Palm Tree Residences Miami — Building Facts
- Address
- 1018 North Miami Avenue / 31 NW 10th Street, Miami, FL 33136 — Park West, Downtown Miami
- Status
- Announced May 2026. Sales launched June 2026. Not yet under construction
- Storeys
- 37
- Residences
- 483 — fully furnished, junior suites to three bedrooms
- Pricing
- $500,000 to $1,800,000 (May 2026)
- Brand
- Palm Tree Crew — the entertainment and hospitality company co-founded by Kygo
- Developer
- Property Markets Group, Lion Development Group, EDEN Residential and Sterling Equities
- Architect
- Kobi Karp Architecture & Interior Design · kitchens by Italkraft
- Sales
- PMG Residential (exclusive)
- Completion target
- 2030
- Site today
- ⚠️ A 25,000 sq ft entertainment building on 31,050 sq ft of land, assessed at $12,513,600
Key Takeaways
- This is the first Palm Tree Crew residential project anywhere. The brand — co-founded by the Norwegian producer Kygo — runs festivals, venues and hospitality worldwide, and Miami is where it is putting its first building.
- 483 fully furnished residences over 37 storeys, from $500,000 to $1.8 million, junior suites to three bedrooms, with completion targeted for 2030. Sales launched in the first week of June 2026, timed ahead of the FIFA World Cup matches in Miami.
- ⭐⭐ The thing nobody is saying out loud: one developer is assembling a nightlife-branded residential district in Park West. Property Markets Group is behind E11EVEN Hotel & Residences (456 homes, delivered June 2026), E11EVEN Residences Beyond (550 homes, 2027) and now this. That is 1,489 club-branded residences across three towers on two adjacent blocks.
- ⭐ The county already classifies this site as entertainment. The parcel at 31 NW 10th Street holds a 25,000 square foot building the Property Appraiser codes “Tourist Attraction / Exhibit : Entertainment”, on 31,050 square feet zoned Urban Core 60 Storey. A nightlife-branded tower is going onto a parcel that was already nightlife.
- ⚠️ Two addresses are in circulation and both are correct. Bisnow gives 31 NW 10th Street; Florida YIMBY and PROFILEmiami give 1018 North Miami Avenue. The county records the site as Lots 20 through 24 of Block 17 — an assemblage — which is why.
- 🔴 Short-term rental is the reason many buyers will look at this, and it is the thing to verify hardest. The trade press reports the residences as short-term-rental friendly. That is the developer’s marketed model, not a permission you have been granted. See the section below before it forms part of your decision.
What is planned
Palm Tree Residences Miami is a 37-storey tower of 483 fully furnished residences in Park West, the pocket of Downtown Miami north of the arena that has become the city’s entertainment district. Homes run from junior suites to three bedrooms, priced on announcement at $500,000 to $1.8 million.
The development team is Property Markets Group, Lion Development Group, EDEN Residential and Sterling Equities, in partnership with Palm Tree Crew. Kobi Karp Architecture & Interior Design is handling both architecture and interiors, with kitchen cabinetry by Italkraft. PMG Residential has exclusive sales.
The amenity programme runs across three levels: a signature Palm Tree Crew dining and nightlife venue at ground level, a rooftop infinity pool and hot tub, a padel court, a fitness centre with a climbing wall, a wellness centre with cold plunge pools and saunas, a yoga studio, a juice bar, a golf simulator and bike storage.
The branding is not just a name on the building. Reported owner benefits include priority access to Palm Tree Crew events worldwide with preferred ticketing, weekday dining at Palm Tree Club Miami, members-only table access, and monthly electronic and house music programming in the building itself.
Myles Shear, chief executive of Palm Tree Crew, on choosing the city: “Miami was the only choice for our first residences. It is a city that embraces originality, celebrates life at every turn, and has always been home to concepts that push boundaries.”
The part that is actually worth your attention
Take three projects that are usually written about separately and put them on a map.
| Tower | Block | Residences | Status |
|---|---|---|---|
| E11EVEN Hotel & Residences | Block 18 | 456 | Delivered June 2026 |
| E11EVEN Residences Beyond | Block 18 | 550 | Topping out; 2027 |
| Palm Tree Residences Miami | Block 17 | 483 | Announced; 2030 |
| Total | 1,489 | ||
Property Markets Group is a partner in all three. The county records E11EVEN’s parcels in City of Miami North, Block 18 and Palm Tree’s in Block 17 — adjacent blocks. All three are club- or entertainment-branded. All three are marketed on flexible rental. Two of them are named after nightclubs.
⭐ So what is being built here is not three condominium towers that happen to be near each other. It is a district, by one developer, aimed at one buyer. I have not seen that framed anywhere, and I think it is the single most important thing to understand before buying in Park West — whichever of the three you are looking at.
Why it matters practically: when 1,489 homes with near-identical positioning arrive on two blocks between 2026 and 2030, they compete with each other on resale and on nightly rate. Your competition is not the wider Downtown Miami market. It is the tower across the street, with the same rental model and the same target guest.
I want to be careful not to overstate that. Concentration also builds a destination, and a genuine entertainment district with critical mass supports rates in a way a lone building cannot. It cuts both ways. But it should be a conscious part of the decision rather than something you discover in 2030.
What is on the site today
I pulled the Miami-Dade County Property Appraiser record on 26 August 2026. The parcel at 31 NW 10th Street is folio 01-0101-070-1120, recorded as Miami North, Lots 20 through 24 less street, Block 17, on a lot of 31,050 square feet.
Unlike most pre-construction sites, this one is not vacant. It carries a 25,000 square foot building that the county classifies “Tourist Attraction / Exhibit : Entertainment”. The parcel is zoned Urban Core, 60 storeys — so the announced 37-storey tower sits well inside what the zoning permits.
Assessed values have climbed steadily: $10,341,819 (2024), $11,376,000 (2025), $12,513,600 (2026). The recorded sale history shows two partial-interest deeds of $5,500,000 each on 15 December 2020, and a qualified multi-parcel deed of $1,600,000 in September 2003.
⚠️ Two things follow from this and both matter. First, there is no condominium declaration and no residential folio — which is exactly right for a project that has not broken ground, and it means there is no county price evidence of any kind here, and will not be for years. Second, the existing building has to come down. A demolition and a 2030 completion target on a project announced in May 2026 is a long runway, and it is the honest frame for anyone deciding whether to place a deposit now.
The rental question, handled properly
Bisnow describes the residences as short-term-rental friendly. Florida YIMBY reports short-term rentals as permitted. For a fully furnished, club-branded building this is plainly central to the pitch, and it is going to be the reason a large share of buyers are interested.
🔴 So let me be direct about what that reporting is and is not. It is the developer’s marketed model, accurately reported by the trade press. It is not a permission that has been granted to you, and it is not something a sales office can bind on the city’s behalf.
Three separate layers decide whether you can actually rent a home short term in Miami, and all three have to line up:
- Florida state law, which preempts local regulation of vacation rentals but grandfathers ordinances predating 1 June 2011.
- The municipality — the City of Miami’s zoning for the specific parcel, plus a Certificate of Use and a Business Tax Receipt.
- The condominium’s own recorded declaration, which binds you personally and which, for this building, does not exist yet. It will be recorded years from now, and it is the document that governs.
⚠️ A county use code settles none of this in either direction — I have checked nine Miami condo-hotels folio by folio and only four carry a lodging classification at all. And this site’s current “entertainment” classification describes the building being demolished, not the homes being built.
What to do: get the developer’s rental representation in writing, get the draft declaration and read its leasing article, and get the City of Miami’s position on the parcel in writing before your rental income assumption becomes part of your purchase decision. That is the standard advice on any building; on a furnished, club-branded one launched years before its declaration exists, it is not optional.
What to check before you place a deposit
The completion date, and what happens if it moves. 2030 is four years out on a project announced in May 2026 that still has a building standing on it. Delivery dates move — E11EVEN Residences Beyond went from 2025 to 2027 on the next block. Read the outside date in the contract and what your remedy is.
The deposit schedule and where the money sits. On a long pre-construction runway this is the single most important commercial term.
What “fully furnished” includes, in a schedule. Furnished delivery is a real selling point and a common source of dispute. Get the specification listed, not described.
Whether construction financing has closed. As of this writing I have found no report of a construction loan for this project. For comparison, 2200 Brickell closed a $77 million loan five months before breaking ground. A financing announcement is the clearest public signal a project is moving from announcement to construction. I searched The Real Deal, Florida YIMBY, PROFILEmiami and Bisnow and found none for Palm Tree Residences — that is an absence at an early stage, not a red flag, but it is the next milestone worth watching. The South Florida Business Journal blocks our requests and is unchecked.
What the monthly cost looks like. Three levels of amenities including a nightlife venue, padel court, climbing wall and cold plunge pools carry an operating cost, spread across 483 homes.
Who this suits, and who it does not
It suits a buyer who wants the brand and the access, not just the apartment. If preferred ticketing to Palm Tree festivals and a table at the club genuinely matters to you, that is a real and unusual product, and it is the entire premise.
It suits a furnished-rental buyer who is going in with open eyes — who has read the declaration when it exists, has the city’s position in writing, and understands they will be one of 1,489 similar homes in a ten-minute walk.
It suits someone comfortable with a 2030 horizon. Four years, a demolition, and no construction financing reported yet. That is an early-stage buy at early-stage pricing, and pricing from $500,000 in Downtown Miami reflects it.
It does not suit a buyer who wants to live somewhere quiet. A tower with a nightlife venue in its base, monthly music programming, and a nightclub-branded pair of towers on the next block is not a mistake anyone should make here. It is the concept working as designed.
It does not suit a buyer who needs the rental income to underwrite the purchase — not because it will not be permitted, but because nobody can show you the binding document yet.
And a note for owners at E11EVEN. Four hundred and eighty-three more club-branded, furnished, rental-oriented homes are coming to the next block, from a partner in your own building. They will not compete with you in 2027. They will compete with you in 2030.
Verified 26 August 2026. The site record — folio 01-0101-070-1120 at 31 NW 10th Street, plat Miami North Lots 20–24 less street Block 17, classified Tourist Attraction / Exhibit : Entertainment with a 25,000 sq ft building on 31,050 sq ft, zoned Urban Core 60 Storey, assessed values for 2024–2026 and the recorded sale history, and the absence of any condominium declaration or residential folio — was retrieved directly from the Miami-Dade County Property Appraiser. Storeys, residence count, unit types, pricing, developer partners, architect, sales brokerage, amenities, branding terms, launch timing and the 2030 completion target come from Bisnow (19 May 2026), The Real Deal (19 May 2026), PROFILEmiami (19 May 2026) and Florida YIMBY (20 May 2026), each cited below. ⚠️ Both 1018 North Miami Avenue and 31 NW 10th Street are reported as the address; the county records the site as an assemblage, so both describe it. 🔴 Short-term-rental descriptions are the developer’s marketed model as reported in the trade press — not legal advice and not a representation of what any owner will be permitted to do. No construction loan has been reported in the four outlets searched; the South Florida Business Journal blocks our requests and was not searched. No county price evidence exists for this project and none will until well after delivery. Re-check on demolition, financing and groundbreaking.
Palm Tree Residences Miami — Frequently Asked Questions
What is Palm Tree Residences Miami?
A 37-storey, 483-residence condominium planned for Park West in Downtown Miami, branded by Palm Tree Crew — the entertainment and hospitality company co-founded by Kygo. It is the brand’s first residential project anywhere. Developers are Property Markets Group, Lion Development Group, EDEN Residential and Sterling Equities, with architecture and interiors by Kobi Karp.
Where exactly is it?
1018 North Miami Avenue / 31 NW 10th Street, Miami, FL 33136, in Park West. Both addresses appear in the trade press and both are correct — the county records the site as Lots 20 through 24 of Block 17, an assemblage of 31,050 square feet.
How much do residences cost?
On announcement in May 2026, $500,000 to $1,800,000, for fully furnished homes from junior suites to three bedrooms. Sales launched in the first week of June 2026 through PMG Residential, timed ahead of the FIFA World Cup matches in Miami.
When will it be finished?
The target is 2030. ⚠️ It was announced in May 2026, has not broken ground, and the site still carries a 25,000 sq ft building that must be demolished. No construction loan has been reported in The Real Deal, Florida YIMBY, PROFILEmiami or Bisnow — that is normal at this stage and it is the next milestone to watch.
Can I rent my unit out short term?
The trade press reports the residences as short-term-rental friendly. 🔴 That is the developer’s marketed model, not a permission granted to you. Three layers decide it: Florida’s state preemption (with ordinances predating 1 June 2011 grandfathered), the City of Miami’s zoning plus a Certificate of Use and Business Tax Receipt, and the condominium’s own recorded declaration, which binds you personally and does not exist yet. Get all three in writing before relying on rental income.
How does it relate to the E11EVEN towers?
They share a developer and a neighbourhood. Property Markets Group is a partner in all three. E11EVEN Hotel & Residences (456 homes) delivered in June 2026 and E11EVEN Residences Beyond (550 homes) targets 2027, both on Block 18; Palm Tree Residences (483 homes) is on Block 17, next door, targeting 2030. That is 1,489 club-branded residences on two adjacent blocks.
Are there county records or comparables for this building?
No. There is no condominium declaration and no residential folio, because nothing has been built. The county currently records the site as a 25,000 square foot entertainment building assessed at $12,513,600 for 2026. No county price evidence will exist for individual homes until well after delivery.
Sources and further reading
- Miami-Dade County Property Appraiser — Property Search (folio 01-0101-070-1120, 31 NW 10 Street: land-use classification, building area, lot size, zoning, plat and block, 2024–2026 assessed values, recorded sale history, and the absence of any condominium declaration; retrieved 26 August 2026)miamidade.gov
- Kygo’s Music Festival Company Latest Brand To Adorn Miami Condos — Bisnow, 19 May 2026 (31 NW 10th Street, 37 storeys, 483 condos, $500K–$1.8M, developer partners including Sterling Equities, Kobi Karp, amenity list, June 2026 sales launch, 2030 completion, short-term-rental description, Myles Shear quote)bisnow.com
- Palm Tree Residences Miami Announced For Downtown Miami’s Park West District — Florida YIMBY, 20 May 2026 (1018 North Miami Avenue, 37 storeys, 483 fully furnished residences, junior suites to three bedrooms, Kobi Karp interiors and Italkraft kitchens, three-level amenity collection, PMG Residential exclusive sales, 2030 completion)floridayimby.com
- PMG, partners launch Palm Tree-branded Miami condo project — The Real Deal, 19 May 2026therealdeal.com
- PMG, EDEN Residential, Lion Development Group, Sterling Equities and Palm Tree Crew Reveal the First-Ever Palm Tree Residences Miami — PROFILEmiami, 19 May 2026profilemiamire.com
Thinking about Palm Tree Residences?
It is four years out, on a site that still has a building on it, in a block where one developer is putting up 1,489 branded homes. There are good reasons to buy early here and there are questions worth asking first. Let me go through them with you.
ASK JOSH ABOUT PALM TREE RESIDENCES
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