{"id":360788,"date":"2026-07-31T22:13:39","date_gmt":"2026-07-31T22:13:39","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/new-york-city-family-snaps-up-47m-st-regis-branded-penthouse-in-miamis-manhattan-of-the-south\/"},"modified":"2026-07-31T22:13:39","modified_gmt":"2026-07-31T22:13:39","slug":"new-york-city-family-snaps-up-47m-st-regis-branded-penthouse-in-miamis-manhattan-of-the-south","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=360788","title":{"rendered":"New York City Family Snaps Up $47M St. Regis-Branded Penthouse in Miami&#8217;s &#8216;Manhattan of the South&#8217;"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">A family from <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/New-York_NY\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/New-York_NY\">New York City<\/a> has agreed to pay $47 million for a penthouse at the under-construction <a rel=\"noreferrer noopener\" target=\"_blank\" id=\"https:\/\/1809brickellavenue.com\/\" type=\"link\" href=\"https:\/\/1809brickellavenue.com\/\">St. Regis Residences<\/a> in the heart of <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Miami_FL\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Miami_FL\">Miami&#8217;s<\/a> Brickell financial district, where they will count <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/news\/real-estate-news\/ken-griffin-buys-historic-cottage-miami-citadel-headquarters\/\" type=\"link\" href=\"https:\/\/www.realtor.com\/news\/real-estate-news\/ken-griffin-buys-historic-cottage-miami-citadel-headquarters\/\">billionaire <strong>Ken Griffin<\/strong> <\/a>among their neighbors. <\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The sale price is one of the highest ever recorded for a condominium in Brickell, falling just short of the $49.9 million record set in March by a pair of duplex penthouses at the yet-to-be-built Residences at Mandarin Oriental.  <\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Sitting along Brickell Avenue overlooking Biscayne Bay, the St. Regis-branded 50-story condominium tower is scheduled for completion at the end of 2027.<\/p>\n<p><iframe height=\"230px\" style=\"width:100%;border:0\" src=\"https:\/\/www.realtor.com\/creative\/rdc-ads\/local-listings-widget\/\" loading=\"lazy\" title=\"Embedded widget\"><\/iframe><\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Co-developed by Related Group and Integral Investments and designed by Robert A.M. Stern Architects, the project features 152 ultra-luxury units, with prices starting over $5 million. \u00a0<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The latest unit to go under contract\u2014secured by the NYC buyers planning a move to South <a target=\"_blank\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Florida\">Florida<\/a>\u2014is know as The Charles penthouse. Spanning 10,012-square-foot across two floors, the lavish residence boasts five bedrooms, seven bathrooms with natural stone showers, a gourmet kitchen with Italian cabinets and custom lighting, two spacious terraces for entertaining, a private rooftop pool, a spa, and a summer kitchen.<\/p>\n<h2 class=\"base__StyledType-rui__sc-18muj27-0 eAPYSB\">World-class amenities <\/h2>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">According to the developers, more than 80% of St. Regis&#8217; residences have been sold, bringing in approximately $900 million as the project closes in on a nearly $1 billion sellout. <\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Once complete, the condo tower will offer a host of premium amenities, including a private marina, a fine-dining restaurant helmed by a Michelin-starred chef, exclusive beach club access, a video game room, a golf simulator, a wellness center with a cold plunge pool and sauna, Pilates and yoga studios, three types of pools, and a sky lounge on the 31st floor.\u00a0<\/p>\n<div class=\"Boxstyles__StyledBox-rui__sc-1p1qqov-0 cGIhfE sc-1d9c28t-0 dVWipe\">\n<figure><figcaption class=\"sc-1d9c28t-3 kUNXdc\"><span class=\"image-caption\">The 50-story St. Regis Residences in Miami is expected to be completed in 2027.<\/span><span class=\"sc-1d9c28t-2 nMMWW image-credit\">St. Regis Residences<\/span><\/figcaption><\/figure>\n<\/div>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The St. Regis is one of several high-end developements going up in the area to cater to an expanding pool of ultra-wealthy buyers, both domestic and foreign, drawn to the city&#8217;s favorable regulatory and tax climate<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Miami\u2019s luxury market has been booming, fueled in part by an influx of high-end shoppers fleeing high-tax states\u2014such as <a target=\"_blank\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/New-York\">New York<\/a>, with Mayor <strong>Zohran Mamdani&#8217;s<\/strong> <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/news\/trends\/new-york-pied-a-terre-tax-impact-housing-supply\/\" type=\"link\" href=\"https:\/\/www.realtor.com\/news\/trends\/new-york-pied-a-terre-tax-impact-housing-supply\/\">controversial pied-\u00e0-terre tax<\/a> targeting pricey second homes, and <a target=\"_blank\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/California\">California<\/a>, with its <a target=\"_blank\" href=\"https:\/\/www.realtor.com\/news\/trends\/california-billionaire-tax-ballot-measure-petition-signatures\/\">billionaire tax proposals <\/a>aimed at one-percenters. <\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">At the end of last year, <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/news\/trends\/miami-million-dollar-homes-luxury-housing-market-report-december-2025\/\" type=\"link\" href=\"https:\/\/www.realtor.com\/news\/trends\/miami-million-dollar-homes-luxury-housing-market-report-december-2025\/\">Miami dethroned New York City <\/a>as the capital of million-dollar listings for the first time in a sustained way, before the Big Apple reclaimed the top spot four months later in April 2026, according to a <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/research\/april-2026-luxury\/\" type=\"link\" href=\"https:\/\/www.realtor.com\/research\/april-2026-luxury\/\">Realtor.com\u00ae luxury report<\/a>.\u00a0Still, Miami&#8217;s run underscores the deepening reach of its luxury market.  <\/p>\n<h2 class=\"base__StyledType-rui__sc-18muj27-0 eAPYSB\">The &#8216;Echo Exodus&#8217; <\/h2>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">According to a newly released mid-year report from <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/analytics.miami\/?utm_source=ig&amp;utm_medium=social&amp;utm_content=link_in_bio&amp;fbclid=PAZXh0bgNhZW0CMTEAc3J0YwZhcHBfaWQPOTM2NjE5NzQzMzkyNDU5AAGnH2DVis5zQ7DkOZ3Yyp56dnDswJnZyY9rs4aaXlftgoVCD7ozVF_0H3TAE4M_aem_k5Brm8uH90_7XvWk6xk7lA\">Analytics Miami<\/a>, there were 21 single-family home sales in Miami-Dade County priced at $30 million or higher, more than double last year&#8217;s record.  <\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Total dollar volume spent on residential real estate within the county reached $13.7 billion between January and June, up 19% year over year.<\/p>\n<div class=\"Boxstyles__StyledBox-rui__sc-1p1qqov-0 cGIhfE sc-1d9c28t-0 dVWipe\">\n<figure><figcaption class=\"sc-1d9c28t-3 kUNXdc\"><span class=\"image-caption\">The luxury development in Miami&#8217;s Brickell section will include premium amenities, including multiple pools, a wellness center, and a golf simulator. <\/span><span class=\"sc-1d9c28t-2 nMMWW image-credit\">St. Regis Residences<\/span><\/figcaption><\/figure>\n<\/div>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\"><strong>Ana Bozovic<\/strong>, a\u00a0<a target=\"_blank\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Miami_FL\">Miami<\/a>-based real estate agent and founder\u00a0of\u00a0Analytics Miami, says this trend reflects what she calls an &#8220;Echo Exodus&#8221;\u2014a second wave of wealth migration into South Florida driven by an increasingly divergent state policy landscape.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">&#8220;The first post-Covid migration wave was driven by uncertainty.,&#8221; Bozovic tells Realtor.com. &#8220;The Echo Exodus is being driven by certainty. Entrepreneurs and investors increasingly have clarity on which states align with their long-term priorities.&#8221;<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The analyst says that this influx of capital into Florida, which has no state income tax, is an example of entrepreneurship &#8220;flowing toward the path of least resistance.&#8221;<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">&#8220;Miami&#8217;s luxury housing market is simply recording the shift in economic center of gravity as it moves away from 20th century epicenters,&#8221; adds Bozovic. <\/p>\n<div class=\"Boxstyles__StyledBox-rui__sc-1p1qqov-0 cGIhfE sc-1d9c28t-0 dVWipe\">\n<figure><figcaption class=\"sc-1d9c28t-3 kUNXdc\"><span class=\"image-caption\">The Charles penthouse features two large terraces and a private pool. <\/span><span class=\"sc-1d9c28t-2 nMMWW image-credit\">St. Regis Residences<\/span><\/figcaption><\/figure>\n<\/div>\n<h2 class=\"base__StyledType-rui__sc-18muj27-0 eAPYSB\">The Ken Griffin effect<\/h2>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Miami&#8217;s Brickell neighborhood has emerged as the epicenter of this shift. Nicknamed the &#8220;Manhattan of the South,&#8221; the area serves as the financial hub of South Florida, packed with top investment firms and corporate headquarters, gleaming luxury condo towers, designer stores, and trendy restaurants. <\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Griffin, the billionaire founder of hedge fund Citadel, has spent years acquiring land in Brickell and currently controls a full city block along Brickell Bay Drive as he lays the groundwork to build a 54-story\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.citadelsecurities.com\/news-and-insights\/the-latest-renderings-of-our-global-headquarters-in-miami\/\">global headquarters<\/a>\u00a0for\u00a0his company.\u00a0<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">At the center of the financial guru\u2019s Miami portfolio\u00a0is a 2.5-acre property, which he bought for $363 million in 2022, the same year he relocated his business operations from Chicago.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Griffin&#8217;s holdings also include a 22-story condominium, which he reportedly plans to tear down along with nearby structures to make way for a massive live-work complex, complete with 300 apartments, a 1,400-unit parking garage, and restaurants. <\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Beyond Citadel, Brickell is home to the regional offices of such global powerhouses as Microsoft, Google, and Blackstone.\u00a0\u00a0\u00a0<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>A family from New York City has agreed to pay $47 million for a penthouse at the under-construction St. Regis Residences in the heart of Miami&#8217;s Brickell financial district, where they will count billionaire Ken Griffin among their neighbors. The sale price is one of the highest ever recorded for a condominium in Brickell, falling [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":360789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97036,182128,182129,182130,182131,11920,182132,99386,101593,157445,182133],"tags":[182139,531,2177,20325,730,182134,182135,14805,182136,32112,23667,28670,182140,182137,46854,6658,1236,7351,182138,3482,140378],"dealstore":[],"offerexpiration":[],"class_list":["post-360788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-california","category-condominiums","category-luxury-amenities","category-luxury-development","category-miami-fl","category-new-york","category-slot-06","category-trends","category-video","category-wealth","category-weekly-nl","tag-47m","tag-california","tag-city","tag-condominiums","tag-family","tag-luxury-amenities","tag-luxury-development","tag-manhattan","tag-miami-fl","tag-miamis","tag-new-york","tag-penthouse","tag-regisbranded","tag-slot-06","tag-snaps","tag-south","tag-video","tag-wealth","tag-weekly-nl","tag-york","tag-zohran-mamdani"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New York City Family Snaps Up $47M St. Regis-Branded Penthouse in Miami&#039;s &#039;Manhattan of the South&#039; - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=360788\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York City Family Snaps Up $47M St. Regis-Branded Penthouse in Miami&#039;s &#039;Manhattan of the South&#039; - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A family from New York City has agreed to pay $47 million for a penthouse at the under-construction St. Regis Residences in the heart of Miami&#8217;s Brickell financial district, where they will count billionaire Ken Griffin among their neighbors. 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