Pre-construction condos in Miami let you buy at launch pricing and pay in stages, but they carry timeline, financing and market risk. This guide explains deposits, delivery, assignment and resale so you can judge a project before you sign.
At a glance
- Deposits commonly total 20% to 50% of the price, paid in stages before closing.
- Delivery often takes 2 to 4 years; delays are possible.
- Florida law protects deposits through escrow, but buyers should verify the escrow agent and contract terms.
- Assignment (reselling before closing) may be restricted or require a developer fee.
Price ranges: property type, price and where to look
| Segment / property type | Typical price range | Where to look |
|---|---|---|
| Studio / 1 bed | $450K – $900K | Edgewater, Downtown, Brickell |
| 2-3 bed | $900K – $2.5M | Brickell, Miami Beach, Sunny Isles |
| Branded residences | $2M – $15M+ | Coconut Grove, Miami Beach, Surfside |
| Penthouse | $5M – $40M+ | Brickell, Miami Beach, Sunny Isles |
Neighborhoods, schools, transport, safety and lifestyle
- Brickell
- Dense financial district with many launches; high supply.
- Edgewater / Midtown
- Bay views and newer towers at lower prices than Brickell.
- Sunny Isles / Surfside
- Oceanfront branded towers with strong international demand.
- Downtown
- Transit access, arena district and cultural venues.
- Miami Beach
- Limited supply, premium pricing and brand-name developments.
Contract risks
Review the developer's financial strength, construction milestones, force majeure language, and what happens if completion is delayed. Ask whether deposits above 10% are held in escrow or used for construction.
Financing at delivery
Lenders appraise at closing; if the appraisal comes in below the contract price you need the cash difference. Plan for 25% to 30% down for foreign buyers and some investors.
Buyer checklist: from budget to closing
- Set your budget. Define a monthly ceiling that includes taxes, insurance and HOA, and the cash you will bring to closing.
- Get pre-approved. Compare at least three lenders and obtain a written pre-approval before touring.
- Choose your agent. Work with a local buyer's agent who knows pricing, flood zones and building rules.
- Make a data-backed offer. Base the offer on recent comparable sales, days on market and condition.
- Inspect everything. Order a general inspection plus roof, 4-point, wind mitigation, pool or marine inspections as needed.
- Insure the property. Request homeowners, wind and flood quotes before the inspection period ends.
- Close with confidence. Review the title, final walk-through and closing disclosure; wire funds only after verifying instructions by phone.
Ready to look at real homes?
See current residences or speak with Yairo for a private shortlist, price comparison and next steps.
Frequently asked questions
How much deposit is required for pre-construction?
Usually 20% to 50% over several installments.
Can I resell before closing?
Only if the contract allows assignment; some developers restrict it or charge a fee.
What if the project is delayed?
Check the contract; many allow extensions before you can cancel.
Is pre-construction a good investment?
It can be, but returns depend on delivery timing, local supply and your exit plan.
Are deposits protected?
Florida law requires escrow of deposits in certain cases; verify the escrow agent and read the disclosure.
Related guides
Prices and figures on this page are indicative ranges for planning and change with the market, interest rates, insurance and building rules. They are not an offer, legal, tax or financial advice. Confirm current numbers with your agent, lender and advisors.