South of Fifth Condo News
The renamed Ocean House luxury condominiums in Miami Beach, will be sold and marketed as one of the most exclusive condos in Miami Beach's South of Fifth Neighborhood. The Oceanfront ultra-luxury & boutique condominium development formerly known as The South of Fifth (S5) is getting a multi-million dollar upgrade by iStar Residential, which recently acquired all of the unsold condominiums.
The oversized ultra-luxury condominium complex has only seventeen beachfront residences. The Ocean House condominiums will be a luxurious enclave on famous Ocean Drive, along the coveted beachfront South of Fifth Street, one of South Florida’s most upscale residential neighborhoods. This boutique property boasts some of the most impressive residences in all of Greater Miami, with several beach condominiums measuring over 6,000 sq.ft. What makes this condominium complex unique are that these are ALL very large three bedroom + Oceanfront condominiums. For more information on the South of Fifth Ocean House Condominiums and to see available floorplans, please click HERE or on the picture above.
Nearby luxury waterfront condo buildings include the large resort-like The Murano at Portofino, The Continuum South Beach, Apogee, The Murano Grande, Icon South Beach, and the Portofino Tower. The Ocean House condo residences are ideal for the ultra-luxury condo buyer, who values their privacy since the lobby and common areas are elegant and luxurious, yet understated. Given the very limited number of total residences and floors, each individual condo owner will be pampered with unique and personalized concierge services and a highly trained staff. This level of privacy and individualized attention is simply not an option in the nearby larger condo buildings in Miami Beach's South of Fifth Neighborhood.
The Ocean House ultra-luxury condominium complex consists of three connected Oceanfront Towers, with ten floors total. Originally completed in late 2008, The Ocean House condominiums are located next door to the Bentley Hilton luxury condo/hotel (also formerly known at Bentley Beach). This was THE last premier location left to develop on Ocean Drive, where an extra-wide area of oceanfront Beach intersects with the nearby South Pointe Park and the Nikki Beach Complex.
02 lines: 4,178-6,379 sqft.
4 bedrooms/6.5 bathrooms
Price range: from $4.5M- $7.9M
03 lines: 2,489-6,213 sqft.
2-3 bedrooms/5.5 bathrooms
Price range: from $3.9M- $8.6M
01 lines: 3,511-6,009 sqft.
3 bedrooms/5.5 to 6.5 bathrooms
Price range: from $4.2M- $7.9M
The popular and highly sought-after South of Fifth street area (SoFi) has the most affluent and exclusive condominium buildings built in South Beach, starting with The Portofino Tower in 1997. SoFi (as locals call the area), is a pocket of luxury waterfront condos (and a few older homes) that connects the intercoastal to the ocean within a narrow stretch of land, this makes the distance from Bayfront to Oceanfront very short. Miami Beach's South of Fifth also offers many famous restaurants including Prime Italian, Joe's Stone Crabs, Smith & Wollensky located inside of South Pointe Park, and the newly opened (and excellent) Vic and Angelo's located at 125 Ocean Drive.
Below are the past 60 Days Sales for Miami Beach Condos in theSouth of Fifth Neighborhood:
Miami Beach South of Fifth Condos- Past 60 Days Closed Sales| Sales Date | Miami Beach Condo | Miami Beach Condo | Living Area | Sales Price | SP$/SqFt |
| 11/18/2011 | 120 JEFFERSON AV # 12017 | The Courts at South Beach | 1,430 | $645,000 | $451 |
| 11/17/2011 | 425 MERIDIAN AV # 11 | Meridian 5 | 1,178 | $565,000 | $480 |
| 11/14/2011 | 50 S POINTE DR # 2003 | Continuum On South Beach | 1,451 | $1,550,000 | $1,068 |
| 11/14/2011 | 50 S POINTE DR # 2403 | CONTINUUM ON SOUTH BEACH | 1,992 | $2,250,000 | $1,130 |
| 11/10/2011 | 450 Alton # 3606 | ICON South Beach | 1,452 | $762,000 | $525 |
| 11/3/2011 | 300 S POINTE DR # 405 | PORTOFINO TOWERS | 2,340 | $980,000 | $419 |
| 11/1/2011 | 90 ALTON RD # 2503 | YARCH CLUB AT PORTOFINO | 1,080 | $500,000 | $463 |
| 10/27/2011 | 300 S POINTE DR # 805 | Portofino | 2,340 | $1,225,000 | $524 |
| 10/27/2011 | 800 S POINTE DR # 1603 | Apogee | 2,756 | $6,000,000 | $2,177 |
| 10/25/2011 | 100 S POINTE DR # 705 | CONTINUUM | 1,869 | $1,750,000 | $936 |
| 10/14/2011 | 1000 S POINTE DR # 2104 | MURANO AT PORTOFINO | 2,190 | $2,250,000 | $1,027 |
| 10/14/2011 | 100 JEFFERSON AV # 10015 | THE COURTS AT SOUTH BEACH | 2,090 | $699,000 | $334 |
| 10/14/2011 | 140 JEFFERSON AV # 14011 | THE COURTS AT SOUTH BEACH | 1,220 | $529,000 | $434 |
| 10/10/2011 | 100 S POINTE DR # 3004 | CONTINUUM ON SOUTH BEACH | 2,508 | $3,495,000 | $1,394 |
| 10/7/2011 | 90 ALTON RD # 1111 | The Yacht Club | 1,130 | $500,000 | $442 |
| 10/6/2011 | 400 S POINTE DR # 1110 | SOUTH POINTE TOWERS | 1,559 | $860,000 | $552 |
| 10/6/2011 | 300 S POINTE DR # 709 | PORTOFINO TOWER | 1,090 | $570,000 | $523 |
| 9/30/2011 | 730 3 ST # 201 | Armitage Place | 2,290 | $780,000 | $341 |
| 9/29/2011 | 50 S POINTE DR # 1606 | Continuum North | 1,698 | $1,500,000 | $883 |
| 9/29/2011 | 400 ALTON RD # 2206 | Murano Grande | 2,024 | $1,418,000 | $701 |
| 9/27/2011 | 50 S POINTE DR # 2205 | Continuum North Tower | 1,862 | $2,300,000 | $1,235 |
| 9/26/2011 | 90 ALTON RD # 3010 | YACHT CLUB AT PORTOFINO | 1,090 | $710,000 | $651 |
