Pagani Residences Miami: The Complete Buyer’s Guide
Pagani Residences, the first residential project by hypercar designer Horacio Pagani, is a 30-story, 70-unit bayfront tower at 7940 West Drive in North Bay Village, Miami. As of September 2026, prices start around $3.9 million, its two duplex penthouses are asking $30 million and $28.5 million, and construction — which began in May 2026 — targets a 2028–2029 delivery.
Automotive-branded condos are a proven Miami category, and Pagani Residences is the most personal entry yet: rather than lending a logo, Horacio Pagani and his Pagani Arte studio are shaping the building’s interiors, furniture, and materials directly. This guide covers what the project is, what it costs as of September 2026, how the deposit schedule and delivery timeline work, and how it stacks up against the car-culture towers of Sunny Isles Beach. For the broader pipeline, start with our South Florida new developments hub.
What is Pagani Residences and who is building it?
Pagani Residences is a 70-residence, 30-story condominium rising at 7940 West Drive in North Bay Village, the three-island municipality on Biscayne Bay between Miami’s Upper East Side and North Beach. It is the world’s first residential project designed by Horacio Pagani, founder of Italian hypercar builder Pagani Automobili, working through his Pagani Arte studio alongside Milan-based A++ Human Sustainable Architecture; Revuelta Architecture International serves as the architect of record, according to project coverage and brokerage materials as of September 2026.
The developer is Riviera Horizons, the Miami Beach firm led by founder and CEO Mikael Hamaoui. Sales launched in March 2024 with Fortune Development Sales handling marketing, per The Real Deal’s launch coverage. The design brief carries Pagani’s “art and science” philosophy into residential form: carbon fiber, hand-finished metalwork, and leather drawn from the hypercar atelier, plus a bespoke Pagani Arte furniture collection.
The layout logic is unusually disciplined: four residences per floor, every one a corner unit with water views and terraces running roughly 800 to 1,040 square feet at 11 feet deep. Amenities include a rooftop pool deck with 360-degree views, a 29th-floor waterfront spa and wellness level, a private marina with a 240-foot bayfront boardwalk, the “Pagani Paddock” of eight private dual-bay garages, and an automotive concierge program (Auto Privata) run with Prestige Imports, per Florida YIMBY’s May 2026 groundbreaking report.
What do units at Pagani Residences cost in 2026?
Pricing has climbed since launch. At the March 2024 sales debut, The Real Deal reported starting prices of $2.4 million. As of September 2026, brokerage materials and market trackers put the entry point at roughly $3.7 million to $3.9 million, with two-bedroom residences of about 2,038 square feet asking around $4.19 million — roughly $2,050 per square foot — and three-bedrooms of about 2,402 square feet from approximately $4.4 million.
Four-bedroom lines of 3,247 to 4,818 square feet are quoted from about $7 million to $12.97 million, per brokerage availability sheets as of September 2026. At the top, the developer’s November 2025 press release announced two duplex penthouses that set record asks for North Bay Village: Penthouse 01 at $30 million (12,200 total square feet; 7,000 interior; five bedrooms) and Penthouse 02 at $28.5 million (10,700 total square feet; 6,100 interior; four bedrooms). Each penthouse purchase is paired with a Pagani Utopia Roadster “Miami Edition” hypercar and a trip to Modena to meet Horacio Pagani.
Pagani Residences — unit lines, pricing, deposits, and delivery, as of September 2026 (developer press release and brokerage materials)
| Line | Interior size (approx.) | Asking price (approx.) | Deposit structure | Delivery target |
| Two-bedroom (2 BD/2.5 BA) | 2,000–2,200 sq ft | From ~$3.9M–$4.19M | 20% at contract; 10% at groundbreaking; 10% at amenity deck; 10% at top-off; 50% at closing | 2028 (some brokerage materials cite 2029) |
| Three-bedroom (3 BD/3.5 BA) | 2,402–2,900 sq ft | From ~$4.4M | ||
| Four-bedroom (4 BD/4.5 BA) | 3,100–4,818 sq ft | ~$7M–$12.97M | ||
| Duplex penthouses (4–5 BD) | 6,100–7,000 sq ft interior | $28.5M and $30M |
For context on where those numbers sit against the broader market, see our South Florida new-development price-per-square-foot index for September 2026 — at roughly $1,850 to $2,150 per square foot on standard lines, Pagani prices well above anything previously attempted in North Bay Village.
When does Pagani Residences deliver, and what is the deposit schedule?
Riviera Horizons broke ground on May 15, 2026, per Florida YIMBY. As of September 2026, market trackers list a 2028 delivery target, though some brokerage materials cite 2029 — buyers should treat late 2028 as optimistic and underwrite a cushion, as with any South Florida high-rise. Our 2027 delivery calendar update shows how frequently even well-capitalized projects slide a few quarters.
The deposit schedule quoted in brokerage materials as of September 2026 is 20 percent at contract, 10 percent at groundbreaking, 10 percent at completion of the amenity deck, 10 percent at top-off, and the remaining 50 percent at closing. Because the building has already broken ground, buyers contracting now should expect the contract and groundbreaking tranches — 30 percent — to be due at or shortly after signing. Confirm the exact staging for your unit with Fortune Development Sales before signing.
One structural note: Florida pre-construction contracts are developer-drafted, and resale before closing is not automatic. Read our guide to assignment rights, delay clauses, and exit options in Florida pre-construction contracts before wiring the first deposit.
How does Pagani Residences compare to Bentley Residences and Porsche Design Tower?
Miami’s car-culture towers are all Dezer Development projects on the Sunny Isles Beach oceanfront — until now. Porsche Design Tower (delivered January 2017, 132 units) proved the category with its patented “Dezervator” car elevator delivering vehicles to in-unit sky garages. Bentley Residences is its successor: 216 residences across 62 stories, priced from about $5.8 million with a $37.5 million penthouse, and construction past level 7 as of June 2026 with delivery on track for 2028, per ProfileMiami. Our Bentley Residences complete buyer’s guide covers that project line by line.
Pagani Residences is a different proposition on three axes. Scale: 70 units versus Bentley’s 216 — this is a boutique building where the four-per-floor plan guarantees corners. Water: Pagani faces Biscayne Bay with a private marina rather than the open Atlantic; boaters gain, beach purists lose. Brand depth: Pagani himself designs the interiors, whereas the Sunny Isles towers license the marque and build spectacle around car storage. Pagani’s answer to the Dezervator is the Paddock — eight private dual-bay garages — a smaller gesture, but the $30 million penthouses come with an actual Utopia Roadster.
On price, Pagani’s ~$2,000-per-square-foot standard lines undercut oceanfront Sunny Isles new construction, reflecting the bayfront location. Whether that discount is fair value is the central buyer question.
What are the risks of buying at North Bay Village price points?
Comp risk is the big one. North Bay Village has no delivered building trading anywhere near $2,000 per square foot; the $30 million and $28.5 million penthouse asks set records for the municipality the moment they were announced, per the developer’s November 2025 release. Buyers are underwriting the neighborhood’s future — a wave of projects along the 79th Street Causeway corridor — rather than its present. If the wider repricing thesis stalls, early resales could be thin. The nearby Edgewater market offers a useful precedent for how fast a secondary bayfront submarket can institutionalize — and how long it takes.
Sponsor track record. Riviera Horizons is a hospitality-rooted firm delivering its first tower at this scale; the counterweights are the May 2026 groundbreaking, Pagani Arte’s direct involvement, and disciplined 70-unit sizing. Deposit exposure reaches 50 percent before closing, standard for Miami pre-construction but real money at these prices. And carrying costs at this tier are material: our breakdown of what a $5M new-development condo really costs per yearapplies almost line-for-line here, before the automotive programming.
For a monthly read on how the project is selling against its peers, follow our South Florida pre-construction monthly.
Frequently Asked Questions
Where is Pagani Residences located?
Pagani Residences is at 7940 West Drive, North Bay Village, FL 33141 — a three-island city on Biscayne Bay along the 79th Street Causeway, roughly 10 minutes from Miami Beach and 20 from Miami International Airport. The tower fronts the bay with a private marina and a 240-foot waterfront boardwalk.
How much do Pagani Residences condos cost in 2026?
As of September 2026, prices start around $3.7–$3.9 million for two-bedroom residences, with three-bedrooms from roughly $4.4 million and four-bedroom lines quoted from about $7 million to $12.97 million, per brokerage materials. The two duplex penthouses are asking $30 million and $28.5 million, per the developer’s November 2025 press release.
Who is the developer of Pagani Residences?
Riviera Horizons, a Miami Beach development firm founded and led by CEO Mikael Hamaoui, is developing Pagani Residences. The design is by Horacio Pagani and his Pagani Arte studio with Milan’s A++ Human Sustainable Architecture; Revuelta Architecture International is the architect of record. Fortune Development Sales leads sales and marketing.
When will Pagani Residences be completed?
Construction broke ground on May 15, 2026, per Florida YIMBY. As of September 2026, market trackers cite a 2028 delivery target, while some brokerage materials list 2029. Buyers should confirm the outside delivery date in the purchase contract and plan for the possibility of a delay of several quarters.
What is the deposit schedule at Pagani Residences?
Brokerage materials as of September 2026 quote 20 percent at contract, 10 percent at groundbreaking, 10 percent at amenity-deck completion, 10 percent at top-off, and 50 percent at closing. With groundbreaking complete, buyers contracting now should expect roughly 30 percent due at or near signing. Confirm exact staging with the sales team.
How many units are in Pagani Residences?
The tower holds 70 residences across 30 stories — four corner units per floor — including four Sky Residences and two duplex penthouses. Standard interiors run roughly 2,000 to 3,300 square feet in two- to four-bedroom layouts, with 11-foot-deep terraces of about 800 to 1,040 square feet.
Do Pagani Residences penthouses really come with a Pagani hypercar?
Yes. Per the developer’s November 2025 announcement, each duplex penthouse purchase is paired with a Pagani Utopia Roadster “Miami Edition” hypercar, plus a private garage in the building and a trip to Modena, Italy, for a Pagani Museo tour, an Atelier experience, and a personal meeting with Horacio Pagani.
How does Pagani Residences compare to Bentley Residences?
Pagani Residences is a 70-unit bayfront boutique in North Bay Village priced from about $3.9 million; Bentley Residences is a 216-unit, 62-story oceanfront tower in Sunny Isles Beach from about $5.8 million with a Dezervator car elevator. Pagani offers designer-led interiors and a marina; Bentley offers direct beach and larger-building amenities. Both target 2028 delivery.