The Ritz Carlton Residences Miami Beach: Is this the Best Condo in Miami?

Tour this 3 bedroom, 3,500 SF Lower Penthouse at the Ritz Carlton Residences Miami Beach

Step inside this LPH20 at the Ritz Carlton Residences in Miami Beach. This penthouse offers 3,431 SF (319M2) of interior space and 420 SF (39M2) of exteriors. This 3 bedroom & den, 3.5 bathroom is sold TURNKEY with finishes and furniture provided by French interior design firm Liagre. This Miami Beach penthouse offers views over Surprise Lake, Biscayne Bay and Downtown and is currently asking $5,995,000 or $1,747 per SF. For more information contact the David Siddons group at 305.508.0899.

Comparing the Prices per SF of the Ritz Carlton Residences in Miami Beach with other Miami Luxury Condos for Sale

The below overview is an overview of all the dollar prices per SF  for the desired Miami Luxury condos for sale. You can see that the range goes from $900 to $3,000 per SF. The blended average for the brand new Ritz Carlton residences is $1,250 per SF. These residences are delivered fully finished and furniture ready. Owners add in their own closets, window treatments, and personalized lighting & A/V (which we are fully fiber and pre-wired for smart home). Compared to Miami Beach condos with a hotel component or with hotel quality services the Ritz also offers the best price per SF.

A Home on the water vs a condo on the water

With an average sales price of $1,250 per SF a 3,500 SF unit on the water would trade for just under $4.5M. A waterfront lot in Miami Beach alone would trade for $3M or $4M. Beside that you would need between $1M to $3M to build a luxurious home. If you do not care about having an actual garden or a large lot then this is definitely a more affordable and easier option. Call me at 305.508.0899 for a more in-depth analysis of Miami Beach homes vs Miami Beach condo options.

The Ritz Carlton Residences for sure offer high quality living. If you are set to live right on the sand or in a very high floor unit then this condo is probably not for you. If you prefer to live in a more quiet section on the beach in a condo that feels like a home with the signature 5 star services of the Ritz Carlton brand then this is the condo for you.

Contact me today for more information about the Ritz Carlton Residences in Miami Beach or to compare it to other luxury condos in Miami.

David Siddons | David@siddonsgroup.com | 305.508.0899

David Siddons is a top producing realtor and Director of Luxury Sales with Douglas Elliman real estate. He is known for his market analyses and he is the author behind many of Miami’s most influential real estate reports and forecasts.

FAQ

These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!

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