Rosewood Residences Headlines South Beach with $150M Penthouse

South Beach's next headline address is taking shape. Rosewood ResidencesMore Info, developed by Michael Shvo in partnership with Deutsche Finance Group and designed by Peter Marino, is part of a 3-acre master development anchored by the historic Raleigh Hotel, acquired in 2019 alongside the Richmond and South Seas Hotels for $243 million combined.

The 17-story building holds only 44 residences, managed under Rosewood Hotels & Resorts, and is headlined by a $150 million penthouseMore Info, among the highest single-unit prices anywhere in this market.

How Rosewood Residences Fits Into South Beach's Luxury Market

South Beach's trophy-tower tier already includes Continuum'sMore Info twin-tower South Pointe presence, Five Park'sMore Info record height as the tallest building in Miami Beach, and The Carlyle'sMore Info historic 1941 Art Deco scale on Ocean Drive. Rosewood Residences enters at the very top of that tier, both in scarcity, just 44 units, and in headline pricing, while its historic hotel foundation gives it a different pedigree than the area's newer construction.

Full building details are on our complete Rosewood Residences profile.

Rosewood Residences is a hotel-branded condo in South Beach. Surf Club Four Seasons and Fendi Chateau are in Surfside. Compare them in my guide to branded residencesMore Info.

Contact Ashton Coleman, Broker-Associate with ONE Sotheby's International Realty, for current pricing and availability.