
Royal Palm Companies
942 NE 1st Avenue, Miami, FL 33132, Florida
Set at 942 NE 1st Avenue in downtown Miami, Legacy Residences Miami is a mixed-use condominium development by Royal Palm Companies. The project introduces studio, one-bedroom, and two-bedroom homes ranging from about 368 to 964 square feet.
With completion estimated for 2025, the building is taking shape in one of the city's most walkable and transit-rich districts, offering compact urban living close to Miami's commercial and cultural centre.
Downtown Miami surrounds Legacy Residences with the everyday conveniences of an established urban core, from dining and retail to nearby offices and cultural venues. The city centre puts shopping, restaurants, and waterfront attractions within easy reach for residents.
As specific nearby businesses and institutions are confirmed, they will be reflected here. For now, the development's central location means the amenities of one of Florida's busiest downtown neighbourhoods are close at hand.
The downtown Miami location is among the most connected in the region, served by the city's Metrorail and Metromover systems as well as extensive Miami-Dade bus routes. Major roadways including Interstate 95 and the nearby expressway network link the area to greater Miami, while the walkable street grid makes many daily trips possible on foot.
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Royal Palm Companies is a Florida-based real estate developer active in the Miami market. The firm focuses on urban residential and mixed-use projects in the region, and Legacy Residences Miami reflects that emphasis on downtown living. Buyers should confirm project-specific details directly with the developer.
Buying pre-construction begins with registering for early access, which can put you in line for the first release of units — often at earlier-stage pricing before broader public sales. Registering does not commit you to a purchase, but it keeps you informed as floor plans and availability are announced.
Deposits on new condominiums are typically staged over time rather than paid all at once, with instalments tied to milestones such as signing, and subsequent dates set by the developer. Buyers should also understand the difference between interim occupancy — when you may take possession before the building is registered — and final closing, when title transfers and financing is finalized. The specific deposit structure for Legacy Residences Miami will be confirmed by the developer.
In Florida, buyers of new condominium units have a 15-day rescission period under Florida Statute 718.503, allowing you to cancel the purchase agreement within that window after signing or after receiving the required documents. This is general education only and not legal or financial advice; confirm all terms with the developer and your own advisers.
The development is at 942 NE 1st Avenue in downtown Miami, Florida (33132), placing it in one of the city's most central and connected districts.
Legacy Residences Miami is being developed by Royal Palm Companies, a Florida-based developer active in the Miami market.
The building offers studio, one-bedroom, and two-bedroom residences, ranging from approximately 368 to 964 square feet.
Pricing is listed from approximately $400,000 to $750,000 USD. Final pricing and availability should be confirmed directly with the developer, as figures may change.
Completion is estimated for 2025. As with any pre-construction project, timelines can shift, so buyers should confirm current dates with the developer.
You can register your interest to receive updates on availability, pricing, and floor plans. Registering early can provide access to the first release of units before broader public sales.
Legacy Residences Miami is a condominium development. Specific details on the ownership structure and association fees will be confirmed by the developer.
Information last updated July 4, 2026. Details are provided by the builder and may change without notice.
First access to pricing, floorplans, and availability — before the public.