In one of the most significant land transactions in Key Biscayne history, Terra Group and Fortune International Group acquired the 3.8-acre oceanfront site at 301 Ocean Drive for $205 million — setting the stage for the island's first new condominium development in more than ten years.
The plan calls for a boutique, 13-story building of just 56 ultra-luxury residences, ranging from 3,354 to over 8,000 square feet, with penthouses featuring private pools. Estimated pricing runs from $4M to $25M+, with private sales expected to launch in Fall 2026 and delivery anticipated for 2028–2029.
Touzet Studio — Architecture
Miami-based Touzet Studio, led by Carlos and Jacqueline Touzet, is renowned for contextual, climate-conscious architecture across South Florida — from acclaimed private residences to landmark commercial work. Their design philosophy emphasizes light, air, and a seamless dialogue between building and shoreline, an approach ideally suited to Key Biscayne's low-rise, residential character.
Raymond Jungles — Landscape
Raymond Jungles, the celebrated landscape architect behind the Miami Beach Botanical Garden and countless iconic private gardens, brings his signature native, subtropical landscapes to the 3.8-acre site. Expect layered plantings, water features, and gardens designed to blur the boundary between residence and barrier-island nature.
Sustainability & Resilience
The development is planned around climate-resilient, sustainable design principles — elevated construction, resilient infrastructure, and environmentally attuned building systems. Terra's track record in sustainable development and Touzet Studio's climate-conscious approach position the project as a benchmark for responsible oceanfront building in South Florida.
Community Commitment
The developers have publicly committed to significant community investment in Key Biscayne alongside the project, reflecting a long-term partnership with the Village and its residents — from streetscape and resiliency improvements to contributions supporting local priorities.
Private sales launch Fall 2026
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