Faena Residences Miami: Ultimate Guide for Luxury Buyers & Investors

Executive Summary

Faena Residences Miami represents a transformative opportunity in Miami's luxury real estate landscape, combining world-class design with strong investment potential in the city's emerging Faena District. This twin-tower development along the Miami River offers breathtaking waterfront residences priced from $1.3 million to over $6.8 million, with completion expected in 2029. Developed through a landmark collaboration between Fortune International Group, KAR Properties, and visionary Alan Faena, the project brings Faena's signature blend of culture, creativity, and wellness to downtown Miami. With Miami Beach's housing market showing a 9.2% year-over-year price increase and continued migration from high-tax states, Faena Residences presents a compelling opportunity for both luxury living and investment appreciation.

1 Development Overview

Faena Residences Miami is not merely a residential building but an ambitious urban transformation project set to redefine luxury living in downtown Miami. Located at 24 SW 4th Street along the scenic Miami River, this development marks Faena's first standalone residential project on Miami's riverfront, creating a vertical oasis in the heart of the city 1. The project is situated within an expansive 14-acre district that represents the next evolution of Alan Faena's vision after his successful transformation of Miami Beach's Faena District between 32nd and 36th streets.

1.1 Architectural Significance

• Design Vision: The late architect Rafael Viñoly, known for iconic structures like the Tokyo International Forum and 432 Park Avenue in New York, designed Faena Residences Miami as one of his final masterpieces. His design philosophy blends elegance with functionality, creating structures that transform urban environments.

• Structural Innovation: The development features two striking 68-story towers connected by a 45,000-square-foot Sky Bridge that rises 700 feet above the river. This architectural marvel houses the Faena Club—a cultural and wellness sanctuary with unprecedented amenities.

• Aesthetic Elements: The towers are positioned in an L-shape from the water's edge, preserving the existing Miami River Walk while incorporating lush gardens, reflecting pools, and an 85-foot-high cascading waterfall that creates a serene environment amidst the urban setting.

1.2 Development Team

• Visionary Leadership: Alan Faena, the creative force behind the Faena brand, is known for creating integrated environments that combine residences, hotels, art, and cultural experiences with a focus on social responsibility.

• Development Consortium: The project is co-developed by Fortune International Group (with over four decades of South Florida real estate experience) and KAR Properties (a New York-based firm with 35 years of international real estate expertise) .

• Design Collaborators: Bryan O'Sullivan Studio (luxury interiors), Sasaki Studio (landscape architecture), and Rafael Viñoly Architects (master planning) form an all-star team creating a comprehensive luxury experience.

Table: Faena Residences Miami Development Overview

2 Pricing and Floor Plans

Faena Residences Miami offers a diverse collection of luxury residences ranging from one to four bedrooms, with thoughtfully crafted floor plans that include River Loft, Sky Loft, and exclusive penthouse residences 1. The development's pricing structure positions it as a competitive luxury option in the Miami market, with entry points significantly below comparable ultra-luxury properties in established areas like Miami Beach.

2.1 Current Pricing Structure

Based on recent listings, the price points for Faena Residences Miami reflect its premium positioning in the market:

• 1-Bedroom Units: Start at approximately $1.4 million, with prices ranging up to $2+ million for premium layouts and higher floors

• 2-Bedroom Units: Range from approximately $2.27 million to $3.2+ million

• 4-Bedroom Units: Premium offerings priced between $6 million to $8.25 million

The price per square foot averages approximately $1,800, though this varies based on floor level, view orientation, and specific unit features 7. Compared to Faena House Miami Beach, where a penthouse sold for $60 million 3, Faena Residences Miami offers relatively accessible entry points into the Faena lifestyle while maintaining strong potential for appreciation.

2.2 Residence Features and Finishes

Every residence at Faena Residences Miami showcases meticulous attention to detail and high-end finishes that exemplify the Faena standard of luxury:

• Interior Elements: Features include private and semi-private elevator vestibules, expansive 10-foot-deep terraces, floor-to-ceiling impact-resistant sliding glass doors, and 10-12 foot ceilings that create a sense of spaciousness

• Gourmet Kitchens: Custom Italian cabinetry with multiple finish options, natural stone countertops and backsplashes, and state-of-the-art Gaggenau appliances including paneled refrigerators, wall ovens, cooktops, and dishwashers

• Luxurious Bathrooms: Spa-inspired spaces with handcrafted stone vanities, custom-designed hardware, integrated mirrored medicine cabinets, natural stone flooring, and floor-to-ceiling natural stone walls. Select residences include deep soaking tubs

• Smart Home Technology: Each residence is pre-wired for advanced smart-home systems and designer illumination and A/V systems

2.3 Floor Plan Options

The development offers a diverse range of floor plans designed to accommodate different lifestyles and preferences:

• River Lofts: Lower-level residences with prime Miami River views and direct access to waterfront amenities

• Sky Lofts: Higher-floor residences featuring panoramic views of Biscayne Bay, the Miami River, and the city skyline

• Penthouse Residences: The most exclusive offerings with private terraces, custom layouts, and premium finishes

Table: Sample Listings at Faena Residences Miami (August 2025)

3 Investment Analysis

Faena Residences Miami presents a compelling investment opportunity in Miami's luxury real estate market, combining the prestige of the Faena brand with favorable market conditions and demographic trends that support long-term appreciation.

3.1 Market Performance and Trends

The Miami Beach housing market has demonstrated remarkable resilience and growth, with properties in the Faena District commanding premium values:

• Price Appreciation: Miami Beach home prices were up 9.2% year-over-year as of July 2025, selling for a median price of $578,000 

• Luxury Market Performance: Ultra-luxury properties like Faena House Miami Beach have achieved record-breaking sales, including a penthouse that sold for $60 million—the highest price ever for a single-family home in Miami-Dade County at the time 

• Market Stability: Luxury waterfront properties in Miami have shown resilience during economic fluctuations, maintaining their value due to prime locations, architectural excellence, and exclusive amenities 

3.2 Comparative Market Analysis

When compared to other luxury properties in the Miami area, Faena Residences Miami offers distinct advantages for investors:

• Price Point Entry: With starting prices around $1.3 million, Faena Residences Miami provides access to the Faena lifestyle at a significantly lower entry point than Faena House Miami Beach, where units command substantial premiums

• Development Stage: As a pre-construction development, early purchasers have the opportunity to benefit from appreciation during construction, similar to patterns observed with other luxury Miami developments 

• Rental Potential: The Faena brand's association with luxury hospitality (Faena Hotel Miami Beach was voted the number one hotel in Miami by Condé Nast Traveler readers) suggests strong rental demand for residences within the Faena ecosystem 

3.3 Demographic and Migration Trends

Migration patterns continue to favor Miami real estate investments, particularly in the luxury segment:

• Inbound Migration: Between May-July 2025, 31% of Miami Beach homebuyers searched to move out of Miami Beach, while 69% looked to stay within the metropolitan area

• National Interest: Across the nation, 2% of homebuyers searched to move into Miami Beach from outside metros, with New York, Washington, and San Francisco homebuyers showing the strongest interest

• Tax Advantages: Florida's lack of state income tax continues to attract high-net-worth individuals from high-tax states, supporting demand for luxury properties 

3.4 Value Appreciation Factors

Several unique characteristics of Faena Residences Miami support its long-term appreciation potential:

• Cultural Infrastructure: The integration within the Faena District, with its commitment to artistic excellence and cultural programming, creates a destination environment that sustains property values 

• Architectural Significance: As one of Rafael Viñoly's final projects, the development has inherent architectural value that distinguishes it from other luxury properties 

• Limited Inventory: The constrained supply of ultra-luxury riverfront properties in downtown Miami creates natural scarcity that supports value retention and appreciation

• Brand Prestige: The Faena brand has established itself as a symbol of luxury and cultural sophistication, with a proven track record in Miami Beach of creating highly desirable environments 

4 Cryptocurrency Payment Options

Faena Residences Miami embraces modern financial innovation by offering cryptocurrency payment options for qualified buyers. This forward-thinking approach aligns with Miami's position as an emerging crypto hub and provides flexibility for international and tech-savvy investors.

4.1 Crypto Transaction Process

For qualified buyers interested in utilizing digital assets, the purchasing process for Faena Residences Miami can be facilitated through specialized Title Companies in Miami that are experts in cryptocurrency real estate transactions. These licensed intermediaries ensure a secure, compliant, and seamless process .

This is typically handled through two primary methods:

• Direct Crypto-to-Crypto Transactions: For buyers who prefer to complete the entire transaction in cryptocurrency, the appointed Title Company can accept major cryptocurrencies including Bitcoin, Ethereum, and other established digital assets. These transactions are managed through secure, auditable wallet-to-wallet transfers, providing a transparent record on the blockchain .

• Crypto-to-Fiat Conversion: For buyers who prefer to use cryptocurrency but want price stability, the Title Company works with certified exchange partners to instantly convert digital assets to US dollars at the time of transaction. This process protects both parties from market volatility by locking in the sale price in U.S. dollars upon contract execution .

For detailed information about cryptocurrency payment options and to discuss your specific transaction needs, please contact us via WhatsApp or Telegram at +1 305 201 0007. Our team can connect you with our trusted partners who specialize in crypto real estate closings.

4.2 Benefits of Crypto Transactions

• International Accessibility: Cryptocurrency payments facilitate cross-border transactions without traditional banking limitations, making it easier for international buyers to invest in Miami real estate 

• Transaction Speed: Crypto transactions can significantly reduce closing times, with some deals completing in as little as 10 days compared to traditional 30-45 day closing periods

• Privacy and Security: Blockchain technology provides enhanced security and transparency for real estate transactions, reducing fraud risk and increasing transaction integrity 

• Portfolio Diversification: Crypto holders can diversify their investments by converting digital assets into tangible real estate holdings, potentially reducing overall portfolio risk 

4.3 Successful Crypto Transactions in Miami

Miami has emerged as a leader in crypto-real estate transactions, with several notable deals demonstrating the viability of this payment method:

• Arte Residences Surfside: A 9th-floor penthouse closed for $22.5 million using cryptocurrency, setting the record for the most expensive residential crypto deal in the U.S. at the time 

• One Thousand Museum: A four-bedroom unit sold for $7.2 million worth of Ethereum, demonstrating the acceptance of cryptocurrency in ultra-luxury developments 

• Setai South Beach: DJ David Guetta's 3-bedroom condo was listed for $14 million accepting both Bitcoin and Ethereum, highlighting the trend among luxury properties 

For detailed information about cryptocurrency payment options and to discuss your specific transaction needs, please contact us via WhatsApp or Telegram at +1 305 201 0007.

5 The Faena District & Lifestyle

The Faena District Miami represents a revolutionary approach to urban development, combining luxury residences, hotels, art, and cultural spaces into a cohesive environment that transcends traditional real estate offerings. While the original Faena District in Miami Beach established the concept between 32nd and 36th streets, the new Faena District Miami River expands this vision to downtown Miami.

5.1 Cultural Programming and Amenities

Faena Residences Miami will benefit from extensive cultural programming and amenities that create a vibrant community experience:

• Faena Club: Housed within the dramatic sky bridge connecting the two towers, this 45,000-square-foot amenity space includes a theater, spa, infinity pool, fitness center, private dining venues, and content creation studios

• Wellness Facilities: The development will feature the Tierra Santa Healing House, a South American-inspired spa concept that has proven highly successful at Faena Miami Beach. Facilities will include a variety of heat and steam experiences, a longevity clinic, red light IR therapy, cold plunge pools, and traditional treatment rooms

• Artistic Integration: Following the Faena tradition, the development will incorporate site-specific artworks throughout the project, ensuring that beauty and creativity are ever-present in the environment 4

5.2 Dining and Entertainment

Residents will have access to world-class dining and entertainment options within the Faena District:

• Signature Restaurants: While specific culinary concepts have not been announced for the Miami River development, the Faena brand is known for partnering with celebrated chefs like Francis Mallmann (Los Fuegos) and Paul Qui (Pao) at its Miami Beach properties 

• Social Venues: The development will include multiple gathering spaces, including the Pistil (a dynamic cultural forum with bar and dining terrace), Bloom Bar (with exclusive outdoor lounge area), and private dining rooms for sophisticated entertainment 

• Cultural Events: Faena is known for curating an exceptional calendar of cultural events, including live music performances, art installations, theater productions, and wellness activities 

5.3 Service and Hospitality

A defining characteristic of the Faena experience is its emphasis on service and hospitality:

• Dedicated Staff: Residents will benefit from five-star Faena service, including dedicated butlers, experience managers, and a marine concierge to assist with yacht arrivals and departures

• Comprehensive Services: The development will offer valet services, 24-hour concierge, housekeeping, and personalized assistance for arranging travel, entertainment, and daily needs

• Wellness Programming: Curated programs will include daily yoga and meditation, fitness classes, wellness treatments, and longevity services designed to enhance residents' quality of life

6 Miami Beach Market Context

Understanding the broader Miami Beach real estate market provides essential context for evaluating Faena Residences Miami's investment potential.

6.1 Current Market Statistics

The Miami Beach housing market demonstrates strong fundamentals that support luxury investments:

• Median Sale Price: $577,500 as of July 2025, representing a 9.2% year-over-year increase

• Price per Square Foot: $547, down 5.1% since last year, suggesting value opportunities in the current market

• Market Pace: Homes in Miami Beach receive 2 offers on average and sell in approximately 126 days, indicating a balanced market rather than a highly competitive one

• Sale-to-List Price Ratio: 93.2%, reflecting slight negotiation flexibility despite the strong market

6.2 Comparative Property Analysis

Faena House Miami Beach, the first Faena residential development, provides a compelling benchmark for the new Faena Residences Miami:

• Unit Count: Faena House contains only 47 ultra-luxury units in an 18-story building, creating extreme exclusivity

• Pricing Performance: The development has achieved record-breaking sales, including a $60 million penthouse transaction, demonstrating the strong appreciation potential of Faena-branded properties 

• Architectural Distinction: Designed by Foster + Partners, Faena House features breakthrough architectural advances that allow for panoramic views from ocean to bay, establishing a precedent for architectural excellence that continues with Faena Residences Miami 

6.3 Developer Track Record

The development consortium behind Faena Residences Miami has a proven track record of successful luxury projects:

• Fortune International Group: As the only privately-owned real estate brand that combines development, sales, marketing, and brokerage services in South Florida, Fortune has shaped the luxury real estate landscape for over four decades

• KAR Properties: With more than 35 years of international real estate experience spanning the U.S., Southeast Asia, and Europe, KAR has successfully acquired, repositioned, and monetized over 3 million square feet of luxury mixed-use space

• Faena Group: Alan Faena's innovative approach to creating integrated environments has proven successful in both Buenos Aires (where Faena Hotel Buenos Aires was voted best hotel in South America) and Miami Beach (where Faena Hotel Miami Beach was voted number one hotel in Miami) 

7 Buying Guide and Next Steps

For potential buyers interested in Faena Residences Miami, understanding the purchasing process and long-term ownership experience is essential for making an informed decision.

7.1 Purchasing Process

• Pre-Construction Advantages: Purchasing during the pre-construction phase typically offers the best pricing options and maximum potential for appreciation during the construction period 

• Payment Structure: Developers typically require an initial deposit (often 5-10% at time of reservation), with subsequent payments tied to construction milestones rather than a traditional mortgage structure 

• Documentation: Purchasers should carefully review the offering documents, including the condominium declaration, rules and regulations, and financial projections for the homeowners' association

7.2 Ownership Costs and Considerations

• Maintenance Fees: While specific fees for Faena Residences Miami have not been published, luxury buildings typically charge $1.00-$1.50 per square foot monthly for maintenance, which covers common area upkeep, staffing, and insurance 

• Property Taxes: Florida's property tax system includes Homestead Exemption benefits for primary residents, which can significantly reduce tax liability for eligible owners 

• Rental Regulations: The condominium association may establish rental restrictions, including minimum lease terms and limitations on rental frequency, which investors should carefully consider

7.3 Timeline and Completion

• Construction Schedule: Faena Residences Miami is estimated for completion in 2028-2029, though construction timelines for complex projects are subject to change based on various factors 

• Phased Occupancy: Large developments often receive certificates of occupancy in phases, with lower floors typically becoming available before upper floors and amenity spaces

• Design Customization: Pre-construction purchases may offer opportunities for customization and upgrades, though these typically must be specified during early construction phases

8 Conclusion: A Compelling Investment Opportunity

Faena Residences Miami represents a unique convergence of luxury living, cultural enrichment, and investment potential in one of Miami's most strategic locations. The development brings the proven Faena formula—successfully implemented in both Buenos Aires and Miami Beach—to the burgeoning Miami River area, creating a compelling opportunity for discerning buyers and investors.

The project's strong development team, world-class design, and comprehensive amenities position it for long-term success and appreciation. With Miami's continued appeal to domestic and international buyers, coupled with the Faena brand's reputation for excellence, Faena Residences Miami offers both an exceptional lifestyle opportunity and a promising investment vehicle.

Prospective buyers should consider acting during pre-construction to secure optimal pricing and unit selection, as the Faena track record suggests strong demand and potential appreciation as the development progresses toward completion. With current market conditions showing steady price growth in Miami Beach and continued migration to Florida, Faena Residences Miami represents a sophisticated addition to any luxury real estate portfolio.

Table: Investment Considerations for Faena Residences Miami

For more information about Faena Residences Miami, cryptocurrency payment options, or to schedule a personalized consultation, contact the sales gallery at 305.424.2055 or message us via WhatsApp or Telegram at +1 305 201 0007.

• Two 68-story riverfront towers connected by a Sky Bridge
• 20 River Loft residences ranging from 1,315 sq. ft. to 1,384 sq. ft.
• Penthouse residences available upon request
• Private access to Riverfront Park and waterfront promenade
• 406 one-to-four-bedroom residences ranging from 716 sq. ft. to 3,149 sq. ft
• 4 Sky Loft residences ranging from 2,288 to 6,301 sq. ft.
• Expansive Miami River, skyline, and Biscayne Bay views