Why This Deal Stands Out

The penthouse at Jade Ocean presents a rare opportunity to acquire a large-format oceanfront penthouse residence at a price well below recent non-penthouse comparable sales in the same building, and well below replacement cost.

Over the past 180 days, the median price per square foot for non-penthouse units in Jade Ocean has been approximately $1,300 / SF, meaning this property is currently priced at a substantial discount despite representing the building’s top product.

The opportunity becomes even more compelling when viewed through the lens of replacement cost. New oceanfront condominium development across South Florida now requires pricing well above $2,000 per square foot and are now exceeding $5,000 per square foot. Even inland development sites do not have units selling below $1,000 per square foot.

At the current pricing level, this penthouse effectively offers a house-in-the-sky opportunity at a price far below replacement cost, especially for direct waterfront.

With two floors of interior space and panoramic ocean views, the residence also offers a true blank canvas for customization, allowing a buyer to create a bespoke oceanfront home in one of Sunny Isles’ most recognizable luxury towers.