Located in the stylish Edgewater community of Miami, Vida Residences will be a nine-story condominium. It will have 143 condo residences overlooking Biscayne Bay and close to the many restaurants, coffee shops, museums and parks in the area.

The property will have a full array of amenities:

• 22,000 sq. ft. rooftop oasis includes tranquility pool with Jacuzzi, Bali beds, cabanas, fire pit and grilling stations
• Private rooftop restaurant/bar
• Juice and coffee bar
• State-of-the-art fitness and wellness center
• Outdoor fitness/yoga area
• 3,800 sq. ft. high tech, co-work center
• 24/7 concierge, security, valet parking

Owners will also receive paid membership for their first year in a private beach club located on Ocean Drive in the premium South 5th (Sofi) enclave.

One of the unique qualities of Vida Residences is that it will have no rental restrictions. Owners can live at Vida Residences as a permanent home or use their condo as a part-time vacation home or rental property.

Whereas most condos limit rentals to 6- or 12-month leases, Vida Residences has no restrictions. Condos can be rented out nightly. Owners can find renters on their own or use a third-party, home-sharing platform such as Airbnb, Vrbo or Booking.com.

The residences will be provided fully furnished, turnkey and ready for occupancy. They’ll offer sweeping water views of Biscayne Bay.

The condo units that come with two-, three- or four-bedrooms will have lockoffs, giving owners the option to:

• Rent the entire unit as a whole
• Rent the unit as two different living spaces
• Live in one section themself and rent the other section out
• Take the entire unit for their personal use and rent it partially or fully when they’re not there

That flexibility translates into higher occupancy rates. And it’s a way to have a luxury vacation home in Florida with rental potential to offset ownership costs.

Vida Residences will have a wonderful location in Edgewater, which is an up-and-coming area located between downtown Miami and Miami Beach. It is a vibrant community offering a true cosmopolitan lifestyle.

From Vida Residences, it’s a few minute drive to the Perez Art Museum Miami (PAMM), the Frost Science Museum, and beautiful Bayfront Park. It’s also only about a mile to Wynwood’s eclectic art-scape, the Design District’s high-end shopping, and Margaret Pace Park. And there are plenty of restaurants, bars and shops within walking distance.

Construction on Vida Residences is scheduled to begin in the first half of 2023 and to be complete toward the end of 2024. Reservations for units at pre-construction prices can be made now.

Buyers at Vida Residences can choose studios or residences with one- to four-bedrooms. The units range in size from 387 sq. ft. to 1,780 sq. ft. Prices range from $429,084 to $1,710,000 (subject to change without notice).