Just Listed: The Ritz-Carlton Residences’ $12 Million Penthouse

Imagine waking up to this sight every morning. You won’t have to imagine if you buy the full-floor penthouse at the Residences at the Ritz, 1414 S. Penn Square, Philadephia, Pa. 19103 | Renderings: Only If Architecture / Spencer + Nipon via Black Label Keller Williams Luxury Real Estate

The off-price clothier Daffy’s, which specialized in Italian couture at shockingly low prices, advertised itself as offering “clothing bargains for millionaires.”

What you see in these photos may just well be the first housing bargain for millionaires ever offered in Philadelphia.

Consider: You get a full-floor unit atop the Residences at the Ritz-Carlton, the most centrally located luxury high-rise condo tower in the city. Imagine having the Avenue of the Arts, Market Street, Rittenhouse Row, Rittenhouse Square, the Historic Square Mile and Old City all within walking distance. (Or if you need to get somewhere in a hurry, access to a chauffeured limousine.)

And if that weren’t enough, imagine waking up every morning and gazing upon William Penn presiding over the city from his perch atop City Hall across the street.

Then there’s everything that architect Alan Frampton, principal of New York architecture firm Only If, and the interior design team of Spencer + Nipon have packed into this condo’s 10,000 square feet of interior space.

The renderings you see here represent one of the three model layouts being offered for this unit. It consists of a wraparound main living area along the unit’s north and west sides, surrounding a deluxe open kitchen.

Foyer

The elevators open directly onto the foyer, which has a curved wall suitable for embracing a sculpture.

Living room

Wine room off living room

It in turn opens onto the living room, with a seating area to the right and another seating area with a fireplace and wine room on the left.

Dining room

Kitchen

Beyond this space is the dining room, onto which the kitchen opens.

Den

Rounding the corner, you enter the family room before passing through to the den. These rooms share an open fireplace.

Primary bathroom

This layout places the primary bedroom at the unit’s northeast corner, looking out upon City Hall. In addition to full-height windows — a feature found in every other room along the outer edges of this unit — it has its own private balcony, two large walk-in closets and an equally large spa-like bathroom with a tub carved out of a single block of granite. (So, by the way, are the kitchen island and fireplace in the den.)

This Ritz-Carlton penthouse condo for sale contains a second primary bedroom and three other bedrooms. One of the bedrooms in this layout has access to a second outdoor terrace located off the study. And it has a virtual meeting and screening room, climate-controlled art storage, and an optional home gym and sauna. In short, all the facilities the Residences at the Ritz has to offer can be recapitulated within your own spectacular penthouse. Yet you can also use the building’s common facilities, including its outdoor garden on the ground floor and Ritz-Carlton room service, whenever you want a change of pace.

The fixtures, appliances, furnishings and finishes are of the highest quality, of course. The unit is also outfitted with a whole-house management system that controls lighting, climate and security through a single interface. And it’s fully equipped for high-tech enjoyment with Cat5 Ethernet wiring.

And if this layout doesn’t grab you, or you want different furniture, you can consult with the architect and designer and outfit the space to your liking. For instance, you could add a third outdoor terrace on the unit’s west side. You can also choose one of the two alternate floorplans if you prefer.

And all of this comes bundled into the purchase price of just $12 million. For purposes of comparison, the unfinished penthouse at 500 Walnut sold for $17.5 million, then the buyer offered the finished vanilla shell for $32 million, BYOD (bring your own designer). And the penthouse at the still-under-construction Laurel is asking $25 million.

See? I told you this Ritz-Carlton penthouse condo for sale is a bargain.

THE FINE PRINT

BEDS: 5, with an option for a sixth

BATHS: 7 full, 1 half

SQUARE FEET: 10,000

SALE PRICE: $12,000,000

OTHER STUFF: An $11,500 monthly condo fee covers building and common area insurance and maintenance along with access to the common facilities and other building services.

1414 S. Penn Square, Penthouse Unit, Philadelphia, Pa. 19102 [Andrea Desy Edrei | Black Label Keller Williams Luxury Inernational]