Billionaires Beach Miami

Address: 1671 Collins Avenue (at Lincoln Road)

Developer: Sobe Sky Development LLC — a joint venture of Lionstone Development, Ben-Josef Group, and Flag Luxury Group (led by Dayssi Olarte de Kanavos)

Architect: Kobi Karp Architecture & Interior Design

Interior Design: Studio Munge (Alessandro Munge)

Culinary Partner: Michelin-starred chef José Andrés

Status: Pre-construction, construction expected to start 2025. Opening projected for 2027-2028.

The Ritz-Carlton Residences, South Beach will be a boutique 15-story oceanfront tower offering just 30 custom-designed residences, including two duplex penthouses with private rooftop pools. The tower is uniquely cantilevered over the existing Ritz-Carlton South Beach hotel, with a completely private residential entrance separate from hotel operations.

The project sits at the intersection of Collins Avenue and Lincoln Road—one of Miami Beach's most walkable locations. The adjacent historic Sagamore Hotel (a Morris Lapidus-designed Art Deco landmark) is being fully renovated and integrated as an all-suite addition to The Ritz-Carlton South Beach hotel portfolio. The developers received a $4.85 million grant from the City of Miami Beach to restore the public beachwalk in a manner honoring Lapidus's architectural legacy.

Residences: 30 condominiums ranging from one to five bedrooms. Most residences feature private elevator foyers and wrap-around terraces with panoramic Atlantic Ocean views.

Pricing: Units start at approximately $4.25 million and top out at approximately $125 million for a potential combination of the two duplex penthouses. Recent contracts include Unit 12A (5 bedrooms, 4,481 SF) at $24 million and Unit 11A (5 bedrooms, 4,481 SF) at $22 million—both exceeding $5,000 per square foot. Strong buyer interest has come from the Northeast U.S.

Amenities:

• Private rooftop pool and terrace with Atlantic Ocean views
• Four semi-private cabanas with TVs and lounge seating
• Poolside social lounge with state-of-the-art multimedia
• Private fitness center by Technogym with personal treatment and training rooms
• Direct access to The Sagamore (newly renovated Ritz-Carlton all-suite hotel)
• Signature Mediterranean restaurant Zaytinya by José Andrés (residents-only)
• Beach club with culinary programming by José Andrés
• Full Ritz-Carlton concierge services including in-residence dining, valet, and reservations

The Ritz-Carlton Residences, South Beach represents the only Ritz-Carlton branded condominiums in the Billionaires Beach corridor, offering the legendary Ritz-Carlton service standards within an intimate, ultra-private boutique setting.

The Raleigh — Rosewood Hotel & Residences

Address: 1775, 1757, and 1751 Collins Avenue (3+ acre oceanfront assemblage)

Developer: Nahla Capital (acquired October 2025 for $270 million)

Architect: Peter Marino with Kobi Karp Architecture & Interior Design

Hotel Operator: Rosewood Hotels & Resorts

Status: Site work completed, tower construction pending. Projected opening 2028.

The Raleigh represents the restoration of one of Miami Beach's most iconic Art Deco hotels. Originally opened in 1940 and designed by L. Murray Dixon, the Raleigh was famous for what LIFE magazine called "the most beautiful pool in America."

History: Developer Michael Shvo acquired the property in 2019 for $243 million with plans for a $1 billion restoration. After construction delays and financing challenges, Nahla Capital—the firm behind the Rosewood Residences Beverly Hills—purchased the project in October 2025. Nahla is expected to continue with the approved Rosewood-branded plans.

Residences: Approximately 40 ultra-luxury condominiums in a new 17-story oceanfront tower, separate from the restored hotel.

Pricing: Units have traded in the $5,000+ per square foot range, with the highest known contract approaching $8,500 per square foot (approximately $50 million). A 13,000+ square foot penthouse tops the building.

Amenities:

• 60-suite Rosewood-branded hotel in restored historic buildings
• Famous scrollwork pool (restored as centerpiece)
• World-class spa
• Multiple gourmet restaurants
• Martini Bar honoring the hotel's golden era
• Private members club
• Full Rosewood hotel services for residents

The Raleigh's change of ownership in late 2025 brings experienced hospitality developers to the project. Nahla's successful completion of the Rosewood Residences Beverly Hills demonstrates their capability to deliver ultra-luxury branded residences.

The Shore Club — Auberge Resorts Collection

Address: 1901 Collins Avenue

Developer: Witkoff and Monroe Capital

Architect: Robert A.M. Stern Architects (RAMSA) — the firm's first oceanfront project

Interior Design: Bryan O'Sullivan Studio

Hotel Operator: Auberge Resorts Collection

Status: Under construction, 90% presold. Opening 2027.

The Shore Club is the flagship development of Billionaires Beach and currently Miami's hottest ultra-luxury project. The three-acre oceanfront site includes the restoration of the original 1949 Art Deco Shore Club hotel and the adjacent 1939 Cromwell Hotel, plus a new 18-story residential tower.

Residences: 49 condominiums ranging from 1,900 to over 10,000 square feet, with units in the restored Cromwell building and the new tower. The project also includes a one-of-a-kind 8,000-square-foot single-family beach house.

Pricing: Condos start at $6 million. The 10,500-square-foot penthouse is under contract for approximately $120 million—over $11,000 per square foot—which would shatter Miami's existing price-per-foot record. A separate unit is reportedly under contract for approximately $70 million to a Middle Eastern buyer.

Amenities:

• 73-room boutique hotel with direct beach access
• Three swimming pools plus residents-only pool
• Auberge spa and fitness center
• Signature restaurant, café, bar, and poolside dining
• Private fitness center with training suites
• Library and cocktail lounge
• Beach Club with cabanas and sun terraces
• Shell Bay Golf Club social membership included

The Shore Club's design draws on Miami's MiMo (Miami Modern) architecture tradition while introducing RAMSA's signature layered terraces and oceanic curves. The Cromwell Hotel serves as the private residential entrance, separating residents from hotel guests.

Bulgari Hotel Miami Beach

Address: 100 21st Street (the historic Seagull Hotel)

Developer: Blue Horizon Group in partnership with Bulgari

Architect: Antonio Citterio Patricia Viel

Status: Under construction (foundation work). Opening delayed to 2027–2028.

The Bulgari Hotel Miami Beach will be the first Bulgari hotel in the United States. The project involves the restoration of the 1948 Seagull Hotel, a seven-story building combining Art Deco and Miami Modern architectural styles designed by Albert Anis.

Note: This is a hotel-only project with no residential condominiums for sale.

Hotel: Approximately 100 rooms, most configured as suites.

Amenities:

• Restaurant and bar by three-Michelin-star chef Niko Romito
• Outdoor swimming pool
• Full-service Bulgari spa
• Fitness center

The project faced delays due to a lawsuit from the neighboring Setai Miami Beach (dismissed in 2023) and the recent discovery that the historic building requires a new foundation. Despite setbacks, Blue Horizon has confirmed the project is fully funded.

Why Billionaires Beach?

Historic Significance: The Collins Avenue corridor from 14th to 21st Street contains some of Miami Beach's most significant Art Deco architecture. These restorations preserve the neighborhood's heritage while introducing contemporary luxury.

Branded Residences: Every major project on Billionaires Beach carries a prestigious hotel brand—Auberge, Rosewood, Bulgari, Ritz-Carlton. Residents receive five-star hotel services, global membership privileges, and the assurance of professional property management.

Limited Supply: Unlike the high-rise condo towers of Sunny Isles or Brickell, Billionaires Beach offers approximately 120 total residences across all projects. This scarcity, combined with direct oceanfront locations, supports long-term value.

Location: Billionaires Beach sits at the heart of South Beach, walking distance to Lincoln Road, the Faena District, and Miami Beach's best restaurants and galleries. Yet the neighborhood offers more privacy and exclusivity than the busier blocks to the south.

Comparison to Billionaires Row NYC: Just as Billionaires Row in Manhattan transformed 57th Street with supertall towers and $100M+ penthouses, Billionaires Beach is establishing Miami's equivalent—a concentrated stretch of ultra-luxury residences commanding the highest prices in the market.

Development Timeline

Buying on Billionaires Beach

These ultra-luxury pre-construction condos are not listed on the traditional MLS. Developers maintain strict buyer qualification requirements, and access to pricing, floor plans, and availability is limited to approved buyers.

As your exclusive buyer's agent, Manhattan Miami Real Estate provides:

• Access to all Billionaires Beach developments including off-market inventory
• Direct relationships with developer sales teams
• Detailed market analysis and pricing comparisons
• Expert negotiation on your behalf
• Coordination with attorneys, mortgage brokers, and tax advisors

The seller pays the commission in Florida, so our buyer representation services come at no cost to you.

Ready to explore Billionaires Beach? Contact us for current availability, pricing, and floor plans.

FREQUENTLY ASKED QUESTIONS ABOUT BILLIONAIRES BEACH MIAMI

What is Billionaires Beach in Miami?

Billionaires Beach is the nickname for the ultra-luxury development corridor along Collins Avenue in Miami Beach, running from approximately 14th Street to 21st Street. The area is undergoing approximately $2.5 billion in development, with projects including the Shore Club (Auberge), The Raleigh (Rosewood), The Ritz-Carlton Residences South Beach, and the Bulgari Hotel. Condos are priced from $4.25 million to over $125 million.

Where is Billionaires Beach located?

Billionaires Beach runs along Collins Avenue in South Beach, Miami Beach, from roughly 14th Street to 21st Street. This stretch sits between the busier South Beach entertainment district to the south and the Faena District to the north. It's walking distance to Lincoln Road and directly on the Atlantic Ocean.

How much do condos cost on Billionaires Beach?

Condos on Billionaires Beach start at approximately $4.25 million at The Ritz-Carlton Residences South Beach and $6 million at the Shore Club. Most units range from $10 million to $50 million. The most expensive unit—a 10,500-square-foot penthouse at the Shore Club—is under contract for approximately $120 million, or over $11,000 per square foot. The two Ritz-Carlton penthouses could sell for a combined $125 million.

What developments are on Billionaires Beach?

The four major developments are: The Shore Club (Auberge Resorts, opening 2027, 49 condos from $6M), The Raleigh (Rosewood Hotels, opening 2028, approximately 40 condos), The Ritz-Carlton Residences South Beach (opening 2027-2028, 30 condos from $4.25M with restaurant by José Andrés), and the Bulgari Hotel (opening 2027-2028, hotel only, no condos).

When will Billionaires Beach be completed?

The Shore Club is scheduled to open in 2027 and is already 90% presold. The Ritz-Carlton Residences South Beach is projected to open in 2027-2028. The Raleigh, now under new ownership by Nahla Capital, is projected to open in 2028. The Bulgari Hotel has faced delays and is expected in late 2027 or 2028. Full buildout of the corridor should be complete by 2028.

Is Billionaires Beach different from Indian Creek Island?

Yes. Billionaires Beach refers specifically to the Collins Avenue corridor in South Beach (14th-21st Streets). Indian Creek Island, sometimes called "Billionaire Bunker," is a private island approximately 10 miles north, near Surfside. Indian Creek features 41 single-family estates, while Billionaires Beach offers branded luxury condominiums in restored Art Deco hotels.