Billionaires Beach Miami

Billionaire's Beach: Miami's Ultra-Luxury Condo Renaissance

Miami’s South Beach neighborhood is undergoing a dramatic transformation that is turning a section of Collins Avenue into the new epicenter of Miami luxury and ultra-luxury living and hospitality. Dubbed “Billionaire’s Beach,” this six-block stretch in South Beach along the ocean is experiencing a $2.5 billion investment boom, redefining the area’s historic Art Deco district as a global hub for the elite.

At first glance, it might be hard to imagine, but the future Billionaire’s Beach in Miami Beach will span from 14th to 20th streets along Collins Avenue. Currently, the area is dotted with aging iconic hotels and construction sites on the eastern side, while the western side is lined with lower-tier hotels and souvenir shops. However, this stretch is poised for a complete transformation and will soon be unrecognizable.

The Vision of Miami's Billionaire's Beach

Billionaire’s Beach is the brainchild of Michael Shvo, one of the leading developers of ultra luxury real estate across the country. His ambition? To recreate the allure of Manhattan’s Billionaire’s Row, the focal point of which is Central Park, but with Miami’s unique tropical flair and its own focal point, Miami Beach and the Atlantic Ocean. The redevelopment of this stretch is marked by new modern Miami Beach luxury condo towers at hefty price tags fused with the architectural heritage of Miami’s 1930s and 1940s Art Deco design. The area will feature a variety of luxury condos for sale, catering to affluent buyers seeking exclusive living options in Miami Beach.

The iconic landmarks such as the Raleigh, Shore Club, and Sagamore, will remain and be fully restored to their 1940s glamour, however, these icons will also feature additional ultra-luxury residential towers. Ultimately, these properties will represent a lifestyle steeped in sophistication, exclusivity, and opulence.

South Beach Art Deco Meets Modern Elegance

A key feature of this transformation is the commitment to preserving Miami’s Art Deco charm. Developers are carefully restoring historic elements such as porthole windows and curvilinear facades, ensuring the new developments retain the district’s architectural identity. This approach appeals to affluent buyers seeking cultural authenticity alongside modern amenities.

A Look at the New Miami Beach Oceanfront Condos & Hotels

Ritz Carlton South Beach: By merging with the art deco Sagamore Hotel next door, the hotel’s owners are now able to build a 15-story tower at 1671 Collins. The 30 units start at $3.9M with combined duplex penthouses being offered at $125M. These new developments will offer some of the most luxurious waterfront condos in Miami Beach, providing residents with stunning ocean views and top-tier amenities.

Ritz Carlton Residences South Beach

Ritz-Carlton-Sagamore-Residences 2

The Raleigh: Michael Shvo’s project, the Raleigh, at 1775 Collins, will be managed by Rosewood and reimagined by architect Peter Marino. The $1 billion restoration of The Raleigh includes a 17-story residential tower with 40 units. The property will feature the famous scrollwork pool as its centerpiece, with apartments starting at $10M and a penthouse priced at $150 million.

The Shore Club Private Collection: Under the Auberge Resorts Collection, this iconic property at 1901 Collins is being modernized by New York’s favorite starchitect, Robert A.M. Stern, blending classic Art Deco elements with contemporary design. With 46 units priced from $6M, the building’s $120M penthouse is already in contract.

Bulgari Miami Beach Hotel / formerly Seagull: Luxury brand Bulgari is transforming this property at 21st and Collins into a pinnacle of elegance, marking its first hotel venture in the United States.

Apparently, all the work to-date has been concentrated north of Lincoln Road, which would be the equivalent of 16 ½ Street. It remains to be seen what happens in the stretch south of Lincoln Road to 14th Street.

Further Afield

Aman Miami Beach Residences: 14 blocks north, the Aman Miami Beach is being developed by OKO Group and Access Industries. The hotel portion of the project is set to occupy the historic Versailles Hotel at 3425 Collins Avenue. The project includes the meticulous restoration of the Art Deco Versailles building, transforming it into a 56-key Aman hotel. Adjacent to the hotel, a new residential tower designed by renowned architect Kengo Kuma will house 23 exclusive Aman-branded residences, offering owners unparalleled luxury and direct beach access.

In addition to these developments, much farther north Bal Harbour and Sunny Isles Beach are other exclusive neighborhoods known for its luxury condos and upscale living.

Existing Miami Beach Luxury Condo Developments Further Afield (from South to North)

The allure of Billionaire’s Beach is further enhanced by existing Miami Beach condos that have set high standards for luxury and service:

Setai Miami Beach: This Asian-inspired hotel and residence at 2001 Collins is celebrated for its serene ambiance, zen vibe and exceptional service.

W South Beach: Known for its contemporary design and vibrant atmosphere, W South Beach at 2201 Collins offers 401 guest rooms, including suites and penthouses with expansive ocean views.

1 Hotel South Beach: This eco-conscious luxury hotel at 2341 Collins offers 426 rooms, including 168 studio suites and one 3,500-square-foot oceanfront presidential suite.

Miami Beach Edition: The Miami Beach Edition at 2901 Collins blends modern luxury with timeless sophistication. This oceanfront property combines a modern-designed boutique hotel with exclusive residences.

Faena District Miami Beach: Opened in 2015, Faena Hotel Miami Beach at 3201 Collins is renowned for its extravagant design by Norman Foster and world-class amenities. Adjacent to Faena House is the new Aman Miami Beach Residences.

Other Miami Luxury Neighborhoods

Miami Beach is home to some of the most exclusive and ultra-luxury neighborhoods in the world, including South Beach, Fisher Island, and Bal Harbour. These areas are synonymous with opulence, offering a range of luxury condos, mansions, and estates, many of which are located directly on the ocean or the Intracoastal Waterway. The stunning architecture, beautifully landscaped gardens, and world-class amenities make these neighborhoods highly desirable.

Residents of these ultra-luxury neighborhoods enjoy unparalleled access to high-end shopping, gourmet dining, and vibrant entertainment options. Top-rated schools and healthcare facilities further enhance the appeal, making these areas ideal for families and individuals seeking a luxurious lifestyle. International buyers and investors are particularly drawn to Miami Beach for its unique blend of luxury, lifestyle, and investment potential, solidifying its status as a global hotspot.

Miami Luxury Amenities and Lifestyle

Luxury condos in Miami Beach are designed to offer an exceptional living experience, with a range of world-class amenities that cater to the most discerning tastes. Private beach access, infinity pools, and state-of-the-art fitness centers are just the beginning. Many of these condos feature luxurious finishes and high-end features, such as marble countertops, hardwood floors, and top-of-the-line appliances.

Residents also enjoy a host of lifestyle amenities, including access to private clubs, exclusive spas, and gourmet restaurants. Miami Beach itself is a cultural hub, home to the Miami Beach Symphony, the Bass Museum of Art, and the Adrienne Arsht Center for the Performing Arts. With 24/7 concierge service, valet parking, and private security, luxury condos in Miami Beach provide a convenient and opulent lifestyle that is second to none.

The Driving Forces Behind the South Florida Condo Boom

The surge in Miami’s luxury market can be attributed to several factors:

2017 Tax Reforms: Favorable tax policies spurred a migration of wealth to Miami, attracting high-net-worth individuals and corporations like Citadel and Starwood Capital Group.
Pandemic-Era Popularity: Miami’s relaxed lockdown policies during the pandemic drew tech entrepreneurs, financiers, and cultural tastemakers to the city. This trend has continued post-pandemic, with Miami recording a 13% increase in domestic tourism from 2021 to 2023, driving up the demand for luxury condos for sale.
Global Appeal: The city’s allure extends beyond the U.S., attracting buyers from Brazil, Colombia, and Europe, solidifying its status as an international destination for the ultra-wealthy.

Billionaire's Beach Future Outlook

As Billionaire’s Beach nears its 2028 completion, Miami Beach is poised to reclaim its status as the “American Riviera.” With its blend of historic charm and modern luxury, that stretch of Collins Avenue will stand as a testament to Miami’s resilience and reinvention, promising a future as vibrant and storied as its past.

The arrival of high-net-worth residents is anticipated to transform the retail landscape around Billionaire’s Beach significantly. Plans include extending the Lincoln Road pedestrian mall to the beach from Washington Street. Traditional offerings are expected to make way for upscale boutiques, gourmet restaurants, and bespoke service providers, tailored to meet the refined tastes and luxurious lifestyles of the area’s ultra-wealthy residents.

In addition to properties for sale, there will be a variety of luxury condos available for rent, catering to those seeking short-term or seasonal stays in Miami Beach.

For those who remain skeptical—something I once was myself—there have already been several eight- and nine-figure contracts signed, signaling the undeniable momentum behind this transformation. Notably, the Shore Club’s $120 million penthouse is already under contract. With such substantial financial backing, it’s only a matter of time before these ambitious plans become a reality.

Investment Opportunities

Miami Beach is a highly sought-after destination for real estate investors, thanks to its strong rental market and potential for long-term appreciation. Luxury condos in Miami Beach offer a range of investment opportunities, from rental income to appreciation and tax benefits. The high demand and limited supply of these properties make them a smart choice for those looking to diversify their portfolio.

International buyers are particularly attracted to Miami Beach for its luxury lifestyle, beautiful beaches, and business-friendly environment. As the area continues to grow in popularity, the value of luxury condos is expected to rise, making them a solid investment choice. Whether you’re looking to capitalize on rental income or long-term appreciation, Miami Beach’s luxury real estate market offers significant potential.

Developer Spotlight

Miami Beach is home to some of the top developers in the industry, known for their commitment to quality, design, and luxury. These developers are leading the way for Billionaire's Beach development. Leading names like Witkoff and Monroe Capital, SHVO, Lionstone & Ben-Joseph, Related Group, Terra Group, and Turnberry Associates have created some of the most iconic and luxurious properties in Miami and New York, including the Fontainebleau Miami Beach, the Miami Beach EDITION, the Turnberry Ocean Club, 150 Charles, One High Line, Epic, Aman Residences New York, Mandarin Oriental New York, etc.

These developers are renowned for their attention to detail and dedication. From luxury condos to high-end hotels, their projects are shaping the future of luxury real estate in South Florida. With a focus on innovation and excellence, Miami Beach developers continue to set new standards in the world of luxury living.

How Can I Buy on Billionaire's Beach Miami? Contact Us Today

Ready to find your dream condo on the new Billionaire's Beach Miami? These ultra-luxury pre-construction condos are not listed on the traditional MLS and only qualified buyers are allowed access. Developers have been keeping everything close to the vest. If you want to learn more about any of these new Billionaire Beach condos, contact us today.

Billionaires Beach Miami