You’ve heard of high-end condos that offer owners the use of the house car. But what about a house yacht? The Ritz-Carlton is upping the ante in the luxury condo market.

Residence owners at The Ritz-Carlton in Miami Beach get access to this 44’ Riva Rivarama Super Watercraft. Nicknamed the “floating suite,” the deck is entirely clad in mahogany and offers all possible luxury comforts.

With the condo market on fire in Miami, it’s no surprise that a brand like Ritz-Carlton is pulling out all the stops. Lionheart Capital recently celebrated the grand opening of the sales gallery for The Ritz-Carlton Residences in Miami Beach with a VIP preview party. The highlight of the event? A 44′ Riva Rivarama Super Watercraft. Oh, you know, it’s just a yacht that residents get to take for a whirl whenever they want – one of the benefits of ownership.

The project is designed by renowned Italian architect Piero Lissoni and features lavish outdoor entertainment spaces, a private marina, 111 condominium residences and 15 luxury villas. Located at 4701 North Meridian Avenue in Miami Beach, residences are priced from $2 million to over $25 million. The project is scheduled for completion in 2015.

Developers Ophir Sternberg and Ricardo Dunin, founding partners of Lionheart Capital, kicked off the grand opening of the sales center at the VIP preview party. Latin reggae soul band Xperimento and A New World Symphony guitar duo and performed for guests.

What to do in Miami Beach:

Tour the art deco architecture that Miami Beach is famous for: Glamorous Art Deco-Style Hotels in Miami

Hang out at The Ritz-Carlton South Beach, located on the beach and in the heart of all the action on Lincoln Road.

Dine at The Local House, an eclectic seafood grill located in the trendy SoFi neighborhood.

Visit the New World Symphony, and either catch one of their wall casts outside or venture inside for a sophisticated show that will blow you away.