Ocean Three Homes for Sale

Ocean Three is a luxury waterfront, luxury community in Sunny Isles Beach, Miami-Dade County, Florida. Properties are priced from $1,500,000 to $3,800,000. Pure Equity lists homes in Ocean Three and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Ocean Three and the Sunny Isles Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 9 Ocean Three Sunny Isles Beach homes for sale as of October 2026. The median asking price is $2.0M. Asking prices run from $1.23M to $3.49M.

That is 171% above the Sunny Isles Beach median of $735,000. On a per-foot basis, homes here ask about $866 per square foot, compared with $572 across Sunny Isles Beach. So the median price buys roughly 2,300 square feet of living area.

Listings here have averaged 558 days on the market. That is slower than the Sunny Isles Beach average of 201 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Ocean Three date from 2003, so they are about 23 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Ocean Three includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Ocean Three is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

At a median near $2.0M, Ocean Three sits in the luxury tier of Sunny Isles Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Ocean Three have a median asking rent of $8,338 per month, across 10 active rental listings. For comparison, the Sunny Isles Beach median is $5,200, so rents here run 60% higher.

For investors, those medians imply a gross yield near 5.0% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Sunny Isles Beach rentals or ask us for a rent estimate on a specific Ocean Three home.

Here is what the median Ocean Three price means in Florida closing terms. At $2.0M, a 20% down payment comes to about $399,000, leaving a loan near $1.6M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $5,586. Next, the intangible tax of 0.2% adds about $3,192. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $11,970 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Ocean Three listings show assignments to Highland Oaks (middle) and Alonzo and Tracy Mourning (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.