Ritz Carlton Residences South Beach Plans Sprawling $125 Million Penthouse - Miami Luxury 首页s-365官方app
BY Michael Light / On February 23, 2024

Details are still forthcoming. Please contact Michael Light for a private presentation at 786-566-1700.

大约一个月后 被悄悄宣布, details of the anticipated Ritz-Carlton Residences South Beach (formerly the Sagamore Hotel) are beginning to trickle out with whispers of the sprawling ultra-luxury oceanfront penthouse that is expected to command $125 million.

The crown jewel penthouse is a combination of the two duplex penthouse in the 15-story development, answering the demand from rich buyers who seek to build a “triangle” of luxe residences in multiple cities that that owners and their families can bounce between.

Ritz Carlton Residences/Sagamore Miami Beach

Ritz Carlton Residences/Sagamore Miami Beach

With 30 total residences and prices beginning at $3.900万年, developers expect a sell-out value of $450 million for the boutique project. Since inventory of 独有的特性 such as the Ritz Carlton Residences South Beach is so low, the project is anticipated to sell out fast. Another example of an uber-exclusive project is 佩里贡迈阿密海滩, where buyers have been known to claim multiple residences with the idea to decide which to reside in at a later date.

While it may sound risky to laymen, this demand is relatively normal for the savvy buyers of Manhattan’s most elite where Ken Griffin recently broke a record with a $238 million penthouse purchase. It is not uncommon for investment juggernauts such as Mr. Griffin to buy now and decide later.

“Miami is not just a tourist economy anymore,” co-developer Dayssi Olarte de Kanavos 告诉彭博社. “We now have so many hedge fund, venture capital and real estate workers who live here.”

Rendering of the Ritz Carlton Residences/Sagamore Miami Beach South Beach

Rendering of the Ritz Carlton Residences/Sagamore Miami Beach South Beach

The tower is to be built at 1671 Collins Avenue, along what is now known as Billionaire’s Row in Miami Beach. Owners will enjoy residences of 1-5 bedrooms that include Ritz-Carlton branded amenities such as an oceanfront beach club and spa as well as a Michelin-starred culinary experience.

The Ritz-Carlton Residences South Beach is expected to be completed at in the Spring of 2027.

Douglas Elliman is the exclusive broker for this private collection of units at The Ritz-Carlton Residences South Beach. If you are interested in a private presentation of the building, 亲自或通过缩放, please contact Michael Light, Executive Director of Luxury Sales at Douglas Elliman and member of the elite Sports and Entertainment Division. Only qualified buyers will be able to view floor plans, renderings and have access to site tours. You may reach Michael directly at 786.566.或电邮至 michael@htvdirect.net.

Rendering of the Ritz Carlton Residences/Sagamore Miami Beach South Beach

Rendering of the Ritz Carlton Residences/Sagamore Miami Beach South Beach

Image Credit: The Ritz Carlton South Beach

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