New luxury condo 57 Ocean in Miami Beach nears 50% in pre-sales
What’s the trendy real estate neighborhood drawing millionaires? Mid-Beach.
The 18-story luxury condominium tower 57 Ocean at 5757 Collins Ave. is close to selling half of its 71 units since sales started in October 2018. According to Nirka Burns Padilla, a broker with Fortune International Group and director of sales for 57 Ocean, 30 units have been sold thus far. The $100 million project is expected to be completed by September 2021.
The building is expected to reach 50% of inventory sold, or 35 units, by February, said Marcelo Kingston, the building’s developer and managing partner of Multiplan Real Estate Asset Management.
“This project is bringing back Mid-Beach,” Kingston said.
Units range from $1.5 million up to $35 million, for the penthouse. The average residence has between two to four bedrooms and range in size from 1,245 to 3,600 square feet.
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The recently listed penthouse spans 7,100 square feet and the outdoor space — a wrap-around, 360-degree terrace with a sauna, two plunge pools, a lap pool, gourmet kitchen, fire pit and putting green — covers 7,000 square feet, Burns Padilla said. Two private elevators leads to the home’s five bedrooms, den, six bathrooms and a powder room. Indoor amenities include a private gym, home office and art gallery.
“The ideal buyer,” Burns Padilla said, “is someone who wants everything Miami Beach has to offer but away from the tourists and the traffic.”
Multiplan Real Estate Asset Management hired Arquitectonica to design the building and interior architect Patricia Anastassiadis to design the amenities, including the spa, library and children’s area.
This story was originally published January 15, 2020 at 7:00 AM.
