What are Miami’s Richest, Most Exclusive and Expensive Neighborhoods for 2022?
What are Miami’s most exclusive most Expensive Neighborhoods? Looking across the most expensive zip codes it’s easy to find high value real estate in Miami. However, what’s more interesting is our social and economic comments on those most expensive neighborhoods.
As real estate brokers who have been selling for over 15 years, our dialogue understandably revolves around selling real estate. We focus on what and where are the best deals that can exist within these communities. Below you will find us drilling down into specific buildings and the specific smaller gated communities within Miami. Our duty is to unearth the best place to call home when you are working with a very healthy budget. As always please feel free to call or text or whats app me with any questions! +1 305 508 0899
What are Miami’s Richest, Most Exclusive and Expensive Neighborhoods for 2022?
Miami Beach – Indian Creek Island
Miami’s Billionaire Bunker as it is known, home to just 40 properties on 250 acres. An island of only 0.4 square miles, one of the smallest, richest, and most elite neighborhoods in America. The island is home to the ultra wealthy: Forbes 100 CEOs, supermodels and Hollywood A-listers. The island is so secure and private that it has its own 24/7 police force that patrols the island via boat, jeep, and jet ski. There is only one bridge entrance to the island with the closest neighborhood of Bal Harbour in its door steps. The only downside is that properties very rarely come up. Currently only 1 for sale on the market and no recorded MLS sales in the last 4 years.
North Bay Rd is often considered as the prime street location for Miami Beach residents. It’s just a couple minutes away from Lincoln Rd, Purdy Ave and other prime beach locations. North Bay Rd is quiet and picturesque, which is ironic considering it runs parallel to the very busy Alton Rd. These exclusive waterfront homes enjoy solid inter-coastal views and are on a par with homes on Hibiscus Island. What are Miami’s Richest, Most Exclusive and Expensive Neighborhoods for 2020?
The Venetian Islands are comprised of six man-made islands, connected by a private road called the Venetian Causeway. The Venetian Islands are situated along Biscayne Bay and within convenient distance of many of Miami’s hotspots. Upscale shopping, fine dining, art galleries, and cultural events of Downtown Miami, Brickell, and Wynwood are all within minutes from the these islands. Within Hibiscus Island, the east facing waterfront properties command the highest value.
As the name suggests, this island is often associated with the homes of the rich and famous. The downside here is that you are going to have to deal with the boats of tourists coming past the property to gawp. Star Island has some extremely high-end real estate and particularly on the corners of the island where the largest lots sit.
One of Miami’s most desired waterfront neighborhoods and a hotspot for luxury buyers from the northeast and California. The Venetian Islands are known for the many brand new, waterfront mansions and this is definitely a place to consider if you want to be in one of Miami’s most exclusive neighborhoods.
In 2018, Fisher Island was the 10th most expensive zip code in the US and the most expensive in Miami Dade, although this could be misleading. With that said it may have some of the most expensive condos (courtesy of buildings like Palazzo del Sol), but not the most expensive single-family homes because the lots are not that big and neither are the homes. If you want an ultra-private condo environment then this could be it as you have to take a ferry to get to the Island. A 9-hole golf course, 18 tennis courts, beach clubs and multiple restaurants makes this a private island with panache!
South of Fifth is considered by many as the premier condo neighborhood for Miami. Home to the most established restaurants: Joe’s Stone Crab and Prime 112. This established neighborhood is most void of hotels and has a solid primary number of residents. The dominant luxury buildings here are: Continuum, Apogee,Ocean House, 321 Ocean and Glass. Expect to pay between $2000 – $2700 per SqFt for the best of the best.
This incredible gated community is home to a solid number of direct ocean facing homes (only 42 direct ocean facing homes exist in Miami). Leucadendra drive, Arvida Parkway and Casuarina Concourse are the streets. If you want a couple of acres on the open water then this is one of the few places you will find it. The best schools in the state are mere minutes away and there are a number of excellent Golf Courses, as is the heart of Coconut Grove and Coral Gables. Truly the best suburban living environment that Miami has to offer.
An ultra-luxury community inside the existing luxury community of Cocoplum. Not the kind of community you can drive around. You will need a personal invite by a resident just to get through the gates. Again like Gables Estates, you are looking at prime open water views of the ocean.
Surprisingly there are actually only 42 direct waterfront homes in Miami without any obstructed views of the ocean. S Mashta Drive and Harbor Point are the best two streets where a 20,000 SqFt lot will cost you around $10M and you will find some pretty spectacular contemporary homes here of 10,000 SqFt or more. Why Key Biscayne? This 12 mile island is close to Brickell, Grove and Gables. A very self contained island where even very young kids get to ride their bikes to the island’s A rated school; St Agnes. Island living at its best without the excessive isolation!
Coconut Grove used to be a bohemian and artsy hangout. There are still a few older homes in this neighborhood that can make it have a very mixed feeling. If you drive through either North the South Grove you will see a few of these homes but with that said the Grove underwent a huge renaissance from 2015-2022. It started with the Wall Street Journal article ‘From Birkenstocks to Billionaires’. After that things took off the Cocowalk area got a revamp and so many buyers moved in, tore old homes down and started to build. Additionally, long the water of the Biscayne Bay you will find some of Miami’s most expensive real estate ever built.
Although the Grove is relatively small those homes within walking distance to the shops and restaurants of the Grove have drawn the highest amount of attention. With that said the Grove has by majority small lots. You will find around a few 20k lots but not many. It does not hold a candle against its direct neighbor Coral Gables in terms of wealth. Coral Gables is home to gated communities likes Gables Estates, Journeys end and Tahiti beach and its dry lot ‘none waterfront’ champions: Snapper Creek and Hammock Lakes.
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We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.