Villa Miami Closing Timeline
From contract signing to keys in 2027 — every milestone, what is due when, and what actually requires your attention along the way.
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The Short Answer
Villa Miami follows a 10 / 10 / 10 / 10 / 60 structure: 10% at contract, 10% at 90 days, 10% at 6 months, 10% at 12 months, and the remaining 60% plus closing costs at closing, projected for 2027. Nothing else is payable during construction.
Milestone by Milestone
- Reservation. A residence is held while the developer prepares the purchase contract. Reservation deposits are refundable until contract.
- Contract signing — 10% due. The condominium documents are delivered with the contract. This is the moment the leasing rules, HOA budget and delivery obligations become reviewable in writing.
- Statutory rescission window. Florida condominium law provides a cancellation period tied to document delivery and contract execution. Confirm the exact dates with your attorney.
- 90 days — 10% due. Second deposit call.
- 6 months — 10% due. Third deposit call. Cumulative: 30%.
- 12 months — 10% due. Fourth deposit call. Cumulative: 40%.
- Construction period. Periodic progress updates; design-selection windows where offered. No further payments.
- 6–9 months before delivery. Financing buyers formally apply, once appraisal and condominium documents are available to the lender. See financing options.
- Pre-delivery walkthrough. Inspection of the residence and punch-list items ahead of closing.
- Closing, projected 2027 — 60% plus closing costs due. Budget roughly 1.5%–2.5% of price on a cash closing; see closing costs.
Planning Liquidity Around the Schedule
On a $6M Villa Mezzo, the deposit schedule is roughly $600,000 at each of four calls — $2.4M across the construction period — with roughly $3.6M plus closing costs at delivery. On a $25M Villa Triplo penthouse, that is $2.5M per call, $10M in deposits, and roughly $15M plus closing costs at delivery. Because delivery dates in pre-construction are projections, plan the closing payment against a window rather than a fixed month.
What Actually Requires Your Attention
Two moments matter most. The first is contract, where the condominium documents, leasing article, HOA budget and ownership structure should all be reviewed with counsel — see rental policy. The second is the year before delivery, when financing, entity setup and closing liquidity need to be in place. The long middle stretch requires only meeting the deposit calls.
Next Steps
Check current availability, review the payment structure, or schedule a private tour.
This page is general information from an independent brokerage site and is not legal or tax advice. Deposit terms, rescission rights and delivery obligations are governed by the developer's purchase contract and the recorded condominium documents, which control over any summary here. Projected delivery dates may change.
Frequently Asked
What is the Villa Miami closing timeline?
Contract and first 10% deposit, then 10% at 90 days, 10% at 6 months and 10% at 12 months during construction. Delivery is projected for 2027, when the remaining 60% plus closing costs is due. The entire process from contract to keys spans roughly two to three years depending on when the contract is signed.
When is the first deposit due at Villa Miami?
10% is due at contract signing. The next 10% is due at 90 days, a further 10% at 6 months and a further 10% at 12 months — 40% committed across the construction period. Deposits are held in accordance with Florida condominium law.
When is the balance due?
The remaining 60% of purchase price, plus closing costs, is due at closing, projected for 2027. Nothing beyond the deposit schedule is payable during construction.
Is there a rescission period after signing?
Florida condominium law gives a pre-construction buyer a statutory rescission period after receiving the condominium documents and executing the contract, during which the contract can be cancelled and the deposit returned. Confirm the exact period and its start date with your closing attorney, as it depends on document delivery.
What happens between contract and closing?
Construction milestones and deposit calls, periodic construction updates, design-selection windows where offered, and — for buyers who intend to finance — lender preparation in the final six to nine months before delivery. Most of the period requires nothing from the buyer beyond meeting the deposit schedule.
Can the 2027 delivery date move?
Pre-construction delivery dates are projections and can shift with permitting, construction and inspection timing. The developer's contract governs delivery obligations and remedies. Buyers should plan closing liquidity with a window rather than a fixed date.
Ready to move forward? Book a private presentation at the Villa Miami Sales Gallery, review the floor plans, or see the current price list.
A limited collection of bayfront residences in Edgewater.
Contact us to learn more about current availability, floor plans, and pricing for specific residences at Villa Miami, 710 NE 29th Street, Edgewater.
Inquiries are handled by Kyle Gilligan. Typically a same-day response.