7400 Ocean Terrace sits at the northern end of Miami Beach, where the oceanfront turns to parkland. Two towers face ~350 feet of ocean frontage across ~5 acres of gardens and a new public park, with Surfside, Bal Harbour and Indian Creek a few minutes north.
This page is the transaction, not the brochure. What the developer has stated about Ocean Terrace, how a purchase is actually structured, where the building sits, and what the desk at Miami Dossier can put in front of you within the hour. Contact the desk at Miami Dossier for the current position on any building we cover.
Ocean Terrace is described here as the developer describes it, row by row, with nothing added. Where a row is missing it is because the developer has not stated it, not because the desk has an opinion about it.
Development. Witkoff · Ocean Terrace Holdings
Architecture. Revuelta Architecture International
Interiors. RAMSA, Robert A.M. Stern Architects
Landscape. Enea Landscape Architecture · Ocean Terrace Park by Raymond Jungles
Residences. ~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
Position. 7400 Ocean Terrace, North Beach · ~350 feet of ocean frontage · ~5 acres of parkland, adjoining Altos del Mar and North Beach Oceanside Park
Design. Curved glass towers following the coastline, private elevator landings, floor to ceiling glass, Parquet de Versailles floors, oak and white stone
Program. 42 key boutique hotel in a restored Art Deco building, private members' club with spa, ~15,000 square feet of street level retail
Amenity. Fifth floor Ocean Terrace with ~75 foot lap pool, therapy pool, garden cabanas, sunrise restaurant and pool bar · lobby, library, tea room, morning garden, indoor outdoor fitness center, spa
Entry price. From $3,250,000 as published by the developer. Current pricing and availability are released on request.
A purchase at a building like this runs in a fixed order. A reservation holds a residence while the purchase agreement and the condominium documents are read. The contract is signed with the developer, and Florida law gives the buyer of a new condominium fifteen days after signing and receiving the documents to cancel without penalty. Deposits are then staged through construction rather than paid at once, and closing happens when the building is complete and the residence can be delivered.
Deposits are held in escrow under Florida law, and the portion above ten per cent may be released to the developer for construction if the contract says so. Which schedule applies, how many stages there are and when each falls due is set by the developer for each release, and it changes. The desk quotes the current schedule on request rather than printing one that will be out of date within the month.
What is fixed is the shape: reserve, read, sign, stage the deposits, close on delivery. What moves is the schedule and the inventory, and those are the two things the desk keeps current.
Witkoff and Ocean Terrace Holdings brought RAMSA, Robert A.M. Stern Architects, for the interiors and Revuelta Architecture International for the towers, with gardens by Enzo Enea and a park by Raymond Jungles. ~52 boutique residences in one tower, ~24 furnished resort residences in the other, alongside a 42-key hotel and a private club. What follows is the record, and our read of it.
The dossier on Ocean Terrace carries the full record, the plans as issued and the position on the map. This page is the transaction; the dossier is the building.
The current availability as the developer releases it, read residence by residence rather than as a list. The deposit schedule for the release in question, with the dates. The plan sheets for the lines that fit the brief. The association budget and the documents a buyer’s attorney will want before the fifteen days run.
None of this is on the page because all of it changes. Write to the desk at Miami Dossier with the building and the questions, and the reply already carries the answers.
The purchase agreement is the developer’s document and is read with a Florida real estate attorney, not with the sales gallery. The condominium documents set the budget, the assessments and the rules, and they are read before the fifteen days end, not after. The delivery date is whatever the developer currently states in its own material; it is a statement, not a promise, and the desk reports it as stated with the date it was stated.
The desk describes the building and structures the purchase. It does not forecast the market, rank buildings or tell anyone what to avoid. Where a question is legal or tax, the desk introduces independent advisers rather than answering it.
This is the desk at Miami Dossier, a real estate desk covering the Miami market. It reads the developer’s documents, keeps the current position on every building it covers, and structures a purchase so that the property side is not the part that goes wrong.
A private report on the Miami market, sent when there is something worth knowing. No noise, no listings, no pressure.
Received. A note from the desk is on its way. If it has not arrived within a few minutes, please check your spam folder and mark it as not spam, so we can reach you.
Nothing on this page is legal, tax or investment advice, and every figure is as the developer stated it on the date noted. Contact the desk at Miami Dossier and we will go through the current position on Ocean Terrace, the deposit schedule for the release in question and what is actually available. Where a question is legal, tax or immigration, we introduce you to advisers who handle that properly rather than answering it ourselves.
