Palma Residences Miami Beach / Spectacular boutique residences with short-term rentals just steps from the beach

666 71st St, Miami, FL

Short-Term RentalsClose to the BeachNorth BeachBoutiqueGalbut Family Office
Investment ticket
$650,000
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Miami, FLLocation
Q1 2027Estimated delivery
13Floors
On requestExpected yield

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

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

Services

Short-term rentals allowed

Format designed for the vacation rental market.

Parking and Mobility

40 vehicle spaces and 140 assigned bicycle spaces.

Wellness

Wellness

Outdoor Pool and Sun Deck

Garden terrace with pool, lounge chairs, and private cabanas.

Equipped Gym

Modern fitness center for residents.

Entertainment

Entertainment

Pool Bar and Lounge

Outdoor social area with bar and lounge for residents.

Residences

Residences

10-Foot High Ceilings

Spacious interiors with excellent natural lighting.

residence

Balconies in all units

Private outdoor terraces in each residence.

residence

Equipped Contemporary Kitchens

Sleek cabinetry and stainless steel appliances.

residence

Layouts from 413 ft² to 1,950 ft²

Versatile layouts from functional studios to spacious Penthouses.

residence

Reference Price List

Estudio

Estudios desde

From $650,000

* Estimated

38.36 m²

1 Dormitorio

1 dormitorio desde

From $650,000

* Estimated

-

2 Dormitorios

2 dormitorios desde

Inquire

* Estimated

-

Penthouses

Penthouses

Inquire

* Estimated

181.16 m²

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

Project in Miami, FL

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 project
Model your return with the Florida ROI Report

Frequently 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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