Ocean House unit resells for $9M

Unit was bought pre-construction for $4.3M and flipped

Mar.March 26, 2015 11:15 AM

A unit at Ocean House in South Beach just traded hands for $9 million, The Real Deal has learned.

The 4,100-square-foot residence was originally purchased during Ocean House’s pre-construction sales and was remodeled, upgraded and put back on the market in December.

It has five bedrooms, five-and-a-half bathrooms, an oceanfront view and a private elevator.

Brenda Bichili of Cervera Real Estate represented the seller, a Brazilian. Miami-Dade property records and Florida corporate records show that Maria E. Brennand Campos paid $4.3 million for the unit in November 2011.

Bichili told TRD that her seller didn’t use the unit much and decided it was time to put it on the market. The buyer was from Connecticut.

“[Ocean House] is a building that’s very boutique in the center of South Beach,” Bichili said. “You’re in the middle of where everyone wants to be, but it’s very private.”

Located at 125 Ocean Drive in the South-of-Fifth neighborhood, Ocean House recently sold its last vacant unit — a massive two-story beachfront residence that sold for $12.1 million.

Related Articles

(Credit: Redwood Media Group)

Developers and brokerages are getting creative for Art Basel

Karen Elmir, Camilo Franco, and Caitlyn Henderson

Movers & Shakers: Elmir Group launches CRE division, Pablo Alfaro team grows

Former Cervera Real Estate agent Beatriz Santamaria

Ex-Cervera agent sues for unpaid wages, seeks class action

Rendering of Elysee

Elysee PH under contract for nearly $13M, setting new record in Edgewater

Rendering of Ivory 214 and Bernardo Rieber

The doctor will see you soon: developer scores $36M loan for medical office condos

Rendering of 1212 Aventura

Aventura developer launches mixed-use office condo project


Sandra Masis was Cervera’s top 2018 producer in general real estate sales

Douglas Elliman takes over sales from Cervera at Elysee Miami project

Douglas Elliman takes over sales from Cervera at Elysee Miami project