facebook pixel The Ritz-Carlton Residences, Miami Beach Condos in The Wall Street Journal



The Ritz-Carlton Residences Miami Beach, a 7-acre waterfront development planned for the neighborhood of Mid-Beach, has unveiled its private villa residences.

The condominium will consist of 111 apartments ranging from two to five bedrooms. Additionally, there will be 15 standalone villas designed by the Italian architect Piero Lissoni. Prices for the villas range from about $4.5 million to just over $7 million.

Eight of the villas will be set on the waterfront and will include private docks. Sales for the residences began in the spring of 2014, but details about the villas did not emerge until recently.

The two-story villas will have kitchens with stone countertops and high-end appliances, as well as stone bathrooms with jetted soaking tubs. Each villa will feature an infinity-edge swimming pool surrounded by landscaped grounds.

All residents will have access to the developmentā€™s amenities, including an on-site VanDutch 40 yacht. There will be a half-acre roof deck with an infinity-edge swimming pool, private cabanas and a poolside grill. There will also be an art studio, a theater, a fitness center, spa facilities and a meditation garden, among other amenities.

The property is being developed by Miami-based Lionheart Capital. Sixty-percent of all of the units are under contract. Prices for available units start at $2 million; a penthouse residence is available for $40 million. The project is under construction with completion expected in 2016.