Ritz-Carlton Residences South Beach

About the Project

The Ritz-Carlton Residences, South Beach is an intimate collection of thirty oceanfront homes anchoring the eastern terminus of Lincoln Road — the most celebrated pedestrian boulevard in Miami Beach. Developed jointly by Lionstone Development, Flag Luxury Group, and Ben-Josef Group, three families who collectively own the adjacent Ritz-Carlton South Beach and the historic Sagamore Hotel, this is a project rooted in deep institutional knowledge of the site it occupies. The tower is not a new intrusion on the neighborhood: it is the logical conclusion of an ownership story that began decades ago.

Designed by Kobi Karp Architecture, the 15-story glass tower cantilevers dramatically over the existing Ritz-Carlton South Beach hotel’s cabana structure, rising behind the fully restored Sagamore Hotel facade. The Sagamore — opened in 1948 and long celebrated as South Beach’s original Art Hotel — is preserved and rebuilt as 55 Ritz-Carlton hotel suites, while its iconic Art Deco frontage remains intact. The project also fulfills a piece of architectural history: a grant from the City of Miami Beach funds the restoration of the beachwalk between Lincoln Road and the Atlantic Ocean, including the Lapidus Arch, realizing Morris Lapidus’s original vision to connect his famous pedestrian mall all the way to the sea.

The three developer families bring complementary depth to the project. Lionstone Development is a third-generation, Miami-based firm led by the Lowenstein family, who acquired the Ritz-Carlton South Beach — then the DiLido Beach Resort — in 1971 and have been stewards of this stretch of Collins Avenue for more than fifty years. Flag Luxury Group, founded in 1946 and chaired by Paul Kanavos, entered Miami Beach in the late 1990s and has been a consistent force in elevating the market’s luxury positioning. Ben-Josef Group, led by Ronny Ben-Josef, acquired the Sagamore for $63 million in 2016, and by 2020 all three groups had merged their neighboring hotel interests into a unified campus. In September 2025, their joint entity Sobe Sky Development secured a $61.2 million predevelopment loan from BHI, with the project actively converting reservations into formal contracts.

The Lincoln Road connection runs deeper than the building’s address. In August 2025, the developers secured city and state approvals for a $12 million revitalization of the 100-to-300 blocks of Lincoln Road — the stretch between Collins Avenue and the ocean — with Sobe Sky contributing $4 million alongside public funding from the state and city. The plan, designed by Andres Arcila of Naturalficial, reimagines the corridor as a grand concourse with a curated public artwalk and a Lapidus-inspired gateway monument. It is the completion of what Morris Lapidus first imagined in the mid-1950s, when he banished automobiles from the boulevard — famously observing that a car had never bought anything — and built one of the country’s first pedestrian malls, now listed on the National Register of Historic Places.

Interiors across all thirty residences were conceived by Alessandro Munge of Studio Munge, a Toronto-based firm with a reputation for deeply layered, residential-feeling luxury spaces. The palette draws from the coastal setting: rift-cut white oak flooring, Covelano Silver Gold marble, brass fixtures, honey oak and white lacquer cabinetry, and reeded glass vitrines throughout the kitchens. Appliances are integrated Gaggenau and Sub-Zero. Primary bathrooms are finished in handcrafted stone vanities with Bardiglio marble in secondary baths. Ceiling heights reach ten feet throughout, with floor-to-ceiling hurricane-rated glass framing unobstructed ocean views. Penthouses reach approximately 9,600 square feet of combined indoor and outdoor space, each with a private rooftop terrace and outdoor pool.

The thirty residences span one to five bedrooms, ranging from 1,197 square feet for a one-bedroom to over 4,400 square feet for a five-bedroom, with private elevator access to each home. Pricing begins at $4.25 million and reaches $125 million for the duplex penthouse — one of the most expensive single residences ever listed in South Beach.

The amenity program is defined by José Andrés, whose Zaytinya restaurant — a celebrated Mediterranean mezze concept drawing from Turkish, Greek, and Lebanese traditions — operates within the Ritz-Carlton South Beach hotel and is available to residents. The Lapidus Bar, also by José Andrés and named in honor of the architect, serves as the residential social hub. Wellness facilities include a 16,000-square-foot Ritz-Carlton Spa with 14 treatment rooms, saunas, and steam rooms, plus a Technogym fitness center and a rooftop pool with semi-private cabanas. Two beachfront pools and a residents-only beach club with dedicated cabana service complete the oceanfront amenity sequence.

Residents receive the full Ritz-Carlton service program — 24-hour concierge and valet, private chef and childcare services, in-residence spa treatments, and global Marriott Bonvoy owner privileges across more than 700 participating hotels worldwide. A separate residential entrance ensures that the hotel and residences operate as entirely distinct environments. Delivery is anticipated in 2027.

Amenities

Location

1671 Collins Ave, Miami Beach, FL 33139