# 57 Ocean As of 2026-10-06, 57 Ocean in Mid-Beach & North Beach has 3 units for sale at a median asking price of $2.95M ($2,466/sqft); 3 units sold in the last 12 months. 57 Ocean is a boutique oceanfront condominium located on the iconic Millionaire's Row in Miami Beach. ## Key facts | | | |---|---| | Address | 5775 Collins Ave | | Neighborhood | Mid-Beach, Mid-Beach & North Beach | | Year built | 2021 | | Floors | 18 | | Units | 69 | | Waterfront | yes | | Developer | Multiplan Real Estate Asset Management | | For sale | 3 | | Pending | 0 | | Median asking price | $2,950,000 | | Median asking $/sqft | $2,466/sqft | | Sold, last 12 months | 3 | | Median sold $/sqft, 12 months | $2,253/sqft | | Months of inventory | 12.0 | | Median HOA | $3,370/mo | | Parking | The building offers valet parking and some units include assigned parking spaces. | ## Own Miami measures - **own.miami Building Score: 65 (B+)** - Value: 5 — $2,466/sqft — vs. Mid-Beach & North Beach condos, then all of Miami - Momentum: 95 — +36.5% $/sqft over 6 months - Liquidity: 68 — 12.0 months of supply · 1 days on market - Health: 73 — 2 verified records: DBPR complaints - Waterfront: 90 — Waterfront building - Age: 91 — Built 2021 — vs. Mid-Beach & North Beach buildings - **Own Miami Condo Index: 226** (premium; 100 = the market-median building, 200 = twice its $/sqft; rank 45 of 698 tracked Miami condos) - **Financeability Index: 64** (good; 12-month window, 3 recorded mortgages, 50% of sales bank-financed, lowest down payment 20%, as of 2026-10-31) - Special-assessment outlook: watch (next structural milestone inspection due 2046) ## Building health (verified public records) - Public records checked 2026-10-30 - positive: Bank financing — 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. (2026-10-31) - watch: DBPR complaints — 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. (2025-01-01) - Legal & regulatory: 1 material cases active, 1 disputes active, 1 DBPR complaints (36 months) (2026-10-21) ## Frequently asked questions **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. ## Related pages - [Mid-Beach & North Beach — neighborhood guide](https://own.miami/mid-beach-north-beach) - [All units for sale at 57 Ocean](https://own.miami/buildings/57-ocean/for-sale) - [Eighty Seven Park](https://own.miami/buildings/eighty-seven-park) - [29 Indian Creek](https://own.miami/buildings/29-indian-creek) - [L'Atelier](https://own.miami/buildings/l-atelier) - [Monaco Yacht Club & Residences](https://own.miami/buildings/monaco-yacht-club-and-residences) --- Source: Own.Miami — https://own.miami · data as of 2026-10-06 Canonical page: https://own.miami/buildings/57-ocean License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/ Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai