Stonehard Premier by LUXIMMO GROUP enters the Miami real estate market

Stonehard PREMIER by LUXIMMO GROUP launches operations in Miami, Florida and offers its clients the opportunity to invest in real estate in one of the most dynamic and attractive destinations in the world. Miami is a city with a huge attraction, expressed in a high standard of living, global prestige and strong investment potential.

Why did we make the strategic decision to enter the real estate market in the “Magic City”? Following an extensive analysis of the global luxury real estate market, the management of LUXIMMO GROUP selected Miami as a global destination offering excellent investment opportunities for clients and private investors with a high financial status and an appetite for first-class investments.

Premium new construction properties in Miami are often resold on the secondary market or in “flipping” at 30-40% above the initial price (capital appreciation), immediately after construction is completed, or even while construction is in progress. The average annual increase in the value of finished (completed) properties in the luxury segment in recent years has varied around 10%. High-end apartments, especially in buildings with prestigious brands (branded residences) in coastal locations, can bring an annual gross rental income of 10%–12% when professionally managed.

In the following lines, we will examine the economic and social factors that elevate Miami to a unique investment pedestal, as well as introduce you to specific valuable new projects under construction. We will also describe how you can expand your investment portfolio with real estate in Miami, using the support of Stonehard PREMIER and LUXIMMO GROUP experts specializing in real estate in the USA and Miami in particular.

Destination Miami

Miami combines the dynamism of a global financial center with the feeling of an endless vacation. In recent years, it has established itself as a preferred place to live and invest for wealthy individuals from around the world - from international entrepreneurs and global showbiz stars to private investors and even digital nomads.

Combining world-famous beaches such as Miami Beach, marinas, modern infrastructure, PGA Tour-level golf courses such as Trump National Doral, The Biltmore and Crandon Golf, Miami offers a dynamic and unique lifestyle that has made it an iconic global location over the past 30-40 years. The variety of cultural and sporting events, such as Art Basel and the Miami F1 Grand Prix, and international culinary names are one of the reasons for the large influx of tourists, which in 2024 number 28 million, as well as individuals with high purchasing power looking to relocate.

Altrata, a leading analyst of investment markets for high-net-worth individuals, recently released the third edition of its Residential Real Estate 2025 report. The study covers global trends among people with a net worth of over $30 million. One of the main trends is that Miami has overtaken New York for the first time in popularity among second-home buyers.

Miami began to emerge as a favorite destination for global stars and high-net-worth individuals as early as the 1980s, but its real boom as a global icon of luxury, style, and investment began in the 1990s and especially after 2000.

In the 1980s:

• The cult series Miami Vice puts Miami on the world map as a modern, exotic and glamorous city;

• The beginning of its transformation into a popular destination for stars and wealthy people.

In the 1990s:

• Growth of luxury real estate;

• Stars like Gloria Estefan and Janet Jackson began to settle there;

• Establishing South Beach as a fashion and cultural scene.

From 2000 to today:

• Miami is becoming a global hub for luxury lifestyle: yachts, golf, haute couture, art;

• In recent years, global celebrities such as David and Victoria Beckham, Shakira, Jeff Bezos, Enrique Iglesias, Lionel Messi , as well as many billionaires and tech entrepreneurs have made Miami their home.

• Miami is becoming an even more popular destination for the financial elite, especially after the pandemic

It is not difficult to guess the reason for the serious interest in Miami. The very first breath of tropical air brought by the seaside breeze is able to make anyone a fan of the "Magic City", and with one glance at the office skyscrapers and key corporate names that watch over the city from above and earn it the name "Southern Wall Street", are enough to start looking at the city as a closed ecosystem, where complete relaxation and professional development combine. It is summer all year round here, which gives the opportunity to greet the day with beach yoga or coastal jogging, and to send it to a deck or roof-top bar with a cocktail in hand .

The city is a gateway to the world, connecting North and South America, while also being well-connected to Europe, Asia and the Middle East. The city's international airport serves over 150 destinations worldwide. Miami combines the cosmopolitan energy of New York and London with the calm and ease of the tropics - a rare balance between an intense rhythm and a vacation feel.

Miami is establishing itself as one of the most dynamic luxury real estate markets in the world, thanks to several strategic factors. Amid global economic uncertainty, the United States remains a stable haven for global capital, and Miami - with its combination of tax advantages, economic growth and international connectivity, is ranked among the leading cities in the country. Data from the National Association of Realtors (NAR) and Knight Frank show that Miami is among the top destinations for international buyers in the United States. In turn, the Financial Times ranked the city in the top positions in the FT-Nikkei Ranking as the best city in the United States for foreign investment. The city reports a steady increase in demand for premium properties, both from local buyers and foreign investors from Latin America, Canada, Europe and the Middle East.

Among the most attractive neighborhoods are Brickell, Edgewater, Downtown, Coconut Grove and Miami Beach, with prices steadily rising and supply limited. One of Miami's distinguishing features compared to other leading cities in the United States is the absence of state income tax, state capital gains tax and inheritance tax, making it particularly attractive to high net worth individuals and entrepreneurs seeking maximum returns with minimal taxation.

Compared to global luxury markets such as New York and London, Miami continues to offer more affordable real estate prices, while maintaining high returns and stable capital appreciation. If we were to make a comparison with the other hot investment destination in recent years, Dubai, Miami stands out as an already developed, proven in its sustainability, fully regulated market for over 30 years. The tropical capital of America offers both stability and security for investors, as well as opportunities for high returns - something rarely found in developed and stable markets in world-leading countries such as the USA.

What are the landmark new projects in Miami?

Miami has long established itself as one of the most desirable locations for global premium brands, which are transforming the city's skyline through large-scale architectural masterpieces in the form of branded residences. Here we will briefly present some of the most impressive new residential projects, selected and offered by Stonehard PREMIER by LUXIMMO. You can learn more about each of the projects by visiting the Miami section of our website www.StonehardPremier.bg.

1.     Waldorf Astoria Residences Miami  

At over 1,000 feet tall and located in the heart of Downtown, this project will be the tallest building in America south of New York City. Built by PMG, Waldorf Astoria offers iconic design and five-star hotel amenities. Construction is progressing rapidly – the 19th floor was reached in March 2025, and completion is expected in 2027. Prices in the complex start at $3.1 million for a 1,07-square-foot two-bedroom apartment.

2.     The Well Bay Harbor Islands  

This is The Well’s first project entirely dedicated to the concept of wellness living. The residence is almost complete, with over 55% of properties sold. The focus is on achieving better health through the living environment – from architecture to services and materials. The Well is located in a peaceful and green area, offering a luxurious alternative to more dynamic neighborhoods.

The Well Bay Harbor Islands offers two-bedroom apartments with a starting price of $1.4 million per 100 sq m.

3.     Okan Tower  

With its impressive 70 floors, Okan Tower is shaping up to be one of the most iconic new buildings in Miami. The project will include 399 units. Sales are progressing well – 62% of the units have been sold as of March 2025, and it is expected to be completed in 2027. Located in the Arts & Entertainment District part of Downtown, the tower will have direct access to the city’s cultural center, combining business spaces and relaxation areas accessible to homeowners.

Starting prices in Okan Tower are $1.1 million for two-bedroom apartments, with a total area of 78 sq m. Owners also have the option of joining a rental program managed by the Hilton chain .

4.     Mercedes-Benz Places Miami  

The first Mercedes-Benz branded project in North America is already in the advanced construction stage and is expected to be completed in 2027. The complex includes two towers with a total of 791 apartments and a hotel section with 174 rooms. The apartments are fully furnished, and the amenities cover more than 12,000 sq m. - from a co-working space with a library, through a recording studio for podcasts and video, to a specially manufactured Mercedes-Benz racing simulator . And to get the most out of Miami's unique climate, the owners will have at their disposal a roof-top bar and a 3,000 sq m park. Sales set a record with the launch of the first tower in 2024, selling 100 apartments within 4 days.

You can own a 50 sq m studio in the iconic Mercedes-Benz Places Miami for $638,000, and if you're looking to purchase a larger space, the apartments range from 63-250 sq m.

5.     Dolce & Gabbana Residences

Located in the elite Brickell neighborhood, this is the first residential project of its kind by the Italian fashion brand. The building will be 90 stories high and will include 259 fully furnished apartments, and is already about 37% sold out. The residential properties have the option of renting out the properties for short or medium term through their own hotel program (in-house management), when the owner does not use the property personally, thus generating income.

Two-bedroom apartments of about 124 sq m. at Dolce & Gabbana Residences are offered at starting prices of $2.1 million, and penthouses of about 514 sq m. start at $14 million.

  6.     Mandarin Oriental Residences Miami  

Divided into two towers – the South Tower (66 floors) and the North Tower (36 floors), the project combines the world-renowned service of Mandarin Oriental with a beachfront location on the prestigious island - Brickell Key. The South Tower is already 80% sold out, and the second tower is about to be launched on the market, representing an exceptional investment opportunity to enter the project at an early stage. In the first month of its launch alone, the complex recorded a revenue of $ 150 million. Amenities include gourmet restaurants, business lounges and a diverse wellness area, including a forest yoga meadow and garden meditation areas.

Prices for three-bedroom apartments at Mandarin Oriental Residences Miami with expanded layouts, spacious terraces and a total area of about 330 sq m start at $5 million.

7.     Bentley Residences Miami  

The branded residential building marks the debut of the iconic Bentley automotive brand in residential construction and will be one of the tallest waterfront residential buildings in the United States. The project has been under construction since February 2024 and is scheduled for completion by the end of 2027. The residences are designed with an emphasis on precision craftsmanship and automotive luxury, characteristic of the brand for more than a century.

The building features the innovative Dezervator car elevator, which takes both residents and their cars to their apartments in the 61-story building. The concept is called Sky Garage. The extravagant car elevator was originally developed and patented for the Porsche Design Tower Miami, a luxury residential building in Sunny Isles Beach, Florida, completed in 2017. The name comes from the surname of the developer Gil Dezer, known for his extravagant and technologically advanced projects and his passion for luxury cars. He often integrates car culture into architecture - a typical example is the Sky Garage concept.

The architecture and interior design embody Bentley’s signature style, from the diamond motif on the façade and floors to the carefully selected natural and sustainable materials. The building was designed with environmental awareness in accordance with Florida Green Building Coalition standards, with a focus on minimal impact on the coastline and protection of local wildlife.

Prices at Bentley Residences Miami start at $5.9 million for apartments measuring 490 square meters.

8.     Cipriani Residences Miami  

Located in upscale Brickell, this 80-story development features 397 luxury residences. Combining Italian elegance with the potential for significant returns, Cipriani Residences offers a wide range of resort-style amenities including Cipriani Restaurant with private dining areas, residents lounge, in-house cinema, library, TechnoGym fitness center, spa with therapies and pools, meditation areas, pickleball court, golf simulator and a sophisticated private bar with panoramic views.

Celebrities such as Lionel Messi have invested in several properties, including a 325 sq m home worth $7.5 million, indicating high confidence in the project, as well as confidence in the Miami real estate market.

The approximate starting price for a two-bedroom apartment at Cipriani Residences Miami , with an area of 180 sq m, is $1.8 million, with the homes having an expanded layout, including an additional room that can be used as an office, guest room, cinema room or for other purposes, as well as spacious terraces.

This is just a portion of our Miami portfolio, which currently includes over 20 luxury projects under construction – and continues to expand. You can view the full list on our website, where you will find iconic names such as: The Ritz-Carlton Residences, The St. Regis Residences, Pagani Residences, Casa Bella by B&B Italia, and other high-end projects with investment potential.

How can Stonehard PREMIER by LUXIMMO GROUP assist you in finding and acquiring a suitable property in Miami?

Stonehard PREMIER by LUXIMMO GROUP is the leading Bulgarian agency on the Miami real estate market, with a portfolio of over 20 remarkable projects in the coastal city, which also have high investment potential. We have built our own team of real estate experts, licensed to work in the American market and with many years of experience on it. We have a team based both in Sofia and on site in Miami.

We have created our own network of local partners in Miami - leading construction developers, legal advisors and lawyers, credit consultants, financial and tax consultants, interior designers and other specialists who are available to provide comprehensive assistance to our clients on a local level. Our lead broker for Miami is Ivo Galabov, who consults our clients at the company's head office in Sofia. While our main broker, based in the USA, is Yordan Bobchev. He welcomes our clients in Miami and assists throughout the entire process of selection, purchase, financing, consultation on legal and tax issues, and management of purchased real estate in Miami.

Stonehard PREMIER assists its clients in the following key points:

• Expert advice to our clients on property purchase and investment opportunities. Our consultants are long-time real estate specialists in the US with extensive experience in the local market in Miami and New York;

• Providing offers from the real estate market, both in the form of new projects from established developers and branded residences, as well as finding suitable properties and investment opportunities on the secondary market in Miami and the region;

•     Financing – assistance with local banks to negotiate mortgage plans and terms tailored to the buyer's profile and wishes;

• Negotiation – negotiating with leading construction companies in Miami to ensure the most favorable terms and flexible payment plans;

• Access to special offers – some of which are not publicly announced;

•   Guaranteeing complete confidentiality – with discreet, individually organized inspections and professional legal advisors;

• Furnishing, management and rental of the purchased properties – through the help of local partner designers and property managers, as well as in-house management programs available in some of the buildings we offer.

The selection and purchase process is completely transparent and can be completed remotely - from the initial consultation to the signing of the final documents. We work in full synchronization between our team in Sofia and our licensed brokers in Miami, which guarantees a smooth and efficient process, even without having to travel to Miami for viewings.

Buyers do not pay an agent commission when purchasing new construction properties in Miami. Our services are completely free for clients, and our remuneration is fully covered by the construction and entrepreneurial companies whose projects we represent.

Stonehard PREMIER by LUXIMMO offers mainly new construction projects and properties in Miami, but if the client is interested, we can also assist in finding a suitable property on the secondary market. When assisting and servicing buyers of properties on the secondary market, our agency charges a mandatory fee to the client, which is negotiable and depends on the volume and complexity of the task.

If you already own a property in Miami that you wish to sell, the Stonehard PREMIER team is here to help. with professional assistance in organizing a complete marketing strategy aimed at the successful resale of the property. For any questions related to properties in Miami or the USA, you can contact our expert Ivo Galabov, based in Sofia, at +359 882 263 255.

You can view our full portfolio of projects and properties in Miami on our website by following this link .