The price is on the sheet. The closing costs are in the contract. At Faena Residences Miami, here is what they are made of and how to get the number before you sign.
This page is a framework. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
Most Miami pre-construction contracts add a developer or closing fee stated as a percentage of the price. It pays the developer’s closing costs, not yours. It is in the purchase agreement; the brochure never mentions it.
Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
Florida charges documentary stamp tax on the deed and, where there is a mortgage, on the note. Title insurance and settlement fees follow the price. These are not developer choices; they are the state and the title company, and they are estimable to the dollar.
Most contracts collect two or three months of association dues at closing as a working-capital contribution, plus the first month. A brand or club fee may be collected too. Faena Residences Miami: Faena. The amenity program is as the dossier records.
Ask the desk for a closing-cost estimate on a specific unit at a specific price: developer fee, stamps, title, working capital, first dues. It is a one-page number and the desk prepares it from the contract.
The price is the beginning of the price.
Developer materials for Faena Residences Miami as carried on the live dossier, verified September 2026. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.
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We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
Samuel Strauch is the owner of Metrik Real Estate. His team of agents represents buyers in Miami pre-construction.
A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.
