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

The Ritz-Carlton Residences, South Beach sits at the top end of Miami's pre-construction market. When sales launched in February 2025, the developer said its two duplex penthouses could reach $125 million as a combined purchase, which puts it among the highest asking prices in Miami's new-construction market.

This profile is part of our highest-priced Miami pre-construction condo series, focused on what makes ultra-trophy projects different from expensive-but-ordinary product. As of October 27, 2026, the project is still in pre-construction. Sales are open, but no groundbreaking, construction loan or updated delivery date has been announced.

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. A rare site. The tower is planned on the same oceanfront block as The Ritz-Carlton, South Beach and the historic Sagamore Hotel, at the east end of Lincoln Road. The Real Deal reported in September 2025 that the Sagamore is planned to become a 55-room Ritz-Carlton-branded hotel alongside the new condo.
2. A 30-residence count. Thirty residences, with two duplex penthouses at the top, is a very small supply of new homes on the South Beach oceanfront.
3. The Ritz-Carlton residential brand on Miami Beach. The developer's fact sheet promises Ritz-Carlton service for residents and access to amenities at the neighboring Ritz-Carlton, South Beach hotel, including its spa and beachfront pools. Some hotel services are listed as à la carte, at additional cost.

Pricing Reality

The developer's February 2025 launch announcement put starting prices at $4.25 million and said a combined purchase of the two duplex penthouses could reach $125 million. Florida YIMBY's September 2025 report cited prices from roughly $4.3 million. We have not found a developer-published price list by bedroom count, so ask the sales team for a dated quote on the specific residence you are considering.

At this price, useful comparisons include completed oceanfront trophy buildings such as Faena House, Eighty Seven Park and The Surf Club Four Seasons, where you can tour a finished residence, as well as the other pre-construction projects in the table below.

What Makes the Product Different

According to the developer's launch announcement and fact sheet, the product mix is intentionally tight:

• Just 30 residences in a 15-story building
• Two duplex penthouses, each with a private rooftop terrace, pool and outdoor kitchen (the source of the headline pricing)
• 10-foot ceilings with floor-to-ceiling windows, plus wraparound terraces and private elevator entry in most residences
• Studio Munge interiors, with Bianco Rhino marble kitchens and integrated Gaggenau appliances

The developer describes more than 50,000 square feet of amenities and services, including:

• Seventh-floor amenity terrace with a private lap pool and cabanas
• Technogym fitness center with treatment and training rooms
• Screening room and entertainment lounge with a chef's kitchen
• Sculpture garden by Naturalficial
• Residents' beach club with cabana service
• 24-hour doorman, concierge and valet
• Culinary programming by chef José Andrés
• Access to the spa and beachfront pools at The Ritz-Carlton, South Beach (some hotel services at additional cost)

Construction and Timeline

• February 2025: Sales launched. The developer's announcement described a 15-story tower and targeted a 2027 opening.
• September 2025: The Real Deal and Florida YIMBY reported a $61.2 million predevelopment loan from BHI to Sobe Sky. A predevelopment loan typically funds design, approvals and site work, not vertical construction.
• As of October 27, 2026: We found no report of a construction loan, groundbreaking or revised completion date from the developer, The Real Deal, Florida YIMBY or other reliable press. The official project site's press page lists marketing and events news only.

Treat the original 2027 target as out of date. Some broker sites now show 2028, but the developer has not published that date.

Buyer Fit

This project makes the most sense for:

• Trophy buyers comparing Faena House, Continuum, The Surf Club, Eighty Seven Park and 1428 Brickell rather than mid-tier new construction
• Buyers who specifically want South Beach and Lincoln Road at their doorstep plus Ritz-Carlton service
• International buyers who want a managed, lock-and-leave residence with full staffing
• Buyers who can hold a pre-construction deposit for an open-ended period before delivery

It's probably not the right fit for:

• Investors counting on short-term rental income. Rental rules have not been published, so confirm them in the condominium documents.
• Buyers who want quiet, low-density Mid-Beach or Bal Harbour living. South Beach has a different rhythm.
• Anyone optimizing for low monthly carrying costs
• Buyers who need a firm move-in date

How It Compares to Other Trophy Projects

The nine-figure figures in this table are not alike. Six Fisher Island and Shore Club reflect reported contracts, while the Ritz-Carlton South Beach and Rivage figures are asking prices. Stage differs too: Six Fisher Island was reported in its final stages of construction in August 2026, while the Ritz-Carlton South Beach has not broken ground.

The Risk Side

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

• Delivery timing. There is no current delivery date, and construction has not been reported as started. Plan deposits and closing capital around an open-ended timeline.
• Deposit schedule. We have not found published deposit terms from the developer. Get the exact schedule, escrow terms and any refund conditions from the offering documents before signing.
• HOA and club carrying costs. Ritz-Carlton-level service shows up in monthly assessments. We have not seen a published budget, so ask for the proposed budget.
• Resale liquidity at the very top. Penthouse-tier product trades thinly. Plan for a long hold.
• Insurance assumptions. Oceanfront exposure affects condo insurance costs. Ask how the association's coverage is budgeted.

Bottom Line

The Ritz-Carlton Residences, South Beach shows how high Miami's pre-construction pricing now reaches. It plans 30 residences, two duplex penthouses offered as a potential combined purchase and Ritz-Carlton service on one of South Beach's best-known blocks.

For a small group of buyers, this isn't really a condo decision. It's an alternative to a single-family oceanfront home with full-service hotel amenities. For everyone else, it's a price benchmark for other trophy launches. Either way, as of October 2026 it is a pre-construction purchase without a set delivery date. For more detail on the project, see our Ritz-Carlton Residences South Beach pre-construction guide.

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: members'-club residences
• Rivage Bal Harbour: SOM-designed oceanfront 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