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

Miami Beach’s penthouse market is redefining the ceiling for condo pricing, led by ultra-low-density, branded, oceanfront offerings with private rooftop amenities. From a publicly marketed $150 million full-floor residence at The Raleigh by Rosewood to $120 million-plus deals at legacy Collins Avenue addresses, today’s pinnacle purchases are increasingly about acreage in the sky, restoration-grade heritage, and service ecosystems that rival five-star hotels.

Miami Ultra-Luxury Real Estate in 2026: Where the Market Draws the Line

In South Florida’s top zip codes, “luxury” has become a broad label, while “ultra-luxury” is increasingly treated as its own tier with different price logic, buyer behavior, and product expectations. This editorial clarifies the working price bands, why branded residences and service platforms command a premium, and how micro-markets like Miami Beach and the private-island enclaves separate ordinary high-end from true trophy real estate.