By Brosda and Bentley Realtors
Miami Beach, a city synonymous with luxury and opulence, has once again witnessed a noteworthy real estate transaction. The Ritz-Carlton Residences, located at 4701 North Meridian Avenue, recently closed a deal for Unit LPH02 for $8 million. This sale, equivalent to $1,764 per square foot, showcases the allure and desirability of this premier residential address.
Property Overview: Unit LPH02, spanning 4,535 square feet, stands as a testament to sophisticated living. Boasting four bedrooms, four baths, and one half bath, the residence offers a blend of spaciousness and elegance. The discerning buyer who acquired this property has not only secured a home but also an unparalleled lifestyle within the prestigious Ritz-Carlton Residences.
Pricing Insight: At $8 million, this property stands out as a prime example of the high-end real estate market in Miami Beach. The per-square-foot price of $1,764 reflects the exclusivity and premium quality associated with the Ritz-Carlton brand. The transaction, completed after 173 days on the market, indicates a calculated and deliberate decision-making process by both the buyer and seller.
The Ritz-Carlton Residences, Miami Beach: Situated on North Meridian Avenue, The Ritz-Carlton Residences in Miami Beach are a symbol of luxury living. The property offers world-class amenities, including a private marina, rooftop pool deck, and spa services. Residents enjoy a concierge service that caters to their every need, enhancing the overall living experience.
Market Trends in Miami Beach: The sale of Unit LPH02 aligns with the ongoing trend of high-value real estate transactions in Miami Beach. The city’s real estate market continues to attract affluent buyers seeking not just a residence but an elevated lifestyle. Waterfront properties, such as those at The Ritz-Carlton Residences, remain particularly coveted.
The $8 million sale of Unit LPH02 at The Ritz-Carlton Residences, Miami Beach, stands as a testament to the allure of luxury living in this vibrant city. With its prime location, unparalleled amenities, and exquisite design, the property represents a pinnacle of residential opulence. As Miami Beach continues to be a hotspot for high-end real estate, transactions of this caliber further solidify its status as a haven for those seeking the epitome of luxury living.
For more The Ritz-Carlton Residences, Miami Beach condo sales and listings contact Brosda and Bentley Realtors at (305) 788–9393.
If you’re looking for a real estate agent in Miami, I encourage you to contact Brosda & Bentley Realtors. We’re here to help you find your dream home and make your life in Miami an unforgettable experience.
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