57 Ocean Miami Beach Location & Neighborhood
5775 Collins Avenue, Miami Beach, FL 33140
The Neighborhood
What's within reach.
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Atlantic Ocean (Mid-Beach beachfront) Direct beach access0.05 mi
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The Perigon Miami Beach (rising) Blocks away0.4 mi
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Indian Beach Park Walking distance0.4 mi
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Faena District Short drive0.6 mi
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Lincoln Road Short drive4.0 mi
Life at 57 Ocean Miami Beach
Mid-Beach (Millionaire's Row) is home to several luxurious oceanfront condo towers — including The Residences at The Miami Beach Edition, Faena House, and the newly built 57 Ocean. The neighborhood's combination of oceanfront positioning, prime Collins Avenue access, and proximity to South Beach makes it among Miami Beach's most coveted residential corridors.
Brazilian Lifestyle-Inspired Design
Inspired by Brazilian lifestyle — Multiplan's founder Dr. José Isaac Peres is an internationally revered Brazilian developer. Wood-like ceiling accents, Poliform cabinetry, marble waterfall islands, glass balustrades.
Sky Residences Flow-Through Design
18 flow-through Sky Residences (3,400+ sq ft) — each with views of Atlantic Ocean, Intracoastal Waterway, Bay, and Miami skyline. Premium positioning.
$35M Trophy Penthouse
Full-floor penthouse designed by Sofia Joelsson Design Studio — pool, private gym, putting green, wine cellar, 360-degree views. Originally listed at $35 million.
Arquitectonica Architecture
Designed by Miami's iconic Arquitectonica (Bernardo Fort-Brescia). 18 stories rising on Mid-Beach Millionaire's Row.
Fully Sold Out
57 Ocean is fully sold out from original developer sales. Current resale market shows 4+ residences listed ($2.85M to $14.495M). The Perigon Miami Beach is rising blocks away.
57 Ocean Miami Beach Investment & Market Outlook
Why Miami Beach Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. Miami Beach specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like 57 Ocean Miami Beach typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard Miami Beach pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. 57 Ocean Miami Beach follows the Miami Beach market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at 57 Ocean Miami Beach
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
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01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
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02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
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03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
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04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
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05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
57 Ocean Miami Beach FAQs
Answers to the most common questions about 57 Ocean Miami Beach pricing, amenities, and policies. For anything else, our team is here to help.
How much do 57 Ocean residences cost?
57 Ocean Miami Beach pricing in the resale market currently ranges from approximately $2.85 million to $14.495 million. 2-bedrooms from $2.85M, 3-bedrooms from $5M, 4-bedrooms from $8M, Sky Residences from $5M+, penthouse $14.495M+ (originally listed at $35M).
Who developed 57 Ocean?
57 Ocean Miami Beach was developed by Multiplan Real Estate Asset Management (MultiplanREAM) — founded by internationally revered Brazilian developer Dr. José Isaac Peres. Marcelo Kingston serves as Managing Partner. The development secured a $58.5 million construction loan from Bank OZK arranged by JLL Capital Markets.
Who designed 57 Ocean?
Architecture by Miami's iconic Arquitectonica (Bernardo Fort-Brescia's globally renowned firm). Interiors are Brazilian lifestyle-inspired — wood-like ceiling accents, Poliform cabinetry. The $35 million full-floor penthouse was specifically designed by Sofia Joelsson Design Studio with pool, private gym, putting green, wine cellar, 360-degree views.
When did 57 Ocean complete?
57 Ocean Miami Beach completed in fall 2021 — topped out August 2020 with delivery the following year.
How many residences does 57 Ocean have?
81 residences across 18 stories: 70 standard residences (2-4 bedrooms, 1,363-2,963 sq ft), 18 flow-through Sky Residences (3,400+ sq ft), and 1 full-floor penthouse (3,523-3,623 sq ft including duplex penthouses).
Is 57 Ocean sold out?
Yes — 57 Ocean is fully sold out from original developer sales. The residences now trade in the resale market with 4+ residences currently listed ranging $2.85M to $14.495M. The development sold to buyers from high-income-tax states (NY, California) and high-net-worth individuals from Latin America.
What's included in each residence?
Brazilian lifestyle-inspired design with wood-like ceiling accents, Poliform cabinetry, state-of-the-art appliances, marble waterfall island, glass balustrades, floor-to-ceiling windows, terraces up to 12 feet deep, premium finishes throughout.
What about the $35M penthouse?
The original $35 million penthouse at 57 Ocean is a full-floor residence designed by Sofia Joelsson Design Studio. Features include a pool, private gym, putting green, wine cellar, and 360-degree views of cobalt-blue waters, white sugary sands. Lavish finishes and cutting-edge amenities rival a five-star resort. (Some Sky Residences and penthouses now trade in the $14.495M range in the resale market.)
