What is the Most Expensive Neighborhood in Miami?

What is the Most Expensive Neighborhood in Miami for Single-Family Homes?

Miami is no stranger to ultra-luxury real estate being in the top 10 of preferred places for ultra-high net worth individuals and one of the world’s most desired luxury real estate markets. Many of Miami’s areas offer prestigious waterfront mansions or swanky penthouses overlooking the ocean. In this blog we are showing you the most expensive neighborhoods in Miami for single family homes

What is Miami’s Most Expensive Market for Single Family Homes?

The most expensive Miami homes can be found in Key Biscayne, Miami Beach and Coral Gables. We looked at the highest density of luxurious homes in Miami and then deep dived into the different areas to see the percentage of homes sold in each price category. We did this for actual sales prices as well as for sales prices per SF.

Key Biscayne Homes 

This exclusive island in the middle of the Biscayne Bay offers many waterfront homes which are sought after by boaters and wealthy families. Besides the water frontage, the most attractive aspects of this island are the safety (with 24/7 police control), the presence of one of the best public schools in the USA, the high quality of life and the social scene. Other advantages are the great beaches, national parks and golf courses as well as the proximity to the Financial District in Brickell, Coconut Grove and even Miami Beach.

The Percentage of Key Biscayne Homes sold in each price range

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The Island of Key Biscayne

What is the Most Expensive Neighborhood in Miami? DSG

More information on Key Biscayne Real Estate

Miami Beach Homes

Miami Beach is known for its many waterfront mansions often located on any of the exclusive Miami Beach islands or in the gated communities around the Golf Courses. Miami Beach is sought after by investors from all over the world because of its high-end lifestyle and social scene. Living in a private enclave near the water with 24/7 entertainment nearby. No wonder that Miami Beach luxury homes are one of the most exclusive in all of Miami.

The Percentage of Miami Beach sold in each price range

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North Bay Rd in Miami Beach

What is the Most Expensive Neighborhood in Miami? DSG

More information on Miami Beach Real Estate

Coral Gables Homes

Coral Gables is Miami’s preferred residential market according to a recent poll among 100 Miami realtors. The ideal location, safety, walkability, great school district and wonderful real estate are just a few of the reasons why most families would like to reside in this city. Coral Gables offers a wide range of real estate options from more affordable and smaller homes in the North Gables to multi-million dollar waterfront mansions in any of the many gated communities. Without a doubt the Coral Gables market offers many of Miami’s most exclusive gated communities and most luxurious homes.

The Percentage of Coral Gables Homes sold in each price range

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Cocoplum / Tahiti Island

What is the Most Expensive Neighborhood in Miami? DSG

More information on Coral Gables Real Estate

I am a Miami Luxury Real Estate Agent who loves to talk real estate. For any inquiry about Miami Real Estate please contact me today. Ill be more than happy to tell you more about the market or show you some properties

David Siddons | david@siddonsgroup.com | +1.305.508.0899

FAQ

These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023. 

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!

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