Inside the 4th Annual PROFILE State of the Market 2026 Presented by Tower Capital Partners at Artefacto Coral Gables

Panelists and hosts at the 2026 PROFILE State of the Market event at Artefacto Coral Gables.

On Tuesday, May 12, 2026, PROFILEmiami hosted the 4th Annual PROFILE State of the Market 2026 presented by Tower Capital Partners at the luxurious Artefacto flagship showroom in Coral Gables, bringing together more than 200 of South Florida’s leading developers, brokers, investors, financiers, architects, designers, and real estate professionals for an evening of high-level market insight, bespoke networking, and real estate showcase activations. Topics that emerged were that 2026 is the “Year of the End User”, and themes of “Pricing & Provenance” with “long term livability”.

The Showcase highlighted PROFILEmiami’s continued focus on streamlining discovery and connection across South Florida’s pre-construction market. Throughout the evening, Blackline presented live demonstrations of its real estate development sales software platform, while luxury developments including Ponce Park Coral Gables, Parkline Brickell, and The Mansions at Fisher Island showcased their projects to many of South Florida’s top real estate brokers and industry professionals. In the weeks following the event, the showcased developments collectively went on to close more than $100 million in sales, reinforcing the power of curated broker engagement and in-person relationship building in today’s market.

Moderated by T.J. Sabo, Founder & CEO of SABO+, the panel featured Spencer Morris, President of The Allen Morris Company; Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida; David-Emmanuel Cohen, CEO of Madar Group USA and developer of The Mansions on Fisher Island; John Parsiani, VP of Sales at Aria Reserve and founder of Parsiani Real Estate; and Fernando de Núñez y Lugones, CEO of Vertical Developments. Together, the conversation explored some of the most important forces shaping South Florida real estate in 2026 — from luxury pricing and consumer psychology to product evolution, end-user demand, hospitality-driven living and long-term market positioning.

The panel concluded with a pro-real estate development word from Emmy Award Winning Former CBS4 Miami Anchor Elliot Rodriguez who is currently campaigning for the House of Representatives for the 27th Congressional District of Florida in the 2026 Mid-Term Elections.

As Miami continues evolving into one of the world’s premier luxury real estate destinations, conversations like those at the 4th Annual PROFILE State of the Market 2026 continue helping define how developers, brokers, architects, financiers and sales teams adapt to a more sophisticated, globally minded buyer increasingly focused on quality, customization, hospitality, and long-term value. Through elevated events like PROFILEconnect, PROFILEmiami continues reinforcing its role at the center of South Florida’s real estate conversation — delivering insight, access and meaningful connection at the highest level.

Panels:

One of the evening’s most discussed themes centered around “Pricing & Provenance” and “long term livability” in Miami’s rapidly maturing ultra-luxury condominium market. David-Emmanuel Cohen discussed how Miami’s top-tier residential market is now achieving pricing levels exceeding $5,000 to $6,000+ per square foot, positioning the city alongside ultra-prime global destinations such as Monaco and St. Barth. Spencer Morris expanded on the growing importance of provenance, craftsmanship and material authenticity in luxury development, sharing how The Allen Morris Company traveled to Carrara, Italy to personally source marble for its projects in an effort to create more enduring, deeply intentional residences. Jay Phillip Parker echoed the importance of quality and execution, emphasizing that today’s luxury buyers are increasingly prioritizing authenticity, lasting value, and buildings designed for long-term ownership rather than short-term speculation.

The panel also explored the continued evolution of the luxury buyer. Spencer Morris described 2026 as “the year of the end user,” explaining how premium, highly customized residences increasingly dominate demand as buyers seek homes designed for long-term living, personalization and permanence. The discussion highlighted how many affluent purchasers are combining units to create larger, more bespoke living environments that better reflect lifestyle needs, privacy expectations and family use patterns.

Further conversation explored how evolving consumer expectations are creating entirely new categories of luxury living and hospitality-driven real estate experiences. Jay Phillip Parker discussed the growing opportunity within branded hospitality-driven multifamily developments and luxury assisted living, explaining how consumers are increasingly willing to pay premiums for hospitality-caliber services, wellness offerings and elevated programming traditionally associated with luxury hotels and branded residences. He also noted the long-term opportunity for world-class healthcare providers and hospitality operators to collaborate in creating a new standard for luxury wellness-focused senior living.

Panelists also discussed the evolving divide between large-scale amenitized towers and smaller boutique luxury developments. John Parsiani explained how many buyers continue gravitating toward larger towers for their expansive amenity packages, resort-style experiences and “lock-and-leave” convenience, particularly among seasonal and international residents. Fernando de Núñez y Lugones then highlighted how, at the highest end of the market, many true end users increasingly prioritize privacy, exclusivity and intimacy — driving demand for smaller boutique buildings — while investors often remain more attracted to larger-scale developments offering operational efficiencies and expansive amenity ecosystems.

Showcase & Networking:

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David-Emmanuel Cohen's Madar Group USA Secures Three Sales With Combined Listed Price of $109 Million at The Mansions on Fisher Island

Madar Group USA, the U.S. development platform led by founder and CEO David-Emmanuel Cohen, has announced three sales totaling $105.5 million at The Mansions on Fisher Island.

The milestone leaves just three single-family estates available within Cohen's signature 2.5-acre assemblage—the only collection of newly built, freestanding homes on one of the most coveted enclaves in the United States.

The last asking price for the under contract but yet to close transactions are as follows; Lot #5 for $36.5M, and Lot #10 for $36.0M, while Lot #3 is currently under contract, its last asking price being $36.5M.

Together, they reflect the strength of Cohen's development thesis: that the world's most discerning buyers are actively seeking turnkey, design-forward estates that deliver both absolute privacy and architectural permanence.

A seasoned developer with deep roots in the international luxury market, Cohen identified Fisher Island as the ideal launch pad for his vision of bringing a new category of residence to the United States—newly constructed, freestanding single-family homes of substantial scale, in a market where no comparable inventory has previously existed and none is planned to follow. Under his leadership, The Mansions on Fisher Island introduces a finite, generational opportunity to an already tightly held market.

Each residence sits on an estate parcel exceeding 13,000 square feet, with interiors ranging from approximately 8,500 to more than 18,000 square feet. Expansive outdoor living environments have been carefully oriented to capture both sunrise and sunset exposures.

Dora Puig, Principal of Luxe Living Realty and exclusive sales agent for The Mansions on Fisher Island, represented the developer in all three transactions, while three separate agents represented the purchasers.

The three residences sold are currently under construction, with deliveries anticipated between Q4 2026 and Q2 2027.

Cohen commissioned Portuondo Perotti Architects to translate his vision into a Mediterranean-informed architectural language, reinterpreted through a contemporary lens. The interiors—curated under Cohen's exacting standards—feature bespoke Italian millwork, hand-selected natural stones sourced from leading global quarries, custom-designed kitchens, and spa-grade bathrooms that rival those of the world's finest resorts. Soaring ceiling heights and full walls of glass dissolve the boundary between interior and exterior, flooding each space with natural light.

The programming throughout reflects Cohen's intimate understanding of how today's ultra-high-net-worth buyer actually lives. Residences include rooftop wellness retreats, private elevators, multiple entertaining salons, dedicated office suites, children's lounges, and expansive terraces designed for both intimate gatherings and large-scale hosting. Four-car garages and discreet service areas ensure operational ease without compromising aesthetic integrity.

The three remaining residences are priced from $34 million, culminating in the project's premier offering: a $57 million estate spanning approximately 18,000 square feet on a rare half-acre site—positioned as the largest private residence currently planned on Fisher Island and will be called the Mega Mansion.

To execute his vision at the highest level of construction quality, Cohen has entrusted the build-out of The Mansions on Fisher Island to ASR Construction, the project's exclusive builder. ASR Construction brings the technical precision, logistical discipline, and craftsmanship required to deliver homes of this scale and complexity—particularly within the unique constraints of an island site—ensuring that every detail is realized to exacting global standards. ASR Construction has been building on Fisher Island for 30 years and has completed Palazzo Della Luna, Palazzo Del Sol, Palazzo del Mar on Fisher Island.

Beyond the homes themselves, ownership delivers access to Fisher Island's unparalleled amenity ecosystem: a private new beach club is currently under construction, a championship golf course, tennis and padel facilities, a deep-water marina, and a suite of highly personalized services—all within a setting defined by one of the highest standards of security and privacy in the country.

"Only a handful of single-family homes will ever exist on Fisher Island," said David-Emmanuel Cohen, Founder and CEO of Madar Group USA. " For a global buyer accustomed to the best of Monaco, Paris, or Saint Barthélemy, what resonates here is not just luxury—but legacy. Luxury is a finish, a service, a fleeting experience. Legacy is what remains when the trends have moved on. The land, the proportions, the privacy, the views—none of it can be replicated, and none of it will be. We did not build to compete with what exists; we built to define what cannot be built again. For a buyer at this level, that distinction is everything. That is the standard I set out to deliver, and these results affirm that the market recognizes it."

The Mansions on Fisher Island represents the U.S. debut of Cohen's Mansions brand—a platform he has conceived as the blueprint for a broader portfolio of ultra-luxury developments across the world's most rarefied enclaves. With Fisher Island as the inaugural chapter, Cohen and Madar Group USA are positioning the brand as a defining force in the next generation of global ultra-luxury real estate.

Past PROFILEmiami articles about The Mansions on Fisher Island:

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Madar Group USA and ASR Construction Break Ground On 'The Mansions on Fisher Island'

Madar Group USA and ASR Construction alongside Douglas Elliman celebrated the much-anticipated groundbreaking for The Mansions on Fisher Island. Hosted by esteemed Douglas Elliman agents Fredrik Eklund and Dina Goldentayer, the exclusive event welcomed VIP brokers and their guests to witness the unveiling of a residential enclave set to redefine waterfront living in one of South Florida’s most prestigious locales. The Mansions on Fisher Island will feature only five expansive ultra-luxury residences on the 216-acre private island.

Prominent figures from the real estate industry were in attendance, including Michael S. Liebowitz, President and CEO of Douglas Elliman Inc.; Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida; as well as David-Emmanuel Cohen, CEO of Madar Group USA. The event provided a glimpse into the vision behind The Mansions—a project developed by Madar Group USA in collaboration with ASR Construction, which aims to set a new benchmark in ultra-luxury living.

The Mansions on Fisher Island will feature only five expansive residences, meticulously designed to range from 7,500 to an impressive 15,800 square feet. Each home will sit on estate lots varying from 13,000 to 18,000 square feet, ensuring ample space and privacy for future residents. With Mediterranean-inspired exteriors crafted by Portuondo Perotti Architects, the development seamlessly honors Fisher Island’s architectural history. Interior finishes, curated by Ford Interiors, promise modern elegance and sophistication, setting the stage for opulent living.

Fisher Island, renowned for its exclusivity, offers residents breathtaking views of the Atlantic Ocean and Biscayne Bay, combined with a picturesque backdrop of the Miami skyline. This 216-acre private enclave is accessible only by ferry, private vessel, or golf cart, further enhancing its allure.

Potential buyers will also benefit from Fisher Island Club membership, which grants access to an array of luxurious amenities, including a championship golf course, several fine dining establishments, a private deep-water marina, the acclaimed Beach Club, the historic Vanderbilt Mansion, and Spa Internazionale. The exclusivity of value is evident, with Lot 5 priced at $36.5 million and Lot 9 at $29.9 million—illustrating the high demand for such unparalleled properties.

The groundbreaking of The Mansions on Fisher Island represents more than just the start of a luxurious residential project; it is a significant occasion in South Florida’s real estate narrative. As the construction progresses, anticipation builds for what is sure to be a transformational addition to Fisher Island’s prestigious real estate offerings.

With luxury, exclusivity, and an unmatched lifestyle at its core, The Mansions on Fisher Island promises to be a beacon of opulence in a market that continually seeks to redefine luxury living. The future of high-end real estate on Fisher Island is indeed bright.

Images via World Red Eye and Douglas Elliman

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