Work Starts on Miami-Area Luxury Condos
One Sotheby’s International Realty is handling sales at the property.
LD&D, in partnership with ONE Capital, announced yesterday the start of construction on Surf Row Residences, a 24-unit condo development in Surfside, Fla. The property will offer one- to three-bedroom layouts ranging from 894 square feet to 2,195 square feet, with unit prices starting at $1.4 million. IGEQ is also a JV partner of LD&D in this development.
Surf Row Residences is expected to finish construction in 2027. The community will offer more than 6,400 square feet of amenities including a rooftop pool deck with panoramic ocean views. The development will also feature a Zen spa with a sauna and cold plunge, fitness studio, coworking spaces and beachside butler service.
Designed by Alfonso Jurado Architecture and Boris Pena Architects with the Rinaldi Group serving as general contractor, Surf Row Residences includes private terraces and skylit interiors, creating a connection between the units and the ocean air. Layered glass facades mirror the shoreline, with the design’s flowing curves meant to evoke aspects of the coastline.
Through a collaboration with upmarket furniture specialist RH, all of the property’s shared spaces will include the brand’s furnishings. Fully-furnished residences curated by RH are also available.
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One Sotheby’s International Realty President Daniel de la Vega, whose company is handling the sales effort for the development, said in a statement that demand has been “exceptionally strong” for the condos, though no sales figures have been released. Interested parties include both domestic and international buyers. De la Vega stressed the property’s walkability and its proximity to both the ocean and Bal Harbour Shops.
LD&D and IGEQ are active in the South Florida market. In July of this year, the JV landed $56 million in financing to recapitalize Wynwood Haus, a 224-unit community in the Miami neighborhood of Wynwood. LD&D has also partnered with Black Salmon to develop residential properties in the region.
Why international buyers still like South Florida
Buyers from outside the United States are still keen on South Florida residential properties, according to a new report by the Miami Association of Realtors. They increased their share of total purchases in the market—construction, pre-construction and condo conversion sales—in November 2025 to 52 percent, up from 49 percent in July.
Over the last 22 months, buyers of newly-constructed residential space in South Florida have come from 73 different countries, the report finds. Colombia tops the list, with nearly a quarter (23 percent) of buyers coming from there. Mexico was next, contributing one-fifth of the buyers; Argentina contributing 11 percent.
Other countries in the top 10 include Brazil, Turkey, Peru, Spain, Italy, Canada and Ecuador.
As for the 48 percent share of domestic buyers, the sizable numbers are from higher-cost states, such as California, New York and New Jersey. Miami-Dade out-of-state driver license exchanges are 22 percent above pre-pandemic, according to the report.
Miami ranked number four worldwide for highest number of ultra high net worth individuals (with assets of $30 million or more) who own either a primary residence or secondary one, according to data from Altrata. Ranked above the city are New York, Los Angeles and Hong Kong. Miami ranked number one globally for most popular second-home city among the ultra wealthy, just edging out New York.
