Bay view of Coral Gables waterfront luxury homes - prime South Florida zone near luxury and ultra luxury condos, with preconstruction and resale activity.
Bay view of Coral Gables waterfront luxury homes - prime South Florida zone near luxury and ultra luxury condos, with preconstruction and resale activity.

Is New Construction Overpriced or Worth It? How to Judge Value in a Brand-New Condo vs. a 5-Year-Old One

In South Florida’s luxury condo market, the real pricing contest in 2026 is rarely about sticker price. It is about predictable operating costs, looming capital projects, insurance volatility, and how much risk you want to underwrite personally. Here is a buyer-focused framework to compare pre-construction and a five-year-old resale condo, with a particular lens on Florida’s post-Surfside regulatory reality and the region’s cash-heavy luxury demand.

Waterfront high-rise at sunset at Forte on Flagler in West Palm Beach, showcasing ultra luxury preconstruction condos with scenic views.
Waterfront high-rise at sunset at Forte on Flagler in West Palm Beach, showcasing ultra luxury preconstruction condos with scenic views.

The Bristol vs. South Flagler House: Choosing Between an Established Icon and a New Waterfront Statement

In West Palm Beach, the conversation around The Bristol and South Flagler House often reveals more about buyer psychology than floor plans. One name signals established prestige, proven market acceptance, and the quiet confidence of a residence that has already written its story. The other represents the allure of New-construction: fresh design thinking, today’s lifestyle priorities, and the opportunity to be early to a new address. Here is a discreet, decision-first guide to evaluating both through views, privacy, service culture, and long-term optionality.

About Us

MILLION is a luxury real estate boutique specializing in South Florida's most exclusive properties. We serve discerning clients with discretion, personalized service, and the refined excellence that defines modern luxury.