Ocean House Sells Out Two-Thirds and Still Gaining Steam
by Sep Niakan | 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.
Need more information on the Ocean House at South Beach? Click here.
Impressed already? Call us now at 305-725-0566
by Sep Niakan | February 22, 2017
A previous blog on how a petition to privatize an alley adjacent to Cité Condo sparked rumors of a new hotel coming to Edgewater did spark another thought process. It seems the latest trend for developments in Edgewater is to either be a...
by Sep Niakan | February 15, 2017
Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...
by Sep Niakan | February 14, 2017
Valentine’s is just around the corner, and while most people equate Valentine’s Day with romantic love, I prefer to celebrate love in a broader sense. To me, it’s more about celebrating bonds and relationships of all kinds,...
by Sep Niakan | February 12, 2017
If you thought living in Downtown Miami was a distant dream, think again. 2017 comes bearing great news for those who’ve always wanted to live close to the urban core but couldn’t afford it. You will now be able to rent a Downtown Miami...