The third penthouse at The Ritz-Carlton Residences, Sunny Isles Beach, which is slated to be completed at the end of this summer/beginning of fall, is now under contract for $19,750,000. The price equates to nearly $2,600 SF at the unfinished residence (PH49/#4903), which is one of four penthouse units in the 52-story building being developed by Fortune International Group and Chateau Group. The penthouse is the third to go under contract since sales launched in January 2015, totaling more than $56 million of penthouse sales. At nearly 7,700 SF, PH49 features five bedrooms and seven and a half baths, as well as a garden terrace with a private pool and summer kitchen.

Luxury sales have been strong in Sunny Isles Beach through the start of 2019 including the $18.5 million sale of a penthouse at Jade Signature which closed Jan. 25 for $2,015 per square foot. The buyers of both the Ritz Carlton Residences, Sunny Isles Beach and Jade Signature penthouse transactions are undisclosed.