Cipriani Residences Miami

A condominium unit in 1420 S. Miami Avenue Condominium, bought from the developer ahead of completion. You take a deed to the unit, an undivided share of the common elements, and membership of the condominium association that owns and runs the amenity floors. The developer is M-1420 S Miami Ave Owner, LLC, a Mast Capital entity. Under section 718.503 of the Florida Statutes the developer must give you the prospectus and the purchase agreement before you are bound. The contract, deposit schedule and closing date are confirmed for the specific residence before you commit.

Owner use from closing, with occupancy from summer 2027. The developer advertises no rental or hotel programme. Cipriani licenses its name to the developer and will not manage the condominium; a management company is appointed for that, and the developer says there is no assurance the Cipriani name stays with the building. Letting sits in the condominium declaration, which sets any minimum lease term and association approval, and is confirmed for the specific residence before you commit. Private dining rooms, cabanas and the salon are booked through the concierge, subject to availability.

The condominium association charges each unit a share of common expenses, covering building staff, security, insurance and the running of the amenity floors. The estimated budget sits in the prospectus, and the monthly figure is confirmed for the specific residence before you commit. Several services are charged on top: in-residence spa treatments, personal training, pet grooming and walking, plant care, away-from-home maintenance and the house car. Florida property tax is levied each year on the taxable value set by the Miami-Dade Property Appraiser, at rates set by the county, the school board and the city. On purchase you pay documentary stamp tax of 60 cents per $100 of the price, plus a Miami-Dade surtax of 45 cents per $100.

Over 50,000 sq ft sits on levels 7 and 8, planned with Cipriani. Level 7 holds the restaurant and bar reserved for residents and their guests, private dining rooms and a dining terrace, the sunrise pool and spa pool, cabanas, the spa, salon and treatment rooms, the fitness centre, spinning room, social lounge, screening room, library, children's lounge and outdoor play park. Level 8 adds a lap pool, bar, meditation lawn, pickleball court and golf simulator. A residents' speakeasy sits on the 37th floor. The list below carries the detail.

Arquitectonica designed the tower, a curved glass form by Bernardo Fort-Brescia, with landscape by Arquitectonica GEO and interiors by 1508 London. Thornton Tomasetti is the structural engineer and Moss & Associates the contractor. It stands 85 storeys and about 950 feet above sea level, holds 397 residences across more than 1.2 million sq ft, and is the tallest building in Brickell. It topped off in July 2026 and was more than 80% sold that month. Mast Capital raised about $600 million of construction finance in February 2024 from Banco Inbursa and Ascendant Capital Partners. Two further towers of 50 and 59 storeys are planned on the same block.

Homes run from 1 to 4 bedrooms, with 10-foot ceilings, terrace access from the living room and primary bedroom of every residence, kitchens with custom Italian cabinetry and Wolf Sub-Zero appliances, and a choice of 2 interior schemes, Tradizionale and Contemporaneo. Published tower plans run from 1,180 sq ft (110 sq m) to 3,436 sq ft (319 sq m) of interior space, with terraces of 168 to 1,374 sq ft. The Canaletto Collection takes floor 62 and above: 74 homes including 6 penthouses, with direct lift entry and priority access to the speakeasy. Penthouse sizes are confirmed for the specific residence.

The tower fills the block bounded by SW 14th Street and the raised Metromover tracks to the north, South Miami Avenue to the east, SW 14th Terrace to the south and SW 1st Avenue to the west, in the middle of Brickell. Views run over Biscayne Bay, the Brickell skyline and Coconut Grove. Brickell City Centre and its shops are a walk away, the Design District is 3 miles north, and Bayfront Park, the marinas and the Pérez Art Museum are close. Miami International Airport is the nearest airport.

Florida sets no general bar on a foreign buyer taking title to a condominium, but two 2023 statutes narrow that. Section 692.203 stops a foreign principal, meaning a person or entity tied to one of the listed countries, from acquiring property within 10 miles of a military installation or critical infrastructure facility. Section 692.204 stops most purchases by people domiciled in the People's Republic of China who are not US citizens or lawful permanent residents. When a foreign owner later sells, the buyer withholds 15 per cent of the amount realised under FIRPTA. Take US tax advice before you sign.

Avory works with the sales gallery at 1421 South Miami Avenue, run for the developer by Fortune Development Sales, and with owners reselling contracts before closing. After you enquire we confirm what is left at your size and floor, the current price and the deposit schedule, and send you the prospectus. We can arrange a private preview at the gallery and, once owners take occupancy from summer 2027, stays in owner residences, subject to availability. Allocation and pricing stay with the developer. Request access.