Ritz-Carlton Residences South Beach Location & Neighborhood
1671 Collins Avenue, Miami Beach, FL 33139
The Neighborhood
What's within reach.
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Atlantic Ocean (Mid-Beach) Direct beachfront0.05 mi
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Lincoln Road Walking distance0.4 mi
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Collins Avenue retail Walking distance0.1 mi
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South Beach Art Deco district Walking distance0.3 mi
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The Setai Walking distance0.2 mi
Life at Ritz-Carlton Residences South Beach
Miami Beach is known for its walkability, quality of life, and luxury lifestyle. The Ritz-Carlton Residences South Beach is set to be right at the center of it. The historic Sagamore Hotel will be completely restored to keep its Art Deco glory — while a modern 15-story tower behind it rises with ultra-exclusive residences and world-class ocean views.
Ritz-Carlton Brand Management
Residences managed by the Ritz-Carlton brand — owners receive five-star concierge, housekeeping, dining, and Ritz-Carlton global privileges. 50,000+ sq ft of Ritz-Carlton-branded amenities.
$125M Trophy Penthouse
Trophy penthouse — combining the two duplex penthouses — expected to command $125 million. Among the most expensive condominium asking prices in Miami Beach history.
Boutique 30-Residence Scale
Just 30 total residences — far smaller than typical Ritz-Carlton developments. Boutique exclusivity with Ritz-Carlton management. $450M projected sell-out.
Studio Munge Interiors
Interior design by Studio Munge (Toronto-based) — known for hospitality and ultra-luxury residential. Honey oak cabinets, Calacatta marble countertops, custom bronze inlays throughout kitchens.
Sagamore Hotel Art Deco Heritage
Restored historic Sagamore Hotel preserving its Art Deco glory — combined with new modern 15-story tower behind. Kobi Karp Architecture (also Six Fisher Island, Raleigh Rosewood, Palazzo Della Luna).
Ritz-Carlton Residences South Beach Investment & Market Outlook
Why Miami Beach Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. Miami Beach specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like Ritz-Carlton Residences South Beach typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard Miami Beach pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. Ritz-Carlton Residences South Beach follows the Miami Beach market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at Ritz-Carlton Residences South Beach
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
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01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
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02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
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03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
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04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
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05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
Ritz-Carlton Residences South Beach FAQs
Answers to the most common questions about Ritz-Carlton Residences South Beach pricing, amenities, and policies. For anything else, our team is here to help.
How much do Ritz-Carlton South Beach residences cost?
Ritz-Carlton Residences South Beach pricing starts at $3.9 million for one-bedrooms. 2-bedrooms from $6M, 3-bedrooms from $12M, 4-bedrooms from $25M. The trophy penthouse — combining two duplex penthouses — is expected to command $125 million.
Who is developing Ritz-Carlton South Beach?
The Ritz-Carlton Residences South Beach is developed by Sobe Sky Development. Total projected sell-out value is $450 million for the 30 residences. Exclusive broker: Douglas Elliman.
Who designed Ritz-Carlton South Beach?
Architecture by Miami's Kobi Karp Architecture (also designed Six Fisher Island, Raleigh Rosewood Residences, Palazzo Della Luna, Monad Terrace collaboration). Interior design by Studio Munge — Toronto-based hospitality and ultra-luxury residential specialists.
When will Ritz-Carlton South Beach be completed?
The Ritz-Carlton Residences South Beach is anticipated to be completed in Spring 2027.
How many residences does Ritz-Carlton South Beach have?
30 total ultra-exclusive residences across 15 stories. 1- to 5-bedroom layouts plus trophy penthouse (combination of two duplex penthouses).
What's included in each residence?
Ritz-Carlton-branded service (concierge, housekeeping, dining), Studio Munge interior design, honey oak cabinets, Calacatta marble countertops, custom bronze inlays throughout each kitchen, 1- to 5-bedroom layouts, oceanfront positioning.
What are the amenities?
50,000+ sq ft of bespoke five-star amenities managed by the Ritz-Carlton: oceanfront beach club, spa, Michelin-starred culinary experience, restored Art Deco swimming pool, premium concierge programming. Ritz-Carlton global privileges. Owners receive Ritz-Carlton membership-equivalent benefits.
Is the historic Sagamore Hotel being preserved?
Yes — the historic Sagamore Hotel will be completely restored to keep its Art Deco glory. Behind the historic hotel building, the modern 15-story Ritz-Carlton tower rises with an exclusive collection of residences offering world-class ocean views. The development is focused on preserving the striking and captivating Art Deco style.
