Fortune 500 CEO lists his double-sized ‘Estate In the Sky’ for $20 million

St. Regis Bal Harbor is known for its ultra-exclusive, ultra-chic private residences, with water views for miles and ultra-luxury amenities. But one specific unit in this elite Florida property stands out.

The owner of the 17th floor gem, the former CEO of a Fortune 500 company, loved the lifestyle the exclusive high-rise had to offer so much that he bought it two units in the building and combined them, creating a dazzling 9,500-square-foot palace in the clouds that he recently put on the market for the lofty price of $20 million.

His completed property includes 7,008 square feet of ultra-luxury living space with six bedrooms and eight bathrooms, plus 2,203 square feet of patio space on four unique terraces with unobstructed views of the Atlantic Ocean, Biscayne Bay and the Miami skyline. Due to the size of the unit it offers views at both sunrise and sunset.

Prominent real estate agent Tomi Roosof Aston Rose Sports And Entertainment, describes the property as one where the view is a defining feature of the living experience, calling the unit an ‘estate in the sky’.

“What really sets this home apart is the consistency of the views. Every room is visually appealing,” she says. “The main living areas and primary suites offer unobstructed ocean views that feel both expansive and serene, delivering a sophisticated, estate-like experience in the sky.”

The house is a combination of a corner unit and an adjacent unit on the 17th floor, facing northeast and west. The two units have been carefully integrated to give the feeling of one seamless and cohesive home, anchored by a gallery-style corridor specifically designed to showcase an impressive art collection.

The layout is designed to include both large formal and cozy informal living areas, with multiple entertaining areas, dual kitchens, a private movie room, two laundry rooms and two spacious primary suites, in addition to two private elevator foyers.

Rose emphasized that the house is designed to function as well for everyday private life as it does for larger gatherings. She noted that it allows for both everyday living and large-scale entertainment, offering a level of privacy and security that is difficult to replicate in a traditional single-family estate.

The St. Regis brand adds another layer of luxury, combining resort-level service and amenities with private home living.

In addition to the private amenities the residence has to offer, the St Regis offers exclusive beach service, concierge staff, fine dining, a health club with state-of-the-art equipment, multiple swimming pools, a spa, valet parking, 24-hour security, and biking and jogging trails.

The St. Regis Bal Harbor is also distinguished by two luxury towers in the same resort setting, but each with its own identity. One tower houses one of America’s most prominent and exclusive luxury hotel brands, and the other houses the private and secure residences of the elite, with owners free to enjoy the hotel’s luxurious services.

Once the residents are there, they never have to leave. But when they do, they have extremely easy access to the Bal Harbor Shops, the beach, and even the broader Miami scene.

There has been a steady flow of high-profile buyers into the area recently. Miami has become a real magnet for high-profile buyers looking for warm weather, relative tax benefits, newer construction, and a lifestyle that feels more relaxed than New York or Los Angeles.

However, Rose emphasizes that the appeal is not just financial; it’s cultural and practical, with oceanfront living, private amenities and year-round access to the outdoors all playing a role.

That trend is evident in recent purchases by prominent figures from business, entertainment and sports. High-profile buyers who have recently purchased in the Miami area include Jeff Bezos, Mark Zukerberg, Ken Griffin, Tom Brady, Ivanka Trump And David And Victoria Beckham.

Many have made their posh South Florida estates their residences of record, as corporate, real estate and personal taxes compare favorably with those of many other American power cities.

In addition to tax benefits, compared to New York, Miami offers more space, more sunlight and a lifestyle that is often less constrained by density and seasonality. Compared to Los Angeles, it can feel more compact, more walkable in certain neighborhoods, and more centered around waterfront living rather than long commutes.

For many affluent buyers, this makes Miami feel like a better match for modern luxury: easier to maintain, easier to enjoy, and often easier to move between business and leisure.

However, Rose points out that there is also a psychological difference. She says that while New York remains the capital of finance and law, and Los Angeles still has enormous influence in entertainment and media, Miami has become a place where buyers can combine visibility with privacy, luxury with informality.

That combination is especially attractive for people who want a second base or a full-time residence that is more open and less pressured.

“What we’re seeing in South Florida is more than a lifestyle change; it’s a strategic move for many high-profile buyers. From business leaders to athletes and public figures, there is a growing interest in homes that offer both privacy and a high level of service,” said Rose.

“The appeal is a combination of lifestyle, financial benefits and long-term flexibility,” she continued. “For many, it starts out as a second home, but often evolves into a primary residence as they spend more time here.

“South Florida continues to attract buyers looking for both luxury and a strong foundation for the future.”