The Rise of Kendall Luxury Real Estate: Inside the New-Construction Boom Reshaping Miami Real Estate

Kendall real estate  is evolving. Long valued for its family feel and large lots, it’s now becoming one of South Florida’s hottest new-construction markets. Buyers want modern design, functional layouts, and turnkey finishes — and last year’s sales made it clear that Kendall is on the rise. While Pinecrest, Coral Gables, and Coconut Grove remain South Florida’s established luxury markets, Kendall is emerging as the next major frontier. Demand for contemporary architecture, large lots, functional floor plans, and fully finished interiors is accelerating quickly, yet inventory hasn’t caught up. The gap between what today’s buyers want and what currently exists is exactly where Kendall’s next chapter is beginning to form.

The data from this past year suggests the next five years will be transformational for Kendall.

Recent New Construction Sales: Kendall’s First Real Benchmarks

Three recent modern home sales clearly show where Kendall’s market is heading.

• The standout was 8998 SW 108th St, a 2025 build that surpassed $1,000 per square foot — a milestone proving Kendall can now reach pricing once limited to Pinecrest and South Miami.
• Two additional sales — 8787 SW 107th St and 9291 SW 88th St — closed in the high $700s to low $800s per square foot, reflecting strong demand for clean layouts and contemporary design. This $750–$850/SF range is now Kendall’s most active new-construction tier.

Together, these sales establish Kendall’s modern pricing baseline: new builds with large lots and strong architecture continue to draw steady, consistent demand.

What Buyers Are Showing Us: Demand Is Strong, But Pricing Must Match Reality

Recent under-contract activity and current active listings paint a unified picture of Kendall’s luxury market. Two new construction homes — including a gated 2025 build on SW 93rd Ct — went under contract after extended time on the market, reinforcing two clear patterns: buyers will pay a premium for turnkey modern homes, but they remain highly price-sensitive when a listing exceeds perceived value. These pending sales, priced in the mid-$500s to $600s per square foot, confirm that modern homes under $3M, the “value luxury” tier, are the most active sweet spot of buyer demand.

At the same time, the modern homes still on the market reveal where pricing begins to lose momentum. A property in the low-$800s per foot is getting interest but slower absorption, showing buyers are selective. Listings priced closer to $1,000+ per foot or above $1,200 per foot are sitting longer — not because of quality, but because Kendall’s buyer pool at $6M–$7M is limited and expects prestige comparable to Pinecrest or Coral Gables.

The takeaway: Kendall’s luxury market is maturing quickly. Buyers will pay for well-executed modern design, but only when pricing aligns with Kendall’s current identity — not the pricing of more established luxury markets.

Kendall’s luxury jump: from 0 sales over $600/sf in 2020 to 45 sales in 2025, a breakout shift in high-end demand.

Buyer Priorities and Seller Realities in the Kendall Real Estate Market

Kendall’s 2025 buyers are informed, patient, and design-driven. They will pay a premium for strong architecture and quality finishes, but pricing must be justified. Older homes, especially those built between the 1970s and early 2000s, are finding it difficult to compete unless significantly updated. Increasingly, value is tied to land and redevelopment potential. Sellers with oversized lots may find their strongest buyer interest coming from developers rather than traditional end users. Developers are noting where the market is most balanced. Modern homes priced between two and four million dollars offer strong demand with manageable risk. Larger builds priced above five million dollars remain possible but require exceptional execution and a well founded pricing strategy.

Looking Ahead: What the Next Five Years Suggest

Kendall’s luxury evolution is still unfolding but the direction is clear. As Pinecrest, Coconut Grove, and Coral Gables continue to climb in price and land becomes more scarce, more buyers are moving south and west in search of value and space. Modern homes priced between $2 million and $5 million will remain the core driver of demand. Based on current patterns, Kendall’s new construction is likely to settle into a long term range of $800 to $1,000 per square foot, with ultra luxury properties exceeding that when supported by trong design and exceptional land.

Final Perspective: Kendall’s Luxury Future Is Already Unfolding

Kendall is transitioning from a traditional suburban community into a rising luxury submarket defined by modern architecture and new construction. Recent sales clearly show that demand is already here. The only missing piece is supply. For buyers seeking value relative to nearby prime markets, for sellers assessing the potential of their land, and for developers considering the ideal moment to enter, Kendall represents one of the strongest growth stories in South Florida real estate.  This is where the next generation of luxury is being built.

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If you want to know more about the Kendall Real Estate Market, please reach out to me at 305.508.0899 or schedule a meeting via the application below.

This article was written by Jaime Castro, Kendall Territory Manager for the David Siddons Group