Highest-Priced Miami Pre-Construction Condos: Baccarat Residences Brickell

Baccarat is the rarefied luxury crystal house with a 260-year history and a New York hotel + residences project that set the high-water mark for branded residential pricing on Manhattan's 53rd Street. Baccarat Residences Brickell is the brand's first major Miami project — a 75-story riverfront tower at 444 Brickell Avenue, developed by Related Group and operated by SH Hotels and Resorts.

Construction has progressed past 40 stories as of early 2026, with delivery targeted 2026–2028 depending on phase. $1.8M starts and a reported $32M ceiling put it firmly in Brickell's trophy tier.

This is the ninth profile in our highest-priced Miami pre-construction condo series.

The Quick Take

View the Baccarat Residences Brickell building page · Browse all Brickell condos for sale · Brickell neighborhood guide

Why It Sits Near the Top of the Brickell Market

Three structural reasons Baccarat is in the trophy conversation despite the higher unit count:

1. Brand positioning. Baccarat as a hotel + residential brand sits in a different tier from the typical Miami branded residence. The 53rd Street New York project established a precedent — and re-sold at meaningful premiums.
2. Riverfront product mix. Most Brickell towers are pure verticals. Baccarat layers in 28 riverfront flats and duplexes along the Miami River — a lower-density, non-tower component that competes with townhouse and Brickell Key inventory rather than other Brickell condos.
3. Related + SH Hotels execution discipline. Related has more delivered Miami trophy product than any other developer; SH Hotels (Barry Sternlicht's hospitality vehicle) is responsible for 1 Hotel & Homes South Beach, Treehouse Hotels, and Baha Mar. The execution stack on this project is unusually strong.

Pricing Reality

Public marketing places 1-bedroom starts at $1.8M, 2-bedroom from $2.7M, 3-bedroom from $2.9M, and 4-bedroom from $4.3M. Top inventory and penthouse product reportedly clear $32M. Per-square-foot pricing on top tower units lands in the $2,000–$3,000+/sf range depending on floor, line, and exposure.

The 28 riverfront flats and duplexes are priced as a separate product line — these are larger-footprint, lower-density homes targeting a different buyer than the tower. Verify pricing for the specific component you're shopping.

What Makes the Product Different

Concrete differentiators versus typical Brickell pre-construction:

• Three product types in one project — tower, penthouse tier, and 28 riverfront flats/duplexes
• Direct Miami River frontage with public-private waterfront promenade
• Baccarat-branded service stack including signature dining and concierge
• Meyer Davis interiors (known for The Times Square EDITION, Six Senses NY, Auberge work)
• Enzo Enea landscape — the same designer brought to Six Fisher Island, Onda, and other top Miami trophy projects

The amenity program reflects Baccarat's brand standard:

• Signature Baccarat-branded dining and lounge spaces
• Riverside pool deck and waterfront promenade
• Full spa, wellness, and fitness program
• Private members' club spaces
• Concierge, valet, in-residence dining
• Curated art program

Buyer Fit

Baccarat is a fit for:

• Buyers cross-shopping branded Brickell residences against Cipriani Residences, 888 Brickell, 1428 Brickell, and 619 Brickell (Nobu)
• International buyers who want brand-recognition resale liquidity at a more accessible Brickell entry price
• Owners specifically targeting the riverfront flat/duplex product (these are rare in Brickell)
• Multi-home buyers comparing trophy product across Manhattan, London, Paris, and Miami

It's probably not the right fit for:

• Buyers who want oceanfront — Baccarat is riverfront/skyline product
• Buyers wanting a tiny-density, members'-club tier (Casa Cipriani, Six Fisher Island fit that need)
• Investors targeting short-term-rental yield (verify exact short-term-rental policy)

How It Compares to Other Brickell Pre-Construction

Among these, Baccarat's closest direct comp is 1 Hotel & Homes South Beach (delivered, also SH Hotels) — both are the same operator, same execution language, comparable amenity tier. Baccarat's edge: newer construction, central Brickell location, and the riverfront product variant.

The Risk Side

Specific to Baccarat:

• Phased delivery (2026–2028) — buyers in different components face different timelines
• HOA carrying cost at 75 stories with full Baccarat-brand service
• Resale liquidity by component — tower vs. penthouse vs. riverfront flats trade differently
• Construction progress — at 40 stories of 75 as of March 2026, vertical work is well advanced; finishing trades and TCO are the slip risk
• Brickell condo carrying cost trends — verify current insurance, taxes, and assessment trajectory

Bottom Line

Baccarat Residences Brickell is one of the most credentialed branded residential projects under construction in Miami — Related Group execution, SH Hotels operation, Arquitectonica architecture, Meyer Davis interiors, Enzo Enea landscape, and a Baccarat brand identity that has already proven out in New York. $1.8M starts to a reported $32M ceiling across three product types.

For Brickell buyers who want a trophy-tier branded residence with a more accessible entry price than the supertalls, this is the cleanest option on the list.

More From the Highest-Priced Pre-Construction Series

• Six Fisher Island: $15M+ private-island residences
• Ritz-Carlton Residences South Beach: $4M–$125M condos
• Shore Club Private Collection: Auberge + Robert A.M. Stern
• Casa Cipriani Mid-Beach: $25M+ members'-club residences
• Rivage Bal Harbour: SOM-designed $8M–$65M condos
• Waldorf Astoria Residences Miami: 100-story supertall
• The Perigon Miami Beach: OMA-designed Mid-Beach oceanfront
• 888 Brickell by Dolce & Gabbana: fashion-branded supertall
• Mandarin Oriental Residences Miami: KPF-designed Brickell Key

Sources and Further Reading

• Official Baccarat Residences Brickell site
• CondoBlackBook profile
• Florida YIMBY — vertical progress
• Miami Condo Lifestyle profile
• LuxuryDade pre-construction page