# 600 Miami Worldcenter: preconstruction prices and deposits

> Source: https://bluebaybrokers.com/buildings/600-miami-worldcenter
> Publisher: BlueBay Brokers LLC, 1541 Brickell Ave #1201, Miami FL 33129 (Florida broker BK3411036)
> Figures read on: 2026-10-07
> Plain-text copy of the page above for AI assistants and readers. Quote with attribution to BlueBay Brokers; each figure carries its own source and read date. Nothing here certifies that a short-term rental is legal at any address.

## The bet

600 Miami Worldcenter is finished business on paper: 606 furnished units, no rental minimum, a closed $95M loan, sold out before groundbreaking and topped off in October 2025. The developer has nothing left to sell. The door now is the closing wave in Q4 2026, when every original buyer funds the last 50 percent or sells. That is where a new buyer gets a delivered unit at a price the launch list never offered.

## Absorption and timing

How many homes close each year in this building's price band and postcode, against how many it is about to deliver. No brochure answers this, and it governs both the resale and the developer's willingness to discount.

Units delivering 606 all at once, to the same buyer pool

Closings per year 281 trailing 12 months, 33132, same band

Years of supply 2.2 this building alone

Band closes at $480/sf median of real closings, not asks

| Band, 33132 | Closed / 12 mo | Median price | Median $/sf |
|---|---|---|---|
| $300K – $500K | 167 | $400,000 | $480 |
| $500K – $800K | 114 | $593,750 | $559 |

**Absorption: the closing wave**

33132 closed 169 homes at $300K to $500K and 114 at $500K to $800K in the trailing year. 606 residences is 2.1 years of that flow, delivered in one quarter. The building was absorbed by its own buyers long ago; what matters now is how many of them list at closing, into a postcode already carrying 813 active listings against 401 closings, 24.3 months of supply. That depth is the buyer's leverage: sellers facing a 50 percent balance negotiate, and the first resales will set the building's price.

## The market it lands in

Everything for sale in 33132 today against everything that actually sold there this past year. This is the pool your resale competes in.

Active inventory 830 homes listed across 33132

Sold, trailing year 397 recorded closings, every price

Months of supply 25.1 under 6 favours sellers, over 12 favours buyers

Asking vs sold $822/sf asked, against $551/sf actually paid

How to read the gap

Asking is an opinion, sold is a fact, and months of supply is your leverage. Do not compare this building to the postcode median, which mixes in stock built decades ago: the comparison that counts is the band below.

## What recent deliveries resell for

The only read-across that means anything here: condominiums in 33132 built from 2023 onward, people who bought new and took delivery, and what their units resell for now.

New stock resells at $877/sf median of 16 closings this year

Movement since -22.3% across recently delivered buildings

This building asks $995/sf entry residences

Entry vs new stock +13% below zero means you buy new under resale

| Year of resale | Closings | Median $/sf |
|---|---|---|
| 2024 | 8 | $1,128 |
| 2025 | 16 | $869 |
| 2026 | 16 | $877 |

Why a year can show no figure

Under 5 transactions a median is noise, so it is withheld. Recently delivered buildings are thin by nature, which is itself worth knowing before counting on a quick resale.

## The basis

What it asks per foot against what its band actually closes at. Comparing one preconstruction ask to another tells you nothing: both are price lists.

Asking

$995/sf

Sold out · launched from the $400,000s · 402 – 830 sf · nothing listed on the MLS today

Band closes at $480/sf $300K – $500K, trailing 12 months

Listed here today 0 nothing on the MLS

**Launch price against what new stock resells at**

The entry studio launched at $400,000 for 402 sf, about $995 a foot. Condominiums built since 2023 in 33132 resold at a median $879 a foot on 15 closings this year, down 22 percent from 2024. Aria's own 501 First cleared one resale at $854, and Natiivo and Gale, the nearest furnished nightly-rental towers, closed between $756 and $1,048. So the market has already told original buyers what a delivered unit fetches. Underwrite near $880 a foot, around $355,000 for the studio, and let a motivated seller close the gap.

## On the MLS today

Nothing at this address is on the MLS

Not one Active listing at 600 NE 1st Ave, Miami FL 33132, pulled 2026-10-07. The building is being sold off-market by the developer's own sales team, which is normal at this stage and has one consequence worth stating: there is no independent asking price to check the developer's price list against, so every size and price on this page comes from the developer or the trade press rather than from a transaction. It is also why this page carries no photograph: the MLS licence that lets us display a listing's images does not extend to a render off a brochure.

## What the deposit costs to hold

A preconstruction deposit is committed years before you hold a deed, earning nothing. That carry is a real cost of the trade and it is never in the pitch. Modelled on $400,000 at 4.5% simple, 3 months to delivery.

| Milestone | % | Payment | Committed | Held | Carry |
|---|---|---|---|---|---|
| Deposits already paid, reimbursed to the original buyer at assignment | 50% | $200,000 | $200,000 | 3 mo | −$2,250 |
| At closing (Q4 2026) | 50% | $200,000 | $400,000 | 0 mo | −$0 |
| Committed before closing |  |  | $400,000 |  | −$2,250 |

Why this line matters more than the yield

Nothing is rented and nothing is owned meanwhile, so the whole return has to come from the gap between contract price and the market at delivery. That carry, about $2,250, is the hurdle before you break even, and deposits are generally non-refundable, so a delivery that slips extends it without your consent.

## Carry at delivery

What it costs to own before any income, on the smallest residence of 402 sf.

| HOA, not published by the developer | — |
|---|---|
| Property tax at 2.02% of $400,000 | −$8,080 |
| Insurance (HO-6), $3.60/sf | −$1,447 |
| Annual carry, before any income | −$9,527 |

**What to secure before you sign**

An assignment before closing needs the developer's written consent and usually a fee; ask for both, and for the original contract, since the deposits you reimburse are the 50 percent the seller already paid under the 10/10/20/10/50 schedule. The association budget is not published, so get it before pricing any yield. The rental claim comes from the developer's own material; read the recorded declaration and the city's registration rules. When units list, compare MLS areas with the County's, since new listings often quote balconies.

## Delivery risk

| Construction financing | Closed. $95M construction loan from Banco Inbursa, announced February 2024. |
|---|---|
| Presold | 100% at last disclosure |
| Delivery | Topped off 4 October 2025 at 32 storeys, glazing substantially complete by March 2026, closings anticipated in Q4 2026 (Florida YIMBY). The model holds three months. |
| Developer | Merrimac Ventures (Nitin Motwani) and Aria Development Group, the developer of 501 First next door. Revuelta Architecture International, The Design Agency interiors, Beauchamp Construction general contractor, OneWorld Properties sales. |
| Rental policy | No minimum rental restriction, per the developer's factsheet and the press; the recorded declaration has not been read |

## Recommendation

BlueBay Brokers · 600 Miami Worldcenter

### Buy at the closing, not at the launch price

A financed, topped-off, sold-out tower with no rental minimum, delivering this quarter in the middle of Miami Worldcenter. The construction risk is gone, which few preconstruction purchases can say.

Target owners who must fund their balance in Q4 2026. Offer near the $880 a foot delivered new stock resells at, get the association budget and the recorded rental language, and let the 606-unit wave work for you.

## Want the rest of it?

I am Steve Gabison, a Florida broker, licence BK3411036. I wrote this page. New developments are Carolina Peña's desk at BlueBay Brokers, broker, licence BK3288753: she will send you what is behind it, in English or Spanish.

#### The full file

This page is the public read. The file adds the unit-level price list and what is actually left, the developer's land basis and what it says about room on price, the recorded rental language, and a rental underwriting on the specific line you are looking at. No charge.

#### On the purchase

Developers in this pipeline pay a cooperating broker, so having me represent you costs nothing on top of the price. I negotiate the deposit schedule, the credits and the co-broke, with the recorded comps to argue from.

#### After delivery

Property Management Brickell LLC runs the unit, as it already does across Brickell, and my own host profile carries more than 2,900 reviews at 4.82 as a Superhost. You get the pro forma before you buy.

## Read next

- [501 First Residences, Downtown, Delivered 2026](https://bluebaybrokers.com/buildings/501-first)
- [Gale Miami Hotel & Residences, Downtown, Delivered 2024](https://bluebaybrokers.com/buildings/gale-miami)
- [Natiivo Miami, Downtown, Delivered 2024](https://bluebaybrokers.com/buildings/natiivo-miami)
- [All the new-development studies](https://bluebaybrokers.com/new-developments)
- [Developer price vs resale on six delivered Miami condos](https://bluebaybrokers.com/developer-price-vs-resale-miami)
- [What a preconstruction deposit costs to hold](https://bluebaybrokers.com/preconstruction-deposit-carry-miami)
- [Buying preconstruction in Miami as a foreign buyer](https://bluebaybrokers.com/buy-preconstruction-miami-foreign-buyer)
- [Brickell buildings that allow daily rentals, with sources](https://bluebaybrokers.com/brickell-buildings-daily-rentals)

## Sources

- [Florida YIMBY, $95M construction loan for 600 Miami Worldcenter (Feb 2024)](https://floridayimby.com/2024/02/merrimac-ventures-aria-development-group-secure-95m-construction-loan-for-600-miami-worldcenter-condominium-in-downtown-miami.html)
- [Florida YIMBY, 600 Miami Worldcenter tops off at 32 stories (Oct 2025)](https://floridayimby.com/2025/10/600-miami-worldcenter-tops-off-construction-at-32-stories-in-downtown-miami.html)
- [Florida YIMBY, glass installation and exterior finishing progress (Apr 2026)](https://floridayimby.com/2026/04/glass-installation-and-exterior-finishing-progress-on-600-miami-worldcenter-in-downtown-miami.html)
- [The Real Deal, Aria and Merrimac buy the Miami Worldcenter site (Nov 2022)](https://therealdeal.com/miami/2022/11/30/aria-merrimac-nab-miami-worldcenter-site-for-18m/)

**Method, licence and disclaimers**

**Absorption and closed prices** © 2026 Miami Association of Realtors / SEFMLS via Bridge Data Output, pulled 2026-10-07. Deemed reliable, not guaranteed.

**Developer data.** Unit counts, sizes, pricing and delivery dates are the developer's own and are not verified by BlueBay Brokers LLC, which does not represent the developers named here and receives no compensation from them.

**Not investment advice.** A scenario built from stated assumptions. Deposit carry uses simple interest and ignores tax. The recorded condominium documents govern every legal question raised here. Consult your own tax and legal advisers.

**Rental policy** as published by the developer and routinely amended before closing.