MIAMI, FL - Just weeks after unveiling The Canaletto Collection and the first of six penthouses, Cipriani Residences Miami, the brand’s first-ever ground-up residential tower in the nation, announces the sale of Penthouse 1, an impressive four-bedroom home with 9,221 square feet of combined indoor and outdoor space. Listed at $16.2 million, translating to a record-breaking $3,333 per square foot, the penthouse emulates the prestige of the Cipriani brand and its capacity to deliver a world-class product.
The Penthouse 1 deal affirms the tower’s reputation as a market-leading project for Miami’s Brickell neighborhood. Additionally, the quick timing of the sale proves the appetite among luxury buyers for exclusive experiences and conveniences, as well as a fully considered and curated lifestyle, which are all key elements developer Mast Capital carefully evaluated for the residences in the Canaletto Collection.
“Selling Penthouse 1 in a matter of weeks after the unveiling of the premier Canaletto Collection is a true testament to Cipriani Residences Miami’s caliber in the market,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “The meticulous attention to detail and design of this penthouse creates a new precedent for luxury in Brickell that is further bolstered by the unique services and exclusive privileges that owners within the collection will enjoy.”
Featuring four bedrooms and five and a half bathrooms, Penthouse 1 will boast 4,888 square feet of interior space as well as an expansive 4,333 square feet of outdoor terrace space. Combined with priority access to the tower’s speakeasy, the residence will provide an unparalleled lifestyle with a private infinity-edge swimming pool and fully operational outdoor summer kitchen as well as a suite of state-of-the-art appliances. In addition to these unique features, the Penthouse 1 buyer was enticed by the upgraded interior architecture package curated by internationally renowned design firm 1508 London that adds a distinctive touch to the home. Offered exclusively for the penthouses, this for-sale package includes special, rarefied details such as wall coverings, paneling and custom millwork that differentiate the listings in the market.
Thoughtful customization options, like the interior architecture package offered exclusively to penthouse owners, are a hallmark of the Canaletto Collection, an exclusive, limited assemblage of homes on the top 18 floors of the tower representing the highest level of luxury in Brickell. While the interior architecture package is exclusive to penthouse owners, 1508 London also created custom furniture and accessory packages to serve the rest of the Canaletto Collection buyers who are interested in enhancing their purchase. The firm envisioned two distinct options: ‘Tradizionale,’ designed in the signature Cipriani style, and ‘Contemporaneo,’ a more contemporary approach to interiors. These packages make adorning a Cipriani-branded home a seamless experience for residents and include a mix of custom and brand-name details that are consistent with the aesthetic and style of the Cipriani brand.
With 68 two- to five-bedroom residences and six marquee penthouses, the Canaletto Collection at Cipriani Residences Miami is also celebrated for its streamlined, complimentary upgrades, such as home automation systems and book-matched marble, as well as the special privileges it will afford owners. Residents will enjoy priority access to the building’s premium amenity collection, including a private resident-only Cipriani restaurant. Catering and in-residence dining by Cipriani will be offered around-the-clock, while dining services will extend to the elevated resort deck, where residents and their guests can enjoy a Bellini on the sun terrace or lounge in cabanas beside the swimming pools.
All residents at the 397-residence building will have access to a robust wellness offering which includes a fully equipped state-of-the-art fitness center, spinning room, a holistic spa, ice plunge, and sauna. Residents seeking sporting and competition can visit the golf simulator, pickleball court and screening room for game day. Those who prefer a more serene lifestyle can venture to the library or salon for a treatment. Cipriani Residences Miami also offers the convenience of an elevated private dog park, children’s playroom and à la carte services like plant care, away-from-home maintenance, pet grooming and walking, luxury house limousine transport within a three-mile radius, in-residence spa treatments, personal training and more.
Cipriani Residences Miami, located at 1420 South Miami Avenue in the Brickell neighborhood, is expected to be completed in 2026. Pricing for the Canaletto Collection begins at $3.65 million, while penthouses start at $9.5 million.
Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales. Selling agents for Penthouse 1 include Carol Cassis from Fortune International Realty and Juliana Savoia from Coldwell Banker Realty. For more information about the building or to schedule an appointment, visit www.ciprianiresidencesmiami.com or contact 786-850-1420 and info@ciprianiresidencesmiami.com
About Mast Capital: Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. Mast Capital has made successful acquisitions in the residential, hospitality, office, retail and land sectors, and targets opportunistic and value-add investments in existing property, ground-up development, distressed real estate, and note purchases. The firm employs a sophisticated approach to structuring its acquisitions, maximizing value to its investors while providing creativity and flexibility to sellers and other third parties to execute highly complex transactions. Mast Capital is led by a senior management team with over 75 years of combined real estate experience and transactions totaling more than $3.5 billion.
About Cipriani: On May 13, 1931, Giuseppe Cipriani opened Harry’s Bar on the first floor of an abandoned rope warehouse off a dead end in Piazza San Marco, Venice. At 50 square meters, it appeared to be a typical “cozy” Venetian restaurant, but with the careful attention to detail and perfectly proportioned furniture, glasses and cutlery Harry’s Bar was anything but typical. Unchanged since 1931 and now a National Landmark, its famously relaxed atmosphere, great food and warm service have catered to a very eclectic clientele that has included through the years Hollywood legends, royalty, artists and people from all over the world. It has been constantly imitated but never reproduced.
In the 92 years since and with three generations of Cipriani family members leading the growth, Arrigo, Giuseppe and his sons Ignazio and Maggio, the family has developed into an international hospitality brand, with restaurants, landmarked event spaces, residential, luxury rooms and suites and private membership clubs around the world including Venice, Milan, New York, Miami, Mexico City, Dubai, Abu Dhabi, Hong Kong, Monte Carlo, Ibiza, Marbella, Riyadh, Las Vegas, Istanbul, Doha, and the upcoming Los Angeles Beverly Hills, Bahrain, Jeddah and Punta del Este.
The timeless values of love for service, lack of imposition, quality of products and luxury in simplicity are still valid today as they were in 1931.
About 1508 London: 1508 London is a design studio specializing in private residential, hospitality and multi-unit developments as well as yachts and product design. Born out of the idea of perfection in design, our name is derived from the year in which a then unknown artist named Michelangelo, armed with a pencil, pitched to, and got commissioned by Pope Julius II to paint the frescoes at the Sistine Chapel after drawing a perfect circle freehand. Deeply rooted on a collaborative approach, our designs are derived from measured principles, inspired by history, geography, and the local architectural vernacular. Our expertise extends across all stages of design and construction; from feasibility studies, planning applications, conceptual and detailed design through to monitoring construction on-site, procurement, dressing and hand-over, ensuring each project is finished to the highest level of quality. With offices spreading across four continents 1508 London offers a world leading design service with a global reach.