Palma Residences

Palma Residences

Palma Residences

Palma Residences

Palma Residences

Palma Residences

Palma Residences

Palma Residences

Location
Miami Beach
Address
666 71st St, Miami Beach, FL 33141
Starting Price
From ~$650,000
Estimated Delivery Date
2027
North Beach, Miami Beach — iconic Art Deco heritage, oceanfront boardwalks and beach‑to‑bay lifestyle

Palma Residences

From $650,000 / 405 – 1,342 Sq Ft sqft
View Floor Plans

Palma Residences brings boutique coastal living to North Beach. Mornings begin with coffee along Collins Avenue, afternoons invite bike rides to the sand, and evenings end on your private terrace watching the sunset. Designed for those who value walkability, modern design, and beachside calm, Palma blends Miami Beach energy with the intimacy of a boutique residential retreat.

Building Overview

Developer
Lefferts
9500 Collins, Highland House, The Bridge Hotel redevelopment
Architect
Built Form Architecture
Interior Designer
Studio Ramirez
Number of Units
126 Units
Number of Stories
13 Stories
Parking
Not Specified (Garage + Bicycle Storage Expected)

Residences

Unit Mix
Studios, 1-Bedroom, 2-Bedroom, Penthouses
Unit Sizes
405 – 1,342 Sq Ft
Ceiling Heights
Not Specified
Sold Furnished
Yes (Fully Furnished)
Finish Packages
Curated Packages By Studio Ramirez
Waterfront / Views
No — A Few Blocks From Beach; Ocean/Bay/Skyline Views • Ocean, Bay, Skyline
Outdoor Space
Terraces, Balconies, Landscaped Pool Deck

Amenities

Pool
Fitness Center
Game Lounge
Outdoor Kitchens
Rooftop Terraces
8,500 Sq Ft Retail

Investment & Financial

High-Occupancy Submarket With Long-Term Value Trends.
Short-Term Rental
• No Short-Term Rentals Allowed
EB-5 Eligibility
No
Deposit Structure
20% Contract
10% Groundbreaking
10% Pool Deck
10% Top Off
50% Closing

Residences

Palma Residences in North Beach, Miami Beach — iconic Art Deco heritage, oceanfront boardwalks and beach‑to‑bay lifestyle offers modern condominiums where materials and light take center stage. Designed for comfort and function, residences feature open social zones, quiet bedroom retreats and seamless access to the outdoors. Modern kitchens are finished with sleek European cabinetry, integrated appliances and durable stone surfaces. Bathrooms are curated with crisp tilework, floating vanities and frameless glass for a clean, modern look. Many homes include generous closets, utility/laundry rooms and smart‑home readiness. The result is a refined, lock‑and‑leave lifestyle in one of South Florida’s most connected districts.

Transport & Access

Airports
MIA ~9.9 mi • FLL ~18.3 mi
Brightline
MiamiCentral ~4.7 mi • Aventura ~10.3 mi

Key Destinations

Mid-Beach ~0.3 mi
Miami Beach ~2.4 mi
North Bay Village ~3.0 mi
North Beach ~3.6 mi

Lifestyle & Entertainment

Beaches & Marinas
On the beach. Also, there's a direct ocean access via Mid-Beach
Miami Beach Marina ~2.8 mi
Parks & Nature
Maurice Gibb Park ~1.3 mi
Lummus Park ~1.6 mi
Shopping & Dining
Lincoln Road ~1.4 mi
Miami Design District ~4.0 mi
Culture
Bass Museum ~0.9 mi
Frost Science Museum ~4.0 mi
Groceries
Publix ~0.5 mi
Trader Joe’s ~1.5 mi

Infrastructure and Commercial Anchor Projects in the Neighborhood

Lincoln Road Pedestrian Mall & Commercial Corridor Renewal
Over $100 million invested to modernize Miami Beach’s premier retail promenade with new streetscape design, lighting, seating, and public-realm enhancements to strengthen its position as a leading pedestrian shopping and dining destination.
Lincoln Road Phase II Upgrade
A $29.4 million city-funded improvement expanding outdoor dining zones and pedestrian connectivity between Drexel and Meridian Avenues, linking Lincoln Road seamlessly to the Convention Center District.
Grand Hyatt Miami Beach Convention Center Hotel & Retail Complex
A $385 million, 17-story, 996,000-sq-ft development adjacent to the Miami Beach Convention Center, featuring luxury hotel accommodations and integrated retail and dining amenities to anchor convention tourism.
Citywide Capital Improvement Program (CIP)
A five-year infrastructure plan funding extensive upgrades to roads, sidewalks, water/sewer systems, seawalls, and civic facilities across the city, encompassing dozens of active public-works projects.
Seawall & Living Shoreline Program
A $49 million coastal-defense initiative elevating seawalls, constructing living shorelines, and improving stormwater protection along the barrier island to safeguard against sea-level rise and storm surges.
Storm-Water & Infrastructure Resilience Program
An ongoing $95 million stormwater enhancement and resilience program (in addition to $103 million completed) focusing on flood mitigation, pump station upgrades, and resilient drainage networks.
North Beach Urban Redevelopment Wave
A major revitalization initiative with at least nine mixed-use commercial projects underway in early 2025, reflecting surging investment and urban renewal across North Beach.
“Resilient & Smart Infrastructure” Climate-Ready Investment
Citywide adaptation projects integrating smart mobility, coastal protection, and green-infrastructure systems to ensure long-term sustainability and protect commercial viability in Miami Beach.

Top Nearby Schools

Public Schools

Biscayne Beach Elementary (7/10)
Nautilus Middle (5/10)
Miami Beach Senior High (4/10)

Private Schools

Lehrman Community Day (A), Cushman (A+), Ransom Everglades (A+)

Location

FAQ

01

What is the current price range and average cost per square foot for Palma Residences Miami Beach condos?

Pricing for Palma Residences Miami Beach condos starts around $800,000, with an average of $1,000–$1,300 per sq ft.

This makes Palma one of the most affordable Miami Beach preconstruction condo investments, offering boutique luxury at lower pricing compared to South Beach or Bal Harbour oceanfront towers.

02

When is Palma Residences expected to be delivered, and where is it located in Miami Beach?

Palma Residences Miami Beach is projected for delivery in 2026, located at 666 71st Street, North Beach.

The development offers walk-to-beach convenience, proximity to North Beach Oceanside Park, and easy access to dining, shopping, and entertainment.

03

What floor plans and unit types are available at Palma Miami Beach?

The project features 1-, 2-, and 3-bedroom residences, ranging from 700 to 1,800 sq ft.

Homes include balconies, open layouts, modern kitchens, and designer finishes.

The boutique scale ensures privacy, while layouts are optimized for vacation rentals and seasonal ownership.

04

Does Palma Residences Miami Beach allow Airbnb, short-term rentals, or vacation leasing?

Yes — Palma is fully Airbnb-approved and STR-friendly, giving investors the ability to generate daily, weekly, or seasonal rental income.

Few new construction condos in Miami Beach allow Airbnb, making Palma an exceptional opportunity for buyers seeking a legal Airbnb investment property in Miami Beach.

05

What amenities and HOA fees are included for residents at Palma Miami Beach?

Amenities include a rooftop pool with ocean views, fitness center, co-working lounge, and residents’ social club.

HOA fees are estimated at $0.80–$1.00 per sq ft, well below the average for Miami Beach condos, improving ROI for Airbnb investors and lowering carrying costs for seasonal homeowners.

06

Why choose Palma Residences over condos in South Beach or Bal Harbour?

Palma offers Airbnb-legal rental flexibility, lower entry pricing, and boutique exclusivity — advantages most South Beach and Bal Harbour condos cannot provide due to rental restrictions.

Investors benefit from lower HOA fees, steady vacation rental demand, and long-term appreciation potential in North Beach Miami Beach real estate.

07

Is North Beach Miami Beach a smart area for condo investment?

Yes — North Beach is one of Miami Beach’s fastest-growing neighborhoods, offering lower prices, strong rental demand, and major redevelopment plans compared to South Beach.

Buyers at Palma can secure a short-term rental–approved condo near the beach at preconstruction pricing, with significant upside appreciation potential.

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