The Worth Group and Colton Smith Sell $17.1 Million Penthouse at Waldorf Astoria Residences Pompano Beach

Pompano Beach’s luxury real estate market has reached a defining moment, and The Worth Group powered by Fortune Christie's International Real Estate is proud to announce that Colton Smith of The Worth Group has sold a remarkable duplex penthouse at Waldorf Astoria Residences Pompano Beach for $17.1 million.

The sale, recently featured by The Wall Street Journal, represents one of the priciest residential transactions in Pompano Beach history and further confirms what the market has been signaling for several years: Pompano Beach is no longer an emerging luxury destination. It has arrived.

A Landmark Penthouse Sale

The buyer, Stuart Carlitz, founder of Bedding Industries of America, is purchasing a five-bedroom duplex penthouse at Waldorf Astoria Residences Pompano Beach. The residence spans approximately 6,600 square feet and is designed with expansive terraces, a private rooftop, and a rooftop pool, creating the type of indoor-outdoor oceanfront lifestyle that has become increasingly rare across South Florida.

A second penthouse at the building is also under contract for $18.1 million, setting another benchmark for the city and reinforcing the strength of demand at the very top of the Pompano Beach market.

For The Worth Group and Colton Smith, this transaction is more than a significant sale. It is a clear proof point that Pompano Beach is now competing for the same luxury buyer attention historically reserved for Miami, Fort Lauderdale, Boca Raton, and Palm Beach.

Waldorf Astoria Residences: A First-of-Its-Kind Address

Located at 1350 South Ocean Boulevard, Waldorf Astoria Residences Pompano Beach is being developed by Related Group and Merrimac Ventures in collaboration with Hilton.

The 28-story, 92-residence oceanfront tower is the first entirely residential Waldorf Astoria-branded development. The building is now approximately 85% to 90% sold, with residences averaging around $1,600 per square foot.

Designed for a refined, resort-style lifestyle, the project includes approximately 12,000 square feet of interior amenitiesand a 20,000-square-foot pool deck. Planned amenities include a wellness center, entertainment lounge, spa, summer kitchen, fitness center, and beachside café.

Completion is anticipated for spring or summer of next year.

From “Pompa-no” to “Pompa-now”

Pompano Beach is undergoing one of the most significant luxury transformations in South Florida. The city, once overlooked between Fort Lauderdale and Boca Raton, is now attracting global hospitality brands, major developers, and high-net-worth buyers looking for oceanfront access without Miami or Palm Beach pricing.

The market momentum is being driven by several factors: limited oceanfront inventory, strong buyer migration from Miami and Fort Lauderdale, continued demand from high-tax states such as New York and California, and growing international interest from Canada and beyond.

As Patrick Campbell, Senior Vice President of Related Group, told The Real Deal, Pompano Beach has gone from a place few people recognized to a city now receiving the stamp of approval from some of the world’s most respected luxury brands. His phrase captures the transformation perfectly: what was once “Pompa-no” is now “Pompa-now.”

Branded Residences Are Redefining Pompano Beach

Waldorf Astoria is not alone in reshaping the oceanfront. Pompano Beach is now home to a growing collection of branded and luxury developments, including:

• Waldorf Astoria Residences Pompano Beach
• Ritz-Carlton Residences Pompano Beach
• W Pompano Hotel & Residences
• Casamar Pompano Beach
• Armani/Casa Residences Pompano Beach

Related Group has already invested approximately $2.5 billion in Pompano Beach and continues to look for new opportunities in the area. That level of commitment from one of South Florida’s most influential developers speaks volumes about the city’s long-term trajectory.

The Worth Group’s Role in Pompano Beach’s Luxury Evolution

The successful sale of the Waldorf Astoria Residences penthouse by Colton Smith of The Worth Group highlights the firm’s continued presence in South Florida’s most important new development and branded residence markets.

The Worth Group has been deeply involved in advising buyers across luxury pre-construction, oceanfront condominiums, branded residences, and high-value investment opportunities throughout Pompano Beach, Boca Raton, Fort Lauderdale, Palm Beach, and Miami.

This penthouse sale is not only a record-setting transaction. It is a statement about where the market is going.

Pompano Beach has entered a new era, and The Worth Group is proud to be part of that story.

Congratulations to Colton Smith

The Worth Group congratulates Colton Smith on this exceptional penthouse sale at Waldorf Astoria Residences Pompano Beach.

For buyers seeking access to South Florida’s most exclusive oceanfront residences, branded developments, and pre-construction opportunities, The Worth Group offers expert market insight, trusted guidance, and direct access to the region’s most desirable new developments.

The Worth Group
Luxury Real Estate | New Development | Branded Residences
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