Nexo Residences Tops Off on North Miami Beach, Changing Short-Term Rental Game

Key Points:

• Construction Milestone: Nexo Residences has officially topped off at 16 stories, marking significant progress toward its anticipated 2026 completion.

• Strong Sales Performance: The development has achieved 90% in pre-sales, with units starting from the $599,000s, attracting buyers from over 25 countries.

• Flexible Ownership Model: Designed for short-term rentals, Nexo offers fully furnished units with no leasing restrictions, catering to modern, hybrid lifestyles.

Nexo Residences, a pioneering short-term rental condominium in North Miami Beach, has reached a key milestone by topping off at 16 stories. This innovative development is redefining condo ownership with its short-term rental-friendly model and international sales appeal.

Breaking Ground, Breaking Molds

• Located at 13899 Biscayne Boulevard, Nexo is being developed by a joint venture between Fortune International Group and Blue Road.

• The 254-unit building includes fully furnished residences ranging from studios to four-bedroom townhomes.

• Unlike traditional condos, Nexo allows for daily, weekly, or monthly rentals, offering owners complete freedom to lease as they choose.

• The building will feature a suite of modern amenities, including a two-story lobby, resort-style pool, co-working spaces, a gym, and electric vehicle charging stations.

• Completion is slated for 2026, with construction now shifting focus to interior and amenity buildouts.

Why Nexo’s model is drawing international buyers and local investor buzz.

• Pre-sales have hit 90%, a strong signal of market appetite, especially among international buyers from Latin America, Europe, and Canada.

• Prices start from the high $500,000s, making it a relatively affordable entry point into Miami’s hot short-term rental market.

• This model appeals to investors looking to capitalize on South Florida’s tourism economy without the headaches of traditional property management.

• The hands-off management style and built-in flexibility also cater to digital nomads and seasonal residents, a growing demographic in the region.

The Bigger Picture: A Sign of the Times

Nexo Residences isn’t just another condo project—it’s a marker of shifting lifestyles and the growing investor appetite for short-term rental-ready units. With its topping-off, Nexo underscores how real estate in South Florida is evolving to meet the demands of a more flexible, globalized market.