liquidity. Negotiation opportunities often exist, especially in slower segments, but require precise market knowledge. The key is to evaluate micro-markets and individual buildings, not just neighborhoods or price per square foot.
Sources:
https://luxlifemiamiblog.com/miami-real-estate-market-report/
https://luxlifemiamiblog.com/new-construction-miami-guide/
What are the best areas for relocating families with children
For families relocating to Miami with young children, the most recommended neighborhoods are Coral Gables, Coconut Grove, and Pinecrest. Coral Gables offers the best balance of top schools, safety, and long-term value. Coconut Grove is ideal for younger families seeking walkability, greenery, and a lifestyle-driven environment. Pinecrest provides larger homes, excellent schools, and better value for space, making it ideal for growing families. The key driver across all three is access to strong schools and primary residential stability. Relocation decisions are less about new construction and more about long-term livability and resale strength.
Sources:
https://luxlifemiamiblog.com/best-neighborhoods-miami/
https://luxlifemiamiblog.com/what-are-the-best-family-neighborhoods-in-miami-in-2023/
Are new construction condos in Miami a good investment?
New construction condos in Miami can be a good investment—but only if you understand that not all buildings perform the same. According to the David Siddons Group, many buyers assume “new = better,” but in reality, performance depends on pricing, layout, building quality, and long-term demand. Some new developments set future price benchmarks and can drive long-term appreciation, especially in top-tier projects. However, many are priced aggressively at launch, and buyers relying on marketing instead of data often overpay.
The market is highly segmented, meaning two new buildings next to each other can perform very differently.
The best opportunities typically come from selecting the right building early or negotiating correctly in later phases.
In short: new construction is not automatically a good investment—it becomes one only with building-level analysis and disciplined entry pricing.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/
https://luxlifemiamiblog.com/beyond-clickbait-real-insights-into-miamis-luxury-condo-market/
Why is buying a Miami condo riskier than buyers think?
Buying a Miami condo is often riskier than buyers expect because the true risks are at the building level—not visible in the listing price. Many buyers focus on finishes and views, while overlooking HOA reserves, insurance exposure, and potential special assessments. In reality, two identical units in different buildings can perform completely differently over time. Rising HOA fees and stricter regulations are also increasing the true cost of ownership, especially in older buildings. Liquidity can be affected by factors like financial health, rental policies, and ongoing repairs. The key risk is not the condo itself—but buying into the wrong building without proper due diligence.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/miami-condo-market-risks/
What are Miami's Safest Areas?
Which Miami Areas Still offer Great Value (Budget Friendly alternatives to Coral Gables and Pinecrest)
If you’re looking for better value than Coral Gables or Pinecrest, the answer (in true Siddons style) is not “go cheaper”—it’s go one layer outside the obvious markets.
The strongest value plays are:
- Schenley Park → closest substitute to Coral Gables at ~20% discount while maintaining similar character and location
- Biltmore Heights → almost identical feel to the Gables but ~25–30% cheaper on a $/SF basis
- Glenvar Heights → central location with larger lots and ~25% pricing advantage vs South Miami/Gables
- Baptist / Galloway (Kendall) → Pinecrest-style living (space, schools, land) at up to ~30% lower pricing
The pattern is consistent:
👉 Buyers are shifting west and slightly off-market to gain land, scale, and pricing efficiency. You don’t find value by going to a “cheaper neighborhood”—you find it by identifying adjacent micro-markets that offer the same lifestyle fundamentals without the brand premium.
Sources:
https://luxlifemiamiblog.com/best-value-neighborhoods-miami/
https://luxlifemiamiblog.com/category/miami-neighborhoods/
Is NOW a good time to buy in Miami?
Are Miami real estate prices going down in 2026?
No—but that’s the wrong way to look at it. Miami is not one market anymore, so prices are not moving in one direction. In 2026, the market is split into two: ultra-luxury, scarcity-driven areas (like waterfront and top-tier neighborhoods) are still holding or even rising, while mid-tier condos and oversupplied segments are flat or correcting. What we’re seeing is price divergence, not a crash—some properties are gaining value while others are quietly adjusting downward. Rising inventory and more selective buyers are putting pressure on pricing in certain segments, especially older condos or buildings with weaker fundamentals.
At the same time, global wealth and cash buyers continue to support pricing at the top end of the market. So the real answer: prices aren’t broadly dropping—they’re being repriced based on quality, location, and supply.
Should I buy a house or a condo when relocating to Miami?
The decision comes down to lifestyle first, investment second—and most relocation buyers get that backwards. If you want space, privacy, schools, and long-term family living, a single-family home in areas like Coral Gables or Coconut Grove is typically the stronger choice. If you prioritize walkability, low maintenance, and proximity to business districts, a condo in Brickell or waterfront markets makes more sense.
From an investment perspective, homes tend to be more stable, while condos are more building-dependent and cyclical. Most relocation clients underestimate how much building quality, HOA structure, and future costs impact condo performance. The right answer isn’t “house vs condo”—it’s which asset fits your lifestyle AND holds value within its micro-market.
How do I choose the right Miami neighborhood for my lifestyle?
Why are Miami condo prices so different between buildings?
Miami condo pricing varies widely because value is determined at the building level, not just by location. Two buildings next to each other can have major differences in financial health, reserves, HOA fees, and management quality. Buyers also pay premiums for better layouts, views, amenities, and newer construction—but not all “new” buildings perform equally. Factors like rental policies, upcoming assessments, and building reputation can significantly impact resale value. This is why price per square foot alone is misleading in Miami’s condo market. The real driver of value is how that specific building competes within its micro-market over time.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/
WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...
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