In a powerful new collaboration, two of South Florida’s most prominent real estate developers—Terra and Fortune International Group—have acquired the former Silver Sands Beach Resort in Key Biscayne for $205 million, setting the stage for a new era of luxury living on the exclusive island. The project, a 56-residence branded boutique condominium, promises to be the most climate-resilient development in Key Biscayne and one of the most architecturally refined residential properties in Miami-Dade.
A Rare Opportunity on the Island
Located at 301 Ocean Drive, the prime oceanfront site will be transformed into an ultra-luxury destination that harmonizes with the lush, laid-back, and culturally vibrant environment of Key Biscayne. This is a rare opportunity for buyers seeking high-end coastal living just minutes from Downtown Miami, yet worlds away in atmosphere and community charm.
Construction is expected to begin in late 2026.
Sustainable Design Meets Tropical Elegance
The new condominium will be designed by the acclaimed Touzet Studio, with landscaping by Raymond Jungles, renowned for his ecologically sensitive, tropical landscape architecture. The architectural design draws inspiration from the iconic Stiltsville houses of Biscayne Bay, with a floating, tropical modern aesthetic that elevates the building—both literally and metaphorically—above traditional residential projects.
This development is not just about beauty—it’s built for resilience. The site will feature:
- Rain gardens and bioswales
- Drainage wells and a cistern system
- Environmentally responsive architecture
These features reflect the developers’ commitment to sustainability and will establish a new standard for climate-conscious oceanfront living in South Florida.
World-Class Amenities
Future residents will enjoy a thoughtfully curated selection of resort-style amenities, including:
- A fine dining restaurant
- Two resort-style pools
- Indoor and outdoor social lounges
- A wellness-focused fitness center and spa
The design and services aim to merge the privacy of boutique living with the indulgence of five-star hospitality.
Investing in the Future of Key Biscayne
Beyond private luxury, this project will also contribute significantly to the Village of Key Biscayne. Terra and Fortune will invest in local infrastructure improvements, such as:
- Upgraded drainage systems
- Enhanced traffic circulation
- Contributions to public parks through the Village’s Land Acquisition Trust
The development is also projected to generate a substantial increase in the local tax base, offering long-term benefits to the community.
A Proven Track Record
This Key Biscayne venture continues the legacy of excellence by both developers. Terra’s portfolio includes acclaimed projects like Five Park in Miami Beach, Villa Miami in Edgewater, and The WELL Bay Harbor Islands. Fortune International Group is behind some of South Florida’s most prestigious addresses, including The Ritz-Carlton Residences in Sunny Isles Beach and Pompano Beach, St. Regis Residences Sunny Isles Beach, and ORA by Casa Tua in Brickell.
Final Thoughts
This upcoming ultra-luxury development in Key Biscayne marks a significant milestone in the evolution of Miami’s high-end real estate. With sustainability, design innovation, and community engagement at its core, the project is poised to redefine island living for the modern era.
Interested in learning more or reserving a residence? Contact Priority Miami for early access and VIP updates.