CRAIG BUJNOWSKI | 617-784-7504 | @craigbuj

Fort Lauderdale Penthouse for Boaters - RIVA PH1606 

WHY PAY THE BEACH PREMIUM WHEN YOUR BOAT CAN LIVE DOWNSTAIRS? 

Riva PH1606 may be one of Fort Lauderdale’s most overlooked penthouse trades.

At $4.995M / 4,267 SF / ~$1,171/SF, you’re buying massive penthouse scale without paying the huge premium attached to newer oceanfront product.

  • 4,267 SF under air - true estate-sized penthouse.
  • ~$1,171/SF asking price - compelling basis for this size and caliber.
  • Boat-slip access — step downstairs and get on the water.
  • Ocean + Intracoastal + river + skyline views — not just one direction.
  • Sunrise AND sunset - something many direct-ocean units can’t deliver.
  • Huge terraces — closer to a waterfront home in the sky.
  • 2018 construction - significantly newer than much of Fort Lauderdale’s legacy condo inventory.
  • Only ~100 residences - boutique rather than mega-tower living.
  • No branded-residence premium - you’re buying real estate, not a logo.
  • Potential negotiation opportunity - the ask is $4.995M, but the investment gets much more compelling below $4.5M.

THE $/SF TRADE

$4.995M → $1,171/SF

$4.50M → $1,055/SF

$4.25M → $996/SF

Get this penthouse close to $1,000/SF and the story becomes extremely interesting.

WHAT ARE YOU REALLY GIVING UP?

Oceanfront: Walk downstairs → beach.

Riva: Walk downstairs → your boat.

And upstairs you can still have ocean views.

For the buyer who actually uses South Florida - boating, entertaining, outdoor living and waterfront lifestyle - I’d rather own 4,267 SF + huge terraces + boating access at the right basis than dramatically overpay just to put sand underneath the building.

THE INVESTMENT THESIS

BUY THE VIEW.
BUY THE SPACE.
BUY THE BOAT SLIP.
SKIP THE OCEANFRONT PREMIUM.

Riva PH1606 could be the smarter Fort Lauderdale penthouse trade.

CRAIG BUJNOWSKI | 617-784-7504 | @craigbuj