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Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale a 0.26-acre development site located at 304-312 Ocean Drive with everlasting ocean views in the coveted South of Fifth (SoFi) live-work-play district in Miami Beach, Florida. The site comprises 11,500 square feet and represents the last remaining undeveloped site on all of the famed Ocean Drive.
The Miami Beach land site for sale offers 100 linear feet of frontage along the famed Ocean Drive as well as protected ocean views with its location directly catty-corner to Marjory Stoneman Douglas Ocean Beach Park. Additionally, it boasts a tremendous Walk Score® of 97, ranking it as a “Walker’s Paradise.” In the 1990s, a remarkable renaissance of the South of Fifth neighborhood created the exclusive, affluent neighborhood as it stands today. Numerous hotels, restaurants, shops, pharmacies and grocers are all located within a few blocks of the site, providing residents with a true neighborhood setting amid the excitement of living on Miami Beach. The upscale community is complemented by multiple parks, untouched beaches, panoramic ocean views and a marina.
The affluent SoFi neighborhood attracts international investment and garners some of the highest residential sales per square foot in the nation. A steady inﬂux of wealthy residents, investors and visitors from Europe, South America, the Middle East and Asia have contributed to Miami’s cosmopolitan identity and provided a bottomless pool of investment from around the world. While Miami ranks sixth among the top global cities that matter to ultra-high-net-worth individuals, the average price per square foot for residential units is a mere fraction of the cost. The Miami Beach development site will allow a developer to capitalize on this new pool of sophisticated residents and visitors seeking a uniquely Miami lifestyle at a discount to the city’s global competitive set.