Investing in new construction projects in Miami offers a unique advantage: developers often provide interest-free payment plans during the construction phase. With an initial deposit starting at around 10%, you can secure a prime piece of real estate in one of the fastest-growing markets in the U.S. Over the past decade, property prices in Miami have surged by 188%, and demand for both purchasing and renting continues to rise.
For investors looking to maximize returns, short-term rentals provide an excellent opportunity to generate substantial income. Below are the top five new construction projects in Miami for 2024 that not only allow short-term rentals but also offer an initial deposit starting from $60,000. These carefully selected properties are set to become highly liquid assets in your investment portfolio.
1. Palma Miami Beach
- Location: Miami Beach
- Starting Price: $599,000
- Completion Date: 2026
- Key Features: Palma Miami Beach is a 14-story iconic building designed by Built Form, located just steps away from the beach. It offers luxurious, fully furnished residences with modern open floor plans and panoramic views of the ocean and bay. The project allows for short-term rentals, making it an ideal investment for those looking to capitalize on Miami’s booming rental market.
2. Elle Residences
- Location: Edgewater
- Starting Price: $525,000
- Completion Date: 2027
- Key Features: Elle Residences is the first residential concept by the renowned fashion magazine and lifestyle brand Elle. Located within walking distance of the famous Miami Design District, this building offers stylish, fully furnished residences with short-term rental options. The prime location and brand association make this a standout investment opportunity in Miami’s luxury real estate market.
3. Edge House
- Location: Edgewater
- Starting Price: $425,000
- Completion Date: 2028
- Key Features: Edge House Miami Residences offers luxury living in the vibrant Edgewater neighborhood. The building provides modern amenities, fully furnished residences, and is LEED certified. With no rental restrictions, this project is perfect for investors aiming to capitalize on the high demand for short-term rentals in Miami.
4. Diesel Wynwood
- Location: Wynwood
- Starting Price: $685,000
- Completion Date: 2025
- Key Features: Diesel Wynwood is an exclusive residential project designed in collaboration with the famous brand Diesel. This development combines industrial, creative, and fearless aesthetics with cutting-edge technology and innovative design. Located in Wynwood, one of Miami’s most eclectic and vibrant neighborhoods, this project is perfect for investors looking for a unique property that stands out in the market.
5. Rose Wynwood
- Location: Wynwood
- Starting Price: $442,000
- Completion Date: 2027
- Key Features: Rose Wynwood is designed to promote a more sustainable, active, and community-focused lifestyle. The project features 140 residences ranging from studios to three-bedroom apartments, all offering flexible rental options. With amenities like wellness centers, green spaces, and a pool, this project is set to attract both tenants and investors alike.
These top five new construction projects in Miami offer not only an affordable entry point with initial deposits starting from $60,000 but also the potential for significant returns through short-term rentals. As Miami’s real estate market continues to grow, these investments will remain highly desirable assets for years to come.