The Rise of the Pied-à-Terre in Miami: A New Real Estate Trend Takes Root

As Miami continues to solidify its position as a global hub for business, leisure, and culture, a new real estate trend is emerging: the rise of the pied-à-terre. Literally translating to “foot on the ground,” these smaller but exceptionally designed, functional living spaces are becoming highly sought after. Catering to hybrid workers, frequent travelers, and those drawn to Miami’s vibrant lifestyle part-time, the pied-à-terre trend reflects shifting consumer priorities in a dynamic real estate market.

Moreover, the influx of new developments allowing short-term rentals—a product type often feared in other U.S. cities—has further propelled this demand. Buyers are now able to capitalize on their investment while enjoying a home away from home in one of the world’s most desirable vacation destinations.

Why Now?

Several factors are fueling the rise of pied-à-terre living in Miami, including travel trends, workplace shifts, and the city’s luxury appeal.

Travel Trends

Recent data underscores Miami’s increasing allure as a destination for both domestic and international travelers. In the first quarter of 2024, Miami International Airport recorded an 11.6% increase in passenger traffic compared to the same period in 2023, with international travelers accounting for a 12% uptick. The rebound in global tourism and record-high domestic travel makes Miami a prime location for those seeking a convenient base for frequent visits.

Short-Term Rentals

The short-term rental market in Miami is booming, offering buyers the opportunity to own a second home that also functions as an income-generating asset. Unlike many other U.S. cities, Miami embraces this product type, allowing investors to maximize their property’s potential while enjoying its perks for personal use.

Workplace Shifts

The normalization of hybrid and remote work models has created a demand for flexible housing solutions. Many professionals now require a comfortable base for extended work trips, and pied-à-terre properties offer a more personal, cost-effective, and convenient alternative to long-term hotel stays.

Luxury Appeal

Miami’s expanding dining, cultural, and nightlife scenes continue to attract affluent buyers. For those who seek to immerse themselves in the city’s vibrant lifestyle without committing to a primary residence, a pied-à-terre provides the perfect solution.

Developments Shaping the Trend

A handful of standout Miami developments are leading the way in catering to pied-à-terre buyers, offering unique advantages that blend convenience, luxury, and investment potential.

Nexo Residences: Located in North Miami Beach, this project by Fortune International Group and Blue Road Group combines flexible short-term rental options with upscale amenities. Units are fully furnished and designed for turnkey living, making them ideal for frequent travelers and investors alike.

ELLE Residences Miami: Inspired by the elegance of the French Riviera, this development by Vertical Developments and UNCG is situated in Edgewater. ELLE offers a boutique living experience with pre-furnished condos that cater to those seeking luxury and convenience in the heart of Miami.

Surf Row Residences: Developed by LD&D, this boutique collection of ultra-luxury condos is located in Miami Beach’s Surfside neighborhood. Offering expansive floor plans and proximity to the ocean, Surf Row combines the privacy of single-family living with the convenience of a pied-à-terre, making it an ideal choice for discerning buyers seeking a second home in an exclusive coastal setting.

A Lasting Trend?

The rise of the pied-à-terre is more than just a passing trend. It reflects broader lifestyle shifts, with Miami’s evolving appeal as a global destination playing a central role. For buyers seeking flexibility, investment potential, and a slice of the city’s dynamic energy, these compact yet luxurious properties represent the future of modern living. As the city continues to grow, the pied-à-terre may become an essential component of Miami’s ever-diverse real estate landscape.

---

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Unveiling the Waldorf Astoria Residences Penthouse Collection: Coastal Luxury Redefined in Pompano Beach

The Waldorf Astoria Residences in Pompano Beach have officially debuted their stunning Penthouse Collection, marking a new chapter in South Florida’s luxury real estate landscape. Priced between $16 million and $20 million, these four meticulously designed penthouses offer an unparalleled blend of coastal sophistication, modern design, and iconic Waldorf Astoria hospitality. This launch solidifies Pompano Beach’s transformation into a prime destination for high-end living, joining the ranks of other luxury developments like W Pompano Beach Hotel & Residences and Armani/Casa.

Each penthouse boasts 70 linear feet of uninterrupted ocean views, with wraparound terraces showcasing breathtaking vistas of the Atlantic Ocean, Intracoastal Waterway, and the city skyline. The two upper-level penthouses, perched on the 27th and 28th floors, feature expansive rooftop terraces ranging from 3,200 to 3,500 square feet. These private outdoor retreats are outfitted with air-conditioned entertainment spaces, summer kitchens, and private pools, offering a true indoor-outdoor lifestyle. Inside, interiors by BAMO include oversized primary suites, spa-inspired bathrooms with ocean views, spacious wardrobe rooms, and gourmet kitchens designed to perfection. Dedicated service quarters in select residences add another layer of privacy and convenience.

The Penthouse Collection is further elevated by the Waldorf Astoria’s signature amenities and services, which include over 15,000 square feet of lifestyle and wellness spaces. Residents will enjoy a beachfront café, a pool with cabanas, a spa, state-of-the-art fitness facilities, and exclusive access to nearly two dozen boat slips. Entertainment options abound with a billiards lounge, children’s playroom, and curated art from the Jorge M. Pérez Contemporary Art Collection. As always, the Waldorf Astoria ensures a seamless living experience with 24/7 concierge services, in-residence dining, and beachside service.

The unveiling of the Penthouse Collection represents a defining moment in Pompano Beach’s emergence as a luxury hotspot. “These penthouses epitomize the evolution of coastal living, blending timeless Waldorf Astoria elegance with the natural beauty of South Florida,” said Nick Pérez, President of Related Group’s Condominium Division. With its rich history and bold new vision, Pompano Beach now stands as a leading contender among the world’s most exclusive luxury markets.

For those seeking a blend of sophistication, world-class service, and unmatched coastal views, the Waldorf Astoria Residences Pompano Beach Penthouse Collection sets a new standard for oceanfront living. Visit waldorfastoriaresidencespompanobeach.com to explore availability, pricing, and floor plans.

---

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Art Basel 2024: Miami’s New Luxury Condos Blur the Lines Between Real Estate and Fine Art

As Art Basel Miami Beach 2024 unfolds from December 6th to December 8th, the city once again becomes the epicenter of the global art world. But this year, Miami’s allure isn’t limited to its galleries and exhibitions. A new wave of luxury condominiums is turning heads, transforming the city’s skyline into a gallery of architectural masterpieces. With design-forward concepts that rival the works on display at Art Basel itself, these properties combine cutting-edge architecture with interiors that feel as curated as the finest art collections.

Here are three of Miami’s most artistic new residential developments, where real estate meets the ethos of Art Basel:

1. ELLE Residences Miami

A living testament to the phrase “design as art,” ELLE Residences Miami brings the iconic style of ELLE Decor to life. Created by The One Atelier, these 25-story luxury residences blend Parisian elegance with contemporary vibrancy. Think chevron-patterned flooring, bold geometric designs, and walls adorned with textured wallpaper that add dimension and intrigue. Curated in collaboration with ELLE Decor editors, the interiors feature standout pieces from top European designers and brands.

Located in the heart of Miami, ELLE Residences transforms everyday living into a gallery-like experience, blurring the boundaries between fine art and modern design. Developed by Vertical Developments and Urban Network Capital Group, the 180 turnkey units are a must-see for lovers of high design.

2. Surf Row Residences

Located in exclusive Surfside, Surf Row Residences offers a serene, design-driven oasis that pays homage to Miami’s coastal beauty and cultural heritage. Its architecture by Alfonso Jurado Architecture and Boris Pena Architects mimics natural forms, from wind-sculpted sand to waves. White facades nod to the city’s Art Deco traditions, while materials like coral stone and boardwalk-inspired tiles evoke the textures of the beach.

The 25 bespoke condominiums feature expansive layouts that seamlessly merge indoor and outdoor spaces with skylights, layered glass facades, and generous balconies. A unique collaboration with RH and customizable options through InteriorSelect allow residents to personalize their homes, capturing a balance between modern luxury and organic tranquility.

3. Dolce&Gabbana Residences Miami

The Dolce&Gabbana Residences Miami redefines opulence with its bold architectural statement. Designed in collaboration with Studio Sofield, the tower is capped with a bronze sculptural crown that punctuates the Miami skyline. Its facade—crafted from ivory travertine, matte black steel, and accented with gold and bronze—evokes the sophistication of Milanese mid-century design with the vibrant edge of Miami’s aesthetic.

Interiors, curated by Milan-based M2Atelier, bring Dolce&Gabbana’s signature Italian flair into every corner. Handmade details and luxurious materials create spaces that are as much about craftsmanship as they are about living. With a focus on bold design and unparalleled luxury, this development is a fitting tribute to the intersection of fashion, art, and architecture.

Why It Matters

Art Basel celebrates the power of creativity and design, and Miami’s luxury condos are proving that real estate can be an extension of that ethos. These developments are not merely places to live—they are immersive experiences that combine artistry, innovation, and the highest levels of craftsmanship.

Whether you’re attending Art Basel or simply exploring Miami’s growing skyline, these properties deserve a closer look. For those who appreciate the finer things, this fusion of real estate and art is the ultimate statement of luxury living.

---

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Inside a $35,000,000 FLOATING Mansion With Ryan Serhant

This week Ryan Serhant, shows us The most expensive. Listing in Naples, FL costs $35,000,000 and is floating!!! I hear Naples, Florida is a hot market for Real Estate all the time. See more of this amazing video below.

$35,000,000 could never be this crazy in New York City real estate! It's one thing marvel at the luxury of these insane mansions, and another to marvel at the crazy engineering that keeps them up...or in this case afloat!! Would you live on floating mansion if it looked like this?

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Melissa Ziweslin Brings Corcoran Sunshine to the Sunshine State

Melissa Ziweslin

Corcoran Sunshine Marketing Group has announced the expansion of Senior Managing Director Melissa Ziweslin’s role to include leading the marketing and sales strategies for new development projects throughout Florida, adding to her existing scope of work in New York City and expanding the firm’s presence in this key luxury market. Corcoran Sunshine Marketing Group has most recently represented the Four Seasons Private Residences at The Surf Club in Surfside, FL among other premier South Florida new developments. 

Ziweslin has worked with some of the finest development teams and partners including Silverstein Properties, GID Development Group, Extell Development Group, The Carlyle Group and ADIA. With 15 years of experience focused on luxury new development in New York City, including two of the city’s most successful projects – Four Seasons Private Residences at 30 Park Place and Waterline Square– Ziweslin has overseen more than $5 billion in property sales.

“Since joining Corcoran Sunshine, Melissa has been a valued member of our team,” said Pamela Liebman, President & CEO of The Corcoran Group. “Her deep experience with many of the industry’s preeminent development partners and her successful track record in New York City will be a great asset when growing Corcoran Sunshine’s presence in an important luxury market like South Florida.”

“With Melissa’s extensive ultra-luxury experience in branded condominium sales and her forward-thinking strategies in master plan work, it was an easy decision for her to lead our expanding presence in South Florida,” says Kelly Kennedy Mack, President of Corcoran Sunshine Marketing Group.

“As the most respected and recognized industry leader in new development, it’s an honor to lead Corcoran Sunshine’s portfolio in Florida,” says Melissa. “My goal is to continue to build on nearly two decades of trust that Corcoran Sunshine has established with renowned architects, developers and designers to positively influence the high demands of the booming South Florida luxury market.”

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Corcoran grows in Florida!

Corcoran Group, LLC today announced its continued expansion in Florida by welcoming its newest affiliate in Sarasota and St. Petersburg, Corcoran Dwellings, led by Liane Jamason and Marc Rasmussen. The announcement, made by Pamela Liebman, President and CEO of The Corcoran Group, is the firm's first affiliate launch of the new year.

From the broad beaches of its barrier islands to the vibrant cultural landscape of its downtown core, Sarasota offers an unparalleled array of opportunities for residents and visitors alike. Just recently, U.S. News and World Report named Sarasota as the best place to retire in 2022. Comparably, St. Petersburg is the 5th largest city in Florida known for its youthful atmosphere, historic homes, and a strong focus on community. 'St. Pete', as it's called among locals, has also been nicknamed the Sunshine City – thanks in part to a Guinness World Record it holds for the longest stretch of sunshine in the country. For all of this and more, both areas are an ideal fit for Corcoran's ever-expanding Florida presence, one of the firm's two home states through brokerage-owned operations.

"I couldn't be happier to kick off this year by welcoming another fantastic firm to grow our presence in Florida – a place near and dear to so many of us at Corcoran," said Liebman. "Sarasota and St. Pete have so much to offer, and now we get to offer our inimitable brand and expertise to clients in the region. Liane and Marc have built something really special together, and I'm pleased that they're continuing that work as Corcoran Dwellings."

Established in 2011, the firm formerly known as Dwell Real Estate was founded in Sarasota by Marc Rasmussen, a veteran Realtor® who had a goal of building a boutique experience for buyers and sellers alike. After successfully recruiting numerous top-of-the-line agents, the firm later opened its second office in late 2016, in St. Petersburg. Three years later, Marc then joined forces with Liane Jamason, who to date has had more than $147 million in lifetime sales. Together, they've crafted an environment based around the utmost agent support and professionalism – one that has resulted in them setting several sales price records in the region. And just last March, Liane closed on the sale of former Tampa Bay Rays pitcher Blake Snell's home.

"We prioritize each client by making them feel like they're our only client with a focus on superior market knowledge, thorough client communication and ethical client advocacy," said Marc Rasmussen, founder and co-owner of Corcoran Dwellings. "We also always want to give our affiliated agents the best resources to take their business to the next level and we prioritize working with like-minded individuals. With a focus on lead generation and technology, our goals align perfectly with the Corcoran brand, and we look forward to being part of the broader Corcoran family."

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Luxury Florida Properties You Need To See

The Northeast migration down south continues after the likes of Carl Icahn, Goldman Sachs and many others have set their sights set on Miami. Millionaire and billionaire execs and investors leaving the NYC for the South Florida area – who will benefit greatly from sunny weather and lower taxes, among other things - will surely need advice on where to live. The residences listed below offer varying amenities and features for executives should Goldman Sachs change their headquarters, making it easy to find the perfect home in South Florida: 

Design Tower

 For the car lover out there, Porsche Design Tower in Sunny Isles Beach is next level. Developed by Dezer Development, the 60-story tower offers the “Dezervator” car elevator – a patented revolutionary car elevator system that takes both residents and their vehicles up to their home, where cars double as apartment keys. These built-in “sky garages” are separated from the living area by a large glass wall and scream, “I’ve arrived.”. 

Armani/Casa

For those who appreciate both fashion and unbeatable views, Residences by Armani/Casa’s 60-story oceanfront tower  – also in Sunny Isles Beach - is Armani/Casa Design Studio’s first real estate project in the U.S. Also developed by Dezer Development, in cooperation with The Related Group, this branded residencies ideal for the international fashionista. 

And for those who want peace and luxury outside the city, there’s  - Windsor, a private luxury residential community in Vero Beach perfect for the low-key family with impeccable taste who desires privacy. The members-only community was designed in the New Urbanism style of residential living and is comprised of 350 homesites in several styles, all remarkable for their signature Anglo-Caribbean architecture. Residents enjoy seclusion combined with golf, tennis, wine, exemplary services, and sporting activities.  

Elizabeth Hanley, President of Windsor Properties says “Windsor is ideal for individuals and families who desire a more private lifestyle without sacrificing luxury or a sense of community. We have an increasingly diverse and multigenerational membership. Our buyers are drawn to Windsor for its design aesthetic, world-class sporting amenities, and wide range of culinary and cultural events and activities. As corporate financial giants migrate to South Florida, we have seen and expect to continue to see more interest from executives and their families relocating from NYC and other northeastern cities.”

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.