The average cost for a Miami turnkey renovation package ranges from $85 to $145 per square foot, with luxury projects exceeding $200 per square foot in high-demand areas like South Beach and Coconut Grove.

Miami’s turnkey renovation costs are influenced by labor, materials, and regional demand. Labor costs in Miami-Dade County average $50 to $75 per hour, driven by high demand for skilled contractors and工匠 (skilled workers). Premium materials, such as Italian marble and designer fixtures, add 20–40% to expenses. The U.S. Bureau of Labor Statistics reports that Miami’s construction labor costs are 15% above the national average. Additionally, permits and regulations in Miami-Dade County increase project timelines and expenses by 10–15%. A 2023 report by the Florida Association of the Remodeling Industry found that 70% of Miami turnkey projects exceed budget due to unforeseen structural issues, such as termite damage or outdated plumbing, which add $3,000–$8,000 per project. High demand in areas like Coral Gables and Pinecrest further inflates prices, with 85% of contractors reporting backlogs due to limited subcontractor availability. These factors collectively justify the per-square-foot range and premium pricing in prime locations.