Miami Beach $125 Million Penthouse Rivals NYC Billionaires’ Row

A sprawling penthouse at a new Miami Beach condo tower with Ritz-Carlton amenities is expected to be marketed at $125 million, putting it on par with some of New York City’s ritziest buildings.

Developers are plotting out the new 15-story luxury condo tower next to a Ritz-Carlton hotel in the heart of South Beach. Broker Fredrik Eklund expects the 30 condos to sell for a combined $450 million, with prices ranging from $3.9 million to $125 million for a possible combination of the building’s two duplex penthouses. The tower is expected to be completed in April 2027.