321 Ocean Condos For Sale & Rent

321 Ocean Condo Overview

321 Ocean is a boutique South of Fifth condo building at 321 Ocean Dr in South of Fifth, Miami Beach. Built in 2015, the two-building property has 21 residences with beach proximity, modern design, and limited inventory.

321 Ocean Condos for Sale

321 Ocean condos for sale should be reviewed by residence size, floor level, outdoor space, ocean proximity, finish level, parking, and monthly fees. Buyers should compare boutique South of Fifth sales, association costs, rental rules, and exact residence details before deciding on value.

321 Ocean Rentals and Rental Policy

Rental policy currently shows a long-term rental setup, a 12-month minimum rental term, and up to 1 rental per year. Buyers should verify association rules, lease approvals, fees, and current restrictions before treating a unit as an investment property.

Amenities and Building Details

321 Architectural and ownership notes point to TEN Arquitectos, AGM Aria. The building is pet-friendly. Buyers should review amenities, parking, security, reserves, insurance considerations, and monthly fees with the individual residence. Residents can indulge in a beachfront, infinity-edged pool, and enjoy deemed access to the beach with attendant services. The state-of-the-art fitness center provides views of Ocean Drive, enhancing workout experiences. Additional amenities include a gorgeous garden, a private library with a resident lounge, and 24-hour security, lobby, valet, and concierge services. The residences at 321 Ocean are a showcase of luxury, with spacious, open kitchens featuring European cabinetry, floor-to-ceiling glass windows, and private elevators.

What to Compare Before Buying at 321 Ocean

Compare active condos for sale, active rentals, recent sales, residence size, unit condition, monthly fees, parking, rental rules, pet policy, and South of Fifth walkability. It is also useful to compare 321 Ocean Drive Miami Beach with nearby buildings and area pages such as Miami Beach's and Ocean Point.

Market Context

321 Ocean Drive Miami Beach has completed-year closed-sale history from 2018 through 2025 in the market statistics, with 12 recorded condo sales, or about 2 sales per year. That is a thinner resale sample, so each closed sale should be reviewed closely for condition, view, size, and unusual terms before using it as a benchmark. The busiest year in the series was 2021 with 3 sales, while the quietest was 2019 with 1. Recent completed-year sales volume is below the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for 321 Ocean Drive Miami Beach ranges from about $1,545/sqft to $2,914/sqft, with an average near $2,489/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The first and last completed years in the series are relatively close, moving from $2,914/sqft in 2018 to $2,781/sqft in 2025. The recent completed-year price-per-square-foot average is close to the long-term average. Average closed price over the same completed-year period was about $9,389,643, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at 321 Ocean Drive Miami Beach: 4 Beds+ and 3 Beds units have the broadest historical comparison set, while 4 Beds+ around $10,597,917 and 3 Beds around $5,513,333 represent the higher average closed-price tiers in the chart data. Because that segment appears across several years, it is more useful as a comparison base than a one-off sale. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. 321 Ocean Drive Miami Beach also has long-term rental positioning with a 12-month minimum lease and up to 1 rental per year, which should be read together with the long-term sales data. That points to a more traditional ownership profile, so long-term tenant quality, association approvals, and carrying costs matter more than short-stay turnover.