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Built in 2021 - 69 units - 19 floors

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Building Information

57 Ocean

Number of units: 69
Active listings for rent: 2
Active listings for sale: 4
Building inventory for sale: 5%
Number of sales over the last 12 months: 8
Number of sales over the last 6 months: 4
Number of sales over the last 3 months: 3
Avg. time to close over last 12 months: 62 days

Address

5775 Collins Ave, Miami Beach, Miami-Dade, FL, 33140

57 Ocean Condominium Association, Inc.
5775 Collins Ave
Miami Beach, FL33140

Link: https://www.57ocean.com/

Recent Sales

Unit # Size Closing Date Sale Price PPSF
1702 1,612 sq ft May 2024 $6,000,000 $3,722
PH-2 6,461 sq ft Apr 2024 $25,000,000 $3,869
1205 1,245 sq ft Mar 2024 $2,750,000 $2,209
303 2,903 sq ft Dec 2023 $8,765,000 $3,019
701 1,972 sq ft Aug 2023 $7,100,000 $3,600
504 1,262 sq ft Aug 2023 $2,250,000 $1,783

Market Information

Building vs Area

57 Ocean: $3941/sq. ft.
Miami Beach: $937/sq. ft.

Area vs City

Miami Beach $937/sq. ft.
Miami-Dade $694/sq. ft.

Inventory for sale

Miami Beach: 4%
Miami-Dade: 3%

Avg. time to close over last 12 months

57 Ocean 62 days
Miami Beach: 97 days
Miami-Dade: 81 days