Most ultra-luxury developments in Miami Beach follow a single format: one tower, one residential program, one amenity package. Ocean Terrace at 740 Ocean Terrace in North Beach is structured differently.

The project spans two sculptural glass towers across five acres of oceanfront between 74th and 75th Streets. The residential tower rises 20 stories and contains 52 private condominium residences. The resort tower houses 24 fully furnished resort residences alongside a restored 42-key historic hotel. Together, the two towers sit above 350 feet of direct Atlantic shoreline, with a five-acre Raymond Jungles-designed park — Ocean Terrace Park — forming the ground-level connection between the buildings and the beach.

The historic hotel component is not incidental. Developer Witkoff, in partnership with Ocean Terrace Holdings led by Alex Blavatnik and Sandor Scher, has integrated the preservation and restoration of existing Art Deco and MiMo structures into the development framework. The result is a mixed-use environment that connects residential privacy with hospitality infrastructure and a revitalized public realm.

For buyers evaluating ultra-luxury condos in Miami Beach, Ocean Terrace represents a format that does not exist elsewhere on the island: a boutique residential building embedded in a coherent mixed-use destination, with direct beach access, a private members’ club, and a 2029 delivery timeline.