The Real Deal Miami

One of final SoFi Ocean House sponsor units sells for $7M

April 10, 2013 01:00PM

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Ocean House

One of the last remaining sponsor units at the Ocean House condominium in South Beach has sold for $6.9 million, according to a statement today from One Sotheby’s Linda Gustafson, who represented the buyers.

The 4,100-square-foot home has five bedrooms and 6.5 bathrooms. The identity of the buyers was not released.

Ocean House, located at 125 Ocean Drive in the South of Fifth neighborhood in Miami Beach, has seen some other big sales as of late. In September, a 3,728-square-foot home traded hands for nearly $5.9 million. The following month, the condominium sold two-thirds of its 18 units since relaunching last May, with an average price of $5.3 million per unit.

A penthouse unit at Ocean House hit the market in November, asking $18.5 million. —Zachary Kussin

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