Palma Residences

Palma Residences is a condo tower being sold ahead of completion in Miami Beach; the figures above are the developer's published launch numbers. New towers are sold in phases. Each release prices a group of units, and later releases usually cost more, so the lowest entry point and the most desirable stacks can be gone a few months in. Ask us what is in the current Palma Residences release and we will request the price sheet, floor plans by line and the deposit timetable from the sales team.

Our representation is paid by the developer, so having your own broker on Palma Residences adds nothing to your price. We review the purchase agreement and deposit terms for you, help choose the line and floor, and give you a candid comparison with competing towers in Miami Beach before any money is wired. To see how finished buildings nearby are trading, open the Miami Beach condo guide.

Deposits on a Florida pre-sale condo are usually paid in installments tied to construction stages — signing, the start of vertical work, topping out — with the remainder at closing, and the developer writes the contract to protect the developer. Check these before you sign: how the deposit is scheduled and whether it sits in escrow, whether you can assign the contract before closing, the gap between the projected finish date and the contract's outside date, and exactly which finishes are included. We go through each one with every buyer we represent on a Miami Beach tower.