The deed says what you own. The commitment says what you own it subject to. At Ocean Terrace, here is how to read both, and what the water adds.
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A condominium buyer takes title to a residence and a share of the common elements, as the declaration describes them. New towers are usually conveyed by special warranty deed, which covers only claims from the developer’s own years of ownership. Older claims fall to the title insurer, so the owner’s policy matters more at a new building like Ocean Terrace, not less.
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.
The Ocean Terrace dossier holds the developer’s published record. Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
Before closing at Ocean Terrace, the title agent issues a commitment. One schedule lists what must happen first: the construction loan released from your residence, liens cleared, the deed recorded. The other lists the exceptions the policy will not cover. Typical ones in a new Miami tower: the declaration, easements, any shared facilities agreement with a hotel or commercial owner, city covenants, and the year’s taxes. Read each one.
Ocean Terrace: Witkoff · Ocean Terrace Holdings.
Ocean Terrace: No brand or operator is recorded for this building.
In Florida the bed of navigable water below the mean high water line belongs to the state. The upland owner holds riparian rights: access, a view, and a dock once permitted. In a condominium like Ocean Terrace those rights usually sit with the association, not with one residence. A dock may stand partly on state submerged land under a lease, and slips may be limited common elements, sold separately, or licensed on terms that can end. On a beach, the coastal construction control line limits building seaward of it.
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 exceptions will the owner’s policy carry, and can any be removed? Are the dock and slips on a submerged land lease, and how are slips allocated? Is any part of the site seaward of the control line? The desk reads the commitment for Ocean Terrace with you and introduces counsel for the legal opinion.
The deed names what you bought. The exceptions name what came with it.
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.
Metrik Real Estate is a Miami real estate company built around one idea: the buyer gets their own team. Miami Dossier is its private buyer advisory for new construction.
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