Fully furnished North Beach condominiums with no minimum rental restrictions, steps from the Atlantic
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.
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.
It is a building designed to be lived in lightly - and, when the owner is away, to keep earning.
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.
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.
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.
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.
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.
North Beach is the quieter, more residential northern end of Miami Beach - a low-rise, walkable neighbourhood with a Mediterranean street character, direct beach access, and a public realm the City of Miami Beach is actively reinvesting in. It draws owners who want the coast and the city without the density of South Beach, and it is increasingly defined by committed public projects rather than speculation.
What distinguishes the area is balance: the beach and the Boardwalk on one side, Biscayne Bay and the intracoastal on the other, and a ground-level fabric of small streets, cafes, and retail rather than high-rise corridors. The nearby 72nd Street Community Complex and the upgraded Oceanside Park anchor a long-term plan that makes North Beach one of the more durable lifestyle bets on the island.
PALMA combines four things that rarely appear together in new Miami Beach product: new construction, full furnishing by Studio Ramirez, fee-simple ownership, and no minimum rental restrictions. Residences are turnkey on delivery, so there is no gap between closing and first occupancy or first rental. The result is an asset that is as easy to use as it is to let.
Yes. PALMA is offered with no minimum rental restrictions, and short-term rental is permitted under current City of Miami Beach rules. Each owner must obtain a certificate of use from the applicable agency, and the city retains discretion over future regulation, but the building is designed and positioned for flexible rental use rather than annual-lease-only ownership.
PALMA is at 600 71st Street in North Beach, the quieter northern end of Miami Beach. It is within walking distance of North Beach Oceanside Park, the Atlantic, and the Miami Beach Boardwalk, with Biscayne Bay and the intracoastal immediately to the west. Bal Harbour Shops is about 10 minutes away and Miami International Airport about 25 minutes by car.
PALMA is developed by Lefferts, a New York-based developer focused on North Beach, where it is also delivering the nearby 72 Park. The design team is fully integrated: Built Form on architecture, Studio Ramirez on interiors and furnishings, and Keith on landscape. The furnished, turnkey product is the output of a coordinated design programme rather than a branding arrangement.
Pricing starts in the $650,000s for one- and two-bedroom residences and seven penthouses ranging from 405 to 1,342 square feet. The deposit schedule is graduated and tied to construction milestones: 10% at reservation, 10% at contract, 10% at groundbreaking, 10% at pool deck pour, 10% at top-off, and the 50% balance at closing.
Construction began with a groundbreaking in December 2025, and completion is anticipated in late 2027. Approximately half of the residences were reported sold ahead of completion, which establishes an early-cycle ownership position rather than a speculative one.
PALMA dedicates more than 10,000 square feet to indoor and outdoor amenities, anchored by a resort-style pool deck with private daybeds and cabanas, an outdoor summer kitchen and event area, a wellness hot tub with an arctic cold-plunge, and a Technogym-equipped fitness center overlooking the pool. Residents arrive through a double-height lobby with a 24-hour attended reception and a pool-level lounge for private gatherings. Each fully furnished residence is delivered with 9- to 10-foot ceilings, floor-to-ceiling impact glass, private balconies, European cabinetry, a Bosch appliance package, stone countertops, and a stacked washer and dryer, within a LEED Gold-targeted SMART building wired for high-speed internet throughout.
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