Alhambra Parc
Pre-construction condos in Coral Gables, Miami. Expected delivery 2028. Developed by MG Developer + Vertical Developments.
Alhambra Parc at a glance
| Address | 33 Alhambra Cir |
|---|---|
| Neighborhood | Coral Gables |
| Developer | MG Developer + Vertical Developments |
| Units | 74 |
| Floors | 11 |
| Expected delivery | 2028 |
| Priced from | $1.1M |
| Deposit schedule | 10% reservation / 10% contract / 10% groundbreaking / 10% top-off / 60% closing |
| Status | Selling, $100M construction loan Jun 2026 |
Fields left out are ones I could not verify. A range means sources disagree. I do not publish a number I cannot show you the source for.
What the deposit schedule actually asks of you
10% reservation / 10% contract / 10% groundbreaking / 10% top-off / 60% closing
The common Miami pattern is 20 percent at contract, 10 percent at groundbreaking, 10 percent at top-off and the balance at closing. Compare where this one front-loads or spreads out, because two projects at the same price can ask for very different cash over the same three years. The schedule in the purchase agreement governs, not the marketing sheet.
How Miami deposit schedules work and the contract clauses worth arguing about.
How Alhambra Parc compares in Coral Gables
Every other condo project selling off plan in Coral Gables right now, so you can see where this one sits rather than looking at it alone.
| Project | Units / Floors | Delivery | From | Deposit at contract |
|---|---|---|---|---|
| Alhambra Parc (this project) | 74 / 11 | 2028 | $1.1M | 10% reservation / 10% contract / 10% groundbreaking / 10% top-off / 60% closing |
| CORA Merrick Park | 74 / 12-13 | 2028 | $900Ks | not published |
| Cassia - The Residences at Coral Gables | 174 / 12 | 2027 | $800Ks | 10% contract / 10% at 60 days / 10% at 120 days / 60% closing |
| Ponce Park Residences | 58 / 11 | Early 2028 | $2,455,000 | 5% reservation / 15% contract / 10% groundbreaking / 10% top-off / 60% closing |
| Seventeen Gables | 117 / 8 | 2028 | $634,900 | 10% contract / 10% at 90 days / 10% at 180 days / 10% top-off / balance closing |
| The Avenue Coral Gables Hotel & Residences | 48-54 / 8-12 | not published | ||
| The George Residences | 13 / 3 | Q2 2027 | $6,275,000 | not published |
Questions buyers ask about Alhambra Parc
What is the deposit schedule at Alhambra Parc?
As published: 10% reservation / 10% contract / 10% groundbreaking / 10% top-off / 60% closing. Deposit terms live in the purchase agreement rather than in marketing material, so confirm this against the contract before you rely on it.
When is Alhambra Parc expected to be delivered?
Currently 2028. Pre-construction delivery dates move, and the contract governs what happens if they do.
Who is developing Alhambra Parc?
The developer is MG Developer + Vertical Developments. A developer's track record on delivery matters as much as the building itself, and it is worth asking what else they have completed in Miami and when.
How big is Alhambra Parc?
Alhambra Parc is planned at 74 units across 11 floors. Where a figure shows a range, sources disagree and I have not been able to confirm which is current.
Can a non-resident or foreign national buy at Alhambra Parc?
Yes. There is no citizenship or residency requirement to own Florida real estate. What differs is the paperwork - financing terms for foreign nationals, tax identification, and the withholding rules that apply when you eventually sell.
Keep looking
Condos for sale and rent in Coral Gables · Every Miami pre-construction condo · Pre-construction vs resale · Financing options
Thinking about Alhambra Parc?
I represent buyers on pre-construction directly. Tell me what you are after and I will tell you honestly whether this one fits.
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