Perigon Miami Beach: Residences, Prices, and What to Know Before You Buy

Perigon Miami Beach is the most anticipated ultra-luxury residential tower to arrive on Collins Avenue in years. Located at 5333 Collins Avenue in the Mid-Beach district, Perigon is being developed by Mast Capital and Starwood Capital Group. With only 73 residences in a 57-story tower, it is intentionally one of the least dense luxury buildings ever built in Miami Beach. This guide covers everything buyers need to know: price ranges, floor plans, amenities, the team behind the project, and how it compares to other Collins Avenue towers.

Location: Mid-Beach on Collins Avenue

Collins Avenue runs the length of Miami Beach from South Beach to Bal Harbour. Perigon sits in the Mid-Beach section, at 5333 Collins Avenue between 53rd and 54th Streets. This location is deliberate. Mid-Beach avoids the nightlife density of South Beach and the commercial intensity of North Beach, while still being a short drive from both.

To the south, the Faena District at around 32nd Street is known for its curated arts and hospitality scene. To the north, Surfside begins around 87th Street and transitions into Bal Harbour. Perigon's address puts it in the quieter stretch of Collins Avenue — directly on the Atlantic Ocean, with no road between the tower and the beach.

Also nearby: the Bass Museum of Art, the New World Symphony, and the Miami Beach Convention Center are all within a few minutes. The Bal Harbour Shops, widely regarded as one of the highest-grossing retail centers per square foot in the world, is about 10 minutes north.

The Developer: Mast Capital and Starwood Capital Group

Mast Capital is a Miami-based real estate development firm with a strong track record in South Florida luxury residential. Their portfolio includes high-profile condo developments across Miami-Dade and Broward counties. Partnering with Starwood Capital Group, a global private investment firm managing over $115 billion in assets, adds significant financial backing and credibility to the project.

Starwood's involvement matters for buyers evaluating pre-construction risk. The firm has extensive experience in hospitality and residential real estate globally. A project of this scale at this price point with Starwood Capital behind it carries lower completion risk than a smaller or less-capitalized developer.

The Architect: Arquitectonica

Arquitectonica is one of the most recognized architecture firms in the world and is headquartered in Miami. The firm designed the Atlantis condominium in Brickell — the building featured in the opening credits of Miami Vice — along with major projects in New York, Paris, and Shanghai. For Perigon, Arquitectonica created a curved tower profile that responds to the ocean orientation. The façade curves gently toward the water, maximizing ocean views from each residence while creating a distinctive silhouette on the Collins Avenue skyline.

Interior design is handled by Tara Bernerd and Partners, a London-based luxury design studio. Bernerd's firm has completed interiors for Rosewood Hotels, Park Hyatt properties, and private residences across Europe, Asia, and the Americas. The combination of Arquitectonica's architecture and Bernerd's interiors positions Perigon at the same aesthetic level as the best European ultra-luxury residential projects.

Scale and Residence Types

Perigon has approximately 73 residences across 57 stories. This is an exceptionally low ratio. By comparison, many luxury towers on Collins Avenue have 300-to-500 units. The low unit count means fewer neighbors, less elevator traffic, and more of a private building feel.

Residences range from approximately 2,000 square feet for smaller units to over 5,000 square feet for half-floor and full-floor plans. Some residences include private plunge pools on the terrace. Every unit faces the ocean or Biscayne Bay. Floor-to-ceiling glass and private terraces are standard across all floor plans.

Penthouse residences occupy the upper floors and offer the largest terrace areas. Pricing for penthouses ranges from $20 million to over $40 million depending on the specific floor plan and orientation.

Price Ranges

Standard residences at Perigon are priced from $3 million to approximately $30 million. Entry-level units at the $3 million price point are smaller by Perigon standards — roughly 2,000 square feet — but they still include ocean or bay views, full luxury finishes, and access to all building amenities. Mid-range floor plans in the $8-to-$18 million range cover the half-floor configurations with larger terrace areas.

Full-floor residences and penthouse units carry pricing above $20 million and can reach $40 million or more. These units are the most limited in supply and are the most likely to appreciate in a market that rewards scarcity.

For context, the per-square-foot pricing at Perigon places it among the most expensive new construction in Miami Beach history, in line with Faena House and Arte by Norman Foster but slightly below the record-setting transactions at the Apogee South Beach or very top of the Faena market.

Amenities

Perigon's amenity program is calibrated to a full-service luxury lifestyle. The oceanfront pool deck is the centerpiece — a zero-edge pool directly above the beach, with cabanas and ocean views. A private beach club gives residents dedicated beach service: chairs, umbrellas, towel service, and food and beverage delivery to the sand.

The fitness center and spa are full-scale amenities rather than the basic gym found in most condos. A private dining room with catering capability allows residents to host events within the building. Concierge and security are 24/7. The building's security protocols are designed to support high-profile residents who require discretion.

In addition, beach service means staff at the water's edge during daylight hours. For buyers who spend significant time at the property, this level of service eliminates the friction of resort-style amenities scattered across a multi-block hotel property. Everything is in one building.

Why Perigon Stands Apart from Competitors

The Miami Beach luxury condo market has many buildings competing for the same ultra-high-net-worth buyer. Perigon differentiates itself on four factors.

First, the unit count. At 73 residences, Perigon is one of the smallest towers by unit count on Collins Avenue. Buildings with 400-to-500 units feel like full-service hotels with residential floors. Perigon is the opposite — a private building where you know your neighbors.

Second, the capital backing. Starwood Capital Group's involvement signals to buyers that the project will be completed on time and on spec. Pre-construction risk is real in Miami. Buildings with undercapitalized developers or complicated financing structures have delayed or stalled in the past.

Third, the Mid-Beach address. South Beach has energy and nightlife but also crowds, noise, and traffic. Bal Harbour has an older demographic and very limited supply. Mid-Beach offers the quieter residential feel of the northern section with the cultural and dining access of the south.

Fourth, the design team. Arquitectonica and Tara Bernerd and Partners working together is not a common pairing. Arquitectonica's coastal modernism and Bernerd's warm, tactile interior palette create a combination that neither purely American nor purely European design could achieve alone.

Who Is Buying at Perigon

The buyer profile at Perigon skews toward ultra-high-net-worth individuals from several categories. Latin American buyers — particularly from Brazil, Argentina, Mexico, and Colombia — have been active in this building since pre-construction sales launched. European buyers from the UK, France, and Italy are also represented.

US buyers include finance and technology executives who use Miami Beach as a primary or secondary residence. The no-state-income-tax advantage makes Florida an obvious relocation target for high earners from New York, California, and Illinois. Also, pied-à-terre buyers who travel frequently to Miami for business or leisure represent a portion of the buyer pool.

HOA Fees and Monthly Costs

Estimated HOA fees at Perigon range from $3,000 to $8,000 or more per month, depending on unit size. Full-service luxury buildings cost more to operate than standard condo towers. The fee covers building insurance on the structure, full concierge and security staffing, beach club operations, pool and amenity maintenance, and common area operating costs.

Buyers should also budget for property taxes. Miami Beach property taxes on a $5 million residence typically run $60,000 to $80,000 annually before any exemptions. Florida's homestead exemption applies only to primary residences — foreign buyers and investors who do not establish Florida domicile will pay full non-homestead rates.

Delivery Timeline

Pre-construction sales at Perigon launched in 2022. Estimated delivery is 2027. Pre-construction buyers pay a deposit schedule over the construction period, with the remainder due at closing. For buyers who cannot carry the full purchase price across the construction timeline, financing must be arranged in advance. Construction loans and pre-construction financing products exist but are less common at the ultra-luxury price point, where most buyers pay cash at or before closing.

Buy at Perigon with Pure Equity Realty

Pure Equity Realty represents buyers for new construction and resale throughout Miami Beach and Miami-Dade County. Our buyer representation is paid by the developer or seller — there is no cost to you. We can register you as our client directly with the Perigon sales team and represent your interests throughout the contract and closing process.

We also cover Palm Beach, Broward, St. Lucie, and Highlands counties. Browse available Florida properties at our Florida homes directory or call us at (561) 835-5400. For official building and sales information, visit theperigon.com.

Perigon is one of the most limited-supply luxury offerings in Miami Beach history. At 73 units, a significant number of residences have already been reserved. If you are considering a purchase, earlier action gives you a better selection of floors and orientation.

For personalized guidance on buying or selling in South Florida, contact the team at Pure Equity Realty. We serve Palm Beach, Broward, Miami-Dade, St. Lucie, and Highlands counties with expert representation and a 1% listing fee.