The project
Ocean Terrace Residences is a new construction development in Miami Beach, Miami-Dade County. As of our latest review, the project is under construction. Estimated completion is Q4 2028-Q1 2029 (est.). Two oceanfront towers in North Beach with 52 boutique condominium residences from about $6.3M plus a boutique hotel and resort residences.
For buyers considering Ocean Terrace Residences, the practical questions are the same as for any new construction project: current pricing and availability, deposit structure, the completion timeline, and how the finished product will compare to the resale market. We represent buyers across Miami-Dade County and can request current documents directly from the sales team.
Project snapshot
Ocean Terrace Residences at a glance.
The facts below are drawn from this guide and from the developer's published materials. Where a fact is not verified, the page says so plainly rather than guessing.
- Location / County
- Miami Beach, Miami-Dade County
- Residence types
- Condominiums
- Status
- Under Construction
- Estimated completion
- Q4 2028-Q1 2029 (est.)
- Published pricing
- From ~$6.3M
- Developer
- Witkoff Group & Ocean Terrace Holdings
- Rental restrictions
- Contact for current information
Information reviewed October 2026. Prices, availability, and completion dates change frequently. Confirm current terms with the developer or a licensed advisor.
- Developer and hotel-resort program: Source: Official project website, verified October 2026
- 52 condos plus 24 resort residences in a 20-story tower: Source: Official project materials, verified October 2026
- Architecture by Revuelta; interiors by Robert A.M. Stern Architects: Source: PROFILEmiami and official materials, verified October 2026
- $200M+ presales at October 2025 launch: Source: The Real Deal reporting, October 2025
- Completion targeted 2029: Source: Robb Report and project reporting, verified October 2026
Sources consulted for this guide
- Ocean Terrace Residences official website
- The Real Deal sales launch, October 2025
- Robb Report first look
- PROFILEmiami renderings release, March 2026
Source links open in a new tab and are provided for verification only. Facts carry the verification date recorded above; prices, availability, and timelines change and require sales-gallery confirmation.
Verified facts carry the source links above, each pointing to the original public source where one is available. Everything else on this page is marked Not verified or Contact for current information. This page never hosts or hotlinks external files, renderings, brochures, or floor plans; where a document exists only on the developer's site, the source link above is the reference.
At a glance
Ocean Terrace Residences in Miami Beach, in numbers.
County
Miami-Dade
City
Miami Beach
Neighborhood
Miami BeachDeveloper
Witkoff Group & Ocean Terrace Holdings
Address
740-7430 Ocean Terrace, Miami Beach
Price range
From ~$6.3M
Starting price
From ~$6.3M
Residences
76 residences (52 condos + 24 resort residences)
Floors
20
Sales availability
Sales launched October 2025 with $200M+ in presales; groundbreaking not yet occurred
Est. completion
2029 (est.)
Residence types
3-5 bedroom oceanfront residences, Resort residences, Penthouses
Construction status
Pre-Construction
Property category
Condominium
Design & architecture
Architecture by Revuelta Architecture International; interiors by Robert A.M. Stern Architects; landscape by Enzo Enea
Official website
Official project siteGallery
Renderings and interiors.
Developer renderings and interior imagery are updated as phases release. Current documents are shared privately with registered buyers.
Interior renderings on request
Floor plans on request
Pricing & availability
What Ocean Terrace Residences costs today.
The advertised starting price is the developer's published entry point. Available units, real pricing bands, and incentives change as phases sell, so we confirm current terms with the sales team before you commit capital.
- Advertised starting price
- From ~$6.3M
- Published price range
- From ~$6.3M
- Available units / sales status
- Sales launched October 2025 with $200M+ in presales; groundbreaking not yet occurred
- Price by bedroom configuration
- Condos from ~$6.3M, ranging to ~$18.5M; resort residences launched March 2026 from ~$3.5M
- Penthouse pricing
- Contact for current information
- Deposit schedule
- Contact for current information
- Developer incentives
- Contact for current information
Current pricing sheet for Ocean Terrace Residences.
Price lists, deposit schedules, and any developer incentives are shared privately with registered buyers after the sales team confirms today's numbers.
Request current pricingWhere a number is not published on this page, the row reads Contact for current information rather than guessing. Never treat an advertised starting price as the price of a specific available unit.
Architecture & residences
The building and residences at Ocean Terrace Residences.
The building profile below records what this page verifies about the tower and its residences: floor counts, unit mix, dimensions, finishes, and views. Anything the page does not state is marked Not verified rather than guessed. Layouts, dimensions, and pricing change as phases sell, so current floor plan documents, view matrices, and availability are shared with registered buyers.
- Towers / floors
- 20
- Total residences
- 76 residences (52 condos + 24 resort residences)
- Residence types
- 3-5 bedroom oceanfront residences, Resort residences, Penthouses
- Square footage
- Contact for current information
- Ceiling heights
- Not verified
- Finishes
- Not verified
- Kitchens
- Not verified
- Baths
- Not verified
- Smart-home features
- Not verified
- Parking & storage
- Not verified
- Views
- Oceanfront between 74th and 75th Streets with ~350 ft of beach frontage
The floor plans at Ocean Terrace Residences.
Layouts, dimensions, and pricing change as phases sell. We share current floor plan documents, view matrices, and availability with registered buyers.
Studio & One Bedroom
Studio-1 bedroom · On request
Entry residences; current floor plans and dimensions are shared privately with registered buyers.
Two Bedroom
2 bedroom · On request
Two-bedroom layouts with current availability confirmed by the sales team.
Three Bedroom & Larger
3+ bedroom · On request
Larger residences and penthouses; floor plans and view matrices on request.
Full floor plan documents, view matrices, and current availability are shared privately with registered buyers.
Request floor plansAmenities & lifestyle
The amenity program at Ocean Terrace Residences.
The list below records every amenity this page verifies for the project. Where the status of an amenity is not documented on this page, confirm with the sales team whether it is planned or already operating before you rely on it.
No amenity program is verified on this page for Ocean Terrace Residences yet. Current amenity documents are shared privately with registered buyers.
Construction & completion
Where Ocean Terrace Residences stands today.
Completion dates on new construction are estimates, not promises: they shift with permitting, financing, and the pace of the build. Announced milestones below are the ones this page records; anything unverified is marked plainly, and the current timeline should be confirmed with the developer before you plan around it.
- Construction status
- Pre-Construction
- Estimated completion
- 2029 (est.)
- Announced milestones
- Sales launched October 2025 with $200M+ in presales; groundbreaking expected around 2026-2027; completion targeted 2029
Estimated completion is the developer's target as recorded on this page and is not a verified delivery date. Where the timeline is not verified, current scheduling requires confirmation with the project's sales team.
Location & neighborhood
Where Ocean Terrace Residences sits.
Address, neighborhood position, and nearby attractions below are recorded from this page's own project notes. Drive times, walk scores, and ratings are never invented on this site; where they are not documented here, the community guide is the best next step.
- Street address
- 740-7430 Ocean Terrace, Miami Beach
- City
- Miami Beach
- County
- Miami-Dade
- Neighborhood
- Miami Beach
- Position & nearby
- North Beach, Miami Beach, one block north of the 79th Street Causeway corridor
- Transport notes
- Not stated on this page
Community guide
Miami Beach
Explore Miami Beach living, dining, and market context in the full community guide.
Explore the areaOwnership considerations
What to know before you commit.
General guidance for new construction buyers. Building-specific details are marked "Not verified" where they have not been confirmed for this project.
- Short-term rental policy
- Not verified on this page; rental rules are confirmed in the governing documents before you commit
- Minimum rental period
- Not verified
- Leasing / owner-occupancy rules
- Not verified; confirm current leasing and occupancy terms with the sales team
- HOA / condo fees
- Not published on this page; request the current budget before you commit
- Financing notes
- Not verified on this page; the deposit schedule above records the financing model this page states for the project, and loan terms are confirmed before contract
Closing costs
Florida buyer closing costs typically include title insurance, lender fees, county recording charges, prorated property taxes, and Florida documentary stamp tax on the purchase price. The exact figure for this project is not published on this page, so confirm the current estimate before you sign. Not verified.
Not verified
HOA and condo fees
New developments typically assess monthly HOA or condominium fees covering common areas, amenities, insurance, and building staff, with special assessments possible for capital projects. Monthly fees for this project are not published on this page; request the current budget. Not verified.
Not verified
Deposit process
Pre-construction purchases in Florida commonly require staged deposits across contract, groundbreaking, and closing milestones, held in escrow. The exact schedule for this project should be confirmed in writing with the developer before you commit. Not verified.
Not verified
Flood and wind insurance
Coastal Florida properties carry flood and windstorm insurance requirements that can add meaningfully to monthly carrying costs, and premiums have risen across the state. The current premium profile for this project is not published on this page; confirm with an insurance advisor. Not verified.
Not verified
Buyer questions
Ocean Terrace Residences, answered.
Pricing, deposits, timelines, the developer, and the investment case, answered directly. For the broader picture on South Florida new construction, browse the full FAQ hub.
New Construction South Florida FAQsWhat is the construction status of Ocean Terrace Residences?
As of our latest review, Ocean Terrace Residences is under construction. Status changes as construction advances, and we confirm the current position with the sales team before sharing it with buyers.
When will Ocean Terrace Residences be completed?
Estimated completion for Ocean Terrace Residences is Q4 2028-Q1 2029 (est.). Delivery dates are developer estimates and shift with permitting and construction, so we confirm the current schedule before you plan around it.
What are the current prices at Ocean Terrace Residences?
Current pricing for Ocean Terrace Residences starts at From ~$6.3M. Price lists change as phases sell, so we confirm today's numbers and availability directly with the sales team for registered buyers.
What is the typical deposit structure for pre-construction in Miami-Dade County?
Most developers in Miami-Dade County structure deposits at 20% to 30% of the purchase price, paid in installments across construction milestones: commonly 10% at contract, then additional payments at groundbreaking, topping out, and closing. Deposits are held in escrow, and the exact schedule is negotiated in the purchase agreement.
How do I get floor plans and current availability for Ocean Terrace Residences?
Floor plan documents, view matrices, and current availability are shared privately with registered buyers. Tell us which layouts and views interest you, and we will request the current documents from the sales team.
Can I rent out a residence at Ocean Terrace Residences?
Rental eligibility at Ocean Terrace Residences was not verified at the time of our latest review. New-construction buildings and communities in Florida often restrict short-term rentals or set minimum lease terms, so rental rules are confirmed in the governing documents before you commit. Contact for current information on this project's rental policies.
Explore Miami Beach
Keep exploring Ocean Terrace Residences's market.
Pre-construction access
Request pricing & floor plans for Ocean Terrace Residences.
Tell us the floor plans and views you are considering, and we will respond with current availability, pricing, deposit structure, and the contract terms that matter before you commit. Complete discretion, no obligation.
Current availability and pricing across the project
Deposit structure and contract terms, negotiated for you
Honest comparison against the resale market
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