MIAMI, FL - Mast Capital, one of Florida’s most active real estate development and investment firms, and Rockpoint, a Boston-based real estate private equity firm, announce the debut of AVARA Miami Beach – an ultra-luxury residential community comprising 178 boutique residences in one of Miami Beach’s most coveted waterfront locales. Set against the vibrant cultural and coastal backdrop of Miami Beach, AVARA redefines rental living with architectural sophistication, thoughtfully curated lifestyle programming, and exceptional access to the city’s arts, culinary, and social scenes. The community’s grand opening marks a defining moment in the evolution of refined rental living in Miami Beach.
Perfectly positioned at the entrance to Miami Beach, with effortless access to the Julia Tuttle Causeway, the eight-story, architecturally striking mid-rise presents a curated collection of residences ranging from junior one-bedrooms to three-bedrooms, along with Penthouses spanning 560 to 1,410 square feet. Rental rates begin at $3,200 per month. AVARA is experiencing strong pre-leasing momentum, highlighting the demand for high-design, full-service rental living in a market where new inventory of this caliber remains limited.
“AVARA represents a new era of rental living in Miami Beach—one where architectural excellence, elevated design, and lifestyle-rich amenities are no longer exclusive to ownership,” said Camilo Miguel, Jr., Founder and CEO of Mast Capital. “We envisioned AVARA as a modern sanctuary that merges the sophistication and service of a high-end condominium with the flexibility of rental living, delivering a product rarely seen in this market. This forward-looking approach reflects how today’s residents aspire to live: design-conscious, community-minded, and connected to the vibrancy of their surroundings. We’re proud to introduce a pioneering concept that sets a new benchmark for rental living in Miami Beach.”
Designed by the award-winning Arquitectonica, with interiors by CID Design Group and lush outdoor spaces by Within Hults + Partners, AVARA’s sculptural façade is distinguished by its sinuous curves, floor-to-ceiling glass, and expressive modern lines. Inside, residences feature high-end finishes including porcelain plank flooring, flat-panel cabinetry, quartz countertops and backsplashes, and GE stainless steel appliances. Select residences offer elevated features such as paneled refrigerators, wine coolers, soaking tubs, motorized shades, and expansive wraparound terraces framing dramatic views of Biscayne Bay, Downtown Miami, and the Miami Beach skyline.
Residents enjoy access to a collection of wellness and lifestyle amenities designed to elevate everyday living. Highlights include a bayfront pool deck on the second floor with shaded cabanas and a fully equipped outdoor kitchen with grilling stations. Inside, a 1,500-square-foot fitness center, clubroom and game lounge, and a flexible work center with conference rooms and private offices provide spaces for productivity and relaxation. Additional conveniences include dedicated bike storage, a dog park and pet spa, and a full-time concierge available to coordinate resident services and personalized experiences.
With effortless access to Miami Beach’s most celebrated neighborhoods, AVARA is positioned at the crossroads of culture and convenience. From the lush serenity of the Miami Beach Botanical Garden to the culinary vibrancy of South of Fifth and Lincoln Road, every facet of the city is within easy reach. Just a short drive from Miami International Airport, AVARA offers seamless connectivity for both local and global travelers. Nearby cultural landmarks, iconic Art Deco architecture, and the creative enclaves of the Design District and Wynwood further enhance its appeal as a connected coastal retreat.
Mast Capital is one of Florida’s most active real estate development and investment firms today, with a diverse portfolio of residential, hospitality, and commercial properties throughout the State of Florida. The firm continues to expand its portfolio, with acquisitions representing over $4 billion in total project capitalization. These investments include new ground-up development of over 4,000 residential units in South Florida, as well as the Fort Myers and Tampa metro areas.
About Mast Capital: Founded in 2006, Mast Capital is a leading, vertically integrated real estate investment and development firm, driven by a global vision to transform communities and reshape the real estate landscape. By seamlessly blending innovative investment strategies with visionary design, Mast Capital has cultivated a diverse portfolio exceeding $4 billion in total project capitalization. As one of Florida’s most dynamic development firms, Mast Capital currently manages twelve active developments with a substantial future pipeline, spanning residential condominiums, multifamily developments, luxury hotels, commercial properties, operating businesses, and land designated for development. In nearly two decades, Mast Capital’s profound expertise and value-driven approach has uniquely positioned the firm to adeptly navigate market complexities and identify untapped investment opportunities. The firm's unwavering commitment to excellence and crafting timeless icons, has solidified its reputation as an industry pioneer, devoted to maximizing investment returns and ensuring the long-term success of each venture. For more information on Mast Capital’s portfolio, visit www.MastCapital.com
About Rockpoint: Rockpoint is a real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. The firm applies a consistent and disciplined investment approach across its investment programs, which span distinct return profiles. Since 1994, the firm’s co-founders with others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm and have invested or committed to invest in 507 transactions with a total peak capitalization of approximately $81 billion. To learn more, visit www.rockpoint.com