New Construction & Pre-Construction in Doral & Miami
Independent buyer representation for new homes and pre-construction condos.
New construction involves developer contracts, staged deposits, completion timelines, and rental rules that resale purchases do not. Elizabeth Costa represents domestic and international buyers of new homes and pre-construction condos across Miami-Dade and South Florida, with 15+ years of experience and 300+ closed transactions.
Do I need my own agent to buy new construction in Miami?
It is strongly recommended. The developer's sales team represents the developer. Your own agent reviews the contract, deposit schedule, and rental rules on your side. In Florida, you can cancel a developer condo contract within 15 days after signing and receiving the documents, so that review window matters. Confirm in your buyer agreement how your agent is paid.
Developers represent the project. Independent representation protects the buyer.
How Does a Pre-Construction Purchase Work in Florida?
- 1. Reservation. Holds a unit, usually with a refundable deposit, before the contract.
- 2. Contract and Documents. You sign the developer contract and receive the condominium documents; the 15-day review period starts.
- 3. Staged Deposits. Payments tied to milestones such as construction start and topping off.
- 4. Construction. Progress updates, finish selections, and any change orders.
- 5. Closing. Final payment and title transfer after the building is completed.
Two Florida rules matter most: you can cancel a developer condo contract within 15 days after signing and receiving the documents (Fla. Stat. 718.503), and deposits must be held in escrow, with deposits above 10% usable for construction only if the contract allows it (Fla. Stat. 718.202).
How Much Is a Pre-Construction Deposit in Miami?
Each development sets its own schedule. Here is one published example:
| Example: NoBe PARC, Miami Beach (published plan) | Share | On a $570,000 studio |
|---|---|---|
| At contract signing | 20% | $114,000 |
| Construction start | 10% | $57,000 |
| Topping off | 10% | $57,000 |
| At closing | 60% | $342,000 |
Source: developer's published payment plan, October 19, 2026, summarized in my NoBe PARC guide (Spanish). Every project sets its own schedule; this one asks for 40% before closing.
Is There Still New Construction in Doral?
Very little. Doral is nearly built out, and only 2 never-occupied homes appeared in the Doral MLS in the last 12 months. Nearly-new homes cost more per square foot: single-family homes built in 2015 or later sold for a median of $442 per square foot, versus $361 for 1997 to 2014 resales.
→ Can You Still Buy a Brand-New Home in Doral? · New Construction or Resale in Doral: Which Costs Less? · Best New Construction Communities in Doral
Do Pre-Construction Condos Allow Short-Term Rentals?
Only some. Rental eligibility depends on the condominium documents and the city's rules, so confirm both before you sign. Developers have reported that owners can rent short-term at buildings such as 600 Miami Worldcenter, West Eleventh Residences, NoMad Residences Wynwood, and River District 14 in Miami, and 7200 Collins and NoBe PARC in Miami Beach.
→ Sources, city rules, and the full list: Miami Investment Properties & STR Condos · 7200 Collins Miami Beach
Who Is This New Construction Service For?
Buyers Who Will Live in the Home:
- Want newer construction and current building standards
- Want builder warranties
- Want to choose finishes before completion
Investors Who:
- Are comparing rental-flexible developments
- Need clarity on deposits, fees, and management costs
- Want a cross-project comparison before committing
How Does Elizabeth Costa Evaluate a New Development?
Developer and Contract Review
Review the deposit schedule, cancellation terms, completion dates, and what happens if the project is delayed, using your 15-day review period.
Deposit and Escrow Check
Confirm where deposits are held and how deposits above 10% may be used for construction under Fla. Stat. 718.202.
Rental Rule Verification
Confirm in the condominium documents whether short-term or long-term rentals are allowed, before you sign.
Fee and Operating Cost Assessment
Review the estimated HOA budget, reserves, insurance, and management costs by unit type.
Resale Positioning
Compare the price per square foot with recent resales nearby, so the purchase still makes sense at completion.
→ Buying in Doral & Miami · How buyer agent agreements work in Florida · Condo milestone inspections and SIRS
New Construction Experience in Practice
$2.3 Million New Construction in Delray Beach
After a search that included Coral Gables and Doral, Elizabeth represented buyers relocating from Boston in the cash purchase of a newly built, two-story modern home in Osceola Park, East Delray Beach. The sale closed on October 13, 2026, at $2,300,000 (Beaches MLS).
"She made the process so easy for us and was available around the clock to answer our questions. She really knows the south Florida market and clearly wants what's in the buyer's best interest." Buyers relocating from Boston, Google review
Pre-Construction Condos in Miami
Elizabeth has represented domestic and international buyers in four Miami developments: 600 Miami Worldcenter, River District 14, West Eleventh Residences, and NoMad Residences Wynwood, including contract review, deposit schedule analysis, rental policy verification, and purchase structuring for buyers living outside the U.S.
FAQ: New Construction in Doral and Miami
Do I need my own agent to buy new construction in Miami?
It is strongly recommended. The developer's sales team represents the developer. Your own agent reviews the contract, deposit schedule, and rental rules on your side. In Florida, you can cancel a developer condo contract within 15 days after signing and receiving the documents, so that review window matters. Confirm in your buyer agreement how your agent is paid.
How long do I have to cancel a pre-construction condo contract in Florida?
Under Florida Statute 718.503, a buyer can cancel a developer contract for a condominium unit within 15 days after signing it and receiving all the required documents. The contract must also state that oral representations cannot be relied upon.
What is a typical pre-construction deposit in Miami?
Each project sets its own schedule. For example, NoBe PARC in Miami Beach published a 20/10/10/60 plan: 20% at signing, 10% at construction start, 10% at topping off, and 60% at closing.
Are pre-construction deposits protected in Florida?
Florida Statute 718.202 requires developer deposits to be held in escrow. Deposits above 10% of the price may be used for construction if the contract says so, so read that clause before you sign.
Is pre-construction riskier than resale?
It carries timeline and market risk during construction, but may offer newer building standards, customization, and staged payments. Compare against nearby resales: in Doral, single-family homes built in 2015 or later sold for a median of $442 per square foot, versus $361 for 1997 to 2014 resales.
Can I still buy a brand-new home inside Doral?
Very few options remain. Doral is nearly built out; Canarias by CC Homes is sold out, and only 2 never-occupied homes appeared in the Doral MLS in the last 12 months. Nearly-new resales offer the most choice.
Do pre-construction condos allow short-term rentals?
Only if the condominium documents and the city allow it. See verified examples and city rules on my investment properties page.
New Construction Specialist in Doral & Miami
Elizabeth Costa is a Realtor with The Keyes Company (Florida License #3234205 · CLHMS · CBR), with 15+ years of experience, 300+ closed transactions, and $187.5M+ in career sales volume in Miami-Dade County, and a Chairman's Circle Award recipient at The Keyes Company (2024 and 2025). She has lived in Doral for more than two decades and works in English and Spanish.
The Keyes Company: Exclusive Member of Forbes Global Properties · Founding Member of Luxury Portfolio International. ★ 5.0 · 83 Google reviews.
Considering New Construction or Pre-Construction?
Talk to me before you register with a developer's sales office, so I can review the contract, deposits, and rental rules on your side. Bilingual EN/ES service.
📅 Schedule a Consultation ☎ Call (786) 949-3971 ✉ Email Elizabeth
General real estate information, not legal advice. Prices, deposit schedules, and rental terms are set by each developer and can change. Oral representations cannot be relied upon as correctly stating the representations of the developer; refer to the documents required by Fla. Stat. 718.503.