Highest-Priced Miami Pre-Construction Condos: Ritz-Carlton Residences South Beach

Most "luxury" Miami pre-construction is mid-rise towers from $1M–$5M. A small ring above that is the eight-figure tier. And then there's the Ritz-Carlton Residences, South Beach — where the two duplex penthouses can combine into a single offering north of $125 million, putting it at the absolute top of Miami's current new-construction market.

This is the second profile in our highest-priced Miami pre-construction condo series, focused on what makes ultra-trophy projects different from expensive-but-ordinary product.

The Quick Take

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Why It Sits at the Top of the Market

Three things put this project in a different category from most South Beach launches:

1. An irreplaceable site. The Sagamore Hotel parcel is a rare oceanfront South Beach development site with frontage that can't be replicated. New oceanfront development on Collins is essentially zoned out at this scale.
2. A 30-unit cap. Most luxury Collins towers run 70–250+ units. Cutting density to 30 (with two of those being duplex penthouses) creates a structurally different supply story.
3. The Ritz-Carlton residential brand on Miami Beach. Brand-managed residences command persistent premiums in resale, and Ritz-Carlton specifically has one of the strongest track records in U.S. luxury.

Pricing Reality

Public marketing places starting prices around $3.9–$4.2 million for one-bedrooms, with two-bedrooms from roughly $6M, three-bedrooms from $9.5M, and five-bedrooms from $27.5M. Single penthouses already trade in the high eight figures; the combined-penthouse offering has been quoted up to $125M, which is the figure that puts this project at the top of any Miami pre-construction price list.

For context, Miami Beach's existing trophy benchmarks — Faena House, Continuum, Eighty Seven Park, the Surf Club — broadly sit in the $2,500–$4,500/sf range on top inventory. The Ritz-Carlton Residences South Beach is being marketed alongside those names rather than the next tier down.

What Makes the Product Different

The product mix is intentionally tight:

• Just 30 residences total
• Two duplex penthouses with private rooftop pools (the source of the headline pricing)
• Direct oceanfront orientation with deep terraces and floor-to-ceiling glass
• Studio Munge interiors — known for The St. Regis Bal Harbour, Aman New York, and high-end Auberge work

The amenity program leans more "private club" than "hotel":

• Ritz-Carlton signature service standards
• Oceanfront pool deck with private cabanas
• Wellness, spa, and fitness with treatment rooms
• Resident-only dining and lounge spaces
• 24-hour concierge and house car
• Beachside food and beverage service

Buyer Fit

This project makes the most sense for:

• Trophy buyers comparing across Faena, Continuum, The Surf Club, Eighty Seven Park, and 1428 Brickell rather than mid-tier new construction
• Buyers who specifically want South Beach energy plus full Ritz-Carlton service
• International buyers who want a managed, lock-and-leave residence with hotel-grade staffing
• Owners willing to pay a brand premium for resale liquidity at the very top of the market

It's probably not the right fit for:

• Investors looking for short-term-rental yield (this is positioned as a long-hold residence, not an income vehicle)
• Buyers who want quiet, low-density Mid-Beach or Bal Harbour energy — South Beach is a different rhythm
• Anyone optimizing for low monthly carrying cost

How It Compares to Other Trophy Projects

Among these, only Six Fisher Island, Shore Club, and the Ritz-Carlton South Beach combined penthouses currently push past $60M+ ceilings. That puts the Ritz-Carlton South Beach in extremely rarefied air — even by Miami's standards.

The Risk Side

Even at the very top, there are concrete things to underwrite:

• Final delivery timing — late-2027 is the target; supertall and oceanfront projects routinely slip. Plan deposits and closing capital around that.
• Deposit schedule — Miami pre-construction typically requires 20–50% before delivery; verify exact timing.
• HOA + club carrying costs — Ritz-Carlton-level service shows up in monthly assessments. Underwrite this as part of the all-in.
• Resale liquidity at the very top — combined-penthouse-tier product trades thinly. Plan for a long hold.
• Insurance assumptions — oceanfront South Beach exposure is increasingly priced into condo insurance pools.

Bottom Line

The Ritz-Carlton Residences, South Beach is the clearest example of where Miami's pre-construction ceiling currently sits. Thirty residences, two combinable duplex penthouses, and a Ritz-Carlton-grade service stack on one of South Beach's last great oceanfront sites.

For a small group of buyers, this isn't really a condo decision — it's an alternative to single-family oceanfront with full-service hotel amenities. For everyone else, it's the new benchmark to compare other trophy launches against.

More From the Highest-Priced Pre-Construction Series

• Six Fisher Island: $15M+ private-island residences
• Shore Club Private Collection: Auberge + Robert A.M. Stern
• Casa Cipriani Mid-Beach: $25M+ members'-club residences
• Rivage Bal Harbour: SOM-designed $8M–$65M condos
• Waldorf Astoria Residences Miami: 100-story supertall
• The Perigon Miami Beach: OMA-designed Mid-Beach oceanfront
• 888 Brickell by Dolce & Gabbana: fashion-branded supertall
• Baccarat Residences Brickell: 75-story riverfront
• Mandarin Oriental Residences Miami: KPF-designed Brickell Key

Sources and Further Reading

• Official Ritz-Carlton Residences South Beach site
• Miami Condo Investments project page
• Miami Luxury Homes profile
• CondoBlackBook listing page