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!

The Perigon Miami Beach | Is this one of Miami's best new luxury condos?
The Perigon Miami Beach | Is This New Miami Condo Worth the Price?

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 Perigon Miami Beach | Is This Miami Condo Worth the Hype?
The Perigon Miami Beach | Is This New Miami Condo Worth the Price?

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 Perigon Floor Plans (01, 02 and 06 Lines)

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 Perigon Miami Beach | Is This Miami Condo Worth the Hype?

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.
The Perigon Miami Beach | Is This New Miami Condo Worth the Price?

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.
The Perigon Miami Beach | Is This New Miami Condo Worth the Price?

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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