Palma Miami Beach Residences is the project that proves North Beach's luxury wave isn't a fluke — it's a strategy. The 14-story tower at 600 71st Street is developer Lefferts' third North Beach condominium, following the sold-out success of 72 Park across the neighborhood. Designed by national architecture firm Built Form with interiors by Studio Ramirez, Palma delivers 126 fully finished and furnished condominiums — one- and two-bedroom plans from 405 to 1,342 square feet, including seven penthouses — with no rental restrictions, LEED Gold certification, and completion expected in late 2027 after a December 2025 groundbreaking.
The formula is the one Lefferts has refined across its NoBe portfolio: boutique scale, turnkey delivery, and flexible ownership that lets buyers live in the residence, rent it long-term, or list it for short-term stays. Residences feature 9- to 10-foot ceilings, floor-to-ceiling sliding glass doors, private balconies, European cabinetry, Bosch appliances, and stone countertops. The third-floor amenity deck holds a resort-style pool with private daybeds and cabanas, an outdoor summer kitchen with bar, a resident lounge, a Technogym fitness center, and wellness hot and cold plunge pools — plus 8,500 square feet of ground-floor retail. Pricing starts in the $650,000s, and the building was already about 50% sold at groundbreaking.
Palma Miami Beach Residences Frequently Asked Questions
❯ Can I rent my Palma residence short-term?
Yes. Palma Miami Beach Residences imposes no minimum rental restrictions — owners may occupy the residence, rent it long-term, or offer short-term stays. That flexibility, combined with the fully furnished turnkey delivery, is why the building has drawn both end users and investors; it was roughly 50% sold at its December 2025 groundbreaking.
❯ What does the furnished package include?
All 126 residences at Palma Miami Beach Residences are delivered fully finished and furnished: designer furniture, European cabinetry, Bosch appliances, stone countertops and backsplashes, frameless glass showers, premium European-style fixtures, and private balconies. The Studio Ramirez interiors pay homage to South Florida's tropical landscape with a glamorous, refined palette — ready for move-in or immediate rental listing.
❯ What does LEED Gold certification mean for owners?
Palma Miami Beach Residences is designed as a LEED Gold-certified smart building with high-speed fiber-optic internet, advanced building systems, and efficient envelopes. For owners, that translates to lower operating costs, healthier indoor environments, and a building positioned to hold value as energy standards tighten — a meaningful differentiator among North Beach's new construction.
❯ What's the track record of the developer in this neighborhood?
Lefferts, the developer behind Palma Miami Beach Residences founded in New York City and active in South Florida since 2019, has made North Beach its signature market: 72 Park (completed and sold out), Palma, and the upcoming 72 Carlyle — four planned projects totaling a multi-hundred-million-dollar commitment to the blocks south of Surfside. Founder Mendy Chudaitov has said the firm recognized NoBe's potential years before the current wave.
❯ How walkable is the location?
Palma Miami Beach Residences sits at 600 71st Street, about four blocks from the beach in North Beach's most pedestrian-friendly pocket — near the Miami Beach Bandshell, North Shore Park, and the 71st Street retail corridor. The building's own 8,500 square feet of curated ground-floor retail adds to the walkable fabric the neighborhood is rapidly building.
❯ When will Palma be finished?
Ground broke for Palma Miami Beach Residences on December 16, 2025, and completion is expected in late 2027. The original early-2026 target from the project's 2024 launch materials was superseded by the construction schedule; the current late-2027 delivery reflects the actual build timeline now underway.
Key Facts
- Address: 600 71st Street, Miami Beach, FL 33141
- Neighborhood: North Beach, Miami Beach
- Developer: Lefferts (third North Beach project, after 72 Park)
- Design: Built Form (architecture), Studio Ramirez (interiors)
- Scale: 14 stories; 126 fully furnished residences including 7 penthouses; LEED Gold
- Layouts: 1–2 bedrooms, 405–1,342 sq ft, 9–10 ft ceilings, private balconies
- Rental policy: No rental restrictions — short-term rentals permitted
- Completion: Late 2027 (groundbreaking December 2025; ~50% sold at groundbreaking)
- Pricing: From the $650,000s
Furnished, Flexible, No Rental Restrictions at Palma Miami Beach Residences
Palma's ownership model is the throughline of Lefferts' North Beach playbook: sell a finished, furnished product with no strings on how the owner uses it. In a market where older Miami Beach buildings face spiraling assessment costs and strict rental rules, a new LEED Gold tower that welcomes both residents and investors is engineered for the way people actually buy beach property in 2026 — as a home, an income asset, or both.
North Beach's Moment, Palma Miami Beach Residences' Backdrop
Four blocks from the sand, the 71st Street corridor is becoming the neighborhood's cultural spine — the Bandshell's concert calendar, the park, the independent restaurants filling in around the new towers. Palma's bet is that buyers will trade direct oceanfront for a real neighborhood: walkable streets, retail at the base of the building, and a beach that's a short stroll rather than an elevator ride away.
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