Ponce Park Residences
Pre-construction condos in Coral Gables, Miami. Expected delivery Early 2028. Developed by The Allen Morris Company.
Ponce Park Residences at a glance
| Address | 3000 Ponce de Leon Blvd |
|---|---|
| Neighborhood | Coral Gables |
| Developer | The Allen Morris Company |
| Units | 58 |
| Floors | 11 |
| Expected delivery | Early 2028 |
| Priced from | $2,455,000 |
| Deposit schedule | 5% reservation / 15% contract / 10% groundbreaking / 10% top-off / 60% closing |
| Status | Under construction, broke ground Dec 2025 |
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 I do not publish a number I cannot show you the source for.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
5% reservation / 15% 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 Ponce Park Residences 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 |
|---|---|---|---|---|
| Ponce Park Residences (this project) | 58 / 11 | Early 2028 | $2,455,000 | 5% reservation / 15% contract / 10% groundbreaking / 10% top-off / 60% closing |
| Alhambra Parc | 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 |
| 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 Ponce Park Residences
What is the deposit schedule at Ponce Park Residences?
As published: 5% reservation / 15% 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 Ponce Park Residences expected to be delivered?
Currently Early 2028. Pre-construction delivery dates move, and the contract governs what happens if they do.
Who is developing Ponce Park Residences?
The developer is The Allen Morris Company. 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 Ponce Park Residences?
Ponce Park Residences is planned at 58 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 Ponce Park Residences?
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 Ponce Park Residences?
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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