Miami continues to attract international investors and second-home buyers looking for the perfect mix of lifestyle and profitability. Among the most strategic ways to enter this dynamic market is by purchasing a pre-construction condo. However, buying a property that hasn’t yet been completed comes with specific considerations. Here’s what you should know before making your move:
1. Understand the Payment Structure
Unlike buying an already-built property, pre-construction purchases in Miami typically involve a phased deposit structure. Buyers are usually required to pay an initial reservation deposit (often 10%), followed by additional scheduled payments during the construction timeline. The final balance is paid at closing, once the building is completed. This phased approach offers flexibility but also requires careful financial planning.
2. Developer Reputation Matters
In the world of pre-construction, the developer’s track record is crucial. Always research the developer’s previous projects to assess quality, delivery timelines, and overall reputation. Working with a reputable and financially stable developer reduces risks and ensures that what is promised will actually be delivered — in terms of both construction quality and amenities.
When it comes to 7200 Collins, the development is backed by Amicon, a highly respected construction management firm with over 25 years of experience in delivering high-end projects across Miami. Combined with the architectural expertise of Revuelta Architecture International, known for some of Miami’s most iconic buildings, buyers at 7200 Collins can feel confident that they are investing in a project designed and executed to the highest standards.
3. Location and Future Growth Potential
Not all areas of Miami Beach are the same. Look for projects in neighborhoods with strong growth potential, infrastructure investment, and legal zoning that supports short-term rentals if you’re aiming for income generation. North Beach, where 7200 Collins is located, is an excellent example of an emerging area benefiting from public and private investments, making it a smart choice for early buyers seeking long-term appreciation.
4. Rental Flexibility: Short-Term Rentals Allowed?
One of the biggest advantages — and differentiators — in Miami Beach is whether the building allows short-term rentals like Airbnb. Some condominiums have restrictions that limit rental flexibility, while others, such as 7200 Collins, are fully Airbnb-friendly. This flexibility significantly increases your earning potential and offers the freedom to use your condo when you want while renting it out the rest of the year.
5. Timeline and Delivery Expectations
Pre-construction projects typically take anywhere from 18 months to several years to complete. It’s important to have realistic expectations about the delivery timeline and be prepared for potential construction delays, which are common in real estate development. Always request and review the estimated completion schedule and any penalty clauses for delays in your contract.
Looking for the Best Pre-Construction Opportunities in Miami Beach?
At CAP International, we specialize in pre-construction and investment properties across Miami and Miami Beach. One of the most exciting opportunities today is 7200 Collins — a new Airbnb-approved development located just steps from the ocean in the thriving North Beach neighborhood. Fully furnished units, short-term rental flexibility, and a prime location make it the ideal investment for global buyers.
Contact us today to receive full pricing, floor plans, and availability. Let us help you secure your place in Miami’s next iconic development!