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Annual Highlights + Q4 2023 Luxury Condo Market Summary: Stable Growth with Positive Outlook

by Sep Niakan, February 01, 2024

Annual Highlights + Q4 2023 Luxury Condo Market Summary: Stable Growth with Positive Outlook

Miami’s luxury condo market closed in 2023 on an incredibly strong note. While Q4 2023 reported the second-highest sales in a fourth quarter, our year-end analysis revealed annual sales exceeded pre-pandemic levels. On a neighborhood basis, the combined areas of Coconut Grove & Coral Gables were winners across the board.  

Both of these sales statistics, paired with the annual price per square foot peaking to an all-time high and inventory keeping to moderate levels by year-end 2023, we, as real estate experts, conclude that our luxury housing market has expanded and, as a result, is likely to grow positively in this new year.

While 2023 may not have been a year of epic highs, all sales and price statistics indicate that Miami’s luxury housing market is capable of sustaining the historical shifts and growth garnered during the pandemic-triggered buying spree of 2021. Even as the market continued stabilizing from this extraordinary surge and experienced its usual seasonal slowdown in Q4 2023, it still adhered to its newfound benchmarks, bringing balanced and sustainable growth opportunities for both buyers and sellers.

The takeaway? Overall, Q4 2023 closed with a marginal increase in sales activity and an expected uptick in inventory vs Q3. However, as prices posted moderate gains and days on market stayed low (with properties selling within 2-3 months), the luxury condo market showed signs of incredible stability and great health, making Miami one of the few housing markets in the U.S. to bank on in 2024.

And, while inventory may have temporarily shifted outside its ideal range of 9-12 months, as real estate experts, we expect levels to normalize again as we go through peak season. However, the window for buyers to take advantage of the additional wiggle room and choose from a wider array of options is likely to get smaller. Sellers, too, can take advantage of heightened demand from incoming high-net-worth households and digital nomads by keeping prices competitive. 

Finally, relating to annual numbers, sales for 2023 reported a 31.5% decline against 2022. However, they posted an incredible 103.5% increase compared to the annual sales of 2020 and roughly the same for 2019 – showing that Miami’s luxury condo market is in one of its most lucrative cycles and marching strong into 2024.


— Q4 2023 Key Statistics 

Q4 2023 Overall Miami luxury condo market closed sales: 285

  • Year-over-year change in closed sales: +1.1% (285 vs 282 sales in Q4 2022)
  • Quarter-over-quarter change in closed sales: -21.7% (285 vs 364 sales in Q3 2023)

Q4 2023 Overall Miami luxury condo market median sales price: $1.65M

  • Change in Median Sales Price: -0.3% (Q4 2023 vs Q4 2022) 

Q4 2023 Overall Miami luxury condo market inventory: 18 months


— Year 2023 Key Statistics (Annual Trends)

Total closed sales (2023) - Overall Miami luxury condo market:

  • 2023-over-2022 change in closed sales: -31.5% (1,455 vs 2,123 total sales in 2022)
  • 2023-over-2020 change in closed sales: 103.5% (1,455 vs 715 total sales in 2020)

Median sales price (2023) - Overall Miami luxury condo market: $1.67M

  • Change in median sales price: -1.1% (2023 vs $1.68M in 2022)


Is this a seller’s or buyer’s market? Although current inventory levels (18 months) suggest Miami’s luxury condo market to be a buyer’s market, we recommend reading it as a leveled playing field for buyers and sellers. 

On one hand, we expect inventory to increase in 2024 with prestigious pre-construction condo projects scheduled for delivery such as Una or Aston Martin Residences, and a decline in mortgage rates to give some sellers the confidence to list. However, we also expect continuous demand from high-income households moving to Miami and spring delivering its usual acceleration in sales activity, keeping inventory levels in check and the market fundamentally balanced through 2024.


— Q4 2023 MIAMI LUXURY CONDO MARKET SUMMARY

 

Number of  Sales

% change  in Sales

Median  Sale Price

% change  in Median  Sale Price

Median  SP/SqFt

% change  in Median  SP/SqFt

Median  Days On Market

Q4 2023

285

+1.1%

$1,650,000

-0.3%

$951

+0.5%

66

Q4 2022

282

$1,655,000

$947

68

 

— 2023 MIAMI LUXURY CONDO MARKET ANNUAL SUMMARY

 

Number of  Sales

% change  in Sales

Median  Sale Price

% change  in Median  Sale Price

Median  SP/SqFt

% change  in Median  SP/SqFt

Median  Days On Market

2023

1455

-31.5%

$1,670,000

-1.1%

$950

+1.9%

72

2022

2123

$1,688,166

$932

68

2020

715

+103.5%

$1,625,000

+2.8%

$770

+23.4%

127


Read on for a closer look into a neighborhood-wise breakdown of our quarterly findings for Q4 2023, plus the overall statistics for 2023.

*For this Miami luxury condo market report, we've only included properties priced at $1 million and above. The neighborhoods included in this market summary are Downtown Miami, Edgewater, Wynwood, Midtown and the Design District, Brickell, Coconut Grove, Coral Gables, Key Biscayne, Miami Beach, Fisher Island, Surfside and Bal Harbour, and Sunny Isles Beach.


— Q4 2023 & Annual Miami Luxury Condo Market Sales


Overall sales flat year-over-year – 2nd-highest volume in a fourth quarter

With 285 sales, Q4 2023 volumes nudged past those in the previous year (282 sales in Q4 2022) by a close margin of 1.1%. Outperforming Q4 2022 to establish itself as the second-best fourth quarter in history, Q4 2023 only fell behind the astronomical high of Q4 2021 (563 sales).

As the market expectedly paced down over winter, volumes declined 21.7% quarter-to-quarter, down from 364 in Q3 2023 to 285 in Q4 2023.


Q4 2023 Miami Neighborhood Condo Sales at a Glance

Neighborhood

Q4 2023

Q4 2022

% Change

Greater Downtown Miami*

83

91

-8.8%

Miami Beach**

156

155

+0.6%

Coconut Grove & Coral Gables

46

36

+27.8% 

*Greater Downtown Miami includes Edgewater, Brickell & Downtown.
**Miami Beach includes South Beach, Mid-Beach, North Beach, Surfside & Bal Harbour, Sunny Isles & Fisher Island. 


Looking into a broader, neighborhood-wise sales comparison (above), the combined neighborhood of Coconut Grove & Coral Gables topped popularity charts in Q4 2023 – leading market growth with the highest percentage gain in year-over-year sales (46 in Q4 2023 vs. 36 in Q4 2022). On the other hand, sales in the Greater Downtown area slowed with an 8.8% decline in year-over-year sales. 

In a more detailed neighborhood watch, Sunny Isles Beach reported the highest sales volume of all neighborhoods under quarterly review, closing this fourth quarter with 54 sales.

With the luxury condo market expectedly pacing down, as it historically does every third and fourth quarter of the year, the 12-month sales trendline down-shifted into a negative trajectory from a positive curve in Q3 2023. Coconut Grove & Coral Gables (collectively) was the only neighborhood to report a positive 12-month trendline in Q4 2023.

While this would generally indicate a further softening of the luxury housing market, as real estate experts, we expect the market to maintain its momentum, if not pace up, owing to steady buyer demand and the high season kicking off in the first quarter of 2024 (evidenced by historical data).


Annual sales down 31.5% from 2022, but higher than pre-pandemic years

With sales expectedly normalizing from the supercharged highs of 2021, one of the biggest questions of 2023 was whether Miami’s luxury condo market would come crashing down or sustain its growth thresholds, and it has been answered. Even as sales fell short of 2021’s record-setting highs, 2023 closed on a strong note, reporting market stability and higher annual sales compared to any pre-pandemic year.

With 1,455 annual sales, 2023 concluded on a high note, as Q3 and Q4 this year outperformed Q3 and Q4 2022. With softer numbers than 2022 (with 2,123 annual sales) and 2021 (with 2,353 annual sales), 2023 far exceeded those in pre-pandemic years: 715 sales in 2020, 718 in 2019, 692 annual sales in 2018, and so on – indicating sustained market strength.


Annual Miami Neighborhood Condo Sales at a Glance

Neighborhood

2023

2022

% Change

Greater Downtown Miami*

445

646

-31.1%

Miami Beach**

824

1258

-34.5%

Coconut Grove & Coral Gables

186

219

-15.1%

*Greater Downtown Miami includes Edgewater, Brickell & Downtown.
**Miami Beach includes South Beach, Mid-Beach, North Beach, Surfside & Bal Harbour, Sunny Isles & Fisher Island.


On a more in-depth analysis of neighborhoods, Coconut Grove & Coral Gables (collectively) and Downtown Miami emerged as the most resilient markets of 2023 – reporting only a 15.1% decline in year-over-year total sales, respectively, while Downtown Miami followed closely with only a 17% decline in annual sales (80 in 2023 vs. 96 in 2022) (not shown in chart above). This is most likely because, for several quarters, these two neighborhoods offered exceptional entry price points into the market for buyers, who moving here, sought more affordable luxury housing options along the Grove’s quiet waterfront or closer to work in Miami’s urban core. 

In terms of volume, Sunny Isles Beach reported the highest number of sales out of all neighborhoods under review – closing 2023 with a total of 297 sales.


— Q4 2023 & Annual Miami Luxury Condo Market Prices


Q4 2023 price/sq. ft. flat year-over-year at $951/sq. ft. – peaked to second-highest-ever

It was another year of positive price trends in Miami's balanced luxury condo market, with sellers earning top-dollar for their properties. Posting a marginal uptick of 0.5% ($951 in Q4 2023 vs. $947 in Q4 2022), Q4 2023 nudged past its year-ago value to close with the second-highest price per square foot in history. Most Miami neighborhoods in our quarterly review – mainly from the urban core (as can be seen in the table below) – contributed to this statistic with year-over-year gains. 

Luxury condos in the combined neighborhood of Surfside & Bal Harbour delivered maximum gains for sellers, closing Q4 2023 with the highest percentage increase in year-over-year price per square foot. Prices in this sub-market increased from $1,028 in Q4 2022 to $1,592 in Q4 2023, reporting a 55% increase in year-over-year values.

Continuing its prominence as the most expensive zip code for luxury condos in Miami and one of the top in the country, Fisher Island reported a median price of $1,854 per square foot. On the other hand, Downtown maintained its title as Miami’s most affordable neighborhood for luxury condos in Q4 2023, reporting a median price of $762 per square foot.


Q4 2023 Price per Square Foot at a Glance

Neighborhood

Q4 2023

Q4 2022

% Change

Greater Downtown Miami*

$870

$836

+4.1%

Miami Beach**

$1,133

$1,139

-0.6%

Coconut Grove & Coral Gables

$801

$719

+11.5%

*Greater Downtown Miami includes Edgewater, Brickell & Downtown.
**Miami Beach includes South Beach, Mid-Beach, North Beach, Surfside & Bal Harbour, Sunny Isles & Fisher Island.


Annual (2023) Price/Sq. Ft. at an all-time high of $950

On an annual basis, the price per square foot for luxury condos in Miami peaked at a record-setting $950/square foot – reporting a marginal 1.9% gain against $932/sq. ft. in 2022 and a 10.5% gain against $860/sq. ft. in 2021. A majority of the Miami neighborhoods under our review contributed with an uptick in their annual price per square foot. 

Luxury condos in the combined neighborhood of Coconut Grove & Coral Gables plus Miami’s Edgewater reported maximum gains for sellers, with the highest percentage increase in year-over-year price per square foot. Annual prices in Coconut Grove & Coral Gables increased from $758/sq. ft. in 2022 to $840/sq. ft. in 2023, while those in Edgewater increased from $878/sq. ft. in 2022 to $954/sq. ft. in 2023 – reporting an 11% and 9% gain, respectively.

Fisher Island continued as the most expensive zip code for luxury condos with an annual price of $1,932 per square foot. On the other hand, Downtown Miami retained its position as the most affordable neighborhood, with a median 2023 price of $737 per square foot.


Annual Price per Square Foot at a Glance

Neighborhood

2023

2022

% Change

Greater Downtown Miami*

$872

$824

+5.8%

Miami Beach**

$1,087

$1,103

-1.4%

Coconut Grove & Coral Gables

$840

$758

+10.7%

*Greater Downtown Miami includes Edgewater, Brickell & Downtown.
**Miami Beach includes South Beach, Mid-Beach, North Beach, Surfside & Bal Harbour, Sunny Isles & Fisher Island.


— Q4 2023 & Annual Miami Luxury Condo Days on Market


Q4 2023 Days on market down 3% from Q4 2022 – Luxury condos took only 66 days to sell

Even as sales activity slowed down for the winter, as it does every year in Miami’s seasonal housing market, luxury condos sold 3% faster compared to a year ago (66 days in Q4 2023 vs. 68 days in Q4 2022) – showing great market health. Most Miami neighborhoods (in our quarterly analysis) contributed to the trend, reporting a decline in the number of days luxury condos spent on the market before they sold.

Taking only 41 days to sell, the combined neighborhood of Coconut Grove & Coral Gables emerged as the fastest-selling market of Q4 2023. On the other hand, Fisher Island again reported the highest days on market this fourth quarter, as properties took 259 days on average to sell.


Q4 2023 Days on Market at a Glance

Neighborhood

Q4 2023

Q4 2022

% Change

Greater Downtown Miami*

74

58

+27.6%

Miami Beach**

74

79

-6.3%

Coconut Grove & Coral Gables

41

74

-44.6%

*Greater Downtown Miami includes Edgewater, Brickell & Downtown.
**Miami Beach includes South Beach, Mid-Beach, North Beach, Surfside & Bal Harbour, Sunny Isles & Fisher Island.


Luxury condos took 2.5 months (median) to sell in 2023

Overall, in 2023 luxury condos sold 5.9% faster compared to a year ago, indicating that buyers and sellers were quicker to agree (72 days in 2023 vs 68 days in 2022).

Taking only 58 days to sell, the combined neighborhood of Coconut Grove & Coral Gables emerged as the fastest-selling market of 2023 (on an annual basis), followed by Downtown Miami taking 62 days. However, a majority of the Miami neighborhoods under our annual analysis reported an increase in the number of days condos spent on the market, from listing to closing.


Annual Days on Market at a Glance

Neighborhood

2023

2022

% Change

Greater Downtown Miami*

69

63

+9.5%

Miami Beach**

77

78

+1.3%

Coconut Grove & Coral Gables

58

41

+41.5%

*Greater Downtown Miami includes Edgewater, Brickell & Downtown.
**Miami Beach includes South Beach, Mid-Beach, North Beach, Surfside & Bal Harbour, Sunny Isles & Fisher Island.


— Q4 2023/Year-end Miami Luxury Condo Market Inventory 


Overall Inventory up to 18 months

As predicted in our Q3 2023 luxury housing report, inventory increased towards the end of the year, as our seasonal market paced down for the winter and more sellers listed in anticipation of high season in spring 2024. 

With overall inventory at 18 months – up 28.6% from 14 months in September 2023 and 5.9% from 17 months in December 2022 – the statistic closed above the 9-12-month range of a balanced market. While Miami’s luxury condo market seems to have transitioned into a buyer’s market on paper, anecdotal evidence from our day-to-day interactions indicates a healthy market with equal opportunity for buyers and sellers.

Of all the neighborhoods under review, the combined neighborhoods of Coconut Grove and Coral Gables continued to report the lowest months of inventory with 9 months.

With quite a few pre-construction condos scheduled for completion in 2024 and with some relief in mortgage rates nudging more sellers to the market, as luxury real estate experts, we expect a slight increase in inventory levels in the new year. However, we also anticipate heightened demand for luxury housing and an upcoming high season to keep inventory levels in check and prevent them from exceeding pre-pandemic levels. 

This means, buyers can enjoy some extra wiggle room with several choices catering to their price point, while sellers can benefit from keeping pricing competitive.


Q4 2023 Inventory at a Glance

Neighborhood

Q4 2023

Q4 2022

% Change

Greater Downtown Miami*

19

17

+11.8%

Miami Beach**

20

18

+11.1%

Coconut Grove & Coral Gables

9

12

-25.0%

*Greater Downtown Miami includes Edgewater, Brickell & Downtown.
**Miami Beach includes South Beach, Mid-Beach, North Beach, Surfside & Bal Harbour, Sunny Isles & Fisher Island.


— Q4 2023 & Annual Miami Neighborhood Luxury Condo Market Summary

Outperforming Q4 2022, luxury condos in Miami recorded their second-best 4th-quarter sales in Q4 2023. On an annual basis, overall sales remained strong, exceeding pre-pandemic levels and staying stable against the new growth thresholds established by the booming market of 2021.

Overall, the annual price per square foot reported a new peak of $950/sq. ft.,  showing sellers received excellent value in Miami’s balanced market. In Q4 2023, prices jumped to their second-highest levels. At $951/sq. ft., the price per square foot hovered close to its previous year's closing of $947/sq. ft. – indicating steady appreciation in Miami’s mature luxury housing market.

Overall, the annual days on market statistic reported a 6% year-over-year increase. However, pairing this with the 3% year-over-year decline noted in Q4 2023, historically known to be a slower quarter, buyers and sellers were consistently quick to close deals. 

Further, inventory levels increased by only 5.9% compared to December 2022, keeping the market balanced and equally favoring both buyers and sellers.


— Miami Luxury Housing Market Predictions – 2024

From reporting historical shifts in 2021 to showing unwavering stability in 2023, it’s no secret that Miami’s luxury condo market is in one of its most favorable cycles in recent history. Shifting focus from being a vacation hotspot to a global city people choose to call home, Miami’s housing market has grown leaps and bounds. With indications of positive growth in 2024, as real estate experts, we expect the following factors to drive our globally coveted luxury housing market:

  • Owing to the continued migration of businesses, business moguls such as Jeff Bezos or Ken Griffin, and the ever-increasing demand from high-income households moving to Miami for its lucrative tax benefits, we expect Miami’s luxury housing sector to remain in the buyer spotlight throughout 2024.
  • With New Yorkers becoming the new “foreign buyers” in Miami, and our loyalist Latin American buyers returning with an investment of about $5.1 billion in South Florida housing in 2023 alone, we expect deep-pocketed home shoppers to keep the market moving regardless of the mortgage rates.
  • With Miami continuing to be in the international spotlight for banking, trade, wealth management, and all major sports – especially with Lionel Messi’s relocation and FIFA moving its headquarters ahead of the 2026 World Cup – we expect our growing economy to continue fueling demand for luxury housing.
  • With market analysts predicting mortgage rates to fall under the 6-7% range over the next year, we expect more buyers and sellers to get off the sidelines and re-enter the market.
  • Further, with a booming new construction condo market, offering high-end products such as the Bentley Residences or St. Regis Residences, and many of them poised for completion in 2024, like Natiivo and Gale ResidencesAston Martin Residences, and Mr. C Residences, we expect more ultra-high-net-worth and high-net-worth individuals to invest in our evolving landscape.
  • Finally, with our international-grade and active lifestyle powered by destination beaches, nature-dominated landscape, collection of world-class restaurants, and year-round calendar of events, we expect more motivated buyers to land on our sunny shores.

To stay tuned for expert and insider market reports of the luxury condo market in Miami and Miami Beach, subscribe to this blog as we will soon be rolling out separate reports for the overall Miami market, Miami Beach, Greater Downtown Miami, and Coconut Grove plus Coral Gables (collectively).

 

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If you’d like to see for yourself how both of these neighborhoods compare to one another, check out our exclusive video on everything Coconut Grove vs. Brickell. ## Getting Around Both neighborhoods score high on walkability and transportation. Coconut Grove’s village feel makes it naturally walkable with many great parks, outdoor eateries and boutiques within a short distance. Bicycles are also a common form of transportation, and you can always take the free Coconut Grove Trolley to move within the neighborhood limits. ###### Miami Trolley To get to other areas of Miami, you would normally take your car, with the Grove connecting directly to main roads leading to Brickell (10-20 minutes), Coral Gables (15 minutes), US-1 and I-95\. Alternatively, there’s also the option to take the Metrorail, Metromover, and several bus lines. But as with most of Miami, you’ll want your car. ###### Miami Metromover Being a busier and denser area, Brickell takes walkability to another level with cafes, restaurants, convenience stores, banks, and offices on almost every block. It also has more transportation options, including the free Brickell trolley, the Metromover, which can take you to Wynwood, Coconut Grove, and Downtown Miami, bus lines, and the Metrorail. While you don’t need a car to live in Brickell, many residents do. And if you plan to drive, plan to expect heavy traffic during peak rush hours, plus congestion throughout most of the day – it comes with the territory of living in Miami's financial district. ## The Work-Life Flow While Coconut Grove is mostly a residential neighborhood, it includes a mix of professional services offices, important architecture firms, and other creative industry locales contributing to its vibrant, small and medium business environment. New boutique office buildings have been emerging alongside retail and dining, attracting tenants in tech, finance, real estate development and creative sectors. Also, thanks to its proximity to the University of Miami, the Grove attracts both students and faculty, giving the area a college-town feel, with a creative, intellectual vibe that mixes well with its charming eateries, wellness spots, and boutiques. Brickell, on the other hand, lives up to the image of a true modern metropolis. Gleaming high rises line the streets, while pedestrians wait to cross the streets to get to their next lunch meeting. It’s a buzzing international corporate mecca now evolving into Miami's tech hub, with startups, VC firms, and AI labs filling the office space available. While Coconut Grove is all about finding nirvana amid the natural splendor of the South Florida coast, when you compare Brickell vs Coconut Grove, you get a stark contrast. Brickell provides a tropical-chic urban setting where you can rub shoulders with some of the world’s most important players in the international corporate scene, all waterfront, while Coconut Grove offers you nature’s counterbalance. And this is why so many people who work in Brickell also choose to live in Coconut Grove. Brickell is winning you over? Discover top luxury Brickell condos for sale and rent. ## Outdoor Living & Waterfronts Coconut Grove cannot be beaten as far as access to nature goes, as the entire neighborhood is one lush tropical wonderland. Streets serve as walking trails, and there are expansive areas such as Kennedy Park and Peacock Park, where you can play volleyball or kickball, and your furry friends can run leash-free. With Biscayne Bay as its backdrop, the Grove is also a great place to play on the water and enjoy sailing, kayaking, or stand-up paddleboarding, with many marinas available, of which the most notable is the Dinner Key Marina – Miami’s largest! And the breathtaking and historic Vizcaya Museum and Gardens, with its spectacular gardens and natural mangrove forest and excellent cultural programming is a gem of Miami destinations that Coconut Grove gets to call home. Coconut Grove’s charm is working on you? Explore the Grove’s luxury condos for sale and rent. Despite its urban density, Brickell provides plenty of smaller outdoor options with green spaces as well, such as Brickell Park, Brickell Key Park, Alice C. Wainwright Park, and Miami Circle Park, where you can enjoy walking along shady trails, and pups can enjoy off-leash areas. And while the neighborhood is waterfront, it lacks beaches, marinas, or public boating facilities. For this, you’d have to drive 10 minutes to Coconut Grove. ## Arts & Culture Thirty years ago, Coconut Grove was Miami’s first art district before any other existed, and the area still celebrates the arts with a host of fairs and quirky cultural festivals such as: * the King Mango Strut * Goombay Festival * the Coconut Grove Arts Festival. The neighborhood is also home to many small art galleries and artists’ studios, as well as hosting Pinta Miami, a key Art Week highlight. Moreover, it has unique sites where culture, history, and nature converge, such as: * the aforementioned Vizcaya Museum and Gardens * The Kampong National Tropical Botanical Garden * Barnacle Historic State Park. While Brickell is best known for its lively happy hours, Michelin-rated Miami dining, and nightlife venues more than for cultural events, public art installations along the Baywalk and pop-ups during Miami Art Week contribute to its cultural flair. Also, you can easily get to the nearby Downtown Arts District and enjoy the many cultural offerings there, such as: * the Kaseya Center * the Adrienne Arsht Center * Ziff Opera House * the Pérez Art Museum Miami (PAMM). Both neighborhoods also have very good movie theaters. ## The Shopping Edit Coconut Grove offers a charming mix of indie boutiques and lifestyle shops along the streets of the neighborhood’s center, anchored by the CocoWalk, an open-air shopping hub with food and entertainment options that include clothing brands, restaurants, gift shops, bars, and a movie theater. For a luxury shopping experience, you can drive 10 minutes to the Shops at Merrick Park in neighboring Coral Gables, or head to Brickell. For groceries and daily essentials, residents rely on nearby premium markets like The Fresh Market, Milams, Aldi, or specialty spots on Grand Avenue (organic produce, artisanal goods), as well as the Coconut Grove Farmer’s Market. A 10-minute drive will also take you to the Trader Joe's in Coral Gables. In Brickell, you’ll have a huge array of shopping options along Brickell Avenue, with the crown jewel being the multi-storied, luxury shopping destination at Brickell City Centre. Here, you’ll find a Saks Fifth Avenue, as well as other noteworthy brands like Zara, Apple, Anthropologie, and contemporary favorites for fashion, beauty, jewelry, and home goods, plus entertainment like a cinema and a mini golf. For the day-to-day, there’s a Publix near Brickell City Centre, a Whole Foods just over the bridge in Downtown Miami, as well as multiple pharmacies and specialty spots for organic produce and artisanal goods. Plus you’re 10-minutes from Coconut Grove’s Fresh Market. See what we are getting at here? ## Signature Flavors Coconut Grove is home to some of Miami’s most delightful outdoor cafés, world-class restaurants, as well as sports bars and even old-school dives where you can get your bohemian groove on. The Grove’s dining options range from vegan to burgers and seafood options, street food, and international fare from all corners of the world. Some of the most notable options include: * Ariete is the Michelin-starred option experimenting with new American cuisine. * Bombay Darbar thrills with the flavors of India. * Sapore di Mare, a classic offering Italian fare with a nautical twist. * Chug’s Diner takes the diner concept to another level with Cuban flavors and its chic aesthetic. * Midorie is a simple-looking Japanese restaurant that lets the flavors speak for themselves. * Los Félix, another Michelin-starred restaurant that elevates the Mexican experience. * Lokal is a casual joint offering the good old American burger, but with locally sourced ingredients. * Bellini is perched atop the Mr. C hotel, offering great views and even better Italian food from the Cipriani family. * Le Bouchon du Grove is your French corner in Coconut Grove. Brickell's dining scene reflects its cosmopolitan energy. From Michelin-starred experiences to power lunch spots and late-night lounges, the neighborhood caters to professionals, foodies, and those seeking Miami's most elevated culinary moments. Some of the area’s best restaurants include: * Elcielo is a Michelin-starred restaurant where chef Juan Manuel Barrientos reimagines Colombian tradition through dramatic, sensory tasting menus. * Cipriani, credited with inventing both the carpaccio and the Bellini, brings the iconic Italian brand to Brickell with refined dishes, nautical elegance, and panoramic views of Biscayne Bay. * The River Oyster Bar is a beloved seafood bistro where locals have both their romantic and business rendezvous over some of the freshest oysters in town. * The Henry offers a wide range of foods, from avocado toasts to braised ribs, ideal for a large group or if you’re undecided on what to eat. * Claudie channels the sun-drenched charm of the Côte d'Azur with elevated Mediterranean dishes. * Dirty French brings bold prime-aged steaks, extravagant seafood towers, and a decadent martini lounge to a neon-glam, Paris-meets-Miami setting in Brickell. * Casa Tua Cucina is a high-end Italian eatery and market with ten individual food stations offering gourmet ingredients, a hundred labels of wine, and a soulful approach to gastronomy. * B Bistro + Bakery is where locals head to satiate their sweet tooth and comfort food cravings, serving croque madames, creative pastries, tuna avo toast, and pastelito pancakes. ## Schools: Coconut Grove vs Brickell ###### Ransom Everglades School Being a well-established residential neighborhood, Coconut Grove wins in terms of the best schools, and not just over Brickell. Coconut Grove is home to some of Miami’s finest private schools and public ones, too. These include the highly-ranked private Ransom Everglades School, as well as the parochial Carrollton School of the Sacred Heart with its beautiful Mediterranean-style campus. Other private schools in the area include Saint Hugh, Saint Stephen’s Episcopal, Coconut Grove Montessori, the Vanguard School, and LaSalle High School. Public schools include Coconut Grove Elementary, Frances S. Tucker Elementary, and George W. Carver Elementary and Middle Schools. Of course, Brickell also has several notable schools. Public schools that serve the Brickell area include Coral Way K–8 Center, Southside Elementary School, Ponce de Leon Middle School, and Miami Senior High School, as well as the Robert Morgan Vocational Tech Institute and the highly ranked MAST Academy, located in nearby Key Biscayne. Nearby private schools include Open Hearts Language Academy (OHLA), Key Point Academy, and Brickell International Academy. Our clients often reach out to us for the overview of the best private schools in Miami during their search for the new condo home, and you’ll find some excellent Coconut Grove and Brickell recommendations on our list. ## Architecture & Design The architecture in Coconut Grove is an eclectic blend of new high-rise condos, older boutique condos, Bahamian cottages and Old Florida bungalows, mid-century single-family homes, as well as opulent Bayside mansions nestled in gated communities, and even some historic structures. This variety is part of the Grove's appeal! For those who seek modern condo living, some of the most luxurious building options in Coconut Grove include: * The newly completed Vita at Grove Isle * Grove at Grand Bay * Grovenor House * Mr. C Bayshore & Tigertail Residences * Two Park Grove * One Park Grove And the up-and-coming Four Seasons Private Residences Coconut Grove, which is currently under construction with a 2028 completion date. We are extremely excited to see this boutique luxury Coconut Grove condo come to life, and detail its progress in our exclusive video. For new boutique offerings, Ziggurat is a rare find: an exclusive collection of only 19 luxury homes conceived to provide a private oasis within the Grove. Brickell on the other hand offers a completely different landscape. While South Brickell contains older low and mid-rise buildings plus a handful of mansions and Spanish-style homes from the Mary Brickell era, the bulk of the neighborhood consists of soaring skyscrapers—particularly new, modern high-rises packed with resort-like amenities. Watch our Guide to Living in Brickell video for a true local expert’s view. Some of the most luxurious existing buildings you’ll find in Brickell include: * Santa Maria * Jade Brickell * Brickell Flatiron * Echo Brickell * The Four Seasons Residences Brickell However, Brickell is quickly becoming the world’s destination for ultra-luxury condo living with more than two dozen new construction developments on the way, from supertalls to boutique offerings. In our expert opinion, some of the best Brickell pre construction include: * 888 Brickell by Dolce & Gabbana * The Residences at the Mandarin Oriental, Miami on Brickell Key * St. Regis Residences Miami (in South Brickell) * The Residences at 1428 Brickell * Cipriani Residences * Baccarat Residences * Mercedes-Benz Places * Nobu Residences Miami Watch our exclusive 888 Brickell video interview revealing all the amazing details. ## Prices & Perspective Coconut Grove has a wider range of single-family and duplex housing options, ranging from affordable to extremely affluent, with an emphasis on the higher end of the spectrum. Average listings range around $1,959,878 or about $938 per square foot, but listings can run as high as $22,500,000 or $4,080 per square foot. Brickell’s options lean more heavily toward condo units, which appeal to international investors, young urbanites, young families and C-suite executives seeking stunning Brickell penthouses. Average listings hover at about $484,915, or $357 per square foot, but can run as high as $33,000,000 or $7,119 per square foot. ## Which Neighborhood is Better? Coconut Grove or Brickell? This really depends on what type of person you are and the lifestyle that you seek, since these two neighborhoods are very different from one another, and each offers unique pros and cons. Whether you're debating living in Coconut Grove or Brickell, understanding what each neighborhood offers is key to making the right choice. If you’re more of a nature lover, seeking spacious, family-friendly housing in an exclusive tropical village setting with plenty of access to nature, and close to everything including top schools, Coconut Grove is sure to steal your heart. But if you thrive in an urban core, love being walking distance from work, or are an executive who can’t resist the fast-paced energy of the city, you’ll probably feel more at home at Brickell. If you’re interested in seeing how other neighborhoods compare to one another, for example, Coconut Grove vs Coral Gables or other locations, explore the rest of our Miami Neighborhood Comparisons. Whatever your decision, we’ll be happy to share our 20+ years of experience in Miami’s luxury condo market, as well as our homegrown insights into the advantages of each location. Just give us a call or email, and let us help you sort through the many available listings in Coconut Grove vs Brickell, to help you pick the perfect location for you.

December 2025: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update

Preconstruction

December 2025: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update

South Florida’s pre-construction market finished the year strong, with developers advancing luxury condo developments across the pipeline—from announcing new projects to nailing construction milestones. Palm Beach’s new construction market is definitely heating up as well. This December, Lionbright Development launched sales for the highly exclusive 123 Ocean in Palm Beach Shores. Related Ross’ Shorecrest secured approval for its scaled-back waterfront vision. Olara in West Palm Beach began rising vertically. And, new proposals came to light, carrying momentum into the new year. Read on to find out which Fort Lauderdale project resubmitted plans to add a hotel component, along with other updates in our December 2025 pre-construction condo market news round-up for Fort Lauderdale and Palm Beach. --- ## — December 2025 – Fort Lauderdale & Palm Beach Condo Pre-Construction Market at a Glance ### Sales Launched * 123 Ocean – Palm Beach Shores ### Approved * Shorecrest – West Palm Beach ### Planned/Proposed * Sereno Fort Lauderdale – Fort Lauderdale * Condos at Pomp by Lennar-Affiliate – Pompano Beach * One on One Harbor Beach (also Harbor Drive Residences) – Fort Lauderdale ### Construction Updates * Olara – West Palm Beach ### Other Updates * Sage Intracoastal Residences – Fort Lauderdale ### Watchlist * One Boca by Terra & Frisbie Group – Boca Raton * Kadima Developers Acquires Casino-Adjacent Lot – Hallandale Beach --- ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Sales Launched ### 123 Ocean – Palm Beach Shores **Groundbreaking: 2026 | Completion: Late 2027** Lionbright Development launched sales for the boutique 123 Ocean in December. Designed by Arquitectonica, the six-story building will rise with only 27 luxury residences. Perched at 123 Ocean Avenue, you will be next door to the Palm Beach Shores Community Center and enjoy direct beach access via private walkways. Each home will feature refined interiors by Asthetique, layered with vintage-inspired textures that reflect Palm Beach’s unique character. Expect direct elevator entry, a choice of two distinctive chef’s kitchen designs, Bosch appliances, white oak and soft brass accents, expansive balconies, and cinematic ocean views at every turn. Units will range from 1,581 to 3,100 square feet. Highlight amenities include a pool and sun deck, a wellness suite with ice bath and infrared sauna, a fitness studio, a residents’ lounge, a media room, a children’s play space, and landscape architecture by Naturalficial. _Prices start at $1.7 million, with a choice of one- to three-bedroom residences. Reach out to secure your residence early in this intimate building, offering a villa-in-the-sky sensibility in one of Palm Beach Shores’ premier beachfront neighborhoods._ ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Approved ### Shorecrest – West Palm Beach **Groundbreaking: Early 2026 | Completion: Summer 2028** With approval from the West Palm Beach Planning Board, Related Ross can now move forward with plans for its 306-foot waterfront condo at 1901 North Flagler Drive. The project has been approved with a lower density than its previously proposed 199 units. The 2-acre site is currently home to Temple Israel, which will be relocated and its structure demolished to make way for the new development. Designed by Connecticut-based Roger Ferris + Partners, the 27-story Shorecrest will rise with a distinct curvilinear form, accentuated by a reflective glass facade. Units will feature larger-than-average layouts, with most showcasing stunning views of the Intracoastal Waterway. All 100 residences will feature interiors by New York’s Rottet Studio, complete with custom White Oak European millwork, freestanding soaking tubs in the primary baths, white oak wood-plank flooring, and a home automation system. Highlight amenities at the Shorecrest West Palm Beach will include a rooftop deck featuring a 75-foot pool and lounge areas, spa facilities, a fitness center, a cocktail lounge, a private dining room, a game lounge, a golf simulator, and a coworking lounge. The LEED Gold-compliant tower will also feature a five-story podium with 204 parking spaces, offering more than two spots per unit. _Prices started at $1 million, with a choice of two- and three-bedroom residences._ ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Planned/Proposed ### Sereno Fort Lauderdale – Fort Lauderdale **Groundbreaking: N/A | Completion: 2028** Developer partners Integra Investments and Flying Point submitted revised plans to the city’s Development Review Committee for Sereno Fort Lauderdale in December. Under the updated proposal, the duo seeks to increase the number of condo units from 76 to 88, along with the addition of 113 hotel rooms. The project will also feature 1,800 square feet of commercial space and 200 parking spaces. Designed by FSMY Architects + Planners, the condo-hotel will rise 14 stories with a separate four-story parking structure. Interiors will be led by UK-based 1508 London. Each home will feature Italian kitchens outfitted with branded appliances and glass balconies affording panoramic views of the ocean, intracoastal, Hugh Taylor Birch State Park, and the Bonnet House Museum & Gardens. Two rooftop amenity decks anchor the project, providing separate spaces for residents and hotel guests to unwind. Units will range from 372 to 1,252 square feet, with dedicated entrances for the condo and hotel portions. Launch prices started at $1.4 million, with a choice of studios to three-bedroom residences. Call, chat, or email us for updated prices and floor plans and secure your spot early in this exceptional condo-hotel. ### Condos at Pomp by Lennar-Affiliate – Pompano Beach Acting via an affiliate land bank, Lennar Corp. acquired 20 acres around 777 Isle of Capri Circle for $50 million this December. The development site is part of The Pomp mixed-use project, where Harrah’s Pompano Beach Casino is already open. As per plans filed back in 2024, Lennar proposed building 344 condos and 82 townhomes on the site. The complex will be home to buildings no taller than seven stories and feature a clubhouse with a fitness center and at least one pool. ### One on One Harbor Beach (also Harbor Drive Residences) – Fort Lauderdale In late December, Camaco Development submitted plans for a 240-foot, 21-story residential tower to the city’s Planning and Zoning Board in December. The project requires special city approval to exceed the 120-foot limit. The building name is not clear yet, with both Harbor Drive Residences and One on One Harbor Beach found in project documentation. It is slated for a January 21 review before the planning and zoning board. Designed by Adache Group Architects and Kora, the waterfront tower is expected to rise with only 36 luxury residences, including two 9,000 square feet penthouses, a five-story parking podium, and a sprawling amenity deck on the seventh floor. Units will feature larger-than-average layouts and start from the fifth floor. Amenities will likely include a pool, a private pool bar, a gym, a game room, and a wellness center. Located at 3049 and 3043 Harbor Drive, the 0.8-acre site sits south of the upcoming St. Regis Bahia Mar & Yachting Center and north of the Harbourage Place condominium. It is also a 5-minute drive from Las Olas Beach, a 10-minute drive from the popular Las Olas Boulevard, and a 15-minute drive from the Fort Lauderdale-Hollywood International Airport. ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Construction Updates ### Olara – West Palm Beach **Groundbreaking: August 2024 | Completion: 2028** New York-based developer Savanna has started vertical construction on its transformative project in West Palm Beach. Work is underway on its 100,000-square-foot podium. Olara is poised to revitalize the North Flagler waterfront with standalone home-like units and 80,000 square feet of exceptional amenities. Its centerpiece private dock is unlike any other in the area, featuring three for-purchase boat slips, a pair of house yachts, and a dedicated seafaring concierge. Designed by Miami-based Arquitectonica, Olara will rise 26 stories with 287 luxury residences. The timeless tower will be part of a 4-acre residential oasis, flaunting aerodynamic curves with glass terraces reflecting the water below. Interiors will be handled by the world-renowned Gabellini Sheppard Associates. The oversized floor plans range from 1,500 square feet to 4,200 square feet. Fronting the Intracoastal Waterway in West Palm Beach, the high-rise will also carry about 1,570 square feet of commercial space and 30,000 square feet of epicurean marketplace space, including an 8,500-square-foot restaurant space helmed by the Michelin-starred Chef José Andrés. You will also benefit from an exclusive partnership with Sollis Health, affording access to the best healthcare concierge professionals. More wellness-focused amenities include an Olympic-size lap pool, a leisure pool with full-service cabanas, a spa with a five-star recovery zone and Japanese-style Onsen, plus 13,000 square feet of indoor and outdoor workout spaces designed by The Wright Fit, inclusive of a yoga and Pilates studio. There will also be a game room, a multimedia lounge, a co-working lounge, a library, and lush landscaping by EDSA. _Prices start at $1.7 million, with a choice of two- to four-bedroom-plus-den residences._ ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Other Updates ### Sage Intracoastal Residences – Fort Lauderdale **Groundbreaking: November 2025 | Completion: Q3 2027** A month after breaking ground, Property Markets Group (PMG) secured a $115 million construction loan for their 25% pre-sold development located next door to the Galleria Mall at 900 Intracoastal Drive. All east-facing condos in this boutique building will offer unobstructed water and ocean views that are permanently protected by the Bonnet House Museum & Gardens and beach situated across the Intracoastal. Designed by Fort Lauderdale-based FSMY Architects, the boutique Sage Intracoastal will rise 28 stories with only 44 residences. No more than two units per floor, interiors by San Francisco-based BAMO, and 270-degree views combine to create a standout boutique living experience. Units will range from 2,767 to 3,400 square feet. With approximately 19,000 square feet of indoor and outdoor amenities, you can look forward to a resort-style pool and lounge, a cafe, a water-view bar and lounge room, a fitness center, a dedicated yoga lawn, a golf simulator, and a Sage Wellness Spa with steam, sauna, cold plunge pool and treatment rooms. Pet lovers will appreciate the dog run and dog walking services. PMG is also in talks to add four boat slips to the property. _Prices start in the high $2 millions, with a choice of two- to four-bedroom residences. Contact us to schedule a private presentation and explore remaining opportunities at this boutique waterfront residence featuring expansive floor plans._ ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Watchlist ### One Boca by Terra & Frisbie Group – Boca Raton Approved by the Boca Raton Planning and Zoning Board, Terra and Frisbie Group can now proceed for a first reading on their proposed 99-year lease of city-owned land, which would enable the development of One Boca. Board members supported the lease, citing the need to encourage development around the Brightline station and noting that downtown redevelopment is long overdue. The large-scale project would feature 765 apartments (77 of which will be workforce), 180 hotel rooms, a 30,000-square-foot grocery store, 120,000 square feet of office space, and 2,100 parking spots across 7.8 acres of city land, including at 101 Northwest Boca Raton Boulevard. If approved, the transit-oriented One Boca would also be home to another mixed-use project featuring 182 condo units at 141 Northwest Fourth Street, a privately owned parcel. The developers are currently under contract to acquire the site. If council members approve the first reading, the lease agreement will be presented to voters for final ratification in March. As per earlier reports, the developers have also proposed a community benefits package, including a reimagined version of Memorial Park, a new city hall and community center, a World War II memorial, a new tennis center with up to 10 clay courts, a playground with banyan trees, and a new children’s museum. ### Kadima Developers Acquires Casino-Adjacent Lot – Hallandale Beach Hot on the heels of breaking ground on Seven Park in Hallandale Beach, Miami-based Kadima Developers made headlines again with the purchase of a 12.2-acre vacant lot next door to the Big Easy Casino. The parcel sits just 10 minutes from the beach, five minutes from the under development, and within walking distance of the neighborhood’s top restaurants. Billionaire Jeffrey Soffer sold the site at 831 North Federal Highway, not including the casino, for $31.1 million. Kadima plans on developing the parcel into a master-planned community, featuring a mix of condos, apartments, retail, entertainment, and warehouse space. For now, the developer flipped about 3 acres of the site for $12 million to an affiliate of Persea Ventures, a Fintech investment firm, while retaining the role of project manager for the sold portion. --- If you love staying on top of pre-construction news and trends in Fort Lauderdale and Palm Beach, subscribe to this blog or our YouTube channel for monthly updates! If you are interested in pursuing a Fort Lauderdale or Palm Beach preconstruction condo, please reach out to us directly to be connected with one of our South Florida preconstruction expert agents.

Top Things to Do in Miami in January 2026

Lifestyle

Top Things to Do in Miami in January 2026

January is all about fresh starts, renewed energy, and pressing the reset button on your mood. And our selection of top Miami events in January 2026 does just that. We’ve got feel-good philanthropic galas, soul-stirring orchestral moments honoring Miami’s Art Deco history, spiritually rich pieces at PAMM, marathon milestones to knock out, and laugh-out-loud nights at the Hard Rock. There’s something for every taste to help you move into the year at your own pace. --- ### Begin the Year by Giving Back: Charity Events and Galas **January 10th, 22nd, and 24th | Multiple Venues** Ring in the New Year with purpose and the simple joy of sharing by supporting one, or more, of these meaningful Miami events in January: #### Be A Voice Gala 2026, January 10 Join the “Voices” championing youth in the foster care system at this elegant black-tie evening and help them open doors to a brighter tomorrow. You get to wine, dine, dance, and bid on exclusive auction items with fellow changemakers at The Ritz-Carlton Key Biscayne, as this year’s theme “Bloom Where You Are Planted” celebrates resilience, hope, and growth. #### YoungArts Miami Gala 2026, January 10 Sponsored by Oscar de la Renta, this evening affair makes a fitting conclusion to National YoungArts Week while supporting rising talents in their pursuit of creative freedom. This year, the five days of multidisciplinary live performances wrap up at the Rubell Museum with a fundraiser and an inspiring awards night. #### Annual Splendor in the Garden, January 22 Get your front-row tickets to an outdoor runway show by Neiman Marcus Coral Gables, and help nurture the next generation of conservationists. Set against the lush backdrop of the Fairchild Botanic Garden, proceeds from this stylish afternoon fund vital school science and education programs, while keeping you on top of trends. #### The Underline Sneaker Ball 2026, January 24 It’s the launch of a signature sneaker, culinary fest, and fundraiser rolled into one! You’ll arrive for the silent auction and a chance to support Friends of The Underline, but end up staying for the eye-popping entertainment and palpable energy. #### The Royal Ball of Prince Orlovsky, January 24 This roaring 20s masquerade offers the rare opportunity to step into an immersive world crafted by the Florida Grand Opera (FGO). Marking the opening night of “Die Fledermaus” at the Adrienne Arsht Center, this one-of-a-kind evening will have you enjoying a champagne tower, a royal ball, dinner on stage, Prince Orlofsky’s legendary hospitality, and the Elevare award ceremony, followed by after-hours entertainment, all while you help fund FGO’s vision for the future of opera. ### Woody De Othello: coming forth by day at PAMM #### **January 1st - June 28th |** 1103 Biscayne Boulevard, Perez Art Museum Miami, Downtown Miami ###### Woody De Othello. Installation: Untitled Works, 2025\. Courtesy the artist, Jessica Silverman and Karma. Photo: Phillip Maisel You have to experience it to fully absorb the nuanced spirituality and ritualistic gravity of Woody De Othello’s immersive installation, widely appreciated during Art Basel 2025. His first museum solo in Miami, “coming forth by day” is heavily inspired by the “Egyptian Book of the Dead: The Book of Coming Forth by Day” (2000) and Othello’s interpretation of written works by Afrocentric scholars. This deeply personal and materially rich exhibit features a series of ceramic and wood sculptures, a large-scale bronze, tiled wall works, clay-painted walls, and subtle use of herbal scents. It will stay on display through to June 28th. ### South Beach Jazz Festival #### **January 8th-11th |** Multiple Venues Across Miami Beach With the theme “From Disability to Serendipity,” this Miami Beach tradition brings together jazz musicians of all abilities and statures to fill your weekend with smooth vocals and timeless melodies. It’s easily one of the top Miami events in January 2026, so come and experience the rich legacy of jazz in Miami, as this annual celebration unfolds across free outdoor concerts and club shows. This year’s lineup includes Federico Britos Jazz Quintet, John Pizzarelli, The Harden Project, Spam AllStars, the Spanish Harlem Orchestra with special guest Etienne Charles, Ricky Ricardi, and Lemon City Trio, among other classic to contemporary artists. ### Art Deco Weekend #### **January 9th-11th |** Along Ocean Drive & Lummus Park, South Beach In its 49th year, Art Deco Weekend goes far beyond postcard views, bringing you themed architecture walking tours around South Beach’s most iconic buildings, including the fan-favorite “Crimes and Scandals” tour that gives you all the secrets you’ve always wanted to know about the city’s infamous past. Set along Ocean Drive, this magical weekend feels like a leaf right out of history and gives you an insider’s view of Miami Beach’s timeless glamour and design heritage, while spotlighting the Miami Design Preservation League’s efforts to protect it for future generations. They also have live jazz performances and dance lessons to round out the festivities Miami style. ### Short FILM FESTIVAL: Best of Fest 2025 + Here We Gather: All We Need, We Already Have Exhibit #### **January 11th + January 25th - March 22nd |** 16701 SW 72nd Avenue, Deering Estate, Palmetto Bay Rounding up and scoring all the cinematic gems released over the past year, the MIAMI short FILM FESTIVAL (MIAMIsFF) will be hosting a special evening show on the 11th. After a brief cocktail reception, you’ll be treated to a screening of the winners in the categories of Best Comedy, Best Animation, Best Documentary, and the prestigious Jury Award. Later, on the 25th, “Here We Gather…All We Need, We Already Have” will debut with a free opening reception. True to its name, the exhibit will showcase works made of materials found at the Deering Estate and curated by Dainy Tapia. Featuring works by Rebecca White, David Valiente, Karla Kantorovich, Jessica (Yessica) Gispert, and Maria Theresa Barbist, among other artists, this two-month-long display will highlight the ephemerality of natural materials, allowing them to shift and weather over time, lending the exhibit great repeat value. ### Outdoor Science Lab for Families at the Vizcaya #### **January 15th | 3251 South Miami Avenue, Vizcaya Museum & Gardens, Coconut Grove** The Vizcaya turns into your personal outdoor lab for the night with this after-hours family experience. Guided by local scientists and educators, kids aged 6-12 are invited to explore the fascinating wildlife that crawls out after sunset at these historic grounds. Each child will receive a flashlight at check-in to assist their study, followed by a story circle hosted by the Miami-Dade Public Library plus science-based art and craft activities to round out this immersive learning program. ### Life Time Miami Marathon & Half Marathon #### **January 24th-25th | Course Spans Downtown Miami, South Beach, and Coconut Grove** Miami’s favorite year-opening race is back to challenge 18,500 athletes from more than 80 countries. Choose between a marathon, half marathon, and 5K to test your limits and catch the best of the city en route, from the shimmering bay views of Downtown to the Art Deco landmarks of South Beach, and palm-lined avenues of Coconut Grove. There’s also a Kids Run that will have elementary to middle-school runners competing for top honors and a medal for each at the finish line, if they can conquer the 26.2-mile route. ### Jerry Seinfeld, Stavros Halkias, Penn & Teller, and More Comedy Gold at the Hard Rock #### **January 16th, 17th, 23rd, 24th & 31st |** 1 Seminole Way, Seminole Hard Rock Hotel & Casino, Hollywood Kickstart your year with hearty laughs courtesy of Hard Rock Hotel’s label-defying lineup: #### Stavros Halkias, Jan. 16: If you’ve seen this “Fat Rascal” star on Netflix or tuned into one of his podcasts, then you know you’re in for an evening of belly laughs. He’s bringing “The Dreamboat Tour” to town, and you’re invited to experience his unfiltered self, up close and personal. #### Miami Comedy Festival, Jan. 17 Catch the likes of Earthquake, Special K, and Sommore for a night of nonstop laughs that will echo well beyond the curtain call. #### Jerry Seinfeld, Jan. 23-24 With one of the most successful comedy series of all time to his name, this Emmy and Golden Globe winner needs no introduction. Reserve your seat to dive into the kind of shenanigans he’s been up to lately. #### Penn & Teller 50th Anniversary Tour, Jan. 31 From busking to sold-out Broadway shows, this chaotic duo has come a long way. You won’t want to miss these acclaimed comedic magicians in action, as they bring the antics that made them one of Las Vegas’s most beloved resident headliners to town. ### Ailey II, Rhapsody in Blue, Bronfman Plays Beethoven, and More Performances at the Arsht Center #### **January 8th-31st (check specific event dates) |** 1300 Biscayne Boulevard, Adrienne Arsht Center, Arts and Entertainment District Here are our top picks for performances at the Adrienne Arsht Center this January: #### The Inheritance (Part 1), Jan. 8th-25th Watch the Florida premiere of this two-part contemporary epic that explores the meaning of love, loss, and legacy within the LGBTQ community. It has been praised for being deeply emotional and unexpectedly humorous, intimate and strong. #### Ailey II, Jan. 9th This dance production by Alvin Ailey American Dance Theater’s second company shines a spotlight on its next generation of performers. South Florida native Jordyn White, known for her powerful stage presence, leads the contemporary program with a full ensemble under the direction of Francesca Harper. #### Rhapsody in Blue, Jan. 10th Marcus Roberts’ Trio delivers a fresh take on George Gershwin's masterpiece, in collaboration with the New World Symphony, at this evening program. A fusion of jazz and classical elements, Roberts’ skillful improvisation meets its harmonious match under the technical clarity of conductor Andrew Grams for an electrifying performance. #### Verdi's Requiem, Jan. 23rd-24th If emotionally charged classical works speak to you, then you won’t want to miss this musical production by The Cleveland Orchestra. Led by the acclaimed baton of Franz Welser-Möst, this dramatic presentation moves from grief to hope, backed by powerful percussion and an exceptional quartet including tenor Joshua Guerrero and soprano Asmik Grigorian. **The Royal Philharmonic Orchestra, Jan. 26th** Another powerful piece of Arsht’s 2025–26 Classical Music Series, this program features Vasily Petrenko leading the Royal Philharmonic Orchestra in two meaningful symphonies on its 80th-anniversary tour. We recommend arriving early to catch the pre-show discussion, scheduled an hour before the show. #### Itzhak Perlman’s Cinema Serenade, Jan. 28th Legendary violinist Itzhak Perlman partners with The Cleveland Orchestra to serenade you with the silver screen’s most stirring melodies. Gear up for an intense evening as the lineup includes “Schindler's List’s” hauntingly beautiful score and the evocative love theme from “Cinema Paradiso.” #### Mikailo Kasha, Jan. 30th Ranked among the top 1% of bassists worldwide, Miami’s own Mikailo Kasha will be taking center stage at the Arsht Center’s outdoor plaza. Expect to tune into the award-winning composer’s original works, as he leads his modern jazz quartet for an unforgettable concert experience under the stars. #### Bronfman Plays Beethoven, Jan. 30th-31st Another can’t-miss concert for classical music fans, this program pairs Beethoven's Piano Concerto No. 5 with Mozart's Symphony No. 41 to deliver a rare masterpiece. With Grammy Award-winning pianist Yefim Bronfman at the keyboard, you’re in for a spectacle worth remembering. --- Take this guide as an invitation to start the year connecting with others and enjoying cultural expressions that will remind you why Miami is the place to be in 2026\. From supporting meaningful causes and exploring cultural depth to riding an emotional wave of music or laughing the night away, there’s a wide range of Miami events in January to keep you energized. And as always, we’d love to hear what made it onto your calendar, so be sure to drop us a comment on our socials. Follow @blackbookproperties on Instagram to join the fun as we bring you highlights from Miami’s hottest annual events. Alternatively, call, text, or email us to become a part of our vibrant community and experience these events with a Miami address of your own.

Video: Tour this $5M, 4-Bedroom + Den, Bayfront Duplex in Edgewater’s Missoni Baia

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Video: Tour this $5M, 4-Bedroom + Den, Bayfront Duplex in Edgewater’s Missoni Baia

Love the privacy and space of a standalone home but desire the conveniences and security of a luxury waterfront Miami condo? Then this 4,400-square-foot, 4-bedroom, 6.5-bathroom duplex with staff quarters delivers the best of both worlds, complete with uninterrupted water views, in one of Miami’s newest fashion-branded condo towers, Missoni Baia. In our latest Missoni Baia video, Sep Niakan, Miami’s leading luxury real estate expert and founding broker of Blackbook Properties and condoblackbook.com, joins Katia Bon, our go-to expert for hidden gems in Miami’s urban core and in-house master baker and cookie master, for a closer look at life inside this ultra-rare, two-story, Missoni Baia townhouse offering more than 4,000 square feet of pure luxury. ### A Bayfront, Entertainer’s Paradise One of only two duplexes in the 57-story Missoni Baia tower, this limited-edition southeast corner home offers grand proportions and expansive water views—a combination rarely found in Edgewater neighborhood. Built to adapt to your lifestyle, this 4,400-square-foot residence features four bedrooms, an open den or study, 6.5 bathrooms as well as staff quarters (behind the kitchen) that can easily be converted into a walk-in pantry, game room, or additional room. ### The Chef’s Kitchen Love cooking or prefer having someone else prepare meals in this Missoni Baia condo? Your chef-ready kitchen comes pre-loaded with Wolf and Sub-Zero appliances, cabinetry from Italkraft, and a built-in wine cooler—all handpicked to afford both everyday convenience and entertainment-ready functionality. Plus a bonus room off the kitchen with a full ensuite bathroom doubles as a massive walk-in pantry or ample staff quarters. Add direct water views from the kitchen and an expansive stone island to the mix, and even your routine coffee becomes a ritual worth sharing. ### Impressive Living Room Area The double-height living room is the absolute centerpiece of this Missoni Baia condo for sale. With floor-to-glass windows spanning the entirety of the 4th and 5th floors, overlooking your balcony that runs the entire width of the residence, you have access to uninterrupted bay views and extended hours of natural light. True to its “entertainer’s paradise” reputation, this space further lends itself as easily to sunlit afternoon get-togethers as it does to elaborate evenings set against the romantic glimmer of the bay. ### Primary Bedroom with Master View Just up the stairs, your open den is perfectly positioned to inspire, complete with sweeping water and sky views. Tucked further inside, the primary bedroom in this Missoni Baia duplex offers its own share of views, a spacious walk-in closet, and a spa-like bathroom complete with freestanding soaking tub, his dual toilet closets, dual sinks, and a double, walk-in shower with dual rain showerheads, creating a sanctuary of calm you’ll love returning home to. ### The Missoni Baia Miami Experience Set against 200 feet of bay frontage, this minimalist glass tower comes alive with Paris Forino Design’s interpretation of Missoni’s iconic color palette for the interiors. Amongst the tower’s two floors of resort amenities, the Olympic-length lap pool, tennis courts, 1,700 square-foot gym with 180-degree views, full-service residents-only spa, and children’s splash pad stand out as favorites for those who value a wellness-focused lifestyle. You further enjoy access to a separate infinity-edge pool overlooking the bay, multiple lounges, a resident’s game room, a kids’ club, a hair and nail salon, a pet spa, and a bayfront boardwalk that takes you all the way to Downtown Miami. ### Missoni’s Edgewater Location: Central to Everything in Miami Within the neighborhood, you have the 8-acre, family-friendly Margaret Pace Park for everything—from fitness training to dog runs and family picnics. Further, Edgewater’s collection of restaurants is second to none; you have everything from waterfront fine dining to cafes and healthy bites close home. As mentioned above, a leisurely walk takes you right into the heart of Miami’s urban core to experience the best of art, culture, sporting events, and fine dining in Downtown. Miami’s Design District—known for its selection of couture shops, flagship stores, top-rated restaurants, and public art installations—is just a 10-minute drive from home. South Beach and its iconic nightlife sit right across the scenic Venetian Causeway, about 20 minutes by car. You are also just 20 minutes from the international airport. This Missoni Baia condo for sale is listed at just under $5 million—contact us directly if this waterfront lifestyle in one of Miami’s most desirable family-friendly neighborhoods speaks to you. We’ll gladly schedule a private viewing, so you can experience the views, scale, and finishes firsthand.

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