Silver Sands Residences Key Biscayne The First New Oceanfront Condominium on Key Biscayne in Over a Decade
Overview
Silver Sands Residences is a boutique oceanfront redevelopment of one of the last remaining hotel sites on Key Biscayne. Located at 301 Ocean Drive, the project introduces 56 ultra-luxury residences into an island market that has seen no new condominium development in over a decade — since Oceana Key Biscayne delivered. Developed by Terra Group and Fortune International, with architecture by Touzet Studio, the building draws its design language from Stiltsville, the historic stilted structures in Biscayne Bay, creating a floating architectural expression elevated above the landscape with a tropical modern material palette of stone, wood, and textured finishes.
The residences are designed as primary homes, not seasonal units. Floorplans range from 3,354 to 4,788 square feet in standard layouts, with penthouses exceeding 8,000 square feet and featuring private pools. Every residence includes private elevator entry, deep ocean-facing terraces, and strong indoor-outdoor integration. The 221 subterranean parking spaces deliver a nearly 4:1 ratio — a number that reflects the full-time living orientation of the project and a level of infrastructure investment rarely seen in Miami's new development pipeline.
The project also incorporates a resiliency-first approach that distinguishes it from legacy Key Biscayne inventory. The elevated structural design, site-level flood mitigation, and developer-funded drainage and neighborhood infrastructure improvements position Silver Sands as one of the more forward-thinking residential developments on the island. For buyers coming from markets like New York and Palm Beach, this combination of modern construction, oceanfront scale, and long-term resilience planning represents a fundamentally different proposition from the existing Key Biscayne condo stock.
Silver Sands Residences Key Biscayne at a Glance
301 Ocean Drive, Key Biscayne, FL 33149
Terra Group & Fortune International
Touzet Studio
2028
56
13
Condominium
Key Biscayne
Why Buyers Choose Silver Sands Residences Key Biscayne
Silver Sands Residences addresses a gap in Key Biscayne's market that has existed for over a decade. Here is why the buyers we work with are paying attention.
The Only New Oceanfront Game in Town
Key Biscayne has had no new oceanfront condominium development since Oceana delivered. Silver Sands is the only project in the current pipeline offering new construction, modern architecture, and boutique scale on the island's ocean side. For buyers who have been circling Key Biscayne but waiting for modern product, there is no alternative — and the island's limited land supply suggests there may not be another opportunity like this for years.
Full-Time Living Design, Not Seasonal
The 3,354-8,000+ SF floorplans, 3-5 bedroom layouts, private elevator entries, and 4:1 parking ratio all signal that Silver Sands is designed for primary residences. This is not a building optimized for part-time use or rental income — it is designed for the buyer who is making Key Biscayne their home. Our clients relocating from New York consistently tell us that this level of space and infrastructure is what convinced them to commit to the island.
Resiliency as an Investment Thesis
Silver Sands incorporates elevated structural design, site-level flood mitigation, and developer-funded neighborhood drainage improvements. This is not a marketing talking point — it is a genuine differentiator for an oceanfront property on a barrier island. Our team considers climate resilience to be one of the most important factors in long-term value preservation for coastal real estate, and Silver Sands addresses it more comprehensively than any existing building on Key Biscayne.
Terra Group's Architectural Track Record
Terra has consistently delivered buildings that become landmarks: Grove at Grand Bay with Bjarke Ingels, Glass with Rene Gonzalez, Park Grove with Rem Koolhaas. Their willingness to invest in world-class architecture and their track record of execution give us confidence that Silver Sands will meet the standards its $4M-$25M+ price points demand. The $205 million land acquisition further signals the developers' conviction in the project's long-term trajectory.
Our Take on Silver Sands Residences
Silver Sands is the project we have been waiting for on Key Biscayne. The island has always had the fundamentals — ocean frontage, privacy, proximity to Brickell, strong schools, controlled density — but it has lacked modern inventory that matches the expectations of today's $5M-$25M buyer. The existing stock (Grand Bay Residences, Ocean Club, Oceana) offers scale and location, but the buildings are aging and the floorplans do not reflect contemporary living standards. Silver Sands changes the conversation entirely. With Touzet Studio's Stiltsville-inspired architecture, 56 residences on 13 floors, and floorplans up to 8,000+ square feet, this is the first building on Key Biscayne that competes with the best new product in Coconut Grove, Miami Beach, and Palm Beach.
The investment case is straightforward: supply constraint in a desirable market with no comparable pipeline. The $205 million land basis alone signals what the developers believe this site is worth, and the projected $4M-$25M+ pricing would establish a tier that Key Biscayne has never consistently supported. We are particularly encouraged by the 4:1 parking ratio and the resiliency investments — these are details that matter to the sophisticated buyer and that will differentiate Silver Sands in resale. The NYC-to-Key Biscayne migration trend, driven by tax savings and lifestyle upgrade, provides a natural demand base that did not exist five years ago.
On the honest-assessment side, buyers should understand that Silver Sands is pre-construction with a 2028-2029 estimated delivery — this is a commitment that requires patience. Key Biscayne's resale market above $10M has historically been thin, so the project is creating a price tier rather than entering an established one. The island's single-access-point via the Rickenbacker Causeway can be a friction point during peak hours. And while Touzet Studio is a respected firm, they do not carry the global name recognition of a BIG or OMA — buyers should visit the architects' existing work to assess the design sensibility firsthand. That said, for buyers who understand the fundamentals and have the time horizon, Silver Sands represents what we believe is the most compelling new-development opportunity in South Florida's oceanfront market.
About Silver Sands Residences Key Biscayne
Silver Sands Residences is the first new oceanfront condominium on Key Biscayne in over a decade, occupying the 301 Ocean Drive site that Terra Group and Fortune International acquired for a record $205 million. The 13-story, 56-residence building designed by Touzet Studio introduces modern architecture, large-format floorplans, and resiliency-focused construction into an island market that has been defined by buildings from the 1990s and early 2000s. For buyers who have been waiting for new product on Key Biscayne, the wait is over — and the result is a building that resets expectations for what oceanfront living on this island can look like.
Our brokerage has long considered Key Biscayne one of the most undervalued oceanfront markets in South Florida relative to comparable barrier island communities. The island's combination of privacy, natural beauty, and proximity to Brickell (15 minutes by car) creates a living proposition that is difficult to replicate elsewhere. What Key Biscayne has lacked is modern inventory — and Silver Sands addresses that gap directly. The residences range from 3,354 to over 8,000 square feet, with penthouses featuring private pools, and the 221 subterranean parking spaces (a nearly 4:1 ratio) reflect the full-time living orientation that distinguishes this project from seasonal-use developments.
The investment thesis for Silver Sands rests on supply constraint and market maturation. There are no comparable new, boutique, oceanfront developments currently in Key Biscayne's pipeline, and the island's limited land supply ensures that future competition will be minimal. The project is expected to establish a consistent $10M-$20M+ pricing tier on Key Biscayne — a level the island has historically lacked depth in. For buyers relocating from New York, the value proposition is particularly compelling: a $5 million budget that buys a two or three-bedroom condo in Manhattan delivers a full oceanfront residence on Key Biscayne, with no state income tax as an additional incentive.
Terra Group's track record of delivering architecturally significant buildings — Grove at Grand Bay with BIG, Glass with Rene Gonzalez, Park Grove with OMA — gives us confidence that Silver Sands will meet the standards its price point demands. Combined with Fortune International's sales expertise and Touzet Studio's contextually sensitive design approach, this is a development team that understands both the market and the architectural ambition required to define a new chapter for Key Biscayne. Contact our team at Manhattan Miami for early access registration, floor plans, and a candid assessment of how Silver Sands fits within your portfolio.
Residence Collection
Oceanfront Residence
3,354 - 4,200 SF
Premium Oceanfront Residence
4,200 - 4,788 SF
Penthouse Collection
8,000+ SF
Residences from $4M
World-Class Amenities
Oceanfront Pool & Private Beach
Direct Atlantic Ocean frontage with a resort-style oceanfront pool and private beach access — the defining amenity of any Key Biscayne oceanfront property, delivered here with the infrastructure and design standards of a 2028 development.
Wellness & Fitness Center
A comprehensive wellness facility designed for the active, health-conscious buyer profile that Key Biscayne attracts. The emphasis is on quality equipment, natural light, and ocean proximity — not spectacle.
Resident Lounge & Private Dining
Intimate social spaces reflecting the boutique scale of the building. With only 56 residences, the high staff-to-resident ratio ensures a level of personalized service that larger buildings cannot match.
Pool & Beach
- Oceanfront swimming pool
- Private beach access
- Poolside cabanas
- Outdoor dining areas
Wellness & Fitness
- State-of-the-art fitness center
- Spa and treatment rooms
- Yoga and movement studio
- Sauna and steam facilities
Social & Entertainment
- Resident lounge
- Private dining room
- Outdoor entertaining areas
- Children's activity spaces
Services & Building
- 24-hour concierge
- Valet parking
- High staff-to-resident ratio
- Package and delivery management
Kitchen
- Premium appliance package
- Natural stone countertops
- Custom cabinetry
- Tropical modern material palette
Bathrooms
- Spa-inspired primary bathrooms
- Natural stone finishes
- Rainfall shower systems
- Freestanding soaking tubs
Living Spaces
- Floor-to-ceiling glass
- Deep ocean-facing terraces
- Private elevator entry
- Indoor-outdoor flow-through design
Parking & Infrastructure
- 221 subterranean parking spaces
- ~4:1 parking ratio
- Elevated resilient construction
- Developer-funded drainage improvements
Resilience & Sustainability
- Resiliency-first design with elevated structural construction
- Site-level flood mitigation engineered for future sea-level projections
- Developer-funded neighborhood drainage and infrastructure improvements
- Climate-responsive architecture by Touzet Studio with natural ventilation
The Visionaries
Terra Group
Co-Developer
Fortune International Group
Co-Developer
Touzet Studio
Architecture
Key Biscayne — Oceanfront Living Near Brickell
Key Biscayne is a barrier island community that offers privacy, controlled density, and strong residential character within 15 minutes of Brickell and downtown Miami. The island's limited development pipeline, direct ocean frontage, and village-scale lifestyle make it one of South Florida's most distinctive residential markets. Silver Sands sits on the ocean side of the island with direct Atlantic frontage.
Beach & Nature
Key Biscayne offers some of the best beaches in South Florida, including Crandon Park and Bill Baggs Cape Florida State Park at the island's southern tip.
Village & Dining
The Key Biscayne village center offers a walkable, family-oriented environment with restaurants, cafes, and local shops — a stark contrast to the intensity of Miami Beach or Brickell.
Proximity to Miami
Despite its island seclusion, Key Biscayne is remarkably close to Miami's financial and cultural core via the Rickenbacker Causeway.
Schools & Family
Key Biscayne is known for its family-oriented community with highly rated schools, safe streets, and abundant outdoor activities — a primary reason families choose the island over mainland alternatives.
Compare Silver Sands Residences Key Biscayne to Nearby Buildings
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Luxury Neighborhoods in South Florida
Frequently Asked Questions
What is Silver Sands Residences Key Biscayne?
Silver Sands Residences is a boutique 13-story oceanfront condominium at 301 Ocean Drive, Key Biscayne — the first new oceanfront development on the island in over a decade. Developed by Terra Group and Fortune International with architecture by Touzet Studio, it offers 56 ultra-luxury residences ranging from 3,354 to over 8,000 square feet, with an estimated delivery of 2028-2029.
How much do residences at Silver Sands cost?
Projected pricing ranges from approximately $4 million for standard oceanfront residences to $25 million or more for penthouses. The project is expected to establish a consistent $10M-$20M+ pricing tier on Key Biscayne — a level the island has historically lacked depth in. Contact our team at Manhattan Miami for the latest pricing releases and availability.
Who is developing Silver Sands Residences?
Silver Sands is a joint venture between Terra Group, led by David Martin, and Fortune International Group, led by Edgardo Defortuna. Terra's portfolio includes Grove at Grand Bay, Glass, and Park Grove. Fortune International has developed or marketed over $10 billion in real estate. The $205 million land acquisition signals the developers' confidence in Key Biscayne's long-term trajectory.
What makes the architecture distinctive?
Touzet Studio's design draws from the vernacular of Stiltsville — the historic stilted structures in Biscayne Bay. The result is a floating architectural expression elevated above the landscape, with a tropical modern material palette of stone, wood, and textured finishes. The building is also designed with a resiliency-first approach, including elevated construction and site-level flood mitigation.
How does Silver Sands compare to existing Key Biscayne buildings?
Silver Sands introduces modern construction, contemporary architecture, and large-format residences into an island market dominated by buildings from the 1990s and 2000s. Existing buildings like Grand Bay Residences and Ocean Club offer scale and lifestyle but lack the modern construction standards, resilient design, and parking infrastructure (221 spaces, ~4:1 ratio) that Silver Sands delivers.
Why are NYC buyers relocating to Key Biscayne?
Key Biscayne offers a combination that resonates strongly with New York buyers: no state income tax, significantly larger living environments, direct oceanfront access, and proximity to Miami's financial centers (Brickell is 15 minutes away). A $5M budget that buys a 2-3 bedroom condo in Manhattan delivers a full oceanfront residence on Key Biscayne — a value proposition that is accelerating the relocation trend.
Your Silver Sands Residences Key Biscayne Awaits
Our specialists will provide personalized pricing, floor plans, and exclusive developer incentives.
301 Ocean Drive, Key Biscayne, FL 33149