Miami’s real estate market continues to flourish, with pre-construction projects leading the way in terms of innovation, luxury, and investment opportunities. As 2024 approaches, many highly anticipated developments are set to be completed, offering buyers and investors the chance to get involved in Miami’s ever-evolving skyline. Here’s a look at some of the top pre-construction projects finishing in 2024, each bringing its own unique appeal to the Miami real estate scene.
1. 5 Park Miami Beach
5 Park Miami Beach is set to become an iconic addition to the South Beach skyline. This 48-story residential tower will offer 280 units ranging from one- to four-bedroom residences, all designed to maximize breathtaking views of the Atlantic Ocean, Biscayne Bay, and Downtown Miami. Positioned at the entrance of the South of Fifth (SoFi) neighborhood, the development gives residents easy access to Miami Beach’s best parks, beaches, and nightlife.
5 Park will offer resort-style amenities including a rooftop pool, a state-of-the-art fitness center, a luxurious spa, and co-working spaces to cater to remote workers. The development is also designed with sustainability in mind, featuring electric vehicle charging stations and eco-conscious building materials. As one of Miami Beach’s most exciting new addresses, 5 Park is perfect for those seeking luxury beachfront living or a prime investment opportunity.
2. 72 Park Miami Beach
Just north of South Beach, 72 Park Miami Beach is another highly anticipated development scheduled for completion in 2024. This 22-story tower will bring a contemporary design to the North Beach neighborhood, featuring 206 residences ranging from studios to three-bedroom units. The building’s elevated architecture will offer stunning views of the Atlantic Ocean, Biscayne Bay, and the Miami skyline.
72 Park is designed to offer a laid-back Miami Beach lifestyle with luxury amenities such as a rooftop pool deck, private cabanas, a fitness center, and a residents’ lounge. Its location just blocks from the beach, combined with flexible rental policies, makes it an attractive option for both full-time residents and investors looking for a vacation home with income potential. North Beach’s ongoing revitalization adds further value, making 72 Park a standout in Miami Beach’s booming market.
3. Alana Bay Harbor Islands
Alana Bay Harbor Islands brings a sophisticated and boutique living experience to the tranquil Bay Harbor Islands community. This eight-story building will feature just 30 residences, providing an intimate and exclusive atmosphere. With its completion scheduled for 2024, Alana will offer two- to three-bedroom residences with expansive terraces, providing indoor-outdoor living spaces that capture the essence of Miami’s tropical charm.
Alana’s amenities include a rooftop pool, a fully equipped gym, and private cabanas, giving residents a resort-style experience within the calm and serene setting of Bay Harbor Islands. The building’s proximity to Bal Harbour Shops, fine dining, and the beach makes it ideal for those seeking a luxurious yet peaceful lifestyle. The exclusive nature of this development and its prime location make Alana a top choice for discerning buyers looking for both luxury and privacy.
4. Arbor Coconut Grove
Arbor Coconut Grove is designed to bring a contemporary yet eco-friendly living experience to the historic Coconut Grove neighborhood. Slated for completion in 2024, this boutique building will offer just 52 residences, ranging from two- to three-bedroom units, each featuring natural materials and expansive balconies. With its lush landscaping and focus on sustainability, Arbor blends perfectly with Coconut Grove’s green and laid-back atmosphere.
Residents of Arbor will enjoy amenities such as a rooftop deck with a pool, a fitness center, and beautifully landscaped gardens, all designed to enhance the connection between indoor and outdoor spaces. Coconut Grove itself is known for its rich cultural history, walkability, and waterfront parks, making Arbor an attractive option for families and individuals who value both a peaceful community and modern conveniences. The development’s close proximity to top schools, shops, and dining adds to its appeal for those seeking a balanced, luxury lifestyle.
Why 2024 is a Major Year for Miami’s Real Estate Market
The pre-construction projects finishing in 2024 represent a broad spectrum of Miami’s ever-expanding real estate landscape. From the ultra-luxury waterfront towers of South Beach to boutique developments in quieter neighborhoods like Bay Harbor Islands and Coconut Grove, there is something for every type of buyer or investor.
Many of these projects, such as 5 Park Miami Beach and 72 Park Miami Beach, cater to both residents and investors, offering flexible rental policies and prime locations close to Miami’s top attractions. Others, like Alana Bay Harbor Islands and Arbor Coconut Grove, offer a more intimate, community-focused lifestyle while still delivering high-end amenities and modern design.
2024 will mark the completion of some of the most exciting developments Miami has seen in recent years, further cementing the city’s status as a global destination for luxury living and smart investment. Whether you’re looking for a beachfront residence, a vacation home with rental income potential, or a private retreat in one of Miami’s quieter neighborhoods, these pre-construction projects finishing in 2024 offer something for every discerning buyer.