Miami Beach Permit Issued for $67.4M Building at 7400 Ocean Terrace
Permit 2027005355 for a $67,425,600 new residential building at 7400 Ocean Terrace was issued Oct. 26, with the owner LLC listed as its own contractor.
- Source Briefing
- Public record
- Also reported by Florida YIMBY
Miami-Dade County permit records show a new building permit issued Oct. 26 for 7400 Ocean Terrace in Miami Beach, valued at $67,425,600. The owner of record is 7400 Ocean Terrace LLC, and the contractor field reads “OWNER.”
Why it matters
Permit 2027005355 is classified as a new building for residential use of five units or more, and it lists 337,128 square feet. A permit of that size is the step that typically precedes vertical construction, and it lands in the North Beach corridor that South Florida developers have been watching.
The news that moved today. Free email. Every weekday morning.
The record does not name a developer. Florida YIMBY reported in November 2025 that a 20-story project called Ocean Terrace was planned to break ground in 2026 at 7450 Ocean Terrace, and tied it to Witkoff and Sandor Scher. The owner LLC name here matches that project name, but the permit itself does not confirm the link, and the street number differs (7400 versus 7450).
The numbers
- Estimated value: $67.4M
- Permit fee total: $145,279
- Area: 337,128 square feet
- Application date: Dec. 10, 2025; issued Oct. 26, 2026
- Folio: 0232020030060, legal description Harding Townsite, PB 34-4
- Proposed use: five units or more, residential
The record lists 5 units and 1 floor. Those fields look like placeholders for a building of this size, so we are not treating them as the final design. No architect is listed.
What’s next
The record shows no inspections and no certificate of occupancy yet, so construction has not been logged as started. The contractor field is the open question: “OWNER” means no general contractor of record is named, and a licensed builder would normally appear on a later permit or an amendment.
We will watch for a contractor filing, a lender or financing recording against the folio, and any developer confirmation. For earlier coverage of the corridor, see Witkoff and Lefferts North Beach highrise corridor.
More in Foreclosure & Distress News. Every South Florida foreclosure case, with the debt and the case file, is on the Deal Board.
On the record
Permit 2027005355 (process M2026005067) for a NEW BUILDING at 7400 Ocean Terrace, folio 0232020030060, was issued 2026-10-26 at an estimated value of $67,425,600, owner 7400 OCEAN TERRACE LLC, contractor listed as OWNER.
Public record · miamidade.gov
Also reported by