Seller's Agent in 2025
Robin Gordon
BHHS Fox & Roach
(610) 246-2281
6 in this area
1,295 Total Sales
The Residences at the Ritz-Carlton 1414 S Penn Square Unit PH2 Philadelphia, PA 19102
Center City West Neighborhood
5
Beds
6.5
Baths
9,515
Sq Ft
$13,131/mo
HOA Fee
Highlights
- Concierge
- 1-minute walk to 15Th Street
- Transportation Service
- Bar or Lounge
- Fitness Center
- 2-minute walk to Dilworth Park
About This Home
As of July 2025A once-in-a-lifetime opportunity to design and customize a full-floor penthouse in the heart of Philadelphia. Penthouse 2 spans an expansive 9,515 square feet of raw potential, including approximately 1,000 square feet of outdoor terraces with breathtaking panoramic views. From the Delaware River to the Schuylkill River, and the northern cityscape to the southern horizon, every floor-to-ceiling window—soaring nearly 13 feet—frames an ever-changing masterpiece of the city.
This is your chance to create one of the most iconic trophy properties in Philadelphia while becoming part of the storied legacy of an internationally recognized luxury brand. Residents of The Ritz-Carlton Residences Philadelphia enjoy exclusive global benefits through Marriott and direct access to luxury services at the adjacent Ritz-Carlton Hotel, including discounted rates and personalized concierge services.
The Ritz-Carlton Residences also offer an unparalleled suite of amenities, including a state-of-the-art fitness center, indoor pool with locker rooms, yoga room, media screening room, resident lounge, and a gated garden park with a tranquil waterfall. Coming soon, a reimagined wraparound terrace will feature grill stations, fire pits, and luxurious lounge seating. Additional benefits include a chauffeur-driven Mercedes S-Class, valet parking, electric vehicle charging stations, and a private dog run.
This is your opportunity to create an unparalleled masterpiece and enjoy the pinnacle of luxury living with the world-class service that only The Ritz-Carlton can provide.
Last Agent to Sell the Property
(610) 246-2281 robin@robingordon.com BHHS Fox & Roach-Haverford License #AB049690L Listed on: 04/08/2025
Co-Listed By
(570) 574-8048 libby.cefaly@foxroach.com BHHS Fox & Roach-Haverford License #RS344269
Last Buyer's Agent
(610) 220-0207 arielle.roemer@foxroach.com BHHS Fox & Roach At the Harper, Rittenhouse Square License #RS344814
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $101,127
Year Built
- Built in 2009
Lot Details
- Sprinkler System
- 888095436
- Property is in excellent condition
HOA Fees
- $13,131 Monthly HOA Fees
Parking
- Subterranean Parking
- Electric Vehicle Home Charger
- Parking Attendant
- Secure Parking
Home Design
- Penthouse
- Entry on the 47th floor
- Masonry
Interior Spaces
- 9,515 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Wet Bar
- Bar
- Recessed Lighting
- Formal Dining Room
- Sauna
- Wood Flooring
- Washer and Dryer Hookup
Kitchen
- Gourmet Kitchen
- Butlers Pantry
- Kitchen Island
- Upgraded Countertops
- Wine Rack
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- Soaking Tub
- Bathtub with Shower
- Walk-in Shower
Home Security
Outdoor Features
- Multiple Balconies
- Terrace
- Wrap Around Porch
Schools
- Albert M. Greenfield Elementary School
- Albert M. Greenfield Middle School
- Benjamin Franklin High School
Additional Features
- Doors are 32 inches wide or more
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 888095434
Community Details
Overview
- $39,392 Capital Contribution Fee
- Association fees include air conditioning, common area maintenance, exterior building maintenance, gas, heat, water
- High-Rise Condominium
- The Ritz Carlton Residences Community
- Penn Square Subdivision
- Property Manager
Amenities
- Concierge
- Doorman
- Transportation Service
- Common Area
- Bar or Lounge
- 3 Elevators
Recreation
- Heated Community Pool
- Dog Park
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
- Breed Restrictions
Security
- Front Desk in Lobby
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2025
Closed on
Jul 21, 2025
Sold by
Agc Partners Lp
Bought by
Merkt Steven and Merkt Doreen
Seller's Agent
Robin Gordon
BHHS Fox & Roach-Haverford
Buyer's Agent
Arielle Roemer
BHHS Fox & Roach At the Harper, Rittenhouse Square
List Price
$7,500,000
Sold Price
$5,950,000
Premium/Discount to List
-$1,550,000
-20.67%
Views
81
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-96.84%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $5,950,000 | Premier Executive Abstract |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Sold | $5,950,000 | -20.7% | $625 / Sq Ft |
| 06/04/2025 06/04/25 | Pending | -- | -- | -- |
| 04/08/2025 04/08/25 | For Sale | $7,500,000 | -- | $788 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $44,977 | $3,213,100 | $257,000 | $2,956,100 |
| 2024 | $44,977 | $3,213,100 | $257,000 | $2,956,100 |
| 2023 | $44,977 | $3,213,100 | $257,000 | $2,956,100 |
| 2022 | $44,977 | $3,213,100 | $257,000 | $2,956,100 |
| 2021 | $44,977 | $0 | $0 | $0 |
| 2020 | $44,977 | $0 | $0 | $0 |
| 2019 | $40,888 | $0 | $0 | $0 |
| 2018 | $2,844 | $0 | $0 | $0 |
| 2017 | $2,844 | $0 | $0 | $0 |
| 2016 | $588 | $0 | $0 | $0 |
| 2015 | $563 | $0 | $0 | $0 |
| 2014 | -- | $2,540,000 | $42,000 | $2,498,000 |
| 2012 | -- | $126,496 | $17,280 | $109,216 |
Source: Public Records
Agents Affiliated with this Home
-
Robin Gordon
-
Libby Cefaly
L
Seller Co-Listing Agent in 2025
Libby Cefaly
BHHS Fox & Roach
(570) 574-8048
1 in this area
74 Total Sales
-
Arielle Roemer
Buyer's Agent in 2025
Arielle Roemer
BHHS Fox & Roach
(610) 220-0207
8 in this area
138 Total Sales
About The Residences at the Ritz-Carlton
Map
Source: Bright MLS
MLS Number: PAPH2467562
APN: 888095436
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