Surf Row Residences Reaches 50% Sold in Surfside
LD&D and ONE Capital say Surf Row Residences is 50% sold in Surfside, after the project was downsized from eight $5M-plus townhomes to 24 condos in 2024.
LD&D and ONE Capital say Surf Row Residences, the 24-unit condominium at 8800 Collins Avenue in Surfside, has sold half its inventory as vertical construction advances toward a 2027 delivery. The developers, not an independent record, are the source of the 50 percent figure.
Why it matters
The number is worth reading against the project’s history. Surf Row launched in 2022 as eight townhouses priced from more than $5 million, then LD&D relaunched it in November 2024 as 24 smaller one- to three-bedroom condos starting at $1.4 million, roughly $1,565 per square foot on the entry unit. Getting half of that repriced, downsized inventory under contract in the roughly 21 months since relaunch is the actual data point for South Florida agents and developers, not the amenity list. It shows what a boutique Surfside sponsor had to give up on price and unit size to move product in a market otherwise anchored by nine-figure trophies like Arte Surfside and Four Seasons at The Surf Club. For an agent pitching sub-$2 million entry price condos in a town known for eight-figure listings, this is a live comparable for what absorption actually looks like at that discount.
The numbers
Twelve of 24 units are under contract, according to the developers, with pricing starting at $1.4 million for one-, two- and three-bedroom layouts. The project broke ground in late 2025 and closed a $30.5 million construction loan from Maxim Capital Group in March 2026, the fourth loan the lender has closed with LD&D. ONE Sotheby’s International Realty is handling sales and marketing, and the building is targeting delivery in 2027.
What’s next
Watch whether the second half of the building sells at the same pace as the first, since a boutique 24-unit project has no room to hide a slowdown the way a 300-unit tower can. With construction financing in place and vertical work underway, the next test is whether Surf Row can close out its remaining 12 units before delivery, the point at which developers typically lose pricing leverage on unsold inventory.