Ownership
What it costs, what it rents for, when to sell.
Plan to hold. In our view, the strongest time to sell is one to two years after the building is finished: until the developer has sold its last homes, a resale competes with new inventory the developer prices and markets. Rentals here have a 12-month minimum.
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The case for Faena
Four reasons we believe this one holds its value.
A brand with a track record
Faena turned a quiet stretch of Mid-Beach into one of Miami's most sought-after addresses. This is its first stand-alone residential project.
Waterfront you can't add more of
327 feet on the Miami River, with its own yacht dock, in a city where new waterfront land is close to gone.
The center of the growth
Between Brickell and downtown, where Miami's offices, restaurants and new residents keep arriving.
Something no neighbor has
A 45,000-square-foot private club 700 feet up, with Faena Rose membership for every owner.
Six-part underwriting framework
The numbers we run with you.
The full price
The home, closing costs, furniture, window treatments and anything you will add before you move in.
The deposits
Half is paid before closing on a set schedule. We map each payment to where the money comes from.
The monthly cost
Building fees, property taxes, insurance and utilities, from the current developer budget.
Renting it out
Rentals have a 12-month minimum. We estimate realistic rent and what management costs.
Selling it later
Who your future buyer is, what competes with your home, and what a sale costs.
If things move slower
What happens if completion is late, rents are softer, or you hold longer than planned.
Your team
We bring in the right people.
We are your real estate advisors. For the rest, we connect you with:
Condominium attorney
Reads the contract and condo documents with you.
Tax adviser
How to own it and what you will owe, here and at home.
Lender
Whether you qualify, at what terms, and when the loan closes.
Insurance adviser
What the building covers and what you need to cover.
Property manager
If you rent: tenants, upkeep and realistic income.