Own Mid-Beach & North Beach · Mid-Beach

57 Ocean

5775 Collins Ave · Built 2021 · 18 floors · 69 residences

3 for sale

For sale

0 pending · 12.0 mo supply

Median asking

$2.95M

from $2.9M

Median $/sqft

$2,466/sqft

$2,253/sqft sold, 12 mo

Days on market

168 to sell · 3 in 12 mo

Situated on the prestigious Millionaire's Row, 57 Ocean is a boutique oceanfront building featuring 69 residences. The property offers direct access to 220 feet of private beach and provides residents with expansive views of the ocean, Biscayne Bay, and the downtown Miami skyline.

The building is characterized by its high-end design and extensive amenities. Common areas include multiple oceanfront and sunset pools, a wellness spa with indoor and outdoor experiences, a fitness center by Technogym, and a library. Additional building features include a club room with a professional-grade kitchen, a children's room, and a poolside bar.

Residents have access to comprehensive services including 24-hour concierge, valet, and beach services. The property also features a private meditation and massage room, an outdoor wooden infrared sauna, and a dedicated social lounge.

Live near more of Miami

What surrounds 57 Ocean: seasonal events, annual programs and lifestyle indexes, measured from the building.

Miami Art Week 2026Upcoming

1 exhibitions within 1 mile

Art Week Score 18 · #73 in Mid-Beach & North Beach

#73 in Mid-Beach & North Beach · #355 in Miami

Nearest: Jillian Mayer: Mayer Objects, 0.8 mi away

Explore nearby exhibitions See Mid-Beach & North Beach ranking

1 exhibitions nearby

Jillian Mayer: Mayer Objects ↗0.8 mi

Flanigan's IndexLive now

26 / 100

Nearest Flanigan's: Flanigan's Seafood Bar and Grill (Surfside), 3.2 mi

#53 in Mid-Beach & North Beach · #379 in Miami

Close enough to make it a habit, far enough to call it an outing.

View Miami rankings See Mid-Beach & North Beach ranking

1 Flanigan's locations nearby

Flanigan's Seafood Bar and Grill (Surfside) ↗3.2 mi

Publix IndexLive now

34 / 100

Nearest Publix: Publix at Publix at North Shore, 1.0 mi

#55 in Mid-Beach & North Beach · #638 in Miami

Bike-basket-of-groceries distance.

View Miami rankings See Mid-Beach & North Beach ranking

1 Publix stores nearby

Publix at Publix at North Shore ↗1.0 mi

Distances are straight-line, not walking or driving.

Getting around

Mid-Beach & North Beach is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Miami Beach BoardwalkFaena DistrictFontainebleauNorth Shore Open Space ParkNormandy Isle ParkLa Gorce Country ClubCollins Avenue

/ 100

B+

own.miami Score

A data-grounded score for 57 Ocean from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.

Value5

$2,466/sqft — vs. Mid-Beach & North Beach condos, then all of Miami

Momentum95

+36.5% $/sqft over 6 months

Liquidity68

12.0 months of supply · 1 days on market

Health73

2 verified records: DBPR complaints

Waterfront90

Waterfront building

Age91

Built 2021 — vs. Mid-Beach & North Beach buildings

own.miami Condo Index

226Premium100 = the median Miami condo building's price per sq ft; 200 = twice it.

Rank

#45 of 698 tracked Miami condos

Top 6% by price per sq ft

#6 of 85 in Mid-Beach & North Beach

Momentum

↑ Rising

$2,466/sqft median ask

Liquidity

Warm

See the full Condo Index →

Want the inside track on 57 Ocean?

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Sold $/sqft trend

3-month rolling median of closed sales in 57 Ocean; bars are closings per month.

Location

Nearby buildings within half a mile.

Building facts

Address: 5775 Collins Ave
Year built: 2021
Floors: 18
Residences: 69
Developer: Multiplan Real Estate Asset Management
Waterfront: Yes

Developed by

Multiplan Real Estate Asset Management

Ranks #1 of 1 scored Multiplan Real Estate Asset Management buildings
Asking $2,466/sqft here vs $2,302/sqft across the developer's portfolio
22% of the developer's portfolio has no adverse verified record
All 3 buildings by this developer

Amenities

· Pool
· Spa
· Fitness center
· Concierge
· Beach service
· Library
· Club room
· Sauna
· Poolside bar
· Kids' room
· Valet
· Security
· Private chef
· Meditation & massage room

Building rules

Parking: The building offers valet parking and some units include assigned parking spaces.

Special assessments & recertification outlook

Watch

Public records checked Oct 30, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).

Verified records

PositiveBank financingOct 31, 2026
Regulated lenders recorded 3 purchase or refinance loans on this building in the last 12 months, financing 50% of its recorded sales, and accepted a down payment as low as 20%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 64/100.
Source: Miami-Dade Clerk official records
WatchDBPR complaintsJan 1, 2025
Florida DBPR Division of Condominiums public complaint record for association licence MA71868: 1 complaint in the last 36 months (1 open, 0 with discipline, 0 closed with a letter). A complaint is an allegation; only dispositions are findings. Investigations are confidential and not counted.
Source: health.src.dbpr

Verified: open or disciplined DBPR complaints against the association
Built 2021 — its first 25-year structural milestone inspection is due around 2046

Estimated from 57 Ocean’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Financeability

What the banks say about 57 Ocean: recorded purchase mortgages, the down payments they accepted, and the programmes in use.

64Financeable

Regulated lenders are writing purchase loans here at ordinary down payments — their due diligence on reserves, insurance and litigation, verified by the public record.

Mortgages recorded, 12 months: 3; 3 from banks and credit unions · purchases and refinances
Sales bank-financed: 50%; 4 recorded sales, 12 months · Resales only
Average down payment: 35.8%
Lowest down payment accepted: 20%

Loan programmes, 24 months:Conventional 3

High confidence · As of 2026-10-31

Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Mid-Beach & North Beach

Flooding and storm surge

Public flood data at this building’s location, read Oct 22, 2026.

FEMA flood zone: Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.; Base flood elevation on the map: 8.0 ft (NGVD29).
Hurricane evacuation zone: Zone B; Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.

Ground at the building: 4.8 ft
Lowest nearby street: 4.9 ft
Highest predicted tide, 2026: 1.0 ft

Elevations in feet above the NAVD88 datum.

The lowest street next to this building sits 3.9 ft above this year’s highest predicted tide (Oct 27, 2026).

Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.

How we measure this Compare neighborhoods

Legal & Regulatory

Material litigation identified

Civil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.

Active material lawsuits: 1
Owner / association disputes: 1
Routine collection cases: 0
DBPR complaints: 1
Open DBPR complaints: 1

Construction defectsActiveassociation named as a party · Filed Jan 2025
An insurance company and the condominium association filed a lawsuit against several entities, including a piping systems company, a plumbing corporation, and a consulting firm, regarding construction defects. The case includes an amended complaint and various discovery requests and motions. Filed January 2025.
Source: Miami-Dade Clerk civil docket, summarized by own.miami

DBPR registration PR76772 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.

Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.

Frequently asked

How much do condos at 57 Ocean cost?+

There are 3 condos for sale at 57 Ocean, from $2,900,000, with a median asking price of $2,950,000 ($2,466/sqft).

How much are the HOA fees at 57 Ocean?+

HOA / maintenance fees at 57 Ocean run around $3,370 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

Is 57 Ocean a waterfront building?+

Yes — 57 Ocean is a waterfront building (Mid-Beach & North Beach).

When was 57 Ocean built?+

57 Ocean was built in 2021, 18 stories, 69 residences.

Who developed 57 Ocean?+

57 Ocean was developed by Multiplan Real Estate Asset Management.

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If you like 57 Ocean, compare

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L'Atelier

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