MARKET REPORT: Annual 2022

MARKET REPORT ANNUAL 2022

LOCAL EXPERTISE WITH A GLOBAL PERSPECTIVE I’m thrilled to share our annual market report for 2022, offering meaningful insights about the state of the market, comparisons to 2021, and indicators of what we can look forward to in 2023. Florida continued to lead the US residential real estate market, with strong demand and pricing offsetting headwinds from rising interest rates and a shifting global economic landscape. Our state is growing both economically and demographically, which has resulted in record-high prices for single-family homes and condos.

Despite the expectation that rates will fluctuate in 2023, all the data we have points to resiliency in buyer demand and limited supply in Florida, which is a recipe for pricing to remain strong. As our market remains the focus of global attention, I look forward to what we will achieve together in 2023.

Alena Graff +1 (305) 775-5587 Hello@AlenaGraff.com www.alenagraff.com Global Real Estate Advisor ONE Sotheby's International Realty

Data is sourced from local Multiple Listing Service (MLS) organizations. Written analysis created in partnership with the Rosen Consulting Group, a nationally recognized consulting firm and trusted advisor to top public and private real estate operators and capital providers.

SINGLE-FAMILY HOMES

Miami-Dade County TIGHT MARKET AND FEWER SALES Sales dropped by the second-lowest amount in the region. Though inventory increased, the market remains tight.

AVERAGE SALES PRICE

DAYS ON MARKET

SINGLE-FAMILY HOMES

Miami-Dade County SALES BY NEIGHBORHOOD AVG SALES PRICE

PRICE PER SF

2022

2021

MIAMI-DADE COUNTY

$990,951

AVENTURA

$2,792,577

BAL HARBOUR

CLOSED TRANSACTIONS

DAYS ON MARKET

YOY% CHANGE

2022

YOY% CHANGE

$420

13%

11,605

-22%

$668

50%

26

-60%

71

407%

$3,431

241%

3

-70%

423

YOY% CHANGE

2022

$1,003,510

-1%

$1,466,474

90%

$24,776,300

$4,883,750

2022 41

BAY HARBOR ISLANDS

$4,535,824

$3,668,065

24%

$1,275

57%

17

-45%

70

COCONUT GROVE

$2,520,955

$1,978,334

27%

$1,141

73%

22

-73%

42

CORAL GABLES

$2,810,604

$2,186,848

29%

$829

36%

416

-46%

48

FISHER ISLAND

N/A

N/A

N/A

N/A

N/A

-

N/A

N/A

GOLDEN BEACH

$9,571,000

$6,427,186

49%

$1,852

59%

10

-64%

236

INDIAN CREEK

N/A

$25,216,667

N/A

N/A

N/A

-

N/A

N/A

KEY BISCAYNE

$5,181,788

$4,137,709

25%

$1,358

26%

57

-54%

117

$756,567

$724,378

4%

$378

17%

5,497

-17%

40

MIAMI BEACH

$5,470,225

$4,926,000

11%

$1,351

27%

240

-55%

80

MIAMI SHORES

$1,334,629

$1,056,824

26%

$631

34%

153

-33%

35 36

MIAMI

NORTH BAY VILLAGE

$1,836,149

$1,562,626

18%

$812

38%

26

-38%

PINECREST

$2,991,252

$2,166,066

38%

$700

40%

195

-47%

52

SOUTH MIAMI

$1,479,260

$1,154,829

28%

$624

36%

102

-34%

43

SUNNY ISLES BEACH

$1,924,091

$2,222,087

-13%

$1,036

5%

11

-63%

94

SURFSIDE

$2,347,652

$1,420,218

65%

$1,036

65%

46

-47%

36

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

YOY% CHANGE

6%

$300

16%

4,608

-38%

36

$680,917

-2%

$358

9%

4,776

6%

38

$1,989,594

$2,032,730

-2%

$692

13%

1,981

-21%

53

$10,399,878

$11,110,381

-6%

$1,796

7%

240

-31%

115

2021

<$500,000

$403,633

$381,185

$500,000-$999,999

$670,580

$1MM-$4.99MM >$5MM

SOLD ABOVE LISTED PRICE

ABOVE LISTING PRICE

DAYS ON MARKET

2022

2022

DEC 2021

CLOSED TRANSACTIONS

YOY% CHANGE

2022

YOY% CHANGE

2022

AVAILABLE LISTINGS

DEC 2022

AT LISTING PRICE OR LOWER

↓ 4%

CONDOMINIUMS

Miami-Dade County CONDOS SELLING FASTER THAN 2021 The average time on the market for units sold in 2022 fell substantially. During the year, roughly 20% of condos sold for more than the list price.

AVERAGE SALES PRICE

DAYS ON MARKET

CONDOMINIUMS

Miami-Dade County SALES BY NEIGHBORHOOD AVG SALES PRICE

PRICE PER SF

YOY% CHANGE

2022

YOY% CHANGE

10%

$471

19%

18,082

-18%

22%

$368

26%

1,420

-24%

73

34%

$1,066

27%

169

-31%

145

25%

$473

27%

172

-27%

82

29%

$608

31%

2,236

-21%

79 75

2021

YOY% CHANGE

MIAMI-DADE COUNTY

$678,657

$616,706

AVENTURA

$642,478

$527,131

$2,449,816

$1,823,639

BAY HARBOR ISLANDS

$672,468

$539,960

BRICKELL/DOWNTOWN MIAMI/EDGEWATER

$804,974

$626,135

COCONUT GROVE

DAYS ON MARKET

2022

2022

BAL HARBOUR

CLOSED TRANSACTIONS

2022 66

$1,262,097

$1,354,492

-7%

$719

10%

49

-33%

CORAL GABLES

$778,255

$621,984

25%

$531

29%

356

-15%

51

FISHER ISLAND

$8,640,000

$6,404,549

35%

$2,448

43%

5

-83%

31

GOLDEN BEACH

N/A

N/A

N/A

N/A

N/A

-

N/A

N/A

INDIAN CREEK

N/A

N/A

N/A

N/A

N/A

-

N/A

N/A

KEY BISCAYNE

$1,814,641

$1,344,266

35%

$929

36%

226

-50%

65

MIAMI

$462,647

$391,530

18%

$380

24%

5,247

-17%

49

MIAMI BEACH

$963,433

$1,083,041

-11%

$694

7%

2,802

-11%

90

MIAMI SHORES

$300,780

$264,691

14%

$277

23%

25

-22%

69

NORTH BAY VILLAGE

$479,843

$329,042

46%

$357

28%

229

-5%

100

PINECREST

$484,713

$303,366

60%

$348

27%

56

-43%

37

SOUTH MIAMI

$362,028

$342,730

6%

$358

19%

32

-14%

19

SUNNY ISLES BEACH

$1,331,352

$1,064,912

25%

$662

24%

1,077

-28%

96

SURFSIDE

$2,543,794

$2,068,101

23%

$1,021

14%

85

-38%

119

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

YOY% CHANGE

10%

$321

17%

11,698

-26%

54

$696,425

-1%

$559

11%

4,084

12%

73

$1,874,766

$1,903,364

-2%

$941

7%

2,071

-9%

103

$8,715,281

$8,832,446

-1%

$2,218

6%

229

-12%

178

2021

<$500,000

$306,023

$277,961

$500,000-$999,999

$688,832

$1MM-$4.99MM >$5MM

SOLD ABOVE LISTED PRICE

ABOVE LISTING PRICE

DAYS ON MARKET

2022

2022

DEC 2021

CLOSED TRANSACTIONS

YOY% CHANGE

2022

YOY% CHANGE

2022

AVAILABLE LISTINGS

DEC 2022

AT LISTING PRICE OR LOWER

↓ 1%

SINGLE-FAMILY HOMES

Broward County SALES SLOW MODESTLY While fewer homes sold in 2022, the decrease was one of the smaller drops in the region. At the same time, competition fell with less homes sold at a premium to the list price.

AVERAGE SALES PRICE

DAYS ON MARKET

SINGLE-FAMILY HOMES

Broward County SALES BY NEIGHBORHOOD AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

2022

2021

YOY% CHANGE

2022

YOY% CHANGE

2022

YOY% CHANGE

BROWARD COUNTY

$361,515

$297,495

22%

$269

25%

16,750

-17%

DAYS ON MARKET

2022 43

COOPER CITY

$402,285

$335,443

20%

$285

20%

67

-36%

17

CORAL SPRINGS

$247,635

$199,267

24%

$208

26%

608

-10%

27

DAVIE

$286,066

$240,134

19%

$221

23%

497

-30%

25

DEERFIELD BEACH

$229,862

$194,074

18%

$195

24%

1,161

-7%

32

FORT LAUDERDALE

$777,857

$557,541

40%

$471

38%

2,390

-26%

69

HALLANDALE

$376,174

$305,059

23%

$314

24%

1,214

-18%

63

HILLSBORO BEACH

$794,835

$628,071

27%

$482

35%

91

-41%

60

HOLLYWOOD

$453,443

$373,261

21%

$364

31%

1,423

-15%

60 44

LAUDERDALE-BY-THE-SEA

$790,774

$631,400

25%

$454

22%

203

-25%

LIGHTHOUSE POINT

$230,089

$236,831

-3%

$194

14%

120

-8%

26

MIRAMAR

$330,073

$278,420

19%

$257

23%

390

-20%

26

PARKLAND

$537,921

$415,957

29%

$313

32%

53

-37%

24

PEMBROKE PINES

$268,323

$222,962

20%

$220

22%

1,177

-14%

31 33

PLANTATION

$262,314

$222,110

18%

$205

17%

460

-28%

POMPANO BEACH

$354,864

$294,853

20%

$277

23%

1,397

-28%

N/A

N/A

N/A

N/A

N/A

-

N/A

SOUTHWEST RANCHES

31 N/A

SUNRISE

$218,362

$177,356

23%

$188

27%

988

-5%

38

WESTON

$369,064

$299,413

23%

$274

22%

249

-31%

29

WILTON MANORS

$398,659

$317,985

25%

$304

24%

162

-16%

32

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

YOY% CHANGE

6%

$287

17%

5,559

-42%

32

$671,390

2%

$336

16%

5,918

-2%

27

$1,553,991

$1,547,193

0%

$521

14%

1,735

4%

42

$5,774,785

$5,880,754

-2%

$971

7%

262

-10%

98

2021

<$500,000

$388,214

$367,513

$500,000-$999,999

$686,397

$1MM-$2.99MM >$3MM

SOLD ABOVE LISTED PRICE

ABOVE LISTING PRICE

DAYS ON MARKET

2022

2022

DEC 2021

CLOSED TRANSACTIONS

YOY% CHANGE

2022

YOY% CHANGE

2022

AVAILABLE LISTINGS

DEC 2022

AT LISTING PRICE OR LOWER

↓ 6%

SINGLE-FAMILY HOMES

Broward County SALES SLOW MODESTLY While fewer homes sold in 2022, the decrease was one of the smaller drops in the region. At the same time, competition fell with less homes sold at a premium to the list price.

AVERAGE SALES PRICE

DAYS ON MARKET

SINGLE-FAMILY HOMES

Broward County SALES BY NEIGHBORHOOD AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

2022

2021

YOY% CHANGE

2022

YOY% CHANGE

2022

YOY% CHANGE

BROWARD COUNTY

$361,515

$297,495

22%

$269

25%

16,750

-17%

COOPER CITY

$402,285

$335,443

20%

$285

20%

67

-36%

17

CORAL SPRINGS

$247,635

$199,267

24%

$208

26%

608

-10%

27

DAVIE

$286,066

$240,134

19%

$221

23%

497

-30%

25

DEERFIELD BEACH

$229,862

$194,074

18%

$195

24%

1,161

-7%

32

FORT LAUDERDALE

$777,857

$557,541

40%

$471

38%

2,390

-26%

69

HALLANDALE

$376,174

$305,059

23%

$314

24%

1,214

-18%

63

HILLSBORO BEACH

$794,835

$628,071

27%

$482

35%

91

-41%

60

HOLLYWOOD

$453,443

$373,261

21%

$364

31%

1,423

-15%

60

LAUDERDALE-BY-THE-SEA

$790,774

$631,400

25%

$454

22%

203

-25%

44

LIGHTHOUSE POINT

$230,089

$236,831

-3%

$194

14%

120

-8%

26

MIRAMAR

$330,073

$278,420

19%

$257

23%

390

-20%

26

2022 43

PARKLAND

$537,921

$415,957

29%

$313

32%

53

-37%

24

PEMBROKE PINES

$268,323

$222,962

20%

$220

22%

1,177

-14%

31 33

PLANTATION

$262,314

$222,110

18%

$205

17%

460

-28%

POMPANO BEACH

$354,864

$294,853

20%

$277

23%

1,397

-28%

N/A

N/A

N/A

N/A

N/A

-

N/A

N/A

SOUTHWEST RANCHES

31

SUNRISE

$218,362

$177,356

23%

$188

27%

988

-5%

38

WESTON

$369,064

$299,413

23%

$274

22%

249

-31%

29

WILTON MANORS

$398,659

$317,985

25%

$304

24%

162

-16%

32

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

YOY% CHANGE

6%

$287

17%

5,559

-42%

32

$671,390

2%

$336

16%

5,918

-2%

27

$1,553,991

$1,547,193

0%

$521

14%

1,735

4%

42

$5,774,785

$5,880,754

-2%

$971

7%

262

-10%

98

2021

<$500,000

$388,214

$367,513

$500,000-$999,999

$686,397

$1MM-$2.99MM >$3MM

SOLD ABOVE LISTED PRICE

ABOVE LISTING PRICE

DAYS ON MARKET

2022

2022

DEC 2021

CLOSED TRANSACTIONS

YOY% CHANGE

2022

YOY% CHANGE

2022

AVAILABLE LISTINGS

DEC 2022

AT LISTING PRICE OR LOWER

↓ 6%

CONDOMINIUMS

Broward County HIGHEST NUMBER OF TRANSACTIONS IN DECEMBER While annual sales slowed in 2022, Broward County had the most condominium sales in the region for the month of December. The number of sales priced above $3 million more than doubled in 2022.

AVERAGE SALES PRICE

DAYS ON MARKET

CONDOMINIUMS

Broward County SALES BY NEIGHBORHOOD AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

DAYS ON MARKET

2022

2021

YOY% CHANGE

2022

YOY% CHANGE

2022

BROWARD COUNTY

$361,515

$297,495

22%

$269

25%

16,750

-17%

43

COOPER CITY

$402,285

$335,443

20%

$285

20%

67

-36%

17

YOY% CHANGE

2022

CORAL SPRINGS

$247,635

$199,267

24%

$208

26%

608

-10%

27

DAVIE

$286,066

$240,134

19%

$221

23%

497

-30%

25

DEERFIELD BEACH

$229,862

$194,074

18%

$195

24%

1,161

-7%

32

FORT LAUDERDALE

$777,857

$557,541

40%

$471

38%

2,390

-26%

69

HALLANDALE

$376,174

$305,059

23%

$314

24%

1,214

-18%

63

HILLSBORO BEACH

$794,835

$628,071

27%

$482

35%

91

-41%

60

HOLLYWOOD

$453,443

$373,261

21%

$364

31%

1,423

-15%

60

LAUDERDALE-BY-THE-SEA

$790,774

$631,400

25%

$454

22%

203

-25%

44

LIGHTHOUSE POINT

$230,089

$236,831

-3%

$194

14%

120

-8%

26

MIRAMAR

$330,073

$278,420

19%

$257

23%

390

-20%

26

PARKLAND

$537,921

$415,957

29%

$313

32%

53

-37%

24

PEMBROKE PINES

$268,323

$222,962

20%

$220

22%

1,177

-14%

31

PLANTATION

$262,314

$222,110

18%

$205

17%

460

-28%

33

POMPANO BEACH

$354,864

$294,853

20%

$277

23%

1,397

-28%

N/A

N/A

N/A

N/A

N/A

-

N/A

N/A

SUNRISE

$218,362

$177,356

23%

$188

27%

988

-5%

38

WESTON

$369,064

$299,413

23%

$274

22%

249

-31%

29

WILTON MANORS

$398,659

$317,985

25%

$304

24%

162

-16%

32

SOUTHWEST RANCHES

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

YOY% CHANGE

11%

$219

17%

14,355

-21%

37

$676,609

-2%

$453

13%

1,729

16%

56

$1,636,357

$1,528,921

7%

$729

21%

551

-5%

107

$4,655,825

$3,906,832

19%

$1,660

68%

115

150%

305

2021

<$500,000

$241,479

$217,652

$500,000-$999,999

$666,212

$1MM-$2.99MM >$3MM

SOLD ABOVE LISTED PRICE

ABOVE LISTING PRICE

DAYS ON MARKET

2022

2022

DEC 2021

CLOSED TRANSACTIONS

31

YOY% CHANGE

2022

YOY% CHANGE

2022

AVAILABLE LISTINGS

DEC 2022

AT LISTING PRICE OR LOWER

↑4%

SINGLE-FAMILY HOMES

Palm Beach County PRICE LEADER The median price increase led the southeast Florida region, reaching 21% in 2022. Sales activity in the $1 million to $5 million range were on par with the previous year.

AVERAGE SALES PRICE

DAYS ON MARKET

SINGLE-FAMILY HOMES

Palm Beach County SALES BY NEIGHBORHOOD AVG SALES PRICE

PRICE PER SF

2022

2021

CLOSED TRANSACTIONS

YOY% CHANGE

2022

YOY% CHANGE

2022

YOY% CHANGE

DAYS ON MARKET

2022

PALM BEACH COUNTY

$1,039,418

$975,927

7%

$383

22%

12,839

-27%

33

BOCA RATON

$1,268,418

$1,154,664

10%

$423

24%

2,003

-31%

32

BOYNTON BEACH

$580,561

$480,170

21%

$281

26%

1,922

-10%

26

DELRAY BEACH

$1,147,650

$1,123,671

2%

$422

25%

1,144

-27%

34

HIGHLAND BEACH

$15,325,455

$9,378,513

63%

$1,628

29%

11

-50%

75

JUNO BEACH

$2,367,250

$1,485,214

59%

$781

45%

12

-57%

46

JUPITER

$1,376,586

$1,233,962

12%

$499

28%

812

-27%

32

JUPITER INLET COLONY

63

$8,786,500

$3,641,562

141%

$1,902

58%

6

-14%

LAKE PARK

$420,475

$347,821

21%

$269

30%

48

-16%

34

LAKE WORTH

$571,712

$465,574

23%

$270

23%

1,229

-28%

30 40

$901,948

$836,341

8%

$358

10%

109

-22%

NORTH PALM BEACH

LANTANA

$2,134,384

$2,643,112

-19%

$601

7%

120

-39%

38

MANALAPAN

$8,303,571

$1,150,000

-59%

$1,764

4%

7

-63%

$90

PALM BEACH

$15,407,038

$11,981,074

29%

$3,366

55%

71

-51%

74

PALM BEACH GARDENS

$1,356,055

$1,149,957

18%

$439

30%

815

-36%

35

SINGER ISLAND

$2,859,615

$1,460,787

96%

$940

75%

13

-61%

17

TEQUESTA

$1,716,623

$1,462,469

17%

$606

19%

63

-26%

33

WELLINGTON

$1,244,670

$1,058,062

18%

$405

27%

754

-33%

46

$750,552

$616,391

22%

$342

26%

1,634

-28%

36

WEST PALM BEACH

PRICE RANGE

AVG SALES PRICE

PRICE PER SF

YOY% CHANGE

5%

$246

16%

4,331

-49%

31

$678,402

2%

$326

17%

5,805

-3%

28

$1,917,032

$1,993,337

-4%

$581

11%

2,430

-4%

42

$10,974,136

$11,444,902

-4%

$1,986

25%

273

-35%

88

2021

<$500,000

$386,699

$366,542

$500,000-$999,999

$691,813

>$5MM

SOLD ABOVE LISTED PRICE

DEC 2021

ABOVE LISTING PRICE

DAYS ON MARKET

2022

2022

$1MM-$4.99MM

CLOSED TRANSACTIONS

YOY% CHANGE

2022

YOY% CHANGE

2022

AVAILABLE LISTINGS

DEC 2022

AT LISTING PRICE OR LOWER

↓ 6%

CONDOMINIUMS

Palm Beach County HIGH-PRICED CONDOS PACE COUNTY Sales of condos priced greater than $5 million increased in the last year while overall sales were lower.

The average price per square foot in the upper-price tier increased by nearly 20%.

AVERAGE SALES PRICE

DAYS ON MARKET

CONDOMINIUMS

Palm Beach County SALES BY NEIGHBORHOOD AVG SALES PRICE

PRICE PER SF

CLOSED TRANSACTIONS

2022

2021

YOY% CHANGE

2022

YOY% CHANGE

2022

YOY% CHANGE

DAYS ON MARKET

2022

PALM BEACH COUNTY

$463,267

$402,321

15%

$254

19%

12,778

-27%

32

BOCA RATON

$507,503

$489,092

4%

$273

11%

2,293

-32%

37

BOYNTON BEACH

$308,843

$224,196

38%

$180

33%

1,330

-23%

29

DELRAY BEACH

$350,778

$270,734

30%

$199

25%

1,948

-23%

29

HIGHLAND BEACH

$1,200,741

$939,501

28%

$584

29%

201

-38%

45

JUNO BEACH

$1,024,869

$675,709

52%

$574

58%

86

-48%

27

$630,134

$470,765

34%

$372

33%

662

-37%

22

JUPITER JUPITER INLET COLONY

N/A

N/A

N/A

N/A

N/A

-

N/A

N/A

LAKE PARK

$266,680

$241,612

10%

$165

-3%

66

29%

30

LAKE WORTH

$229,500

$180,934

27%

$148

25%

717

-18%

31

LANTANA

$292,502

$264,408

11%

$182

14%

112

-18%

31

NORTH PALM BEACH

$602,658

$561,877

7%

$288

6%

278

-33%

35

MANALAPAN

N/A

N/A

N/A

N/A

N/A

-

N/A

N/A

PALM BEACH

$2,159,913

$1,450,317

49%

$923

38%

297

-42%

50

PALM BEACH GARDENS

$496,885

$395,712

26%

$282

27%

619

-33%

24

SINGER ISLAND

$1,165,871

$1,129,171

3%

$560

20%

130

-52%

55

TEQUESTA

$895,825

$414,723

116%

$484

84%

80

-40%

22

WELLINGTON

$467,904

$373,985

25%

$285

30%

184

-26%

31

WEST PALM BEACH

$318,210

$290,515

10%

$184

19%

2,182

-26%

32

AVG SALES PRICE

PRICE PER SF

YOY% CHANGE

14%

$165

15%

10,102

-30%

30

$682,862

0%

$406

5%

1,769

-8%

32

$1,951,369

$1,917,017

2%

$865

14%

848

-23%

54

$7,928,626

$7,593,153

4%

$2,080

19%

59

7%

62

2021

<$500,000

$256,040

$223,737

$500,000-$999,999

$684,322

$1MM-$4.99MM >$5MM

SOLD ABOVE LISTED PRICE

ABOVE LISTING PRICE

DAYS ON MARKET

2022

2022

DEC 2021

CLOSED TRANSACTIONS

YOY% CHANGE

2022

YOY% CHANGE

2022

AVAILABLE LISTINGS

DEC 2022

AT LISTING PRICE OR LOWER

↓

PRICE RANGE

7%

To Live Exquisite is to Live Extraordinary.

Situated along the beautiful coastline of South Brickell, The St. Regis Residences, Miami epitomize elegant living. It mirrors the sensibilities of those who are driven by connoisseurship, demand excellence, respect tradition and value individuality above all else.

St. Regis represents a future propelled by a historic past. It’s a place where new generations will create lifetimes of legendary moments, in one-of-a-kind homes for individuals who perceive their personal legacies innately intertwined with the rich heritage of Miami.

Future Residences Located 1809 Brickell Avenue Miami, Florida 33129 ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. The St. Regis Residences, Miami East Tower a condominium within The St. Regis Residences, Miami (the “Condominium”) is developed by 1809 Brickell Property Owner, LLC (“Developer”) and this offering is made only by the Developer’s Prospectus for the Condominium. Sketches, renderings, or photographs depicting lifestyle, amenities, food services, club services, rental services, hosting services, finishes, designs, materials, furnishings, fixtures, appliances, cabinetry, soffits, lighting, countertops, floor plans, specifications, or art are proposed only, and the Developer reserves the right to modify, revise, or withdraw any or all of the same in its sole discretion. Pursuant to license agreements, and for so long as the license agreement governing use of a name is not terminated or expired, Developer has a right to use the trade names, marks, and logos of: (1) St Regis; (2) St. Regis Residences; (3) The Related Group; and (3) Integra Investments, LLC, each of which is a licensor and none of which is the Developer. Marriott International, Inc. is not responsible for the marketing, development, or sales of the Condominium. Consult the Developer’s Prospectus for the proposed budget, terms, conditions, specifications, fees, and Unit dimensions. The Developer is not incorporated in, located in, nor a resident of, New York. This is not intended to be an offer to sell, or solicitation of an offer to buy, condominium units in New York or to residents of New York, or of any other jurisdiction were prohibited by law. 2022 © 1809 Brickell Property Owner, LLC, with all rights reserved.

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