Frida Kahlo Wynwood Residences is the world’s first Frida Kahlo-branded luxury condominium development. It offers 244 fully furnished residences for sale in Miami’s Wynwood Arts District, priced from $500,000. Units range from studios to three-bedroom penthouses. The development is located at 119 NW 29th Street, Miami, FL33127. It is developed by Property Markets Group (PMG) and LNDMRK Development, designed by world-renowned architect Carlos Ott, and officially licensed by the Frida Kahlo Corporation.
This is a pre-construction development currently in the sales phase. Groundbreaking is scheduled for Fall 2026. Completion is estimated for 2029. All residences are delivered fully finished and fully furnished. Short-term rentals are permitted. On-site Baker Health concierge medical care is included for all owners in year one. Buying a residence at Frida Kahlo Wynwood means acquiring a verified asset in one of Miami’s most culturally significant and highest-demand neighborhoods at pre-construction pricing, with a structured deposit schedule, and with the architectural and brand authority of one of the most recognizable names in global art history.
Property Name: Frida Kahlo Wynwood Residences
Address: 119 NW 29th Street, Miami, FL 33127
Sales Gallery: 1018 N Miami Ave, Miami, FL 33136
Total Units: 244 Residences
Unit Types: Studio, 1BR, 2BR, 3BR, Penthouse
Size Range: 400 – 1,170sq ft
Starting Price: $500,000s
Price Range: $500,000 – $1,600,000+
Developer: PMG & LNDMRK Development
Architect: Carlos Ott & CUBE3
Interiors: Cotofana Designs
Healthcare: Baker Health (First Florida Location)
Groundbreaking: Fall 2026 (Q3 2026)
Estimated Completion: 2029
Short-Term Rentals: Permitted
Furnishing: Fully Finished & Furnished
Step 1 - Schedule a Sales Consultation
Contact Black Luxury Realty for exclusive buyer representation services and to schedule a private consultation at the experiential sales gallery, located at 1018 N Miami Ave, Miami, FL 33136. During this consultation, you will experience the property virtually and learn more about the available floor plans, unit sizes (400–1,170sq ft), tower positions (8-story North Tower or 14-story South Tower), current pricing by unit type, and views. You will also receive the official fact sheet and brochure. This consultation is complimentary. There is no obligation to purchase. International buyers may schedule virtual consultations by phone or video call.
Step 2 - Select Your Unit and Sign a Reservation Agreement
Once you have chosen your preferred unit type, floor, and tower, you sign a Reservation Agreement to secure your selected residence. Under Florida law, the Reservation Agreement is generally non-binding at this stage. A reservation deposit is typically required to hold the unit. This deposit secures your position in the sales queue and guarantees your selected floor plan. At this stage, you retain full flexibility to cancel without penalty. The Reservation Agreement gives you priority access before units are released to the general market.
Step 3 - Execute the Purchase Contract and Review Condominium Documents
After the developer has received State of Florida condominium approval, you will be issued the formal Purchase Agreement and the full set of condominium documents (Declaration of Condominium, By-Laws, Rules and Regulations) as required by Florida Statutes Section 718.503. Under Florida law, you have a 15-day cancellation window from the date you receive these documents. We recommend retaining a qualified Florida real estate attorney to review the contract, escrow terms, assignment provisions, and closing milestone conditions before signing. After the 15-day window closes, the contract becomes binding.
Step 4 - Fund the Staged Deposit Schedule
Frida Kahlo Wynwood Residences uses a four-installment deposit structure totaling 40% ofthe purchase price before closing.
The schedule is as follows: 10% due at contract signing, 10% due five months after contract signing, 10% due at groundbreaking (Q3 2026), 10% due twelve months after groundbreaking. All deposits are handled in compliance with Florida’s Condominium Act escrow requirements. The remaining 60% balance is due at closing, estimated for Q2/Q3 2028 – 2029. Buyers planning to finance the closing balance should engage a lender early. Most pre-construction contracts are cash contracts for the deposit phase, but conventional mortgage financing is available at closing. Your lender will require a condo association review prior to approval, begin this process no later than six months before your estimated closing date.
Step 5 - Close on Your Residence and Receive Your Keys
When construction is complete and the building receives its Certificate of Occupancy (CO) from Miami-Dade County, PMG Residential will issue a formal Closing Notice. Closing typically occurs within 30 days of notice. At closing, you will pay the remaining 60%balance, closing costs and receive your executed deed. Before closing, you will complete a final walkthrough to inspect your unit and document any punch-list items for the developer to address. Once closing is complete, your residence is yours. Short-term rental operations may begin immediately upon taking ownership.
Luxury real estate investors seeking short-term rental income - STR is explicitly permitted. All units are delivered fully furnished. Wynwood is Miami’s highest-density arts tourism district, generating strong year-round demand for short-term accommodation. No additional furnishing investment is required before listing.
Pre-construction buyers seeking below-market entry pricing - Early buyers secure pricing from the $500,000s in a neighborhood where comparable new construction is expected to exceed this range significantly by the 2029 delivery date. A 40% staged deposit structure provides capital efficiency compared to a full cash purchase.
International buyers and wealth-migration clients - Miami’s Wynwood Arts District is one of the most internationally recognized neighborhoods in the United States. Frida Kahlo’s brand carries specific recognition across Latin America, Europe, and Asia. PMG Residential supports international buyers with virtual consultations, multi-currency deposit guidance, and closing coordination.
Primary-residence buyers prioritizing wellness and healthcare access - Baker Health’s first Florida concierge medical center is located on the ground floor of the building. Every owner receives a complimentary one-year Baker Health membership covering 24/7 physician access, same-day appointments, in-residence care, mental health support, nutrition counseling, and wellness programming. This is a unique benefit not offered at any comparable Wynwood development.
Professionals and remote workers who need a dedicated workspace - Select residences include deeded private office suites with lockable glass-encased offices, conference room access, a reception desk, and a coffee station. These are ownership-grade, titled workspaces not shared coworking amenities representing a rare differentiator in Miami’s residential market.
Art collectors and culture-driven buyers - Frida Kahlo Wynwood Residences is officially licensed by the Frida Kahlo Corporation. The building features a curated collection of custom art installations paying homage to Wynwood’s artistic heritage. Residents live within walking distance of the Wynwood Walls, Museum of Graffiti, and The Margulies Collection at the Warehouse.
Buyers seeking a branded, prestige asset in a high-visibility development - Frida Kahlo Wynwood Residences is the world’s only residential development bearing the officially licensed Frida Kahlo brand. The development has been covered by The Real Deal, BizJournals, Axios, MultiHousing News, South Florida Agent Magazine, Haute Residence, and Florida YIMBY. Brand-associated developments in Miami including Waldorf Astoria, Fendi Casa, and Pagani Residences have demonstrated strong value appreciation relative to unbranded comparable inventory.
1031 Exchange buyers and portfolio-diversification investors - Pre-construction purchases structured through an LLC or corporation are permitted under Florida law. The deposit schedule provides defined capital deployment timing. A 2029delivery date allows structured acquisition planning for buyers managing exchange timelines or portfolio rebalancing
You begin by contacting the PMG Residential sales team to schedule a private consultation at the sales gallery (1018 N Miami Ave, Miami, FL 33136), where you select a unit, sign a Reservation Agreement, and then execute a formal Purchase Contract once the developer receives Florida condominium approval.
After contract execution, you fund a four-installment deposit schedule totaling 40% of the purchase price (10% at signing, 10% at five months, 10% at groundbreaking Q3 2026, 10% twelve months after groundbreaking).
The remaining 60% balance is due at closing in 2028–2029,when the building receives its Certificate of Occupancy from Miami-Dade County. If you are working with an independent buyer's agent, agent fees are paid by the developer.
Yes, international buyers can purchase residences at Frida Kahlo Wynwood Residences without restriction. Purchases can be made in the name of an individual, a trust, or a corporate entity including many foreign corporations and LLCs. PMG Residential supports international buyers with virtual consultations by phone or video call. Deposits may be wired from international bank accounts in accordance with standard US title company wire procedures. International buyers are encouraged to consult a Florida real estate attorney regarding FIRPTA withholding obligations at closing.
Pre-construction purchases in Miami’s Wynwood Arts District have historically delivered strong appreciation between contract date and delivery, making early-stage entry a documented investment strategy.
Frida Kahlo Wynwood Residences offers several compounding investment factors:
(1) Pre-construction pricing from the $500,000s in a neighborhood where comparable luxury supply is limited;
(2) Short-term rental flexibility with a fully furnished, turnkey product;
(3) Official brand licensing from the Frida Kahlo Corporation, which adds prestige-asset status comparable to other branded residences in Miami that have outperformed unbranded inventory;
(4) Developer PMG’s track record includes the Waldorf Astoria Residences Miami and Echo Brickell, both of which delivered on promises to buyers.
As with all real estate investments, values are not guaranteed and market conditions vary.
Closing costs for a pre-construction condo purchase in Miami typically total 3–5% of the purchase price above the deposit, and include a developer fee of approximately 1.5 – 2.7%, title insurance, association reserve contribution (typically two months of HOA fees), and one month of HOA fees prepaid at closing. If financing the closing balance, additional lender fees apply including origination fees, lender title insurance, and appraisal. For a $685,000 one-bedroom residence at Frida Kahlo Wynwood, estimated closing costs would range from approximately $20,550 to $34,250 above the 40% deposit, depending on financing structure. Buyers should request an itemized closing cost estimate from the developer’s title company in advance of closing.
During the Reservation Agreement phase, cancellation is generally permitted without penalty and the reservation deposit is typically refundable. Once you have signed the formal Purchase Contract and received the Florida condominium documents, Florida law provides a 15-day rescission window during which you may cancel for any reason and receive a full refund of deposits.
After the 15-day window closes, the contract becomes binding. Cancellation after that point may result in forfeiture of some or all deposits, depending on the specific contract terms. If circumstances change after signing, consult a qualified Florida real estate attorney, who will review the condo documents for any material amendments, construction timeline deviations, or specification changes that may provide legal grounds for rescission.
We recommend all buyers engage independent legal counsel before executing any purchase contract.
Fully finished and furnished residence (move-in or rental-ready at closing)
One-year complimentary Baker Health concierge medical membership (value:~$3,000–$5,000/year)
Access to all building amenities: resort pool, thermal circuit, fitness studio,speakeasy bar, art installations
Short-term rental flexibilitywith no additional approval required
Curated art installations throughout common areas
Smart building technology throughout the building
Deeded office suite available with select residences
The Frida Kahlo Wynwood Residences sales gallery is located at 1018 N Miami Ave, Miami, FL 33136. Availability is limited across studios, one-bedroom, two-bedroom, three-bedroom residences, and penthouses. Groundbreaking is scheduled for Fall 2026.
Contact us today to request floor plans, pricing, and deposit information.
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