Palma Residences Miami Beach / Spectacular boutique residences with short-term rentals just steps from the beach
666 71st St, Miami, FL






Project description
Elegant 13-story tower located in the vibrant North Beach area, just three blocks from the beach. Designed by Built Form Architecture, it offers 126 luxury residences with short-term rentals and resort-style amenities.
Palma Residences Miami Beach is a distinguished boutique residential tower of 13 stories situated in the thriving North Beach neighborhood, just three blocks from the crystal-clear waters of the Atlantic Ocean. Designed by the award-winning firm Built Form Architecture, the property combines modern architecture with a setting surrounded by lush tropical landscaping. The building consists of 126 luxury residences ranging from practical studios of 413 square feet to stunning Penthouse units of 1,950 square feet on the 13th floor. Designed to maximize space and natural light, the homes feature 10-foot high ceilings, spacious private balconies, cutting-edge kitchens with sleek cabinetry, and a full suite of stainless steel appliances. Among its top-tier amenities is a spectacular pool terrace surrounded by tropical gardens, private cabanas, lounging areas, and bar service. Additionally, the project includes a state-of-the-art fitness center, a social lounge, 7,000 square feet of retail space on the ground floor, as well as 40 vehicle parking spaces and 140 dedicated bicycle spaces. Developed by NoBe Creek LLC, a firm associated with Galbut Family Office —one of the most established and impactful families in real estate investment and hospitality in Miami Beach— Palma Residences represents a privileged investment opportunity in vacation rentals.
Unit mix: Studios from 1 to 2 bedrooms
Project status: Payment schedule anticipates the completion of the structure (top-off) by the end of 2025 and estimated delivery closing in 2026/2027.
Project features

Architecture
Design by Built Form Architecture
Contemporary 13-level tower with optimized and intentional design.
Integrated Commercial Spaces
7,000 sq ft dedicated to retail on the ground floor of the building.
Prime Location
Just three blocks from the beach in the vibrant North Beach neighborhood.

Services
Short-term rentals allowed
Format designed for the vacation rental market.
Parking and Mobility
40 vehicle spaces and 140 assigned bicycle spaces.

Wellness
Outdoor Pool and Sun Deck
Garden terrace with pool, lounge chairs, and private cabanas.
Equipped Gym
Modern fitness center for residents.

Entertainment
Pool Bar and Lounge
Outdoor social area with bar and lounge for residents.

Residences
10-Foot High Ceilings
Spacious interiors with excellent natural lighting.
residenceBalconies in all units
Private outdoor terraces in each residence.
residenceEquipped Contemporary Kitchens
Sleek cabinetry and stainless steel appliances.
residenceLayouts from 413 ft² to 1,950 ft²
Versatile layouts from functional studios to spacious Penthouses.
residenceReference Price List
| Unit Type | Total Area | Details | Estimated Investment * |
|---|---|---|---|
EstudioEstudios desde | 38.36 m² | — | From $650,000 |
1 Dormitorio1 dormitorio desde | — | — | From $650,000 |
2 Dormitorios2 dormitorios desde | — | — | Inquire |
PenthousesPenthouses | 181.16 m² | — | Inquire |
Estudio
Estudios desdeFrom $650,000
* Estimated
1 Dormitorio
1 dormitorio desdeFrom $650,000
* Estimated
2 Dormitorios
2 dormitorios desdeInquire
* Estimated
Penthouses
PenthousesInquire
* Estimated
Important note: Displayed values are a reference estimate calculated from the price per square meter. They may vary based on availability, floor, and unit view.
Location & map
Primary developer: NoBe Creek LLC (Galbut Family Office)
Secondary developer: Built Form Architecture
Information source: Ficha comercial del proyecto
Investment intelligence
Typical payment structure
Most South Florida pre-construction projects use a milestone-based structure: a percentage at contract/reservation, additional installments during construction, and the balance at closing. Always confirm this project's official payment plan with the developer — this is general information, not specific to this unit.
General information — not specific to this projectFrequently asked questions
Can a foreign buyer purchase pre-construction property in Florida?
Yes — there is no citizenship or residency requirement to buy real estate in Florida, including pre-construction units like Palma Residences Miami Beach / Spectacular boutique residences with short-term rentals just steps from the beach. Financing and tax treatment do differ for foreign buyers though; see our guides on financing and FIRPTA before reserving a unit.
What's the typical payment structure for pre-construction in Florida?
Most South Florida pre-construction developers use a milestone-based structure: a percentage at contract/reservation, followed by additional installments tied to construction progress, with the balance due at closing. The exact percentages and schedule vary by developer and project — always confirm the official payment plan in the contract or brochure before reserving, not from a generic estimate.
Is the rental yield shown for this project guaranteed?
No. The yield range shown is an Imnoba estimate based on comparable properties, not a guarantee from the developer. It only becomes relevant once the project is delivered (expected Q1 2027) and a unit is actually leased — run the Florida ROI Report to model your own numbers with real cost assumptions.
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Figures shown are for reference only. Any final investment decision should be made with professional advice and after validating the official project documentation.
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