If the idea is to invest in Miami pre-construction projects, then you should keep reading this post because we'll show you everything you need to know. You'll see what these new projects entail, especially in the South Florida area, including locations, prices, payment plans, construction timelines, etc.
It's worth noting that those who take the risk of buying when a pre-construction project is first launched have greatly benefited from their investment. Currently, there are many projects in Miami where you can turn your attention and consider investing for returns in 3, 4, or 5 years.
Investing in Miami Pre-Construction Projects specifically, means taking the money you've allocated for investment and betting on something that's still on paper. Yes, as it sounds, these are pre-construction projects that, when launched, you can only see as blueprints and 3D models.
But these are ambitious projects where, in 3, 4, or 5 years, you could be receiving the returns that were initially offered to you. Before investing in these types of projects, you should consider several factors and variables, which will be explained later, and you should always have an advisor.
You might be interested in: investing in Miami.
There are many differences between investing in Miami pre-construction projects or a completed property, but the most notable ones are the following:
When investing in Pre-Construction projects in Miami you can gain many benefits, among which we can mention:
There is certainly a process for investing in Pre-Construction projects in Miami that is specifically defined, and we explain what its different stages entail.
This is definitely the ideal stage to start your investment, allowing you to reserve with 10% of the selected unit's price.
According to Florida law, you can review and evaluate your contract for up to 15 days, with the option to withdraw if there's anything you don't like. This is where the "legal ties" procedure begins, and after those 15 days, you'll have a signed contract with the developer.
By this point, you should have paid at least 30% of the unit's cost.
At this stage, you will need to pay another 10% of the selected unit's value, bringing your total payment to between 10% and 40% of the total value.
From this stage onwards, you will receive your keys and begin to enjoy the property you acquired, whether for living in or for leasing out.
Next, we will present the 10 best residential projects currently in Miami that could have a significant impact:
This is an attractive investment in Brickell, offering luxury apartments with short waiting times and fully furnished.
High-end residences currently under construction, featuring an excellent price per square meter and an enviable location.
This is an extremely luxurious tower located in Miami, featuring very spacious apartments with ocean and city views, also situated in Brickell.
They boast an enviable location with excellent views, feature a helipad, and include 13,037 square feet of retail space.
Reserve now with 10% for an apartment, with sizes ranging from 46 to 223 square meters.
The best price per square meter you'll find, with residences and common areas in an extremely tranquil environment featuring cutting-edge technological innovations.
Located on the banks of the Miami River, this beautiful 45-story residential tower will offer penthouses and 1- and 2-bedroom apartments.
Apartments with attractive ocean and city views, featuring over 120 luxurious residences ranging from 38 to 181 square meters.
Project currently under construction, with residences in South Brickell, and over 60% of units already sold. Prices start from $1,325,000.
If you like Miami World Center, this is your investment project, offering unbeatable prices per square meter. Its luxury towers will be authorized for short-term rentals with Airbnb.
You might also be interested in: investing in Brickell.
There are several risks and challenges when investing in pre-construction projects in Miami, so let's look at some of them:
Depending on the project, delivery could take between one and three years, which might be an inconvenience if you're looking for immediate results.
The project may face delays due to various issues such as permits or materials, and this would affect the delivery time.
Remember to consider additional fees, closing costs, and maintenance fees that are rarely clear at the outset.
Here are some tips before you decide to invest in Pre-Construction projects in Miami, consider the following:
This is the guarantee deposit account, intended for the down payment you make for a pre-construction project. By law, every developer must operate with an escrow account for each project, and this is something you should verify when investing in pre-construction.
You should know the general layout of the project, how each level is structured, and the unit types.
To get a clearer idea when it comes to investing in Pre-Construction projects in Miami, let's look at some concrete examples. For a luxury property in Miami, the price could range from 1 million to 5 million dollars.
If you decide to buy a pre-construction property, the initial cost is quite likely to be lower, for example, a $500,000 property. Here, you might need between $100,000 and $150,000 for the reservation, in addition to closing costs and other additional expenses.
These could be in the range of $20,000 to $30,000; ultimately, you would need between $120,000 and $180,000 as an initial investment.
Let's look at the main associated taxes and expenses you must pay when investing in pre-construction in Miami:
Annual tax based on the assessed value of the property; in Florida, the average rate is 0.98%.
In Miami, you must pay this tax based on the property's purchase price, applied to the transfer deed. The current rate is $0.70 per $100 of the purchase price.
Tax applied to mortgages, calculated at a rate of $0.002 per dollar of the mortgage amount.
In addition to the taxes already mentioned, you should also consider closing costs, inspection fees, appraisal fees, legal fees, and insurance. These additional expenses will vary depending on the location and type of property, so you need to know exactly what you are buying.
Generally, if a developer does not complete the offered project, another developer or a liquidator could simply take it over. However, investors may also initiate certain claims, allowing them to:
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If you're thinking of investing in pre-construction projects in Miami, we recommend reading more about: Miami real estate market 2025.
If you are considering investing in Pre-Construction projects in Miami, it's always advisable to consult with experts. Simply contact us—consult with Domoblock!
The best investment for your money will always be one you've carefully considered and discussed with those who know the chosen sector. Be one of our fortunate clients.
Convento San Francesc, 5
Funded
100%
€676,972.00
Target
€676,972.00
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