Canyon Ranch

Miami Beach’s Canyon Ranch Living released eight penthouse units for sale this month — and they sold within two hours, according to Serge Kay. “Buyers were asking about the residences even before we offered them,” he said. The buyers paid an average price exceeding $1,000 per square foot. The quick sale was a result of a preexisting waiting list “When we formally notified them, they quickly signed contracts.” The sales totaled $7 million.