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Miami Development sells over $130 million in 75 Days

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Florida has seen a huge growth on real estate, with a number of locations in Miami setting new records and a development by Lionheart Capital, a Miami based real estate development and capital investment firm, recently announced that the Douglas Elliman Development Marketing team sold over 30 residences in the 75 days at The Ritz-Carlton Residences, Miami Beach. The total value of the sales were over $130 million.

Amazingly, The Residences have completely sold out its Penthouse collection which in itself is a new milestone, totalling over $51 million in sales.

We are seeing a real sense of urgency from buyers, as the Miami real estate market is heating up. The response to The Ritz-Carlton Residences, Miami Beach’smodern design, exclusive amenity collection and premier location has been tremendous. Our competitive edge is that our residences feel like bespoke homes coupled with the highest-quality finishes and five-star services provided by Ritz-Carlton.

Ophir Sternberg, CEO and Founder of Lionheart Capital.

The development homes range from two to five bedroom apartments with interior sizes from 2,000 to over 10,000 square feet . Owners have a choice of over sixty unique floor plans, starting from $2 million. Notables residents include celebrity couple Cindy Crawford and Rande Gerber, Major League Baseball Hall of Famer Mike Piazza, Miami Marlins’ Major League Baseball top draft pick Corey Dickerson, former Miss Germany Petra Levin, CEO and Chairman of American Eagle Outfitters Jay Schottenstein and celebrity sports agent Jason Rosenhaus.

Buyers are drawn to The Residences’ distinctive selection of world-class resort-style, personalized services and life-enriching features such as the world’s first residential art studio, 36 private boat dockages and private on-site captained day yacht, chauffeured house car, half-acre rooftop pool deck with private cabanas and restaurant grille, beach concierge, pet grooming facilities, yoga and meditation studio, private cinema-style screening room, social room and club room, kids’ room, library and gardens. With health and wellness as a top priority, the development offers buyers a medical concierge as a closing gift, which includes a complimentary one-year membership with celebrity author of The South Beach Diet, Dr. Arthur Agatston.  

We are seeing a steady amount of interest from buyers looking to purchase at The Residences to use as a primary or secondary home and indulge in the exclusive amenity collection and premier service that comes with the iconic brand.

The Ritz-Carlton Residences, Miami Beach continues to set the benchmark for a new standard of fine living in one of South Florida’s most affluent neighborhoods.

Jay Phillip Parker, CEO of Douglas Elliman South Florida.

Located on seven-and-a-half acres in a peaceful enclave of Miami Beach, The Residences is the only waterfront project of this magnitude in this exclusive neighborhood. Just a short distance from home, residents can enjoy restaurants and the famed shops of the Design District and Bal Harbour, South Beach and Sunset Harbour, and then return to the comfort and privacy of their residence in mere minutes.

For more information, please visit www.theresidencesmiamibeach.com

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