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The 10 Best Miami Luxury Condos
The Best 10 Miami Luxury Condos for 2024 | Our Top Resale Choices per 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. | ||||||
Original Article follows
The Best 10 Miami Luxury Condos for 2023 /2024 | Our Top Resale Choices
Introduction
Miami luxury condos are in every neighborhood across Miami. We have been fortunate enough to not only see them all but to have watched their performance over the years, analyzed and dissected their floor plans, and studied their condo docs and financials. There are dozens of Luxury Condos across Miami. Some retain their luxury status, while others suffer a severe fall from grace. We ask ‘What is the best? When I say we know these condos, I can tell you after 15 years of selling real estate and visiting these condos with hundreds of clients, we truly know them!
The 10 Best Resale Condos in Miami for 2024
| Position | Condo Name | Units | Year | Average Price per SF *** | Starting Prices | Units for Sale |
| 1 | One Park Grove, Coconut Grove | 64 | 2018 | $1,850 | $3.5M | One Park Grove Units for Sale |
| 2 | Eighty Seven Park, Miami Beach | 70 | 2018 | $2,500 | $2M | 87 Park Condos for Sale |
| 3 | Continuum on South Beach | 318 (South Tower) 211 (North Tower) | 2002 (South Tower) 2008 (North Tower) | $3,000 | $1.7M | Continuum on South Beach Condos for Sale |
| 4 | Oceana Bal Harbour | 240 | 2016 | $2,700 | $3M | Oceana Bal Harbour Units for Sale |
| 5 | Oceana Key Biscayne | 142 | 2015 | $2,400 | $3M | Oceana Key Biscayne Units for Sale |
| 6 | Elysee, Edgewater | 100 | 2020 | $1,400 | $3M | Elysee Units for Sale |
| 7 | Palazzo della Luna, Fisher Island | 50 | 2019 | $3,200 | $12.5M | Palazzo della Luna Units for Sale |
| 8 | Surf Club Four Seasons Residences, Surfside | 150 | 2015 | $3,750 | $3.7M | The Surf Club Units for Sale |
| 8 | Faena House, Miami Beach | 47 | 2015 | $3,000 | $6M | Faena House Units for Sale |
| 10 | Ritz Carlton Residences Sunny Isles | 212 | 2019 | $2,000 | $4M | Ritz Carlton Units for Sale |
Why Read this Article?
If you are reading this because you are looking to buy, you are going to want to use my opinion (as well as gain access to my software Condo Geeks, and analytics). To browse current luxury Condo units (over $5m) click here. Ultra Luxury Condos for sale (over $15m) click here. Want to know the best new construction Condos? Click here. If you want to know what are the best existing luxury buildings to help focus your search for that ideal unit that you can walk into and buy today, then keep reading!
Overview
Below are my top 10 Miami Luxury Condos for sale for 2022 in an analytical table format, which should make for easier digestion of information. These are all newer resale condos. For all the condos, I have explanations in the sections below as to why I picked them. There is little benefit in just giving a list of buildings. I share my opinion, so you can trust a clear direction when looking for your next condo.
How we measure Luxury
My top 10 condos come from a combination of factors. Location is a factor, as is price. You will also notice how I detail the specific benefits of condos that will suit buyers with set needs. Deciding whether a Condo is the best is totally subjective. Best is also something ‘fit for purpose, so you may consider paying less attention to the ranking and more to whom the condo is best suited for because it is your needs that ultimately matter!
Availability and prices change
Finally, respect the specific availability and price at the time of buying. Certainly, you will not necessarily have imminent access to all units in the condo you fall in love with, and they may not all come in at budget. Fortunately, we do as much off-market business as we sell on-market. With our assistance, we can help you identify the right line and then chase down owners to see who will sell.
No.1 | Park Grove. The Best Miami Luxury Condo for Coconut Grove
Why buy Park Grove
The economic performance of this building is superb and has appreciated significantly. Park Grove’s location is also very relevant because Coconut Grove is Miami’s most organic neighborhood. Its primary nature has made it desirable and stable amongst empty nesters and families. The Grove lifestyle also is considered one of the best in Miami: understated chic, high-end but easy-going and unpretentious nor flashy, walkable, cozy, organic, and close to almost everything. Furthermore, it is within 15 minutes of Miami International Airport. If you want a neighborhood vibe where you can walk out to shops and restaurants while still being on the water, this is the condo for you.
What are the Park Grove features that we appreciate the most? Low density with just four units per floor, all with private elevators. The 12ft ceilings, excellent finishes, superb amenities and services, curved glass skeleton without concrete walls, open floor plans, and deep terraces all work very well to give a sense of luxury.
The Best Floor Plans
One Park Grove is the preferred tower cause of the views. A primary building where residents live all year round. Park Grove is a top choice if you want a home in the sky while appreciating the condo’s amenities. The best line in One Park Grove is the ‘A-line because it is the largest unit at 3250 interior sqft, the SE exposure and the possible combination with adjacent B lines units can make it one large residence in the sky.
Most owners are settled and do not want to sell, not even for top dollar. For this reason, the supply at Park Grove is limited. Buyers need to go off-market to find their dream unit. Appreciation is enormous, 50%-100% increases in value have not been uncommon between 2019 and 2022. From the first graph, you cannot tell the appreciation in prices. Original developer prices do not get included in MLS Sales. 2020 only saw one sale. We sold a pre-construction condo to a buyer who will now sell it for 100% more than he paid for it.
Other Options
Although unit values increased, Coconut Grove is still not as expensive as other areas, like Miami-Beach. If your focus is a primary residence is primary and walkable, then Park Grove is for you. The second option for this would be Grove at Grand Bay. If you can secure a unit at VITA Coconut Grove and are willing to wait until 2025, this brand-new luxury condo is an excellent choice.
No.2 | Eighty Seven Park. The Best Miami Luxury Condo for Miami Beach.
Why buy 87 Park
We love Eighty-Seven Park because of its unique location and views. Located on the border of Surfside and Miami Beach and is one of the beaches’ most tranquil places. Surfside furthermore is now home to many high-end condos like Arte, which would be our runner-up to Eighty-Seven Park. 87 Park offers the best views (in my opinion) and an extremely high-end and well-finished condo. The floor plans are well designed, particularly the 02 line. The south side of the tower overlooks the ocean and a park, a unique view that is hard to replicate anywhere in Miami.
Favorite Floor Plan
Like Park Grove, this condo has a limited supply and a very high demand. Looking for a primary or secondary residence in a more tranquil part of the beaches, without the tourists, this is the condo for you. Our favorite floor plan is the 02 line, which, combined with the adjacent unit makes something special. The runner-up would be the NE-facing corner unit. The terraces at Eighty-Seven Park are large and deep. Furthermore, this condo offers private elevators and unmatched levels of service.
Negatives and other Options
What do we not like? It is not the most walkable part of town and not within walkable distance to restaurants or shops, but one that scores high on privacy, exclusivity, and services. So, if this is a deal killer consider the Fendi Condo.
No.3 | Continuum. The Best Miami Luxury Condo for South Beach
Why buy Continuum
Continuum on South Beach is a one-of-a-kind condo as it sits on a 13-acre beachfront parcel and offers that true resort-style lifestyle. With a private beach, access to beach service, tennis courts, and a gym that can compete with any other Miami Beach gym to a resort-style pool. I would not forget about the private restaurant and bar, all located on the premises.
Location
Continuum is located in the South of Fifth and is within walkable distance of some of the most desired restaurants; Milos, Smith and Wollensky, Prime 112, and Carbone. Another advantage is that you are close to the bridge to Miami proper. This very well-managed condo offers a variety of floor plans, from small one-bedroom units to expansive 4-bedroom units. Some are remodeled, and some might still have some original elements.
Negatives
Negatives? Not a low-density project but with excellent levels of service. Semi-Private elevators are only available in the North Tower and certain lines within the South Tower. The building does see (seasonal) rent, and most units owner occupied by primary residents. The condo is historically desirable and has performed well since it opened in 2002 and 2008. Our preferred tower is the south tower because of the views.
Alternatives
Continuum on South Beach is your condo if you want direct access to the sand, with a private gated entrance that takes you from the pool area to the beach. Enjoy a resort-style lifestyle and be close to some of the best restaurants. If you want a more boutique experience, then consider Apogee. This waterfront condo offers fewer units per floor but does not sit on the sand. You may also want to look at Murano Portofino.
No.4 | Oceana. The Best Miami Luxury Condo for Bal Harbour
Why buy Oceana Bal Harbour
Oceana Bal Harbour is a Condo with a high level of amenities and service, located on the sand of Bal Harbour. It is a well-done condo on a less busy part of the beach, great for a primary residence or summer home. This condo offers a resort-style lifestyle.
Best Floor Plans
The condo offers some superb floor plans, which are flow-through and corners. The 01 lines are the larger corner unit, located on the southeast and northeast side of the building. Once again, a residence is used as a primary or secondary home. Besides the ocean views, the west-facing units with views over the intra-coastal waters offer some of the best west-facing views in all of Miami.
Location
This condo is very well-finished and offers some customized units. Located in Bal Harbour, a more organic neighborhood feel to Sunny Isles to the North. Also, just a 5 mins walk to the Bal Harbour Shops, known for its high-end designer retail and good restaurants. Oceana is not your typical Miami Beach vibe and is far less touristic, but close enough to Miami Beach in just fifteen minutes. The address is: 10201 and 10203 Collins Ave.
Alternatives
There is only one alternative for those who want a luxury Condo and wish to live in Bal Harbor. That is St Regis.
No.5 | Oceana. The Best Miami Luxury Condo for Key Biscayne
Why buy Oceana Key Biscayne
A superb condo with a high level of amenities. One that residents feel like they are on vacation in a 5-star resort. This condo is excellent if you are looking for a primary or secondary home on the sand on an island known for its country club lifestyle. Want a laid-back atmosphere amongst an affluent, family-orientated demographic? Oceana Key Biscayne is the ideal building. The island is very safe and child friendly, just a bridge away from offices in Brickell and close enough to the Gables.
Oceana Key Biscayne provides a resort lifestyle with arguably the best pool deck, a superb onsite restaurant, and private beach access that rivals any other Condo in Miami-Dade.
Best Floor Plan
Known for its excellent and spacious floor plans, the best units much like Oceana Bal Harbour, are the flow-through corner (01 lines) units. These are large 3,700 SF corner residences offering 4 bedrooms as presented in the video featured above.
Location and Alternatives
Really a picture-perfect Condo located on the sands of Key Biscayne at 350 and 360 Ocean Drive, Key Biscayne. If the quiet beach life and the laid-back vibe are what you want, then this is for you. If you love the building and floor plans but want something more lively? Then consider its sister Condo, the Oceana Bal Harbour.
No.6 | Elysee. The Best Miami Luxury Condo in Edgewater
This low-density Edgewater condo offers only two units per floor and is a very private condo with high levels of services and finishes. Ideal for those that want a large property with a private elevator entrance in the urban core. The Edgewater and Downtown Miami area does (for the moment) not offer that many ultra-luxury condos, but if you are looking for one, then this is your best bet. Another option would be One Thousand Museum in Downtown Miami or the Four Seasons in Brickell.
No.7 | Palazzo della Luna. The Best Miami Luxury Condo for Fisher Island
Palazzo Della Luna is one of our preferred Miami condos. On the exclusive Fisher Island, which is only accessible via ferry, boat, or helicopter. Palazzo Della Luba is a high-end, well-finished luxury condo that serves very well for those looking for an extremely private and exclusive condo on an island. Floor plans are large, although this island used to cater to second and third homeowners since the pandemic. More and more people are living on the island all year round.
No.8 | The Surf Club Four Seasons Residences. The Best Miami Luxury Condo for Surfside
The Surf Club, which sits on 9 acres of land with 965 feet of oceanfront, has a hotel element and two residential towers. In total, it has 150 luxurious units. World-famous, Pritzker-Prize-winning architect Richard Meier designed the Surf Club residences, which range from 1,400 SF to 8,000 SF. The well-finished units are flow-through, with water and city views, and include private elevators. No two-floor plans are the same, although this is a case-by-case scenario. The North Tower is the best tower to focus on as it is more secluded and private and does not have a hotel element. One of the most spectacular floor plans is the 21 Line. These are five bedrooms, 5,822 SF Corner residences facing the northeast.
No.9 | Faena House. The Best Miami Luxury Condo for Miami Beach
Faena House in Miami Beach is 47 units counting ultra-luxury condo offering units that range from 1,185 SF to 12,500 SF+. It has balconies that can be used like Brazilian verandas, connecting the various spaces in your condo. These deep wrap-around balconies (4′ to 37′ depth) feel like rooms and are interconnected, doubling as hallways.
Sometimes referred to as the ‘Billionaire Beach Bunker’, because of its attraction to Wall Street’s wealthiest, this already iconic condo offers a prime beachfront location, outstanding architecture, and all the amenities desired by the super-rich which match the modern-day Miami Beach lifestyle such as a pool, fitness center, spa, kids room and attended private residential Beach Club (with cabana service)
The best lines (besides the Penthouses) are the A and the B lines (Floor 4-13), which are expansive units with superb water views.
No.10 | Ritz Carlton Residences. The Best Miami Luxury Condo for Sunny Isles Beach
When you find a building that no one wants to leave and most want to buy, you know you have to find a top choice. The Ritz is one of these. The Ritz Carlton Residences in Sunny Isles Beach is one of the newest condos offering 52 stories and 212 flow-through units. One of the few projects we would actively promote in Sunny Isles Beach since the Ritz Carlton residences offer well-finished units with spectacular views. The building is peanut-shaped and all glass. The top-floor penthouse offers terraces that are 99% larger than any other Condo found in Miami. Corner units A (01 Line) and E (05 Line) offer 3,080 and 3,600 SF with ocean and city views and are the preferred units. These units are respectively 3 and 4 bedrooms. Although the Ritz Carlton Residences in Sunny Isles brings its residents the legendary quality and personal touch synonymous with the brand, the residences do not offer a hotel component. There are simply no tourists on the premises. This condo is desirable, and the economic performance over the last few years has been exemplary.
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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?
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?
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.
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?
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/
WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...
For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.
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Analytical
Over 100 reports produced to date
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Knowledgeable
Over 1800 published articles and counting
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