The Investment Case
Scarcity Is the Strategy
Why 301 Ocean Drive may be the most defensible pre-construction allocation in South Florida.
Extreme Scarcity
No new condominium has been delivered on Key Biscayne in more than a decade, and the island is effectively built out. 56 residences will serve pent-up demand accumulated over ten-plus years.
A $205M Pricing Floor
The land alone cost $205 million — roughly $3.7M per future residence before a single foundation is poured. That basis effectively anchors pricing and signals the developers' conviction in the market.
Appreciation History
Key Biscayne condo values have compounded steadily for decades, outperforming much of Miami-Dade in downturns thanks to limited supply and a deeply committed owner base. Trophy oceanfront product on the island rarely trades.
Comparable Sales
Recent island benchmarks — penthouse sales at Oceana Key Biscayne above $20M and consistent $2,000+/SF pricing for turnkey oceanfront product — support the projected $4M–$25M+ range for brand-new construction.
Why Pre-Construction Buyers Win
Early registrants historically capture the best line selection and launch pricing. In supply-starved markets, the delta between launch pricing and delivered resale value has been substantial across comparable Terra and Fortune projects.
Deposit Structure
South Florida pre-construction typically follows a staged deposit schedule (often 20% at contract, stepping to 30–50% through construction), with the balance at closing in 2028–2029. Official terms will be released at launch.
This page is for informational purposes only and does not constitute investment, legal, or tax advice. Figures are estimates based on publicly available data and are subject to change. Always consult your own advisors.