Highest-Priced Miami Pre-Construction Condos: The Perigon Miami Beach

OMA, the firm founded by Rem Koolhaas, has shaped some of the most influential buildings in the world (CCTV Headquarters, Seattle Central Library, Fondazione Prada in Milan). In Miami Beach it is already known for the Faena Forum cultural venue. The Perigon Miami Beach is the firm's first residential project in the city.

The tower sits on almost 200 feet of beachfront at 5333 Collins Avenue in Mid-Beach, backed by the Miami Beach Boardwalk. It topped out at 17 stories in March 2026, and the development team described it as the first new oceanfront residential tower of the current Miami Beach cycle to reach full height. As of October 2026 it is still under construction, and the developer's website lists occupancy for summer 2027.

This is the seventh profile in our highest-priced Miami pre-construction condo series.

The Quick Take

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Why It Sits Near the Top of the Market

Three things put The Perigon firmly in the trophy conversation:

1. OMA's first Miami Beach residences. The building is designed as rippling glass volumes with flow-through living and dining areas, and the developer markets views of both the Atlantic Ocean and Biscayne Bay: sunrise over the ocean, sunset over the bay.
2. Almost 200 feet of beachfront. The site sits directly on the sand. It was previously the La Costa condominium, an older building that Mast Capital bought out and that the city declared unsafe.
3. Topped-out status. The structure reached full height in March 2026. That removes some construction risk, though buyers are still purchasing before a certificate of occupancy.

Pricing Reality

Pricing has climbed in steps as the building sold through:

Launch-era starting prices from when reservations opened in March 2022 no longer apply, and the developer has not published a current top price. In May 2023 the team unveiled Penthouse West, a penthouse with a private rooftop and infinity-edge pool, at a $37M asking price. That is a dated listing figure, not a current published price range. Confirm current availability and pricing with the sales team.

What Makes the Product Different

OMA's massing approach is the headline:

• Rippling glass volumes with the building's ends lifted above the flood line, according to OMA's 2022 design unveiling
• Flow-through two- to four-bedroom layouts with oversized terraces and professional kitchens
• Tara Bernerd interiors and Gustafson Porter + Bowman landscape
• A penthouse tier led by Penthouse West

The developer lists more than 20,000 square feet of private amenities:

• Almost 200 feet of beachfront with a private beach club and pool and beach attendants
• 25-meter beachfront lap pool
• Spa and wellness facilities and a fitness center
• Nota, an oceanfront restaurant, and FiftyThree, a residents-only speakeasy, both led by Michelin-starred chef Shaun Hergatt
• Screening room and double-height lobby lounge
• Lifestyle concierge, residential butler, 24-hour security, valet, house car and in-residence dining

Buyer Fit

The Perigon is a fit for:

• Trophy buyers who specifically value architectural pedigree. OMA carries weight with the same buyers who follow Robert A.M. Stern (Shore Club) or Foster + Partners (Faena House)
• Owners cross-shopping against Faena House, Edition Residences, Eighty Seven Park and Casa Cipriani
• Buyers who want a Mid-Beach beachfront residence without joining a private members' club
• Multi-home owners who want views of both the ocean and the bay from one residence

It's probably not the right fit for:

• Buyers who want a pure glass-tower look. OMA's design is intentionally sculptural, not minimalist
• Anyone who needs to move in before summer 2027
• Buyers in the Brickell / Downtown supertall conversation, which is a different product class

How It Compares to Other Trophy Projects

The closest completed comp is Eighty Seven Park, Renzo Piano's first U.S. residential building, farther up Collins Avenue in North Beach. Both are architect-led, low-density oceanfront buildings. The Perigon's edge is its ocean-and-bay views, its wide beachfront site and OMA's design. Eighty Seven Park's edge is that it is finished, with a resale record you can study today.

The Risk Side

The Perigon's risk profile is more favorable than most pre-construction in this series because the structure has topped out, but real questions remain:

• Final delivery timing. Summer 2027 is the developer's listed occupancy. Launch materials in 2022 targeted 2025, so the schedule has already moved once, and finishing work and the certificate of occupancy can still add time
• Limited inventory. With the building reported as approaching sellout, the residence you want may only be available as an assignment or, after delivery, a resale
• Unit count. The developer has cited both 72 and 73 residences. Confirm the final count in the condominium documents
• Association costs. No association budget has been published. Beach club service, resident dining and full-service staffing are expensive to run, so get the budget before signing
• Resale liquidity at the very top. Penthouse-tier product trades thinly
• Insurance. Oceanfront insurance premiums are significant, so factor them into carrying costs

Bottom Line

The Perigon is OMA's first residential project in Miami Beach, and the development team says it was the first new oceanfront residential tower of the current Miami Beach cycle to top out. With remaining residences priced from $12.55M as of March 2026, views of both the ocean and the bay, and almost 200 feet of beachfront, it sits alongside Mid-Beach's established trophy buildings.

For architecture-led buyers who care more about who designed the building than which brand runs it, it belongs on the short list. For everyone else, it is a useful reference point for architect-led oceanfront pre-construction in Mid-Beach that is close to delivery.

More From the Highest-Priced Pre-Construction Series

• Six Fisher Island: $15M+ private-island residences
• Ritz-Carlton Residences South Beach
• Shore Club Private Collection: Auberge + Robert A.M. Stern
• Casa Cipriani Mid-Beach: members'-club residences
• Rivage Bal Harbour: SOM-designed oceanfront condos
• Waldorf Astoria Residences Miami: 100-story supertall
• 888 Brickell by Dolce & Gabbana: fashion-branded supertall
• Baccarat Residences Brickell: 75-story riverfront
• Mandarin Oriental Residences Miami: KPF-designed Brickell Key