Silver Sands Residences Key Biscayne — oceanfront view near 301 Ocean Drive, Key Biscayne, Florida

New Development

Silver Sands Residences Key Biscayne

The new oceanfront condominium planned on the former Silver Sands Beach Resort at 301 Ocean Drive.

"Silver Sands" is the name many buyers and news outlets use for the new condominium planned at 301 Ocean Drive, Key Biscayne — the site of the former Silver Sands Beach Resort. Terra and Fortune International Group are developing an approved 14-story, 56-residence building there, and pre-construction sales are expected to launch before the end of 2026. The developers have not announced an official project name.

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People search for this project under several names: 301 Ocean Drive, Silver Sands Key Biscayne, Silver Sands Residences, and sometimes One&Only Residences Key Biscayne. They all point to the same oceanfront parcel. This page explains where the Silver Sands name comes from, what has been reported about the new building, and what is still unconfirmed.

Where the Silver Sands Name Comes From

The Silver Sands Beach Resort was a low-rise oceanfront hotel on Key Biscayne, built in 1956 and known for its small scale and direct beach access. Its address, 301 Ocean Drive, is now the site of the planned condominium.

It is sometimes confused with the former Sonesta Beach Resort, but that was a different property, at 350 Ocean Drive, where Oceana Key Biscayne now stands.

What Is Planned on the Site

Coverage of the October 2026 financing describes an approved ultra-luxury building of 14 stories and 56 residences, designed by Touzet Studio and ODP, with a subterranean parking garage. Florida YIMBY reported that the design takes a tropical-modern approach with native landscaping and resiliency measures such as rain gardens and a cistern.

Because the developers have not released a plan book, residence sizes, layouts, and amenity details should be treated as preliminary until the official sales materials are published.

Is 'Silver Sands Residences' the Official Name?

Not confirmed. "Silver Sands" is how the press and many brokers refer to the project, and a Walker & Dunlop executive referred to it as Silver Sands in the financing announcement. The developers have not published an official brand name, and one broker report links the project to One&Only branding — also unconfirmed.

Pricing and Timing

No official price list has been released. Reported figures range from about $4 million to $18 million and up per residence. Pre-construction sales are expected to launch before the end of 2026, following the $220 million predevelopment loan from Blackstone.

Registering before launch is the simplest way to receive the official price sheet, floor plans, and deposit schedule as soon as they are distributed.

Silver Sands site and project facts

Silver Sands site and project facts
TopicReported informationStatus
Address301 Ocean Drive, Key Biscayne, FL 33149Confirmed
Former useSilver Sands Beach Resort (built 1956)Reported by press
DevelopersTerra and Fortune International GroupConfirmed by developer release
Land purchase$205 million (2025)Reported by press
Site area3.8 to 4.25 acresReports differ
Program14 stories, 56 residencesReported approvals; could change
ArchitectsTouzet Studio and ODPReported
Official nameNot announcedUnconfirmed

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Frequently Asked Questions

What is Silver Sands Residences Key Biscayne?

It is the name commonly used for the new condominium planned at 301 Ocean Drive, the former Silver Sands Beach Resort site, by Terra and Fortune International Group.

Is Silver Sands the same as 301 Ocean Drive?

Yes. Both names refer to the same oceanfront parcel at 301 Ocean Drive, Key Biscayne.

Was the Sonesta on the same site?

No. The former Sonesta Beach Resort was at 350 Ocean Drive, now Oceana Key Biscayne.

How many residences are planned?

Reported approvals describe 56 residences across 14 stories. One broker report cites 48 residences; this has not been confirmed by the developers.

When can I buy?

Pre-construction sales are expected to launch before the end of 2026. Register to receive pricing and plans when released.

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