Step Inside The Record Breaking South-of-Fifth Oceanfront Penthouse at 321 Ocean Which Just Sold For $26 Million

One Miami Beach’s most sought after penthouses, located atop 321 Ocean on Ocean Drive in the South of Fifth neighborhood, has sold for $26,000,000. The closing was on Friday, May 11, and the property was owned by an American-Russian financer who had the property listed with Bill Hernandez and Bryan Sereny with Douglas Elliman and sold the property to an undisclosed buyer Skurge, LLC for $26,000,000 represented by Mick Duchon & Eloy Carmenate of Douglas Elliman.

The transaction represents the highest priced residential condo real estate deal for Miami-Dade in last 12 months and highest priced condo sale in South Beach since 2014. The Miami Beach real estate market has seen several large condo transactions over the past several months as other notable closings include a unit at Apogee South Beach for $13.5 million & Continuum South Beach for $9.3 million.
 
The penthouse is the only full floor oceanfront penthouse in South Beach, featuring a 36' infinity pool overlooking open ocean views. The 13,220 SF 2 story penthouse features nearly 7,000 SF of interior space spread over 5 bedrooms with staff quarters, 5 full-baths and 2 half-baths. The residence also offers a private 5,223 SF roof deck with the infinity pool, outdoor kitchen, fire pit, and massive entertaining space with a dining table that fits about 40 people. 

Take the Video Tour Below:

Photos via Lifestyle Production Group

Featured Listing: Relax In A Private, Luxurious Beachside Oasis in South-Of-Fifth's 321 Ocean

321 Ocean Drive, designed by Enrique Norten, is one of South-of-Fifth's most sought after residential buildings, featuring 21 hyper-luxurious, oceanfront residences. Unit 500 is no exception; the residence features 4 bedrooms, 4 full bathrooms and 1 half-bath spread over 3,871 SF. The unit also features dramatic ocean views from the open, flow through floor plan and 10' deep balconies, as well as direct access private elevators, a gourmet kitchen by Poggenpohl, Gaggeaunau & SubZero appliances, and stunning finishes including ornate marble work in the elevator foyer and master-bathroom. Amenities at 321 Ocean include direct access to the beach from the ocean front pool, stunning landscaping designed by Enzo Enea, full time staff, 24 hour valet parking, private fitness center, library/media room and beach service. 321 Ocean Drive Unit 500 is listed for $11,000,000 with Mario Kroeff of Douglas Elliman.

Featured Listing: South-of-Fifth Enrique Norten-Designed Oceanfront Penthouse at 321 Ocean Asks $34.9 Million

The penthouse at South-of-Fifth's exclusive 321 Ocean is back on the market. The newly-listed, Enrique Norten-designed oceanfront penthouse comes fully furnished at $34,999,999 by Douglas Elliman’s Bill Hernandez and Bryan Sereny of the Bill and Bryan Team. The unit is the top two full-floors, the ninth and tenth, spread over 6,800 SF of interior space and 6,200 SF of exterior space. The penthouse features 5 bedrooms, 5 full bathrooms and 2 half-baths plus media room and library/office. The unique floor-through layout of the penthouse comes complete with East and West balconies and 360 degree breathtaking views of both the Atlantic Ocean and Miami Beach skyline. The unit also features floor-to-ceiling glass, private rooftop terrace with a 36' Infinity pool, outdoor kitchen and fireplace. The residence also features a 10’ deep lower, oceanfront terrace and stunning art throughout. Enjoy the photo tour and video tour below. 

Take the Video Tour Below:

Photos via Lifestyle Production Group

Featured Listing: South-Of-Fifth Beachfront at 321 Ocean Drive Lists for $9.75 Million

The last developer unit at 321 Ocean in Miami Beach's exclusive South-of-Fifth neighborhood has listed for $9.75 million. The unit features 4 bedrooms and 5 bathrooms with a powder room over 4,500 SF. The unit is two stories and features a 400-bottle glass wine room, Gaggeneau and Sub-Zero appliances and upgraded finishes by Poggenpohl. The unit also features ample outdoor space with a private garden and two 10-foot deep terraces with direct views of the Atlantic Ocean and the Miami Beach beachfront skyline. Listing and photos by Cervera Real Estate. 

Featured Listing: 321 Ocean Penthouse

The Penthouse of 321 Ocean Drive has taken a price chop of $13.5 million, down to $39.5 million from the original list price of $53 million. The unit originally closed for $20 million in 2015 as a pre-construciton reservation. The beachfront unit is 6,807 SF in addition to 6,000 SF of outdoor space. It is located on the 9th and 10th floors and includes 4 bedrooms, 5 full bathrooms and 2 half-baths. Finishes include marble bathrooms and kitchen along with views of the Atlantic Ocean and Miami Beach. The outdoor space includes a rooftop terrace with a 36-foot infinity pool, summer kitchen and bar. 321 Ocean was designed by Enrique Norten. Listing and Photos by Jorge Uribe and Sotheby's International Realty.