Miami Dossierby Metrik WhatsApp the Desk
Trusted Market Intelligence

What a Miami penthouse actually costs

Almost every published answer to this question mixes recorded sales with asking prices in a single list. The distinction is most of the information.

These are public figures at the top of the market. What a specific residence costs today is a question for the desk. Contact the desk at Miami Dossier for the current position on any building we cover.

Three Kinds Of Number

Learn to tell them apart and most confusion resolves.

A recorded sale. A deed exists. Money changed hands. This is evidence. There is very little of it at the top of this market.

A reported contract. A transaction is agreed but not completed. It may complete at a different figure, or not at all. This is journalism about a private agreement.

A marketed asking price. What a seller hopes. It is the weakest form of evidence and the most frequently republished.

Published lists routinely present all three in one table without distinguishing them, which makes the market look considerably more liquid at the top than it is.

What Is Actually Recorded

The evidenced trades.

$86 million, Seaway at the Surf Club, November 2025. The Miami-Dade condominium record, which reset a benchmark held since 2015 by a $60 million Faena House sale.

$30 million, Faena Residences Miami, July 2026. The largest sale ever recorded on the Miami River, executed as a presale.

$17.8 million, Una Residences, May 2026, for approximately 6,100 square feet in a completed Brickell building.

Note the decade between the 2015 and 2025 records. That gap tells you how few transactions occur at the very top and why any single one is a weak basis for pricing anything else.

What Is Reported But Not Closed

Handle differently.

Above $120 million, Shore Club Private Collection, reported as a contract since 2023 and still not closed as of mid 2026.

Roughly $49.9 million each, two penthouses at The Residences at Mandarin Oriental on Brickell Key, contracted March 2026 for delivery around 2030.

$150 million, Rosewood Residences at The Raleigh, a marketed asking price.

$59 million, the Aston Martin Residences triplex, an asking price since December 2022 that is widely and incorrectly republished as a closed sale.

A contract for a 2030 delivery is a four year instrument, and what it settles at will be tested at closing rather than now.

Reading Per Foot Figures

A ratio of two numbers, both of which move.

Per foot figures are reported by the trade press and they are useful. They are also a ratio whose denominator is measured inconsistently: some published areas are interior only and some combine interior and outdoor, and a residence with 7,500 square feet of terrace looks very different under each.

When a per foot figure appears, establish which area it used. The same residence can generate two figures differing by a third.

We cite per foot calculations from named trade reporting and we do not compute our own, because doing so would mean asserting an area figure we have not verified.

The Shift

Ask which of the three kinds of number you have been shown.

If a comparable was used to justify a price to you, establish whether it is a recorded sale, a reported contract or an asking price, because they carry entirely different weight. Contact the desk at Miami Dossier with any figure you have been given and we will tell you which it is and pull the recording where one exists.

Current availability at the top of any building we cover. What is genuinely open, and what is being held back.
The rooftop instrument. Whether private outdoor space is deeded, a limited common element, or licensed.
Floor plan analysis. What the drawing gives you once column placement, ceiling drops and usable outdoor area are read properly.
Where we would not proceed. Sometimes the answer is another building. Sometimes it is not now.

WhatsApp the desk · 305.588.4547·[email protected]

Common Questions

What buyers ask about penthouse pricing

How much does a penthouse cost in Miami?
Recorded sales at the top of the market range from roughly $17.8 million for approximately 6,100 square feet in a completed Brickell building to $86 million for the county record at Seaway at the Surf Club. Figures above that in circulation are contracts or asking prices rather than completed sales.
What is the highest price ever paid?
$86 million, at Seaway at the Surf Club in November 2025. The previous record was $60 million at Faena House in 2015, and the decade between them indicates how thin this tier is.
Why do published lists show much higher numbers?
Because they mix recorded sales with reported contracts and asking prices in the same table. A $150 million asking price and an $86 million recorded sale are different categories of fact.
Are per square foot figures reliable?
They are useful and they depend entirely on which area figure was used. Some published areas are interior only and some combine interior and outdoor. Establish which before comparing two per foot numbers.
What is a realistic budget for a Miami penthouse?
That depends on building, zone, exposure and whether you mean a singular residence or one of a collection. The recorded trades above give the top of the market. The desk can assemble recorded comparables for the tier you are actually buying in.
Before You Act On Any Of This

Very few numbers in this market are evidence.

We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will go through the specific buildings you are weighing, including the parts a sales gallery would rather skip. 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]

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