Ocean Terrace Miami Beach | The Full Project Information

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Verdict:

Ocean Terrace is among the most exclusive and refined beachfront residences in Miami Beach. This development provides the perfect mix of privacy, elegance, and convenience. Unlike other beachfront condos that either lack quality retail or are located in tourist-heavy areas, Ocean Terrace offers residents both seclusion and walkability. Witkoff has brilliantly integrated upscale retail into a beautifully restored Art Deco building, enhancing both character and convenience.

With only 52 residences, every unit boasts unobstructed ocean views and direct access to the beach and boardwalk. Spacious floor plans range from just under 3,000 SF to nearly 7,000 SF, featuring 10-foot ceilings (11 feet in penthouses) and expansive terraces up to 13 feet deep. Buyers also have the flexibility to combine units for a custom layout.

Financially, Ocean Terrace is a solid investment. With an HOA fee of $2.50 per square foot and a high-end Pavilion restaurant within the community (not managed by the HOA, avoiding extra costs for residents), this project is set to deliver long-term value. Prices start at $8 million, with the penthouse reaching $64 million.

Sales are set to begin in April, with project completion scheduled for 2029. Ocean Terrace redefines Miami Beach luxury, offering the rare combination of privacy, convenience, and lasting value—making it a true standout in the market.

Overview
Location

Ocean Terrace Residences, Miami Beach

Ocean Terrace is an exclusive oceanfront development poised to transform luxury living in Miami Beach, nestled in the heart of the vibrant North Beach neighborhood. Developed by Witkoff, this boutique project follows the success of the Shore Club Private Collection and features just 52 residences, offering a rare chance to own in a highly coveted luxury building.

Designed by renowned architect Robert A.M. Stern, known for iconic buildings like 220 Central Park South, Ocean Terrace boasts exceptional design and craftsmanship. Every residence offers direct east-facing ocean views, while corner units also feature park and sunset vistas. The building spans an entire block, ensuring unobstructed views and privacy, with no construction between Ocean Terrace and the neighboring 87 Park.

Ocean Terrace Residences Highlights:

Exclusive amenities for the 52 residences include:

A lushly landscaped porte-cochère arrival with a cobblestone driveway and triple-height covered motor court
24-hour concierge and reception services
A private residential entrance on 74th Street
A grand lobby with an elegant coffered ceiling soaring over 14 feet
A curvilinear library with dark wood walls and custom furnishings
A Tea Room with antique mirrored cabinetry for tea service
A fully equipped fitness center with floor-to-ceiling glass windows offering ocean views, plus a separate movement studio
Curated outdoor fitness areas
A 50,000 SF podium deck connecting all four Ocean Terrace buildings, featuring:
- A sunset pool with cold plunge, hot tub, cabanas, and restaurant service
- A private 75-foot residents-only lap pool with a sunrise deck and bar
- An entertainment suite with a lounge, media room, catering kitchen, and children’s playroom
- A sunrise lawn with garden cabanas, hammock coves, and barbecue areas
- World-class food and beverage service at all pools

Resort-Style Services and Private Members’ Club:

Residents will also enjoy exclusive access to luxury resort services and the Private Members’ Club, including:

A private arrival area from the hotel porte-cochère
A Sunset lounge and signature restaurant
Rooftop bar and ground-floor bar
A dedicated spa level with reception, sauna, steam rooms, and treatment rooms
A full-floor, oceanfront fitness center
Luxury concierge services
Personalized wellness and fitness offerings
In-residence dining, sommelier services, and spa treatments
Valet parking

With three-bedroom condos starting in the mid $9M’s and four-bedroom residences ranging from $10M to $16M, Ocean Terrace offers an unparalleled living experience in one of Miami Beach’s most sought-after locations. This transformative development is set for completion in 2029.

740 Ocean Terrace Miami Beach, FL 33141

Where it Ranks

Features and Specifications

Bedrooms 3-4
City Miami Beach
Year Built 2029

Available Condo Units Listed on MLS
Available Developer Inventory Available Developer Inventory

This list includes UNIQUELY new construction condos that are listed on the MLS. For a full list of available units including their prices, please reach out.