North Beach is the last stretch of Miami Beach that still reads as a neighborhood. Ocean Terrace is the project that decides what it becomes.
Written for buyers weighing the north end of Miami Beach. The full dossier is at /oceanterrace/. Figures below are approximate and drawn from developer materials. All notes from the desk.
Most Miami Beach oceanfront is a strip of towers on Collins Avenue with the beach behind and traffic in front. Ocean Terrace is different in kind: two towers set inside ~5 acres of gardens and a new public park, at the northern end of the island where the density thins out. The position is the argument, and it deserves a careful read.
North Beach runs roughly from 63rd Street to 87th Terrace on the barrier island, between Mid-Beach to the south and Surfside to the north. It has a MiMo architecture district, a bandshell, wide beaches, and a residential population that has lived there for decades. It has not had a new luxury tower of this kind, which is precisely why it reads as a neighborhood rather than a strip.
From 7400 Ocean Terrace, Surfside and the Surf Club are a few minutes north, Bal Harbour Shops a few more, and South Beach about fifteen minutes south. Indian Creek is across the water.
The project sits on ~5 acres with ~350 feet of ocean frontage, and a new public park designed by Raymond Jungles forms the connection between the buildings and the beach. On an island where most oceanfront towers sit on a fraction of an acre, this is a different relationship to the ground. The towers are set back inside gardens by Enzo Enea rather than on the sidewalk.
The park is public. That is worth knowing: the setting is shared with the neighborhood, and the privacy of the residences is achieved by the gardens and the elevation rather than by a wall.
One tower holds ~52 boutique residences, entered from private elevator landings, with RAMSA interiors: Parquet de Versailles floors, oak and white stone. The other holds ~24 resort residences, delivered furnished, beside the hotel and the private club. Each tower has two duplex penthouses with private rooftops and lap pools.
These are two different purchases. The boutique tower is for an owner who will live there or use it for long stays. The resort tower is the turnkey proposition for an owner who is absent for months at a time and wants the hotel's services and, possibly, its rental program. The choice between them is the first question, before any discussion of floor.
Your situation is specific. Tell the desk in one message and we will say what applies to you, what does not, and who to speak with.
A 42-key boutique hotel in a restored Art Deco building, a private members' club with spa, and ~15,000 square feet of street-level retail sit alongside the residences. This brings service and activity to a quiet corner, and it also brings the public. A buyer who wants the isolation of a pure residential building should weigh that; a buyer who wants a restaurant downstairs and a club membership will see it as the point.
Witkoff with Ocean Terrace Holdings, RAMSA for interiors, Revuelta Architecture International for the towers, Enea for the gardens, Raymond Jungles for the park, Douglas Elliman for sales. Witkoff and RAMSA are also the team behind The Shore Club Private Collection in South Beach, which is the natural comparison: same interior hand, different site, different scale.
Which tower, for how you will use it. Which lines in the boutique tower face the ocean and which face the park and the bay, and how the pricing reflects that. What the resort tower's rental program actually provides and costs. The deposit schedule and the estimated delivery. The developer's delivered record in Miami.
The desk holds the deposit schedule, the availability sheet and the floor plan analysis for Ocean Terrace and releases them on request. The public dossier is at /oceanterrace/.
Your situation is specific. Tell the desk in one message and we will say what applies to you, what does not, and who to speak with.
This note is general information for people considering Miami, written by a real estate desk, not by a law or accounting firm. Nothing here is legal, tax, immigration or investment advice, and it is not a substitute for advice on your own circumstances. Rules change, treaties differ by country, and the right answer for one family is the wrong answer for another.
Speak with your own attorney and CPA before you commit to anything. If you do not have one who works with international buyers in Florida, the desk is glad to recommend an attorney, a CPA or an adviser suited to your situation, and to sit in the first conversation so that nothing is lost in translation.
Structure, financing, currency, timing, the right building and the right line: the desk works through these questions with international buyers every week, and the answer is nearly always that it can be done, in order, without surprises. If Miami is on your mind, as a home or as an allocation, we would be glad to share what we are seeing, privately, and to start with the question this note did not answer.