How Much Does it Cost to Build a Mid-Range House in Miami in 2024?
Building a mid-range home in Miami comes with specific expectations, from quality construction materials to smart technology integration.
In 2024, a typical mid-range house includes concrete masonry unit (CMU) exterior walls, a concrete slab for both the second floor and roof, expansive floor-to-ceiling windows, large-format porcelain tiles, a comprehensive smart home system, and custom cabinetry and millwork. These elements combine to create a durable, stylish, and functional residence that reflects modern living.
Cost Overview
For a home with these specifications, construction costs range between $500 and $550 per square foot. A typical mid-range home in Miami, measuring around 5,000 square feet, would therefore fall in the ballpark of $2.5 million to $2.75 million for construction alone.
Additional Costs to Consider
Beyond construction, two additional expenses are important to consider: the cost of the land and the "soft costs." The cost of land in Miami varies widely and depends on the specific location you choose, which can significantly impact the overall budget. Additionally, soft costs—typically 10% to 15% of the construction cost—cover design fees, permit expeditor fees, City and County permits, surveys, soil studies, and other essential services.
Our Approach to Cost Management
At Ginard Studio, we work closely with both the client and the contractor throughout every phase of the project to ensure cost transparency, helping prevent budget overruns and avoid any unexpected surprises. This collaborative approach keeps the project on track without compromising on quality or design.
