The Perigon Miami Beach: Prices, Floor Plans & Residences

Mid-Beach is the stretch of Miami Beach between South Beach and Surfside known as Millionaire's Row, a wide and unusually quiet run of oceanfront where the sand is at its broadest and the buildings sit back from Collins Avenue. For decades almost nothing new was built directly on the ocean here, which is exactly what makes The Perigon notable. It is a ground-up, oceanfront condominium on roughly 2.5 acres at 5333 Collins Avenue, with close to 200 feet of beach frontage, and it is the first residential project on Miami Beach designed by OMA, the architecture firm founded by Rem Koolhaas. That combination, new construction plus a beachfront site plus a marquee architect, is something the island does not produce often.

According to PROFILEmiami and the official developer site, The Perigon holds 73 residences across 17 stories, developed by Miami-based Mast Capital in joint venture with a controlled affiliate of Starwood Capital Group, the global firm led by Barry Sternlicht. The diamond-shaped tower was designed by OMA, led by partner Jason Long out of OMA New York, with interiors by London-based Tara Bernerd & Partners and the landscape and ground plane by Gustafson Porter + Bowman. Mast Capital and Starwood secured a $390 million construction loan from Eldridge Real Estate Credit, and in early 2026 the building topped off, the first new oceanfront residential tower this cycle in Miami Beach to reach full height ahead of its anticipated 2027 occupancy.

The residences run two to four bedrooms, roughly 2,100 to 6,100 square feet, each with oversized terraces, flow-through living and dining areas, professional kitchens, and views that stretch from the Atlantic in the east to Biscayne Bay in the west. The crowning two-story Penthouse West was offered at $37 million. As of the March 2026 topping off, limited inventory remained from $12.55 million, according to PROFILEmiami, with strong sales momentum. That price floor places The Perigon firmly in the ultra-luxury oceanfront tier, alongside the most exclusive new product in Surfside and Bal Harbour, and the small total residence count is part of the appeal: privacy, scarcity, and a building that will never feel crowded.

The amenity program covers approximately 40,000 square feet of indoor and outdoor space. The centerpiece is a private oceanfront restaurant and a speakeasy conceptualized by Michelin-starred chef Shaun Hergatt, exclusive to residents and their guests, with in-residence catering. Beyond the dining, the building offers an oceanfront pool with cabanas, a spa with sauna and treatment rooms, a private salon, a fitness center with panoramic ocean views, a children's playroom, a screening room, a wine room, guest suites, and a double-height lobby lounge, served by a lifestyle concierge and a residential butler. For ultra-luxury buyers, the depth and exclusivity of the service is as much the product as the residence itself.

The Perigon is in the final phase of its sales cycle, which means a small number of residences and the developer price sheet are what is left to discuss, and both move quickly at this stage. I am the contact for all of it. If you want to know which residences and floor plans remain, see the current pricing, or tour the OMA-designed sales gallery at 1 Hotel South Beach, call me at 305-964-8614 or visit the contact page. I can also compare The Perigon against the other ultra-luxury oceanfront launches in Surfside and Bal Harbour so you see the full picture before you commit.