The formerly named South Of Fifth boutique condo building located at 125 Ocean Drive, has changed the it's official name, retrofitted the floor plans, and introduced a revised pricing schedule starting below $1,400 per square foot.For further information, as well as updated floorplans and pricing, please visit our updated Ocean House Condos webpage (click here).
This is a beautiful Oceanfront Boutique luxury buidling on the Ocean (Eastern) side of Ocean Drive where the island of Miami Beach forms a narrow strip from East to West, in the trendy South of Fifth neighborhood on Miami Beach. Originally completed in late 2008, The Ocean House boutique condominium buildings (formerly South of Fifth) is located just North of The Continuum South Beach condos, right next door to the Bentley Hilton luxury condos/hotel (also formerly known at Bentley Beach). This is a PREMIUM location, on the Ocean where a wide area of prime Beach intersects the newly renewed South Pointe Park and the Nikki Beach Complex. Almost across the street is the Prime One Twelve steak house, and the popular Penrods entertainment and nightclub complex on Ocean Drive. According to public records, the original Develpment cost of the former South of Fifth luxury condominiums was well over $70 million in 2006. Construction on the three-building project located at 121-135 Ocean Drive began in December 2006 just as the South Florida real estate market was beginning to turn towards a Buyer's market.
The term popularized as "South Beach" in the early 1990's is an approximately 26-block long neighborhood in the barrier island city of Miami Beach that stretches from South Pointe Drive north to 26th Street, the Atlantic Ocean west to the Venetian Islands. During the the real estate market upturn, which lasted until approximately 2007, a variety of national and international developers created over 30 mostly luxury waterfront buildings with over 5,000 luxury condominiums built in the "South Beach" area neighborhood. One of the very first contemporary, large scale luxury waqterfront buildings built in the area were The Portofino Tower condominiums (completed in 1997), next to South Pointe Park at the southernmost tip of Miami Beach.
As we head into the high Winter Season of 2011/2012 in Miami Beach, it should be noted that the available listing inventory for "South Beach" luxury waterfront condominiums is down by over 70% percent from the market lows of early 2009. According to Miami-Dade public records, a variety of high net worth Buyers purchased just under 40 new ultra-luxury condominiums for over $50 million - an average price of more than $1,275 per square foot - during the second quarter of 2011.
Situated directly on prime oceanfront property in South Beach’s red-hot South of Fifth Street neighborhood, South of Fifth is an unprecedented, luxurious, courtyard-style development that offers 28 flow-through and oceanfront residences, which act as a stylish alternative to the high-rise condominium lifestyle. Each residence offers an open-plan design that inspires a modern and expansive estate-style oceanfront condominium. With its intimate 28-unit setting, residents will receive unparalleled service and attention to detail. This boutique oceanfront development in Miami Beach consists of ten lofts, twelve condominiums, three penthouses, three cabanas and three two-story beach houses.
Experience the true luxury living at Ocean House Condominiums. With floor-to-ceiling windows you can enjoy the spectacular views of the Atlantic ocean. Designed by the architect Nichols Brosch Sandoval & Associates, each residence is accented with the finest details such as European cabinetry, granite countertops, and much more.South of Fifth neighborhood residents are just few blocks away from the newly opened Shops at 5th and Alton, and minutes away from the luxury shops of Bal Harbour. The most popular South Beach restaurants are all within the walking distance- such as Smith & Wollensky steakhouse inside South Pointe Park, China Grill, and Prime Italian.
Each open-planned residence is designer ready, and is a canvas meant to inspire the creation of a truly unique, modern, and luxurious oceanfront residence. The massive flowing spaces are innovative smart living platforms with direct ocean views, located in the heart of Miami Beach's South of Fifth Street district. The combined buildings are a unique architectural masterpiece, allowing for a luxury lifestyle combining the privacy of a boutique condominium building and ultra luxury amenities, meant for the most discriminating of owners.
The South of Fifth street area (SoFi) has the most affluent and exclusive condominium buildings built on Miami Beach in the past few years. SoFi (as locals call the area), is a prestigious waterfront neighborhood that connects the intercoastal to the ocean, offers the seclusion of luxury living with its own unique offering of pristine landscaping, renowned restaurants and access to the Miami Beach Marina. The area is home to several acclaimed restaurants including Prime 112, Nemo, Big Pink for casual dining, Joe’s Stone Crabs, Smith & Wollensky and Shoji Sushi. The glittering glass towers of the area include the large resort-like condominium buildings such as The Murano at Portofino, The Continuum North Tower, Apogee, The Murano Grande, Icon South Beach, and the Portofino Tower.
Ocean House Condominiums (formerly South of Fifth) Feature: