Own South Beach · South of Fifth

Ocean Place

226 Ocean Dr · Built 2003 · 8 floors · 25 residences

Recently sold (6)
For sale
0
0 pending
Sold, 12 months
3
6 recorded sales
Last sale
$685K
Sep 3, 2026
Last sale, per sqft
$947/sqft
$1,316/sqft sold, 12 mo
Ocean Place
Listing photo · courtesy of Compass Florida, LLC · MLS #A11987717
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3 sold in the last 12 months. Get an email the moment a unit lists here — and our team will reach out so you can move first.

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Designed by Arquitectonica, Ocean Place is situated in the South of Fifth community. The building offers a polished style in a location near South Pointe Park and various dining options.

Residents have access to boutique amenities including a pool, jacuzzi, fitness center, and a clubroom. The building provides 24-hour security and concierge services.

Live near more of Miami

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

Distances are straight-line, not walking or driving.

Getting around

South Beach is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

Ocean DriveLincoln RoadSouth Pointe ParkMiami Beach BoardwalkEspañola Way
68
/ 100
B+
own.miami Score

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

Value47
$1,316/sqft — vs. South Beach condos, then all of Miami
Momentum1
-40.8% $/sqft over 6 months
Liquidity94
0.0 months of supply
Health100
Public records checked — no liens, lawsuits or complaints on file
Waterfront90
Waterfront building
Age59
Built 2003 — vs. South Beach buildings
own.miami Condo Index
148Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#143 of 698 tracked Miami condos
Top 20% by price per sq ft
#28 of 121 in South Beach
Momentum
↓ Cooling
$1,316/sqft median ask
Liquidity
Hot
See the full Condo Index →

Inventory

Sold $/sqft trend

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

$1162$1596$2029Mar 2024May 2025Nov 2025Jan 2026Sep 2026

Location

Nearby buildings within half a mile.

Building facts

Address
226 Ocean Dr
Year built
2003
Floors
8
Residences
25
Developer
226 Ocean Drive, Ltd.
Waterfront
Yes

Amenities

  • · Concierge
  • · 24-hour security
  • · Pool
  • · Jacuzzi
  • · Fitness center
  • · Clubroom

Building rules

Parking
The building offers assigned covered parking.

Special assessments & recertification outlook

Watch

Public records checked Oct 31, 2026: no liens, lawsuits or regulatory complaints found for the association.

  • Built 2003 — its first 25-year structural milestone inspection is due around 2028

Estimated from Ocean Place’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 Ocean Place: recorded purchase mortgages, the down payments they accepted, and the programmes in use.

14Mostly cash
Mortgages recorded, 12 months
0
0 from banks and credit unions · purchases and refinances
Sales bank-financed
0%
3 recorded sales, 12 months · Resales only
Average down payment
—
Lowest down payment accepted
—

Low confidence — few loans · 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 South 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
6.9 ft
Lowest nearby street
5.3 ft
Highest predicted tide, 2026
1.0 ft

Elevations in feet above the NAVD88 datum.

The lowest street next to this building sits 4.3 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 thisCompare neighborhoods

Frequently asked

Is Ocean Place a waterfront building?+

Yes — Ocean Place is a waterfront building (South Beach).

When was Ocean Place built?+

Ocean Place was built in 2003, 8 stories, 25 residences.

Who developed Ocean Place?+

Ocean Place was developed by 226 Ocean Drive, Ltd..

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