Former Fortune 500 CEO Calls His $20 Million Bal Harbour Condo an Estate in the Sky

Most people buy one condo. This CEO bought two knocked the wall down and built something that doesn’t exist anywhere else in the building.

The former chief executive of a Fortune 500 company has listed his custom-combined residence at the St. Regis Bal Harbour for $20 million.

It’s hitting the market for the first time ever. And the numbers behind it are hard to ignore.

What You’re Actually Getting for $20 Million

This isn’t a large condo. It’s a full-floor experience built by someone who decided the existing inventory wasn’t enough.

He combined two 17th-floor units, creating a 9,511 sq ft sky residence with four terraces, ocean-to-bay views, and a layout where sunrise and sunset both show up on your schedule.

Inside: 7,308 sq ft of living space, six bedrooms, a den, seven-and-a-half bathrooms, dual primary suites, and two full kitchens.

A gallery corridor runs through the home custom-built to display an art collection. The two units were merged so well, you’d never guess it used to be two separate spaces.

You can read the full listing breakdown on Realtor.com for the complete details.

Why St. Regis Bal Harbour Is Still the Address

Bal Harbour has roughly 1,500 total condo units in the entire village.

That’s it. The St. Regis with three towers on Collins Avenue consistently sits at the top of Miami-Dade’s price-per-square-foot rankings, outside Fisher Island.

Owners get butler service, a 12,000 sq ft Remède Spa, oceanfront dining, and a private beach all within steps.

Across the street: Bal Harbour Shops, home to Chanel, Gucci, and Neiman Marcus, generating over $3,400 per sq ft annually among the highest retail productivity in the world.

As one South Florida real estate expert put it: “What we’re seeing is more than a lifestyle shift it’s a strategic move for many high-profile buyers.

There is a growing interest in residences that offer both privacy and a high level of service.”

Moves like this one often surface quietly before they hit the broader news cycle.

If you want to catch these stories early, there’s a real estate channel on WhatsApp that covers South Florida market shifts, big listings, and wealth migration trends worth following.

Why a Fortune 500 CEO Builds a Sky Mansion Instead of Just Buying Bigger

This decision combining two units instead of simply finding a larger space elsewhere tells you everything about what ultra-high-net-worth buyers actually want.

It’s not just square footage. It’s this address, this view, this building. The CEO didn’t leave. He doubled down.

And he’s not alone in that instinct. Florida’s billionaire count has surged by 1,883% from 2001 to 2025.

The state now accounts for over 13% of America’s ultra-wealthy up from just 3.4%. CEOs like Ken Griffin and Jeff Bezos didn’t just move their families their companies followed.

Speaking of billionaires going all-in on South Florida Elon Musk is reportedly eyeing a $300 million Miami Beach megamansion, while Jeff Bezos just listed his $500M superyacht because it’s too easy to spot.

When the ultra-wealthy start offloading boats and doubling down on real estate, it says something about where they think value actually lives.

Why This Matters

A $20M listing at St. Regis isn’t just a real estate story it’s a market signal.

South Florida recorded its highest-ever number of $20M+ condo transactions in 2025.

Ultra-luxury deals above $10M totaled 262 in just the first nine months of 2025, putting the region on pace for near-record annual figures. Miami led the nation in ultra-luxury sales that year, and 2026 is accelerating faster.

Over 70% of million-dollar-plus condos in South Florida sold all-cash in 2025. This isn’t speculation, it’s structured wealth migration. The data comes straight from the Miami Realtors 2025 Southeast Florida Luxury Market Report.

When a former Fortune 500 CEO lists a one-of-a-kind combined unit for the first time ever, it sets a pricing benchmark not just for this building, but for Bal Harbour as a whole.

Key Takeaways

This is the only unit of its kind in St. Regis Bal Harbour a first-ever listing at 9,511 sq ft across a combined 17th floor. Owned by a former Fortune 500 CEO, that provenance matters at this level.

At roughly $2,103 per sq ft, it’s actually priced below the building’s average PSF for smaller units a detail most people overlook.

The $20M ask arrives as South Florida hits all-time highs in $20M+ transactions. CEO migration to Florida is structural, not seasonal. This listing is one visible data point in a much larger shift.

It’s not just CEOs either. Selena Gomez just listed her $6.5M LA mansion one year after marrying Benny Blanco another reminder that high-profile real estate decisions rarely happen in a vacuum.

What’s your read on this? Do you think $20M is fair for a one-of-a-kind unit like this or is it priced on the CEO premium?

Would you rather own something this rare, or spread that money across multiple properties? Drop your take in the comments below.

Final Thought

Properties like this don’t come back to market often. A custom-built, one-of-a-kind unit with Fortune 500 ownership history, in one of the most supply-constrained luxury zip codes in America that’s a combination that doesn’t repeat.

Whether you’re tracking the luxury market or just fascinated by how the ultra-wealthy think about real estate, this listing says a lot about where the money is going in 2026.

For more stories like this big-money listings, market shifts, and the people behind them head over to Build Like New.

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Disclaimer: This article is for informational purposes only. Property details are based on publicly available listing information and third-party market reports.