South Florida New-Development Price-per-Square-Foot Index: September 2026
This is the September 2026 baseline of our monthly $/SF index: published entry pricing for all 36 luxury new developments we track from Miami to Palm Beach — spanning roughly $1,100/SF at Jean-Georges Miami Tropic to ~$4,000/SF at Six Fisher Island. Every figure is developer-published, entry-level, approximate (~), and dated September 2026; eleven ultra-luxury projects that price only on request are listed as such. October’s edition will add the month-over-month column.
What does new construction cost per square foot, submarket by submarket?
The published span: Design District/Edgewater from ~$1,100–$1,800/SF; Brickell ~$1,400–$2,600/SF; Miami Beach/Bal Harbour/Surfside ~$2,200–$3,500/SF (to ~$4,000 on Fisher Island); Sunny Isles ~$2,000/SF; Fort Lauderdale ~$1,500–$1,600/SF; West Palm Beach ~$1,100–$1,800/SF.
Miami — urban core (Brickell, Downtown, River, Edgewater, Design District, North Bay Village)
| Project | Entry price | ~$/SF | Units | Delivery |
| Jean-Georges Miami Tropic | From $1.1M | ~$1,100 | 329 | 2028 |
| Cipriani Residences | From $1.6M | ~$1,400 | 397 | 2027 |
| Faena Residences | $1.3M–$6.8M | On request | 406 | 2029 |
| Delano Residences & Hotel | $758.9K–$4.9M | On request | 421 | 2031 |
| Kempinski Residences | From $3.7M | ~$1,700 | 132 | 2029 |
| Villa Miami | From $5.8M | ~$1,800 | 72 | 2027 |
| Fouquet’s Hotel & Residences | On request | On request | 143 | TBA |
| St. Regis Residences, Brickell | From $5M | ~$2,200 | 152 | 2027 |
| Mandarin Oriental, Miami | From $4.275M | ~$2,300 | 326 | 2030 |
| 619 Brickell | $3M–$60M+ | ~$2,600 | 296 | 2031 |
| Waldorf Astoria Residences | On request | On request | 360 | 2027 |
| The Residences at 1428 Brickell | $3.8M–$17M | On request | 189 | 2028 |
| Pagani Residences | On request | On request | 70 | TBA |
Coconut Grove
| Project | Entry price | ~$/SF | Units | Delivery |
| THE WELL Coconut Grove | From $1.5M | ~$1,200 | 194 | 2028 |
| Four Seasons Private Residences | From $5.6M | ~$2,500 | 70 | 2027 |
Miami Beach, Bal Harbour, Surfside, Fisher Island, Sunny Isles
| Project | Entry price | ~$/SF | Units | Delivery |
| St. Regis Residences, Sunny Isles | From $5M | ~$2,000 | 174 | 2028 |
| Bentley Residences | From $5.8M | ~$2,000 | 216 | 2028 |
| Ritz-Carlton Residences, South Beach | From $4.25M | ~$2,800 | 30 | 2028 |
| The Perigon | From $12M | ~$3,000 | 73 | 2027 |
| Rivage Bal Harbour | $13.5M–$75M | ~$3,500 | 56 | 2027 |
| Six Fisher Island | From $15M | ~$4,000 | 50 | 2026 |
| Shore Club Private Collection | From ~$4.9M | On request | 49 | 2028 |
| Ocean House Surfside | On request | On request | 25 | 2027 |
Broward — Fort Lauderdale & Hillsboro Beach
| Project | Entry price | ~$/SF | Units | Delivery |
| Ritz-Carlton Residences, Fort Lauderdale | $2.5M–$10M | ~$1,500 | 83 | 2029 |
| St. Regis Bahia Mar | $3M–$8M | ~$1,600 | 239 | 2030 |
| Rosewood Residences Hillsboro Beach | $5.95M–$35M | ~$2,200 | 92 | 2027 |
| Pier Sixty-Six Residences | $5.9M–$16M+ | On request | 88 | Delivered |
Palm Beach County — West Palm Beach & Palm Beach Gardens
| Project | Entry price | ~$/SF | Units | Delivery |
| Mr. C Residences | From $1.4M | ~$1,100 | 146 | 2027 |
| Banyan Tree Residences | From $1.8M | ~$1,200 | 88 | 2029 |
| Ritz-Carlton Residences, PBG | From $3.8M | ~$1,500 | 106 | 2026 |
| Ritz-Carlton Residences, WPB | From $3M | ~$1,600 | 138 | 2028 |
| Mandarin Oriental, WPB | From $3.9M | ~$1,800 | 87 | 2030 |
| Olara | $2M–$10M | On request | 275 | 2028 |
| Edgeworth | $5.3M–$35.5M | On request | 190 | 2029 |
| Maison d’Or | $5.8M–$15M | On request | 39 | 2028 |
| South Flagler House | $5.7M–$29.2M | On request | 108 | 2027 |
Source: developer-published pricing via the Haute Residence Development Index, September 2026. Entry figures; penthouse tiers excluded unless a range is shown.
Where are the cheapest and most expensive square feet?
Cheapest published entries: Jean-Georges Miami Tropic and Mr. C Residences West Palm Beach at ~$1,100/SF. Most expensive: Six Fisher Island at ~$4,000/SF, Rivage Bal Harbour ~$3,500/SF, The Perigon ~$3,000/SF. The nearly 4x span inside one metro is the defining feature of this market — and the reason submarket choice matters more than building choice for value buyers.
What does $2,000/SF buy in each market?
In Sunny Isles: the branded oceanfront norm (Bentley, St. Regis — both ~$2,000/SF). In Brickell: just under the branded flagships (St. Regis ~$2,200, Mandarin Oriental ~$2,300). In Fort Lauderdale or West Palm Beach: more than any published entry — $2,000/SF clears the top of both markets, where branded product runs ~$1,500–$1,800/SF. That arbitrage is the engine of the northward migration covered in our Fort Lauderdale guide and WPB vs PBG comparison.
Which projects don’t publish pricing — and what does that signal?
Eleven of 36 price on request, clustered at the top: Pagani, Waldorf Astoria Miami, Ocean House Surfside, Shore Club, Fouquet’s, plus the South Flagler ultra-tier (Edgeworth, Maison d’Or, South Flagler House) and Olara, Faena, Delano, 1428 Brickell and Pier Sixty-Six on ranges without $/SF. Gallery-priced projects are where published indexes understate the market — and where our monthly tracking of the Pre-Construction Monthly adds the color the sheets won’t.
FAQ
What is the average price per square foot for Miami pre-construction condos?
Published entry pricing across tracked Miami-Dade projects runs from roughly $1,100/SF (Jean-Georges Miami Tropic, Design District) to roughly $4,000/SF (Six Fisher Island) as of September 2026, with the urban-core cluster mostly between $1,400 and $2,600/SF.
What is the most expensive new development per square foot in South Florida?
Among published figures in the September 2026 Index: The Residences at Six Fisher Island at ~$4,000/SF, followed by Rivage Bal Harbour at ~$3,500/SF and The Perigon Miami Beach at ~$3,000/SF.
Is West Palm Beach cheaper per square foot than Miami?
At published entries, yes: tracked West Palm Beach projects run roughly $1,100–$1,800/SF versus Miami-Dade’s $1,100–$4,000/SF span — WPB’s ceiling sits near Miami’s midpoint. Fort Lauderdale’s branded projects at ~$1,500–$1,600/SF sit between them.
What does $2,000 per square foot buy in each market?
As of September 2026: in Sunny Isles, Bentley Residences or St. Regis Sunny Isles (~$2,000/SF, oceanfront branded towers); in Brickell, St. Regis Brickell at ~$2,200/SF or Mandarin Oriental Miami entry at ~$2,300/SF sit just above; in Fort Lauderdale and West Palm Beach, $2,000/SF exceeds every published entry — it buys the top of both markets.
Which tracked projects don’t publish pricing?
Eleven of 36 list pricing or $/SF on request as of September 2026, including Pagani Residences, Waldorf Astoria Miami, Ocean House Surfside, Shore Club Private Collection, Edgeworth, Maison d’Or and South Flagler House — concentrated at the ultra-luxury end, where galleries price by conversation.
How is this index built?
From developer-published entry pricing on the 36 project profiles in Haute Residence’s Development Index, stamped as of September 2026. Figures are entry-level approximations (~), move without notice, and exclude penthouse tiers unless noted. October’s edition adds month-over-month changes against this baseline.
All figures are developer-published, approximate, entry-level and as of September 2026; pricing changes without notice. This index is editorial information, not an appraisal or investment advice.