Miami Dossierby Metrik WhatsApp the Desk
Trusted Market Intelligence™

Buying at The Ritz-Carlton Residences, South Beach from abroad: the wire, the entity, FIRPTA and the visit you may never need

Most buyers of new Miami towers do not live in Miami. At The Ritz-Carlton Residences, South Beach the purchase works the same from anywhere; what changes is the paperwork around the money and the title.

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.

The Money

Wires, source of funds, the account.

Deposits are wired to the escrow agent named in the contract in US dollars; the developer never takes cash and the escrow agent will ask for the source of funds under US rules. A buyer abroad opens or uses a US-dollar account early, because the first deposit is usually due within days of signing.

The Ritz-Carlton Residences, South Beach: The deposit schedule is held by the desk and read with you before contract.

Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.

Title And Taxes

Person, trust, company.

A non-resident may hold a Florida residence personally, through a trust, or through a company, domestic or foreign. Each changes the estate-tax exposure, the income-tax treatment of rent, and the FIRPTA withholding at sale, which takes a percentage of the gross price at closing unless an exemption applies. These are structuring questions; the desk introduces counsel and an accountant before contract, not after.

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.

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Signing And Visiting

Remote closing is normal.

Contracts, disclosures and closing documents are signed remotely; notarization follows US rules for documents executed abroad. Many buyers visit once, at the sales gallery or at delivery; some never do. The desk walks the site, films the view line, and reads the documents with you by video.

The Ritz-Carlton Residences, South Beach: 1671 Collins Avenue, Miami Beach, oceanfront in South Beach proper, adjacent to the Lincoln Road corridor.

The Desk Question

One sentence.

Which structure should I ask counsel about before I sign, and what will the escrow agent need from me? The desk knows the answers for this building and introduces the advisers.

The ocean is the same from any passport. The paperwork is not.

Sources

What this note rests on.

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.

The Shift

What the desk holds on The Ritz-Carlton Residences, South Beach

Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.

The plans by line, and which lines are left. The developer’s current release, not the brochure’s.
The deposit schedule. Proportions, trigger dates, and where the money sits.
What the sales gallery will not volunteer. The view lines that close, the floors that trade first, the association budget.
Where we would not proceed. Sometimes the answer is a different building. Sometimes it is not yet.

WhatsApp the desk · 305.588.4547·[email protected]

Common Questions

What the buyer outside the United States asks

Can a foreign buyer purchase at The Ritz-Carlton Residences, South Beach?
Yes. Florida places no restriction on foreign ownership of a condominium residence; the contract and the escrow process are the same.
Do I need to visit Miami to buy at The Ritz-Carlton Residences, South Beach?
No. Contracts and closing are signed remotely; the desk represents buyers who visit once or not at all.
What is FIRPTA?
A US rule that withholds a percentage of the gross price when a foreign owner sells US real estate, settled against the actual tax owed; counsel and an accountant plan for it at the entry.Read the full answer
Who is the developer of The Ritz-Carlton Residences, South Beach?
Sobe Sky Development LLC with Flag Luxury Group; sales and marketing by Douglas Elliman Development Marketing.
Where is The Ritz-Carlton Residences, South Beach?
1671 Collins Avenue, Miami Beach, oceanfront in South Beach proper, adjacent to the Lincoln Road corridor.
How many residences does The Ritz-Carlton Residences, South Beach have?
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.
Who designed The Ritz-Carlton Residences, South Beach?
Kobi Karp Architecture and Interior Design.
Who runs The Ritz-Carlton Residences, South Beach once it opens?
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.
What amenities does The Ritz-Carlton Residences, South Beach have?
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.
What is the entry price at The Ritz-Carlton Residences, South Beach?
The developer’s current pricing is held by the desk; current pricing and availability are discussed one to one.
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Before You Act On Any Of This

Before you act on any of this

We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.

WhatsApp the desk · 305.588.4547·[email protected]

Who answers this page

Miami Dossier is the private buyer advisory of Metrik Real Estate, built to represent buyers in Miami pre-construction. Principal: Samuel Strauch.

A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.

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