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All stats are year over year

Updated August 17, 2026 12:01PM EST

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Days on MarketDOM

41Days | -11%
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Active InventoryAI

4,590 Homes | -23%
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Median Sales PriceMSP

$660,090 | 8%
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New ListingsNL

1,433 Homes | -5%
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Closed SalesCS

1,336 Homes | 13%
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Dollar VolumeDV

$1.7B | 42%
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Months of InventoryMOI

3.7 Months | -33%
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1,264 Homes | 5%
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Ocean Terrace

A subdivision of North Beach Town Center.

Total Homes : 76

Gated : No

Club Membership : No

No-Fee Community : No

Ocean Terrace Map

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Discover the Lifestyle of Ocean Terrace Homes

Ocean Terrace is a future oceanfront residential and hospitality development in Miami Beach’s North Beach neighborhood. Spanning an entire oceanfront block near 74th Street, the project combines two sculptural residential towers with a boutique hotel, private members’ club, curated retail, tropical landscaping, and the newly completed Ocean Terrace Park.

The residential collection is planned for just 76 homes: 52 boutique residences in a dedicated 20-story tower and 24 resort residences within the hotel tower. With approximately 350 feet of direct ocean frontage and the park between the buildings and shoreline, Ocean Terrace Homes for Sale offer a distinctive new-construction option in an established section of North Beach.

About Ocean Terrace

Ocean Terrace occupies approximately 2.2 acres within a broader setting that incorporates roughly five acres of tropical parkland. The development is led by Witkoff in partnership with Ocean Terrace Holdings, with Ocean Terrace Residential LLC serving as the condominium developer.

The design team brings together Robert A.M. Stern Architects, or RAMSA, for residential interiors and Revuelta Architecture International for the towers’ exterior architecture. Enzo Enea is responsible for the private landscape design, while Raymond Jungles designed the adjacent Ocean Terrace Park.

The 52 boutique residences occupy their own 20-story tower and feature private outdoor spaces, private elevator landings, floor-to-ceiling windows, and interiors designed to emphasize views toward the Atlantic and surrounding parkland. The separate collection of 24 resort residences is integrated into the hotel tower and will be delivered fully furnished with custom RAMSA-selected interiors.

The development also includes four duplex penthouses divided between the boutique and resort collections. Each is planned with a private rooftop featuring a lap pool, hydrotherapy spa, lounge, outdoor kitchen, and dining area.

History of Ocean Terrace

Ocean Terrace is the result of a long-term effort to redevelop and improve the oceanfront blocks between Collins Avenue and the beach in North Beach. The development area includes historic midcentury buildings that are being incorporated into the new project rather than removing all traces of the site’s earlier architecture.

A development agreement between Miami Beach and the project team was established in 2019, coordinating private redevelopment with improvements to the adjoining public Ocean Terrace corridor. The plan subsequently evolved as the development team refined the residential, hotel, retail, and public-space components.

An important part of that transformation is Ocean Terrace Park. Developed through a public-private partnership and designed by Raymond Jungles, the approximately $15 million public park replaced a largely paved oceanfront environment with landscaping, water features, seating, lawn areas, improved drainage, and connections to the Miami Beach Beachwalk.

Ocean Terrace Park was completed and opened in 2025. The private development is moving forward separately, with the residential program now comprising 52 boutique residences and 24 resort residences.

Amenities

Ocean Terrace plans more than 60,000 square feet of indoor and outdoor amenities. The private residential and club features are designed around the project’s oceanfront setting and include:

  • Ocean-view swimming pools
  • Landscaped pool decks and sun lounges
  • Private members’ club
  • Spa and wellness facilities
  • Indoor-outdoor fitness center
  • Tropical private gardens
  • Resident lounges and social spaces
  • Private residential porte-cochère
  • Dedicated concierge services
  • In-residence catering services
  • Food and beverage service
  • Three planned restaurants

The private members’ club and boutique hotel occupy reimagined midcentury buildings incorporated into the larger property. Specific access rights for condominium owners, resort residence owners, hotel guests, and club members may differ and should be confirmed through the applicable condominium and membership documents.

Ocean Terrace Park is a public amenity rather than a private condominium feature. The park includes landscaped open space, water features, seating areas, native-inspired plantings, and a connection to the Miami Beach Beachwalk, providing direct pedestrian access along the North Beach oceanfront.

Key Details

  • Community type: Future oceanfront condominium and mixed-use development
  • Property type: Condominium residences and resort residences
  • Location: Ocean Terrace and Collins Avenue around 74th Street, Miami Beach, FL 33141
  • Boutique residences: 52
  • Resort residences: 24
  • Total residential collection: 76 residences
  • Boutique residence tower: 20 stories
  • Ocean frontage: Approximately 350 feet
  • Private development site: Approximately 2.2 acres
  • Developer: Ocean Terrace Residential LLC
  • Development team: Witkoff and Ocean Terrace Holdings
  • Interior design architect: Robert A.M. Stern Architects
  • Exterior architect: Revuelta Architecture International
  • Private landscape architect: Enea Landscape Architecture
  • Ocean Terrace Park landscape architect: Raymond Jungles, Inc.
  • HOA/condominium fees: Applicable fees should be confirmed from current offering documents
  • Club membership: Private members’ club planned; final access and membership terms should be verified
  • Development status: Future condominium development
  • Major nearby roads: Collins Avenue, Harding Avenue, 71st Street, and 79th Street Causeway
  • Nearby destinations: Ocean Terrace Park, Miami Beach Beachwalk, North Shore Oceanfront Park, Miami Beach Bandshell, Surfside, and Bal Harbour


Nearby Communities

72 Park is a newer condominium development at 580 72nd Street and is covered by Echo Fine Properties. Located only a few blocks southwest of Ocean Terrace, it provides a contemporary condominium alternative within the same North Beach area, though without Ocean Terrace’s direct oceanfront setting.

Park Beach Club is an established condominium community at 7832 Collins Avenue and is covered by Echo Fine Properties. Its Collins Avenue location north of Ocean Terrace puts residents close to North Shore Oceanfront Park, the Beachwalk, and the Atlantic shoreline.

Carlyle Towers is an established condominium community around Carlyle Avenue in North Beach and is covered by Echo Fine Properties. Located a short distance north of Ocean Terrace, it offers another existing condo option for buyers comparing residences in the northern section of Miami Beach.

Work with Echo Fine Properties

Explore Ocean Terrace residences and compare new and established condominium opportunities throughout North Beach with Echo Fine Properties. Our team can help you review current availability, residence options, development updates, and other Miami Beach oceanfront properties.

Ocean Terrace Homes for Sale FAQs

Where is Ocean Terrace located in Miami Beach?

Ocean Terrace is located along the Atlantic Ocean near 74th Street in Miami Beach’s North Beach neighborhood. The development occupies an oceanfront block between the beach and Collins Avenue. Ocean Terrace Park, the Beachwalk, North Shore Oceanfront Park, and the Miami Beach Bandshell are all nearby.

How many residences will Ocean Terrace have?

Ocean Terrace is planned with 76 residences divided between two collections. There will be 52 boutique residences in a dedicated 20-story tower and 24 resort residences within the hotel tower. The smaller residential count distinguishes the project from many larger condominium towers elsewhere in Miami Beach.

What is the difference between the boutique and resort residences?

The 52 boutique residences occupy their own residential tower and feature RAMSA-designed interiors, private elevator landings, terraces, and floor-to-ceiling windows. The 24 resort residences are located within the hotel tower and are planned to come fully furnished with custom RAMSA-selected furnishings. Both collections are designed around views of the Atlantic Ocean and surrounding parkland.

What amenities will Ocean Terrace offer?

Ocean Terrace plans more than 60,000 square feet of amenities, including ocean-view pools, a spa, an indoor-outdoor fitness center, tropical gardens, resident spaces, concierge services, and food and beverage service. A private members’ club, boutique hotel, restaurants, and retail are also part of the broader development. Access to individual facilities may vary depending on residence type and membership arrangements.

Is Ocean Terrace Park private to residents?

No. Ocean Terrace Park is a public oceanfront park developed in collaboration with the City of Miami Beach. It includes landscaped areas, water features, seating, lawns, and connections to the Miami Beach Beachwalk. The condominium development has separate private gardens, amenity areas, and residential facilities for its residents.

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