Brickell, at the mouth of the Miami River
Baccarat Residences Miami
One of the strongest builders on our list, and you pay for it. This is a buy on execution, not on value.
- From
- $4.15M
- Floors
- 75
- Residences
- 324
- Delivery
- 2028
- Stage
- Under construction
17
lots within a quarter mile of Baccarat could still be built on.
The nearest is a 34,000 sq ft vacant lot at 77 SE 5th Street, 275 ft away. Already coming: SIRO Brickell (planned, 545 ft), 619 Brickell (planned, 940 ft) and Faena (planned, 1,100 ft).
County parcel records, Oct 17, 2026; not checked on the street. See them on the 3D map ›
Strengths
- Related Group with GTIS Partners. Related has the best delivery record in Miami.
- The $328M construction loan closed in March 2024, and the building is rising.
- Large plans (2,000 to 9,000 sq ft) on the river and bay at the north end of Brickell Avenue.
Risks
- Years of financing delays before 2024 pushed delivery to 2028. The risk is history now, but it is not zero.
- Entry asking price is about $2,075 per sq ft, roughly twice what Icon Brickell next door has closed at ($870–$1,095 per sq ft).
- Older neighbors (500 Brickell, Brickell on the River) rate 2.5–3 out of 5, so the block itself won't carry your value. The building has to.
Before you sign
- Choose your exposure deliberately: river, bay, or city. Ask for the line-by-line view study.
- Confirm how your deposits are escrowed and when any amount above 10% can be released.
- Compare against finished trophy towers before you pay a new-build premium.
- Ask what share of the building is under signed contract with deposits posted. Reservations are not sales.
- Ask for the condo budget: HOA per sq ft, the reserve study and the insurance line. Florida now requires full structural reserves, and they flow into your fees.
Cash due, by date
Typical schedule on a $4.15M residence, the entry price.
- 20%At contract$830K20% paid
- 10%120 days after signing$415K30% paid
- 10%One year after signing$415K40% paid
- 10%When the top residential floor is poured$415K50% paid
- 50%At closing$2.08M100% paid
Typical Miami pre-construction schedule, modeled on Faena's. Each tower and unit differs; we confirm the exact terms when you pick a unit.
Plan to hold
Plan to hold about 3 years.
- TodaySign; the tower is already rising
- 2028Building finished
- About 2029Developer reaches about 95% sold
- 2029–30Your clean resale window opens
The rule we use: your real chance as a reseller starts once the building is finished and the developer is about 95% sold, usually within a year of completion. Before that, the developer undercuts resales with closing credits and incentives, and every early buyer is trying to sell at the same time. If the finish date slips, the plan moves with it.
Built next door
How the finished towers around Baccarat Residences Miami rate. They are your future neighbors, and your alternative if you would rather buy built.
- 500 Brickell90 m · built 2008Review2.5
- Muze at Met90 m · built 2019Review4.0
- Brickell on the River120 m · built 2006Review3.0
Ratings out of 5 by Ryan's Rankings.
The other towers we brief
Compiled by GroundFloor from developer materials, Miami-Dade and City of Miami records, construction reporting, and our own site visits. Neighbor ratings by Ryan's Rankings. Verify every figure against your contract and condominium documents. Updated October 17, 2026.