RITZ-CARLTON RESIDENCES, WEST PALM BEACH SETS RECORD IN NORTH FLAGLER CORRIDOR WITH $14.5 MILLION PENTHOUSE CONTRACT

With over 80% of residences presold and $254 million in signed contracts over the last six month, the tower ranks among the fastest-selling properties in South Florida

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WEST PALM BEACH, FL (April 21, 2026) – Leading real estate developers Related Group and BH Group, in collaboration with global hospitality leader Marriott International, today announced a new North Flagler Drive price record at The Ritz-Carlton Residences, West Palm Beach (The Residences). Priced at $14.5 million, with an average price per square foot in excess of $3,000, the residence sets a new benchmark as the most expensive condominium ever sold along the coveted waterfront corridor.

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The milestone builds on a project in full stride, with more than $254 million in signed contracts over the past six months and construction now actively underway.

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“West Palm Beach is one of the strongest-performing markets in our condo portfolio, with The Residences leading the way in demand and sales velocity,” said Nick Pérez, President of Related Group’s Condominium Division. “It’s been a breakout project for us – buyers are responding immediately to a very clear value proposition: quality, service and location that simply didn’t exist here a decade ago. This record-setting sale underscores just how strong that demand is, and our continued confidence in West Palm Beach as a premier luxury destination.”

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Credit: The Boundary

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Rising 27 stories along a prime waterfront site, the tower embodies the Ritz-Carlton’s timeless elegance and exacting design standards. Thoughtfully crafted by Arquitectonica with interiors by Rockwell Group and landscaping by Naturalficial, each of the 138 residences are intentionally oriented eastward to frame sweeping coastal views and vivid turquoise waters – offering an uninterrupted connection to West Palm Beach’s waterfront lifestyle.

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The 27th-floor penthouse offers four bedrooms and four-and-a-half bathrooms across 4,776 square feet, with expansive living areas and floor-to-ceiling windows that maximize natural light and showcase sweeping views of the Intracoastal Waterway and Atlantic Ocean. Seamlessly blending indoor and outdoor living, the residence features a 1,204-square-foot wraparound terrace, ideal for both entertaining and private relaxation. This residence is among a limited collection of penthouses, each thoughtfully designed with distinct floor plans that capture the scale and privacy of a single-family estate in the sky.

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Additional homes offer two- to four-bedroom floorplans, ranging from 1,500 to over 3,000 square feet with open layouts and floor-to-ceiling windows that extend effortlessly to expansive private balconies. The Chef-inspired kitchens are appointed with custom Italian cabinetry and top-of-the-line Sub-Zero and Wolf appliances, while bathrooms showcase bespoke Hansgrohe fixtures. Each residence includes dedicated elevator access, an entry foyer, pre-wired smart home technology and keyless entry.

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“We’re seeing a new wave of finance, technology and business professionals relocating to the city bringing both capital and high expectations,” said Chris Leavitt, Director of Sales for The Ritz-Carlton Residences, West Palm Beach. That influx combined with continued investment across the city’s infrastructure is accelerating demand for premier residential product. The result is a market where pricing is being redefined at the highest end of the luxury segment.”

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True to The Ritz-Carlton’s legacy of exceptional hospitality, The Residences offers a refined collection of amenities and services curated to support comfort, connection and complete well-being. Managed by dedicated Ritz-Carlton staff, the experience begins with a dramatic bayfront pool deck featuring private cabanas, summer kitchens and poolside dining. Just beyond, a state-of-the-art fitness and wellness center offers the latest cardio and resistance training equipment, along with a world-class spa, private treatment rooms and his-and-hers steam and sauna facilities.

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Credit: The Boundary

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Residents will also enjoy an array of thoughtfully designed spaces for work, play and everyday living. Private conference and coworking areas offer seamless productivity. A dedicated children’s room and a gaming lounge with a cutting-edge golf simulator bring joy to all ages. Expansive outdoor terraces, multiple entertainment lounges and two fully appointed guest suites complete the amenity package, allowing for effortless hosting and leisure.

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Throughout the property, a curated selection of museum-quality artwork from the Jorge M. Pérez Contemporary Art Collection enriches the residential experience. Residents also receive complimentary membership to the exclusive Cove Club, West Palm Beach’s premier waterside retreat offering dining, wellness and social programming.

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Signature Ritz-Carlton concierge services complete the offering. From valet parking and 24-hour in-residence deliveries to personal arrangements for dining, travel, beauty and pet care, every detail is handled with warmth, discretion and precision.

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“West Palm Beach is not a market people are waiting on anymore,” said Isaac Toledano, Founder of BH Group. “There is too much happening here to ignore it. People from across the country are moving here because they see where this city is headed. That’s been clear in the performance of The Ritz-Carlton Residences, West Palm Beach from the beginning. When a prime waterfront opportunity comes with this level of brand, service and lifestyle behind it, people act. That’s exactly what this penthouse sale reflects.”

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Construction of the site is now underway with completion expected in 2028. For more information about The Ritz-Carlton Residences, West Palm Beach, or to schedule a tour at the newly opened sales gallery at The Royal Poinciana Plaza, please visit theresidenceswestpalmbeach.com or contact the sales team at 561-402-8947.

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