Feb 26, 2026

OKO Group and Cain Deliver $17.75M Penthouses at Una Residences, Brickell’s First Waterfront Condo Tower in Over a Decade

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OKO Group and Cain Deliver $17.75M Penthouses at Una Residences, Brickell’s First Waterfront Condo Tower in Over a Decade

Traded Media

Key Points

OKO Group and Cain have secured TCO for Una Residences at 175 SE 25th Road, launching closings on the 47-story tower
90 percent of the 129 units sold pre-completion, including two $17.75M penthouses
South Florida logged the second-highest number of $10M plus sales on record in 2025

Brickell’s Waterfront Supply Drought Ends

Miami’s skyline just added a major trophy asset. OKO Group and Cain have officially received a Temporary Certificate of Occupancy for Una Residences, marking Brickell’s first waterfront condominium delivery in more than a decade. The 47-story tower, designed by Adrian Smith + Gordon Gill, brings 129 ultra-luxury residences to South Brickell’s shoreline. Unit closings are now underway. For investors and brokers, this is a signal. Trophy waterfront inventory remains scarce, and demand at the top of the market is holding firm.

Sales Velocity Signals Strength

More than 90 percent of Una’s units were sold before completion. That includes two tri-level penthouses that traded at $17.75 million each, ranking among the highest condo sales ever recorded in the Brickell submarket. Remaining inventory ranges from $6.2 million to $10.8 million. According to MIAMI Realtors, South Florida recorded the second-most $10 million-plus home sales in history in 2025. That macro backdrop explains Una’s absorption pace. High-net-worth domestic and international buyers continue targeting Miami’s urban core for lifestyle, tax positioning, and long-term value preservation.

Product Built for the Ultra Luxury Buyer

Residences range from two to five bedrooms, spanning roughly 1,100 to 4,786 square feet. The two penthouses stretch over 7,000 square feet of interior space with nearly 3,000 square feet of outdoor terraces. Amenities include three pools, a spa, a fitness center, a yoga studio, a media lounge, children’s play areas, and daily house car service. The design leans into yacht-inspired architecture with sweeping views of the Atlantic, Key Biscayne, and Downtown Miami. For developers, boutique scale plus waterfront positioning equals pricing power.

Part of a Bigger Institutional Play

Una is not a one-off project. OKO Group and Cain recently delivered the fully leased 830 Brickell office tower, reinforcing Brickell’s appeal across asset classes. Nationally, the partnership is also advancing One Beverly Hills, a 17.5-acre mixed-use development anchored by Aman Beverly Hills. That cross-market pipeline signals institutional confidence in luxury-branded real estate.

What It Means for Investors

Brickell had not seen a new waterfront condo tower delivered in over 10 years. That supply gap created pent-up demand at the top of the market. With 90 percent of units absorbed pre-completion and eight-figure penthouse trades closing, Una reinforces a clear thesis. Trophy waterfront in Miami remains a global asset class. For landlords, developers, and capital markets players, the takeaway is simple. Ultra luxury velocity in South Florida is not slowing.

#Florida #Sale #Residential #Mixed Use

Published: Feb 26, 2026Last updated: February 26, 2026