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EKLUND | GOMES Team at Douglas Elliman, in Collaboration with Sobe Sky Development and Flag Luxury Group, Launch Sales for 30 Ultra-Luxury Beach Houses in the Sky as New Sales Gallery Opens

SOUTH BEACH, Fla., Feb. 24, 2025 /PRNewswire-PRWeb/ -- , a landmark residential development redefining luxury living in South Beach developed by on behalf of ownership, Sobe Sky Development, announces the launch of sales with at Douglas Elliman Development Marketing, one of the largest independent residential real estate brokerages in the United States. Comprising 30 custom-designed beach houses in the sky with panoramic ocean and city views, The Residences offer an unparalleled lifestyle with contemporary modern design, resort-inspired amenities and exclusive access to the neighboring hotel, .

This tower is a testament to the growing demand for bespoke, branded residences in one of Miami's most coveted neighborhoods, and is anticipated to convert current reservations into multi-million-dollar contracts. Prices for the private residences begin at $4.25 million with the potential to reach $125 million for a combined purchase of the two duplex penthouses. Upon debut, the sales gallery in The Ritz-Carlton, South Beach will allow residents and interested buyers to preview a large-scale model of the project – including complete displays of the kitchen, primary bathroom and powder room – and learn more about ownership and project milestones.

"While crafting a new standard of luxury living, we've made a significant investment in elevating Lincoln Road," said Dayssi Olarte de Kanavos, co-owner of The Ritz-Carlton, South Beach and co-founder of Flag Luxury Group. "Our vision with The Ritz-Carlton Residences, South Beach is to honor the area's rich history while ushering in a new era of modern luxury. Through meticulous design and thoughtful collaboration, we are redefining what it means to call one of the world's most iconic destinations home."

Ideally located in the heart of South Beach, just moments from Miami's internationally acclaimed shopping, dining, arts, culture and entertainment, the 15-story tower will be designed by architectural visionary . The collection of 30 one- to five-bedroom residences offers up to 8,104 square feet of seamless indoor-outdoor living space, with expansive views of the Atlantic Ocean and Miami Beach skyline. Select residences feature private elevators, wrap-around terraces, floor-to-ceiling windows and bespoke interiors and finishes curated by renowned designer Alessandro Munge of . The two duplex penthouses crown the tower, each featuring private rooftop terraces with outdoor pools and kitchens.

"Billionaire's Beach is at the forefront of Miami's real estate renaissance," said Fredrik Eklund, co-founder of EKLUND | GOMES. "The demand for ultra-luxury living in Miami continues to soar, driven by its appeal as a global destination for its lifestyle and unmatched oceanfront living. The Ritz-Carlton Residences, South Beach embody everything buyers are seeking–prestige, impeccable design, and a once-in-a-lifetime opportunity to own in one of the hottest markets in the world."

The new luxury residences will feature culinary programming by Michelin-starred chef José Andrés, offering elevated dining right at homeowners' doorsteps. Residents will benefit from the legendary service of The Ritz-Carlton, with access to over 50,000 square feet of bespoke amenities, cultural programming and à la carte services, including beach concierge, pet care and more. Additionally, the development boasts a private state-of-the-art fitness center by Technogym, complete with personal treatment and training rooms, a sculpture garden by NATURALFICIAL and a rooftop pool with dedicated cabanas. For social gatherings, residents can take advantage of the property's entertainment lounge, while a curated collection of contemporary art adds sophistication throughout. These exceptional amenities ensure a seamless blend of comfort and exclusivity for residents.

Residents will also enjoy access to exclusive hotel amenities and services at The Ritz-Carlton, South Beach and the soon-to-be-renovated Sagamore. Owners will benefit from membership perks within Marriott International's luxury portfolio.

Slated to welcome residents home in 2027, The Residences are now accepting ownership contracts, with homes starting at USD 4.25 million. Fredrik Eklund of Douglas Elliman is the exclusive listing agent for the project. For more information, visit or contact The Ritz-Carlton Residences, South Beach sales gallery at [email protected] | 305-564-1533.

Renderings of the The Ritz-Carlton Residences, South Beach are available .

About Sobe Sky Development

The Ritz-Carlton, South Beach Hotel & Residences is owned by Sobe Sky Development a partnership between the Ben-Josef, Lowenstein, and Kanavos families. Together, they are committed to preserving the legacy of this iconic property, blending timeless elegance with modern luxury to deliver exceptional guest experiences. With a focus on community engagement and cultural enrichment, the ownership group continues to enhance the hotel's standing as a premier destination for travelers and residents alike. The Ritz-Carlton Residences, South Beach offer 30 custom-designed beach houses in the sky, featuring one- to five-bedroom residences and two duplex penthouses with private rooftop terraces. The high-rise includes over 50,000 square feet of bespoke amenities, interiors by renowned designer Alessandro Munge of and architecture by . Touting dining experiences by Michelin-starred Chef José Andrés, the beachfront enclave is moments from Miami's internationally acclaimed shopping, dining, arts, culture and entertainment. To learn more visit .

About Flag Luxury Group

Flag Luxury Group is a privately held real estate development company headquartered in New York City with a primary focus on luxury hotels and residences as well as land-based entertainment and retail projects. Flag Luxury Group was formed in 1997 by Dayssi and Paul Kanavos, who were driven by their passion for luxury hospitality and their desire to bring a forward-thinking perspective to the industry. Flag Luxury Group's ability to identify, acquire and build world-class projects in premier gateway city locations has established it as a leading development company in the industry. Notable projects include co-developing The Ritz-Carlton Coconut Grove Residences, The Ritz-Carlton Club and Spa Jupiter, and most recently, The Ritz-Carlton New York, Nomad Residences. To learn more about Flag Luxury Group, visit .

About Douglas Elliman Development Marketing

Douglas Elliman Development Marketing, a division of Douglas Elliman Realty, offers unmatched expertise in sales, leasing, and marketing for new developments throughout New York City, Long Island, Westchester, New Jersey, Florida, California, Massachusetts, and Texas. The company's new development hybrid platform matches highly experienced new development experts with skilled brokerage professionals who provide unparalleled expertise and real-time market intelligence to its clients. The firm is heralded for its achievements in record-breaking sales throughout each of its regions. Drawing upon decades of experience and market-specific knowledge, Douglas Elliman Development Marketing offers a multidisciplinary approach that includes comprehensive in-house research, planning and design, marketing, and sales. Through a strategic global alliance with Knight Frank Residential, the world's largest privately-owned property consultancy, the company markets properties to audiences in 58 countries, representing an over $87 billion global new development portfolio.

The Ritz-Carlton Residences, South Beach are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C. or its affiliates ("Ritz-Carlton"). Sobe Sky Development, LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein.

Media Contact
Media Contact, The Ritz-Carlton Residences, South Beach, 1 8182573529, [email protected],

SOURCE The Ritz-Carlton Residences, South Beach