A family from New York City has agreed to pay $47 million for a duplex penthouse at the St. Regis Residences, the under-construction condo tower rising along Brickell Avenue in Miami, Fla., according to Realtor.com. The deal is one of the highest prices ever recorded for a condominium in Brickell, Miami’s financial district, and lands the buyers among neighbors that include Citadel founder Ken Griffin.
The buyers were not named in Realtor.com’s reporting, which described them only as a family relocating from New York City to South Florida. No broker or agent representing either side of the transaction was identified in the report.
The unit
The residence, known as The Charles penthouse, spans 10,012 square feet across two floors and includes five bedrooms and seven bathrooms with natural-stone showers, a chef’s kitchen with Italian cabinetry and custom lighting, two terraces, a private rooftop pool, a spa and a summer kitchen. The $47 million price falls just short of the $49.9 million paid in March for each of a pair of duplex penthouses at the planned Residences at Mandarin Oriental, which Realtor.com cited as the current record for a Brickell condominium.
The St. Regis Residences is a 50-story tower overlooking Biscayne Bay, co-developed by Related Group and Integral Investments and designed by Robert A.M. Stern Architects. It is scheduled for completion at the end of 2027. The project totals 152 units, with prices starting above $5 million. According to the developers, more than 80% of the residences have sold, generating roughly $900 million toward a sellout expected to approach $1 billion.
Once finished, the building is planned to include a private marina, a restaurant helmed by a Michelin-starred chef, exclusive beach club access, a video game room, a golf simulator, a wellness center with a cold-plunge pool and sauna, Pilates and yoga studios, three pools and a sky lounge on the 31st floor.
Brickell’s rise
The sale adds to Brickell’s transformation into what Realtor.com’s report called the “Manhattan of the South,” a financial hub increasingly dense with investment firms, corporate offices and luxury towers. Griffin has spent years assembling Brickell real estate, including a 2.5-acre parcel purchased for $363 million in 2022 when he relocated Citadel’s operations from Chicago, and has laid groundwork for a 54-story company headquarters in the neighborhood.
Miami-Dade County recorded 21 single-family home sales at $30 million or higher in the first half of 2026, more than double the prior full-year record, and total residential dollar volume reached $13.7 billion between January and June, up 19% year over year, according to a midyear report from Analytics Miami cited by Realtor.com. Ana Bozovic, a Miami-based agent and founder of Analytics Miami, described the pattern as an “echo exodus” β a second wave of wealth migration into South Florida that she attributed to buyers gaining clarity on which states best match their long-term tax and policy priorities, rather than the pandemic-era uncertainty that drove the first wave.
What it means
The verified facts here are narrow but notable: a $47 million agreement for a specific, named unit in a still-under-construction Brickell tower, reported by Realtor.com as one of the largest condo deals in the neighborhood’s history and just shy of a record set months earlier at a competing project. Because the tower won’t be complete until 2027, this is a pre-construction contract rather than a closed, recorded sale, and Miami-Dade public property records would not yet reflect a deed for the unit.
The broader claims about an “echo exodus” of wealthy residents and Miami’s luxury-market momentum are attributed to Analytics Miami and its founder, not independently verified by RealtyWire. They are consistent with widely reported trends β Miami’s emergence as a top ultra-luxury home market and the region’s broader home-price growth β but readers should treat the migration narrative as informed commentary rather than settled fact.
For RealtyWire’s purposes, the transaction is a clean example of the beat: a nine-figure-adjacent single-unit sale in a marquee building, tied to a broader story about capital moving into South Florida from high-tax states. It’s also a reminder that Brickell, once known mainly as a business district, is now competing directly with Miami Beach and Sunny Isles for the region’s largest residential price tags.
Related: MIAMI REALTORS completes second merger in two months, unifying Southeast Florida MLS access. More luxury sales and listings coverage is available on RealtyWire’s luxury real estate page.
