About 57 Ocean
Developed by Multiplan Real Estate Asset Management · Designed by Arquitectonica
57 Ocean is an 18-story, wellness-oriented oceanfront condominium at 5775 Collins Avenue in Mid-Beach, developed by Multiplan Real Estate Asset Management and designed by Arquitectonica. Completed in September 2021, it has 69 residences, with interiors by Anastassiadis Arquitetos and penthouses curated by Sofia Joelsson Design.
The amenity program centers on wellness: a holistic spa with treatments, a wellness pavilion with a thermal suite, a meditation and relaxation area, poolside treatment cabanas, and a Technogym fitness center. The penthouses add their own panoramic pools, summer kitchens, and saunas.
Building Fees & Assessments
MLS listings for 57 Ocean have shown a median association fee around $2.82/sqft/month -- shown per square foot, not as a flat dollar figure, since that's comparable across unit sizes rather than skewed by whichever units happen to be listed right now. This is a point-in-time reference, not a live figure, and can change over time. Confirm the current fee for a specific unit before making an offer.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Rental Potential
See the live "Monthly rental from" figure above for 57 Ocean's current lowest asking rent, and the market snapshot's closed-lease count and median rent for actual rental demand over the trailing 12 months -- both update automatically, unlike a number written here. Specific rental rules -- minimum lease term, rentals allowed per year, and whether short-term/Airbnb-style rentals are permitted -- are set by the condo association and vary by building. Verify current rental restrictions directly with the association before buying as an investment.
Frequently Asked Questions
Is 57 Ocean pet-friendly?
Yes, 57 Ocean is generally pet-friendly. Verify current pet rules and any breed or weight restrictions directly with the building association before purchasing.
Can I rent out my unit at 57 Ocean?
Long-term rentals are generally permitted at 57 Ocean, though minimum lease terms and any short-term rental restrictions vary by building. Verify the current rental policy directly with the association before purchasing as an investment.
Where is 57 Ocean?
At 5775 Collins Avenue in Mid-Beach, directly on the Atlantic on the stretch often called Millionaires' Row. It is a quieter part of the island than South Beach, a short drive from Lincoln Road and from the Bal Harbour Shops.
Who developed and designed it?
Brazilian firm Multiplan Real Estate Asset Management developed 57 Ocean (its founder, Jose Isaac Peres, led the project). Arquitectonica designed the building; interiors are by Anastassiadis Arquitetos, with the penthouses curated by Sofia Joelsson Design. Construction was completed in September 2021.
How many residences are there?
The completion announcement cites 69 residences; earlier marketing material referred to 81. We show 69, the later figure.
Reviewed by Carlos Olivares, FL License #3051724. Last updated October 2026.
