First Condo Ever Listed in the Miami Design District Asks $9.985 Million

The Miami Design District has never had a home for sale. That changed on July 22, 2026, when PROFILEmiami reported the first condominium listing in the neighborhood. Per PROFILEmiami, “Priced at $9.985 million, the listing offers buyers the first opportunity to purchase within what will become the first-ever residential development in the Miami Design District.” The unit is Residence 2101 at Fouquet's Hotel and Residences, Miami Design District.

What is in the unit

• Four bedrooms, four and a half baths. PROFILEmiami describes a residence spanning nearly 3,000 square feet with an additional den.
• Indoor and outdoor living. The listing includes expansive indoor-outdoor living areas, floor-to-ceiling glass and a large private terrace.
• About 40,000 square feet of amenities. Rooftop swimming pool, fitness center, golf simulator, spa, juice bar and salon, per PROFILEmiami.
• Roughly $3,330 per square foot. That is my arithmetic on the reported price and the reported size. No per-foot figure was printed in the article.

The building behind the listing

PROFILEmiami reports the development will feature 143 private condominium residences within a 25-story residential tower, connected to an adjacent 12-story hotel containing 85 guest rooms. The site is 39 NE 39th Street, a nearly two-acre property. The developer group is Miami Design District Associates, Raycliff Capital, Fort Partners and Constellation Hotels Holding Ltd. David Chipperfield Architects is the architect, Paris-based RDAI handled interiors, and Corcoran Sunshine Marketing Group runs sales. Fouquet's was founded in 1899 on Paris's Champs-Élysées.

My read

This listing matters more as a benchmark than as a transaction. Until now, if you owned or wanted to own near NE 39th Street, there was no residential comp in the Design District at all. Now there is one, and it sits around $3,330 a foot on my math. I would not treat that as a market price yet. It is one unit, in a building that is not finished, in a neighborhood with no resale history whatsoever. The article does not say whether this is a developer release or a contract holder reselling, and it gives no completion date and no sellout target. If you are seriously considering it, price the risk of a long delivery window, and compare it against Brickell and Edgewater waterfront product at similar per-foot numbers where you can actually see closed sales.