Ocean House Sells Out Two-Thirds and Still Gaining Steam
Dec 12, 2012 December 12, 2012
Ocean House has recently joined the ranks of condo buildings that are shouting out about Miami’s real estate success story from the rooftops. A year after its premier in October, 2011 and just about six months after having officially re-launched in May, 2012, the 125 Ocean Drive boutique-style building has already sold out two-thirds of its units.
iStar Residential, owner and developer of this South Beach property, has made quite the comeback with its soaring sales ever since its property loan of $73 million went into foreclosure back in 2009. With 13 of its 28 residences being sold at an average price of $5.3 million per unit by October and one of the units fetching almost $6 million in September, here’s a look at possibly why buyers just can’t keep their hands off this South Beach property:
- Exclusivity comes enwrapped in a boutique-style low-rise that sits on pristine oceanfront in the swanky South of Fifth neighborhood.
- Offering easy access to various upscale dining, shopping, nightlife, cultural and entertainment options such as Joe’s Stone Crab and Prime One Twelve, the residences ensure privacy with connectivity.
- Alison Antrobus’ interior design refurbishing has added to the appeal of this already charming building by presenting a harmonious mix of modern elements displayed in muted natural tones entwining with elements from its Art Deco past to create a casual, yet graceful ambience.
- Special amenities such as pet spa services, Intelity® online concierge services, beachfront jogging path, private cabanas and more add to the allure of its ultra-luxury, South of Fifth condominiums.
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