57 Ocean: New Beachfront Condo in Miami Beach (Pre-Sales Begin)November 2, 2018
It’s been more than 10 years since a new oceanfront condo has been announced in Miami Beach’s 33140 Zip code (aka Mid Beach). Have you been waiting for something new in the area? This could be it!
“57 Ocean” Condo located at 5775 Collins Avenue, in the heart of historic Millionaire’s Row is ready for sale. 57 Ocean will be an 18-story building with 81 units. There is ocean facing units, west facing units, flowthrough units, and two penthouses. Prices start at $1.5M.
If you would like to learn more about 57 Ocean, please contact us right away as the best prices are always during the First Phase of Pre-Sales. n fact, the best units always go first! This is a pre-construction opportunity which means contracts are non-binding for 15 days… so there is zero risk in holding a unit while assessing if the opportunity is right for you.
The developer is aiming to complete the $2 million sales center in time for Art Basel, and to break ground in March 2019, delivering the building in about 30 months from groundbreaking.
The developer is launching sales now because there’s very little comparable product on the market. Further along Collins Avenue (on the border of Nprth Beach and Surfside) at 8701 Collins Avenue, developer David Martin is building Eighty Seven Park, a luxury condo project now 80% sold and opening August 2019
57 Ocean’s units will range in price from $1.5 million to $31 million, and will feature 12-foot terraces, Italian kitchens, 10-foot ceilings, and private elevator entrances. Arquitectonica designed the building.
Multiplan is self-financing the project, which builds “confidence we feel is lacking in the market.”
The property will feature an outdoor yoga deck, underground parking and vertical gardens. Amenities will include a spa with a thermal suite, relaxation and meditation area, infinity pools, a sundeck on the third floor, a pool bar and lounge, club room, fitness center, library and more.
Multiplan secured approval from the Miami Beach Design Review Board for the project in December 2017 after modifying designs to include public beach access and reduce the building’s width.