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New construction is limited in Miami’s Ponce Davis neighborhood. One newly completed tropical modern estate, 5545 Southwest 81st Terrace, is now on the market for $22 million. Developed by SL5 Developments, it is one of only two new-construction homes on a full acre in Ponce Davis, and the only one currently move-in ready.
In a part of South Florida where many luxury neighborhoods skew denser, Ponce Davis’s estate-style lots offer a more secluded atmosphere than buyers often find elsewhere in Miami. Access to private schools such as Epiphany Catholic School, St. Thomas Episcopal Parish School, and Our Lady of Lourdes Academy remains part of the draw, as does proximity to the shops and restaurants of the Village of South Miami.
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The property’s design follows the compound-style approach that has gained traction at the upper end of the market. The main residence spans more than 10,000 square feet and opens onto nearly 1,800 square feet of covered terraces, surrounded by lush landscaping and mature bamboo. The property also includes a heated saltwater pool, a private hardcourt tennis court, a detached guest house with a gym, and a three-car garage, allowing the home to accommodate entertaining, visiting family, recreation, and daily routines in one setting.
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Inside, the home leans on a warm material palette and a more restrained version of contemporary design. The kitchen is organized around dual islands and top-tier appliances, while bespoke millwork, built-out closets, designer window treatments, and integrated smart-home technology reinforce the turnkey nature of the offering.
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In Ponce Davis, buyers are often choosing between older homes that require meaningful updates and the relatively small number of newer properties that come to market fully realized. In that context, move-in-ready new construction reduces the time, uncertainty, and added expense that often come with buying at this level.
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The home also reflects a broader reality in Miami’s luxury market: demand for well-located, family-oriented new construction remains strong, but the supply of homes that check all the relevant boxes is still limited. In neighborhoods like Ponce Davis, where land is scarce, that imbalance is especially clear.
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That is what gives this listing its relevance. Listed with David Siddons of Douglas Elliman, the property is a full-acre, move-in-ready estate in a neighborhood where opportunities of that kind do not come up often.
