The highest asking figure publicly attached to a Miami residence, on top of a building whose value is as much historical as it is dimensional.
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.
A full floor residence reported at approximately 13,000 square feet of interior space, with an extensive private rooftop carrying a pool and open Atlantic views. Designed by Peter Marino, a practice far better known for the Chanel, Dior and Louis Vuitton flagships than for residential towers.
The Marino involvement is the substantive point rather than a name on a brochure. His retail work is characterised by material weight and a resistance to the glass box vocabulary that dominates this market, and a residence executed in that language sits apart from almost everything else being built in Miami Beach.
This is a heritage and design position as much as a real estate one.
Marketed at a reported $150 million, the highest figure publicly attached to a Miami residence.
This is a marketed asking price, and the gap between an asking figure of this size and any closed comparable in the market is very wide. The county record close is $86 million.
The residence has been described in trade coverage as among the last of its calibre not yet under contract. Treat that framing as marketing language that happens to be accurate rather than as an independent finding.
An asking price is a statement of what a seller hopes. It is the weakest form of price evidence and it is the one most often repeated as though it were a trade.
The Raleigh is being restored as a Rosewood branded oceanfront residence of roughly 40 units in a seventeen storey building, preserving the 1940s fabric including the fleur-de-lis pool that is among the most photographed in Miami Beach history.
Dining is by Langosteria. Completion has been indicated around 2027 to 2028.
Restoration projects carry a category of risk that new construction does not: the condition of what is being kept is only fully known once work is underway, and historic review governs what may be altered. Both bear on timeline.
A seventeen storey building next to newer towers means the view corridor is not secured by height. Establish what stands and what may be built between this residence and the water on each side.
Historic designation constrains alteration. Whatever you may wish to change about a residence in a preserved building, confirm what the designation permits before assuming a renovation is available to you later.
Roughly 40 residences carrying the operating cost of a restored landmark hotel with a full service brand and a signature restaurant is a specific monthly arithmetic. Ask for the projected operating budget and read the assumptions, not the total.
A $150 million asking price and an $86 million closed sale are different categories of fact, and confusing them is the single most common error in reading this market. Contact the desk at Miami Dossier and we will show you what has actually traded in Miami Beach at the top of the market and how that frames anything being asked today.
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.