The Best Miami Real Estate Deals | The Art of Finding a Great Deal

These are the Best Miami Real Estate Deals in the Last 3 Months

Many buyers are looking for a good Miami investment opportunity and only want to buy at the right price. For those we want to make it clear that great Miami real estate opportunities still exist, but you need to know where to search for them. The condo market offers better opportunities than the single-family home market and there are certain neighborhoods and price ranges that are more investment-driven or vulnerable to economic change, which leads to better opportunities for buyers. We do see properties being sold at 30% off their original listing price so whenever you have a property in mind do call us to learn about its true market value.

Please find below the 10 best Miami real estate deals. For more opportunities please contact the David Siddons Group today!

The David Siddons Group has written several articles on how to vulture a great deal and where to find the best opportunities. In our 2020 Miami Real Estate Report we dedicated two chapters on “Great Opportunities”. In Part 2 we selected several price points in selected neighborhoods that offer great opportunities and in part 4 we selected 10 condos that offer great opportunity. This does in no way mean these are undesirable areas or condos. These are desired areas and condos that are currently offering real estate below previously achieved prices.

Read the blogs here or contact David directly at 305.508.0899

The 5 Best Miami Neighborhoods for Great Deals in 2020
The 10 Best Miami Condos for Great Deals

The Best Miami Real Estate Deals in the Last 90 Days

650 NE 32 ST Unit#4801 (Paraiso Bay), Edgewater
Sold for $900,000 with a 23% Discount

A high-floor corner unit in the most desired 01 line at Paraiso Bay with breathtaking views of Biscayne Bay and the Ocean, Miami Beach and Midtown. This unit offers 4 bedrooms, 4.5 bathrooms and was sold completely turn-key. Its features include Grey Polished Marble floors, automatic remote-controlled blackout shades + elegant linen curtains, custom closets by Italkraft,  2 large balconies, 2 assigned parking spaces and a private foyer and elevator.

Originally listed for $1,450,000 this unit was last listed for $1,175,000 and eventually sold for $900K. That is 23% off from its last asking price and 38% of its original asking price.

9400 W Bay Harbor Dr # 504 (Riva), Bay Harbor Islands
Sold for $900,000 with a 18% Discount

This waterfront Corner Unit in Bay Harbor offers 3 bedrooms,  3.5 bathroom and is fully finished with white porcelain floors throughout. This fully turn key unit comes with Window treatments (blackouts and sheer curtains), Bosh appliances and a Large terrace with beautiful views of water & Indian Creek golf course. Fully decorated by ARTEFACTO. Boutique Building with private elevator, private storage and 2 parking spaces. 

This unit sold for $900,000 after being originally listed for $1,150,000. Its last asking price was $1,095,000 which is 18% higher than its sales price.

3210 Crystal Ct, Coconut Grove
Sold for $2.3M with a 18% Discount

This Florida Key West Island style masterpiece is constructed to the very highest standards by luxury builders L&H Partners.  The grand formal living reception boasts 22 ft. high soaring ceiling opening to refined living spaces, well-situated for effortless entertaining with a wet bar and gas log fireplace. This 4,500 SF home offers 5 ensuite bedrooms each with full private bathroom and large walk-in closets with built-in cabinetry & oversized windows & doors.

It was originally listed for $2,999,000 then reduced to $2,799,000 and finally sold for $2,300,000. The David Siddons Group represented the buyer in this deal.

11035 Marin St, Coral Gables
Sold for $2.6M with a 23% Discount

This luxurious one story home is located in guard gated Hammock Oaks. The updated designer home features 6 bedrooms and 7.5 bathroom,  gourmet kitchen, dining room with fireplace, walk-in closets, marble and wood floors, and bonus spaces all around the house for a gym, extra storage, additional living room, billiard/play room. It offers your own retreat in the oversized backyard with covered terrace, fully equipped summer kitchen, heated saline pool, gazebo with wet bar and cabana bath and as if that is not enough it has a regular size basketball court. This home is steps away from the Marina offering two docks. 

This home was listed for $3,380,000 and sold for $2,6M, which is a  23% discount

3470 Poinciana Ave, Coconut Grove
Sold for $3,8M with a 17% Discount

This 5 bedroom home offers a design that embraces the garden setting its in. The minute you walk through the front door, it feels like you are in a beautiful garden setting. All glass exterior facing the garden and a seemliness flow from all areas inside to outside. Modern yet warm design and perfectly balanced use of space and land. Situated in the desirable gated Four way estates community, in south grove off the bay. Walking distance to the center of the Grove where a total transformation is taking place making the Grove more desirable than ever. Here you can live the ultimate lifestyle in Miami, walk to the local cafe and enjoy peace and tranquility in a stunning setting at home.

It was originally listed for $4,595,000 and sold within 35 days $3,800,000. That is a 17% discount

9705 Collins Ave Unit#1102 (St Regis Bal Harbour)
Sold for $4.1M with a 15% Discount

This 3 bedroom unit with 3,133 SF offers sunrise and sunset views and was sold turnkey. Located on the ocean, across the street from the world-famous Bal Harbour Shops, St Regis offers a true 5-star resort lifestyle. 

This property was originally listed for $4,850,000 and after being 130 days on the market it sold for $4,100,000. That is 15% less than its original asking price. The David Siddons Group represented the buyers in this superb deal. The St Regis Bal Harbour is know for its great Miami real estate deals. The condo also appeared in our top 10 of Miami Luxury condos with the best potential for great deals

1000 Biscayne Blvd Unit#3601 (One Thousand Museum) Downtown Miami
Sold for $4,480,000 with a 37% Discount

AUCTION: This unit in the brand new and ultra luxurious One Thousand Museum was sold fully furnished and ready to move in. Beautifully designed and decorated this 4,876 square foot unit offers a custom designed floor plan with 2 Master Baths, an open family room and a convertible Den/Office. This condo offers 7 Star services with the only Heliport/Helipad, Sky Lounge and Indoor pool, designated private Beach Club in South Beach, hospitality concierge and a private resident’s only car.

This unit originally asked $7.1M and sold via auction for $4,480,000, That is a 37% discount and certainly one of the  best Miami Real Estate Deals made in the last year.

1525 N View Dr, Miami Beach
Sold for $12M with a 25% Discount

This property is located on the desired Sunset Islands of Miami Beach. This Palm Beach style home has been built using the finest materials to create an elegant & timeless property. Boasting 4 bedrooms, 5.5 bathrooms and 7,725 total SF this home sits upon a 37,578 SF lot on coveted, guard-gated Sunset Island I with 165’ of waterfront and wide bay views in this impeccably designed waterfront home. Features: a waterfront gym w/ a spa room, modern, sleek open Poliform kitchen w/ top-of-the-line appliances, wine-cooler, 2-car garage & 3-car carport, expansive fresh-water lap pool, brand-new private boat dock, expansive master suite with his/her sinks & walk-in closets, a service entrance & a glass enclosed private office.

1525 N View Dr was listed for $15,900,000 and sold for $12M, a 25% discount.

460 N Mashta Drive, Key Biscayne
Pending with a Discount (To be communicated)

  • Are you Looking for a Great Miami Real Estate Deal?
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This Incredible waterfront mansion on a rare point lot offers direct ocean access. The property was rebuilt in 2015 on two combined lots, This high-end construction is extremely private & sits on almost an acre of land, providing for expansive views over the water and the Florida State Park.The property is a true boater’s dream with 200 SF of water frontage,2 boat docks & a new seawall. The completely gated mansion offers 7 bedroom, 9 bathrooms and the highest level of finishes.

This property was originally listed for $19,500,000 after which it was reduced to $18.5M. It was then listed by the David Siddons Group for $15,5M and is now pending for an amount that is to be communicated soon!

23 Tahiti Beach Island Rd, Cora Gables
Sold for $16M with a 27% discount

This elegant estate in the exclusive and gated Tahiti Beach community offers 7 bedrooms and 12,862 SF of living space. This property offers double height ceilings in the living room, a Den/Library with built-in wood shelves, a chef’s kitchen, a movie screening room with built-in bar & beverage center, a 2,500 bottle glass wine cellar with 3 temperature controlled zones and a poker/card room with direct access to incredible covered patio that leads to pool, boat dock, home gym/sauna and health bar.

This home was listed for $23,990,000 after which it was reduced to $21,990,000. It eventually sold for $16M. That is 27% below the last asking price and 33% below the original asking price.

Contact the David Siddons Group today to learn more about great investment opportunities in Miami or Fort Lauderdale

David Siddons | 305.508.0899 | [email protected]

David Siddons is a top producing Miami realtor and a Director of Luxury Sales at Douglas Elliman. David is known for his market analysis and he is the author of several of Miami’s most sought- after real estate reports and forecasts.

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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