Single Family Homes for Sale in Miami | The Most Exclusive Neighborhoods

Where to Find the Most Exclusive Single Family Homes for Sale in Miami

Where to find the most exclusive Single Family Homes for Sale in Miami? We answer this frequently asked question in this blog. We are listing Miami’s neighborhoods starting at the most exclusive! In this blog we explain why these Miami neighborhoods are so exclusive and we provide you with actual sales price ranges and average sales prices.

We wrote this blog with relocation buyers in mind. If you are relocating to Miami and you would like to know what area will be best for you and your family then this is a good read for you. We are relocation specialists who have helped many families with their move. Please pick up the phone and call me at 305.508.0899 to chat about neighborhoods, schools, and real estate in Miami.

Where to find Miami’s richest families? This blog will provide you with Miami’s most expensive neighborhoods.

Single Family Homes for Sale in Miami

The most expensive single family homes for sale can be found in Miami Beach and Coral Gables. Of course many of these homes are waterfront and located in gated communities or exclusive waterfront communities.

Looking at the average sales price we see that the islands, Key Biscayne and Ponce Davis offer the most valuable homes. If you look closely they also have the highest starting prices. Key Biscayne and Miami Beach both offer waterfront homes, while Ponce Davis offers uniquely dry lot homes.

The Islands of Miami Beach

The Venetian islands belong to the most Expensive Neighborhoods in Miami for Single Family Homes

If you are seeking ultra-luxurious mansions this is the ultimate waterfront market for you. This new playground for hedge fund managers and tech entrepreneurs does not come cheap. Dry lot home starts selling at around $1.5M, while waterfront homes start selling at $5M. The islands have always been one of the most desired locations in Miami, but they became extremely desired during Covid when Miami experienced a high influx of relocation buyers from the high-tax states.

The islands belong to one of the richest parts of Miami and are home to many celebrities and captains of industry. Search directly for homes for Miami Beach single family homes for sale on the Venetian Islands, Sunset Islands or Palm, Hibiscus and Star Island.

Miami Beach

Single Family Homes in Miami Beach

Miami beach single family homes are available in a broad price range. In some of the more affordable areas such as Normandy Isles dry lot homes will start selling at $700,000. Waterfront homes start selling just below $2M. Miami Beach offers some superb waterfront mansions. The most desired and exclusive waterfront homes can be found on North Bay Road and on La Gorce Island. Other waterfront homes can be found on Pine Tree Dr and Meridian Ave. If you are looking for oceanfront/beachfront homes you will have to look at Altos del Mar.

Coral Gables East of US1

Coral Gables Real Estate

Coral Gables is the most desired area of Miami. It is safe, it is centrally located, it is green, it offers many golf courses and most importantly it is home or close to the majority of Miami’s best private schools. The area is extremely large and offers a wide range of waterfront properties. Single family homes for sale in Coral Gables fl start selling around $1M. This will be a more dated or a very small property on a dry lot. Waterfront Homes in Coral Gables start selling just above the $2M mark.

While East Coral Gables offers some very nice homes on canal front or lake front lots, nothing compares to its ultra-luxury mansions in the gated communities of Gables Estates, Tahiti Beach and Old Cutler Bay. Here is where we find the bayfront homes or the homes that are close to the open ocean without any bridges. We are talking about massive lots in extremely exclusive communities that offer unobstructed ocean views. So East Coral Gables offers quite a variety of waterfront properties from the more affordable canal front homes to direct oceanfront homes in the city’s most prestigious gated communities.

Ponce Davis

Single Family Homes for Sale in Ponce Davis Miami

Ponce Davis is tucked away between East and West Coral Gables. This area is extremely well located, close to all the prestigious schools and offers many brand new homes on large lots. Single family homes in the area start selling around $1.7M. The Ponce Davis area is increasingly desired and offers a high concentration of luxury homes. Homes in Ponce Davis trade for one of the highest sales prices (per SF) in all of Miami. This area is growing in desirability while the supply is extremely limited.

Coconut Grove

Waterfront Homes in Coconut Grove

Coconut Grove is synonymous to understated luxury. The Grove is one of the mainland’s most desired and exclusive neighborhoods, which has stayed surprisingly low key. Dry lot homes start selling around $1.2M while waterfront properties start just below $3M.

What makes this market so desired? The Grove is a very small neighborhood tucked between Coral Gables and Brickell. This is an excellent location for those who work in Brickell or the Grove and whose kids go to school at any of Miami’s best private schools.  Furthermore the Grove is Miami’s most organic neighborhood with a very lush and unique feel to it.

What makes Coconut Grove so exclusive? Unlike other Miami areas you won’t find canals in Coconut Grove. If you buy a waterfront home in Coconut Grove it’s a direct oceanfront home or a home located on a small inlet, less than a minute away from the open ocean and without any bridges. These waterfront homes are mostly located in very prestigious gated communities.

The area is very much in demand as it is extremely safe, lush and located near many of Miami’s most prestigious schools. So a limited supply and all the reasons for a high demand. Some of the most desired and luxurious waterfront communities are Hughes Cove, the Moorings and Entrada Estates. Direct bayfront homes can be found along S Bayshore Lane.

Key Biscayne

Single Family Homes in Key Biscayne Florida

The island community of Key Biscayne is one of Miami’s most desired residential areas. Key Biscayne is very laid back with golf carts being the preferred mode of transport by many of its residents. The island is very self-sufficient with supermarkets, medical facilities as well a top rated public schools. Key Biscayne has always been a very upscale market whether you are looking for waterfront or dry lot homes.

Single family homes for sale in Key Biscayne Florida start selling at $2M, while waterfront homes start trading around $5.5M. The market was known for its older Mackle style homes. These homes have almost all been bought up and reconstructed into modern mansions.

Waterfront homes on Key Biscayne are extremely desired because the island offers many direct oceanfront homes with superb views or homes that are located on inlets. Any waterfront home will allow you to navigate to the open ocean within mere minutes and therefore the island is extreme desired with boaters. As there are no canal front homes or bridges, the price range of Key Biscayne waterfront homes is quite narrow. So if you want to be on the water without paying top dollar your only way will be to buy a more dated property. The most desired homes can be found along Harbor Dr, Harbor Pt and S Mashta Dr.

Pinecrest

Single family homes in Pinecrest Miami

Single family homes in Pinecrest start selling for $1.3M. Pinecrest is part of Miami’s most desired residential areas and one of the most desired areas among families with children. Pinecrest is close (and home to) to most of Miami’s top rated schools and offers beautiful real estate on very large lots. Several years ago Pinecrest was much more affordable than the Grove and the Gables and did not offer as many luxury homes. As a result, developers and end-users bought up the older homes and replaced them with luxurious modern mansions. The price per SF range in Pinecrest is not as high as in other parts of town, but Pinecrest is known for its large homes on large lots. Additionally if you are looking for a very large brand new construction home, this is probably where you will end up buying.

South Miami and High Pines

Single family homes in South Miami

Single Family Homes in South Miami have become increasingly desired. This area is very undervalued compared to the rest of Miami, while it offers some amazing lots and is close to Miami best schools. South Miami is now seeing more and more luxury new construction homes coming into the area. South Miami has been a hub for locals for a long time and is the main town center for some of the most expensive real estate in all of Florida. Areas like Gables Estates, Old Cutler Bay, Ponce Davis all correspond to the small town that is South Miami. Of course the boundaries of these cities/ neighborhoods are obscure, but it’s all the same ecosystem and South Miami is very much the center for this main residential area of Miami.

Coral Gables West of US1

Single Family Homes in West Coral Gables 

Single family homes for sale in West Coral Gables are more affordable than those located in East or South Coral Gables. You can get into a dry lot home for less than $1M and waterfront homes start trading just below $2M. Dry lot homes can vary significantly in price and style. The lower-end of the market is dominated by smaller, Old Spanish style homes while the higher prices ranges will get you the newer, more modern homes.

The area is ideally located, close to Miami’s top schools, business centers, Brickell and the airport. Additionally, this is where all the Coral Gables golf courses are located. There are a good amount of waterfront homes for sale, but the downside is that in order to sail to the open ocean you will encounter quite some bridges.