A signature penthouse at The Ritz-Carlton Residences, West Palm Beach has officially gone under contract, setting a new benchmark for the North Flagler Drive corridor. With a final listing price of $16.95 million, the transaction establishes a record for both the highest total sales price and price per square foot in the area.
Key takeaways
- Penthouse A, located on the 27th floor, is the development’s crown jewel.
- The unit spans 4,897 square feet of interior space with an additional 1,200 square feet of terrace.
- The sale sets a new record for North Flagler Drive in both total price and price per square foot.
- The project, developed by Related Group and BH Group, is slated for completion in 2028.
The pinnacle of luxury living
Penthouse A represents the height of the 27-story tower, offering unparalleled views of the Intracoastal Waterway, Palm Beach Island, and the Atlantic Ocean. The residence features four bedrooms and five-and-a-half bathrooms, designed with a focus on seamless indoor-outdoor living. Notable architectural details include soaring 12-foot ceilings, floor-to-ceiling glass walls, and a private elevator entrance that ensures exclusivity for the homeowner.
A milestone for the development
The development, a partnership between Related Group and BH Group, continues to see strong demand for its branded ultra-luxury units. This record-setting contract underscores the growing appeal of the project as construction progresses toward its 2028 delivery date. According to the development team, the buyer is an existing Palm Beach resident who selected the unit specifically for its expansive layout and its ability to facilitate both private daily living and large-scale entertaining.
Amenities and design excellence
Designed by Arquitectonica with interiors by Rockwell Group, the building aims to blend contemporary design with the signature hospitality associated with The Ritz-Carlton brand. Residents will have access to a comprehensive suite of amenities, including a resort-style waterfront pool deck, a state-of-the-art fitness and wellness center, a spa, and various entertainment lounges. These features are intended to provide a full-service lifestyle experience that complements the high-end residential offerings.