The Best Miami Luxury Condos in 2024 | Ranked 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 the key statistics 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.

It’s important to know that I have been successfully selling luxury condos in Miami for over 15 years. As a result, I am constantly exposed to ‘off-market deals’ in almost all these luxury condos detailed below. Once you have read this blog and watched the video, please call me: (305 508 0899) or email me: (David@siddonsgroup.com) and I can advise you according to your needs. Assuming you are convinced that I am best equipped to help you buy that perfect condo, I will happily discuss dozens of my off-market options with you!

The Best Luxury Condo in Coconut Grove: Park Grove

Park Grove is an exceptional project, with appreciation rates between 70% and 78%. While this is the average number, some floor plans have experienced even more appreciation. Spanning five acres, Park Grove provides extensive services, amenities and privacy. Developed by Terra Group, it’s a high-quality project. A testament to its quality is that many owners, especially those in the A line, are reluctant to sell, as they believe there’s no better place to live. The preferred and prime units are in the A line, though most lines are outstanding. Tower 1 is preferred for its views, while Tower 2 shares the same floor plans but with some obstructions.  Part of Park Grove’s charm is its location in Coconut Grove. Coconut Grove is Miami’s oldest and most authentic waterfront neighborhood. It feels like a quaint town within a city, offering safety, walkability, family-friendliness, and proximity to top schools. Read our latest Coconut Grove condo report here.

Top new condos in the area include VITA, Four Seasons Private Residences, and the upcoming Mr. C. Residences. The Mr C Residences will be available for resale from around June 2024. Contact me for on and off market opportunities.

The Best Luxury Condo in Brickell: The Four Seasons Residences

The Four Seasons stands out as the premier condo in the Brickell area, commanding the highest sales price per square foot. Despite being a dated building, its quality remains exceptional. The most coveted lines, E and F, offer stunning bay views, making them the epitome of luxury living.  The Four Seasons Residences is currently the only true luxury condo available.. Additionally, Santa Maria and Carbonell are noteworthy choices for discerning buyers. Please find our latest Brickell Condo report here.

Looking ahead, exciting developments include 1428 Brickell, Cipriani, Baccarat, and my personal favorite, the Mandarin Oriental Residences.

Best Miami Condo in Miami Downtown: One Thousand Museum

One Thousand Museum is undoubtedly the best new condo in the downtown corridor. It stands out as the only true luxury condo, offering expansive residences that span half or an entire floor, starting at 4,600 square feet. Every unit boasts stunning bay views, embodying true luxury living with excellent floor plans and spacious corridors. All floor plans are exceptional, with mirrored south or north-facing units providing prime living and amazing views. The finishes, designed by the late Zaha Hadid, are exceptional. It is highly amenitized, featuring the only condo helipad and a plethora of services. Units in the 01 or 02 line are priced at $1,500 to $1,600 per square foot.

The only other new condos in the Downtown area are the Waldorf Astoria and Aston Martin, with the latter scheduled for delivery this year.

The Best Miami Condo In Edgewater: Elysee

There are many great condos overlooking Biscayne Bay, and our favorite is Elysee. It offers half-floor and full-floor residences with spacious floor plans and numerous services, priced between $1,000 and $1,600 per square foot. These are beautiful residences, known for their outstanding amenities and breathtaking views. There are just three types of floor plans; a full floor plan, or a half floor plan either facing south or north. Therefore, there  are no better floor plans, it is just a matter whether you prefer the south or the north views.

Villa is a new condo in the area, similar in format to Elysee, featuring many half and full-floor residences. Developed by the same team behind One Thousand Museum, Villa also includes a helipad.

Best Miami Condo In South of Fifth: Continuum on South Beach

Continuum is our top choice in the South of Fifth area. While there are numerous high-luxury condos in the SOFI vicinity, Continuum stands out as an irreplaceable gem, exemplifying a condominium that cannot be replicated. With units ranging from studios to 4 bedrooms, prices vary from $2,000 per square foot to $4,500 per square foot. The south tower is particularly favored, boasting prime locations directly overlooking the water, the cut, the bay, and the ocean. We admire Continuum for its comprehensive offerings, including a large foootprint with excellent amenities and services, essentially providing a resort-style lifestyle. Residents can enjoy tennis courts, multiple pools, a restaurant, a gym, a private beach and much more. Continuum on South Beach has an excellent management and as a result, this condo has shown great appreciation in value in the last years.  Another notable condominium is Apogee, although there have been no new options available for selection.

Best Miami Condo In Miami Beach: Eighty Seven Park

For unparalleled luxury in Miami Beach, look no further than Eighty Seven Park, another exceptional project by Terra Group, renowned for their Park Grove development. I’m particularly enamored with the 01 and 02 lines, as well as the combination units. Offering breathtaking south views that are truly irreplaceable, it overlooks both the bay and a park. With a focus on exemplary services, this condo is designed for discerning end-users and is therefore our preferred condo in Miami Beach.

Honorable mentions include Faena and Edition South Beach, alongside upcoming developments such as Shore Club.

Best Miami Condo In Surfside: The Surfclub Four Seasons Residences

It’s evident why the Four Seasons Surfside has experienced an impressive 86% appreciation rate. This condo exemplifies the pinnacle of luxury living and has achieved the highest prices and appreciation rates. It ticks all the boxes for what a luxury condominium should offer and what contributes to its appreciation: expansive footprint, top-notch Four Seasons services, exquisite finishes, thoughtfully designed floor plans, stunning views, and the added allure of the hotel element. Once again, it embodies the formula for resort-style living on a grand scale. Corner units, particularly the 01, 02, 21, and 22 lines, are highly coveted, with prices typically ranging between $4,000 and $6,300 per square foot.

If the Four Seasons Surfside exceeds your budget, it may be worth considering a move north to Bal Harbour.

Best Miami Condo In Bal Harbour: Oceana Bal Harbour

The best option is Oceana, followed by St. Regis. Oceana boasts an exceptional 01 line that has appreciated more than average. We love the southeast corner units with  the spacious four-bedroom layouts, but the 03 line is also noteworthy. This property features expansive grounds, spectacular services, breathtaking views, and an impressive pool area. If you are looking for a brand new condo in the area you might want to consider Rivage.

The Best Miami Condo in Sunny isles: The Estates at Acqualina

Sunny Isles is traditionally a second-home market, quite the opposite of an area like the Grove. Sunny Isles offers you a lot of bang for your buck. Our preferred property here is the Estates at Acqualina. These brand new residences are built on a massive footprint, featuring a high-quality hotel component, numerous services, and some of the best amenities available, including a great restaurant. Unit prices range from $2,200 to $2,600 per SF, with the corner residences (01 and 02 lines) being the most desirable. These spacious units are priced between $9 million and $20 million. This is an amazing option if you want beachfront living without Miami Beach prices, as the price per square foot is much more favorable.

There is currently just one new construction project in Sunny Isles, which is St Regis Residences in Sunny Isles.

Best Miami Condo in Fisher Island: Palazzo della Luna

Fisher Island is one of Miami’s most exclusive communities. This private island features a condo market with some of Miami’s best-appreciating properties. Condos like Bayside Village, Oceanside, Seaside Village, and Bayview have appreciated by 73% to 171%, with prices at or below $2,000 per square foot. The island also offers two newer condos, Palazzo del Sol and Palazzo della Luna. These properties are beautifully designed with large terraces, excellent finishes, spacious primary residences, and access to top-tier amenities. Residents enjoy a resort-like experience with beaches, restaurants, golf, and tennis, with prices around $3,500 per square foot. This is ideal for those seeking privacy and luxury.

The newest condos on Fisher Island include Six Fisher Island.

Best Miami Condo in Key Biscayne: Oceana Key Biscayne

Experience island living with easy access to the mainland, close to Coconut Grove and Brickell.  Key Biscayne offers  resort-style amenities and features a top-rated public school, a beach, its own police force, golf, tennis, and plenty of water sports. This truly family-oriented community is often compared to some of the best country club-style living in Miami. Most real estate here consists of homes, but the island also offers a good amount of condos. Our preferred condo is Oceana, one of the few newer developments. We recommend the 01 and 02 lines, although the other lines are also excellent as they are flow-through units. Oceana stands out with its good footprint, spacious units, and excellent services, with no current competition on the island. However, a new tower is on the horizon, and more details can be provided upon request. Text me for more information.

Conclusion

We aimed to provide the best condos in each area, but there’s no perfect option—it all depends on your location preferences, needs, and budget. Please call us if you’d like more information about different neighborhoods, condos, or other properties that might suit you. We also have extensive information on brand-new condos in the Miami area and can offer insights into the market, comparing various resale and new construction condos.

For a more detailed discussion, feel free to call me. With 20 years of market expertise and advanced data analytics tools, I can help you find the perfect property.

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