MIAMI BEACH, Fla. — June 12, 2026 — Mast Capital, one of Florida’s most active real estate development and investment firms, and Rockpoint, a Boston-based real estate private equity firm, announced today the debut of the Penthouse Collection at Avara Miami Beach,  a limited offering of 26 residences positioned atop the ultra-luxury eight-story luxury community at 3900 Alton Road. As Miami continues drawing affluent residents, The Penthouse Collection introduces a rare class of apartment rentals for those who value the pinnacle of sophisticated living, pairing the quality of a high-end condominium with the ease of a professionally managed address.

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Penthouse residents enjoy a suite of perks and conveniences designed to make every day feel seamless. Packages are hand-delivered directly to each home, while preferred parking provides a reserved space with easy access to the lobby. For entertainment and leisure, a monthly curated breakfast creates a moment to gather, while complimentary amenity space reservations allow for hosting special private gatherings, intimate dinners and celebratory moments.

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Priced from $3,575 to $13,295 a month, the Penthouse Collection brings together premium finishes, GE appliances, wine storage and soaking tubs, with paneled refrigeration included in select two- and three-bedroom layouts. Panoramic floor-to-ceiling windows with motorized shades allow residents to shape light and atmosphere throughout the day. Beyond the interiors, expansive terraces open to sweeping views of Downtown Miami and Biscayne Bay, making a natural passage between the inside and open air.

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“The Penthouse Collection represents the most complete expression of what we set out to create at Avara Miami Beach,” said Camilo Miguel, Jr., Founder and CEO of Mast Capital. “These residences bring together space, design and a level of service that is increasingly important to today’s luxury renter. Miami’s growing profile is attracting an audience that wants the quality of a luxury home, but with fewer operational demands than ownership traditionally requires. Avara was shaped for that mindset.”

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The project brings together a seasoned design team, with Arquitectonica leading the architecture, CID Design Group overseeing interiors and Witkin Hults + Partners directing landscaping. Across 178 total apartment homes, including the newly introduced Penthouse Collection, Avara offers layouts ranging from junior one-bedroom homes to three-bedroom residences spanning approximately 560 to 1,410 square feet. Each residence is thoughtfully conceived to accommodate a range of lifestyles, offering the space and flexibility for singles, couples and families to feel at home. The community is defined by a soft modernism, from sculpted balcony frames and curved forms to warm interior materials and layered outdoor spaces. Interiors are complimented by porcelain plank flooring, flat-panel cabinetry, quartz countertops and backsplashes.

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Avara’s amenity collection creates a resort-style experience, encouraging connection between families and neighbors. The pool deck offers an open-air setting for lounging and taking in surrounding views. Inside, the fitness center supports strength, cardio and wellness routines. Coworking lounges and private offices provide a backdrop for focused work, meetings or quiet productivity, and the clubroom features bar seating and gathering areas suited for casual evenings, celebrations and entertaining. A dedicated pet spa extends that ease to four-legged companions, making daily care simple.

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Positioned along Alton Road near the Julia Tuttle Causeway, Avara is located at a natural connection point between Miami Beach and the mainland, offering residents direct access to Miami’s cultural and business districts while preserving the quieter pace of Mid-Beach. The development is minutes from Sunset Harbour, Mount Sinai Medical Center, Polo Park and neighborhood schools including North Beach Elementary and Miami Beach Nautilus Middle School, placing residents close to dining, wellness, recreation and everyday conveniences while offering the tranquility of a tucked-away residential retreat.

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Leasing for Avara Miami Beach is handled exclusively by Douglas Elliman. For additional details, please visit https://www.avaramiamibeach.com/.