Published by Peter Zalewski
12/4/2023 
12:39:45 PM Project Description:
– An expanse of 200 linear feet of pristine private shoreline.
– A comprehensive amenity program offering the best of beachfront living.
– 73 plus 10 suites for owner only signature OMA designed homes oriented to provide views of the Atlantic Ocean from each residence.
– Residences ranging from 2,100 to 6,700 square feet
– Gold level LEED certification
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | The Perigon |
| ADDRESS | 5333 Collins Avenue, Miami Beach, FL 33140 |
| SUBMARKET | Miami Beach |
| COUNTY | Miami-Dade |
| WATERFRONT PROJECT | yes |
| TYPE OF WATERFRONT? | Oceanfront |
| NUMBER OF TOWERS | 1 |
| TOTAL FLOORS (BY ELEVATOR) | 18 |
| TOTAL RESIDENTIAL UNITS | 73 plus 10 guest suites |
| BED RANGE | 2 TO 4 |
| RANGE OF SQUARE FEET | 2,100 TO 6,700 |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 1 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 2 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 3 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 4 BED – XX – X,XXX SF |
| MINIMUM PRICE PER UNIT | 3 Million |
| MONTHLY MAINTENANCE FEE PER UNIT | |
| MONTHLY MAINTENANCE FEE PER SQUARE FOOT | $ 2.00 |
| TURNKEY READY | Finished but not furnished |
| PROPERTY AMENITIES | Five Stars amenities, exclusive oceanfront restaurant, pools, spa, exercise rooms |
| WATER VIEWS | Yes |
| PETS PERMITTED | Yes |
| MAXIMUM NUMBER OF PETS | |
| RENTAL TIMES PER YEAR | 2 |
| TOTAL ONSITE PARKING SPACES | |
| FIRST DEPOSIT % | |
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| UNIT FINANCING AVAILABLE | |
| RECOMMENDED LENDERS | |
| PROJECT STATUS | Under Construction |
| PRESALES UNDERWAY? | |
| RATIO OF PRESALES | |
| SCHEDULED CONSTRUCTION START | 2023 |
| SCHEDULED COMPLETION DATE | 2025 |
| YEAR COMPLETED | |
| DEVELOPER | Mast Capital and Starwood Capital |
| COUNTRY OF DEVELOPER | United States |
| DEVELOPER FEE % | |
| ARCHITECT | OMA – Office of Metropolitan Architecture |
| ARCHITECTURAL FIRM | OMA |
| GENERAL CONTRACTOR | |
| DATE OF GROUNDBREAKING PARTY | |
| NOTICE OF COMMENCEMENT FILED | |
| DATE CRANE ERECTED | |
| DATE OF CONDO DECLARATION FILING | |
| DATE OF CONDO LAUNCH PARTY | |
| DATE OF TOPPING OFF | |
| DATE OF FIRST RECORDED TRANSACTION | |
| LEAD LENDER | |
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| DATE OF SECONDARY LOAN | |
| CONDO PROJECT WEBSITE | |
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| PRICING SURVEY DATE | |
| MINIMUM PRICE PER DOOR | |
| MINIMUM PRICE PER SQUARE FOOT | |
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| INCENTIVES | |
Condo Market Inventory Tracker
A Snapshot Of Downtown West Palm Beach And The Island
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 344 | 8.2 |
| Luxury Condos | 153 | 9.6 |
| Shortsales | 0 | NA |
| REOs | 0 | NA |
| Rentals | 365 | 5.2 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
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