An Off-Market Penthouse Is the First Sale at The Ritz-Carlton Residences, Fort Lauderdale Beach
The first sale at The Ritz-Carlton Residences, Fort Lauderdale Beach was a two-story penthouse that had not yet been released, according to developers MICL and Admire Capital. The 83-residence, two-tower project at 551 Bayshore Drive is priced from $3.4 million, per the developers, with completion expected in 2029.
The first sale at The Ritz-Carlton Residences, Fort Lauderdale Beach was an off-market penthouse, according to developers MICL and Admire Capital. They say a buyer asked for a penthouse before any had been released, and they agreed to sell it early. The project has 83 residences in two- and three-bedroom plus den layouts, including villas and penthouses. According to the developers, homes are priced from $3.4 million. No sale price has been disclosed.
Off The MRKT, which reported the sale on Oct. 5, 2026, identified the home as PHA, a two-story penthouse with 3,401 square feet of interior space and nearly 4,000 square feet outdoors.
“Seeing a penthouse become the first residence sold so soon after launching sales was an important early milestone for The Ritz-Carlton Residences, Fort Lauderdale Beach and an affirmation of the vision we’ve had for this project from the very beginning,” said Diana Ulis, Founder and CEO of Admire Capital.
Inside Penthouse A, the residence that sold first
Penthouse A is drawn on Level 13 and spans two levels, according to the developer’s floor plan. The lower level has three bedrooms, a den, three bathrooms and a powder room in 3,085 square feet, with 643 square feet of terrace. The upper level adds 316 square feet inside and a 3,265-square-foot terrace. That is 3,401 square feet of interior space and 3,908 square feet of terrace, the outdoor area Off The MRKT described as nearly 4,000 square feet. The developer fact sheet says penthouses have ceilings of up to 11 feet, and Off The MRKT reports ceilings of up to 11 feet in the home that sold.
The plan shows a summer kitchen on each level. On the upper level it also shows a private plunge pool, a powder room, a private stair and an elevator vestibule at the rooftop arrival. Off The MRKT reports that the rooftop terrace overlooks both the Atlantic Ocean and the Intracoastal Waterway.
Quick facts: The Ritz-Carlton Residences, Fort Lauderdale Beach
| Item | Detail | Source |
|---|---|---|
| Developers | MICL and Admire Capital; PMG is development manager | Developer fact sheet |
| Site | 551 Bayshore Drive, Fort Lauderdale, FL 33304 | Developer fact sheet |
| Residences | 83, in two- and three-bedroom plus den layouts, including villas and penthouses | Developer fact sheet and website |
| Sizes | About 1,550 to 3,480 sq. ft. | Developer fact sheet |
| Pricing | From $3.4 million | Developers |
| First sale | Penthouse A, two stories: 3,401 sq. ft. interior, 3,908 sq. ft. of terrace, three bedrooms plus a den | Developer floor plan; Off The MRKT (Oct. 5, 2026) |
| Buildings | Two towers along 400 linear feet of Intracoastal frontage; Penthouse A is on Level 13 | Developer website and Penthouse A floor plan |
| Design team | Garcia Stromberg (architecture), Dan Fink Studio (interiors) | Developer fact sheet |
| Wellness | Invisible Wellness, with consultant Amber Berger | Developers |
| Owner program | ONVIA, with Marriott Bonvoy Platinum Elite status for one owner per unit | Developer website |
| Timeline | Groundbreaking anticipated in Q1 2027; completion expected in 2029 | Developers |
| Sales gallery | 505 N Fort Lauderdale Beach Blvd., #CU-7 | Developer website |
Design: Garcia Stromberg architecture, Dan Fink Studio interiors
Garcia Stromberg designed the two towers, which the developer places along 400 linear feet of Intracoastal frontage. The fact sheet names The Boca Raton and Alina Residences among the firm’s projects. New York-based Dan Fink Studio designed the interiors.
The developer lists wide-plank white oak floors in living areas, European-style kitchens with custom cabinetry, warm marble countertops and a full-height marble backsplash, and an integrated Sub-Zero and Wolf appliance suite. Bathrooms have freestanding soaking tubs and Waterworks fixtures. Floor-to-ceiling sliding glass doors open onto terraces. Most residences are entered through a private elevator vestibule, and the buildings have dedicated service elevators.
“Our inspiration for the design of The Residences came from a combination of coastal beauty and refined modernism, with interiors curated to reflect the natural environment of Fort Lauderdale Beach, delicate textures, organic forms, and soothing palettes that exude iconic elegance,” said Dan Fink, Interior Designer and Founder, Dan Fink Studio, according to the developer’s website.
Wellness: what the developers call Invisible Wellness
The wellness feature the developers talk about is one owners will not see. According to the developers, Admire Capital and MICL brought in wellness consultant Amber Berger to shape an approach they call Invisible Wellness: cleaner air, filtered water and healthier materials in each residence.
The visible part is the spa. The developer lists a traditional hammam, an ice therapy room, a restorative plunge pool, a steam and sauna chamber, a multi-sensory shower, a meditation garden and a private treatment suite. The fitness center uses TechnoGym equipment and includes a yoga studio.
Amenities and Ritz-Carlton service
According to the developer, a 75-foot lap pool extends over the Intracoastal, next to a leisure pool, a poolside bar and private cabanas. A limited number of private dock slips are planned. The fact sheet notes that cabanas and slips may carry additional fees. Indoors, the developer lists a residents’ lounge with a catering kitchen, a screening room, a sport simulator and a children’s playroom. A dog park, an open-air barbecue area and a bayside walk are also on the list.
Concierge and valet are described as 24-hour services. According to the developer’s website, owners can join ONVIA, Marriott’s owner recognition platform, which includes Marriott Bonvoy Platinum Elite status for one owner per unit. The developer fact sheet states that the residences are not owned, developed or sold by Marriott International, and that 551 Bayshore SPE, LLC uses The Ritz-Carlton trademarks under a license from Marriott.
Location: 551 Bayshore Drive on Fort Lauderdale Beach
The towers are planned for 551 Bayshore Drive, on the Intracoastal side of Fort Lauderdale Beach. The developer describes the site as steps from the beach and moments from Las Olas Boulevard, marinas and Michelin-starred dining. For the wider market, see our Fort Lauderdale luxury new developments guide and the Fort Lauderdale market page.
To compare other branded projects nearby, see our St. Regis Bahia Mar vs Ritz-Carlton Fort Lauderdale comparison, the Inside the St. Regis Resort & Residences Bahia Mar guide and our report on The Bahia Mar Club. For a delivered marina address, see Pier Sixty-Six Residences and the proposed Pier Sixty-Six Phase 2 towers.
Timeline, pricing and the sales gallery
According to the developers, groundbreaking is anticipated in the first quarter of 2027, and completion is expected in 2029. Residences are priced from $3.4 million, per the developers, and range from about 1,550 to 3,480 square feet in two- and three-bedroom plus den layouts. Pricing and availability can change, so ask for a current price sheet before comparing.
The sales gallery is open at 505 N Fort Lauderdale Beach Blvd., #CU-7. According to the developers, it displays a model kitchen and a primary bathroom.
The project suits buyers who want an 83-residence building with Ritz-Carlton service on the Intracoastal, and who are comfortable with the 2029 completion the developers expect. Penthouse buyers should ask which homes are released, because the developers say they sold a penthouse before a formal release.
For floor plans and the residence mix, see our Inside The Ritz-Carlton Residences, Fort Lauderdale Beach guide and The Ritz-Carlton Residences, Fort Lauderdale project page. For the launch write-up, see Availability Update: What Buyers Should Know About The Ritz-Carlton Residences, Fort Lauderdale. To compare the brand across the region, see Ritz-Carlton Residences across South Florida.
FAQ: The Ritz-Carlton Residences, Fort Lauderdale Beach
What was the first sale at The Ritz-Carlton Residences, Fort Lauderdale Beach?
The first sale was Penthouse A, a two-story home, according to developers MICL and Admire Capital, who describe it as an off-market sale made before the penthouses were released. The developer’s floor plan shows 3,401 square feet inside, 3,908 square feet of terrace and three bedrooms plus a den. No sale price has been disclosed.
How much do residences cost, and what sizes are available?
According to the developers, residences are priced from $3.4 million and range from about 1,550 to 3,480 square feet. The building has 83 homes in two- and three-bedroom plus den layouts, including villas and penthouses. Pricing and availability can change, so ask for the current price sheet and floor plans before you compare.
When will The Ritz-Carlton Residences, Fort Lauderdale Beach be completed?
According to the developers, groundbreaking is anticipated in the first quarter of 2027, and completion is expected in 2029. The two towers will stand at 551 Bayshore Drive along 400 linear feet of Intracoastal frontage. The sales gallery is open at 505 N Fort Lauderdale Beach Blvd., #CU-7, in Fort Lauderdale.