The development at 301 Ocean Drive informally known as Sands or 301 Key Biscayne represents the first new condominium project on the island in over a decade. Occupying the rare 3.8-acre oceanfront site formerly held by the Silver Sands Beach Resort, this project is a joint venture between South Florida powerhouses Terra Group and Fortune International Group. Designed by the award-winning Touzet Studioin collaboration with ODP Architecture & Design, the 13-to-14-story boutique tower features 56 ultra-luxury residences. Following a record-breaking $205 million land acquisition in 2025, construction is slated to begin in late 2026 with an estimated completion in 2027-2028.

Inspired by the historic “Stiltsville” homes of Biscayne Bay, the architecture features a “floating” tropical modern aesthetic. The project is being championed as the most climate-resilient property on the island, with the building raised three feet above current standards to account for sea-level rise and integrated with advanced stormwater retention systems. Residences are designed as expansive oceanfront estates, with floor plans ranging from 3,354 to over 4,700 square feet, ensuring a low-density, highly private living experience.

Project Overview and Developer Vision

The vision for Sands Key Biscayne, led by David Martin (Terra) and Edgardo Defortuna (Fortune), is to balance high-end luxury with environmental stewardship. The developers have committed to significant infrastructure improvements for the Village, including a $1.5 million contribution to local drainage systems and over $500,000 for traffic intersection upgrades.

The design utilizes “Contextual Urbanism,” where the building is set back to preserve view corridors while appearing to rise from a lush native forest curated by landscape architect Raymond Jungles. This biophilic approach extends to the “Island Walk” and rain gardens, creating a seamless transition from the beach to the residential interiors.

Key Project Stats

Architecture and Design Excellence

Residences at 301 Ocean Drive are defined by their “Flow-Through” layouts, capturing both Atlantic Ocean sunrises and Village sunsets. Touzet Studio has emphasized 9-to-10-foot ceilings and floor-to-ceiling glass to maximize the natural light of the island. The units are delivered fully finished with premium natural stone, custom European cabinetry, and gourmet kitchen suites.

A defining feature of the design is the use of deep, cantilevered balconies that provide substantial shade and outdoor living space. The residences also feature private elevator lobbies and high-speed keyless entry systems, catering to a sophisticated demographic that prioritizes security and seamless transition.

Residence Features Table

World Class Amenities and Services

Sands Key Biscayne offers an amenity program focused on wellness and beachside leisure, functioning as a private club for its 56 owners.

Amenities Table (Wellness and Social)

Pricing and Investment Potential

As the only new-construction oceanfront project in Key Biscayne, Sands is positioned at the pinnacle of the market. While official pricing is currently upon request as sales transition from reservations to contracts, market analysts estimate entry points starting in the $7M to $9M range, with upper-floor units and penthouses expected to command between $2,500 and $3,500 per square foot.

Market Context (March 2026)

• Scarcity: No new condo supply on the island for over 10 years.

• Resale Competition: Older oceanfront units at Oceana or Grand Bay currently trade between $1,500 and $2,200 PSF, giving the brand-new Sands project a significant premium position.

• Land Value: The $205M acquisition price the highest in the island’s history underscores the long-term equity potential of the site.

Why Choose Sands Key Biscayne

• Elite Partnership: Developed by Terra and Fortune, the teams behind South Florida’s most iconic towers.

• Ultimate Low-Density: Only 56 units on nearly 4 acres of oceanfront land.

• Future-Proof Design: The most climate-resilient and sustainably designed tower on the island.

• Modern Heritage: Architectural design that honors the unique history of Key Biscayne.

Why Partner With Us for Sands

Acquiring a residence in such a limited-supply environment requires immediate access to developer-side data. We provide our clients with priority access to the “Founder’s Circle” reservations and detailed floor plan comparisons. Given the ongoing litigation from neighboring towers attempting to preserve their views, our team provides an objective legal and zoning overview to ensure your investment is protected.