Miami Ultra-Luxury Real Estate 2026
In 2026, Miami’s ultra-luxury real estate market has fully evolved from a speculative playground into a strategic, long-term wealth platform for global capital. The city’s skyline is now a tapestry of branded residences, record-breaking supertalls, and historically significant restorations that function as “collectible” assets for ultra-high-net-worth (UHNW) families and institutional buyers.
In this environment, the role of the advisor has shifted from transaction facilitator to strategic wealth curator. The Ivan and Mike Team stands at the center of this transformation, advising on some of the city’s most complex developments and assembling portfolios that treat prime Miami real estate as a core balance-sheet asset rather than a discretionary purchase.
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Miami’s 2026 Ultra-Luxury Market in Structural Realignment
The 2026 cycle marks a clear transition from the speculative intensity of earlier booms towards a more mature, value-driven phase defined by design quality, scarcity, and long-term equity growth.
While many U.S. metros experienced volatility in late 2024 and 2025, Miami-Dade County posted one of its strongest periods on record. In late 2025, total monthly dollar volume in residential real estate surpassed 1.6 billion, an increase of more than 11% year-over-year, with transactions above 1 million climbing by nearly 20% in the same window.
The most telling datapoint is liquidity: cash buyers now account for approximately 43% of all Miami-Dade transactions, and that share is significantly higher in the ultra-luxury segment where speed and certainty of execution are paramount.
Comparative Economic Performance: Miami-Dade Real Estate (2024–2026)
| Indicator | September 2024 | September 2025 | Projected 2026 Trend |
|---|---|---|---|
| Total Dollar Volume | 1.44B | 1.60B | Sustained Growth |
| 1M+ Condo Transactions | 118 | 133 | Upward Velocity |
| Median Condo Price | 420,000 | 420,000 | Price Stabilization |
| Active Listings (Total) | 15,035 | 18,057 | Inventory Expansion |
| Cash Transactions (Share) | 40.1% | 43.0% | Dominant Liquidity |
Figures illustrative of the wider trend: rising volume, stable median prices, and increasing cash share in a maturing luxury market.
Structural Drivers: “COVID 2.0” and the New Migration Logic
Today’s demand is not a short-lived pandemic spike; it is a structural reallocation of people, corporate entities, and capital. Wealth migration to Miami is being driven by:
Potential wealth and income tax changes in high-tax states, including California.
Operating-cost optimization for family offices, hedge funds, and fintech firms relocating to what is now frequently called the “Wall Street of the South.”
The desire of decision-makers to align their residential environment with the efficiency and service standards they expect in their professional lives.
As executives move entire ecosystems, families, family offices, and corporate headquarters, to South Florida, they require representation that understands both lifestyle and capital structure. It is within this niche, at the intersection of personal and institutional decision-making, that the Ivan and Mike Team has built a leadership position.
Relocating a family office or executive hub to Miami?
Schedule a confidential strategy call with the Ivan and Mike Team to align neighborhood selection, tax sensitivities, and off-market access with your long-term mandate.
The Ivan and Mike Standard of Elite Advisory
The ascent of Miami’s ultra-luxury market has created a clear distinction between traditional brokerage and advisory-level representation. Ivan Chorney and Michael Martirena operate squarely in the latter category.
With more than 2 billion in lifetime transactions and over 358 million in sales in 2024 alone, their team ranks as the #1 new construction team in Miami and a top performer within Compass’s nationwide network.
Their methodology includes:
Comprehensive, data-driven market analysis across neighborhoods and asset classes.
Direct relationships with leading developers, allowing priority access to pre-release inventory.
Sophisticated coordination around tax, entity structuring, and cross-border capital flows for international UHNW clients (in concert with legal and tax advisors).
A white-glove service model that covers the full cycle from acquisition strategy through post-closing integration.
Want a custom ultra-luxury market briefing?
Request a 2026 Miami ultra-luxury market dossier tailored to your price range and target submarkets.
Flagship Projects: How Ten Developments Are Redefining Miami in 2026
The following ten projects exemplify the forces reshaping Miami’s ultra-luxury landscape: historic restoration, branded hospitality, sustainability, technology, and extreme scarcity. They also illustrate why sophisticated representation is no longer optional, but essential.
1. The Raleigh, A Rosewood Hotel & Residences: An Icon Reborn
The Raleigh represents one of the most significant restoration efforts in Miami Beach history and anchors what is widely regarded as “Billionaire’s Beach” along Collins Avenue. The three-acre estate at 1775 Collins Avenue is undergoing a 1 billion transformation led by SHVO, in partnership with Rosewood Hotels & Resorts.
Originally designed in 1940 by Lawrence Murray Dixon, The Raleigh’s rebirth is being overseen by architect Peter Marino, who is unifying three historic structures, The Raleigh, The Richmond, and The South Seas—into a cohesive ultra-luxury campus.
A new 17-story residential tower designed by Peter Marino introduces 40 private residences conceived as “collectible art”: interiors feature noble stones, artisan plasters, and hand-finished millwork. Pricing ranges from approximately 10 million to over 100 million for the penthouse, targeting a global cohort that values heritage, architecture, and privacy above simple square footage.
The Ivan and Mike Team has been specifically selected to lead the sales relaunch, reflecting both the complexity of the redevelopment and the need for advisory-level communication with UHNW buyers monitoring construction milestones and restoration progress.
2. Waldorf Astoria Residences Miami: The Supertall Benchmark
The Waldorf Astoria Residences Miami is Miami’s first true supertall, rising 100 stories and reaching 1,049 feet above Downtown. Designed by Sieger Suarez Architects, the building’s nine offset glass cubes create a vertical sculpture that has already become a global visual signature for the city.
The tower combines a Waldorf Astoria–branded hotel with roughly 400 ultra-luxury residences. Owners benefit from the brand’s global recognition and comprehensive service standards, including private elevators, expansive floor plans, and panoramic views spanning from the Atlantic Ocean to the Everglades.
Pricing ranges from approximately 4 million to 50 million+, reflecting its status as a marquee asset in Miami’s cultural core, within proximity to the Adrienne Arsht Center and key transport nodes. For international investors, Waldorf Astoria offers both lifestyle and brand-backed value preservation.
3. 619 Brickell (Nobu Residences): Hospitality Meets Urban Dynamics
As Brickell cements its status as Miami’s primary hub for corporate relocation, Nobu Residences at 619 Brickell emerges as a cornerstone of the district’s luxury vertical living. Developed by Fortune International Group and designed by Foster + Partners, the 74-story tower integrates the Nobu hospitality brand into Brickell’s waterfront skyline.
The project offers 448 fully furnished residences, providing turnkey solutions for buyers who prioritize immediate usability and consistent design quality. Interiors by Shim Projects employ natural materials aligned with Nobu’s recognizable aesthetic, complemented by Smeg appliances and bespoke Italian cabinetry.
A signature Nobu restaurant on-site joins co-working spaces, multiple pools, and a bay-front fitness center to create a full lifestyle ecosystem for executives and global travelers.
4. Aman Residences Miami Beach: Boutique Scarcity at Its Peak
In the ultra-luxury segment, the ultimate currency is privacy. Aman Residences Miami Beach deliver this with only 22 oceanfront residences in one of Miami Beach’s most coveted zones.
The Aman brand is globally associated with “quiet luxury” and personalized service; this project translates that ethos into a residential context with expansive floor plans, private terraces, and minimalist interiors anchored in natural materials.
Ownership includes access to Aman’s worldwide network of resorts and private clubs, positioning these residences as trophy assets whose scarcity buffers them against broader market cycles.
5. The Residences at 1428 Brickell: Sustainable Innovation and Wellness
The Residences at 1428 Brickell represent a turning point for sustainability in luxury high-rise design. Developed by Ytech, the 70-story tower is among the first in the world to employ large-scale photovoltaic glass as a core design and operational element.
Its 189 residences are crafted as “sky villas” with extensive glazing, private terraces, and layouts that prioritize natural light and air. Upper-level amenities include a resort-style pool deck, spa, and private dining spaces, all framed by expansive views of Biscayne Bay.
For buyers, the project combines contemporary design, wellness, and environmental technology with an attractive price spectrum starting around 1.5 million.
6. The Perigon Miami Beach: OMA’s Architectural Statement
The Perigon Miami Beach is a showcase of high design by OMA (Office for Metropolitan Architecture), led by Shohei Shigematsu. Located in Mid-Beach, the 22-story oceanfront building’s interlocking forms ensure that each of its 73 residences receives dramatic views and generous outdoor space.
This is a purely residential project with no hotel component, emphasizing a quieter, more curated residential environment. Amenities include a private beach club, sunrise and sunset pools, a residents-only restaurant, spa, and wellness facilities.
For design-conscious buyers, The Perigon offers the rare combination of architectural pedigree, direct beachfront, and limited unit count.
7. Ritz-Carlton Residences, North Bay Village: Marina-Centric Living
The Ritz-Carlton Residences in North Bay Village mark the transformation of a historically overlooked island into a major node of waterfront luxury. Comprising two 43-story towers with 364 residences, the project is designed around a 42-slip private marina and a 9,000-square-foot waterfront park.
The service model aligns with Ritz-Carlton’s established standards, while the location offers central access to Miami Beach, Downtown, and the airport, making it ideal for boat owners and globally mobile families.
8. St. Regis Residences, Brickell: Residences-Only Branded Living
The St. Regis Residences in Brickell cater to buyers who desire the aura and service of a world-class hotel brand without sharing amenities with transient guests. This residences-only tower, rising over 60 stories, offers private elevators, “flow-through” layouts, and carefully curated amenities exclusively for owners.
Positioned in a quieter, southern pocket of Brickell, the project maintains walkability to the district’s premier dining and retail while preserving a more residential feel. With limited inventory and pricing in the 3 million to 20 million range, the St. Regis Residences are designed for long-term residents and multi-generational families.
9. Aston Martin Residences: Delivered Performance
Aston Martin Residences, now delivered and fully operational in Downtown Miami, demonstrate how automotive design language can be translated into a vertical residential experience. The 66-story tower’s 391 residences are characterized by fluid lines, refined materials, and an emphasis on views and performance.
Key features include a private marina, multi-level fitness center, virtual racing simulators, private cinema, and art gallery. For buyers who prioritize immediacy, Aston Martin offers turnkey options without construction risk, with pricing from approximately 1 million to 50 million for the penthouse.
10. Bentley Residences: Engineering the Future of Sunny Isles
Bentley Residences in Sunny Isles Beach pushes the frontier of residential engineering with the Dezervator car elevator system, allowing residents to drive directly into their homes and park vehicles within private in-unit garages.
The 62-story tower’s 216 residences each feature private pools, expansive terraces, and summer kitchens, paired with Bentley-inspired materials and detailing across common areas and private spaces. Oceanfront orientation ensures unobstructed Atlantic and Intracoastal views.
Macro Drivers of Miami’s 2026 Resilience
Several macro dynamics underpin the resilience of Miami’s high-end residential market:
Tax arbitrage: Relocating from high-tax jurisdictions can generate multi-million-dollar annual savings, often recycled into real estate acquisitions.
Capital migration: Family offices and hedge funds increasingly treat Miami as a permanent operating base rather than a satellite office.
Global demand for waterfront scarcity: Prime waterfront and branded developments provide a hedge against inflation and currency risk for international capital.
Projected inventory levels suggest tightening supply in single-family estates (towards a 4.2-month inventory by 2027) and a more balanced but still opportunity-rich condo market (around 9.6 months), reinforcing the need for selective, project-level analysis.
Neighborhood Spotlight: Where Smart Capital Is Allocating
Brickell: Now a true global financial hub with 24/7 urban infrastructure, anchored by towers like Nobu Residences, St. Regis, and 1428 Brickell.
Miami Beach: Long-term scarcity play driven by historic districts, limited land, and flagship projects like The Raleigh and Aman.
Coconut Grove & Coral Gables: Family-centric enclaves with top schools, gated communities, and stabilized, end-user driven demand.
Why Advisory-Level Representation Is Non-Negotiable in 2026
In a market where every acquisition is effectively a cross-border capital allocation decision, elite representation becomes a strategic asset.
The Ivan and Mike Team’s role extends beyond matching clients with properties. They:
Curate first-access opportunities across developments like The Raleigh, Waldorf Astoria, and Bentley Residences.
Coordinate with family offices, tax attorneys, and wealth managers to ensure real estate decisions align with broader balance-sheet strategy.
Provide bilingual, culturally sensitive communication to clients from Latin America, Europe, the Middle East, and beyond.
Looking for representation that matches your standard of excellence?
Connect with the Ivan and Mike Team for discrete access to Miami’s premier developments and a truly advisory-level approach to real estate.
Key Investment Considerations for the 2026–2027 Cycle
As the cycle matures, successful ultra-luxury investment in Miami will depend on:
Inventory divergence: Tightening supply in trophy single-family estates versus a deep but nuanced tower pipeline.
Interest rate normalization: Projected stabilization supports mid-to-upper luxury segments and reinforces valuation benchmarks.
Construction and delivery risk: Delivered or topping-out projects (Aston Martin, The Perigon) carry materially lower risk than early-stage pre-construction without a proven sponsor track record.
Here, the value of a seasoned advisor is not just in finding the building, but in sequencing entry timing, phasing acquisitions, and, where appropriate, structuring exits.
Conclusion: The New Miami Narrative
Miami in 2026 is no longer merely a lifestyle destination; it is a global center for finance, technology, and ultra-luxury living. The city’s flagship developments, from the Art Deco revival of The Raleigh to the technological futurism of Bentley Residences, reflect a market that is setting new global benchmarks in design, service, and scarcity.
For UHNW individuals, family offices, and corporates treating real estate as a strategic pillar of their wealth strategy, alignment with the right advisory team is critical. The Ivan and Mike Team, with more than 2 billion in career sales and leadership roles in some of Miami’s most important developments, has become a reference point for that standard.
They are not simply selling homes; they are curating long-term positions in a market that continues to redefine what ultra-luxury urban living looks like on the global stage.
Considering a strategic move into Miami’s ultra-luxury market?
Contact the Ivan and Mike Team to structure a bespoke acquisition or portfolio plan aligned with your global wealth strategy.
About Ivan & Mike
Ivan Chorney and Michael Martirena are the founders of The Ivan & Mike Team at Compass Florida, one of the most distinguished luxury real estate teams in the United States. With more than $2 billion in closed transactions, they are recognized among the Top 10 Medium Teams in the U.S. by RealTrends and #1 in New Construction Sales in Miami.
Ivan & Mike are celebrated for their deep market intelligence, developer partnerships, and discreet, relationship-driven approach. Their clients include UHNWIs, CEOs, athletes, and global investors seeking strategic acquisitions across South Florida.
Their mission is simple:
“We connect extraordinary people with extraordinary properties, delivering not just a transaction—but a lifestyle.”
Their insights have been featured in The Real Deal, Forbes México, Mansion Global, Inman, and The Wall Street Journal, positioning them as architects of Miami’s luxury lifestyle.
📍 Based in Coconut Grove, Miami, FL 📞 (305) 907-7948 📧 ivan.chorney@compass.com** | **mike.martirena@compass.com 🌐 www.ivanandmike.com
Why is The Raleigh considered the most significant luxury redevelopment in 2026?
The Raleigh is a $1 billion restoration of an Art Deco landmark on “Billionaire’s Beach,” featuring 40 private residences and a 60-suite Rosewood hotel designed by Peter Marino. It is unique for its 215 feet of pristine oceanfront and the American debut of the Milan-based Langosteria beach club.
What defines the "best luxury realtors in miami" in today’s competitive market?
The best luxury realtors in miami are defined by their exclusive access to off-market “trophy” properties, deep relationships with top-tier developers, and a proven track record of billion-dollar sales. The Ivan and Mike Team, for example, is the #1 ranked New Construction team in the city, providing strategic advisory beyond the transaction.
What are the advantages of investing in branded residences like Waldorf Astoria or Bentley?
Branded residences offer global name recognition, higher rental potential, and unique engineering like the Bentley “Dezervator” car elevator. These projects provide a guaranteed standard of five-star service and exclusive amenities that help maintain long-term asset value and resale liquidity.
How does the Ivan and Mike Team support international buyers?
They provide a white-glove concierge model that handles cross-border complexities, including LLC and tax structuring, financing guidance, and property management. The team’s bilingual capabilities and global network ensure a discreet and strategic experience for investors from Latin America, Europe, and beyond.
