Houston Ritz-Carlton Penthouse Lists for $28M

Houston’s upcoming Ritz-Carlton tower may not be built yet, but it’s already rising to the upper heights of the city’s resi market.

A penthouse unit in the Ritz-Carlton Residences at 2120 Post Oak Boulevard just hit the market for $27.5 million, Zillow shows. The asking price of Penthouse 3 ranks it second in the city, behind the $49 million castle at 107 Timberwilde Lane. Statewide, it’s the fourth-most expensive home and the most expensive condo on the market. The asking price amounts to more than $2,800 for each of the unit’s 9,715 square feet.

Houston-based Deiso Moss is developing the 45-story Uptown Houston tower, which will comprise 156 hotel rooms and 112 condos, including a limited number of penthouses, according to the project’s website. The building will be about 605 feet tall, trailing only the 900-foot Williams Tower in the Galleria area. The development will include 35,000 square feet of restaurant space and 50,000 square feet of hotel amenities.

It’s scheduled for completion in the fall of 2029.

“We’ve always been an extraordinarily wealthy city, and there hasn’t historically been residential product that’s matched the expectations of our buyers, and we’ve recognized that,” said Taylor Moss, partner and co-founder of Deiso Moss.

The two-story unit, one of six penthouse units in the building, includes mezzanine space and a private pool. It’s the first penthouse unit to list publicly, Moss said.

Most of the tower’s buyers “are either downsizing from their large River Oaks mansions or upgrading from an older condo that they’re already living in,” Moss added.

“River Oaks, Memorial and Tanglewood are the main three submarkets that our buyers are coming from.”

Penthouse 3 is the tower’s most expensive unit currently on the public market. The runner-up is Unit 27C, a 4,844-square-foot residence asking $9 million, or about $1,857 per square foot.

The tower has been on the market for just four months, but it’s already sold a unit for $30 million — reportedly the highest-priced condo ever sold in Texas, according to the Houston Business Journal. Other branded condo projects in Houston include The Allen in Montrose, an Auberge Collection hotel and residential tower near River Oaks, the St. Regis Residences near Memorial Park, and another Ritz-Carlton project in The Woodlands. Developments without branding include Chaucer, a 15-story, 33-unit condo development by Randall Davis Company planned for 2360 Rice Boulevard.