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A $21 Million Dollar Penthouse at the Ritz-Carlton Residences in Sunny Isles Beach Just Sold

Lisa Yarde by Lisa Yarde
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A $21 Million Dollar Penthouse at the Ritz-Carlton Residences in Sunny Isles Beach Just Sold
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Sunny Isles is a Luxury lifestyle property development with a combined venture between Fortune International Group and Chateau Group, to provide legendary service to a 52 story tower directly on 250 feet of pristine beachfront. According to the builders, the condo has 7,760 square feet of interior area over 3,000 square feet of outdoor area and terraces.

Spanning the full 51st at the fifty-two story condominium tower, the penthouse has 7,760 square feet of interior area, including 4 bedroom and staff quarters, 6 and half bathrooms, a large great room, a living room, an expansive kitchen with spectacular Miami Skyline views, a family room, a den, a home theater.

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The apartment also has nearly three-thousand square feet open-air terraces with a summer kitchen, a private pool and a private garden. Construction of the tower, with 250 feet of beach frontage, started in mid-2016. About eighty percent of the tower’s 209 residences have sold, including 4 penthouses.

In the midst of the COVID-19 pandemic, the developers have done 112 closings, with a big number of them conducted virtually, Mr. Defortuna said. Late last month, the developers declared that they have paid off a $212 million construction credit from Bank OZK, which they undertook in September 2016.

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