Top 5 Ultra-Luxury Penthouses Currently on the Market in Miami Beach
Quick Summary
- Five record-setting sky estates across South Beach, Mid-Beach, South of Fifth, and Fisher Island
- Rooftop pools, vast terraces, and concierge-level privacy define the tier
- Pricing ranges from $19 million to well over $150 million
- Architecture and services rival best-in-class global offerings
- Guidance for evaluating pre-construction and newly delivered penthouses
Miami Beach’s Penthouse Peak, Defined
A decade ago, Miami Beach penthouses were prized primarily for views and winter sun. Today, a handful of new and newly reimagined addresses have propelled the market to a new altitude. These residences operate as private villas suspended above the shoreline, trading in true single-family proportions, curated hospitality services, and architecture by the world’s most decorated talents. The five homes below span South Beach, Mid-Beach, South of Fifth, and Fisher Island, and together they map the city’s current pinnacle. Prices now reach into the nine figures, space is measured not only by interiors but by landscaped rooftops, and privacy means full-floor footprints with dedicated elevators and services calibrated to an international clientele. For buyers focused on legacy assets, these are the addresses that reset expectations in Miami Beach.
The Listings: Five Present‑Tense Standouts
Rosewood Residences at The Raleigh — A $150 Million Crown
At the heart of South Beach, the storied Raleigh property is being carefully revived as a three-acre oceanfront compound of restored Art Deco landmarks and a new, Peter Marino–designed residential tower. Its full-floor penthouse is positioned as a singular sky estate with roughly 13,000 square feet of interiors and an additional 16,750 square feet of private outdoor domain. The result is a standalone residence in the sky that reads like an urban estate: a rooftop garden with pool and summer kitchen, sweeping, unobstructed ocean views approximately 100 feet from the sand, and a program of hotel-caliber services that bring spa, dining, and concierge to the door. The broader campus is planned to include a five-star hotel, the return of iconic dining, and dedicated resident amenities. Completion is anticipated in 2026, and the penthouse’s pricing north of $150 million signals Miami Beach’s new peer set among global luxury capitals. For collectors of architecture and privacy, it is the definitive South Beach crown.
Shore Club Private Collections Miami Beach — Record Benchmark On the Oceanfront
Farther up Collins Avenue, a RAMSA and Kobi Karp–led transformation of two Art Deco landmarks introduces a limited Private Collections program culminating in a penthouse that reportedly went under contract above $120 million. With approximately 10,500 square feet of interiors and about 7,500 square feet of wraparound terraces, the residence pairs the scale of a freestanding mansion with the immediacy of the beach. Yacht-like detailing, a private rooftop pool, and an amenities-and-service profile aligned with top-tier resorts define the experience. The enclave is planned for 49 private homes with an adjacent resort component and a new contemporary tower rising to roughly 200 feet, an approach that fuses vintage Miami Beach glamour with present-day five-star standards. Delivery is targeted for 2026. For buyers benchmarking the market’s trajectory, this penthouse establishes a new reference point for pricing, discretion, and beachfront authority. Explore current opportunities at the Shore Club Private Collections Miami Beach site.
Penthouse West at The Perigon — Oceanfront Modernism, Scaled for Living
Mid-Beach’s newest contemporary icon, The Perigon, brings OMA’s sculptural language to a rare stretch of sand where the Atlantic, Biscayne Bay, and the skyline read as one panorama. Penthouse West is a duplex composition that pairs approximately 5,685 square feet of interiors with about 6,487 square feet of terraces across two levels, culminating in a landscaped private rooftop anchored by a 30-foot infinity-edge pool. A private elevator opens to a double-height great room soaring to roughly 22 feet, framing cinematic ocean vistas. Interiors by Tara Bernerd lean into richly textured European sensibilities: Italian walnut and white oak, a fluted marble island in a chef’s kitchen appointed with Sub-Zero and Wolf, and a full-height wine display for entertaining at scale. The upper-level primary suite offers dual dressing rooms, a midnight bar, a spa bath, and a sunset terrace. Beyond the residence, more than 20,000 square feet of amenities include an oceanfront pool with cabanas, a residents-only speakeasy and dining room by a Michelin-starred chef, screening and game salons, and a terraced fitness center within gardens by Gustafson Porter + Bowman. For a ready point of reference, see The Perigon Miami Beach.
Five Park, South of Fifth — The City’s Loftiest Views
Delivered in late 2024, Five Park holds the distinction of being Miami Beach’s tallest tower, a crystalline 48-story profile by Terra and GFO Investments that anchors a new three-acre Canopy Park at its base. The two Canopy Penthouses at the summit are offered at approximately $19 million and $20 million and live like single-family homes in the sky. Each spans roughly 7,800 square feet of total area, including an approximately 1,870-square-foot wraparound terrace for full sunrise-to-sunset living. Floor plans typically include four bedrooms, six baths, an office, a media room, and dual kitchens for show and prep. Twelve-foot ceilings and floor-to-ceiling glazing emphasize the tower’s altitude, while private elevator foyers and thoughtful separation of spaces create both intimacy and flow for large-scale entertaining. Amenities exceed 50,000 square feet and include the residents-only Canopy Club set near the building’s apex for dining, leisure, and wellness. A resort deck with pool and cabanas, spa treatment rooms, screening rooms, and co-working suites rounds out the program. A new enclosed pedestrian bridge by artist Daniel Buren connects directly into the South of Fifth fabric for easy access to the beach and the neighborhood’s signature dining. To review the building context and offering, visit Five Park Miami Beach.
Six Fisher Island — Invitation-Only Island Indulgence
For buyers who prioritize sanctuary and pedigree above all, Fisher Island remains unmatched. The Residences at Six Fisher Island occupies the island’s last developable waterfront parcel and is curated by Related Group, BH Group, and partners with architecture by Kobi Karp and interiors by Tara Bernerd & Partners. In a confidential release, two penthouses reportedly transacted pre-construction for a combined sum near $150 million, underscoring the enclave’s magnetism. The building is planned for just 50 homes across 10 stories, with three- to eight-bedroom layouts, deep terraces, and selected residences offering private pools and outdoor kitchens that blur the line between condominium and estate. More than 1,000 feet of shoreline and two resort pool decks set the tone for day-to-night leisure, complemented by a comprehensive wellness center, spa with treatment rooms and saunas, immersive game suites, and children’s play. Ownership typically confers membership opportunities in the Fisher Island Club, home to a private beach, marina, nine-hole golf, and a renowned racquet center. Penthouses are expected to exceed 9,000 square feet with wraparound vistas over ocean, bay, and skyline. Access remains strictly controlled via ferry, yacht, or helicopter, maintaining the intimacy that has long defined the island. For a curated overview, start with The Residences at Six Fisher Island.
What Sets These Sky Estates Apart
Scale and proportion. The most coveted Miami Beach penthouses no longer treat terraces as afterthoughts. Instead, outdoor areas become equal partners to interiors, often surpassing them in sheer square footage and utility. Landscaped rooftops with private pools, summer kitchens, and shaded lounges extend daily living to the horizon and support both grand entertaining and quiet retreat.
Pedigree of design. From Peter Marino’s quietly elegant discipline at the Raleigh to OMA’s sculptural coastal modernism at The Perigon, these homes are defined by authorship. Inside, the hand of designers like Tara Bernerd translates hospitality nuance into residential ease, with materials that weather sun and salt gracefully and detailing that remains timeless across cycles.
Service architecture. The tier is distinguished by an operating model that mirrors top hotels without public footfall. Expect 24-hour concierge, discreet arrivals, in-residence dining and spa programs, house cars or valet management for seasonal fleets, and priority reservations at on-site signature restaurants. This is the connective tissue that turns square footage into lifestyle.
Privacy engineered. Full-floor footprints, private elevator entries, and dedicated security protocols deliver the sense of seclusion that single-family waterfront homes once held exclusively. On Fisher Island, the entire island ecosystem reinforces that privacy with controlled access and a resident-first cadence.
Neighborhood fabric. Each address offers a distinct personality. South of Fifth brings immediate access to the city’s best dining and marinas within a highly walkable grid. Mid-Beach pairs calm beachfront residential character with quick reach to cultural venues and fine hotels. Fisher Island supplies a self-contained resort rhythm. For search clarity, the taxonomy many buyers use includes terms like Miami-beach and Fisher-island, and these five penthouses align with those archetypes.
To help anchor research, official resources for several of these properties are aggregated at The Perigon Miami Beach, Shore Club Private Collections Miami Beach, Five Park Miami Beach, and The Residences at Six Fisher Island.
Acquisition Strategy for a Landmark Purchase
At this tier, an accepted offer marks the beginning rather than the end of diligence. Serious buyers typically establish a framework around five pillars:
1. Clarity on delivery and scope. For pre-construction assets, confirm the anticipated completion date, the current stage of permitting and vertical progress, and the exact scope of delivery for the penthouse and its private rooftop. Require schedules that specify surface finishes, appliance makes, and any allowances for customization. Rooftop pools should be accompanied by structural and waterproofing specifications suitable for coastal environments.
2. Access, storage, and operations. Map the path from car arrival to private foyer and identify secondary service access for art installers and catering teams. Confirm refrigerated storage, wine capacity, and back-of-house spaces for staff. Where dual kitchens are offered, evaluate ventilation, adjacency to dining spaces, and dumbwaiter options to rooftops.
3. Amenity governance and staffing. Go beyond the glossy list to understand staffing ratios, hours of operation, and reservation protocols for dining, spa, and beach services. Private clubs within towers, like those at Five Park, merit a close look at membership structure and guest privileges for extended family.
4. Technology and resilience. Coastal hardening, glass performance ratings, generator provision, surge-protection strategy, and water-management systems should be documented. Smart-home integration should be open-architecture and serviceable by preferred integrators, with secure remote access for travel-heavy owners.
5. Ownership tools. Discuss acquisition vehicles and succession planning with counsel early. For penthouses that may be combined or expanded, align on HOA approvals, elevator reprogramming, and life-safety considerations. On Fisher Island, plan for vehicle logistics via ferry and any required club approvals well ahead of closing.
The through line is precision. At this level, small operational details determine how a residence lives day to day, and they should be tested during tours and mock run-throughs with your advisory team.
FAQs
What drives nine-figure pricing for Miami Beach penthouses right now?
A convergence of factors: exceptional land scarcity on prime oceanfront parcels, global design pedigrees, and residences that deliver single-family proportions with resort-level services. Record transactions validate that buyers will pay for privacy, authorship, and daily convenience at the beach.
How do rooftop pools and gardens work in a penthouse context?
They are engineered as integral structural elements with layered waterproofing, drainage, and wind management. Buyers should review load calculations, membrane warranties, and service access plans for long-term maintenance.
Which neighborhoods fit different lifestyles among these five?
South of Fifth offers walkable dining, marinas, and easy beach access. Mid-Beach balances calm residential character with quick cultural reach. Fisher Island prioritizes seclusion, controlled access, and club amenities in a resort rhythm.
Are these homes delivered turnkey or shell?
It varies. Some are delivered with fully curated finish packages and lighting schemes, while others allow bespoke customization. Clarify what is included, from closets and window treatments to outdoor kitchens and landscaping.
What is a realistic closing timeline for pre-construction trophy penthouses?
Expect a multi-stage process with deposit schedules tied to construction milestones, design sign-offs, and pre-closing walkthroughs. Build in additional time for rooftop and technology commissioning to ensure a flawless move-in.
For confidential guidance on any of the properties above and access to private opportunities across Miami Beach, connect with our team at MILLION Luxury.
Million Luxury
Million Luxury
Welcome to MILLION, an exclusive luxury real estate boutique nestled in the heart of South Florida’s most desirable locations. Specializing in high-end properties, we provide a sanctuary for discerning clients including top Fortune 500 executives, affluent families, celebrities, and professional athletes from across the globe. At MILLION, we understand the unique demands of our elite clientele and offer a seamless blend of confidentiality and personalized attention. Our commitment to privacy is unwavering; we ensure that every transaction and interaction is handled with the utmost discretion and according to stringent confidentiality protocols. Our concierge service embodies the pinnacle of white-glove care, offering tailored assistance that transcends traditional real estate support.
