The Raleigh Residences, Miami Beach, by Rosewood

A condominium unit in the new tower, bought from the developer before it is built. The deed carries the unit and an undivided share of the common elements, with that share set in the declaration of condominium. The seller is Nahla Raleigh LLC. Florida's Condominium Act governs the sale, so the developer must hand you the prospectus, the declaration, the by-laws and an estimated operating budget, and you may cancel in writing within 15 days of receiving them. Deposits up to 10 per cent of the price are held in escrow. Above that level the developer may spend the money on construction, and the contract has to say so.

Owner use from completion, with no fixed weeks and no allocation system, because each residence is owned outright. Letting terms are not published. Any rental programme, and the operator's share of it, will sit in the condominium documents and the hotel management agreement, so both are confirmed for the specific residence before you commit and any programme stay runs subject to availability. Miami Beach counts a let of less than 6 months and 1 day as a short term rental. It is allowed only in the districts shown on the city's map, and only with a business tax receipt and a resort tax account.

Assessments follow each unit's share of the common expenses, set in the declaration and collected by the condominium association. No budget is published while the building is unbuilt. The developer's estimated operating budget reaches you with the offering documents before contract, so the figure is confirmed for the specific residence before you commit. Miami-Dade County bills real estate tax on the unit each year. Where the residence is not your Florida homestead, the assessed value may rise by no more than 10 per cent a year, and that cap resets to market value the year after a change of ownership.

Rosewood will run the hotel in the restored buildings and the services to the residences, and residents get their own lobbies, lifts and spa entrance. The list below is the scheme in the approved plans, announced by the previous owner in January 2025. Nahla is redesigning parts of the estate and is still seeking approvals, so each item is confirmed for the specific residence before you commit.

Three acres on Collins Avenue with 215 linear feet of beach, made up of three Art Deco hotels and one new building. The Raleigh opened in 1940 to a design by L. Murray Dixon and is known for its fleur de lis pool. The Richmond and South Seas stand beside it. All three sit in the Miami Beach Architectural District, on the National Register of Historic Places since 14 May 1979, and all three have been gutted back to their facades. Behind them, on the beach side, goes a 17 storey tower. Kobi Karp Architecture and Interior Design is the architect, working from a scheme drawn with Peter Marino Architect. Three levels of underground parking were approved in 2022.

Nahla Capital bought the three properties in October 2025 for USD 270 million, taking over from Michael Shvo and his partners, who gutted the buildings but never built the tower. The hotel has been shut since 2017. Nahla puts the cost of the work at about USD 1 billion and plans 52 residences, up from 44, with fewer than 80 hotel rooms. On 7 July 2026 the Miami Beach planning board voted 5 to 1 to recommend the code change that allows 2 more floors and over 66,000 sq ft of extra floor area. The city commission and the historic preservation board have still to approve it.

The estate runs along the ocean side of Collins Avenue, with the Marseilles at 1741 to the south and the Shelborne at 1801 to the north. The Delano has reopened nearby and the Shore Club Private Collection is under construction at 1901 Collins. Lincoln Road, the Jackie Gleason Theatre and the Miami Beach Convention Center stand inland, around 17th Street and Washington Avenue. Miami International Airport is about 10 miles west of Miami Beach. Fort Lauderdale is 25 to 30 minutes north by road.

A buyer who is not American can hold a Florida condominium in their own name, and no licence is needed. Two points of law matter. Since 1 July 2023 Florida has restricted purchases by people domiciled in China who are not citizens or permanent residents: such a buyer may hold one residential property of up to 2 acres, if it is not within 5 miles of a military installation and they hold a current United States visa, and holdings must be registered with the state. On a later sale by a person who is not American, the buyer withholds 15 per cent of the amount realised under FIRPTA.

Avory deals with the developer's sales team, the Compass group that Nahla appointed in February 2026 under Philip Freedman. After you enquire we confirm what is actually released, the residence mix and floor plates, the deposit schedule, and the documents you are owed before contract, including the estimated operating budget. Sales had not relaunched in September 2026 and no price list exists. Avory is not Rosewood and holds no sales agency here. Request access.