The Real Deal Miami

South Beach’s Ocean House sells two-thirds of SoFi condo units

October 12, 2012 09:45AM

Ocean House

South Beach’s Ocean House condominium has sold two-thirds of its units since officially relaunching in May 2012, the project announced. Ocean House, which is located at 125 Ocean Drive in the South of Fifth neighborhood, is owned by iStar, which has owned the project since its $73 million property loan went into foreclosure in 2009. It then brought in designer Alison Antrobus to refurbish the units. The property has sold 13 units for an average price of $5.3 million per unit. — Alexander Britell