Iconic Luxury Brand Cipriani Unveils Two Miami Penthouses at $53 Million

Legendary luxury name Cipriani has revealed two opulent penthouses atop its Miami residential tower, the brand’s only condo in the U.S.

Dubbed 1931 Collection, the two triplexes at Cipriani Residences Miami are listed at $33 million for the larger, named San Marco, and $19.8 million for the smaller, called The Torcello.

The 950-foot-tall tower is the hospitality brand’s first residential development in North America, ushered in by Miami-based Mast Capital, to be delivered in summer 2027. This is nearly a century after Giuseppe Cipriani, Sr. opened the iconic Harry’s Bar in Venice in 1931.

Once a small warehouse on a dead-end street near Plaza San Marco, the iconic bar’s signature warmth, style, and impeccable service lured famous patrons such as Orson Welles, Gary Cooper, Katherine Hepburn, Charlie Chaplin, Aristotle Onassis, and its patron saint, Ernest Hemingway.

Additionally, Giuseppe was a master behind the bar: He invented the Bellini, a mashup of white peach puree and Prosecco, and the signature dish, carpaccio, made from thin slices of raw beef sirloin. In 2001, the Italian Ministry of Cultural Heritage declared the watering hole a National Landmark.

Generations of the family have carried on the tradition of hospitality, with restaurants, lounges, private clubs, hotels, and residences spanning the globe, from New York to Hong Kong to Istanbul.

In the U.S., all residential complexes are concentrated in South Florida: The Mr. C brand in Miami, West Palm Beach, and Boca Raton; and the Cipriani brand in Miami’s financial district, Brickell.

“The 1931 Collection is really about bringing the Cipriani way of living to the home,” Michael Patrizio, managing director at Mast Capital, tells Realtor.com®. “It’s about the authentic heritage—the hospitality, the wellness, the entertaining.”

The condo complex, with bespoke interiors by 1508 London, is infused with Cipriani’s heavily Venetian-influenced style—Calacatta marble in the kitchens and glossy Canaletto walnut wood finishes that are familiar to anyone who frequents the Cipriani universe.

The family “are very particular about the color of the wood that ties back to their Venetian heritage,” says Patrizio. “There are a lot of historical tie-backs throughout the project.”

For instance, anyone who has sat on a stool at Harry’s Bar has likely seen the chic analog clock over the bar. A similar clock has been integrated into the kitchen cabinets throughout the residences.

Additionally, there is a speakeasy on 37th floor, styled in the same spirit as Harry’s Bar and Manhattan’s Casa Cipriani, a combined boutique hotel and private club.

“It’s those little details of the brand that are passed through to the end user,” says the developer. “It’s really tying in all the core ethos of Cipriani, whether it’s the finishes of the kitchens or the way the spaces are laid out. It all ties together from a design standpoint.”

However, he stresses, while the “ethos” of the residences is distinctly Cipriani, “you don’t want to feel like you’re living in a restaurant.”

Generational hospitality

The Cipriani clan, headed up by Arrigo, Giuseppe, Jr., and his sons Ignazio and Maggio, are intimately involved with every aspect of the residences, says the developer.

In fact, while the family was visiting the Miami sales gallery, Patrizio says the eagle-eyed and oldest living member, Arrigo, eyeballed a chandelier, then determined it was a tad too low, suggesting it should be raised by 6 centimeters.

The amenities in the 397-unit building are what one might expect at this price point—which starts at approximately $3 million.

There is in-home dining and 24-hour catering services provided by Cipriani, a resort deck with two swimming pools, spa with sauna and treatment rooms, fitness center, pickleball court, golf simulator, screening room, and children’s playroom.

But what sets the residences apart, says Patrizio, is the level of white-glove service, expressed by the brand’s tagline, “To serve is first to love,” attributed to Arrigo.

“I personally put any staff who comes into contact with our customers through a very rigorous interview process,” he says. “Everything is about how to get to ‘yes.’ When you’re dealing with customers, you don’t want to be in the business of ‘no.'”

That includes when staff might actually have to say “no” to a well-heeled resident.

“It’s about making sure people are being told ‘no,’ but are happy about being told ‘no,'” he says with a laugh.

The penthouses

Adorning the top of the 85-story building, on the 82nd and 83rd floors, the penthouses make a dramatic visual from the street, especially the larger penthouse, the San Marco.

“You look up and you can see it,” says Patrizio, “It’s one of those things where you think, ‘Gee, I wonder who owns that.'”

Spanning 6,144-square-feet in the interior with a wraparound 3,533-square-foot terrace, the 6-bedroom, six-bath triple level penthouse boasts a private infinity-edge swimming pool overlooking Biscayne Bay, an outdoor kitchen and private putting green, an in-residence gym, and a wellness room with a cold plunge and hammam with a rain shower.

The smaller penthouse, the Torcello, has 4,763 square feet of living space and a 1,940-square-foot terrace, with similar indoor and outdoor components, including the private infinity-edge pool.

However, this residence’s considerably lower price tag means that it’s a “great value,” says the developer.

Both penthouses incorporate the lush features of the rest of the complex, so that they become “every day life rather than an amenity package.”

While the penthouses are new to the market—the rest of the building is 85% sold—the developer says there has already been interest in both units.

Thirty countries are thus far represented in the building’s buyer pool, and a lower penthouse previously sold to a man from Brazil, for approximately $16 million.

But Patrizio speculates that the 1931 Collection purchasers will likely be domestic buyers, with a good chance of them hailing from the affluent sections of the Northeast or California.

Brickell’s increasing reputation as the Wall Street of the South—billionaire Ken Griffin‘s Citadel hedge fund is only a couple of blocks away from the complex—means C-suite execs and entrepreneurs are the neighborhood’s luxury market’s prime buyers these days.

And while the Cipriani brand has its “fans” who are lining up to buy inside a building infused with its legendary spirit—Patrizio says that buyers are mostly those who “value exclusivity, privacy, and owning a generational property.”

If that person happens to enjoy a Bellini and a plate of carpaccio, all the better.