Miami’s fiery market is a magnet for investments: home prices hover around $600,000, up from 8.6% last year. But even in this supercharged real estate space, certain places tower above the rest. Some of Miami’s most ultra-luxurious condominiums also come with high price tags well beyond market values, even when talking pre construction.

Whether you want an exclusive condo on a private island or an expensive unit near the Miami port so weary Caribbean cruise guests can live in the lap of luxury, you have a breathtaking array of options, as we’ll detail in this guide.

However, it’s important to note that condominium prices are very dynamic. This is true of every real estate space, but high-priced property is especially sensitive to market fluctuations. Any prices featured here are general estimates based on previous sales. If you’re interested in a unit at any of these destinations, contact the developer directly for more accurate pricing.

The Residences at Mandarin Oriental, Miami

Set to deliver in 2029, The Residences at Mandarin Oriental, Miami, is already making major waves in the local real estate market. This sumptuous property is located on Brickell Key, a private island managed by Swire Properties and known for having only the best accommodations.

The 66-story, 228-unit condominium is designed by Kohn Pedersen Fox Associates, a New York-based firm renowned for its sustainable yet beautiful creations. Most importantly for investors, residents will gain access to an 80,000-square-foot amenities platform with landscaped pools, a tea garden, and private chef kitchens. One of the biggest draws is the inclusion of Mandarin Oriental’s legendary spa, which allows wellness enthusiasts to book a time slot rather than specific services through their “Time Ritual” process and then devise a customized plan in consultation with their aesthetician.

Currently, prices for the Residences at Mandarin Oriental, Miami, start at $3.5 million and go up to $5 million. The penthouse has recently sold for an incredible $100 million. Given how fast units are selling out right now, you can be guaranteed a quick sale on luxury property if you purchase here.

The Shore Club Residences

In May 2024, The Shore Club Residences broke the record for Miami's most expensive condominium purchase when the penthouse suite went under contract for $120 million. The previous record, set in 2015 for a pair of penthouses at Faena House, was only $60 million; this means the ceiling for Miami real estate doubled in just nine years.

It’s not hard to see why the Shore Club Residences penthouse netted such a high price: it features 10,500 interior square feet and 7,500 square feet of terraces, including a private pool. The complex also protects a precious piece of Miami history, as it is a redevelopment of a 1930s Art Deco beach club that features a new 18-story glass tower. Each unit has a unique style, creating an unforgettable experience for residents.

Rosewood Residences Miami Beach

This groundbreaking project by real estate developer SHVO will see the iconic Raleigh Hotel joined with its neighbors, the Richmond and South Seas hotels, into a new residence and hotel complex. Meticulous restoration will keep some of the Raleigh Hotel’s most beloved features, including its graceful curved swimming pool, the Martini Bar, and the Tiger Room, all in consultation with the Miami Beach Historic Preservation Board.

Rosewood Residences will adjoin the Raleigh Hotel and its neighbors with 44 ultra-luxurious units in a new glass tower. Unobstructed views of the ocean and close proximity to the city’s beloved beaches make this an incredible investment for the savvy buyer. The penthouse's asking price is a record-shattering $150 million, and though it has not yet been sold, its lucky owner will have some of the best views in Miami Beach.

Ritz-Carlton Residences South Beach

Ritz-Carlton Residences South Beach continues the trend of converting historic hotels into luxurious condominiums for well-heeled residents. The former Sagamore Hotel has been reimagined into 30 residences across 15 floors, which will sit next to another Ritz Carlton property.

Great pains have been taken to retain the old Miami glamor of the Sagamore Hotel, particularly in the lobby. Entering the building, residents will be captivated by the quaint library and lounge seating, then head to the fully restored cafe to catch a quick drink before heading home. There are also two separate pools with 12 semi-private cabanas to offer the utmost relaxation.

The crown jewel of this project is the duplex penthouse, on sale for $125 million, which will provide unparalleled views of beautiful South Beach. Residents will also be able to enjoy specialized culinary experiences from a Michelin-starred chef, then head to the beachfront club or spa to relax in the sunshine.

Invest in the Best at Miami’s Ultra-Luxurious Condominiums

Miami has become a magnet for venture capitalists, investors, and other influential individuals who want only the best from their residences. Locales like The Residences at Mandarin Oriental, Miami, the Shore Club Residences, Rosewood Residences Miami Beach, and Ritz-Carlton Residences South Beach have been designed to captivate those seeking supreme luxury.

Each has starting prices above $2 million and penthouses that have sold for $100 million or more, demonstrating that owners will enjoy legendary hospitality. Consider these four incredible investment opportunities if you’re ready to elevate your lifestyle.