Top 5 Ultra-Luxury Penthouses Currently on the Market in Miami Beach

Miami Beach’s trophy-penthouse moment has arrived. From a $150 million crown at the reborn Raleigh to invitation-only sky estates on Fisher Island, five exceptional residences now define the city’s new pinnacle. These homes combine vast indoor-outdoor square footage, landmark design pedigrees, and full-service privacy that rivals elite global markets. Below, we detail the five standouts across South Beach, Mid-Beach, South of Fifth, and Fisher Island, and outline the nuanced considerations that matter when acquiring a true sky estate in Miami Beach’s most rarefied tier.