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BY Michael Light / On May 8, 2024

On the heels of their monumental $16.2 million sale of Penthouse 1, their $600 million construction loan, and project groundbreaking, MAST Capital and Cipriani Residences have lifted the cover on Penthouse 3, an opulent 6,000 square foot residence in the sky that is asking $32 million.

Cipriani Residences is the famed family’s first ground-up residential project, although the brand has been active in the luxury lifestyle arena for some time. Over the last 90 years, the four generations of the Cipriani Family have heralded restaurants, event spaces, luxury hotels and private membership clubs as well as luxury residential redevelopment. The concept of ground-up branded residences is a natural progression for the eponymous brand.

With Cipriani Residences Miami, the family has partnered with 1508 London, a renowned design firm that has put together 397 luxury residences within the 80-floor development.

Rendering of Cipriani Residences Canaletto Penthouse 3 View

Rendering of Cipriani Residences Canaletto Penthouse 3 View

The Cipriani Canaletto Collection

Among the top 18 floors of the tower, residents will find the Canaletto Collection, an assemblage of 74 sky homes with an elevated style palette that includes the penthouse levels.

Owners within the Canaletto Collection are offered exclusive privileges within the development as well as other institutions that fall under the Cipriani umbrella of brands. This includes priority access to a private Cipriani speakeasy and private dining spaces, separate lobby entrances and global concierge services.

During the summer of 2023, the market was enamored with the first release of this collection. The stunning Penthouse 1 was introduced with 4,888 interior square feet and an amazing 4,333 square foot terrace hit the market for $16.2 million only to sell shortly therafter.

Rendering of Cipriani Residences Canaletto Dining View

Rendering of Cipriani Residences Canaletto Dining View

Cipriani Penthouse 3

Catering to the new influx of C-suite executives that have descended upon the magic city from places like Boston, Chicago and New York, Penthouse 3 is a bespoke layout with over 6,000 square feet of interior living space with an expansive terrace overlooking the city and the Biscayne Bay.

This penthouse was designed to cater to discerning clientele that value the utmost privacy yet needs to be in the center of the lively and bustling city. The project’s location just 1 block from the largest international banking hub in North America serves as a perfect spot for such a professional.

Buyers of Cipriani Residences are able to choose between two trademarks of interior design for their residences. The “Tradizionale” package offers signature Cipriani style with deep wood paneling and classic interiors. The more updated “Contemporaneo” package still incorporates the design elements of the brand albeit with a more contemporary flare.

Rendering of Cipriani Residences Canaletto Penthouse 3 Dining

Rendering of Cipriani Residences Canaletto Penthouse 3 Dining

Rendering of Cipriani Residences Canaletto Alfresco Dining

Rendering of Cipriani Residences Canaletto Alfresco Dining

Cipriani Residences Miami offers one- to four-bedroom residences from $1.7 million. The Canaletto Collection is offered from $3.95 million and penthouses priced from $9.5 million.

Since its launch in March of 2022, over half of the 397 residences have been sold. Construction is expected to finish in 2028.

If you are interested in a private presentation of the project and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

Images courtesy of MAST Capital and Cipriani Residences
Rendering of Cipriani Residences Brickell Miami Exterior Lobby

Rendering of Cipriani Residences Brickell Miami Exterior Lobby

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