The market is currently bifurcated, with a widening gap between newer, compliant buildings and older stock facing regulatory pressure.
Always review the building’s reserve funds and recent structural reports. Newer buildings (<30 years) often have zero carrying costs until delivery but higher initial PPSF.
These properties, such as Five Park Miami Beach (entry ~$1.5M) and Perigon Miami Beach (targeting $3,500/sq ft), command massive premiums. They are favored for their compliance with post-Surfside safety regulations and modern reserve funding.