THE ST. REGIS RESIDENCES, MIAMI PASSES 80% SOLD AS PENTHOUSE GOES UNDER CONTRACT FOR $47 MILLION
The announcement that THE ST. REGIS RESIDENCES, MIAMI PASSES 80% SOLD AS PENTHOUSE GOES UNDER CONTRACT FOR $47 MILLION marks another milestone for Miami’s luxury residential market. The contract for the development’s two-story Charles Penthouse ranks among the largest condominium transactions ever recorded in Brickell, underscoring the continued appetite for ultra-luxury waterfront residences.
Purchased by a family relocating from New York to South Florida, the record-setting transaction highlights the ongoing migration of affluent buyers seeking luxury homes in Miami while reinforcing the city’s status as one of the nation’s premier destinations for high-end real estate.
A Landmark Penthouse Sale in Brickell
Encompassing approximately 10,012 square feet, the Charles Penthouse is the largest residence sold within the development to date. The $47 million contract represents one of Brickell’s most significant condominium sales and further demonstrates sustained confidence in Miami’s luxury market.
The transaction also pushes sales at The St. Regis Residences, Miami beyond the 80% mark, bringing total sales to approximately $900 million. With momentum continuing, the project is approaching an anticipated sellout nearing $1 billion.
According to luxury housing trends reported by Knight Frank, branded residences continue to outperform traditional luxury developments by attracting global buyers seeking premium services and long-term value.
A Premier Waterfront Development
The 50-story residential tower is being developed by Related Group in partnership with Integra Investments along the shores of Biscayne Bay at 1809 Brickell Avenue.
Construction commenced in late 2024 and continues to advance toward its anticipated topping-out later this year, with completion projected in 2027.
Designed by Robert A.M. Stern Architects—marking the firm's first residential project in South Florida—the development also features interiors by Rockwell Group. Upon completion, it will include 152 luxury residences, including expansive penthouses, sky villas, and two standalone garden villas.
To explore similar opportunities, visit Brickell luxury condos and Miami waterfront condominiums.
Resort-Style Amenities Define the Lifestyle
Residents will enjoy more than 50,000 square feet of indoor and outdoor amenities designed to deliver a five-star living experience inspired by the renowned St. Regis lifestyle.
1. Professional fitness center with dedicated yoga and Pilates studios.
2. Full-size pickleball court and private marina.
3. Spa and holistic wellness center with indoor lap pool.
4. Landscaped outdoor gardens designed by Enea Garden Design.
5. Residents-only fine dining restaurant led by Michelin-starred chef Fabio Trabocchi.
6. Signature St. Regis Tea Room, butler service, concierge assistance, house car, and personalized residential services.
These hospitality-focused amenities mirror broader luxury real estate trends identified by the Urban Land Institute, where branded residences increasingly prioritize lifestyle and wellness alongside architecture.
Continued Migration Fuels Miami's Luxury Market
The latest penthouse sale reflects a broader trend of affluent buyers relocating from the Northeast to South Florida.
This migration has played a significant role in driving demand for premier residential developments throughout Miami, particularly within Brickell's waterfront district. As buyers continue to seek tax advantages, lifestyle amenities, and waterfront living, Miami remains one of the country's strongest-performing luxury housing markets.
Industry insights from Forbes Real Estate continue to identify South Florida as a leading destination for high-net-worth individuals and luxury property investment.
Positioned for a Billion-Dollar Sellout
With construction progressing and sales nearing complete absorption, The St. Regis Residences, Miami is emerging as one of the city's most successful branded residential developments.
The combination of world-class architecture, waterfront location, hospitality-driven services, and exceptional buyer demand positions the project among Brickell's most prestigious residential addresses.
For additional market insights, explore Miami real estate market trends.
FAQs
1. What is the value of the Charles Penthouse contract?
The Charles Penthouse is currently under contract for approximately $47 million.
2. Where is The St. Regis Residences, Miami located?
The development is located at 1809 Brickell Avenue along Biscayne Bay in South Brickell.
3. Who is developing the project?
Related Group and Integra Investments are jointly developing the luxury condominium.
4. How many residences will the tower include?
The project will feature 152 luxury residences, including penthouses, sky villas, and garden villas.
5. When is the development expected to be completed?
Construction is anticipated to conclude in 2027.
6. What amenities will residents enjoy?
Residents will have access to wellness facilities, a private marina, fine dining, concierge services, butler service, and more than 50,000 square feet of luxury amenities.
7. Why is this penthouse sale significant?
It ranks among Brickell's largest condominium transactions and highlights continued demand for ultra-luxury waterfront residences.
8. What does reaching 80% sold indicate?
It reflects strong buyer confidence and positions the development on track for a nearly $1 billion sellout.
