The Miami River's north bank in Brickell represents one of the most consequential riverfront development corridors in urban America — a stretch that has been, within the span of a single decade, transformed from industrial legacy uses to world-class residential. Two projects define the apex of this transformation: Baccarat Residences and Cipriani Residences Miami. At 98% absorbed, Cipriani is effectively concluded. At 49% absorbed, Baccarat represents the remaining opportunity in a product tier that will not be replicated on this riverfront.
Key market shifts
Baccarat Residences Miami at 99 SE 5th Street — 360 units, 75 stories, The Related Group and architecture by Arquitectonica — offers 1-to-4 bedroom residences from 1,540 to 3,654 square feet at $1,800/sqft average. Entry at $4.15M for a 2-bedroom and $4,150,000 starting, with 4-bedroom pricing reaching $5.525M and above. The Baccarat brand — the French crystal and luxury goods house with 260+ years of heritage — brings to its residential extension the same commitment to craft, material quality, and visual distinction that defines its core product. The building's 75-story height positions it as one of Miami's most visible skyline presences from every approach to the city.
Rental policy: 30-day minimum, 3 times per year — more permissive than most ultra luxury product in the same submarket, less permissive than investment-grade short-term rental vehicles. This rental profile positions Baccarat for buyers who want occasional income flexibility without the operational demands of frequent short-term rental.
Buyer and investor implications
At 49% absorbed with a Q1 2028 completion and 7% outside broker commission — the highest commission in the Brickell pipeline — Baccarat is actively seeking velocity. That velocity incentive, combined with meaningful remaining inventory at the 2-to-4 bedroom tier, creates a negotiating environment that is unusual for a product of this brand stature.
Strategic takeaway
Baccarat at 49% absorbed, $4.15M entry, riverfront Brickell, 75-story scale, and 7% commission signals an optimal negotiating window. Buyers who understand that window and act within it are making a fundamentally different acquisition than buyers who purchase after the next absorption milestone.
The Worth Group maintains direct sales relationships at Baccarat Residences Miami and can facilitate private previews and allocation discussions. Contact us immediately to engage while meaningful inventory remains.
Contact The Worth Group at 561-639-2149 or [email protected]
