$15M Bulk Purchase at Colette Residences Signals Demand for Custom Luxury Homes in South Brickell

Located in South Brickell, Colette Residences is a 38-home boutique condominium by META Development that offers an alternative to the neighborhood’s high-rise towers. The project was designed by Brazilian architecture and interior design firm OSPA, with exclusive sales led by the Eklund | Gomes team. The latest transaction closed at roughly $1,661 per square foot, reflecting continued strength in the market for premium new construction with limited inventory.  

Rather than purchasing a traditional luxury condominium, the buyer elected to merge four residences into two expansive duplex homes, a strategy that provides the scale and privacy typically associated with single-family estates while retaining the services and convenience of a boutique residential building. The sale reflects an emerging preference among affluent buyers for flexible floor plans that can be tailored to individual lifestyles instead of standardized layouts.  

As South Brickell continues to attract luxury residential investment, boutique developments are carving out a distinct niche within the market. With fewer residences, larger floor plans, and greater customization opportunities, projects like Colette are increasingly appealing to domestic and international buyers seeking exclusivity without sacrificing access to Miami’s urban lifestyle. Construction is expected to continue advancing over the coming months.