# NoMad Residences Wynwood: resale prices, rental rules

> Source: https://bluebaybrokers.com/buildings/nomad-wynwood
> 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

NoMad Wynwood is the first delivered hotel-branded building in Wynwood with no rental restrictions written into its marketing, and it arrived more than 90 percent sold. The trade is income: furnished, managed in-house, on the avenue where the visitors already are. Fifteen resales ask a median $1,304 a foot against $502 for what the postcode actually closes, so the buyer's job is to underwrite the nightly income, because the resale market has not yet said what this is worth.

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

Closings per year 112 trailing 12 months, 33127, same band

Years of supply 2.9 this building alone

Band closes at $481/sf median of real closings, not asks

| Band, 33127 | Closed / 12 mo | Median price | Median $/sf |
|---|---|---|---|
| $450K - $1M | 95 | $625,000 | $481 |
| $1M and above | 17 | $1,375,000 | $827 |

**A postcode with volume, and almost nothing delivered to compare**

Wynwood's 33127 closed 102 homes between $450,000 and $1.3M in the last twelve months, so the fifteen resales listed here are seven weeks of ordinary volume, and 37 owners already have units on the rental market, which says more about who bought than any brochure. What the postcode lacks is a delivered new condominium: only eleven closings on stock built since 2022, at a median $444 a foot that is not this product. The exit is unmeasured, not thin, and that is the honest reading.

## The market it lands in

Everything for sale in 33127 today against everything that actually sold there this past year. This is the pool your resale competes in.

Active inventory 178 homes listed across 33127

Sold, trailing year 144 recorded closings, every price

Months of supply 14.8 under 6 favours sellers, over 12 favours buyers

Asking vs sold $894/sf asked, against $449/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 33127 built from 2023 onward, people who bought new and took delivery, and what their units resell for now.

New stock resells at —/sf withheld, 2 resales this year

Movement since — across recently delivered buildings

This building asks $1,239/sf entry residences

Entry vs new stock — below zero means you buy new under resale

| Year of resale | Closings | Median $/sf |
|---|---|---|
| 2026 | 2 | withheld, 2 sales |

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

$1,239–$1,289/sf

Resales from $575,000 · 464 - 931 sf · furnished studios to two bedrooms, delivered May 2026

Band closes at $481/sf $450K - $1M, trailing 12 months

Listed here today 25 median $1,200/sf

**What the launch cohort paid is not on the record yet**

The condominium's unit deeds are not readable in our County scan: the MLS carries the land plat's folio, so the launch cohort's basis is not measured here. What is on the record is one closed resale at $705,000 for unit 502 in August 2026 and fifteen asks at a median $1,304 a foot. The gap between that ask and the postcode's $502 is the branded, furnished, rentable premium, all of it unproven by a resale cohort. Treat the ask as the seller's opening position.

## On the MLS today

25 listings at this address are Active right now, pulled 2026-10-07. 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 |
|---|---|---|---|---|---|---|
| [240](https://bluebaybrokers.com/listing?mls=A12036265) | 0/1 | 479 sf | $575,000 | $1,200 | $696 | 73 |
| [421](https://bluebaybrokers.com/listing?mls=A12095348) | 1/1 | — | $595,000 | — | $948 | 0 |
| [244](https://bluebaybrokers.com/listing?mls=A12039662) | 0/1 | 479 sf | $629,900 | $1,315 | $696 | 62 |
| [606](https://bluebaybrokers.com/listing?mls=A12095336) | 1/1 | — | $639,000 | — | $948 | 0 |
| [528](https://bluebaybrokers.com/listing?mls=A12039220) | 1/1 | 638 sf | $645,000 | $1,011 | $948 | 111 |
| [533](https://bluebaybrokers.com/listing?mls=A12055772) | 0/1 | — | $650,000 | — | $751 | 28 |
| [202](https://bluebaybrokers.com/listing?mls=A12013965) | 1/1 | — | $650,000 | — | $898 | 153 |
| [441](https://bluebaybrokers.com/listing?mls=A12084964) | 0/1 | — | $670,000 | — | $696 | 6 |
| [545](https://bluebaybrokers.com/listing?mls=A12094016) | 0/1 | — | $680,000 | — | $861 | 3 |
| [710](https://bluebaybrokers.com/listing?mls=A12090856) | 1/1 | 576 sf | $699,000 | $1,214 | $934 | 1 |
| [538](https://bluebaybrokers.com/listing?mls=A12070536) | 1/1 | 624 sf | $710,000 | $1,138 | $892 | 0 |
| [432](https://bluebaybrokers.com/listing?mls=A12048217) | 1/1 | 624 sf | $715,000 | $1,146 | $892 | 54 |
| [317](https://bluebaybrokers.com/listing?mls=A12027662) | 1/1 | 720 sf | $720,000 | $1,000 | $898 | 111 |
| [302](https://bluebaybrokers.com/listing?mls=A12075245) | 1/1 | 624 sf | $725,000 | $1,162 | $900 | 31 |
| [717](https://bluebaybrokers.com/listing?mls=A12026913) | 1/1 | 720 sf | $799,000 | $1,110 | $898 | 70 |
| [809](https://bluebaybrokers.com/listing?mls=A12090621) | 1/1 | — | $815,000 | — | $898 | 0 |
| [PH814](https://bluebaybrokers.com/listing?mls=A11972859) | 1/1 | 720 sf | $845,900 | $1,175 | $898 | 215 |
| [426](https://bluebaybrokers.com/listing?mls=A12086199) | 2/2 | 840 sf | $1,000,000 | $1,190 | $1,300 | 24 |
| [337](https://bluebaybrokers.com/listing?mls=A12042951) | 2/2 | 840 sf | $1,095,000 | $1,304 | $1,230 | 102 |
| [536](https://bluebaybrokers.com/listing?mls=A12084517) | 2/2 | 840 sf | $1,100,000 | $1,310 | $1,234 | 1 |
| [642](https://bluebaybrokers.com/listing?mls=A12053193) | 2/2 | 840 sf | $1,230,000 | $1,464 | $1,230 | 2 |
| [442](https://bluebaybrokers.com/listing?mls=A12069398) | 2/2 | — | $1,249,900 | — | $1,230 | 55 |
| [237](https://bluebaybrokers.com/listing?mls=A12033679) | 2/2 | 840 sf | $1,300,000 | $1,548 | $1,230 | 0 |
| [422](https://bluebaybrokers.com/listing?mls=A12058964) | 2/2 | 830 sf | $1,697,000 | $2,045 | $1,222 | 55 |
| [822](https://bluebaybrokers.com/listing?mls=A12036313) | 2/2 | 830 sf | $1,790,000 | $2,157 | $1,221 | 74 |

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 24 photographs carried on MLS listing A12026913 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.

## Carry at delivery

What it costs to own before any income, on the smallest residence of 464 sf.

| HOA, not published by the developer | — |
|---|---|
| Property tax at 2.02% of $645,000 | −$13,029 |
| Insurance (HO-6), $3.60/sf | −$1,670 |
| Annual carry, before any income | −$14,699 |

**Nothing to carry, and the income documents decide it**

Delivered on 6 May 2026, so there is no deposit schedule and no delivery risk; $141.5M of financing closed in May 2024 with Kennedy Wilson senior and Related Fund Management mezzanine, and the building is approaching sell-out. The trade lives or dies on three documents: the recorded Declaration's rental clause, the in-house management agreement and its fee schedule, and the first season's actual statements from any unit already operating. Ask for all three before pricing a night.

## How it was built and sold

| Construction financing | $141.5M closed in May 2024: a $90M senior construction loan from Kennedy Wilson and a $51.5M mezzanine loan from Related Fund Management, the investment arm of New York's Related Companies (The Real Deal). The project was more than 80 percent presold at that date. |
|---|---|
| Presold | 90% at last disclosure |
| Delivery | Delivered. Construction started October 2023, the developers announced completion on 6 May 2026 with the first residents moving in and more than 90 percent of residences accounted for. There is no delivery risk left to price. |
| Developer | Related Group (Pérez family) with David Edelstein's Tricap and Alex Karakhanian's Lndmrk Development; the NoMad brand belongs to Andrew Zobler's Sydell Group. Architecture by Arquitectonica, interiors by DesignAgency, sales by Fortune Development Sales. |
| Rental policy | Marketed with no rental restrictions and in-house guest management, per the developers' completion release of 6 May 2026, and as short-term-rental friendly (broker inventory sheet, read 17 September 2026) |

## Recommendation

BlueBay Brokers · NoMad Residences Wynwood

### Buy it as a furnished rental, priced on its own statements

The case for it is real: a delivered, sold-out, brand-managed building with no rental restriction in its marketing, on Wynwood's main avenue, with 37 units already renting. For a buyer who wants furnished nightly income with the operations handled, this is the most turnkey version of Wynwood available today.

The case against is the price of that convenience. At $1,304 a foot the asks are two and a half times what the postcode closes, and no resale cohort has yet confirmed any of it. Underwrite on the building's own operating statements, not on the ask, and negotiate from the fact that fifteen sellers are competing 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 full closing record unit by unit, what resellers are asking against what they paid, the recorded rental language, and a rental underwriting on the specific line you are looking at. No charge.

#### On the purchase

You are buying a resale here, so the seller's side pays the co-broke and representation costs you nothing. I argue from the recorded closing prices above, including what the current owner actually paid and when.

#### Once you own it

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

- [Frida Kahlo Wynwood Residences, Wynwood, Delivering Q2/Q3 2028](https://bluebaybrokers.com/buildings/frida-kahlo-wynwood)
- [TwentySixth&2nd Wynwood, Wynwood, Delivering Q2 2028](https://bluebaybrokers.com/buildings/twentysixth-2nd)
- [The Rider, Wynwood, Q3 2027](https://bluebaybrokers.com/buildings/rider-wynwood)
- [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)
- [Buying preconstruction in Miami as a foreign buyer](https://bluebaybrokers.com/buy-preconstruction-miami-foreign-buyer)

## Sources

- [The Real Deal, Related Group, partners get financing for NoMad Wynwood (May 2024)](https://therealdeal.com/miami/2024/05/07/related-group-partners-get-financing-for-nomad-wynwood/)
- [The Real Deal, Related, Tricap launch sales of NoMad-branded condos in Wynwood (Apr 2022)](https://therealdeal.com/miami/2022/04/13/related-tricap-launch-sales-of-nomad-branded-condos-in-wynwood-with-casa-tua/)
- [PROFILEmiami, developers complete NoMad Residences Wynwood (May 2026)](https://profilemiami.com/miamirealestate/2026/5/6/related-group-tricap-and-sydell-group-complete-nomad-residences-wynwood-miamis-arts-district-first-hospitality-infused-condominium)

**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.