The Villas at The Ritz Carlton Residences Miami Beach | Ritz Carlton Branded Waterfront Homes in Miami Beach

The Ritz Carlton Residences Miami Beach is now offering Waterfront Homes

The Ritz Carlton Residences in Miami Beach are offering 15 unique villas (8 waterfront and 7 dry lot homes) designed by Piero Lissoni. Located at 4701 Meridian Avenue in Miami Beach these waterfront homes will offer 3,4 and 5 bedroom layouts, ranging from 3,263 to 4,643 interior SF on 7,000 to 10,000 SF lots.  The homes are scheduled for delivery in Q2 of 2022.

This is really a project for those that want the best of two worlds; A luxury waterfront home, but with the amenities and services of a 5 star condo. The project allows you to enjoy single-family home life with a maintenance-free lifestyle, because these services are included with the association dues. This means your private pool, backyard, landscaping and private dock are all being maintained by the association. Furthermore, insurances for wind, flood and hurricane are included in the HOA fees as well. Although several Miami condo projects offer townhomes, none of them offer actual single-family homes on the water, with the services of one of the world’s most exclusive hotel brands. This is a truly unique concept and we can’t wait to see how fast these will sell. The residences will be developed by GFI Development Company and Cheoff Levy and Fishman is the architect firm behind these homes. Below we are sharing the very fist round of information for the Villas at The Ritz-Carlton Residences. This is very basic information as we are waiting for renderings and further details.

The Ritz Carlton Residences in Miami Beach with on the right hand side of this rendering the location of the waterfront Villas at the Ritz Carlton Residences Miami Beach

Features of the Villas at the Ritz Carlton Residences in Miami Beach

  • Custom Two-Story Residence Designed by Piero Lissoni
  • Waterfront Villas With Private Dockages
  • Air Conditioned Two Car Garage
  • Private Pool
  • Variable Refrigerant Flow HVAC System
  • Lualdi Solid-Core Oversized Doors
  • Expansive Hurricane Resistant Windows and Doors
  • Laundry Room With Electrolux Front-Loading Washer
  • and Dryer
  • Fenced Private Yard

Renderings of the Villas, taken from MLS lisitngs

Piero Lissoni Custom-Designed Kitchens

  • Boffi Kitchen by Lissoni
  • Expansive Stone Countertops
  • Gaggenau Built-in Fully Integrated Side-by-side
  • Refrigerator and Freezer
  • Gaggenau Gas Cook Top
  • Elica Range Hood
  • Gaggenau Microwave Oven
  • Gaggenau Stainless-Steel Wall Oven
  • Gaggenau Full-Size Fully Integrated Dishwasher
  • Gaggenau Wine Cooler
  • Gaggenau Coffee Maker
  • Fantini Plumbing Fixtures

The Master Bathrooms

  • Lissoni Designed Bathroom
  • Fantini Fixtures
  • Stone Floors and Walls
  • Oversized Glass-Enclosed Rain Shower
  • Soaking Tub

The Kitchens as seen in the Ritz Carlton condo residences

Residential Amenities at the Villas at the Ritz Carlton Residences

  • Tropically Landscaped Half-Acre, Roof-Top Pool Deck with Stunning Views of Miami Beach, Downtown Miami and Biscayne Bay
  • Private Frauscher Day Yacht
  • Private Residents’ House Car
  • Private Boat Dockages
  • Beach Concierge Services for Beach Club Access
  • Two 24-Hour Attended Lobbies
  • 24-Hour Valet Parking Service
  • Waterfront Social Room with Bar, Catering Kitchen and
  • State-of-the-Art Entertainment System
  • Expansive Infinity-Edge Pool with Waterfall
  • Spacious Private Poolside Cabanas
  • Whirlpool Spa
  • Poolside Grille Restaurant
  • Private BBQ/Dining Area
  • Meditation Garden
  • Club Room with Bar, Multi-Sport Simulator and
  • Pool Table
  • Cinema-Style Screening Room
  • On-site Spa with Steam Room, Sauna and Treatment Suite
  • State-of-the-Art Fitness Center
  • Indoor & Outdoor Yoga Studios
  • Boardroom/Library
  • Art Studio
  • Kids’ Room
  • Carwash Facilities
  • Pet Grooming Room

As part of real estate ownership at The Ritz-Carlton Residences, Miami Beach, the knowledgeable and experienced concierge team is available to assist with personal arrangements.

Some images of the 5 star amenities the Ritz Carlton Residences has to offer.

The Site Map of the Villas at the Ritz Carlton Residences Miami Beach

The Villas at The Ritz Carlton Residences Miami Beach

The location of the villas at the Ritz Carlton Residences in Miami Beach offering both dry lot as well as waterfront homes

The Prices and Price Comparisons

Preliminary prices show that dry lot homes will be marketed for approx. $4M to $5M or about $850 to $950 per SF if you take the garage and the balcony/decks into account. If you just look at interior SF (which is common) than the price per SF ranges between $1,320 and $1,520 per SF. The waterfront homes will be listed for $6M to $7.5M and this includes the dock. With 4,300/4,600 SF of interior space the listing price will be $1,400 to $1620 per SF. (Prices are subject to change)

Comparing this to closed sales of newer Miami Beach waterfront homes

In the last 2 years, 3 newer homes sold, two of which were located on Prairie Ave. Both were built in 2018 by the same architect as the Villas. These 6,000 /7,000 Sf waterfront homes offer a dock and are located on a 12,000 SF lot. They sold respectively for $6.7M ($978 per SF) and $7M ($1,112 per SF).  5191 Pine Tree Drive sold for $6.3M ($1,080 per SF) also including a dock. This 5,829 SF home is located on a 12,000 SF lot and was built in 2016. The listing prices of the Ritz Carlton villas are in line with these sales prices, although these properties are larger and located on larger lots. Today’s market however is very different than the market in the last 2 years. Buyers are screaming for waterfront homes in desired areas of Miami Beach and prices are increasing.

Looking at brand new (2020 or more recent) waterfront homes that are currently for sale on the beach we see that homes start selling around $5M, but not in the more desired areas of La Gorce and Nautilus. The brand new waterfront homes in the most desired areas start selling just above $10M (Asking prices) or $2,000 per SF! In the area the project is located they currently start selling at $15M.

This project offers the opportunity to buy a Miami Beach waterfront home below the $10M mark in one of Miami’s most desired neighborhoods. Not only does the project provide you with great views, amenities and services it will also keep up your garden, dock and backyard. It really is a perfect combination. Ps: The project hasn’t officially launched and already sold 3 homes!

4510 Prairie Ave sold for $1,112 per SF or $7M. This 6,291 SF home offers 6 bedrooms and is located on a 12,130 SF lot. Like the Villas at the Ritz Carlton Residences this waterfront home offers a dock and is designed by Cheoff, Levy and Fishman.

Contact David Siddons for more information about these spectacular Villas at the Ritz Carlton Residences in Miami Beach and to compare these to other Miami Beach Homes for Sale.

David Siddons | 305.508.0899 | David@siddonsgroup.com

David Siddons is a top producing Miami real estate agent and Director of Luxury Sales at Douglas Elliman. He is known as a market analyst and he is the author of several of Miami’s most influential and most read 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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