Ocean Terrace
Pre-construction condos in North Beach, Miami. Expected delivery 2029. Developed by Witkoff Group + Ocean Terrace Holdings.
Ocean Terrace at a glance
| Address | 740 Ocean Terrace |
|---|---|
| Neighborhood | North Beach |
| Developer | Witkoff Group + Ocean Terrace Holdings |
| Units | 52 + 24 + 42 keys |
| Floors | 20 |
| Expected delivery | 2029 |
| Priced from | $6.3-6.9M |
| Status | Selling, launched Oct 2025 with $200M+ presales |
Fields left out are ones I could not verify. A range means sources disagree. I do not publish a number I cannot show you the source for.
How Ocean Terrace compares in North Beach
Every other condo project selling off plan in North Beach right now, so you can see where this one sits rather than looking at it alone.
| Project | Units / Floors | Delivery | From | Deposit at contract |
|---|---|---|---|---|
| Ocean Terrace (this project) | 52 + 24 + 42 keys / 20 | 2029 | $6.3-6.9M | not published |
| 72 Carlyle | 134 / 19-20 | 2027-Fall 2028 | $995K | not published |
| 7200 Collins | 222 / 12 | 2027-Q1 2028 | $550-600K | 20% contract / 10% groundbreaking / 10% top-off / 60% closing |
| Ella Miami Beach | 103 / 10 | Early 2027 | $480-600K | not published |
| NoBe PARC Miami Beach | 232 / 15 | Q4 2028 | $570K | not published |
| Palma Miami Beach Residences | 126 / 14 | 2027 | $650K | not published |
Questions buyers ask about Ocean Terrace
What is the deposit schedule at Ocean Terrace?
The developer has not published one. Most Miami projects run 20 percent at contract, 10 percent at groundbreaking, 10 percent at top-off and the balance at closing, but that is the market pattern and not this project's terms. Ask me and I will get the current schedule from the sales gallery.
When is Ocean Terrace expected to be delivered?
Currently 2029. Pre-construction delivery dates move, and the contract governs what happens if they do.
Who is developing Ocean Terrace?
The developer is Witkoff Group + Ocean Terrace Holdings. A developer's track record on delivery matters as much as the building itself, and it is worth asking what else they have completed in Miami and when.
How big is Ocean Terrace?
Ocean Terrace is planned at 52 + 24 + 42 keys units across 20 floors. Where a figure shows a range, sources disagree and I have not been able to confirm which is current.
Can a non-resident or foreign national buy at Ocean Terrace?
Yes. There is no citizenship or residency requirement to own Florida real estate. What differs is the paperwork - financing terms for foreign nationals, tax identification, and the withholding rules that apply when you eventually sell.
Keep looking
Condos for sale and rent in North Beach · Every Miami pre-construction condo · Pre-construction vs resale · Financing options
Thinking about Ocean Terrace?
I represent buyers on pre-construction directly. Tell me what you are after and I will tell you honestly whether this one fits.
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