On Wednesday, Pérez posted a series of photos on Instagram with a caption hinting that he'd snapped up a new pad at the yet-to-be-built St. Regis Residences, a planned 50-story ultraluxury residential tower in Miami's Brickell neighborhood.
"I am very happy to have Miami as my vacation spot, thanks for making it so great," reads an English translation of Pérez's Instagram post, which tagged St. Regis Residences and real estate development company Related Group.
The news was confirmed this afternoon in a press release, which revealed that the former F1 Red Bull driver has, in fact, purchased a four-bedroom luxury condo at the St. Regis. According to the release, Perez's new Miami abode boasts panoramic waterfront views of Biscayne Bay, spa-inspired bathrooms, private elevator access, and a kitchen outfitted with Sub-Zero and Wolf appliances.
The ritzy edifice is slated to feature more than 50,000 square feet of amenities, including exclusive beach club access, a teen video game lounge, a programmable multisport simulator (!), a private marina, and a residents-only fine-dining restaurant by chef and restaurateur Fabio Trabocchi of Fiola in Coral Gables.
The press release notes that the building is more than 65 percent sold, with completion expected in 2027. Prices for the remaining units begin at a Formula 1-appropriate $5 million.
"Miami has become incredibly special to me after spending the past few years here for F1, and I look forward to enjoying this stunning new home with my family and friends," Pérez said, according to the release. "I’ve always been drawn to the St. Regis brand, and with the towers’ privacy and prime location in Brickell, it’s the perfect place to call home."
Pérez isn't the first F1 driver to buy a luxury residence in the 305. As previously reported by New Times, Charles Leclerc purchased a "Signature Residence" at Edition Residences in Miami's Edgewater neighborhood in 2024.
Pérez was, however, the first Mexican driver to start an F1 race in 30 years when he made his debut in the 2011 Australian Grand Prix.
He started his career with Sauber, then went on to race for McLaren in 2013, followed by Force India from 2014 to 2018, and Racing Point from 2019 to 2020, before joining Red Bull. All told, he competed in more than 280 grand prix, earned more than 1,600 points, won six races, and finished on the podium 39 times.
In December, Red Bull announced that Pérez would not be racing for the team in 2025. He was replaced by 23-year-old New Zealander and former Red Bull reserve driver Liam Lawson.
While Red Bull team principal Christian Horner described Pérez' departure as a "sabbatical" from Formula 1, Perez’s father has asserted otherwise.
"Today is a total retirement; there is nothing, there is no plan B, there is no plan C; today, at this moment, the Formula 1 page is closing, as it closed before, before arriving at Red Bull," the elder Pérez told Mexico-based TV station N+ FORO.
