# The Ocean Wave

As of 2026-10-30, The Ocean Wave in Bal Harbour & Surfside has 4 units for sale at a median asking price of $944K ($578/sqft); 2 units sold in the last 12 months.

The Ocean Wave is an oceanfront condominium located in the heart of Surfside Beach.

## Key facts

| | |
|---|---|
| Address | 8877 Collins Ave |
| Neighborhood | Surfside, Bal Harbour & Surfside |
| Year built | 1981 |
| Floors | 12 |
| Units | 111 |
| Waterfront | yes |
| Developer | Champlain Towers N Assoc |
| For sale | 4 |
| Pending | 0 |
| Median asking price | $943,500 |
| Median asking $/sqft | $578/sqft |
| Sold, last 12 months | 2 |
| Median sold $/sqft, 12 months | $430/sqft |
| Months of inventory | 24.0 |
| Median HOA | $1,809/mo |
| Parking | The building offers valet parking and covered assigned parking spaces. |

## Own Miami measures

- **own.miami Building Score: 60 (B)**
  - Value: 54 — $578/sqft — vs. Bal Harbour & Surfside condos, then all of Miami
  - Momentum: 50 — Recent price trend
  - Liquidity: 40 — 24.0 months of supply · 36 days on market
  - Health: 89 — Public records checked — no liens, lawsuits or complaints on file
  - Waterfront: 90 — Waterfront building
  - Age: 24 — Built 1981 — vs. Bal Harbour & Surfside buildings
- **Own Miami Condo Index: 85** (market; 100 = the market-median building, 200 = twice its $/sqft; rank 471 of 698 tracked Miami condos)
- **Financeability Index: 18** (cash; 12-month window, 3 recorded mortgages, — of sales bank-financed, lowest down payment —, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2026)

## Building health (verified public records)

- Public records checked 2026-10-28
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**How much do condos at The Ocean Wave cost?**

There are 4 condos for sale at The Ocean Wave, from $625,000, with a median asking price of $943,500 ($578/sqft).

**How much are the HOA fees at The Ocean Wave?**

HOA / maintenance fees at The Ocean Wave run around $1,809 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 The Ocean Wave a waterfront building?**

Yes — The Ocean Wave is a waterfront building (Bal Harbour & Surfside).

**When was The Ocean Wave built?**

The Ocean Wave was built in 1981, 12 stories, 111 residences.

**Who developed The Ocean Wave?**

The Ocean Wave was developed by Champlain Towers N Assoc.

## Related pages

- [Bal Harbour & Surfside — neighborhood guide](https://own.miami/bal-harbour-surfside)
- [All units for sale at The Ocean Wave](https://own.miami/buildings/the-ocean-wave/for-sale)
- [Manatee](https://own.miami/buildings/manatee)
- [Island Place at Bay Harbor](https://own.miami/buildings/island-place-at-bay-harbor)
- [Montego Club](https://own.miami/buildings/montego-club)
- [9350 W Bay Harbor Dr](https://own.miami/buildings/9350-w-bay-harbor-dr)

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Source: Own.Miami — https://own.miami · data as of 2026-10-30
Canonical page: https://own.miami/buildings/the-ocean-wave
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