Ocean House, South Beach's Newest Lux Condos Makes Debut

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Signaling a full-throttle return of uber-luxury condo sales in Miami Beach, owner iStar Residential welcomed more than 450 of South Florida's top real estate influencers on May 2nd to showcase their newest South Beach oceanfront residences called Ocean House.

Developer iStar Residential (residential real estate arm of iStar Financial) has created an intimate setting with 18 beachfront homes, including several penthouses exceeding 6,000 square feet. Ocean House captures intimate, resort-like living in the city's idyllic South of Fifth neighborhood.  The property's limited availability, backyard oasis of sand and ocean, and easy access to South Beach's renowned culture and nightlife make Ocean House one of the world's most desirable addresses.

A multi-million dollar redesign by designer Alison Antrobus will preserve Ocean House's historic integrity - original structure built in 1946 -- with completion projected for early 2012. The property will feature world-class amenities as well as exclusive services and perks that offer residents a unique, customized experience in a gracious, residential setting. Features include a private beach club, state-of-the-art gym and spa facilities, beachfront pool with sunning beds and private cabanas, e-concierge and richly appointed entertainment areas, as well as 24-hour security, butler, wine room with resident vintner and individual wine lockers for residents, and valet services. Ocean House residents will also enjoy preferred personalized on-demand benefits including access to renowned restaurants, salons, child and pet care, among others.

Real estate VIP guests in attendance of the grand opening included iStar Financial's Anthony Burns, George Helmstetter and Niels Sorensen; Cervera Real Estate's  Alicia Cervera Lamadrid and Sildy Cervera; The Y Group's John Yanopoulos; Ocean House designer Alison Antrobus; Artefacto's Paulo Bacchi; designer Steven G; restaurateur and Ocean House resident Myles Chefetz; UBS Financial Services' Wyatt Larson; THE COLLECTION's Ken Gorin; Comras Company's Michael Comras; interior designer Sam Robin; jewelry designer Daniela Swaebe; Fortune International Realty's Edgardo Defortuna and wife Ana Cristina; Emmy Award-winning producer Lisa Petrillo; Flagler Group's Ricardo Dunin, and many more.

iStar Residential is one of the largest investors in luxury condominium, multifamily and master-planned residential developments throughout the United States, having financed and invested in $10 billion of residential projects since 1993.  iStar Residential's portfolio has included interests in over 18,000 condominium units in the nation's top markets and 65,000 acres in master planned communities having the potential for an estimated 50,000 single family and multifamily units.