Miami Beach Homes and Condos

Miami Beach is a coastal resort city in Miami-Dade County, Florida. It is located on a series of natural and man-made barrier islands between the Atlantic Ocean and Biscayne Bay, the latter which separates the Beach from Miami city proper. The neighborhood of South Beach,also known as SoBe, or simply the Beach, begins at the area from Biscayne Street, also known as South Pointe Drive one block south of 1st Street to about 23rd Street and it is one of the most popular areas of Miami Beach.

Miami Beach, the city that’s long been a holiday haven and refuge for millions of visitors from across the country and around the world, has become in the last ten years more than a tourist destination and has proven to be the next major global city that’s on everyone’s radar screen.  Business and real estate interests have exploded on Miami Beach, transforming the city into a global brand regarding retail, restaurant and real estate growth while celebrities and celebrity chefs keep coming to the city.

In terms of Real Estate a house at 34 LaGorce Circle in Miami Beach sold in early May for $14 million, setting a record price per square foot for Miami-Dade County.  Also, in April 2013 the most expensive penthouse apartment was sold on Miami Beach at the Faena House condominium for a record-breaking $50 million. The commercial real estate business is also booming in South Florida. Rent on Lincoln Road has increased from $200/square foot a month to $300/square foot a month and international retailers and companies are opening stores in Miami Beach in volumes.

In terms of Retail a lot of new companies are eyeing the city: Spanish retailer Zara is opening one of its largest stores on Lincoln Road this summer; French bakery Lauderee opened its first ever U.S. location on Miami Beach in February 2014 and the first Adidas by Stella McCartney store in the U.S. is also planned. Other retailers as well as Custo Barcelona and Osklen; luxury car company, Tesla; celebrity clothier, John Varvatos; British cosmetics company, LUSH; and recognizable names like H+M, Forever 21 and Victoria’s Secret are part of this area.

In terms of Culture there are major cultural events happening. In addition to Art Basel, one of the largest furniture and design shows in the world set Miami Beach as location for its first North American fair: Maison & Objet will be exhibiting at the Miami Beach convention center in May 2015. Maison & Objet attracts 80,000 interior designers, decorators, developers, hotels, restaurants, journalists and investors. The successful and popular art fair SCOPE returns to Miami Beach for the second time after retiring from Miami’s Wynwood neighborhood, the Pulse Art Fair is changing location from Wynwood to Miami Beach this year, too.

Property prices, differ very much as there are Condominium Buildings as well as luxury homes, new and old, small and huge, everything for everyone that wants to stay where everything happens.  Statistical information from the area about active listings, closed sales in the past year and rentals can be found by clicking in each property listed below. If you would like more detailed information please don’t hesitate to contact me.

 

Miami Beach Real Estate

 

Miami Beach - South of Fifth Condos

Miami Beach - South Beach Condos

Miami Beach - Venetian Islands

Miami Beach - Mid Beach Condos

Miami Beach Communities

Miami Beach Market Overview as of 04-02-2020

Type For Sale Avg Price Avg $/ Sq.Ft.
Single Family Residence 407 $5,243,243 1256

Miami Beach Market Overview
Single Family Homes by # of Bedrooms

Bedrooms For Sale Avg Price Min Price Max Price Avg Sq. Ft. Avg $/ Sq.Ft.
1 2 $1,834,500 $170,000 $3,499,000 1,043 1758
2 9 $946,877 $399,000 $1,690,000 1,454 651
3 89 $1,663,189 $514,000 $10,500,000 2,243 741
4 124 $2,832,981 $579,000 $15,500,000 3,106 912
5 82 $5,653,992 $899,000 $28,800,000 4,348 1300
6 48 $8,344,583 $675,000 $29,000,000 5,827 1432
7 31 $11,677,903 $1,790,000 $27,000,000 7,716 1513
8 13 $18,251,769 $2,199,000 $32,000,000 9,034 2020
9 2 $18,247,500 $16,500,000 $19,995,000 10,032 1819
10 4 $17,850,000 $2,975,000 $39,950,000 10,380 1720
11 1 $16,900,000 $16,900,000 $16,900,000 12,721 1329
12 2 $17,122,500 $14,495,000 $19,750,000 11,527 1485

Miami Beach Single Family Homes Sold in the Past 6 Months

Bedrooms For Sale Avg Price Min Price Max Price Avg Sq. Ft. Avg $/ Sq.Ft.
2 4 $940,497 $538,990 $1,144,000 1,592 591
3 20 $1,216,950 $499,000 $2,175,000 2,133 570
4 40 $2,606,994 $555,000 $7,495,000 3,141 830
5 12 $7,252,416 $1,300,000 $16,850,000 4,652 1559
6 7 $8,756,285 $1,999,000 $16,900,000 6,771 1293
7 3 $12,295,000 $4,585,000 $22,500,000 7,708 1595
8 2 $11,887,500 $9,975,000 $13,800,000 10,069 1181
9 2 $8,550,000 $8,200,000 $8,900,000 10,121 845
10 1 $16,490,000 $16,490,000 $16,490,000 7,746 2129