The Ritz Carlton Residences In Miami Beach


The new Ritz Carlton Residences in Miami Beach is probably the most unique new project in all of South Florida. First, it is taking advantage of a previous structure that was essentially gutted and rebuilt. Any other luxury projects are new, ground-up development. Secondly, the project lies in the heart of an exclusive residential area comprised of single-family houses. Buyers who are interested in this project have nothing else to compare this to. As such, sales so far have been strong, with a reported $30,000,000 combined penthouse selling earlier this quarter (translates into a price of about $2,500/square foot).