Ocean Point Condos For Sale & Rent

Ocean Point Condo Overview

Ocean Point is a South of Fifth condo building at 345 Ocean Dr in South of Fifth, Miami Beach. Built in 1970, the 11-story building has 238 residences near the beach, Ocean Drive, South Pointe Park, marina access, restaurants, and the quieter southern end of Miami Beach.

Ocean Point Condos for Sale

Ocean Point condos for sale should be compared by beach proximity, ocean or city exposure, floor height, layout, renovation level, parking, and monthly costs. Buyers should review association rules, reserves, insurance considerations, and recent South of Fifth sales before deciding how a unit is positioned.

Ocean Point Rentals and Rental Policy

If rentals are part of the plan at Ocean Point, review current association rules, approval requirements, fees, minimum lease terms, and active rental inventory before making a purchase decision. Confirm the policy directly with the association before relying on projected income.

Amenities and Building Details

Ocean Point currently shows a no-pets policy. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. These units range from efficient studios to more spacious one- and two-bedroom layouts, varying in size from approximately 407 to 769 square feet. The residence offers a variety of lifestyle amenities, including a refreshing swimming pool, a state-of-the-art fitness center, an invigorating spa, and the convenience of assigned parking. The 24-hour attended lobby and security services, coupled with full-service concierge support, ensure a seamless and comfortable living experience for residents. The units at Ocean Point are designed with an emphasis on space and luxury.

What to Compare Before Buying at Ocean Point

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

Market Context

Ocean Point Condo Miami Beach has completed-year closed-sale history from 2017 through 2025 in the market statistics, with 159 recorded condo sales, or about 18 sales per year. That gives buyers a useful resale sample, but individual unit differences still need to be adjusted carefully. The busiest year in the series was 2022 with 36 sales, while the quietest was 2018 with 7. 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 Ocean Point Condo Miami Beach ranges from about $363/sqft to $667/sqft, with an average near $527/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 $532/sqft in 2017 to $527/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $477,572, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Ocean Point Condo Miami Beach: 1 Bed and 2 Beds units have the broadest historical comparison set, while 3 Beds around $721,717 and 2 Beds around $691,453 represent the higher average closed-price tiers in the chart data. The segment is useful, but buyers should still check whether the underlying sales were similar in size, view, and condition. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Rental rules should be reviewed alongside the closed-sale statistics because permitted use can influence long-term buyer demand and resale positioning.