57 Ocean Reports Over $90 Million Sold In 90 Days

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With completion slated for Fall 2021, 57 Ocean, the ultra-luxury oceanfront condominium on Miami Beach’s iconic Millionaire’s Row surpasses 80% in sales, despite COVID-19

57 Ocean

The highly anticipated 57 Ocean condominium on Miami Beach’s iconic Millionaire’s Row announced that it has achieved an unprecedented $90 million sold in 3 months in the midst of the global pandemic.

The developer, Multiplan Real Asset Management, and 57 Ocean’s exclusive residential brokerage, Fortune Development Sales, have reported a string of back-to-back transactions at the property – with the total amount of sales now reaching 80 percent.  In the last 90 days, over $90 million in sales have gone under contract, including five of the property’s largest units, the Sky Residences. Featuring four bedrooms, five-and-a-half bathrooms, plus service quarters, the Sky Residences feature flow-through formats with both city and ocean views and are priced from $8.5M.

To be completed Fall 2021, high-net-worth individuals have been flocking to 57 Ocean (5775 Collins Ave.) from across the globe, but primarily from New York, which accounts for over 65% percent of the tower’s domestic purchases. Buyers have singled-out the project for its unparalleled location, contemporary designs by Arquitectonica and interior architect Patricia Anastassiadis, and robust assemblage of holistic “Blue Wellness” amenities and services.

“57 Ocean continues to outpace the rest of the area’s ultra-luxury condominium market,” said Marcelo Kingston, Managing Partner of Multiplan REAM.   “Our buyers understand the unprecedented value of living on the ocean in a brand-new, state-of-the-art boutique building that is not only well-sited in a tranquil, family-friendly neighborhood, but has such a distinct focus on holistic wellness. This project exceeds all expectations.”

“There’s no doubt that 57 Ocean is one of the most highly anticipated projects to enter the global prime property market,” said Edgardo Defortuna, President and CEO of Fortune International Group, the exclusive broker of 57 Ocean. “As evidenced by the sales momentum, the excitement only continues to build among well-heeled homebuyers who are increasingly attracted to some of 57 Ocean’s largest, flow-through floorplans -- the spectacular Sky Residences.”

The crown jewel of Millionaire’s Row, 57 Ocean recently announced the virtual unveiling of its $38 million penthouse, likened to a glittering, glass-adorned retreat in the sky.  The video realistically captures the property’s best features -- including 360-degree ocean, pearl white beaches, Intracoastal and vibrant city views from the 7,100+ square feet of outdoor terraces, along with airy, sunlit and spacious living areas -- each beautifully designed to maximize a seamless connection to the outdoors by Sofia Joelsson of Sofia Joelsson Design. Viewing the video, buyers can seemingly walk the halls of the 7,800+ square foot five bedroom, plus den, and six full bath home, receiving a personal guided tour that showcases the lifestyle and one-of-a-kind moments that are exemplary of what daily life in the penthouse entails.

57 Ocean is the brainchild of Dr. José Isaac Peres, Multiplan Real Estate Asset Management’s founder and one of the most globally acclaimed developers.  The condominium will offer two to four-bedroom residences, starting at $1.5 million with sizes ranging from 1,200 to 3,600+ square feet, as well as 18 flow-through Sky Residences. The well-appointed homes will feature expansive terraces, each stretching 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform.

Five-star amenities will include a holistic spa by One Ocean Beauty and products from its marine-based skincare line, a wellness pavilion with a thermal suite and a relaxation and meditation area, along with poolside treatment cabanas, a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.

Fortune Development Sales is the exclusive residential brokerage. For additional information, call 305-783-2725 or visit www.57ocean.com.

Photo credit: DBOX

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