The Ritz-Carlton Residences, Tampa market snapshot (as of June 25, 2026): the median sale price is about $2.4M ($811 per sq ft), with homes averaging 34 days on market and 3.0 months of supply, a buyer-leaning market (limited data). Based on 8 recent closings in live Stellar MLS data.
The Ritz-Carlton Residences, Tampa, is a new five-star branded luxury condominium development on Bayshore Boulevard above Hillsborough Bay, in the 33629 ZIP of South Tampa. Developed by Related Group, it comprises two 27-story towers; the first tower, with roughly 89 bayfront residences plus a set of townhomes, broke ground in 2022 and was completed in 2024, and a second tower has followed.
The residences range from interior two-bedrooms in the roughly 1,900-square-foot range to corner three and four-bedrooms and large half-floor penthouses, designed by noted architecture and interior-design firms. This is a condominium without a hotel component, but with hotel-level amenities and the Ritz-Carlton service brand. Finishes and systems are current, but value still turns on the specific residence, the floor, and the view.
Because this is a luxury condominium, what you are buying is a residence plus a share of the building, its amenities, and its services. Confirm the condo fee and exactly what it covers, the budget and reserves, the master insurance, Florida condo milestone or reserve-study status, and the leasing rules for a specific residence in writing; at this level the services and the association's standing are a meaningful part of the value.
For buyers who want a brand-new, branded, bayfront luxury residence in one of Tampa's most prestigious locations, The Ritz-Carlton Residences are the benchmark. The work is choosing the residence and view and underwriting the condo association, the services, and the leasing rules before any list price wins you over.
