Rivage Bal Harbour: The Complete Buyer’s Guide
Rivage Bal Harbour is a 56-residence oceanfront tower by Related Group and Two Roads Development at 10245 Collins Avenue. As of September 2026, remaining residences start around $13 million — an estimated $3,900-plus per square foot — topped by a $75 million penthouse. Construction began September 2024, with delivery targeted for 2027.
Bal Harbour has almost no developable oceanfront left, which is why Rivage — built on one of its last beachfront parcels — commands the highest asking prices per square foot in the village’s history. This guide covers who is building it, what it costs against Bal Harbour resales as of September 2026, what the amenities buy, where construction stands, and how it compares to Mid-Beach rival The Perigon. For the full regional pipeline, see our new developments hub.
What is Rivage Bal Harbour and who are the developers?
Rivage is a 25-story tower of 56 “sky villa” residences at 10245 Collins Avenue, Bal Harbour, FL 33154, set on 2.67 acres with 200 linear feet of private beachfront between the ocean and the Intracoastal. The development team is blue-chip: Related Group — Jorge Pérez’s firm, the most prolific condo developer in Florida — with Two Roads Development and institutional partner Rockpoint. Architecture is by Skidmore, Owings & Merrill (SOM), interiors by Rottet Studio under Lauren Rottet, and landscaping by Enea Garden Design. Douglas Elliman Development Marketing leads sales; Coastal Construction is building it.
The unit program is what separates Rivage from the tower crowd: no more than three residences per floor, each with private elevator access, and floor plans running roughly 3,300 to nearly 13,000 square feet. Standard lines are three- and four-bedroom layouts — the three-bedroom C line runs about 3,869–3,882 square feet, four-bedroom lines about 4,603–5,198 square feet with 388-square-foot terraces, expanding to roughly 7,500 square feet on upper floors, per project materials as of 2026. Every residence comes with a dedicated two-car private garage.
What does Rivage cost per square foot compared with Bal Harbour resales?
Rivage launched sales in January 2023 with a penthouse asking over $65 million, per The Real Deal. As of September 2026, remaining availability starts at approximately $13 million, and market trackers estimate the building’s average asking price at roughly $3,925 per square foot, per CondoBlackBook. In July 2026, the developers revealed the “crown jewel” penthouse — over 20,000 total square feet with a dedicated Longevity Suite — asking $75 million, per ProfileMiami, which would set a Bal Harbour record if achieved.
That is a steep premium over resales, and the gap is worth quantifying. Bal Harbour’s delivered trophy tier — Oceana Bal Harbour (2016) and the St. Regis Bal Harbour (2011) — generally trades at $2,100 to $2,400-plus per square foot as of mid-2026, per local market analyses. The village’s outlier resale, a combined corner unit at Oceana, closed at roughly $4,095 per square foot ($30.5 million) — a record-smashing total for the local condo market. Older 1964–2004 buildings trade at $1,000 to $1,450 per square foot. Rivage is asking, on average, what the very best resale in village history achieved once.
Rivage asking prices vs. comparable Bal Harbour and boutique-oceanfront pricing, as of September 2026 (market trackers, published sale reports, developer materials)
| Building / tier | Status | Pricing | Approx. PPSF |
| Rivage — 3BR C line (~3,870 sq ft) | Under construction, delivery 2027 | From ~$13M | ~$3,400–$3,900+ |
| Rivage — 4BR lines (~4,600–5,200 sq ft) | Under construction | Inquire; building average tracked at ~$3,925/sq ft | ~$3,900 |
| Rivage — crown-jewel penthouse (20,000+ sq ft) | Listed July 2026 | $75M | ~$3,750 |
| Oceana Bal Harbour (2016) — record resale | Delivered | $30.5M (7,442 sq ft) | ~$4,095 |
| Oceana / St. Regis Bal Harbour — typical trophy resales | Delivered | Varies | $2,100–$2,400+ |
| Bal Harbour mid-tier (1964–2004 buildings) | Delivered | Varies | $1,000–$1,450 |
| The Perigon, Miami Beach (comparison) | Under construction | From $4.5M at launch | Lower entry; smaller units from 2,100 sq ft |
In prose, the same picture: Rivage asks roughly $3,900 per square foot on average, versus $2,100–$2,400 for Bal Harbour’s best delivered buildings and $1,000–$1,450 for its older stock, as of September 2026. Whether new construction deserves a 60–80 percent premium over trophy resales is the underwriting question; our September 2026 price-per-square-foot index tracks how that spread has behaved across South Florida.
What amenities justify the premium?
The premium buys scarcity first — the last new beachfront tower in Bal Harbour, across from Bal Harbour Shops — and hardware second. Rivage dedicates more than 25,000 square feet to wellness and recreation: sunrise and sunset pools, a fitness pavilion, a hammam spa with hot and cold plunge pools, private treatment rooms, and pickleball and paddle courts, per project announcements. Residents get an oceanfront residents-only restaurant, a cocktail lounge, a kids’ playroom, a VR game simulator, 24/7 butler and concierge service, and a private beach club along the 200 feet of sand.
The in-unit spec matters as much as the shared spaces at this tier: private elevator entry, two-car private garages, and deep ocean-facing terraces. Note that estimated association dues run around $2.10 per square foot — roughly $6,900 a month on the smallest line, per local market analysis as of mid-2026. Buyers modeling total ownership costs should read what a $5M new-development condo in South Florida really costs per year and scale up accordingly — at Rivage the entry ticket is more than double that benchmark.
How far along is construction as of September 2026?
Rivage broke ground on September 20, 2024, per ProfileMiami, with Coastal Construction as general contractor. In late 2024 the partners closed a $424 million construction loan from TYKO Capital — one of the larger condo construction facilities in recent South Florida history, per South Florida Agent Magazine — a meaningful de-risking signal, since fully funded projects rarely stall for capital reasons.
As of September 2026, the tower is roughly two years into construction with vertical work underway and delivery targeted for 2027, per developer and financing coverage. [VERIFY: exact current construction stage — floor count/topping-out status as of September 2026; check latest Florida YIMBY or ProfileMiami crane report before publication.] For how Rivage slots into next year’s completions, see our 2027 delivery calendar September update.
Buyers contracting this late in the cycle face a shorter deposit runway but less optionality. If your plans could change before closing, our guide to assigning a pre-construction contract in Florida explains assignment rights, delay clauses, and exit options.
Rivage vs. The Perigon: which boutique oceanfront wins?
The Perigon at 5333 Collins Avenue in Mid-Beach is Rivage’s closest philosophical rival: a 17-story, 73-residence oceanfront boutique by Mast Capital and Starwood Capital Group, designed by OMA with Tara Bernerd interiors, priced from $4.5 million at launch with units of 2,100 to 6,700 square feet and a residents-only restaurant from Michelin-starred chef Shaun Hergatt. It broke ground in April 2024 targeting delivery around late 2026–2027.
The decision splits on scale and address. Rivage wins on residence size and exclusivity: 56 homes versus 73, three per floor, 3,300-square-foot minimums versus 2,100, two-car private garages, and the Shops-adjacent Bal Harbour address. The Perigon wins on entry price — an OMA building at roughly one-third of Rivage’s entry ticket, in a more walkable Mid-Beach corridor. If private outdoor water is on your must-have list, note that top-tier units at both buildings feature plunge pools; our comparison of private pools in the residence across South Florida’s new developments maps which lines actually get them.
For a family consolidating into a primary or long-hold second home at 5,000-plus square feet, Rivage is the more complete product. For a design-driven buyer at $5–8 million, The Perigon is the realistic entry to boutique oceanfront. Track both alongside the rest of the market in our South Florida pre-construction monthly.
Frequently Asked Questions
How much does a condo at Rivage Bal Harbour cost?
As of September 2026, remaining residences at Rivage Bal Harbour start at approximately $13 million, with the building’s average asking price tracked at roughly $3,925 per square foot, per market data. The top offering is a 20,000-plus-square-foot penthouse revealed in July 2026 at $75 million.
Who is developing Rivage Bal Harbour?
Rivage Bal Harbour is developed by Related Group — the Miami firm led by Jorge Pérez — with Two Roads Development and institutional partner Rockpoint. Skidmore, Owings & Merrill (SOM) designed the architecture, Rottet Studio the interiors, and Enea Garden Design the landscape. Douglas Elliman Development Marketing handles sales; Coastal Construction is the builder.
When will Rivage Bal Harbour be completed?
Rivage broke ground on September 20, 2024, and delivery is targeted for 2027, per developer and financing coverage. As of September 2026 the project is roughly two years into construction and fully financed via a $424 million construction loan from TYKO Capital closed in late 2024.
How many residences are in Rivage Bal Harbour?
Rivage contains 56 residences across 25 stories, with no more than three homes per floor. Floor plans range from about 3,300 to nearly 13,000 square feet in three- and four-bedroom lines, plus multi-level penthouses. Every residence has private elevator access and a dedicated two-car private garage.
What is the price per square foot at Rivage compared to Bal Harbour resales?
Rivage averages roughly $3,925 per square foot in asking prices as of September 2026, per market trackers. Delivered trophy buildings such as Oceana and the St. Regis Bal Harbour resell at about $2,100–$2,400 per square foot, while older Bal Harbour buildings trade at $1,000–$1,450 — so Rivage carries a 60–80 percent premium over the best resale stock.
What amenities does Rivage Bal Harbour offer?
Rivage devotes over 25,000 square feet to amenities: sunrise and sunset pools, a fitness pavilion, a hammam spa with hot and cold plunges, private treatment rooms, pickleball and paddle courts, an oceanfront residents-only restaurant, a cocktail lounge, a kids’ playroom, 24/7 butler and concierge service, and a private beach club on 200 feet of sand.
How much is the Rivage Bal Harbour penthouse?
The crown-jewel penthouse was revealed in July 2026 at $75 million, per ProfileMiami. It spans more than 20,000 total square feet across the tower’s top floors, with five bedrooms, a private Longevity Suite featuring a hyperbaric chamber and Ammortal Chamber, an oceanfront plunge pool, and hot and cold tubs on matching terraces.
Is Rivage Bal Harbour a good investment?
The case rests on scarcity: Rivage occupies one of Bal Harbour’s last developable beachfront parcels, and the village’s trophy resales have appreciated strongly — one Oceana unit resold at roughly $4,095 per square foot. The risk is the premium: buying at ~$3,900 per square foot prices in years of appreciation. Fully funded construction and blue-chip sponsorship reduce execution risk.