Billionaires Beach is the emerging ultra-luxury district along Collins Avenue in Miami Beach, stretching from approximately 16th Street north to the Casa Cipriani Miami Beach site near 36th Street. This corridor is undergoing approximately $2.5 billion in development, transforming a stretch of historic Art Deco hotels into what developers are calling the "American Riviera." While originally concentrated in the South Beach redevelopment zone between 16th and 21st Streets, the concept of Billionaires' Beach has expanded as new ultra-prime developments have emerged north along Collins Avenue toward the mid-30s.
With projects by Robert A.M. Stern, Peter Marino, Kobi Karp, and Antonio Citterio Patricia Viel—and hotel brands including Auberge, Rosewood, Ritz-Carlton, and Bulgari—Billionaires Beach is positioning itself as the most exclusive residential address in Miami Beach. Condos are priced from $4.25 million to over $125 million, with most buildings expected to open between 2027 and 2028.
Today, the Billionaires' Beach corridor is best understood as a continuous sequence of landmark developments along Collins Avenue, rather than a single isolated cluster.
As of 2026, this stretch of oceanfront has entered a phase of near-zero future supply, with most major development sites either completed or already under construction.
For a broader overview of Miami's ultra-luxury landscape, see our guide to living on Fisher Island and Miami pre-construction developments.

Address: 3411 Collins Avenue, Miami Beach
Architect: Brandon Haw Architecture
Brand: Cipriani
Status: Approved — pre-development
Casa Cipriani introduces a boutique, ultra-luxury residential concept to the corridor, built around the Cipriani brand’s global reputation for service and discretion.

Address: Collins Avenue, Miami Beach (mid-30s)
Brand: Aman
Units: 22 residences
Status: Pre-construction — opening 2028
Aman Residences represent one of the most exclusive offerings within this corridor, aligned with the brand’s global positioning at the top of the luxury market.

Address: 3315 Collins Avenue, Miami Beach
Architect: Foster + Partners
Units: 18 residences
Status: Completed — resale market
Faena House is one of the few completed ultra-luxury oceanfront buildings within this stretch and remains a benchmark for the area.

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.
With the project now largely sold, remaining inventory is increasingly limited, reinforcing its position as a late-cycle acquisition opportunity.
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:
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.

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:
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.

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 recent transition to institutional ownership has reframed the project as a more execution-focused development, reducing the uncertainty typically associated with complex redevelopments.
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:
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.
Bulgari is also part of the broader ultra-luxury development pipeline along Collins Avenue.
Historic Significance: The Collins Avenue corridor from 16th to 36th Street contains some of Miami Beach's most significant Art Deco and Miami Modern architecture. These restorations preserve the neighborhood's heritage while introducing contemporary luxury.
This section of Miami Beach has evolved through multiple development cycles—from legacy luxury hotels such as The Setai and W South Beach, to the first wave of branded residences including Faena House, The EDITION, and 1 Hotel & Homes, and now into a new ultra-prime phase led by Aman, Casa Cipriani, the Shore Club, the Raleigh, and the Ritz-Carlton Residences South Beach.
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. Beyond this corridor, Aman Miami Beach further north mirrors this positioning—Aman's approach in Miami Beach reflects its strategy in global gateway cities such as New York and Tokyo, where privacy and limited inventory define long-term value. 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.
The original Billionaires' Beach cluster was concentrated between 16th and 21st Streets, anchored by the Shore Club, the Raleigh, the Ritz-Carlton Residences, and the Bulgari Hotel. These projects defined the corridor's identity as a branded-residence district built on restored Art Deco foundations.
More recently, new developments have expanded the corridor northward along Collins Avenue. Aman Miami Beach and Casa Cipriani Miami Beach have extended the geography of ultra-prime oceanfront ownership into the mid-30s, establishing a broader luxury axis that now stretches well beyond the original South Beach redevelopment zone.
The market now functions as a continuous ultra-prime beachfront corridor rather than a discrete cluster. For buyers, this means a wider range of product types—from the branded hotel-residence model of the Shore Club and the Raleigh, to the privacy-focused approach of Aman, to the membership-driven lifestyle of Casa Cipriani—all within a single, walkable stretch of Collins Avenue.
Located west of Collins Avenue in the Lincoln Road and North Lincoln Lane area, NoLi is an emerging retail and lifestyle district that supports the Billionaires' Beach corridor. While not part of the core oceanfront residential geography, NoLi's dining, gallery, and retail offerings enhance the broader neighborhood experience for residents of the corridor.
| Project | Developer | Opening | Units | Starting Price |
|---|---|---|---|---|
| Shore Club | Witkoff / Monroe Capital | 2027 | 49 condos | $6M |
| The Raleigh | Nahla Capital | 2028 | ~40 condos | ~$25M+ |
| Ritz-Carlton Residences | Lionstone / Ben-Josef / Flag | 2027-28 | 30 condos | $4.25M |
| Bulgari Hotel | Blue Horizon / Bulgari | 2027-28 | Hotel only | N/A |
| Aman Miami Beach | — | 2028 | 22 residences | TBD |
| Casa Cipriani | — | TBD | Limited | TBD |
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.
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What is Billionaires Beach in Miami?
Billionaires Beach is the nickname for the ultra-luxury development corridor along Collins Avenue in Miami Beach. Originally concentrated between 16th and 21st Streets, the corridor has expanded northward along Collins Avenue toward the mid-30s, now including developments such as Aman Miami Beach and Casa Cipriani Miami Beach. 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, the Bulgari Hotel, Aman Miami Beach, and Casa Cipriani. Condos are priced from $4.25 million to over $125 million.
Where is Billionaires Beach located?
Billionaires Beach runs along Collins Avenue in Miami Beach. The original core stretches from approximately 16th Street to 21st Street in South Beach, but the corridor has expanded northward toward the mid-30s with the arrival of Aman Miami Beach and Casa Cipriani Miami Beach. The district sits between the busier South Beach entertainment area 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 major developments include: 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), the Bulgari Hotel (opening 2027-2028, hotel only, no condos), Aman Miami Beach (22 residences, opening 2028), and Casa Cipriani Miami Beach (limited residences with private club).
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. Aman Miami Beach is projected for 2028. Full buildout of the expanded corridor should be substantially complete by 2028-2029.
Is Billionaires Beach different from Indian Creek Island?
Yes. Billionaires Beach refers specifically to the Collins Avenue corridor in Miami Beach, originally centered between 16th and 21st Streets and now extending northward toward the mid-30s. 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.
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