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Berkadia is pleased to present the exclusive opportunity to acquire 69 Ocean, the last remaining developable beachfront acre in Miami Beach. This premier property boasts over 150 feet of pristine beach frontage, making it an ideal site for ultra-luxury branded residences, where pricing regularly exceeds $4,000 per square foot. The property is strategically located within 10 minutes of Surfside and Bal Harbour, separated by the expansive 28-acre North Shore Park. The prestigious Miami beachfront skyline has become home to the world’s most iconic and opulent brands, including Aman, Four Seasons, Fendi, St. Regis, Faena, and Armani Casa, redefining luxury at its pinnacle.
By right, the property allows for the development of up to 138,924 buildable square feet across a maximum of 150 units with a 3.0 FAR. A nearby project is currently pursuing approvals for a landmark development with a 5.0 FAR. Owner/developer application is filed and pending, but should this higher FAR be approved, it significantly increases the probability of approval for 69 Ocean, increasing the buildable square footage to 231,540.
In summary, 69 Ocean is:
The only oceanfront, one-acre development site in Miami Beach on market today
Zoned for 150 units/acre, 3.0 FAR, and 200” height as-of-right
138,924 of Buildable square feet on the ocean
Less than a 10-minute drive to Indian Creek Village, Bal Harbour, and Surfside
Surrounded by Ultra-Luxury branded residences, including Aman, Four Seasons, St. Regis, and Faena
THE Opportunity
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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Scott Wadler
Managing Director
786.646.2595
Scott.wadler@berkadia.com
Michael Basinski
Vice President – Originations
561.609.4018
Michael.basinski@berkadia.com
MORTGAGE BANKING
Wouter Lips
Senior Financial Analyst
786.830.9002
wouter.lips@berkadia.com
Roberto Pesant
Senior Managing Director
305.975.5956
roberto.pesant@berkadia.com
Yoav Yuhjtman
Senior Director
786.853.5555
yoav.yuhjtman@berkadia.com
David Greenburg
Financial Analyst
305.260.4973
david.greenburg@berkadia.com
Jaret Turkell
Senior Managing Director
561.573.6140
jaret.turkell@berkadia.com
Omar Morales
Director
305.878.2278
omar.morales@berkadia.com
INVESTMENT SALES
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1111 Brickell Ave
Suite 1650
Miami, FL 33131
Boca Raton
5100 Town Center Circle Suite 550
Boca Raton, FL 33486
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EXCEPTIONAL TROPHY 1-ACRE OCEANRFONT DEVELOPMENT SITE IN MIAMI BEACH
PHOTO GALLERY
6985 Collins Avenue Miami Beach, FL 33141
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6985 Collins Avenue Miami Beach, FL 33141
6985 Collins Avenue Miami Beach, FL 33141
6985 Collins Avenue Miami Beach, FL 33141
