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.

South of Fifth Condos Miami Beach

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 DateMiami Beach CondoMiami Beach Condo Living Area Sales Price SP$/SqFt
11/18/2011120 JEFFERSON AV # 12017The Courts at South Beach1,430$645,000 $451
11/17/2011425 MERIDIAN AV # 11Meridian 51,178$565,000 $480
11/14/201150 S POINTE DR # 2003Continuum On South Beach1,451$1,550,000 $1,068
11/14/201150 S POINTE DR # 2403CONTINUUM ON SOUTH BEACH1,992$2,250,000 $1,130
11/10/2011450 Alton # 3606ICON South Beach1,452$762,000 $525
11/3/2011300 S POINTE DR # 405PORTOFINO TOWERS2,340$980,000 $419
11/1/201190 ALTON RD # 2503YARCH CLUB AT PORTOFINO1,080$500,000 $463
10/27/2011300 S POINTE DR # 805Portofino2,340$1,225,000 $524
10/27/2011800 S POINTE DR # 1603Apogee2,756$6,000,000 $2,177
10/25/2011100 S POINTE DR # 705CONTINUUM1,869$1,750,000 $936
10/14/20111000 S POINTE DR # 2104MURANO AT PORTOFINO2,190$2,250,000 $1,027
10/14/2011100 JEFFERSON AV # 10015THE COURTS AT SOUTH BEACH2,090$699,000 $334
10/14/2011140 JEFFERSON AV # 14011THE COURTS AT SOUTH BEACH1,220$529,000 $434
10/10/2011100 S POINTE DR # 3004CONTINUUM ON SOUTH BEACH2,508$3,495,000 $1,394
10/7/201190 ALTON RD # 1111The Yacht Club1,130$500,000 $442
10/6/2011400 S POINTE DR # 1110SOUTH POINTE TOWERS1,559$860,000 $552
10/6/2011300 S POINTE DR # 709PORTOFINO TOWER1,090$570,000 $523
9/30/2011730 3 ST # 201Armitage Place2,290$780,000 $341
9/29/201150 S POINTE DR # 1606Continuum North1,698$1,500,000 $883
9/29/2011400 ALTON RD # 2206Murano Grande2,024$1,418,000 $701
9/27/201150 S POINTE DR # 2205Continuum North Tower1,862$2,300,000 $1,235
9/26/201190 ALTON RD # 3010YACHT CLUB AT PORTOFINO1,090$710,000 $651

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