It is known nationally and locally that the Miami real estate market is one of the most thriving in the nation, however its’ neighbor to the north, Fort Lauderdale, is also on the rise. A penthouse condominium unit in the Ritz Carlton has just sold for $1556 per square foot, which breaks the city’s record. The sales was for unit 2202 and went for $4.4 million. It contained three beds and five baths including a spacious balcony with outdoor landscaping.

Residences such as this one command very high prices for a variety of reasons. Namely, they appeal to CEO’s and high level executives because they have every item taken care of in house including laundry, dining, massage, housekeeping and more. The new preconstruction projects in Miami including Faena House, Millecento, and Residences at Ritz Carlton offer similar style living. For more information on new properties or for existing condo opportunities in Fort Lauderdale and Miami, contact us today!