Data-driven analysis of Miami's luxury real estate market. Updated quarterly.
Last updated: Q1 2026
Indexed to 100 in 2020. Shows relative growth by neighborhood.
Coconut Grove leads appreciation at +78% since 2020, driven by demand for single-family waterfront estates.
Current median prices with year-over-year change.
Waterfront premium vs. non-waterfront properties.
Waterfront properties command a 190% premium over non-waterfront. The gap continues to widen.
Where Miami's luxury buyers are relocating from.
New York remains the #1 source of luxury buyers, driven by tax migration and remote work flexibility.
Luxury properties over $5M take longer to sell due to a smaller buyer pool, but well-priced homes in the $1-2M range are moving quickly—often within 60 days.
Strategic pricing remains critical. Overpriced listings languish while properly positioned properties generate multiple offers.
Get Your Home's Market ValueBillionaire migration from California and New York, combined with tight inventory, suggests 8-15% appreciation in prime neighborhoods through 2026.
Watch Edgewater, Allapattah, and Little River. Early adopters are finding value before the next wave of development.
Cash buyers dominate the luxury market, insulating it from rate fluctuations. Entry-level luxury ($500K-1M) remains rate-sensitive.
Stay informed with the latest Miami and national real estate news.
Trophy waterfront and branded residences continue to outperform from Miami Beach to Palm Beach. Cash buyers dominate $5M+ transactions with 68% coming from tax-migration states. Edgewater and Coconut Grove see strongest appreciation.
Major institutional acquisition signals continued confidence in South Florida commercial real estate despite broader office market challenges nationwide. Brickell financial district remains prime target for REITs.
Waterfront estate in gated Gables community achieves highest per-square-foot pricing of 2026. Sale demonstrates sustained demand for ultra-luxury single-family homes with dock access and privacy.
Three full-floor penthouses enter contract at $18M+ price points. Branded residence demand continues to drive premium pricing in South Florida's ultra-luxury condo market.
Additional hedge funds and fintech firms announce moves to Brickell offices. Financial sector migration driving demand for luxury condos and commercial space in downtown Miami.
Proposed reforms could cap annual assessment increases for primary residences. Proposal draws support from homeowners but concerns from municipal budget planners.
71% of Miami-Dade County transactions close with no financing. National average remains below 30%, highlighting South Florida's unique position as magnet for equity-rich buyers.
Branded ultra-luxury development reports 40% of units in contract before construction completion. Penthouse pricing exceeds $5,000 per square foot, setting new Miami Beach benchmarks.
News curated from trusted industry sources. Last updated: April 2026
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