12/7/2025

57 Ocean Miami: Complete Building Guide, Pricing, and Availability

57 Ocean is an 18-story luxury oceanfront condominium at 5775 Collins Avenue on Miami Beach's Millionaire's Row. The building has 71 residences ranging from 2 to 4 bedrooms (1,245 to 3,623 square feet), plus two penthouses with private rooftop pools. Current resale prices start around $2.85 million for a 2-bedroom and can exceed $15 million for larger units. The building was completed in 2021 and designed by Arquitectonica with Brazilian-inspired interiors by Anastassiadis Arquitetos.

If you are considering Miami Beach condos, 57 Ocean stands out for its boutique size, wellness-focused amenities, and direct beach access. This guide covers everything you need to know before buying.

57 Ocean Overview and Developer

57 Ocean was developed by Multiplan Real Estate Asset Management, a company founded by Brazilian billionaire Jose Isaac Peres. Multiplan has been active in commercial and residential real estate for over 40 years, primarily in Brazil, where they are known for shopping centers and mixed-use developments. 57 Ocean marked their entry into the Miami luxury condo market.

Building Facts:

The building's design takes cues from Brazilian tropical modernism. The facade features an undulating glass-and-wood structure surrounded by lush landscaping that blends with the beachfront setting. Inside, the aesthetic continues with natural materials and warm tones throughout common areas and residences.

Location and Neighborhood Context

57 Ocean sits on the Mid-Beach section of Collins Avenue, an area often called Millionaire's Row for its concentration of luxury properties. This stretch of Miami Beach offers a quieter atmosphere than South Beach while still providing easy access to everything Miami has to offer.

Distances from 57 Ocean:

The immediate neighborhood includes other luxury oceanfront buildings, La Gorce Country Club, and access to the Miami Beach Walk (a paved beachfront path running along the sand). Dining options within a short drive include Nobu, Faena, and Soho Beach House.

Mid-Beach is more residential than South Beach. You will not find the crowds, nightclubs, or tourist traffic that characterize Ocean Drive. For buyers who want beach access and luxury amenities without the constant activity of South Beach, this location works well.

Unit Types and Floor Plans

57 Ocean offers flow-through floor plans where units span from the ocean side to the western exposure, providing views in both directions. All residences include private elevator entries.

Standard Residences:

Special Residence Types:

Beach House Residences (3rd floor): Four-bedroom units with expanded sunset terraces and private summer kitchens. These offer direct pool deck access.
Sky Residences (upper floors): Larger four-bedroom units with premium ocean and city views from the higher floors.
Penthouse Residences (top floors): Five to six bedrooms with approximately 7,800+ square feet. Each penthouse includes a private rooftop pool and summer kitchen.

Standard Unit Features:

All residences at 57 Ocean include:

10-foot ceilings
Floor-to-ceiling impact-resistant windows and doors
Private elevator foyer entry
Flow-through floor plans with ocean and city exposures
12-foot deep terraces with wood-like ceiling accents and glass railings
Italian Poliform kitchens with marble countertops and waterfall islands
Sub-Zero and Wolf appliances
Master bathrooms with natural stone floors and walls
Floating tubs and double spa showers
Dual-sink vanities by Poliform

Current Pricing and Recent Sales

How much are condos at 57 Ocean? Current asking prices range from approximately $2.85 million to over $11 million for standard residences. Penthouses have traded for up to $25 million.

Current Listings (as of early 2025):

Market Context:

Average sold price (recent sales): Approximately $8.6 million
Price per square foot range: $2,200 to $2,700+
Rental rates: Around $24,000 to $25,000+ per month for available units

Pricing at 57 Ocean reflects its boutique nature (only 71 units), new construction quality, and Millionaire's Row location. Compared to larger buildings in the area with 200+ units, 57 Ocean commands a premium for exclusivity and lower density.

For perspective on the broader Miami Beach market, see our Miami pre-construction condo guide which covers new development pricing across the area.

Building Amenities and Features

57 Ocean positions itself as a wellness-focused building. The amenity package reflects this with extensive spa facilities and fitness options.

Pool and Beach:

Two oceanfront infinity-edge swimming pools with pool ledge loungers
Cabana-lined pool deck
Poolside bar and social lounge
Pool and beach attendant service
Direct access to 220 linear feet of private beach
Connection to Miami Beach Walk

Wellness Pavilion and Spa:

Thermal suite with aromatherapy saunas, steam rooms, and ice fountain
Private indoor treatment suite
Outdoor treatment cabanas
Outdoor vitality tub
Meditation and relaxation areas
Wellness Garden with landscaped outdoor spaces

Fitness:

Indoor Technogym fitness center
Outdoor MyEquilibria training equipment
Sunset terrace (3rd floor) with additional fitness space
Personal training areas for yoga and Pilates
On-call personal trainers available

Social and Entertainment:

Club room with chef's kitchen
Summer kitchen pavilion with grill area
Private library
Children's playroom

Services:

24-hour concierge
24-hour valet parking
24-hour security
Wellness coach (to arrange spa treatments, fitness sessions, private chefs, etc.)
On-call spa treatment specialists and private chefs

The building is managed by KW Property Management & Consulting.

HOA Fees and What They Include

Monthly HOA fees at 57 Ocean range from approximately $3,200 to $9,200 depending on unit size.

Estimated Monthly HOA by Unit Type:

What HOA fees typically cover:

Building and common area maintenance
Landscaping and pool maintenance
Security and concierge services
Valet parking
Pool and beach attendants
Access to all amenities (spa, fitness center, club room, etc.)
Water and sewer
Basic cable/internet (verify current inclusions)
Building insurance (master policy)
Reserve fund contributions

What you pay separately:

Electric for your unit
Personal property insurance (HO-6 policy)
In-unit internet upgrades
Spa treatments and personal training sessions (consumption-based)
Private chef services

HOA fees at 57 Ocean are higher than average for Miami Beach, reflecting the extensive amenities, small unit count (costs spread among fewer owners), and high service levels. For context on how Miami condo fees work, our Miami snowbird rentals guide discusses typical fee structures and what to expect.

Views and Exposure Options

57 Ocean's flow-through floor plan design means most units have views in multiple directions.

Ocean (East) Exposure:

Direct Atlantic Ocean views over the beach. Sunrise views. This is the premium exposure, and units on higher floors command the highest prices. The ocean views are unobstructed since the building sits directly on the beach.

City/Bay (West) Exposure:

Views toward the Intracoastal Waterway and the Miami skyline beyond. Sunset views. The western exposure provides dramatic evening light and city lights at night.

Flow-Through Units:

Most residences are designed as flow-through, meaning they span the building's full width with windows and terraces on both the ocean and city sides. This gives you both sunrise over the ocean and sunset over the city from the same unit.

Floor Considerations:

Lower floors (3-8): Closer to pool deck and beach. Quicker access. Some palm tree and landscaping in sightlines.
Middle floors (9-14): Clear ocean views, still reasonable walk to amenities.
Upper floors (15-18): Best unobstructed views, highest prices, Sky Residences on these levels.
Beach House units (3rd floor): Direct pool deck access, expanded terraces, but lower elevation means less sweeping views.

57 Ocean for Investors: Rental Potential

Can you rent out a unit at 57 Ocean? Yes, but you will want to verify current rental policies with the condo association. Luxury boutique buildings sometimes have rental restrictions to maintain a residential atmosphere.

Rental Market Context:

Current rental listings at 57 Ocean show asking rents around $24,000 to $25,000 per month for 2-bedroom units. At a $3 million purchase price, that translates to roughly 10% gross rental yield before expenses, though actual net yields after HOA, property taxes, and management will be lower.

Investor Considerations:

Potential Positives:

High-end finishes attract quality tenants
Beachfront location has year-round appeal
Boutique building with only 71 units means less competition for tenants
Full-service amenities justify premium rents

Potential Challenges:

High HOA fees reduce net returns
High purchase price means significant capital at risk
Luxury rental market is smaller than mid-market
May have rental restrictions (verify before purchasing)

For investors focused on rental income, buildings with fewer restrictions and lower HOA fees may offer better returns. 57 Ocean is more suited to owner-occupants or investors who prioritize appreciation and quality over cash flow.

Canadian buyers considering 57 Ocean as an investment should review our Canadian tax guide for Florida property for details on rental income reporting and tax obligations.

Comparable Buildings in the Area

Shopping for a luxury oceanfront condo in Mid-Beach or North Beach? Here are buildings similar to 57 Ocean:

Faena House (3315 Collins Avenue)

Completed in 2015. 18 stories, 47 units. Ultra-luxury with Faena brand services. Higher price points than 57 Ocean. More emphasis on art and design.

Eighty Seven Park (8701 Collins Avenue)

Completed in 2020. 18 stories, 70 units. Designed by Renzo Piano. Adjacent to North Shore Park. Similar boutique scale and wellness focus. Slightly north in Surfside.

One Ocean (1 Collins Avenue)

Completed in 2016. 7 stories, 50 units. Located in South of Fifth (different neighborhood). Boutique, lower density, high-end finishes.

Arte (8955 Collins Avenue)

Completed in 2019. 16 stories, 16 units. Ultra-boutique in Surfside. Only full-floor residences. Much higher price points than 57 Ocean.

Oceana Bal Harbour (10203 Collins Avenue)

Completed in 2017. 28 stories, 240 units. Larger building north in Bal Harbour. More units means different atmosphere but still luxury oceanfront.

Pros and Cons of 57 Ocean

Advantages:

New construction quality. Completed in 2021, the building has modern systems, current building codes, and no deferred maintenance issues that affect older buildings.
Boutique scale. With only 71 units in an 18-story building, you have fewer neighbors and more personalized service than buildings with 200+ units.
Direct beach access. 220 feet of private beach frontage with attendant service. No crossing roads or walking through public areas.
Wellness amenities. The spa facilities, fitness options, and wellness coach service go beyond what most buildings offer.
Flow-through floor plans. Most units have both ocean and city views rather than being single-exposure.
Prime location. Millionaire's Row offers prestige and easy access to both South Beach and Bal Harbour.
Quality finishes. Poliform kitchens, Sub-Zero/Wolf appliances, and natural stone bathrooms are included, not upgrades.

Disadvantages:

High HOA fees. Monthly fees of $3,200+ for a 2-bedroom are above average, even for luxury Miami Beach buildings.
High purchase prices. Entry point around $2.85 million puts 57 Ocean out of reach for many buyers.
Limited inventory. With only 71 units and low turnover, finding an available unit in your preferred floor plan can be difficult.
No ground-floor retail. The building is purely residential with no on-site restaurants or shops (though the club room with chef's kitchen partially addresses this).
Smaller unit sizes at entry level. The 1,245 square foot 2-bedroom units are on the smaller side for the price point compared to older buildings where you might get more space.
Limited track record. As a 2021 building, there is less history to evaluate compared to established buildings from 2015 or earlier.

Available Units Right Now

Availability at 57 Ocean changes regularly. As of early 2025, listings show:

2 to 3 units typically available for sale
1 to 2 units typically available for rent
Asking prices from approximately $2.85M to $6.2M+ for current sale listings

For current availability, contact Pink Miami to get up-to-date listings and schedule showings. We can also set up alerts to notify you when new units come on the market.

You can also browse all Miami Beach real estate listings to compare 57 Ocean with other available properties.

How to Schedule a Showing

Interested in seeing 57 Ocean in person? Here is how to arrange a visit:

Step 1: Contact a real estate agent

Buildings like 57 Ocean require agent accompaniment for showings. You cannot walk in off the street. An agent will verify which units are available, confirm showing times with listing agents, and coordinate building access.

Step 2: Get building access

Your agent will register you with building security before your visit. This typically requires providing your name and ID information 24 to 48 hours in advance.

Step 3: Tour available units

Showings typically last 20 to 30 minutes per unit. If multiple units are available, you can see several in one visit. Your agent can also show you the amenity spaces (pool deck, spa, fitness center, club room) to give you a complete picture.

Step 4: Review documents

If you are seriously interested, request the condo documents including the declaration, HOA financials, budget, and rules and regulations. Reviewing these before making an offer helps you understand the association's financial health and any restrictions that might affect your plans.

What to look for during your visit:

Natural light and actual views (photos can be misleading)
Noise levels from adjacent units or the pool deck
Terrace size and usability
Closet and storage space
Kitchen layout and flow
Building traffic in common areas

Ready to see 57 Ocean for yourself? Contact Pink Miami to schedule a private showing and get current pricing on available units.