57 Ocean Mid-Beach: 2026 Buyer's Guide

57 Ocean is the 18-story, 69-residence oceanfront condominium at 5775 Collins Avenue on Miami Beach's Millionaire's Row in the Mid-Beach neighborhood. The tower was developed by Brazilian billionaire Jose Isaac Peres' Multiplan Real Estate Asset Management with architecture by Arquitectonica and interiors by Brazilian designer Patricia Anastassiadis (Anastassiadis Arquitetos), plus penthouse interiors curated by Sofia Joelsson Design.

The building broke ground in April 2019, sold out during construction, delivered in 2021 with over $330M in closings, and has since produced two of Mid-Beach's largest penthouse resales: the full-floor penthouse at $37M in June 2022 and Penthouse #2 at $25M in 2024. Mid-2026 resale activity has cleared roughly $2.85M to $14.5M, with a wider band on the largest full-floor product.

The design brief was specific. Arquitectonica delivered flow-through floor plans oriented to both the ocean and the city, 11-foot-deep oceanfront terraces on standard residences, and a 220 linear feet of direct Atlantic Ocean frontage on the Miami Beach Walk. The wellness program is the second half of the sell: a 5,000-square-foot indoor fitness center, a Wellness Pavilion Spa with a thermal suite, and a Wellness Coach service embedded in concierge.

View the 57 Ocean building page for current inventory, floor plans, and photos.

The Quick Take

Where is 57 Ocean?

The address is 5775 Collins Avenue, the stretch of Miami Beach oceanfront known as Millionaire's Row -- the Collins Avenue corridor that runs from roughly 24th Street north through the 60s. Mid-Beach encompasses the beachfront from 24th to 63rd Streets and has repositioned over the last decade around the arts, design, and wellness anchors of the Faena District and a wave of new-generation oceanfront condominiums.

Walking distance and short-drive access from 57 Ocean:

• Faena District -- three blocks north; the eight-block cultural corridor along Collins Avenue between 32nd and 36th Streets anchored by the Faena Hotel Miami Beach, Faena Forum (the OMA / Rem Koolhaas cylinder-and-cube cultural venue), Faena Theater, and Faena Bazaar. Damien Hirst's gilded woolly mammoth is one of the corridor's public art installations
• Soho Beach House -- within a five-minute walk; the private members' club with two pools (including a rooftop terrace pool), Cecconi's, and rooftop bar Ocho
• The Miami Beach EDITION -- along Collins Avenue; the Ian Schrager-conceived hotel with the Basement nightclub, ice-skating rink, and bowling alley
• Arthur Godfrey Road (41st Street) -- Mid-Beach's east-west commercial spine; Epicure Market, kosher establishments, banks, a major post office, and Sheridan medical offices
• Mount Sinai Medical Center -- 4300 Alton Road; the waterfront hospital campus affiliated with Columbia University
• La Gorce Country Club -- a short drive west across the Indian Creek waterway; the historic country club and golf course
• Indian Creek Country Club -- also west, adjacent to Indian Creek Village
• Bal Harbour Shops -- 10-15 minutes north; the luxury retail anchor with Hermes, Chanel, Saint Laurent, Goyard, and about 100 additional stores
• Lincoln Road and Sunset Harbour -- 10-15 minutes south by car
• MacArthur Causeway -- 15-20 minutes south to Downtown Miami, the Design District, Wynwood, and Miami International Airport

Mid-Beach's specific value proposition versus South Beach or Sunny Isles: the same direct oceanfront and beach access, with a quieter residential rhythm, the Faena District's cultural density, and immediate connectivity down Collins Avenue to South Beach.

Who's Behind 57 Ocean?

The developer is Multiplan Real Estate Asset Management, the U.S. affiliate of Multiplan Empreendimentos Imobiliarios S.A., one of Latin America's largest publicly traded real estate companies. Jose Isaac Peres founded Multiplan in Brazil in 1974 and has since developed more than 35,000 residential condominium units across 350-plus projects globally.

The Brazilian parent operates 19 shopping malls across more than 800,000 square meters of gross leasable area, with over 5,400 stores. Multiplan REAM is Peres' U.S. residential arm; the Miami portfolio includes:

• Il Villaggio -- the mixed-use development in Miami Beach
• Jade Brickell -- the bayfront luxury condominium tower
• 57 Ocean -- this building
• Coral Gables project -- a 1.4-acre site the firm acquired for $31.8M in 2025, targeted for a luxury condominium with sales expected to open by end of 2026

57 Ocean is Multiplan REAM's most-cited Miami Beach delivery. The building broke ground in April 2019, secured a $58.5M construction loan, sold out prior to delivery, and closed above $330M across the 69-residence base.

Architecture and Design

The design team is Arquitectonica outside, Anastassiadis inside.

Arquitectonica is the architect. Bernardo Fort-Brescia co-founded the firm in 1977 in Coconut Grove with his wife Laurinda Hope Spear. Fort-Brescia was born in Lima, Peru, took his undergraduate and master's degrees at Princeton and Harvard, and arrived in Miami in 1975 to teach at the University of Miami. He is a Fellow of the American Institute of Architects (AIA) and received the AIA Silver Medal.

Arquitectonica's Miami footprint runs to more than 300 buildings. Relevant work worth citing alongside 57 Ocean:

• Atlantis Condominium -- the Brickell tower that opens the Miami Vice title sequence
• Wilkie D. Ferguson Jr. U.S. Courthouse -- downtown Miami
• Kaseya Center -- the Miami Heat arena on Biscayne Boulevard
• Brickell City Centre -- the 500,000-plus-square-foot mixed-use development
• PortMiami cruise terminals -- MSC and Virgin Voyages
• Five Park -- the 98-residence South Beach tower at 500 Alton Road
• Onda Residences -- the Bay Harbor Islands boutique
• Oceana Key Biscayne -- the oceanfront condominium
• Park Grove -- the Coconut Grove residential complex
• Mr. C Residences -- the Coconut Grove hotel-residence

The firm has more than 1,200 built projects on five continents. For 57 Ocean specifically, the Arquitectonica design language delivered:

• An 18-story oceanfront tower with 220 linear feet of direct Atlantic frontage on the Miami Beach Walk
• Flow-through residences oriented to both ocean and city exposure, with 11-foot-deep terraces on both sides on standard floor plans
• A corner-glass geometry on the primary living volumes that reads as an architectural rather than an applied signature
• A ground floor programmed around the beachwalk and a two-pool oceanfront deck

Landscape is by ArquitectonicaGEO, the firm's landscape architecture and urban design affiliate.

Interiors are by Patricia Anastassiadis / Anastassiadis Arquitetos. Anastassiadis founded her Sao Paulo practice in 1993 and works as architect, interior decorator, and product designer. The interior brief pairs sand, stone, and ceramic textures in the lobby and living areas with a Brazilian contemporary language. Two full-floor penthouse interiors were separately curated by Sofia Joelsson Design.

Architect Heritage -- Arquitectonica on the Beach

Arquitectonica is not new to Miami Beach oceanfront work. The firm's decades-long presence on the Miami waterfront places 57 Ocean in a specific lineage:

• Atlantis on Brickell -- the palm-tree-through-the-wall bayfront tower that put Arquitectonica on the international architecture map in the 1980s
• Oceana Key Biscayne -- the oceanfront condominium on Key Biscayne
• Five Park -- the 98-residence delivered-2025 South Beach tower on Alton Road
• 57 Ocean -- 2021 oceanfront delivery on Millionaire's Row

For a resale buyer, the Arquitectonica pedigree matters two ways. First, the firm's local Miami track record means the design is calibrated to Florida climate, hurricane code, and salt-air detailing. Second, the recognizable Fort-Brescia architectural signature -- geometric bold gestures on oceanfront glass -- has held up across the firm's residential catalog and reads consistently at resale.

Residences at 57 Ocean

The 69-residence count is intentionally boutique for an 18-story oceanfront tower.

• 69 residences in two-, three-, and four-bedroom flow-through floor plans
• Approximately 1,245 to 3,623 square feet for standard residences
• Two full-floor penthouses with over 6,000 interior square feet plus rooftop pool decks
• 10-foot ceilings throughout
• Floor-to-ceiling glass
• 11-foot-deep oceanfront terraces on standard residences
• Flow-through floor plans with terraces on both the ocean and city sides on most floors
• Italian porcelain flooring
• Custom Italian cabinetry
• Fully integrated Gaggenau and Sub-Zero appliances
• Italian stone bathrooms

Ten additional Sky Residences were programmed as flow-through units above 5,000 sf of indoor-outdoor living space, with four bedrooms and 5.5 baths, family room, and 12-foot-deep terraces facing both the city and the ocean.

The two full-floor penthouses are the trophy product:

• Approximately 7,500 square feet of interior space plus 7,000+ square feet of outdoor terraces
• Panoramic pool, spa pools, summer kitchen, and sauna on the terrace level
• Five suites, private office, private gym, club room, six full baths, and two powder rooms

The Anastassiadis Interior Program

The interior design program is worth pausing on. Patricia Anastassiadis is one of Brazil's most established residential interior architects.

• Founded Anastassiadis Arquitetos in Sao Paulo in 1993
• Practice covers architecture, interiors, product design
• Global hospitality and residential portfolio across Latin America, the U.S., and Europe

The Anastassiadis language at 57 Ocean pairs Brazilian contemporary sensibility with resort-scale material palettes: sand, stone, and ceramic textures across the lobby and living rooms; light-filled volumes calibrated to the ocean exposure; and finish detailing tuned to indoor-outdoor living. Penthouse interiors were separately curated by Sofia Joelsson Design.

Amenities

57 Ocean's amenity program is a wellness-forward oceanfront package.

Oceanfront and outdoor

• 220 linear feet of direct Atlantic Ocean frontage on the Miami Beach Walk
• Two oceanfront infinity-edge pools with cabanas, pool ledge loungers, and pool bar
• Third-floor sunset deck and social terrace lounge
• Poolside and beachside concession service with attendants
• Beach service -- umbrella, lounger, and food service
• Snack and juice bar
• Summer kitchen pavilion with a grill area
• Poolside treatment cabanas
• Oceanfront Wellness Garden and outdoor meditation area

Spa and wellness

• Wellness Pavilion Spa with an indoor thermal suite -- aromatherapy saunas, steam rooms, showers, and ice fountains
• Private indoor treatment suite
• Private outdoor treatment cabanas
• Outdoor vitality tub and relaxation / meditation area

Fitness

• 5,000 sf fitness center with Technogym equipment
• Outdoor training terrace with MyIsle equipment by MyEquilibria
• Pilates and yoga studios
• On-call personal trainers

Social and interior

• Multi-purpose club room with chef's kitchen
• Wine room
• Screening lounge
• Library
• Children's activity room

Services

• 24-hour concierge, valet, and security
• Wellness Coach service through concierge -- curated wellness partnerships, sunrise yoga, body treatments
• Private chefs and spa treatments on call
• Private porte-cochere arrival

How 57 Ocean Compares to Other Mid-Beach Oceanfront Condos

Mid-Beach's oceanfront segment is the highest-priced-per-square-foot stretch of Miami Beach south of Bal Harbour, and 57 Ocean sits alongside a small group of recent trophy deliveries.

Where 57 Ocean stands out:

• Boutique 69-residence count with two full-floor penthouses at 7,500+ interior sf plus 7,000+ terrace sf -- among the largest single-floor penthouse products on Millionaire's Row
• Arquitectonica-designed oceanfront tower with 220 linear feet of direct Atlantic frontage -- a Miami-native firm on an oceanfront site
• Wellness-forward amenity program with 5,000 sf Technogym fitness plus a formal Wellness Pavilion Spa
• Trade data -- the $37M penthouse close in 2022 and the Penthouse #2 close at $25M in 2024 give the building deeper comp data than many peers

Where it slots differently from Faena House: 57 Ocean is a purely residential condominium without a hotel or district-scale cultural program attached; Faena House sits at the center of Alan Faena's eight-block district with the Faena Hotel, Forum, Theater, and Bazaar all built in. Buyers who want Mid-Beach oceanfront with an integrated brand should compare both.

The Mid-Beach and Faena District Neighborhood

Mid-Beach has spent the last decade repositioning as Miami Beach's design-and-culture-led beachfront core. The corridor is quieter than South Beach and denser than North Beach, with the Faena District, Soho Beach House, and the Miami Beach EDITION anchoring what has become the highest-rated stretch of oceanfront hotels on the beach.

The Faena District -- three blocks north of 57 Ocean:

• Faena Hotel Miami Beach -- opened December 2015 in the former 1947 Saxony Hotel, designed with Baz Luhrmann and Catherine Martin
• Faena Forum -- the 43,000-square-foot cultural venue by Rem Koolhaas and OMA
• Faena Theater -- the 150-seat cabaret in red velvet and gold leaf
• Faena Bazaar -- retail and dining hall
• Faena House -- the Foster + Partners condominium that has held some of Miami Beach's highest per-square-foot sale records
• Damien Hirst's gilded woolly mammoth is one of the corridor's public art installations

Adjacent hotels and clubs

• Soho Beach House -- private members' club with two pools, spa, gym, screening room, Cecconi's, and rooftop bar Ocho
• The Miami Beach EDITION -- the Ian Schrager-conceived hotel with the Basement nightclub, ice-skating rink, and bowling alley
• The Confidante -- Hyatt Unbound Collection oceanfront hotel

41st Street / Arthur Godfrey Road

• Renamed after the radio and TV entertainer in 1956
• The commercial spine of Mid-Beach
• Epicure Market -- longtime Mid-Beach grocery
• Mount Sinai Medical Center at 4300 Alton Road -- affiliated with Columbia University, with a waterfront campus
• Kosher establishments, banks, medical offices, and the Sheridan medical suites at 400 Arthur Godfrey Rd
• A major post office

West of Collins Avenue -- across Indian Creek

• La Gorce Country Club -- historic golf course
• Indian Creek Country Club -- adjacent to Indian Creek Village, the gated billionaire's island

Connectivity

• South Beach and Sunset Harbour -- 10-15 minutes south by car
• Bal Harbour Shops -- 10-15 minutes north
• MacArthur Causeway -- 15-20 minutes south to Downtown Miami, the Design District, Wynwood, and Miami International Airport (about 20 minutes)

Resale Market and 2026 Snapshot

57 Ocean has delivered one of the deeper post-completion resale data sets in Mid-Beach.

• Building sold out at delivery in 2021 above $330M across the 69-residence base
• Full-floor penthouse closed in June 2022 at $37M -- a record at that time on Millionaire's Row for a new-construction penthouse
• Penthouse #2 closed in 2024 at $25M to Millennium Management CIO Vlad Torgovnik, at 9,179 total square feet
• Additional 2024 activity included three purchases totaling nearly $23M across smaller residences
• Mid-2026 active inventory has priced roughly $2.85M to $14.5M across the standard residence set

Because the two penthouses trade infrequently and at multiples of the standard-residence pricing, buyers should model the penthouse and standard resale comps as separate segments.

Buyer Fit

57 Ocean is a fit for:

• Buyers who specifically want Mid-Beach oceanfront with 220 feet of direct Atlantic frontage on the Miami Beach Walk
• Owners cross-shopping the Mid-Beach trophy set (Faena House, Eighty Seven Park, Ritz-Carlton Residences Miami Beach) and prioritizing Arquitectonica architecture with a Brazilian-Miami design collaboration
• Full-floor penthouse buyers -- 57 Ocean's two full-floor penthouses at 7,500+ interior sf plus 7,000+ terrace sf are among the largest oceanfront single-floor products in the neighborhood
• Wellness-first owners looking for a spa, thermal suite, and Wellness Coach concierge integrated into the building
• Boutique-scale oceanfront buyers who want a 69-unit HOA rather than a 150+ unit tower

It's probably not the right fit for:

• Buyers who require the Faena District integrated brand experience -- 57 Ocean is a purely residential condominium three blocks south of the Faena Hotel
• Ultra-price-sensitive entry buyers -- standard residences start around $2.85M on the current resale market
• Short-term-rental investors -- the building is not programmed for STR
• Buyers who want bay-facing sunset views rather than ocean-facing sunrise -- 57 Ocean is direct oceanfront

FAQ

Where is 57 Ocean located?

57 Ocean is at 5775 Collins Avenue, Miami Beach, FL 33140, on Miami Beach's Millionaire's Row in the Mid-Beach neighborhood. The site sits three blocks south of the Faena District and within walking distance of Soho Beach House and the Miami Beach EDITION.

Who designed 57 Ocean?

Arquitectonica (Bernardo Fort-Brescia) designed the 18-story oceanfront tower. Landscape is by ArquitectonicaGEO. Interiors are by Brazilian designer Patricia Anastassiadis / Anastassiadis Arquitetos, with Sofia Joelsson Design curating the two full-floor penthouse interiors.

Who developed 57 Ocean?

Multiplan Real Estate Asset Management, the U.S. residential arm of Brazilian billionaire Jose Isaac Peres' Multiplan Empreendimentos Imobiliarios S.A., one of Latin America's largest real estate companies. Peres has developed more than 35,000 residential condominium units across 350-plus projects globally.

When was 57 Ocean completed?

2021. Multiplan REAM broke ground in April 2019, sold out during construction, and closed above $330M at delivery.

How many residences are at 57 Ocean?

69 residences across 18 stories in two-, three-, and four-bedroom flow-through floor plans ranging from 1,245 to 3,623 square feet for standard residences, plus two full-floor penthouses each over 6,000 interior square feet with private rooftop pool decks and 7,000+ sf of outdoor terraces.

What are the notable sales at 57 Ocean?

The building's full-floor penthouse closed at $37M in June 2022 -- a record at the time for a new-construction penthouse on Millionaire's Row. Penthouse #2 closed at $25M in 2024 to Millennium Management CIO Vlad Torgovnik at 9,179 total square feet. Mid-2026 active inventory has ranged roughly $2.85M to $14.5M across the standard residence set.

What amenities does 57 Ocean include?

220 linear feet of direct Atlantic Ocean frontage on the Miami Beach Walk; two oceanfront infinity-edge pools with cabanas; third-floor sunset deck; Wellness Pavilion Spa with indoor thermal suite (aromatherapy saunas, steam rooms, showers, ice fountains); private indoor and outdoor treatment cabanas; outdoor vitality tub; 5,000 sf fitness center with Technogym equipment; outdoor training terrace with MyEquilibria equipment; Pilates and yoga studios; multi-purpose club room with chef's kitchen; wine room; screening lounge; library; children's activity room; and 24-hour concierge, valet, and security with a Wellness Coach service.

How does 57 Ocean compare to Faena House?

57 Ocean is Arquitectonica-designed, Anastassiadis-interior, 69 residences at 5775 Collins Avenue. Faena House (2015) is Foster + Partners-designed at 47 residences, embedded in the Faena District with the Faena Hotel, Forum, Theater, and Bazaar on the same corridor. Faena House offers hospitality-integrated branded ownership; 57 Ocean is a purely residential condominium with a wellness-forward amenity program.

Bottom Line

57 Ocean is the delivered, closed, Arquitectonica-designed, Anastassiadis-interior 18-story oceanfront residence at 5775 Collins Avenue on Miami Beach's Millionaire's Row. Sixty-nine residences plus two 7,500+ sf full-floor penthouses; 220 linear feet of direct Atlantic frontage; a 5,000 sf Technogym fitness center and Wellness Pavilion Spa; and the deepest penthouse resale data on Mid-Beach with the $37M June 2022 close and the $25M 2024 Penthouse #2 close. For buyers targeting the Faena District corridor without buying into the Faena hotel-brand structure itself, this is the trophy oceanfront comp in the segment.

Want a Data-Driven Read on 57 Ocean?

If you're evaluating a 57 Ocean resale -- floor selection, exposure, or comp analysis against Faena House, Eighty Seven Park, Ritz-Carlton Residences Miami Beach, and the rest of Mid-Beach's oceanfront cohort -- reach out to Kyle Benjamin, REHub Miami.

View the 57 Ocean building page | Browse Mid-Beach condos | Contact us

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Disclaimer: This article is for general informational purposes. Pricing, inventory, HOA figures, and finish specifications change. Always verify details directly with the building's official sales team and recent closed sales before making a purchase decision.