Top 10 Luxury Penthouses in South Florida for Sale in 2026
Quick Summary
- 2026 pricing spans verified $86M closings to marketed $150M penthouses
- Scarce inventory and cash-heavy buyers keep trophy pricing resilient
- Ultra-prime value now tracks privacy, terraces, and brand-level service
- Use contracts vs closes, HOA terms, and delivery risk as key filters
The trophy penthouse market in 2026: scarcity, liquidity, and brand power
Miami’s penthouse conversation has moved from “How high is the floor?” to “How complete is the experience?” In the ultra-prime tier, pricing is rarely a simple function of square footage. It’s a composite of privacy, outdoor volume, service model, and the hard-to-measure confidence that a building will retain its place in Miami’s social and architectural hierarchy.
That context matters because the top end has stayed active. South Florida logged 361 closed home sales at $10M+ in 2025 - evidence of durable demand, not a one-season spike. At the same time, Miami-Dade inventory stood at 17,266 units in December 2025, about 17.3% below December 2019, reinforcing a core reality: true waterfront and ultra-luxury supply remains constrained.
Liquidity is also central to how this market prices. In the $10M+ tier, 81% of South Florida closings were all-cash - a dynamic that helps explain why best-in-class residences can sustain premium pricing even as conventional rate sensitivity returns elsewhere.
Top 10 most expensive penthouses in Miami (2026)
This ranking pairs the clearest verified benchmark with the most visible publicly marketed trophy penthouses and reported contract activity. Some entries are closed sales, while others are marketed offerings or widely reported contracts; for 2026 buyers, that distinction is the point.
1. Rosewood Residences at The Raleigh (Miami Beach) - $150M penthouse (marketed) The highest figure in the current conversation is a penthouse promoted at $150 million at Rosewood Residences at The Raleigh in Miami Beach. In practical terms, this is pricing the power of a legacy address and a service-forward residential proposition - where brand and lifestyle ecosystem can carry as much weight as the view.
For buyers, the takeaway isn’t only the number. At this level, the real question is how the building delivers discretion: private arrival, staffing, and a residential culture that lives more like a house than a hotel.
2. Shore Club Private Collections (Miami Beach) - $120M penthouse (reported under contract) A Shore Club Private Collections penthouse has been widely described as under contract around $120 million ahead of a planned 2026 completion. The residence is reported at roughly 10,500 square feet of interior plus about 7,500 square feet of terraces, with a private rooftop pool.
In 2026, outdoor space isn’t a feature - it’s a second residence. Terraces at this scale can support dining, entertaining, sun, and spa uses without leaving home. For a Miami Beach buyer, that outdoor program can also become the decisive layer of privacy.
3. Seaway at the Surf Club (Surfside) - PH11, $86M closed sale (record) The cleanest benchmark is Seaway at the Surf Club PH11, which closed for $86 million in November 2025 and set a new Miami-Dade condo sale record. The residence spans 16,053 square feet, implying roughly $5,358 per square foot at that price point.
This matters because it demonstrates true depth at the top: not a list price, not a headline, but a closed transaction at an exceptional basis. For buyers evaluating Surfside, it’s a reminder that the top of the market can clear at levels that reset comparables for years.
4. Aston Martin Residences (Downtown Miami) - “Unique” triplex (marketed) Downtown’s Aston Martin tower is marketed with a “Unique” triplex penthouse positioned as a trophy, multi-level option. Triplex layouts appeal to buyers who want real separation between formal entertaining, private living, and guest suites - paired with vertical circulation that reads more like a townhouse in the sky than a single-level apartment.
The buyer lens here is practical: multi-story product can deliver procession and privacy, but it also introduces vertical mechanical considerations and a daily flow that differs from a single-floor penthouse.
5. Villa Miami (Edgewater) - $55M triplex, ~15,000 SF (promoted) Villa Miami in Edgewater has been promoted with a $55 million triplex described as an “estate in the sky,” at approximately 15,000 square feet, with a late-2027 completion positioning in project coverage. The scale suggests a buyer seeking the volume of a waterfront home paired with the security and amenity stack of a new luxury tower.
Edgewater’s appeal is its balance: close to the cultural core and bayfront vistas, often with a calmer residential cadence than the most compressed beach corridors.
6. Waldorf Astoria Residences Miami (Downtown Miami) - $50M penthouse, ~13,119 SF (marketed) Public marketing has presented a penthouse at Waldorf Astoria Residences Miami at $50 million, with approximately 13,119 square feet, six bedrooms, and nine bathrooms. At this scale, a plan becomes less about “rooms” and more about purpose-built zones - entertaining, work, wellness, and guest privacy.
For 2026 buyers, branded residences at this level are often selected for consistency: service standards, staffing expectations, and an arrival experience that supports frequent travel.
7. St. Regis Residences, Brickell (Brickell) - ~$45M duplex, ~10,000 SF (marketed) In Brickell, the St. Regis Residences penthouse has been marketed around $45 million and described as a duplex of roughly 10,000 square feet. Duplex living resonates with buyers who want the psychological separation of levels - especially when entertaining is frequent but privacy is non-negotiable.
Brickell’s premium is proximity: finance, dining, and the city’s business energy, alongside a growing inventory of true ultra-luxury residential service models.
8. Bentley Residences (Sunny Isles Beach) - $37.5M penthouse with “Dezervator” concept Bentley Residences in Sunny Isles Beach unveiled a top penthouse priced at $37.5 million, notable for the in-residence vehicle elevator concept often referred to as the “Dezervator,” enabling a “sky garage” experience. For certain collectors, this isn’t a gimmick; it’s a security and lifestyle solution that keeps prized vehicles close, private, and climate-controlled.
Sunny Isles continues to draw buyers who prioritize oceanfront living and full-amenity towers with dramatic, resort-level arrival and programming.
9. Cipriani Residences Miami (Brickell) - $32M penthouse (introduced) Cipriani Residences Miami introduced an ultra-luxury penthouse priced at $32 million. The Cipriani name signals a specific brand of elegance - appealing to a buyer who wants a classic hospitality sensibility translated into residential scale.
In this bracket, evaluate more than finishes. Operational DNA matters: staffing, guest management, and the quiet details that shape day-to-day living.
10. Tula Residences (North Bay Village) - penthouse offerings, 2026 completion target Tula Residences in North Bay Village has been marketed with penthouse offerings and a 2026 completion target. North Bay Village is increasingly viewed through a scarcity lens: water on both sides and limited land, giving well-positioned new development a distinct long-term narrative.
For buyers considering delivery-year inventory, the priority is alignment - match intended use to the building’s timeline and governance structure from day one.
What buyers are really paying for at $30M to $150M
At the apex, square footage is only the first filter. Premiums tend to concentrate in four areas:
First, outdoor area that functions as architecture, not accessory. A terrace that can host dinner without wind issues, support a plunge pool or rooftop program, and deliver real privacy can trade on an entirely different basis than interior-only volume.
Second, discretion in circulation. Private elevator entry, controlled arrivals, and a lobby culture that respects privacy have become measurable value drivers. High-net-worth buyers are increasingly sensitive to how a building operates - not just how it photographs.
Third, a service model that feels consistent. Branded residences can command a premium when they deliver staffing, maintenance standards, and owner services that reduce friction for second-home living.
Fourth, certainty. In a market where some trophy product is marketed years ahead of delivery, perceived reliability of the developer, the building’s governance, and the clarity of condominium documents matter.
Miami Beach vs Brickell vs Sunny Isles vs Surfside: how the premium shifts
Geography in Miami isn’t just a map - it’s a lifestyle decision.
Miami Beach often commands a legacy premium tied to beachfront culture, social proximity, and the scarcity of new ultra-luxury inventory. For buyers who want that iconic beach rhythm, a project like Shore Club Private Collections Miami Beach sits in the conversation around rare, design-forward product with a strong amenity narrative.
Brickell’s premium is the city: convenience, business adjacency, and a higher concentration of branded, service-oriented towers. Buyers exploring a duplex penthouse concept can track that lifestyle through St. Regis® Residences Brickell, where scale and service are central to the value proposition.
Sunny Isles is an oceanfront resort corridor where views and beachfront access are the headline. For buyers who collect experiences as much as assets, Bentley Residences Sunny Isles signals a distinctly tailored take on personalization and private arrival.
Surfside is ultra-discreet, with a boutique sensibility and a proven ability to set price records when the product is rare enough. In that setting, record-setting closings can feel less like a surprise and more like an inevitability.
The 2026 buyer checklist for a penthouse purchase
A 2026 penthouse buyer should think like a principal, not a shopper.
Confirm whether the number you’re reacting to is a closed sale, an asking price, or a reported contract. Each carries different informational value.
Interrogate the “livability” of the trophy features. Rooftop pools, multi-level layouts, and dramatic terraces can be extraordinary, but they come with maintenance, governance, and insurance implications that should be understood early.
Model ongoing costs with precision. The higher the service level, the more important it is to understand how staffing and amenities are funded over time - and how reserves are structured.
Finally, align the home with your rhythm. Some buyers want a high-energy address that supports dining and nightlife at a moment’s notice. Others want a quiet, guarded cadence where the building itself functions like a private club.
For buyers drawn to the “estate in the sky” idea on the bay, Villa Miami reflects the direction of travel: large-format penthouse living paired with new-build amenities, privacy, and a long-view approach to value.
FAQs
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What is the most expensive penthouse figure in Miami for 2026? A $150 million penthouse is being marketed at Rosewood Residences at The Raleigh in Miami Beach.
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What is the most verified recent condo sale record in Miami-Dade? Seaway at the Surf Club PH11 closed for $86 million in November 2025, a Miami-Dade condo record.
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Are all of these prices closed sales? No. Some are closed sales, while others are marketed asking prices or widely reported contract figures.
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Why do terraces command such a premium in Miami Beach? Large terraces function as private outdoor living rooms, improving lifestyle and privacy in a dense market.
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What should I prioritize first: view, brand, or layout? Prioritize the daily-use layout first, then evaluate view corridors and the building’s service model.
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Is Brickell a strong market for trophy penthouses? Yes. Brickell combines city convenience with a growing set of service-driven, ultra-luxury towers.
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What makes Sunny Isles penthouses different? Sunny Isles is defined by oceanfront orientation and resort-level buildings that emphasize views and amenities.
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Do triplex and duplex penthouses hold value better than single-level homes? They can, when the vertical layout improves privacy and entertaining, but buyer preference is more specialized.
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How important is all-cash demand at the top end? Very. A high share of all-cash closings supports resilience in the $10M+ tier during broader rate shifts.
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What is the biggest risk when buying a future-delivery penthouse? Timeline and execution risk; align contract terms, building governance, and your intended use before committing.
For a confidential assessment and a building-by-building shortlist, connect with MILLION Luxury.
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