Ocean Terrace Residences
By Witkoff and Ocean Terrace Holdings · Mid-Beach & North Beach · Delivery 2029
- Sales phase
- Now selling
- Delivery
- 2029
- Pricing
- From $6.3M
- Residences
- 76
- Floors
- 20
- Developer
- Witkoff and Ocean Terrace Holdings
- Architect
- Revuelta Architecture International (interiors by Robert A.M. Stern Architects)
Sales status verified Oct 14, 2026Prices, dates and specifications come from the developer and can change.
Overview
Rising from a lush expanse of tropical parkland, Ocean Terrace Residences features two sculptural glass towers along 350 feet of continuous ocean frontage. The architecture, a collaboration between Robert A.M. Stern Architects and Revuelta Architecture International, marries classically inspired interiors with a modern exterior aesthetic. Each of the 52 boutique residences and 24 resort residences is designed to capture cinematic views of the Atlantic, wild dunes, and verdant parklands.
Residents enjoy over 60,000 square feet of resort-style amenities, including a private club, a boutique hotel, and a curated retail selection. The centerpiece of the property is The Ocean Terrace, a sprawling fifth-floor deck featuring sparkling pools, sunlit lounges, and five-star dining. The grounds are further enhanced by cultivated gardens by Enzo Enea and a botanical gateway designed by Raymond Jungles.\n Situated in the storied enclave of North Beach, the property offers a sophisticated balance of privacy and connection. The location provides immediate access to the coastal beauty of North Beach Oceanside Park while remaining moments away from the vibrant cultural scene, dining, and entertainment of the greater Miami area.
- Oceanfront location
- Designed by Robert A.M. Stern Architects
- Cinematic ocean vistas
- Boutique residential feel
- Luxury amenities and services
- Proximity to North Beach
Completion estimates come from the developer and move with construction; we update this page as milestones are reported.
Amenities
- 60,000 sq. ft. of resort-style amenities
- Boutique hotel
- Private club
- Retail space
- Spa
- The Ocean Terrace (fifth-floor deck)
- Sparkling pools
- Sunlit lounges
- Restaurant and bar
- Cultivated gardens
Gallery
Location
7450 Ocean Terrace
Condo market in Mid-Beach & North Beach
Live MLS figures for existing condos in Mid-Beach & North Beach: what finished buildings around this project ask and sell for, and how much supply there is.
Is Mid-Beach & North Beach a buyer's or a seller's market?
Five standard market signals in one reading: 0 is a strong buyer's market, 100 a strong seller's.
Room to negotiate. Offers below asking are normal, and most listings will still be there next week.
Price to the sold comps, not to other asking prices, and be ready to negotiate.
Miami overall: 25 · Buyer's market — 3 points more seller-friendly than Miami overall
What's behind the reading
- Months of supply14.3 monthsFavors buyers875 listings · 736 sales in 12 months · weight 35%
How long today's listings would take to sell at the past year's sales pace. In Miami condos, under 6 months favors sellers and over 9 favors buyers.
- Sale-to-list price91.5%Favors buyers368 sales · weight 25%
Median sale price as a share of the original asking price, sales in the last 6 months. Above 97% favors sellers; below 95% means buyers are negotiating.
- Days on market76 daysNeutral370 sales · weight 15%
Median days from listing to sale for homes sold in the last 6 months. Faster sales favor sellers.
- Listings with a price cut36%Favors buyers875 listings · weight 15%
Share of homes for sale now asking less than their original price. More cuts mean sellers are chasing buyers.
- Sales momentum+1% vs last yearFavors sellers347 sales · weight 10% · sale-to-list +1.4 pts
Closings in the last 90 days against the same 90 days a year earlier, plus the change in sale-to-list. Rising sales tilt the market toward sellers.
Resale condos from the MLS (pre-construction towers excluded), all prices. As of Oct 15, 2026 · How the index works
Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period July 3, 2025 through October 15, 2026.
Frequently asked questions
When will Ocean Terrace Residences be completed?
Ocean Terrace Residences has an estimated delivery of 2029. Delivery dates are set by the developer and can shift during construction.
How much do residences at Ocean Terrace Residences cost?
Residences at Ocean Terrace Residences start from $6.3M.
Who is developing Ocean Terrace Residences?
Ocean Terrace Residences is being developed by Witkoff and Ocean Terrace Holdings.
Where is Ocean Terrace Residences located?
Ocean Terrace Residences is located in Mid-Beach & North Beach, Miami.
Interested in Ocean Terrace Residences?
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