North Miami’s New Luxury Condos: Solana Bay vs ONE Park Tower
Quick Summary
- Two distinct North Miami buyer plays
- Deposit terms shape real flexibility
- 2026 timelines are projected, not fixed
- Boutique vs master-planned living
North Miami’s next luxury cycle
North Miami is entering its next luxury cycle with a quieter kind of momentum. The driver is less spectacle and more arithmetic: waterfront scarcity, a thinner pipeline of boutique inventory, and master-planned communities that can deliver lifestyle at scale. For ultra-premium buyers, the real question is not whether the neighborhood can “become” something. It is whether a specific building’s timeline, deposit structure, and design intent match how you live, and how you prefer to manage risk.
Two projects now anchor that decision set. One is boutique, waterfront, and deliberately limited in count. The other is a high-rise inside a larger community, where the amenity ecosystem is part of the value proposition. Both sit firmly in the pre-construction and new-construction lane, so every comparison should be filtered through projected schedules, milestone-based deposits, and the practical reality that terms can evolve.
Two projects, two buyer profiles
At the top of the market, “new development” is not a single category. It separates into distinct buyer profiles.
First is the privacy-forward owner: the person who wants fewer neighbors, a quieter elevator lobby, and a building that reads like a private members’ environment rather than a resort. This buyer tends to prioritize clarity in unit mix, predictable governance, and a smaller resident community.
Second is the lifestyle maximizer: the buyer who wants convenience, programming, and a broader amenity canvas. This profile often likes the idea of a neighborhood-within-a-neighborhood, and will accept more residents if the living experience feels expansive and well-managed.
Solana Bay is positioned toward the first profile. ONE Park Tower is positioned toward the second.
Solana Bay: boutique waterfront, curated by design
Solana Bay Residences is planned as a waterfront condominium in North Miami, developed by Kolter Urban and BH Group. The plan calls for a 10-story boutique building with 52 residences, a scale that reads intentionally limited in today’s market.
For buyers who define luxury as calm, that 52-residence count is not a footnote. It suggests fewer daily touchpoints and a more controlled rhythm in shared spaces. Pool decks are less likely to feel like a competition, and arrival can feel closer to a private address than a hotel corridor.
Pricing is marketed from about $2.3 million, with a reported range up to about $5 million. At that level, the conversation is less about “new” and more about execution: the integrity of finishes, the intelligence of layouts, and the quiet competence of building operations.
Solana Bay’s marketing also discloses a direct deposit ladder: 20 percent at contract, 10 percent at 90 days after contract, 10 percent at 180 days after contract, and 60 percent at closing. For a sophisticated buyer, this is not simply a calendar. It is an exposure map. It shows when capital becomes committed and when optionality remains.
If you want to track the project closely, see Solana Bay North Miami and confirm current terms directly in the latest contract and addenda.
ONE Park Tower: SoLé Mia scale, with a lifestyle thesis
ONE Park Tower is a Turnberry condominium tower planned within the SoLé Mia master-planned community in North Miami. It is marketed as a 33-story building with 292 residences, a fundamentally different proposition: less “boutique address,” more “vertical neighborhood.”
The lifestyle pitch is inseparable from the broader community concept. The signature feature promoted alongside ONE Park Tower is a Crystal Lagoon and beach club concept, designed to deliver a coastal feeling without relying on oceanfront geography.
From a buyer’s standpoint, this matters for two reasons:
- It can change how often you leave your community for leisure.
- It can make the property feel more complete earlier in its life cycle, assuming the surrounding experience is delivered as marketed.
Pricing is marketed from about $900,000, which naturally widens the buyer funnel and can introduce more varied resident use cases. For some, that breadth can support liquidity. For others, it raises governance considerations, particularly if you prefer a more uniform owner profile.
Turnberry announced the project secured a $172 million construction loan from Bank OZK, a notable signal in a market where buyers increasingly track capital stacks as a proxy for delivery confidence.
To explore the offering, see One Park Tower by Turnberry North Miami.
Deposits and leverage: how to read the fine print
In luxury new-construction, deposits are not just a hurdle. They are a strategy. They determine how much capital is tied up early, how exposure changes across milestones, and how you plan liquidity alongside other holdings.
Solana Bay’s disclosed structure is straightforward and comparatively front-loaded versus towers that stage payments throughout construction. The 60 percent due at closing keeps most capital deployed later, but the earlier increments still matter because they arrive well before delivery.
ONE Park Tower, by contrast, is marketed with a reservation system by bedroom count (for example: $50,000 for a one-bedroom, $75,000 for a two-bedroom, $100,000 for a three-bedroom), and a phased deposit structure tied to milestones such as contract, groundbreaking, top-off, and closing. For many buyers, that progress-based rhythm feels more aligned with construction risk.
If you are buying for Investment, ask which structure fits your portfolio’s cadence. A clean milestone framework can be easier to align with other capital calls. A simpler schedule can be easier to administer. Neither is inherently better. The right answer is personal and situational.
Architecture and interiors: what has been publicly disclosed
Both projects align with a familiar South Florida high-design vocabulary, but they diverge in interior direction.
Solana Bay’s architect is marketed as Arquitectonica, and the interior design is credited to Avenue Interior Design. In a boutique building, interiors are the proof point: the project either earns its price bracket or it does not. Look beyond the hero renderings and focus on circulation and detail, including entry sequences, corridor materiality, lighting temperatures, and storage logic.
ONE Park Tower’s architect is also marketed as Arquitectonica, with interior design credited to Meyer Davis Studio. That pairing signals an intent to deliver a polished, contemporary residential environment and scale it across a larger resident base without losing coherence.
In both cases, the practical due diligence is similar: request the latest finish schedules, clarify what is considered an upgrade, and understand how substitutions are handled.
Timelines: projected 2026 deliveries and what that implies
Timelines are part of the allure and part of the risk.
Sales for Solana Bay were launched in spring 2024, with construction start timing referenced for 2025 and delivery projected for 2026 in press coverage. ONE Park Tower is marketed with anticipated completion in Summer 2026.
The words to watch are “anticipated” and “projected.” Permitting, financing conditions, labor availability, and supply chain realities can shift dates. Experienced buyers treat timelines as a planning range, not a promise.
For end-users, a 2026 target can be ideal if you are staging a relocation, planning a tax-year move, or timing a downsizing. For second-home buyers, the question is whether you prefer to wait for new inventory or secure something that exists today.
How North Miami compares to Miami Beach at the luxury end
Some buyers use Miami Beach as a benchmark for service culture and social gravity. Others prefer North Miami for its discretion and value-per-square-foot logic.
If your reference point is a more overt “arrive and be seen” atmosphere, projects like Five Park Miami Beach and Shore Club Private Collections Miami Beach show how Miami Beach continues to monetize location and lifestyle theater.
If, instead, you think in terms of beachfront purity and a quieter, design-forward mood, 57 Ocean Miami Beach offers another frame of reference.
North Miami is not trying to replicate Miami Beach. The best reason to buy here is not because it is “next,” but because your priorities are different: privacy, optionality, and a cleaner relationship between cost and use.
A buyer’s checklist for 2024 to 2026 decisions
Before committing, align the purchase with how you will actually use the home.
If you are considering Solana Bay North Miami, confirm the current deposit schedule, the amenity program (including the marketed rooftop pool and resident spaces), and the policies that shape day-to-day living.
If you are considering One Park Tower by Turnberry North Miami, confirm reservation and milestone deposits by your unit type, understand how the community lifestyle features integrate with the tower, and evaluate how a larger resident population fits your preferences.
Finally, treat your contract review as a luxury behavior. This is not about suspicion. It is about precision.
FAQs
What is Solana Bay’s overall scale?
It is planned as a 10-story boutique building with 52 residences.
Who is developing Solana Bay?
It is developed by Kolter Urban and BH Group.
What is Solana Bay’s advertised pricing level?
It is marketed from about $2.3 million, with a reported range up to about $5 million.
What is Solana Bay’s disclosed deposit structure?
20% at contract, 10% at 90 days, 10% at 180 days, and 60% at closing.
What is ONE Park Tower and where is it located?
It is a Turnberry condominium tower within the SoLé Mia master-planned community in North Miami.
How large is ONE Park Tower?
It is marketed as a 33-story building with 292 residences.
What is ONE Park Tower’s marketed starting price?
It is marketed from about $900,000.
What financing has been publicly disclosed for ONE Park Tower?
Turnberry announced a $172 million construction loan from Bank OZK.
What is ONE Park Tower’s anticipated completion timing?
It is marketed for anticipated completion in Summer 2026.
Are pre-construction deposit terms and timelines fixed?
They can change, and dates are typically projected, so confirm the latest documents before signing.
For tailored guidance on South Florida new development opportunities, connect with MILLION Luxury.
Million Luxury
Million Luxury
Welcome to MILLION, an exclusive luxury real estate boutique nestled in the heart of South Florida’s most desirable locations. Specializing in high-end properties, we provide a sanctuary for discerning clients including top Fortune 500 executives, affluent families, celebrities, and professional athletes from across the globe. At MILLION, we understand the unique demands of our elite clientele and offer a seamless blend of confidentiality and personalized attention. Our commitment to privacy is unwavering; we ensure that every transaction and interaction is handled with the utmost discretion and according to stringent confidentiality protocols. Our concierge service embodies the pinnacle of white-glove care, offering tailored assistance that transcends traditional real estate support.
