Where The Ritz-Carlton Residences, South Beach stands today is a fact you can check without asking the sales team: the county’s permit record, the site itself and the construction lender’s inspections all say how far a tower has risen. Progress runs in stages, from the permit through the foundation, the structure, topping off, the facade and the certificate of occupancy, and the deposit schedule is written around those same stages. Here is how to read where The Ritz-Carlton Residences, South Beach is, and what that means for a buyer deciding whether to sign now or wait.
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.
A Miami condominium is sold before it exists, and the gap between the launch and the keys is the whole subject of this page. In order: the reservation, then the contract once the condominium documents are filed with the state; the building permit and the construction loan, which in most projects wait for a sales threshold the lender sets; the foundation, piles driven deep and a mat poured over weeks; the structure; topping off, when the last slab is poured; the facade and the interiors, which take longer than buyers expect; and the certificate of occupancy, after which closings begin. Ask which of these The Ritz-Carlton Residences, South Beach has passed and on what date. The tower as planned: 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. The architect whose drawings the permit was issued on: Kobi Karp Architecture and Interior Design.
Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
Progress is public. Miami-Dade County, Palm Beach County and the cities each keep a permit portal where the master building permit and its inspections can be read by anyone with the address; a permit not yet issued means a tower not yet started, whatever the renderings say. The site can be driven past, and a crane, a pile driver or a topped-off structure tells you more than a film. Ask the developer of The Ritz-Carlton Residences, South Beach for the construction lender’s name and whether the loan has closed, because a lender’s draw inspections are the most disciplined record of progress there is, and ask for dated photographs rather than renderings; read any update for dates and floor numbers, not adjectives. Where the site is: 1671 Collins Avenue, Miami Beach, oceanfront in South Beach proper, adjacent to the Lincoln Road corridor. Who is building it, and on whose paper: Sobe Sky Development LLC with Flag Luxury Group; sales and marketing by Douglas Elliman Development Marketing.
The deposit schedule for a new condominium is usually written around construction milestones: a payment at contract, another at groundbreaking or at the permit, another at topping off, the balance at closing. That is not an accident; it ties your money to the developer’s progress and gives you a date to verify before each wire. Before a milestone payment, confirm the milestone happened: the permit record for the groundbreaking, the site for the top-off. Florida law governs how a developer may hold and use deposits on a pre-construction condominium, and the contract names the escrow agent who holds yours; read both with counsel, and ask what happens to each payment if a milestone is missed. The schedule for The Ritz-Carlton Residences, South Beach as published or held: The deposit schedule is held by the desk and read with you before contract. What you are paying for, as described: Private elevator with direct entry in most residences; wrap around terraces with glass railings; ten foot ceilings; floor to ceiling windows with Miami-Dade NOA rated systems; Gaggenau appliances; Bianco Rhino marble kitchens; Covelano Silver Gold marble primary baths.
Progress tells you where the building is; it does not tell you when it will finish, and nobody honest will give you that date as a promise. The contract carries an estimated completion date and an outside date, and the gap between them is the developer’s cushion; what progress adds is evidence. A topped-off tower is nearer its keys than a fenced lot, and a buyer who checks the record each quarter knows which The Ritz-Carlton Residences, South Beach is. The operator who will run the building once it opens, where there is one: 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 the finished building is meant to hold: 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 trade-off is choice against certainty. Signing early at The Ritz-Carlton Residences, South Beach means the widest choice of line and floor and the longest wait, with the deposits out and the finish unseen; signing late means a building you can stand in and whatever remains on the price list. The desk reads the permit record, the lender’s status and the deposit schedule for The Ritz-Carlton Residences, South Beach with you before either decision.
A rendering is a promise. A permit is a fact. Pay on the fact.
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.
A private report on the Miami market, sent when there is something worth knowing. No noise, no listings, no pressure.
Received. A note from the desk is on its way. If it has not arrived within a few minutes, please check your spam folder and mark it as not spam, so we can reach you.
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.
The Miami Dossier team works for the buyer, not the developer. Every agent on Samuel Strauch’s team represents buyers in Miami pre-construction.
A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.
