Estimated pricing at 301 Ocean Drive Key Biscayne runs from approximately $4 million to more than $25 million across 56 residences, with penthouses at the top of the range. Deposits in this segment are typically near 10% at contract with scheduled construction installments. All figures are pre-launch estimates until the developer publishes an official price list around the expected Fall 2026 sales launch.
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Pricing is the question that decides whether a pre-construction purchase makes sense, and it is also the question most often answered badly before launch. This page states plainly what is estimated, what is verifiable, and what will only be known when the developer publishes an official price list. The honest position on 301 Ocean Drive today is a wide but grounded range — roughly $4 million to $25 million and above — anchored by residence sizes starting near 3,354 square feet on a 3.8-acre oceanfront site.
What the Estimated Range Reflects
A $4 million to $25 million-plus range is not vagueness; it is the arithmetic of a program that starts above 3,300 square feet and tops out beyond 8,000 square feet with private-pool penthouses. Entry pricing tracks the smallest oceanfront residences on lower floors. The top of the range reflects penthouse floor plates that in Miami routinely price at multiples of the building average.
Because the range is driven by size and position, the more useful question for any individual buyer is not the building range but the price of the two or three stacks that actually suit them. That comparison requires the official price sheet.
How the Land Basis Frames Pricing
The 3.8-acre oceanfront site — the former Sonesta Beach Resort parcel — was acquired for approximately $205 million. Spread across only 56 residences, that land basis is a hard floor under pricing before a single construction dollar is spent. Developers cannot price meaningfully below their basis, which is why low-density oceanfront redevelopment consistently prices at the top of its market.
That is the structural reason a new oceanfront building on Key Biscayne is expected to establish a new price tier rather than trade in line with existing island resale inventory.
Deposit Structure and Cash Flow
Miami ultra-luxury pre-construction is typically staged: an initial deposit near 10% at contract, then additional scheduled installments tied to construction milestones, with the balance at closing. Buyers should plan liquidity around the schedule rather than the headline price, and international buyers should plan for wire timing and currency conversion in advance.
The definitive schedule for 301 Ocean Drive appears in the developer's purchase agreement at launch. Anyone quoting a firm schedule before that document exists is guessing.
Comparing Against the Island's Resale Market
The most reliable way to evaluate launch pricing is against current Key Biscayne resale comparables — what existing oceanfront buildings are actually closing at per square foot today, and what premium new construction has commanded elsewhere in Miami-Dade. Our Key Biscayne condo prices guide sets out that resale baseline building by building.
Judged that way, the question stops being whether $4 million is a large number and becomes whether the new-construction premium is proportionate to a fixed-supply oceanfront island with no comparable competing site.
How to Get the Official Price List First
Official pricing is distributed to registered buyers and their brokers before public release. Priority registration is free, non-binding, and the only mechanism that puts the plan book and price sheet in your hands while the full stack inventory is still open.
Register for priority access and you will receive pricing, floor plans, and availability as the developer releases them, with independent broker representation rather than on-site sales staff.
Estimated pricing structure before official release
| Item | Current expectation | Status |
|---|---|---|
| Price range | ≈ $4M to $25M+ | Estimated pre-launch guidance |
| Residence count | 56 | Per announced development program |
| Size range | 3,354 to 8,000+ SF | Per announced development program |
| Contract deposit | ≈ 10% typical for the segment | Set by developer agreement at launch |
| Official price list | Expected around Fall 2026 | Released to registered buyers first |
Priority Buyer Access
Register for Priority Access to 301 Ocean Drive
Join the private buyer list for early pricing, floor plans, and presentation invitations before public sales begin.
Register for Priority AccessFrequently Asked Questions
How much do residences at 301 Ocean Drive cost?
Estimated pre-launch guidance is approximately $4 million to more than $25 million depending on residence size, floor, and exposure, with penthouses at the top of the range. These figures are estimates until the developer publishes an official price list, expected around the Fall 2026 sales launch.
What is the expected price per square foot?
Pricing on new oceanfront construction in Miami-Dade has been set well above surrounding resale levels, and Key Biscayne's fixed supply argues for a premium tier. Rather than quoting a single number before the official list, the useful comparison is against current island resale pricing per square foot, which the Key Biscayne condo prices guide sets out building by building.
What deposit is required?
Miami ultra-luxury pre-construction typically requires a deposit near 10% at contract, with additional scheduled installments through construction. The exact schedule for 301 Ocean Drive is defined by the developer's purchase agreement at launch.
Does registering commit me to a price?
No. Priority registration is free and non-binding. It positions you to receive the official price list, plan book, and stack availability before public release, which is when residence selection actually happens.
Will prices rise after launch?
Developers commonly release inventory in tranches with upward price adjustments as absorption progresses. That pattern is typical rather than guaranteed, and no one can promise appreciation. What is verifiable is that first-release buyers select from the full stack inventory.