Ocean Five
Ocean Five is a boutique condominium at 448 Ocean Drive, set on the southwest corner of Ocean Drive and 5th Street in Miami Beach's South of Fifth neighborhood. Built in 2006, the low-rise building rises five stories and holds just 16 residences, a scale that keeps it intimate compared to the district's larger towers. Residents have access to a rooftop pool, a fitness center, 24-hour valet, concierge service, and garage parking. Notably, the association permits daily and short-term rentals without restriction, making it a favored option among investors as well as full-time residents. The building sits within walking distance of the beach, Lummus Park, and the restaurants, galleries, and nightlife of South of Fifth.
Amenities
- Rooftop pool
- Fitness center
- 24-hour valet parking
- Concierge service
- Garage parking
- Daily/short-term rentals permitted (no restriction)
South of Fifth (SoFi) is the southernmost pocket of South Beach, bounded roughly by 5th Street and the tip of Miami Beach, known for its low-rise boutique buildings, proximity to South Pointe Park and the beach, and a concentration of upscale restaurants and galleries. It has a Walk Score in the high 90s, reflecting its highly walkable, pedestrian-oriented streets just steps from the sand.
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Miami Beach, FL 33139
Available Residences at Ocean Five
2 Bedroom Condos · 1 unit
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 302 | $2,299,000 | 2 / 2 | 1,446 | $1,590 | 75 |
1 Bedroom Condos · 1 unit
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 303 | $985,000 | 1 / 1 | 830 | $1,187 | 121 |
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ANALYTICS
CURRENT INVENTORY
INVENTORY BY BEDROOM
- 1 Bed (1) 50%
- 2 Bed (1) 50%
INVENTORY TREND (ALL UNITS)
Market & Community Report
As of July 2, 2026, Ocean Five carries 2 active listings at an average asking price of $1.6M, with an average time on market of 98 days. Closed sales over the preceding 36 months averaged — per sq ft, and 0 transactions closed in the past 12 months — implying — months of supply against the current pace of absorption.
Zip code 33139 (Miami Beach) is home to 34,406 residents with a median age of 42.1. Per-capita income stands at $88,782; 55.4% hold a bachelor's degree or higher. 33.9% of units are owner-occupied; 26.7% of residents work from home.
Data current as of July 2, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.
Frequently Asked Questions — Ocean Five
How many condos are for sale at Ocean Five?
As of July 2, 2026, 2 residences are actively listed for sale at Ocean Five. Current asking prices range from $985K to $2.3M. Inventory updates daily from the MLS.
How much do condos at Ocean Five cost?
Condos at Ocean Five are currently asking from $985K to $2.3M. Final pricing varies by floor, line, square footage, finishes, and view.
Where is Ocean Five located?
Ocean Five is located at 448 Ocean Dr, Miami Beach, FL, 33139, in the South Beach area.
What neighborhood is Ocean Five in?
Ocean Five is in South Beach, Miami Beach. You can compare every condo building, home inventory, and price trend across South Beach on its neighborhood guide.
What amenities does Ocean Five offer?
Ocean Five amenities include Rooftop pool, Fitness center, 24-hour valet parking, Concierge service, Garage parking, Daily/short-term rentals permitted (no restriction).