A branded residence on the bay side rather than the ocean side, which changes the product more than buyers expect.
This page describes the residence. Whether it is available, and on what terms, changes without notice. Contact the desk at Miami Dossier for the current position on any building we cover.
The upper residences of a low rise development designed by Piero Lissoni, on the Miami Beach waterway rather than the Atlantic, with a marina and boat slips.
Being on the bay side rather than the ocean means western exposure, sunsets and calmer water, and it means no beach.
Bay side and ocean side are different products at similar prices, and the choice is not about quality.
We publish no figure. No closed penthouse sale or reported contract here has appeared in the public record we have found.
The building is delivered and has traded, so recorded comparables exist within it. Those are the figures to use.
Comparing a bay side branded residence to an oceanfront one on price alone is comparing different products.
A delivered low rise development with a marina, private villas and boat slips, in a lower and more horizontal register than the towers on the ocean.
Piero Lissoni is a designer of genuine standing and the building reflects a restrained Italian modernism rather than the resort vocabulary common in this market.
Ritz-Carlton branding brings a defined service standard with a defined and permanent cost.
Boat slips are a separate question from residences. Establish whether a slip is included, deeded, licensed or leased, what size vessel it accommodates and what it costs, because these vary enormously.
Waterway frontage means marine traffic, and it means the water view is closer and busier than an ocean outlook. Visit at a weekend afternoon.
Ask what the Ritz-Carlton agreement obligates after closing, for how long, at what annual cost, and what happens if the relationship ends.
These are different products serving different lives, and comparing them on price per foot obscures the only question that matters, which is whether you want a beach or a boat. Contact the desk at Miami Dossier and we will go through both sides of the island properly.
We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what is actually available at the top of this building, what the last comparable trade was, and where we would not proceed. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.