There is precisely one new development project in South Florida's tracked Q1 2026 pipeline that carries the rare combination of ultra luxury designation, bayfront Edgewater positioning, 3-to-6 bedroom units from 2,939 to 13,000 square feet, and Airbnb-approved daily rental permission. That project is Villa Miami — and the combination of those attributes in a single asset creates an investment profile with no true comparable in the current market.

Key market shifts

Villa Miami at 710 NE 29th Street in Edgewater is a joint development by Terra Group, One Thousand Group, and Major Foods — three organizations whose individual track records are exceptional and whose collaboration on a single project signals an ambition beyond any single entity's typical operating scale. Arquitectonica's ODP studio handles the design of a 55-story tower with 70 total units priced from $5.2M to $50M at $1,900/sqft average. At 45% absorbed, meaningful inventory remains across the 3-bedroom ($5.25M entry) to 6-bedroom ($9.55M and above) range.

The Airbnb approval is not a footnote. In a submarket where the prevailing standard is a 2-to-6-month rental minimum, a project at this price tier and scale with daily rental approval is operationally unique. For a buyer purchasing a $6–$8M unit as a secondary residence with 180 days of personal use and 185 days of potential rental income at premium Miami market rates, the economics support a significant premium over comparable no-flexibility product.

Buyer and investor implications

Major Foods' involvement — the New York-based hospitality group behind Carbone and other internationally recognized restaurant brands — creates the prospect of on-site dining and hospitality programming that, if executed to the quality of their New York venues, will generate media and cultural cache well beyond the typical amenity package.

Strategic takeaway

Villa Miami is the most yield-capable ultra luxury product in the current South Florida pipeline. The combination of price tier, Airbnb approval, brand constellation, and bayfront positioning is genuinely singular. Buyers evaluating this product against Villa-comparable alternatives should note that no such alternative currently exists.

The Worth Group maintains direct allocation access for Villa Miami. Schedule a private viewing of remaining inventory.

Contact The Worth Group at 561-639-2149 or [email protected]