# Miami Design Residences by Fouquet's: prices and deposits

> Source: https://bluebaybrokers.com/buildings/fouquets-design-district
> Publisher: BlueBay Brokers LLC, 1541 Brickell Ave #1201, Miami FL 33129 (Florida broker BK3411036)
> Figures read on: 2026-11-11
> 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

Miami Design Residences by Fouquet's asks $2,000 a foot for its entry one-bedroom, 902 sf at $1,804,000, against $993 for 33137 condos built since 2023 and resold this year. That is twice the postcode, for the one thing the postcode cannot offer: a David Chipperfield tower inside the Design District, built by the people who built the district, with a five-star hotel attached. It is priced as a trophy and should be bought as one.

## 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 143 all at once, to the same buyer pool

Closings per year 120 trailing 12 months, 33137, same band

Years of supply 1.2 this building alone

Band closes at $959/sf median of real closings, not asks

| Band, 33137 | Closed / 12 mo | Median price | Median $/sf |
|---|---|---|---|
| $1.5M – $3M | 81 | $1,825,000 | $959 |
| $3M – $6M | 29 | $3,650,000 | $1,145 |
| $6M and above | 10 | $9,925,000 | $2,210 |

**Absorption and timing**

33137 closed 120 homes above $1.5M in the last twelve months: 81 between $1.5M and $3M, 29 from $3M to $6M and 10 above. 143 residences is 1.2 years of that market, a manageable delivery, by the developer that built the district around it. Two cautions. Above $6M the postcode closed one condominium all year; the other nine were houses, so the top of this building has almost no resale evidence. And it does not arrive alone: Jean-Georges Miami Tropic brings 338 residences four blocks south at $1,424 a foot. Delivery is 2030, which leaves time to watch both price lists move.

## The market it lands in

Everything for sale in 33137 today against everything that actually sold there this past year. This is the pool your resale competes in.

Active inventory 570 homes listed across 33137

Sold, trailing year 479 recorded closings, every price

Months of supply 14.3 under 6 favours sellers, over 12 favours buyers

Asking vs sold $770/sf asked, against $689/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 33137 built from 2023 onward, people who bought new and took delivery, and what their units resell for now.

New stock resells at $993/sf median of 46 closings this year

Movement since -4.9% across recently delivered buildings

This building asks $2,000/sf entry residences

Entry vs new stock +101% below zero means you buy new under resale

| Year of resale | Closings | Median $/sf |
|---|---|---|
| 2023 | 4 | withheld, 4 sales |
| 2024 | 21 | $1,044 |
| 2025 | 22 | $1,014 |
| 2026 | 46 | $993 |

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 $2,000–$3,356/sf $1.8M – $10M listed · 902 – 2,975 sf · one to four bedrooms

Band closes at $959/sf $1.5M – $3M, trailing 12 months

Listed here today 7 median $2,120/sf

**The premium, measured**

The two entry one-bedrooms, 902 and 1,036 sf, both ask $2,000 a foot. The $1.5M to $3M band in 33137 closes at $959, and the 34 condos built since 2023 that resold above $1.5M in the last twelve months, mostly Aria Reserve and Missoni Baia on the bay, closed at $1,024. The dearest of the 80 condominiums that closed above $1.5M in the postcode went for $1,375 a foot. Jean-Georges, the nearest branded competitor, asks $1,424. So Fouquet's opens 40 percent above the next new tower and 45 percent above the best resale on record, and the gap widens with height: $2,750 a foot for the three-bedroom on 21, $3,356 for the four-bedroom. The lower floors are the better-bought feet.

## On the MLS today

7 listings at this address are Active right now, pulled 2026-11-11. Leases are excluded: a monthly rent sitting in the price column wrecks any comparison. This is what a buyer can actually transact on today, as opposed to what a price list says.

| Unit | Bd/Ba | Interior | Asking | $/sf | HOA / mo | Days |
|---|---|---|---|---|---|---|
| [404](https://bluebaybrokers.com/listing?mls=A12049418) | 1/2 | 902 sf | $1,804,000 | $2,000 | $2,138 | 99 |
| [405](https://bluebaybrokers.com/listing?mls=A12053658) | 1/2 | 1,036 sf | $2,072,000 | $2,000 | $2,451 | 92 |
| [403](https://bluebaybrokers.com/listing?mls=A12053681) | 2/3 | 1,341 sf | $2,695,000 | $2,010 | $3,125 | 92 |
| [707](https://bluebaybrokers.com/listing?mls=A12053705) | 2/3 | 1,550 sf | $3,286,000 | $2,120 | $3,694 | 92 |
| [602](https://bluebaybrokers.com/listing?mls=A12053695) | 2/3 | 1,766 sf | $3,950,000 | $2,237 | $4,164 | 92 |
| [2103](https://bluebaybrokers.com/listing?mls=A12053713) | 3/4 | 2,102 sf | $5,780,000 | $2,750 | $5,358 | 92 |
| [2101](https://bluebaybrokers.com/listing?mls=A12053718) | 4/5 | 2,975 sf | $9,985,000 | $3,356 | $6,441 | 92 |

How to read this table

On new construction the MLS area is routinely the total rather than the interior, and it runs larger than the County's recorded figure, by 10 to 30 percent on the units already tested in this pipeline. Treat the $/sf column as the seller's own arithmetic and re-divide by the recorded area before comparing it with anything delivered.

## Photographs

The 15 photographs carried on MLS listing A12053695 at this address. On a building still under construction these are the developer's renders and the sales-gallery material, not the finished product.

**Photographs** © SEFMLS, displayed from the MLS under the same licence that permits display of the listing itself. Renders are the developer's own and are subject to change.

## 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 $1,804,000 at 4.5% simple, 42 months to delivery.

| Milestone | % | Payment | Committed | Held | Carry |
|---|---|---|---|---|---|
| At contract (assumed standard) | 10% | $180,400 | $180,400 | 42 mo | −$28,413 |
| At groundbreaking (not yet announced) | 10% | $180,400 | $360,800 | 39 mo | −$26,384 |
| At top-off | 10% | $180,400 | $541,200 | 12 mo | −$8,118 |
| At closing | 70% | $1,262,800 | $1,804,000 | 0 mo | −$0 |
| Committed before closing |  |  | $1,804,000 |  | −$62,914 |

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 $62,914, 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 902 sf.

| HOA at $2.37/sf/month | −$25,653 |
|---|---|
| Property tax at 2.02% of $1,804,000 | −$36,441 |
| Insurance (HO-6), $3.60/sf | −$3,247 |
| Annual carry, before any income | −$65,341 |

**What to secure before you sign**

Three things. The deposit schedule: none is published, so the carry above assumes the Miami 10/10/10/70, about $63,000 on the entry residence over 42 months. The funding: no construction loan and no groundbreaking have been reported, and the 2030 delivery is read off the MLS listings, not off a developer statement. And the rental rule: Fouquet's will manage the residences, with housekeeping and chauffeur service, but nothing published says what an owner may rent or through whom. Budget the ownership too: association dues read $2.37 a foot a month on the listings, and the entry residence carries about $65,000 a year before any income.

## Delivery risk

| Construction financing | Not published. No construction loan for the project has been reported in the trade press as of 11 November 2026. |
|---|---|
| Presold | Not disclosed |
| Delivery | 2030, read from the year-built field of the seven MLS listings; The Real Deal's launch piece gives no date. Miami's design review board approved the project in January 2026. No groundbreaking has been reported. |
| Developer | Miami Design District Associates, led by Craig Robins' Dacra, with Nadim Ashi's Fort Partners, Raycliff Capital (Bippy Siegal) and Qatar's Constellation Hotels Holding. David Chipperfield with Cube 3, interiors by RDAI, sales by Corcoran Sunshine. Fouquet's, the Barrière group's brand, flags the adjoining 85-key hotel, manages the residences and runs the five dining concepts. |
| Rental policy | Rental policy not published; Fouquet's is to manage the residences (The Real Deal, 23 April 2026). Recorded declaration not yet filed |

## Recommendation

BlueBay Brokers · Miami Design Residences by Fouquet's

### Buy it as a home in the district, on the lower floors

A real product: David Chipperfield's only project underway in Florida, RDAI interiors, a Fouquet's hotel next door, and a sponsor group led by the developer of the Design District itself. 143 residences is 1.2 years of what 33137 closes above $1.5M.

The price is twice the postcode and 40 percent above Jean-Georges four blocks away, with no loan announced. Buy the $2,000-a-foot floors for the address, not for a resale margin, and commit the deposit when the financing is on the record.

## 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.

#### Before anything else

The rental policy here is not published, so I will not sell you a management plan on it. I will get the recorded declaration language and tell you what is actually permitted. That has to be true before the rest matters.

## Read next

- [Jean-Georges Miami Tropic, Design District, Delivering 2028 – 2029](https://bluebaybrokers.com/buildings/jean-georges-design-district)
- [EDITION Residences Miami Edgewater, Edgewater, Delivering 2029](https://bluebaybrokers.com/buildings/edition-edgewater)
- [Missoni Baia, Edgewater, Delivered 2023](https://bluebaybrokers.com/buildings/missoni-baia)
- [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)

## Sources

- [The Real Deal, Sales launch for Miami Design District condos managed by Fouquet's (Apr 2026)](https://therealdeal.com/miami/2026/04/23/sales-start-for-fouquets-managed-design-district-condos/)
- [The Real Deal, Gucci, Louis, Fendi, Prada attract luxury resi developers to Miami Design District (Apr 2026)](https://therealdeal.com/miami/2026/04/06/miamis-design-district-has-1000-resi-units-in-the-pipeline/)
- [MIAMI MLS via Bridge, listings and closings read 11 November 2026](https://bluebaybrokers.com/new-developments)

**Method, licence and disclaimers**

**Absorption and closed prices** © 2026 Miami Association of Realtors / SEFMLS via Bridge Data Output, pulled 2026-11-11. 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.