Understanding The 2700 North Ocean Condo Market On Singer Island
If you are watching the 2700 North Ocean condo market, you have probably noticed one thing right away: this building does not trade like the rest of Singer Island. Buyers and sellers here are dealing with a more selective luxury segment where views, floor height, finishes, and pricing discipline matter. In this guide, you will get a clear look at how 2700 North Ocean is performing, what is shaping value, and what to watch if you plan to buy or sell in the building. Let’s dive in.
2700 North Ocean, also marketed as The Ritz-Carlton Residences, Singer Island, is a 26-floor oceanfront condominium built in 2008 with 242 residences. It is a licensed Ritz-Carlton branded residence, with the official site noting that it is not owned, developed, or sold by Ritz-Carlton Hotel Company.
The property is known for a stand-alone residential experience and a strong amenity package. Features highlighted by the building include valet parking, 24-hour concierge, a social room, fitness center, screening room, boardroom and business center, library, generators, lagoon and resort pools, whirlpool spas, poolside grille, gated beach access, and optional private garages, cabanas, guest suites, and storage.
One of the biggest takeaways is that 2700 North Ocean commands a clear premium over the broader Singer Island condo market. Over the last 12 months, the building has averaged about $1,076 per square foot, compared with about $595 per square foot for Singer Island overall.
That works out to roughly an 81% premium in price per square foot. The average time to close is also faster, at 66 days versus 115 days across the broader Singer Island condo market.
For you as a buyer or seller, that matters because it shows this is not a commodity building. Buyers are willing to pay more here, but they are also making sharper comparisons within the building itself.
The latest snapshot shows 16 sales in the last 12 months, 8 sales in the last 6 months, and 4 sales in the last 3 months. There are also 8 active listings and about 3% inventory for sale, which points to a luxury market that is active but still selective.
That mix does not suggest a stagnant building. Instead, it suggests a market where the right property can move, but not every listing gets immediate traction.
Closed sales over the past year show a wide range, especially once you factor in floor level, line, view, and upgrades. Standard two- to three-bedroom residences have recently closed from the mid-$1 millions up to the high-$4 millions, while the top tier has reached much higher.
Here is a quick snapshot of recent sales:
| Unit | Sale Price | Price Per Sq. Ft. |
|---|---|---|
| 2106B | $1,650,000 | $957 |
| 1604A | $3,675,000 | $1,019 |
| 2502B | $3,050,000 | $1,147 |
| 2203A | $4,800,000 | $1,215 |
| TS7A | $11,280,000 | $1,515 |
The spread is significant. That is why broad averages only tell part of the story at 2700 North Ocean.
Current visible inventory also reflects a wide range of asking prices. Unit 406B is listed at $1,750,000, Unit 2503A is listed at $4,900,000, and PH-1B is listed at $5,500,000.
This tells you that the market is segmenting by product type and presentation. A lower-floor residence with attractive updates may appeal to one buyer, while a larger upper-floor home with premium view corridors and garage spaces competes in a very different tier.
In this building, value is tied less to bedroom count alone and more to a combination of factors. Buyers appear to respond most strongly to floor height, direct ocean or flow-through views, renovation quality, and valuable extras like garage stalls or storage.
That helps explain why pricing can vary so much between two homes in the same tower. Even when square footage is similar, the market often rewards the better-positioned residence.
The building includes several product categories, including Signature Collection, Tower Suite, Penthouse, and Resort Residence homes. Published floor plans show a range of sizes, including A1 and A4 at 3,605 square feet, B1 at 3,032 square feet, B2 at 2,660 square feet, B3 at 2,335 square feet, B4 at 1,920 square feet, and B5 at 2,115 square feet.
The Signature Collection materials also highlight private elevator foyers, hurricane-resistant sliders, and higher-end kitchen and finish packages. Those details can make a real difference in resale positioning.
Recent listing and sales descriptions make clear that view corridors are a major pricing driver. Unit 2203A was marketed as a 22nd-floor flow-through residence with Atlantic, Palm Beach, and Intracoastal views, while Unit 2502B was described as a rare direct-oceanfront 02-line home.
On the other hand, residences with lower floors or less dramatic view lines can still perform, but usually at lower pricing levels. Unit 406B emphasized an intracoastal view and updated, partially furnished condition, showing that strong presentation still matters even when the location within the building is less rarefied.
Finish quality is another major factor. Turn-key condition, designer-level upgrades, private elevator entry, and extras like storage or garage allocations are repeatedly emphasized in listing remarks.
That means buyers are often comparing more than just square footage. They are evaluating ease, presentation, and whether a home feels ready to enjoy from day one.
The answer depends heavily on pricing and positioning. Based on recent sale histories, some homes have moved in roughly a month, while others have spent four months or more on the market before closing.
Unit 2502B, for example, went from listing to sale in about five weeks. By contrast, Units 2106B, 1604A, and 2203A each spent about four months or longer on the market before they closed.
This is an important signal for both sides of the market. Buyers may find opportunities when a listing has sat and needs a pricing reset, while sellers should understand that premium inventory still needs careful preparation and precise pricing.
If you are considering a purchase at 2700 North Ocean, it helps to look beyond headline asking price. A less expensive residence may offer value if the view, layout, and condition fit your goals, while a higher-priced property may justify its premium through superior exposure, elevation, upgrades, or added garage and storage benefits.
A smart building-level review should include:
In a building like this, details matter. Looking only at average price per square foot can cause you to miss what makes one residence a stronger value than another.
If you are preparing to sell at 2700 North Ocean, the key is to price your exact residence, not just the building. Recent sales show a broad range from about $1.65 million to $4.8 million for standard two- to three-bedroom closings, with penthouse and tower suite inventory reaching much higher levels.
That spread tells you that buyers are assigning value to the specific stack, view corridor, floor, updates, and extras. A seller who leans too heavily on the highest sale in the building without matching those features may sit longer than expected.
This building rewards accurate pricing. The market data suggests that buyers will pay for the right combination of view, floor, and finish, but they are not simply absorbing every asking price.
That is why comp selection matters so much. An intracoastal-facing lower-floor home should not be priced like a high-floor direct-ocean residence, even if both have similar bedroom counts.
The best timing strategy is to come to market only when the residence is fully ready. In this segment, presentation can influence how quickly buyers engage and whether they see the home as worth a premium.
If your residence has designer upgrades, private elevator entry, garage space, or storage, those features should be clearly highlighted. In a selective luxury market, the details often shape both showing activity and final sale price.
2700 North Ocean is a strong example of why building-level analysis matters on Singer Island. The broader market provides useful context, but this building has its own price structure, buyer expectations, and pace.
For buyers, that means understanding whether a specific listing is priced in line with its true peers. For sellers, it means building a strategy around the exact strengths of your residence instead of relying on broad market averages.
When you are dealing with a luxury oceanfront property where pricing can vary by millions of dollars, local building knowledge becomes a real advantage. If you are thinking about buying or selling at 2700 North Ocean, Kathy Lewellen can help you evaluate the market, position your property, and move forward with a clear strategy.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact her today.