Penthouses for Sale in Miami Beach, Florida

Miami Beach is where Florida's condo price records are made, and nearly every one of them was a penthouse. The oceanfront crowns here — atop Continuum, the Setai, Faena House, W South Beach and the South of Fifth towers — combine something no mainland building can offer: direct Atlantic frontage, walkable beach culture, and a finite strip of sand where no comparable site remains. Faena House's penthouse reset the market's ceiling when it closed, and the buildings around it have traded against that benchmark since.

The listings on this page are the building-designated PH lines currently offered on the MLS across the Beach — South of Fifth's residential tip, the Collins Avenue oceanfront rows, the Venetian and Sunset Island-adjacent bayfront buildings, and Mid-Beach's Faena District. Genuine crowns here are scarce even by penthouse standards: the trophy buildings hold only two to six apiece, and years pass between trades in the most important ones.

South of Fifth is the blue-chip zone — a quiet residential pocket below Fifth Street with the Beach's best restaurants and its most valuable towers. Continuum's two-tower penthouse collection, Apogee's four-units-per-floor scale, and Murano at Portofino's bay-and-ocean crowns anchor the segment, generally trading from about $10M to past $40M. Mid-Beach belongs to the Faena District and the hotel-branded residences — Faena House, the Setai's penthouse collection, the Ritz-Carlton and the Edition residences — where full hotel service meets top-floor scale.

The bay side is Miami Beach's quieter penthouse market: the Venetian Causeway towers, Sunset Harbour's boutique buildings and the Bay Road mid-rises carry PH lines with skyline-sunset views and marina access at meaningfully lower entry points than the oceanfront, typically from the low millions. For buyers who want the Beach lifestyle with a boat rather than a beach chair, this side of the island is the value.

Oceanfront ownership carries Beach-specific diligence. Insurance on the sand prices differently than one street back, and the building's structural-reserve position matters more here than anywhere in Florida — post-Surfside milestone inspections and reserve requirements have re-priced older oceanfront buildings, and the disciplined ones now carry that as a badge rather than a burden. We underwrite the association's reserves, assessment history and inspection status on every penthouse we show.

Miami Beach also regulates short-term rentals by zone and building, so if flexibility to lease matters, the building's rules decide it. The trophy towers are almost uniformly primary-residence buildings with leasing minimums; a handful of hotel-branded properties allow programmatic rental. Tell us how you intend to use the residence and we'll shortlist accordingly.