Most buyers of new Miami towers do not live in Miami. At Ocean Terrace the purchase works the same from anywhere; what changes is the paperwork around the money and the title.
This page is a framework. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
Deposits are wired to the escrow agent named in the contract in US dollars; the developer never takes cash and the escrow agent will ask for the source of funds under US rules. A buyer abroad opens or uses a US-dollar account early, because the first deposit is usually due within days of signing.
Ocean Terrace: The deposit schedule is held by the desk and read with you before contract.
The Ocean Terrace dossier holds the developer’s published record. Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
A non-resident may hold a Florida residence personally, through a trust, or through a company, domestic or foreign. Each changes the estate-tax exposure, the income-tax treatment of rent, and the FIRPTA withholding at sale, which takes a percentage of the gross price at closing unless an exemption applies. These are structuring questions; the desk introduces counsel and an accountant before contract, not after.
Ocean Terrace: ~52 boutique residences in a 20 story tower · ~24 resort residences, furnished by RAMSA · two duplex penthouses in each tower with private rooftops and lap pools.
Contracts, disclosures and closing documents are signed remotely; notarization follows US rules for documents executed abroad. Many buyers visit once, at the sales gallery or at delivery; some never do. The desk walks the site, films the view line, and reads the documents with you by video.
Ocean Terrace: 7400 Ocean Terrace, North Beach · ~350 feet of ocean frontage · ~5 acres of parkland, adjoining Altos del Mar and North Beach Oceanside Park.
Which structure should I ask counsel about before I sign, and what will the escrow agent need from me? The desk knows the answers for this building and introduces the advisers.
The ocean is the same from any passport. The paperwork is not.
Developer materials for Ocean Terrace as carried on the live dossier, verified 2026-09-19. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.
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We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
Miami Dossier is the private buyer advisory of Metrik Real Estate, built to represent buyers in Miami pre-construction. Principal: Samuel Strauch.
A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.
