The Lincoln Coconut Grove Deposit Schedule: What You Pay and When
Last Updated: September 26, 2026
The Lincoln Coconut Grove deposit schedule is 20% at contract, 10% ninety days after the first deposit, 10% at the 5th floor concrete pour and 60% at closing. On residences priced $1,717,000 to $3,115,000, that means $686,800 to $1,246,000 paid before delivery, which is estimated in 2028.
The schedule itself did not change when construction started. The timing did. The sales team confirmed on September 24, 2026 that The Lincoln is officially under construction, and that the second 10% is now due 90 days after the first deposit rather than at a later construction milestone. That one change moves real money forward, so this guide works through the cash flow in dollars, stage by stage, the way I lay it out for buyers before they sign.
What is The Lincoln's deposit schedule?
The Lincoln's deposit schedule has four payments: 20% at contract, 10% ninety days after the first deposit, 10% at the 5th floor concrete pour and the remaining 60% at closing. Buyers put 40% down during construction and settle 60% at delivery, estimated in 2028. The source is the developer sales team, September 24, 2026.
Here is the schedule in order:
- Contract: 20% of the purchase price.
- 90 days after the first deposit: 10%.
- 5th floor concrete pour: 10%.
- Closing: 60%.
Pre-construction schedules in Miami tend to fall into two shapes. Some spread five or six smaller payments across the build. Others, like The Lincoln, take a larger share early and leave a big balance for closing. Neither is better in the abstract. The right one depends on when your capital is available and whether you plan to finance at the end. The residences section of this site shows the plan types these numbers apply to.
How much cash do I need at each stage?
On the lowest-priced residence at $1,717,000, you need $343,400 at contract, $171,700 ninety days later, $171,700 at the 5th floor pour and $1,030,200 at closing. On the highest-priced residence at $3,115,000, those figures are $623,000, $311,500, $311,500 and $1,869,000. Everything else in the building falls between those two.
Worked out across the range, the cash flow looks like this.
At $1,717,000, the low end of the current range:
- Contract, 20%: $343,400
- 90 days after the first deposit, 10%: $171,700
- 5th floor concrete pour, 10%: $171,700
- Total before closing, 40%: $686,800
- Closing, 60%: $1,030,200
At $2,400,000, an illustration for a mid-range budget (not a specific listed residence):
- Contract, 20%: $480,000
- 90 days after the first deposit, 10%: $240,000
- 5th floor concrete pour, 10%: $240,000
- Total before closing, 40%: $960,000
- Closing, 60%: $1,440,000
At $3,115,000, the high end of the current range:
- Contract, 20%: $623,000
- 90 days after the first deposit, 10%: $311,500
- 5th floor concrete pour, 10%: $311,500
- Total before closing, 40%: $1,246,000
- Closing, 60%: $1,869,000
The number most buyers underestimate is the first 90 days. Contract plus the second deposit is 30% of the price inside roughly three months: $515,100 on a $1,717,000 residence, $720,000 at the $2,400,000 illustration and $934,500 on a $3,115,000 residence. After that, nothing is due until the 5th floor pour, and then nothing until closing. If you are selling another property to fund the purchase, I usually suggest lining up that sale, or at least its timing, before you sign here, so the 90-day payment is never the thing that forces a rushed decision.
These are calculations on the current price range. Prices are from the March 2026 availability list, less residences 203 and 502, which have sold; the sales team has not issued an updated price list yet. Before you plan around a number, ask me for the current price on the exact residence.
When is each deposit due now that construction has started?
The contract deposit is due at signing and the second 10% is due 90 days after that first deposit, so the first two payments run on your own calendar. The third 10% is tied to the 5th floor concrete pour, which follows the construction schedule. The 60% balance is due at closing, with delivery estimated in 2028.
That split matters for planning. The first 30% is predictable to the day: you know the contract date, and you can count 90 days from the first deposit. The next 10% depends on the builder reaching the 5th floor pour, and the developer has not published a date for it in the materials I have on file, so I do not guess one. I track construction progress and let buyers know as that milestone approaches, so the call for the third payment never arrives as a surprise.
The practical read: if you are funding the deposits from the sale of another property, from an investment account you want to leave in place as long as possible, or from capital arriving from abroad, the 90-day window is the constraint to plan around, not the construction schedule.
How does The Lincoln's schedule compare to other Coconut Grove projects?
The Lincoln asks for 40% before closing. THE WELL Coconut Grove asks for 50% before closing, in five 10% payments tied to milestones. Four Seasons Private Residences Coconut Grove asks for 20% at contract and 20% at groundbreaking, 40% before closing, on a much higher price. The Lincoln front-loads the first 30%, then waits.
Put in dollars at similar entry prices, the difference is clear. On a $1,678,000 residence at THE WELL Coconut Grove, each 10% payment is $167,800, and five of them total $839,000 before closing, with $839,000 due at closing. On a $1,717,000 residence at The Lincoln, you commit $515,100 in the first 90 days, $686,800 in total before closing, and settle $1,030,200 at delivery.
So The Lincoln asks for more money sooner, and less money overall, before the keys. The Well asks for less at the start and more in total during construction. If you are financing the balance, The Lincoln's larger closing share keeps more of the purchase in the part a mortgage can cover. If you are buying all cash, the two schedules are closer than they look, and the decision should come down to the building.
Four Seasons is a different tier, with the lowest price in our current records at $4.2M and completion not yet announced, so its 40% before closing is a much larger check. I include it only because buyers ask where the Grove's price ladder tops out.
Can I finance the 60% at closing?
Many buyers plan to finance part of the closing balance. The 60% due at The Lincoln's closing is the portion a mortgage would typically cover, because a lender funds at delivery, not during construction. The terms depend on the lender, your profile and the appraisal at completion, so start that conversation well before 2028.
I tell buyers to treat financing as a plan, not an assumption. Lending terms at delivery will be set by the market at that time, and lenders look at the completed building, the appraisal and your own situation. International buyers often face different requirements than domestic buyers. None of that changes the deposits you owe during construction, which are cash. If there is any chance you will need financing, talk to a lender early, and I can connect you with lenders active in new construction in Miami.
The flip side of a 60% closing balance: if you are buying for cash, most of your capital stays with you, working elsewhere, until 2028. For some buyers that is the most attractive feature of this schedule.
What happens to my deposits while the building is under construction?
Pre-construction deposits in Florida are held under the rules of the state condominium statute and the escrow terms in your purchase contract. The contract also states whether deposits above the first 10% may be used for construction. Read that section with your attorney before signing, because it defines how your deposits are handled until closing.
This is not a Lincoln-specific issue; it applies to every pre-construction condominium in Florida. The difference between projects is in the contract language and in the developer's track record of delivering. The Lincoln's developers, LORE Development Group and Element Development, have a smaller profile than the largest Miami groups, which the project's own records acknowledge. The building being under construction is the proof point that counts, and I follow it closely.
What should I budget beyond the deposits?
Beyond the four deposit payments, plan for closing costs at delivery, the association dues once the building is operating, property taxes and furnishing. The estimated association budget is part of the condominium documents, so ask for it before you sign. I review those figures with every buyer on the exact residence.
At The Lincoln, the amenity program is sized for 48 households: a 40-foot heated rooftop lap pool, an observation deck, a rooftop lounge with summer kitchen, a spa with hot and cold plunge, sauna and steam, a fitness center, a golf simulator and co-working, with 24/7 security and valet. A small building spreads its operating costs over fewer owners, so it is worth reading the budget line by line rather than comparing a single monthly number to a 194-residence tower. The amenities section lists everything the association will operate.
How I structure a Lincoln purchase
I start with the residence and work backward. Once a buyer has a residence in mind, I send the current price, then the deposit schedule in dollars with the dates we know and the milestone we are waiting on. We map the first 30% against the buyer's calendar and decide early whether the 60% will be cash or financing.
Two other points I raise. First, a pre-construction purchase is a hold through closing, not a short-term trade, so the plan should work if you hold to delivery and beyond. Second, inventory in a 48-residence building moves in steps. Two residences on the March 2026 list have already sold, and developers raise prices as a building sells, with the most popular lines and floors moving first. Review the floor plans, then call me at 786-474-9627 and I will send current availability with the numbers worked out for your residence.
Get the deposit math on your residence
Tell me which Lincoln residence you are looking at and I will send the current price, the deposit schedule in dollars and the floor plan.
Request Pricing Call 786-474-9627 WhatsAppFrequently Asked Questions
What is the deposit structure at The Lincoln Coconut Grove?
The Lincoln asks for 20% at contract, 10% ninety days after the first deposit, 10% at the 5th floor concrete pour and 60% at closing (developer sales team, September 24, 2026). That is 40% before closing and 60% at delivery.
How much do I need at contract for The Lincoln?
The contract deposit is 20% of the purchase price. With residences priced $1,717,000 to $3,115,000, that is $343,400 on the lowest-priced residence and $623,000 on the highest-priced residence in the current range.
When is the second deposit due at The Lincoln?
Now that The Lincoln is under construction, the second deposit of 10% is due 90 days after the first deposit (developer sales team, September 24, 2026). In practice, 30% of the price is committed within about three months of signing.
How does The Lincoln deposit compare to The Well Coconut Grove?
The Lincoln collects 40% before closing and 60% at closing. THE WELL Coconut Grove collects five 10% payments tied to milestones, 50% before closing, and 50% at closing. The Lincoln front-loads more at signing but asks for less in total before delivery.
When does The Lincoln deliver?
The Lincoln is under construction with delivery estimated in 2028. The 60% closing balance is due at closing, so a buyer should plan that capital, or financing, around a 2028 delivery and confirm timing updates with me as construction advances.
