Okan Tower Pricing & Floor Plans 2026

Detailed pricing by unit type, comprehensive floor plan analysis, deposit structure breakdown, and price-per-SF comparison for Okan Tower Miami. Everything you need to understand the investment and select your unit.

How Much Does Okan Tower Cost?

Pricing reflects the mixed-use structure: condo-hotel units (floors 12-35) are significantly less expensive than sky residences (floors 36-70) due to their smaller footprint, shared amenity structure, and optional rental program obligations.

Understanding Price-Per-Square-Foot

Miami luxury developments typically range from $800/SF (Brickell, mid-market) to $2,500+/SF (ultra-prime waterfront). Okan Tower's pricing is competitive:

• Condo-Hotel Units: $650-850/SF. This is below comparable Brickell condos ($800-1,000/SF) because the units are smaller and the Hilton program creates management complexity.
• Sky Residences: $1,800-2,200/SF. This is in line with premium Brickell and exceeds most Downtown Miami developments, reflecting the building's iconic status and Okan Group's investment in amenities.

The value proposition: you're paying for brand (Hilton partnership), architecture (iconic tulip crown), location (Downtown Arts & Entertainment District), and a developer with proven execution and capital.

Floor Plan Variety

Okan Tower offers 40+ distinct floor plans across all unit categories. Each offers multiple layout variations to optimize different buyer preferences:

Condo-Hotel Layouts (Floors 12-35) emphasize efficiency. Studio units range 400-500 SF with kitchenettes suitable for short-term rental guests. 1BR and 2BR units range 550-1,100 SF with full kitchens and flexible living spaces. The layouts are hotel-influenced but residential-quality — built for owners who plan to enroll in the rental program.

Sky Residence Layouts (Floors 36-70) prioritize luxury and views. 1BR units start at 700 SF with large windows and home office flexibility. 2BR units range 900-1,200 SF with separate dining areas, premium appliances, and extensive closet space. 3BR penthouses exceed 2,000 SF with multiple baths, guest suites, and sprawling terraces.

Higher floors command premiums for views. A 2BR on floor 20 (condo-hotel) costs less than the same unit on floor 35. Similarly, sky residences on floors 50+ are priced higher than comparable mid-rise units.

The Deposit Structure Explained

Okan Tower's 50/50 structure breaks down as follows:

At Contract Signing (Today): 10-15% deposit due and placed in developer escrow. This reserves your unit and demonstrates good faith. Interest accrues in the escrow account.

During Construction (2024-2026): Additional 35-40% due in two or three tranches tied to construction milestones (e.g., "10% upon completion of structural shell," "10% upon completion of amenity buildout," "15% upon substantial completion").

At Closing (2027): Final 50% balance due at closing. You receive your deed and take possession.

The staggered approach benefits both parties: you deploy capital gradually rather than paying everything upfront; the developer uses deposits to fund construction. All escrowed deposits earn interest that typically offsets inflation.

Condo-Hotel Investment Returns

If you purchase a condo-hotel unit (floors 12-35) and enroll in the Hilton rental program, you can expect:

• Gross Annual Rental Revenue: $20,000-$30,000 per unit annually (varies by size and floor level)
• Hilton Management Fee: 25-35% of gross (industry standard for full-service hotel management)
• Net Annual Income: $13,000-$22,500 after Hilton fees
• Cash-on-Cash Return: 5-7% annually (net income divided by your down payment)
• Capital Appreciation: Downtown Miami prices typically appreciate 3-5% annually in strong markets

Total annual return to investor: 8-12% (rental income + appreciation). This assumes full enrollment and normal occupancy. Returns are lower during off-seasons and higher in peak travel periods (December, spring break).

Comparing Condo-Hotel vs. Sky Residences

Choose Condo-Hotel (Floors 12-35) if:

• You want rental income with hotel-grade management
• You're a foreign investor seeking passive ownership
• You're building a diversified real estate portfolio
• You have a lower budget ($300K-$950K)
• You value the Hilton brand and all-inclusive service model

Choose Sky Residence (Floors 36-70) if:

• You want an exclusive primary residence or second home
• You value privacy and separation from the hotel operations
• You prefer long-term appreciation over short-term rental income
• You have higher budget ($700K-$5M+)
• You want premium views and fewer shared amenities with hotel guests

What's Included in Your Unit Price?

All units include:

• Fully finished interior with premium appliances
• High-end countertops and flooring (granite, marble, engineered hardwood)
• Climate-controlled unit and building
• Parking (one assigned space; additional spaces available)
• Access to all building amenities (pools, fitness, spa, dining)
• Concierge service
• Building insurance and maintenance (HOA fees)

HOA Fees: Estimated $400-700/month for condo-hotel; $600-1,000/month for sky residences. These cover building insurance, staff, maintenance, and amenities. Hilton management fees (condo-hotel only) are paid directly to Hilton from rental revenue, not from HOA.

Comparing Neighborhood Pricing

Okan Tower's pricing is competitive in the Downtown Miami / Edgewater market:

• Brickell Condos: $800-1,200/SF (8-10 years post-delivery)
• Downtown Miami (other towers): $900-1,500/SF
• Edgewater (Miami River): $1,000-1,600/SF
• Okan Tower Sky Residences: $1,800-2,200/SF (brand new)

New construction typically commands a 20-30% premium over resale. In 3-5 years post-delivery, Okan Tower's prices should align with established luxury towers in the $1,200-1,600/SF range. This represents significant appreciation potential.

Getting Access to Floor Plans

The complete floor plan library is available through WIRE Miami. Each unit type displays multiple variations with precise square footages, floor numbering, view directions (east/west/north/south), and pricing for each specific unit.

Floor plans are organized by collection (Condo-Hotel A, Condo-Hotel B, Sky Residences A, Sky Residences B) for easy browsing. You can filter by unit type, price range, floor level, and desired amenities.

Contact Adrian Sanchez at WIRE Miami to review floor plans in detail and identify units matching your investment criteria.