The Most Luxurious condos in Miami

The Most Luxurious Condos In Miami By Neighborhood

As part of our tradition, we’re sharing our top Miami luxury condos for 2024. We’ve listed the best buildings by area and provided key numbers for these condos. We cover price per square foot, appreciation, top sales, and best floor plans. You’ll also find some additional neighborhood information as well as mentions of the new condo developments in the area.

Neighborhood Units for Sale Top Condos Price Range per SF Value Appreciation in last 5 years Preferred Floor Plan
1. Coconut Grove Listings One Park Grove $2,700 to $4,000 70% A Line
Listings Park Grove tower 2 $2,000 to $2,600 78% A Line
2. Brickell Listings Four Seasons $1,400-$1,600 35% E or F
3. Downtown Miami Listings One Thousand Museum $1,500-$2,000 27% 01/02
4. Edgewater Listings Elysee $1,000 - $1,650 N/a 01/02
5. South of Fifth Listings Continuum On South Beach $2,500-$5,000 62% North Tower: 01 or 02 South Tower: 03/04/05 lines
6. Miami Beach Listings Eighty Seven Park $1,700 - $4,500 16%* 01/02
7. Surfside Listings Surf Club Four Seasons Residences $3,850 - $6,500 86% South Tower: 01 or 02 North Tower: 21, 22, 12 and 14
8. Bal Harbour Listings Oceana $1,600 - $4,200 28% 01
9. Sunny Isles Listings Estates at Acqualina $2,200-$2,600 n/a 01/04
10. Fisher Island Listings Palazzo del Sol $3,000-$6,000 n/a A / C
11. Key Biscayne Listings Oceana $1,500 - $2,550 41% 01
*The best lines trade at a higher percentage, and the highly sought-after 02 line has not yet appeared on the resale market, so the data is limited.
Read here why these are the best condos per neighborhood

Original Article follows

 

The Most Luxurious condos in Miami

Read the Updated 2022 Version of this blog here.

The Most Luxurious condos in Miami

The Most Luxurious condos in Miami are unsurprisingly some of the world’s most luxurious condos. In the last few years the bar has been raised again. This original article was written in 2018. Since then much has changed and the level of luxury has evolved.

If you go want to see what are the most luxurious condos in Miami in 2022 or beyond, please read our article: The Best 10 Miami Luxury Condos for 2022.

Want to see what are the best new construction luxury condos in Miami. Then click here to read: The Best Miami New Construction Condos 2022

1. Park Grove in Coconut Grove -The Most Luxurious condo in Miami?

Park Grove is a unique concept in Coconut Grove. One of the first truly luxurious residences in the sky of Coconut Grove.  Park Grove in Coconut Grove is a new architectural masterpiece by Rem Koolhaas’ Office for Metropolitan Architecture. The Park Grove Condo project will feature 3 towers and 298 completely finished residential units located in a 5.2-acre waterfront park with over 50,000 Sq.Ft of amenities and a major collection of Art, displayed throughout the property.

Towers 1 is the most exclusive tower at Park Grove. The condo offers the most expansive units as well as the best bay views.  One Park Grove will have some unique and stunning characteristics like only 3 residences per floor, 12 Ft ceiling, 20 Ft wide balconies, private elevators and some residences will feature private pools.

There are several factors that make Park Grove a very desired condo

  • There is a limited supply of luxury Coconut Grove condos, but a high demand
  • A true luxury product with high-end finishes and state-of-the-art amenities
  • Park Grove in Coconut Grove is located on 5.2 acres of waterfront parcel with over 50,000 Sq.Ft of amenities
  • Park Grove is designed by a world-class team of leading architects, designers, and developers
  • Tower 1 and 2 have 12ft Ceilings and tower 3 has 10 Ft Ceilings
  • Park Grove is located on the coast line of Coconut Grove, a neighborhood that is extremely desired by high net worth individuals and families.
  • Coconut Grove is known for its excellent location, high-end lifestyle and proximity to Miami’s best private schools
Miami’s Best Luxury Condos for 2022. Opinion and Statistical Analysis. DSG

2. Eighty Seven Park in Miami Beach – The Most Luxurious condo in Miami?

Eighty Seven Park is one of the last luxury condos to be launched on the Beach. This superb condo is being constructed in North Beach, a newly discovered part of the beach. As many families or investors want to be close to the action, but not within the action North Beach offers the best alternative. You are right on the sand and just a short drive away from nightlife, restaurants, shops and the world’s best hotels. Since 87 Park and the Four Seasons have been announced more wealthy families are moving from the lower parts of the beach up to the newly found heaven in the North.

It is hard to stand out in Miami’s ultra-luxury condo market where one project is more opulent than the next one, but we recognize a great development when we see one.

There are several factors that make Eighty Seven Park (87 Park) a unique and valuable property

87 Park is an oceanfront development by Pritzker award-winning architect Renzo Piano, which offers only 70 residences on 18 floors with private elevator access. Residences range in size from one to five bedrooms (1,018 Sq.Ft to 4,140 Sq.Ft) with expansive terraces. The oceanfront residences are designed to seamlessly embrace park and ocean. The grounds are surrounded by lush, green areas consisting of the redesigned 35-acre North Shore Park to the south and a private garden, designed by renowned landscape architect West 8 for residents to the north.

The Q1 2020 Miami Real Estate Report: The 10 Most Expensive Condos In Miami.

Located at the gateway to Miami Beach, close to Bal Harbour shopping and Miami’s most exclusive district, Indian Creek, Eighty Seven Park offers unobstructed views of park and ocean in addition to views of Biscayne Bay and the Miami Skyline.

It is this combination of a high-end product with a limited amount of units, located right on the sand with a private park on the premises that attracts a lot of buyers. Residents of Eighty Seven Park can be ensured of unobstructed ocean views, which cannot be said from many other developments. As the park is part of the project, there won’t be any new constructions and your ocean views are safe.

87 Park is truly a unique combination and most buyers value the fact that they invest in Miami Beach, but they buy a very private residence that offers tranquility and luxury, just outside of Miami Beach’s very busy core.

3. Porsche Design Tower in Sunny Isles Beach

The Porsche Design Tower did not perform as well as agents expected it to perform. So in 2022 it no longer makes the Most Luxurious condos in Miami list. There is a new project from the same team underway (slated for 2026) which will be an upgraded version of the Porsche condo. This is the Bentley condo which offers better floor plans, better balconies and better architecture. The Porsche Design Tower is Sunny Isles Beach is the first Porsche Condo ever built in the world, appropriately named P001. The Porsche Design Tower is unique in its kind with its Robotic parking system that will allow its residents to transport and park their cars in their own private Garage (2 -4 Car Garage) at the door step of their residence. This basically means that nobody ever needs to see you coming in and out of your unit. This privacy aspect makes the building highly desired by high profile people. The tower is the first Porsche Designed Tower in the world and in case you are interested: 2% of the world’s billionaires own in this building (that will be some impressive networking). The tower is expected to be delivered in 2016

Why do buyers prefer the Porsche Design Tower in Sunny Isles?

  • The tallest building in the Sand in the USA (60 Floors and 649′ Height)
  • The tower will feature a robotic parking system that will allow its residents to transport and park their cars in their own private Garage (2 -4 Car Garage)
  • The Porsche Design tower will only have 2 or 3 units per floor and Residences rang from 4750 Sq. Ft. to over 9,000 Sq. Ft.
DSG
  • Private swimming pool and summer kitchen on oversize terraces creating a luxurious outdoor living environment[except on P’0393 model].
  • Elegant smooth ceilings rising to 10’ clear and 20’ clear on the duplex units. Floor-to-ceiling windows optimizing views.
  • Private Elevators
  • The amenities include amongst others a private restaurant, a hair salon, a gaming room, a movie theater, a golf simulation room and a spa equipped with a snow room

4. Faena House in Miami Beach – The Most Luxurious condo in Miami?

Faena House Miami Beach is located in the heart of Miami Beach and is a real find. The Lord Norman Foster-designed condo tower next to the Faena Saxony hotel, is designed to be aerodynamic and above the flood plane. It has balconies that can be used like Brazilian verandas, connecting the various spaces in your condo. These deep wrap around balconies are called aleros that feel like rooms really and are interconnected, sort of doubling as hallways.It will have really, really wide pieces of glass for windows and sliding doors. The super-minimalistic kitchens will be fancy and futuristic as a kitchen can be. Faena House is the first luxury tower in the Faena District. A district known for its art, culture and luxury living right on the beaches of Mid Miami Beach. Faena House has attracted many wealthy individuals.

The best luxury condos in Miami DSG

5. The Miami Beach Edition 

The residences at the Miami Beach EDITION are the embodiment of the South Beach Good Life. 26 Luxurious homes next to the beach where one can live with pleasure and without effort. The Residences are designed to meet the needs of modern, sophisticated people who understand the art of living and share the desire to enjoy the freedom of a well-run, well-designed, uncluttered life.

Edition is a Marriott hotel brand with individualized hotels that offer a hip, hotel experience. Developer Ian Schrager was the brains behind Miami’s Delano Hotel and Shore Club, plus a series of equally-successful and hip hotels in New York.

The Residences at EDITION are not merely residences with hotel services. Onsite lifestyle managers cater to the residents’ needs with concierge services, housekeeping and room service as well as more special tasks like renovations and party planning.

Residents will also enjoy priority access to all hotel services and amenities, including VIP restaurant reservations and exclusive access to a private beach

The best luxury condos in Miami DSG

FAQ

These are the most commonly Miami Real Estate Related questions

What should relocation buyers know before buying real estate in Miami?

HOME BUYERS

Relocation buyers looking at homes in Miami should understand that choosing the right house is less about the property itself and more about location, schools, and long-term value. Many buyers make the mistake of focusing on price or finishes, while the real driver of value is the neighborhood and micro-location. Older homes often represent better value, but may also be part of a future redevelopment cycle. Newer homes command premiums, but don’t always sell faster if pricing is ahead of the market. Commute time, school access, and community dynamics are critical and often underestimated. The key is to evaluate homes not just as lifestyle purchases, but as long-term assets within a very localized market.

Sources:
https://luxlifemiamiblog.com/relocating-to-miami/
https://luxlifemiamiblog.com/relocating-to-miami-with-a-family/

CONDO BUYERS:
Relocation buyers should understand that Miami is a highly segmented, building-driven market, not a uniform one. Pricing can vary significantly between similar properties depending on building quality, layout, and financial health. Many buyers assume newer construction equals better investment, but that is often not the case. Factors like HOA fees, reserves, and rental policies can materially impact long-term value and liquidity. Negotiation opportunities often exist, especially in slower segments, but require precise market knowledge. The key is to evaluate micro-markets and individual buildings, not just neighborhoods or price per square foot.

Sources:
https://luxlifemiamiblog.com/miami-real-estate-market-report/
https://luxlifemiamiblog.com/new-construction-miami-guide/

What are the best areas for relocating families with children

For families relocating to Miami with young children, the most recommended neighborhoods are Coral Gables, Coconut Grove, and Pinecrest. Coral Gables offers the best balance of top schools, safety, and long-term value. Coconut Grove is ideal for younger families seeking walkability, greenery, and a lifestyle-driven environment. Pinecrest provides larger homes, excellent schools, and better value for space, making it ideal for growing families. The key driver across all three is access to strong schools and primary residential stability. Relocation decisions are less about new construction and more about long-term livability and resale strength.

Sources:
https://luxlifemiamiblog.com/best-neighborhoods-miami/
https://luxlifemiamiblog.com/what-are-the-best-family-neighborhoods-in-miami-in-2023/

Are new construction condos in Miami a good investment?

New construction condos in Miami can be a good investment—but only if you understand that not all buildings perform the same. According to the David Siddons Group, many buyers assume “new = better,” but in reality, performance depends on pricing, layout, building quality, and long-term demand.  Some new developments set future price benchmarks and can drive long-term appreciation, especially in top-tier projects.  However, many are priced aggressively at launch, and buyers relying on marketing instead of data often overpay.
The market is highly segmented, meaning two new buildings next to each other can perform very differently.
The best opportunities typically come from selecting the right building early or negotiating correctly in later phases.
In short: new construction is not automatically a good investment—it becomes one only with building-level analysis and disciplined entry pricing.

Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/
https://luxlifemiamiblog.com/beyond-clickbait-real-insights-into-miamis-luxury-condo-market/

Why is buying a Miami condo riskier than buyers think?

Buying a Miami condo is often riskier than buyers expect because the true risks are at the building level—not visible in the listing price. Many buyers focus on finishes and views, while overlooking HOA reserves, insurance exposure, and potential special assessments. In reality, two identical units in different buildings can perform completely differently over time. Rising HOA fees and stricter regulations are also increasing the true cost of ownership, especially in older buildings. Liquidity can be affected by factors like financial health, rental policies, and ongoing repairs. The key risk is not the condo itself—but buying into the wrong building without proper due diligence.

Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/miami-condo-market-risks/

What are Miami's Safest Areas?

The safest areas in Miami are typically Coral Gables, Coconut Grove, Pinecrest, Key Biscayne, and Ponce-Davis. These neighborhoods stand out due to low density, strong community presence, and high concentration of full-time residents, which directly impacts safety. In Miami, safety is highly localized, meaning micro-location and specific streets matter more than zip codes. Areas with top schools and family-driven demand tend to maintain stronger safety profiles over time. Gated communities and low-traffic residential streets further enhance security. Ultimately, the safest areas are defined less by price and more by stability, schools, and residential character.

Sources:
https://luxlifemiamiblog.com/safest-place-live-miami/
https://luxlifemiamiblog.com/best-neighborhoods-miami/

Which Miami Areas Still offer Great Value (Budget Friendly alternatives to Coral Gables and Pinecrest)

If you’re looking for better value than Coral Gables or Pinecrest, the answer (in true Siddons style) is not “go cheaper”—it’s go one layer outside the obvious markets.

The strongest value plays are:

  • Schenley Park → closest substitute to Coral Gables at ~20% discount while maintaining similar character and location
  • Biltmore Heights → almost identical feel to the Gables but ~25–30% cheaper on a $/SF basis
  • Glenvar Heights → central location with larger lots and ~25% pricing advantage vs South Miami/Gables
  • Baptist / Galloway (Kendall) → Pinecrest-style living (space, schools, land) at up to ~30% lower pricing

The pattern is consistent:
👉 Buyers are shifting west and slightly off-market to gain land, scale, and pricing efficiency. You don’t find value by going to a “cheaper neighborhood”—you find it by identifying adjacent micro-markets that offer the same lifestyle fundamentals without the brand premium.

Sources:
https://luxlifemiamiblog.com/best-value-neighborhoods-miami/
https://luxlifemiamiblog.com/category/miami-neighborhoods/

Is NOW a good time to buy in Miami?

In 2026, the answer is yes—but only if you understand what part of the market you’re buying into. Miami is no longer one market; it has split into multiple segments behaving very differently. From a David Siddons perspective, this is a selective buyer’s window, not a broad “good time” headline. Some segments—especially condos with rising inventory—are offering negotiation opportunities and better entry points. 

At the same time, prime single-family homes and top-tier new construction continue to hold value or even trade near record levels.

Buyers who rely on timing the market often miss the point—success in Miami today comes from selecting the right micro-market and asset, not waiting for a crash.  If you are disciplined on pricing, building quality, and location, this market offers opportunity. If you are not, it is easy to overpay. 2026 is a good time to buy in Miami for informed buyers—because the market is fragmented, negotiation exists, and strategy matters more than ever.

Sources:
https://luxlifemiamiblog.com/miami-real-estate-market-report-q1-2026/
https://luxlifemiamiblog.com/market-reports/

Are Miami real estate prices going down in 2026?

No—but that’s the wrong way to look at it. Miami is not one market anymore, so prices are not moving in one direction. In 2026, the market is split into two: ultra-luxury, scarcity-driven areas (like waterfront and top-tier neighborhoods) are still holding or even rising, while mid-tier condos and oversupplied segments are flat or correcting. What we’re seeing is price divergence, not a crash—some properties are gaining value while others are quietly adjusting downward. Rising inventory and more selective buyers are putting pressure on pricing in certain segments, especially older condos or buildings with weaker fundamentals.
At the same time, global wealth and cash buyers continue to support pricing at the top end of the market. So the real answer: prices aren’t broadly dropping—they’re being repriced based on quality, location, and supply.

Miami Real Estate Market Report Q1 2026

Should I buy a house or a condo when relocating to Miami?

The decision comes down to lifestyle first, investment second—and most relocation buyers get that backwards. If you want space, privacy, schools, and long-term family living, a single-family home in areas like Coral Gables or Coconut Grove is typically the stronger choice. If you prioritize walkability, low maintenance, and proximity to business districts, a condo in Brickell or waterfront markets makes more sense.
From an investment perspective, homes tend to be more stable, while condos are more building-dependent and cyclical. Most relocation clients underestimate how much building quality, HOA structure, and future costs impact condo performance. The right answer isn’t “house vs condo”—it’s which asset fits your lifestyle AND holds value within its micro-market.

 

 How do I choose the right Miami neighborhood for my lifestyle?

Choosing the right neighborhood in Miami comes down to how you live day-to-day, not just where prices are. Relocation buyers should first define priorities: walkability, schools, commute, or waterfront lifestyle.
For example, Coconut Grove fits walkable, family-oriented living, while Brickell suits urban, high-rise lifestyles. Buyers often make the mistake of focusing on price per square foot instead of lifestyle fit and long-term livability. Each neighborhood operates like its own micro-market, so the “best” area depends on your daily routine and long-term goals. The key is to align lifestyle, location, and market fundamentals, not just aesthetics or newness.


https://luxlifemiamiblog.com/best-neighborhoods-miami/

Why are Miami condo prices so different between buildings?

Miami condo pricing varies widely because value is determined at the building level, not just by location. Two buildings next to each other can have major differences in financial health, reserves, HOA fees, and management quality. Buyers also pay premiums for better layouts, views, amenities, and newer construction—but not all “new” buildings perform equally. Factors like rental policies, upcoming assessments, and building reputation can significantly impact resale value. This is why price per square foot alone is misleading in Miami’s condo market. The real driver of value is how that specific building competes within its micro-market over time.

Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/

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