The bar of luxury living elevates higher in real estate market as a penthouse in Ritz-Carlton Residences, Sunny Isles Beach is sold even before even it has shaped up. The yet-to-be-constructed condo in Miami, Florida spans over 7,735-square-foot and boasts of a combination of two units comprising the 51st floor. The construction of the 52-story beachfront tower, which is being developed by Edgardo Defortuna of Fortune International Group with Château Group, is set to begin in 2016 and will be completed in 2018. The penthouse is conceptualized to be home to five bedrooms, 6 and half bathrooms, a terrace with a garden and a pool as well as five parking spaces. Rendering panoramic views of the ocean and the Miami skyline, the upcoming unit will be done up by designer Michele Bönan. The larger unit is roofed with 14 feet high ceiling as well as boasts of expansive floor-to-ceiling windows. Though the identity of the buyer is under wraps, it is known he is a successful entrepreneur who plans to use the unit as a home. While the two 51st floor units were originally up for about $24.5 million, the buyer was contemplating between the 51st and 52nd floor penthouses. Eventually he has settled for both 51st floor units combined as one. That has left the 52nd floor unit still on the market for $30 million.

The Ritz-Carlton Residences, Sunny Isles Beach is a sumptuous urban oasis composed of 212 condominium homes–including five penthouses with private pools and soaring ceilings–that will blend the incomparable service of The Ritz-Carlton brand with stunning contemporary architecture, distinguished style and gracious living.