Splashy Miami penthouse lands contract for $68.3M

May 19, 2026 - 10:37

A penthouse in a luxury Miami tower has gone under contract for $68.3 million, adding to a staggering sales surge that has seen the building rack up more than $250 million in deals over the past 100 days. The high-rise, located in the city's booming Brickell district, has become a hotspot for ultra-wealthy buyers seeking waterfront views and top-tier amenities.

The $68.3 million contract is one of the largest residential transactions in Miami's history, though it has not yet closed. The tower, which features a mix of full-floor residences and duplex penthouses, has been drawing attention from international buyers and hedge fund executives alike. Real estate agents say the building's design, private elevators, and direct ocean access have been key selling points.

The recent flurry of contracts reflects a broader trend in Miami's luxury market, where inventory remains tight and demand continues to outpace supply. While some analysts warn of a potential slowdown, the tower's sales team reports steady interest from buyers looking to lock in prime real estate before prices climb further. The $68.3 million penthouse, if finalized, would set a new record for the building and further cement Miami's status as a rival to New York and Los Angeles for high-end living.