PALMA Miami Beach Residences

Executive Overview

PALMA Miami Beach Residences is a 14-story, 126-unit condominium at 600 71st Street, developed by New York-based Lefferts with architecture by Built Form and interiors by Studio Ramirez. It is a fully furnished, beach-luxe residence in North Beach, delivered with no minimum rental restrictions - a fee-simple condominium designed for owners who intend to use it, rent it, or both, without the limitations that govern most new Miami Beach product.

The 127,600-square-foot building rises directly from a walkable North Beach block, with approximately 8,500 square feet of ground-floor retail at street level and more than 10,000 square feet of indoor and outdoor amenities. Residences range from 405 to 1,342 square feet across one- and two-bedroom layouts and seven penthouses, organised around 9- to 10-foot ceilings, floor-to-ceiling impact glass, and private balconies oriented toward the Atlantic and Biscayne Bay. Every home is finished and furnished by Studio Ramirez and turnkey on delivery.

The setting carries its own weight. PALMA sits within walking distance of North Beach Oceanside Park, the Miami Beach Bandshell, and the oceanfront Boardwalk, and within the catchment of the city's $53.8 million 72nd Street Community Complex now under development nearby. These are not marketing amenities - they are public investments already committed to the immediate area.

This is not simply a beachside condominium. It is a turnkey, rental-unrestricted asset positioned inside a neighbourhood the City of Miami Beach is actively rebuilding.

Key Property Highlights

Property

• Fee-simple condominium ownership - 126 residences across a 14-story building
• One- and two-bedroom layouts plus seven penthouses
• Residence sizes from 405 to 1,342 sq ft (38 - 125 sq m)
• Fully finished and fully furnished by Studio Ramirez; turnkey on delivery
• 9- to 10-foot ceilings, floor-to-ceiling impact-resistant sliding glass, private balconies
• No minimum rental restrictions - short-term rental permitted under current City of Miami Beach rules
• Under construction; groundbreaking December 2025, completion anticipated late 2027
• Deposit structure: 10% reservation, 10% contract, 10% groundbreaking, 10% pool deck pour, 10% top-off, 50% closing

Location

• North Beach Oceanside Park and the Atlantic - walking distance
• Miami Beach Boardwalk - walking distance
• Miami Beach Bandshell - approx. 5 minutes
• Biscayne Bay and the intracoastal - adjacent, west of the building
• Bal Harbour Shops - approx. 10 minutes by car
• Miami Design District and Wynwood - approx. 20 minutes by car
• Miami International Airport - approx. 25 minutes by car

Distinct Features

• Developer: Lefferts (New York), expanding its North Beach portfolio alongside the nearby 72 Park
• Architecture: Built Form
• Interior design: Studio Ramirez
• Landscape architecture: Keith
• LEED Gold-targeted green building with high-speed fiber and full SMART-building infrastructure
• Resort-style pool deck with cabanas, summer kitchen, wellness hot tub and arctic cold-plunge, Technogym fitness center, and resident lounge
• Scarcity metric: one of the few new-construction Miami Beach condominiums offered fully furnished with no minimum rental restrictions, inside a neighbourhood undergoing committed public revitalisation.

Living Experience

The experience at PALMA is light, low-key, and oriented outward - a coastal home that asks little of its owner. The architecture by Built Form pulls the water and sky inward through floor-to-ceiling glass and continuous balconies, so that the dominant material in each residence is daylight rather than ornament. Public space at the base is generous and unhurried: a double-height lobby, a reception lounge, and amenity floors that read as extensions of the home rather than hotel substitutes.

Studio Ramirez approached the interiors as restraint rather than statement. Pale wood floors, neutral stone, and a calm material palette let the residences function as a backdrop to the coast outside - and, because each home is delivered fully furnished, the design intent survives intact rather than being diluted by the owner's later choices. The result is a residence that is ready to occupy on day one and easy to operate as a rental without compromise.

• European cabinetry with premium fittings and Bosch appliance package
• Premium stone countertops and backsplashes; stainless under-mounted sink
• Master bathrooms with stone surfaces, porcelain floors and glass shower enclosures
• Energy-efficient central air, stacked washer and dryer, pre-wired high-speed internet and Wi-Fi
• Resort pool with private daybeds and cabanas; outdoor summer kitchen and pool-deck event area
• Wellness hot tub, arctic cold-plunge, and Technogym fitness center overlooking the pool

It is a building designed to be lived in lightly - and, when the owner is away, to keep earning.

Unique Value Proposition

PALMA occupies a positioning gap that is structurally difficult to reproduce in Miami Beach. The combination of new construction, full furnishing, fee-simple ownership, and the absence of minimum rental restrictions is rare in the city's current pipeline, and each element compounds the others.

First, the rental flexibility: short-term rental is permitted under current City of Miami Beach rules, which is uncommon for new oceanside condominiums and materially widens the owner's options. Second, the location: North Beach is supply-constrained by geography and zoning, and the public investment already committed nearby - the 72nd Street Community Complex, the upgraded Oceanside Park - is irreversible rather than speculative. Third, the delivery format: a fully furnished, turnkey residence removes the cost, time, and design risk that normally separate closing from first occupancy or first rental.

• New-construction, fully furnished, turnkey on delivery
• No minimum rental restrictions - short-term rental permitted under current rules
• Supply-constrained North Beach location with committed public investment nearby
• Fee-simple ownership with a graduated, construction-linked deposit schedule

This is not simply a place to live by the water. It is a flexible, income-capable asset in a neighbourhood the city is rebuilding around it.

Investment Perspective

The investment case rests on structural positioning rather than projected return. North Beach is one of the last sections of Miami Beach with meaningful room for renewal, and the constraints that limit new supply - a low-rise built fabric, protected districts, and tight zoning - are the same constraints that protect existing owners. PALMA enters this market as new, furnished product with rental flexibility most competing inventory cannot match.

On the demand side, Miami Beach continues to draw a deep pool of domestic and international buyers, and the permission for short-term rental broadens the addressable tenant base well beyond annual leases. On the supply side, the barrier to future competition is real: developable North Beach sites are scarce, and the public realm investment already underway raises the bar for what comes next. With roughly half of the residences reported sold ahead of a late-2027 completion, the early-cycle position is established rather than theoretical. No specific return projections are implied.

Developer Credibility

PALMA is developed by Lefferts, a New York-based developer that has concentrated its Miami Beach activity in North Beach, where it is also delivering the nearby 72 Park. That focus matters: rather than a single opportunistic entry, PALMA is part of a developer's sustained commitment to one neighbourhood's transformation, aligning the project's success with the area's long-term trajectory. The team is fully integrated - Built Form on architecture, Studio Ramirez on interiors and furnishings, and Keith on landscape - so the furnished, turnkey product is the result of a coordinated design programme rather than a licensing arrangement applied after the fact.

Private Access

Access to PALMA Miami Beach Residences is arranged privately through the listing representative. Detailed floor plans, current pricing and availability, the full deposit schedule, furnishing specifications, and rental documentation are available upon request.