A penthouse at Cipriani Residences Miami is seeking a record-breaking price per square foot in Brickell, Miami’s financial district. The four-bedroom, five-and-a-half-bathroom Penthouse 1 is listed for $16.2 million, equating to $3,333 per square foot. If sold at that price, it would surpass the previous record set by a tri-level penthouse at Una Residences, which sold for $17.75 million at $2,506 per square foot.

Developer Camilo Miguel Jr., founder and CEO of Mast Capital, highlights the growing demand for luxury amenities and world-class cuisine among buyers, especially with the influx of Wall Street and Silicon Valley firms to Miami. The Cipriani project will feature 397 homes across 80 stories, including exclusive penthouses and a private restaurant inspired by the iconic Cipriani family’s Harry’s Bar in Italy. Completion is expected in 2026.

(source: axios.com, picture: ciprianiresidencesmiami.com)