top of page

Miami’s Billionaire Oasis: Record Breaking Luxury Condos are Making Waves

In the competitive realm of luxury real estate in Miami, a $60 million Brickell penthouse and a $54.5 million Miami Beach condo are setting the stage for a new era of high-priced units, as billionaires increasingly make the city their home.

The current record-holder for the highest condo sale in the area is Citadel CEO Ken Griffin, who spent $60 million on Faena House in 2015. However, the spotlight may soon shift to a unit at the Waldorf Astoria Residences Miami, poised to surpass Griffin’s record, and a $90 million penthouse at the Residences at Six Fisher Island recently went into contract.

As Miami becomes a hotspot for wealthy individuals like Jeff Bezos, who acquired adjacent Indian Creek homes for a combined $147 million, developers are aiming to redefine luxury standards. The $60 million Brickell listing, located in the Residences at 1428 Brickell, aims to set a new benchmark, emphasizing the increasing demand for such high-end inventory.

Meanwhile, predictions by industry experts suggest that condo sales approaching $100 million may become more common between 2024 and 2026 as new developments are completed.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Irene Fernandez Miami Luxury Group does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. World Red Eye will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


bottom of page