Miami’s luxury real estate market is exciting as Cipriani Residences Miami, the nation’s first-ever ground-up residential tower by the renowned Cipriani brand, marks a remarkable milestone. The first of six penthouses, Penthouse 1, has been sold within weeks of hitting the market for an astounding $16.2 million, setting a new record with its price tag of $3,333 per square foot.
Developed by Mast Capital and ideally located at 1420 South Miami Avenue in the esteemed Brickell neighbourhood, Cipriani Residences Miami promises to be an unparalleled symbol of luxury and sophistication in the city’s skyline. Penthouse 1, a breathtaking four-bedroom abode, spans an impressive 9,221 square feet of combined indoor and outdoor space, embodying the pinnacle of elegance and luxury.
The penthouse’s interior offers 4,888 square feet of living space, complemented by an expansive 4,333 square feet outdoor terrace space. This outdoor oasis boasts a private infinity-edge swimming pool, a fully operational outdoor summer kitchen, and breathtaking views of the Miami skyline. Moreover, priority access to the tower’s exclusive speakeasy promises residents an extraordinary lifestyle.
The allure of Penthouse 1 extends beyond its extraordinary amenities. The buyer was captivated by the upgraded interior architecture package, meticulously crafted by the internationally renowned design firm 1508 London. Reserved exclusively for penthouse owners, this for-sale package includes rarefied details such as sophisticated wall coverings, elegant panelling, and custom millwork, elevating the listing to its own in the market.
Jorge Perez, CEO of The Related Group, the parent company of Fortune International Realty, the exclusive sales and marketing firm for the project, expressed his enthusiasm for the success of Cipriani Residences Miami. He remarked, “The sale of Penthouse 1 in such a short time is a testament to the unparalleled luxury and timeless design that Cipriani Residences Miami offers.”
The Canaletto Collection, comprising the top 18 floors of Cipriani Residences Miami, features 68 residences and six opulent penthouses, all exuding Brickell’s highest level of luxury. With prices starting at $3.65 million for the Canaletto Collection and penthouses beginning at $9.5 million, discerning buyers have an exceptional opportunity to indulge in the finest Miami offers.
As the completion date of 2026 draws near, Cipriani Residences Miami is poised to redefine luxury living in the city, blending the iconic Cipriani brand’s prestige with an unmatched level of elegance and convenience. The swift sale of Penthouse 1 has set an extraordinary precedent for this groundbreaking project, igniting the anticipation of those seeking to call this exclusive address home.