Ocean House

South Beach’s Ocean House Penthouse Hits Market with $18.5M Price Tag

With its residences officially relaunched just about six months ago in May, 2012, the Ocean House has proven to be quite the hot property as it has already sold out two-thirds of its condo units. Bringing in designer Alison Antrobus’ design genius to refurbish its living spaces with muted earth tones and history-infused furnishings to create a casual yet sophisticated ambience seemed to be quite a practical move by developer iStar Residential, since it has made this 125 Ocean Drive property all the more appealing. The Ocean House is now making headlines for having listed its penthouse unit on the market for a whopping $18.5M. While some consider this to be a small price to pay for a luxurious residence complete with every conceivable amenity in the haute SoFi neighborhood, others consider it to be a bit pricey for a boutique-style building. Here’s what you can expect to be treated to at the $18.5 million penthouse at Ocean House, presently held by Prime 112's owner: * 4,176 square feet of luxurious oceanfront living in a low-rise building with a swanky South Beach address. * Four bedrooms with five-and-a-half baths, all pre-interior designed to the tee. * Private rooftop pool overlooking the ocean complete with outdoor shower and outlined by a garden inclusive of full-size palm trees. * An outdoor gas pit. * A 100-inch TV, $500,000 audio/video and home automation system as well as hidden LED TVs in all the bathrooms. Do you think an $18.5 million dollar price tag for such a South Beach penthouse is too less or too much? Comment below! For further information on the Ocean House, click here. Image and Information Source: miamicurbed.com

Ocean House Sells Out Two-Thirds and Still Gaining Steam

Ocean House has recently joined the ranks of condo buildings that are shouting out about Miami’s real estate success story from the rooftops. A year after its premier in October, 2011 and just about six months after having officially re-launched in May, 2012, the 125 Ocean Drive boutique-style building has already sold out two-thirds of its units. iStar Residential, owner and developer of this South Beach property, has made quite the comeback with its soaring sales ever since its property loan of $73 million went into foreclosure back in 2009\. With 13 of its 28 residences being sold at an average price of $5.3 million per unit by October and one of the units fetching almost $6 million in September, here’s a look at possibly why buyers just can’t keep their hands off this South Beach property: * Exclusivity comes enwrapped in a boutique-style low-rise that sits on pristine oceanfront in the swanky South of Fifth neighborhood. * Offering easy access to various upscale dining, shopping, nightlife, cultural and entertainment options such as Joe’s Stone Crab and Prime One Twelve, the residences ensure privacy with connectivity. * Alison Antrobus’ interior design refurbishing has added to the appeal of this already charming building by presenting a harmonious mix of modern elements displayed in muted natural tones entwining with elements from its Art Deco past to create a casual, yet graceful ambience. * Special amenities such as pet spa services, Intelity® online concierge services, beachfront jogging path, private cabanas and more add to the allure of its ultra-luxury, South of Fifth condominiums. Need more information on the Ocean House at South Beach? Click here. Impressed already? Call us now at 305-725-0566 Source: therealdeal.com

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