Pagani Residences Deposit Schedule
How payments are structured from contract to closing
Table of Contents
Pagani Residences Deposit Schedule
The Pagani Residences deposit schedule spreads 50% of the purchase price across the construction period, with the remaining 50% due at closing. It is one of the main reasons buyers choose pre-construction: you secure a residence at today’s pricing while paying in stages as the tower rises.
| Stage | Deposit | Cumulative |
|---|---|---|
| At contract signing | 20% | 20% |
| At groundbreaking | 10% | 30% |
| At completion of the amenity deck | 10% | 40% |
| At top-off | 10% | 50% |
| At closing | 50% | 100% |
Deposit schedule is subject to the terms of the purchase agreement and may vary by residence. Confirm the exact schedule for your residence before signing.
Deposit Examples
Here is how the Pagani Residences deposit schedule works on two sample prices: a residence at the $3.7 million launch starting price, and Penthouse 1 at its announced $30 million price.
Residence at $3,700,000
| Stage | % | Amount |
|---|---|---|
| At contract | 20% | $740,000 |
| At groundbreaking | 10% | $370,000 |
| At amenity deck | 10% | $370,000 |
| At top-off | 10% | $370,000 |
| At closing | 50% | $1,850,000 |
Penthouse 1 at $30,000,000
| Stage | % | Amount |
|---|---|---|
| At contract | 20% | $6,000,000 |
| At groundbreaking | 10% | $3,000,000 |
| At amenity deck | 10% | $3,000,000 |
| At top-off | 10% | $3,000,000 |
| At closing | 50% | $15,000,000 |
Examples are for illustration only. Current prices differ by residence; ask our team for today’s price list.
How Each Deposit Stage Works
Contract (20%). After you choose a residence and review the purchase agreement and condominium documents, you sign the contract and pay the first deposit. Florida law gives new condominium buyers a review period after signing.
Groundbreaking (10%). The second deposit is tied to the start of construction. Construction of Pagani Residences is already underway, so confirm with our team how this milestone applies to new contracts today.
Amenity deck (10%). The third deposit is due when construction reaches the amenity deck level of the tower.
Top-off (10%). The fourth deposit is due when the structure reaches its full 30-story height.
Closing (50%). The balance is paid at closing, when the building is complete and you take ownership. Qualified buyers may finance part of this payment.
Planning Your Payments
A clear payment plan makes the Pagani Residences deposit schedule simple to manage. Most buyers set aside the first 20% before signing, then plan the next three 10% payments around the construction calendar. Because each milestone depends on construction progress, the exact dates can shift, so our team keeps you informed as each stage approaches.
International buyers often move funds in advance to avoid currency swings at the moment a deposit is due. If you plan to finance the 50% due at closing, it is wise to speak with a lender early, since pre-construction loans are approved closer to completion and lenders review the final appraisal.
Costs Beyond the Deposits
At closing, buyers in Florida typically pay closing costs, which can include title insurance, recording fees and a contribution to the condominium association’s working capital. Your purchase agreement lists these items. Annual property taxes and monthly association fees begin once you take ownership.
Why Pre-Construction in North Bay Village
North Bay Village sits on Biscayne Bay between Miami Beach and mainland Miami, and new luxury supply on the island is limited. Buying early in a boutique branded tower lets you choose from the widest selection of floor plans and views. With the Pagani Residences deposit schedule, you can secure that choice while paying half of the price over the build period.
Our team has more than 23 years of experience in Miami pre-construction. We can compare the Pagani Residences deposit schedule with other branded projects in the city, so you can see how the payment terms, delivery timing and pricing stack up before you decide.
Pagani Residences Deposit Schedule Timeline
The Pagani Residences deposit schedule follows the life of the building, from the first signature to the day you receive your keys. Here is what each phase usually looks like for a buyer.
Weeks one to two. You review residences, floor plans and pricing with our team, select a home and place a reservation. The developer then issues the purchase agreement and the condominium documents for your review.
Contract. You sign the agreement and wire the first 20% deposit to the escrow agent named in the contract. From this point, your residence is under contract at the agreed price.
Construction phase. As the tower rises, you receive notices for the next deposits at groundbreaking, at the amenity deck and at top-off. Each notice gives you a set number of days to pay, as stated in the agreement.
Completion. When the building receives its certificate of occupancy, the developer schedules closing. You complete a walkthrough of your residence, pay the remaining 50% and receive the keys.
Protecting Your Deposit
Every buyer should understand how the Pagani Residences deposit schedule fits the protections under Florida condominium law. Before you sign, we recommend:
- Having a Florida real estate attorney review the purchase agreement and the prospectus
- Confirming the name of the escrow agent and how deposits above 10% may be used
- Checking the default and cancellation terms, including what happens if a deposit is late
- Reviewing the estimated completion date and the developer’s rights to extend it
- Keeping written records of every wire transfer and receipt
Our team works with attorneys in Miami who know pre-construction contracts well, and we are happy to make an introduction.
Pagani Residences Deposit Schedule Versus Other Miami Towers
Many new luxury towers in Miami ask for a total of 40% to 50% in deposits before closing, often split into three to five payments. The Pagani Residences deposit schedule sits within that range, with 50% paid in four stages and 50% due at completion.
What sets Pagani Residences apart is less the payment structure and more what you are buying: the first residences in the world curated by Pagani, in a tower of just 70 homes on Biscayne Bay. When comparing projects, look at the full picture, including the brand, the location, the developer’s track record, the expected delivery date and the resale appeal of the finished building.
Our team can lay out the deposit terms of several Miami branded towers side by side, so you can compare cash flow, timing and value before you commit to the Pagani Residences deposit schedule or any other project.
Buying From Abroad
A large share of buyers at Pagani Residences live outside the United States. The Pagani Residences deposit schedule works the same way for them, but a few extra steps help the process run smoothly.
First, open a relationship with a U.S. bank or a private bank with a Miami office early. Wire transfers for large deposits can take several days to clear, and banks often ask for source-of-funds documents. Second, decide how you will hold title, whether personally, through a U.S. company or through a trust, because this affects taxes and estate planning. Third, plan for currency. Many international owners convert funds gradually so that one exchange rate does not decide the cost of the whole purchase.
Our multilingual team works in English, Spanish, Portuguese, Romanian, Russian and Ukrainian. We coordinate with your advisors at home and our partners in Miami, so each deposit arrives on time and with the right paperwork.
Questions to Ask Before You Sign
Before committing to the Pagani Residences deposit schedule, it helps to have clear answers to a few practical questions:
- Which milestones have already been reached, and which deposits will be due right away on a new contract?
- What is the current estimated completion date, and how much can it be extended?
- Which finishes, appliances and features are included in the price?
- Are parking spaces, garages or storage sold separately, and at what cost?
- What are the estimated monthly association fees and annual property taxes?
- Are any incentives currently available for your residence?
Our team will gather these answers for the specific residence you are considering and put them in writing, so you can compare the Pagani Residences deposit schedule and total cost of ownership with confidence.
A Sample Cash-Flow Plan
To picture how the Pagani Residences deposit schedule affects your cash flow, take the $3.7 million example above. You would pay $740,000 at contract, then $370,000 at each of the next three construction milestones, for a total of $1,850,000 before completion. The final $1,850,000 is due at closing, either in cash or through a mortgage.
Because the three middle payments depend on construction progress, many buyers keep those funds in short-term, liquid accounts until each notice arrives. Your own financial advisor can help you decide how to hold the funds in the meantime.
Where Deposits Are Held
Under Florida law, condominium deposits on new construction are held in escrow. Deposits up to 10% of the purchase price must stay in escrow, while amounts above 10% may be used by the developer for construction costs when the purchase agreement allows it. Review these terms carefully with your attorney before signing.
Why the Pagani Residences Deposit Schedule Appeals to Buyers
- Half of the price is paid over the construction period, not all at once
- You lock in a residence in the first Pagani-branded tower in the world
- Time to plan financing, ownership structure and currency transfers before closing
- Potential appreciation during construction in a boutique building of just 70 homes
Compare layouts on our floor plans page, see current prices, and view the two-level Pagani Residences Penthouses. For broader Miami pre-construction insight, visit Miami Real Estate Trends.
Working With Our Team
From your first question to closing day, our team stays with you through every step of the Pagani Residences deposit schedule. We send reminders before each milestone, confirm that the escrow agent has received your funds, and keep you updated on construction progress with photos and reports.
We also help you prepare for life after closing. That can include interior design referrals, furniture packages, rental guidance where the building rules allow it, and introductions to property managers for owners who spend part of the year abroad.
As independent agents with Fortune Christie’s International Realty, we bring more than 23 years of Miami luxury experience, over $500 million in closed transactions and a network of more than 48,000 buyers and investors. Our collaboration with Fortune Development Sales gives our clients early access to availability and any incentives offered at certain times.
Whether you are buying your first Miami home or adding to a global portfolio, we will make the Pagani Residences deposit schedule clear and easy to follow, so you can focus on the home itself.
After Closing
Once the final payment is made and the deed is recorded, the residence is yours. The association takes over the day-to-day management of the building, and your monthly fees cover the shared amenities, staff and building insurance. Many owners use the months before closing to plan furniture, art and technology, so the home is ready to enjoy on day one.
If you plan to spend only part of the year in Miami, consider arranging a property manager or concierge service before you close. Our team can recommend trusted local providers who already work with luxury owners in North Bay Village, Miami Beach and Brickell, and who understand the care that a Pagani residence deserves.
Finally, keep a complete file of your contract, deposit receipts and closing documents. These records matter for taxes, insurance, refinancing and an eventual resale, and they make every later step simpler.
Pagani Residences Deposit Schedule FAQ
What is the first deposit at Pagani Residences?
The first deposit is 20% of the purchase price, paid when you sign the purchase agreement.
How much is due before closing?
A total of 50% is paid in four stages before closing: 20% at contract, then 10% at groundbreaking, 10% at the amenity deck and 10% at top-off.
Can international buyers follow the same deposit schedule?
Yes. International buyers follow the same Pagani Residences deposit schedule. Our team can help coordinate wire transfers and introduce you to banks experienced with foreign buyers.
Is the deposit schedule negotiable?
Terms are set by the developer and stated in the purchase agreement. From time to time incentives may be offered, so ask our team what is available now.
What happens if a deposit is paid late?
The purchase agreement sets out the grace period and any consequences of a late payment. Read this section carefully with your attorney, as missed deposits can put the contract in default.
Do penthouse buyers follow the same deposit schedule?
The standard Pagani Residences deposit schedule applies across the building, but terms for the two-level penthouses may be negotiated individually. Ask our team for the current penthouse terms.
Can I assign my contract before closing?
Some pre-construction contracts allow assignment with the developer’s consent, often with fees or restrictions. Review the assignment clause in your agreement before you plan on it.
Request the Pagani Residences Deposit Schedule
Our team are independent agents with Fortune Christie’s International Realty, which works alongside Fortune Development Sales, the exclusive sales team for Pagani Residences Miami. Call 305 571-6319 or tap the WhatsApp bubble for the official deposit schedule, current pricing and availability.