The monthly cost in a brochure is a single number. The budget behind it has twenty lines, and three of them move. At The Ritz-Carlton Residences, South Beach, here is how to read it before contract.
This page is a framework. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
Insurance is quoted at the developer’s estimate and renewed at the market’s; in Miami it has moved more than any other line. Staffing follows the amenity list: every pool, spa, restaurant and door has a person behind it. A brand or management fee is a contract with an escalator.
The Ritz-Carlton Residences, South Beach: More than 50,000 square feet: a private double height lobby, 24 hour doorman, concierge and valet, a Level 7 amenity floor with a private lap pool and four semi private cabanas, a Technogym fitness centre, a residents’ beach club with cabana service; restaurant and beach club programming by Jose Andres; à la carte in residence dining, personal chef, trainer, spa, childcare and pet care.. The Ritz-Carlton name under licence to Sobe Sky Development LLC; not owned, developed or sold by The Ritz-Carlton Hotel Company; direct access to the Sagamore, the all suite addition to The Ritz-Carlton, South Beach; owner benefits at more than 700 Marriott International luxury hotels, subject to availability.
Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
Since 2022 Florida requires funded structural reserves and a reserve study for buildings of three storeys and more; an estimated budget that shows reserves as a real funded line is a budget written for the law. One that shows a token amount is a budget written for the brochure.
Utilities for common areas, elevator contracts, landscaping, administrative costs. Predictable, and a useful check: if the fixed lines look thin for a building of this size, the whole estimate was built to a number.
The Ritz-Carlton Residences, South Beach: 30 residences over 15 storeys, one to five bedrooms, including two duplex penthouses with private rooftop terraces, pools and kitchens; sales launched February 2025; delivery planned 2027.
Show me the estimated budget by line, and which lines are quotes rather than estimates. The desk has it.
The monthly number is a sum. Read the terms of the sum.
Developer materials for The Ritz-Carlton Residences, South Beach as carried on the live dossier, verified September 2026. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.
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Miami Dossier is the private buyer advisory of Metrik Real Estate, built to represent buyers in Miami pre-construction. Principal: Samuel Strauch.
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