Deposit schedule
Review each installment, escrow treatment, refund conditions, financing contingency, closing timeline and whether the capital commitment fits the buyer's broader liquidity plan.
Ocean Terrace Residences Boutique residences, resort residences and private club facing the Atlantic
About Ocean Terrace Residences
Project overview
Ocean Terrace Residences is positioned in North Beach at Miami Beach, FL. Boutique residences, resort residences and private club facing the Atlantic.
This page uses conservative project information from the project's published materials. Pricing, inventory, deposit terms, construction milestones and delivery guidance are deliberately not stated as confirmed without a dated first-party release.
Buyers should compare the exact residence, views, floor plan, carrying costs, contract protections and surrounding development before committing.
0152 boutique residences and 24 resort residences
02Two sculptural glass towers
03350 feet of ocean frontage
04Interiors by Robert A.M. Stern Architects
Building Details
Ocean Terrace Residences at a Glance
Developer
Witkoff and Ocean Terrace Holdings
Architect
Revuelta Architecture International
Year Completed
Confirm current guidance
Residences
76
Building Type
Condominium
Neighborhood
North Beach
What Makes It Special
Why Buyers Choose Ocean Terrace Residences
The project merits consideration for its location, design and product positioning, subject to residence-level diligence.
52 boutique residences and 24 resort residences
Confirm the current scope and buyer rights in the official offering documents.
Two sculptural glass towers
Confirm the current scope and buyer rights in the official offering documents.
350 feet of ocean frontage
Confirm the current scope and buyer rights in the official offering documents.
Interiors by Robert A.M. Stern Architects
Confirm the current scope and buyer rights in the official offering documents.
Advisor Perspective
How to evaluate Ocean Terrace Residences
The strongest case begins with the exact residence rather than the brand name: orientation, protected views, terrace usability, interior efficiency and total carrying cost.
Because this is new development, buyers should obtain current first-party pricing, availability, deposits and construction guidance, then have counsel review the contract and offering documents.
About Ocean Terrace Residences
Ocean Terrace Residences in North Beach
Boutique residences, resort residences and private club facing the Atlantic. The project materials identify 52 boutique residences and 24 resort residences; Two sculptural glass towers; 350 feet of ocean frontage; Interiors by Robert A.M. Stern Architects.
Before relying on pricing, inventory, deposits, construction or completion guidance, request a dated first-party release and review the governing documents with counsel.
Explore Miami pre-construction developments, the North Beach guide, and request private buyer advisory.
Project source reviewed: official project information.
Amenities
World-Class Amenities
More than 60,000 square feet of announced amenities
An announced component of the project program; scope and access remain subject to the governing offering documents.
Ocean-facing pool deck
An announced component of the project program; scope and access remain subject to the governing offering documents.
Private club and boutique hotel
An announced component of the project program; scope and access remain subject to the governing offering documents.
Published program
- More than 60,000 square feet of announced amenities
- Ocean-facing pool deck
- Private club and boutique hotel
- Spa, dining and landscaped park access
Design & Architecture
The Visionaries
Witkoff and Ocean Terrace Holdings
Development
Revuelta Architecture International
Architecture
Neighborhood
North Beach
North Beach offers a distinct South Florida setting. Buyers should evaluate daily access, nearby construction, view corridors, flood and insurance considerations, and the fit between the neighborhood and intended use.
Local context
Review the neighborhood guide alongside the building-specific documents.
FAQ
Frequently Asked Questions
What is Ocean Terrace Residences?
Ocean Terrace Residences is a new-development project in North Beach. Published project information should be confirmed against the current offering documents before a purchase decision.
Are current prices and availability published here?
No. Pricing, inventory, deposits and contract terms can change. Request a dated developer price sheet and availability list before relying on commercial terms.
What should buyers verify?
Review the condominium documents, developer disclosures, deposit schedule, cancellation and extension rights, estimated completion, association budget and the exact residence orientation with counsel.
Get in Touch
Private Availability at Ocean Terrace Residences
For current availability, pricing history, floor plans, and off-market opportunities at Ocean Terrace Residences, request a confidential review with our advisory team.
Phone
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Miami Real Estate Market Intelligence
Market Context: The Miami-to-Northeast and Miami-to-California migration has converted from pandemic-era spike to structural relocation. Miami’s millionaire population grew approximately 78% between 2013 and 2023. Geographic constraint is binding: ocean, bay, and Everglades pin supply. December 2025 medians: Miami Beach condo $620K, Brickell condo $580K. Luxury condominium price per sq ft: $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth.
Value submarkets: Brickell ($600-$1,500/SF), Edgewater ($700-$1,200/SF), Downtown Miami ($600-$2,000/SF). Trophy submarkets: Fisher Island, Sunny Isles Beach ($1,500-$3,500/SF, dense branded-residence inventory), South of Fifth. Branded benchmarks include Four Seasons Surf Club ($2,200-$3,500/SF), St. Regis Sunny Isles ($1,800-$2,800/SF), and Porsche Design Tower ($1,600-$2,400/SF). Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Structural inputs compound: no state income tax (vs. 10.9% NY, 13.3% CA), no estate tax, 78% decade millionaire growth, and construction-cost inflation. Current pre-construction inventory was financed and broken ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber, effectively the last tranche of pre-tariff pricing. Florida SB 264 restricts acquisitions by nationals of certain countries within 10 miles of military installations and must be screened at contract stage for international buyers.
Key Facts
- Miami Beach Condo Median (Dec 2025): $620K
- Brickell Condo Median (Dec 2025): $580K
- Luxury Condo $/SF: $1,200-$3,500+
- Fisher Island $/SF: $2,000-$4,500
- Avg Days on Market: 95
- Closing Costs: 2-3% (cash), 3-4% (financed)
- Property Tax: ~2% of assessed value annually
- Millionaire Population Growth: +78% (2013-2023)
- State Income Tax: 0% (vs. NY 10.9%, CA 13.3%)
What Buyers Should Know
Miami’s millionaire population grew approximately 78% between 2013 and 2023 with no state income tax and hard geographic constraints (ocean, bay, Everglades) capping supply. Luxury condominium price per sq ft runs $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth. Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Miami Real Estate FAQs
What are Miami’s current condominium medians?
December 2025: Miami Beach $620K, Brickell $580K. Luxury condominium stock runs $1,200-$3,500+ per sq ft, extending to $2,000-$4,500 on Fisher Island and $1,800-$4,000 at South of Fifth.
Why is Miami attracting UHNW capital structurally?
Zero state income tax (versus NY 10.9%, CA 13.3%), no estate tax, a 78% decade growth in the millionaire population (2013-2023), and geographic constraints that cap long-run supply. These are structural inputs, not cyclical.
What does the construction-cost tariff environment mean for current inventory?
Current pre-construction inventory was financed and broke ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber. Replacement-cost pricing on the next development cycle is expected to rise materially. Current allocations represent the last tranche of pre-tariff pricing.
What is Florida SB 264 and how does it affect international buyers?
Florida SB 264 restricts property acquisitions by nationals of seven countries (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) within 10 miles of military installations. The restriction must be screened at contract stage and may require entity-structure adjustments to comply.
What are typical monthly carrying costs on a Miami condominium?
HOA $0.80-$2.50 per sq ft per month, property tax ~2% of assessed value annually, HO-6 insurance $2,000-$5,000+ annually, flood insurance $500-$3,000+. A 2,000 sq ft condo runs $1,600-$5,000 per month in HOA alone.
What are the post-Surfside inspection requirements?
Buildings 3+ stories must undergo structural inspections at year 30 (year 25 if coastal), then every 10 years. Associations must fully fund reserves; reserve waivers are no longer permitted. Older buildings carry special-assessment risk; inspection and reserve-study review is required at due-diligence.