Rivage Residences, currently rising on the final available beachfront parcel in Bal Harbour, is poised to become the village’s most elite residential offering. Located at 10245 Collins Avenue, the slender glass tower will reach 24 stories, offering sweeping views of the Atlantic Ocean, Biscayne Bay, and the Miami skyline.

A Boutique Collection

With just 56 to 61 ultra-luxury “sky villas”—depending on final configurations—Rivage is designed to remain exclusive, with only two to three residences per floor, each featuring private elevators and expansive wraparound balconies. Floor plans range from approximately 3,300 square feet to 13,000 square feet for penthouses.

Price Point: Ultra-Luxury

Initial launch prices began at $7–8 million for three-bedroom units, with larger residences priced in the $15–16 million range. Penthouse listings top out near $65 million, with an average of around $3,700 per square foot, setting new benchmarks in Bal Harbour’s luxury real estate market.

Developer and Design

The project is a collaboration between The Related Group, Two Roads Development, and Rockpoint, with striking architecture by Skidmore, Owings & Merrill (SOM) and interiors by Rottet Studio, known for their refined and contemporary luxury designs.

Financing & Timeline

A $424 million construction loan was secured in late 2024, signaling strong investor confidence in the project. Groundbreaking took place in September 2024, with construction progressing toward an anticipated completion in 2026–2027.

Amenities & Lifestyle

Rivage will offer over 25,000 square feet of luxury amenities, including sunrise and sunset pools, a full spa with hot and cold plunge pools and a hammam, pickleball courts, a state-of-the-art fitness center, a signature restaurant, cocktail lounges, a private beach club, children’s playroom, VR game simulator, library, media room, and more. These amenities are designed to deliver a lifestyle that matches or exceeds five-star resort standards.

Impact on Bal Harbour

Rivage is expected to reshape the local skyline and significantly impact the Bal Harbour community:

• Property Values: With a scarcity of beachfront development opportunities, Rivage’s pricing will set a new standard. Comparable assets, such as Oceana and the Ritz-Carlton Residences, range between $3,000–$4,000 per square foot, meaning Rivage’s $3,700+ average could elevate overall property values across Bal Harbour.
• Community Prestige: As one of South Florida’s most prestigious enclaves, Bal Harbour’s reputation will be further solidified as a haven for ultra-high-net-worth individuals seeking privacy, exclusivity, and oceanfront luxury.
• Economic Ripple Effect: The arrival of affluent residents will likely drive increased demand at the iconic Bal Harbour Shops and spur growth in upscale dining, hospitality, and local services, generating additional revenue for the village through property and resort taxes.

Market Perspective

Douglas Elliman’s Pablo Alfaro, leading Rivage’s sales efforts, emphasized the unique opportunity Rivage offers: “There really is no competition in Bal Harbour at this scale.” His perspective underscores the strong market appetite for ultra-luxury oceanfront condos with unrivaled amenities.