Own South Beach · South of Fifth

Ocean Point

345 Ocean Dr · Built 1970 · 17 floors · 236 residences

7 for sale
For sale
7
3 pending · 7.6 mo supply
Median asking
$475K
from $395K
Median $/sqft
$726/sqft
$625/sqft sold, 12 mo
Days on market
102
173 to sell · 11 in 12 mo

4 of 7 are priced $450K+ and browsable on own.miami; the stats above cover every unit for sale.

Ocean Point
Listing photo · courtesy of The Keyes Company · MLS #A12016035

Located in the heart of Miami Beach's South of Fifth neighborhood, Ocean Point is an oceanfront building situated directly on the sand. The building has undergone an extensive transformation and renovation, featuring a newly designed exterior, new roof, new elevators, and new impact windows and doors throughout.

Residents have access to resort-style amenities, including a heated oceanfront pool and pool deck, a new oceanfront fitness center, a sauna, and a community room. The building is situated just steps from Ocean Drive, South Pointe Park, and various local dining and shopping destinations. Additional features include a private gate for access to the Beach Walk and a dedicated area for surf and paddleboard storage.

Live near more of Miami

What surrounds Ocean Point: 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
66
/ 100
B+
own.miami Score

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

Value54
$726/sqft — vs. South Beach condos, then all of Miami
Momentum88
+20.7% $/sqft over 6 months
Liquidity52
7.6 months of supply · 102 days on market
Health85
Public records checked — no liens, lawsuits or complaints on file
Waterfront90
Waterfront building
Age18
Built 1970 — vs. South Beach buildings
own.miami Condo Index
100At market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#342 of 698 tracked Miami condos
Top 49% by price per sq ft
#79 of 121 in South Beach
Momentum
↑ Rising
$726/sqft median ask
Liquidity
Warm
See the full Condo Index →

The stacks

9 lines · modeled from 38 sales

Condos repeat vertically — each “line” is a stack of near-identical units up the tower. We reconstruct Ocean Point’s lines from its sale history: the floorplan, the view, and how $/sqft climbs with the floor. The best value is the -25 line.

LineLayoutSizeView$/sqftSales
-031 bd · 1 ba659 sqftSkylineWaterfront$602/sqft2
-051 bd · 1 ba662 sqftSkylineWaterfront$733/sqft2
-071 bd · 1 ba656 sqftWater ViewWaterfront$595/sqft3
-101 bd · 1 ba656 sqftOcean ViewWaterfront$800/sqft3
-111 bd · 1 ba659 sqftOcean ViewWaterfront$607/sqft3
-121 bd · 1 ba659 sqftOcean ViewWaterfront$872/sqft0
-18Studio · 1 ba407 sqftOcean ViewWaterfront$909/sqft3
-25Best valueStudio · 1 ba605 sqftOcean ViewWaterfront$591/sqft3
-261 bd · 1 ba659 sqftOcean ViewWaterfront$850/sqft2

Modeled from Ocean Point’s past listings and sales — a guide to the building’s layouts and floor premiums, not an official floor plan. “Per floor” is the average $/sqft change per floor up the stack.

What’s a unit here worth?

Pick a line and a floor — we estimate the value from Ocean Point’s own sales history.

Estimated value
$404,000
$334,000–$473,000 · $667/sqft
Moderate confidence · 3 sales

Estimate only — not an appraisal. It reflects the line and floor, not a specific unit’s condition, renovations or view obstructions.

Want the inside track on Ocean Point?

Get new listings here before the portals, and a straight answer from someone who knows the building.

Inventory

Sold $/sqft trend

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

$444$834$1223Jan 2024Sep 2024Mar 2025Sep 2025Mar 2026Aug 2026

Location

Nearby buildings within half a mile.

Building facts

Address
345 Ocean Dr
Year built
1970
Floors
17
Residences
236
Waterfront
Yes

Amenities

  • · Heated oceanfront pool
  • · Fitness center
  • · Sauna
  • · Community room
  • · 24-hour security
  • · Concierge
  • · Bicycle storage
  • · Bbq pavilion
  • · Surf/paddleboard storage

Building rules

Parking
The building offers covered parking, including assigned spaces.

Special assessments & recertification outlook

Elevated

Public records checked Oct 31, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).

  • 40/50-year recertification is mentioned on active listings
  • Built 1970 — past its first structural milestone; next inspection around 2035

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

32Limited financing
Mortgages recorded, 12 months
4
3 from banks and credit unions · purchases and refinances
Sales bank-financed
23%
13 recorded sales, 12 months · Resales only
Average down payment
31.5%
Lowest down payment accepted
30%
Loan programmes, 24 months:Conventional 3Other 1

Medium 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 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
7.4 ft
Lowest nearby street
6.3 ft
Highest predicted tide, 2026
1.0 ft

Elevations in feet above the NAVD88 datum.

The lowest street next to this building sits 5.3 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

How much do condos at Ocean Point cost?+

There are 7 condos for sale at Ocean Point, from $395,000, with a median asking price of $475,000 ($726/sqft).

How much are the HOA fees at Ocean Point?+

HOA / maintenance fees at Ocean Point run around $945 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 Ocean Point a waterfront building?+

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

When was Ocean Point built?+

Ocean Point was built in 1970, 17 stories, 236 residences.

Stay ahead
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