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What Kind of Condo Does $2M Buy You In Miami? $2M Condos in 6 Different Miami Areas
Are You Relocating to Miami? We show you $2M Condos around Miami
This blog is for people who would like to relocate to Miami or already live in Miami, but don’t know the real estate market in each area. We show you examples of properties that closed in the $2M price range. This blog is written to give you a good idea of what $2M buys you in the Miami condo market and to be able to compare a $2M budget in the different Miami neighborhoods.
If you are looking to buy a Miami condo, please contact us today to get professional guidance and to ensure you are paying the correct market price
Carbonell Brickell Unit 3508, Brickell Key
4 Bedrooms | 4.5 Bathrooms | 2,860 SF
Sales Price: $2,200,000 | $769 per SF
List Price: $2,345,000 | $820 per SF
Broker’s comments: Stunning 4BR/4.5BA+DEN unit completely remodeled with large open-concept living spaces & high-end luxury finishes throughout. Panoramic 180-degree Water and Brickell Skyline views from every room. Features white glass floors,Italian kitchen with Subzero & Miele appliances, Italian white bathrooms, built-in closets, 10 ft high ceilings, floor to ceiling glass windows & high-tech lighting system. Includes 5 parking spaces assigned and 3 storage units. State of the art Amenities.
Jade Brickell Unit 3201, Brickell
4 Bedrooms | 4.5 Bathrooms | 3,415 SF
Sales Price: $2,000,000 | $672 per SF
List Price: $2,250,000 | $697 per SF
Broker’s comments: Welcome to your private view of the sunrise overlooking Biscayne Bay and as far as the eye can see. Workout at your pace and bring your private coach/trainer. The pool service and outdoor amenities provide a refuge from the bustling activity in downtown Miami, while still just a short walk away. Proximity to world-class dining and shopping. Monitored security service with full-time staff including 5 star concierge. Top of the line appliances. Spectacular views to the east and the west. North exposure allows use of the balcony with balmy breezes, not windy. Eat-in kitchen adjacent to dining room, ideal to feed large groups. A huge family room for entertaining. Private master bedroom located on the opposite side of the three bedrooms. Come enjoy Miami at its finest in the best building.
Residences at Vizcaya Unit 605, Coconut Grove
3 Bedrooms | 3.5 Bathrooms | 2,710 SF
Sales Price: $2,212,000 | $816 per SF
List Price: $2,400,000 | $886 per SF
Broker’s comments: Residences at Vizcaya is a sophisticated boutique style building with high-end finishes in their exclusive 18 residences. This luxurious open concept contemporary offers: 3 beds, 3.5 baths, Miele appliances and Mia Cuccina Italian cabinetry, limestone flooring & 2 covered private parking spaces with a parking lift for a third. Spectacular Lifestyle & Amenities: Private marina, 2 spas, lap pool surrounded by cabanas and sun deck, state-of-the-art gym, social club room, wine cellar, a private botanical garden and much more.
Grove at Grand Bay Unit 1402-N, Coconut Grove
3 Bedrooms | 3.5 Bathrooms | 2,251 SF
Sales Price: $2,100,000 | $933 per SF
List Price: $2,299,000 | $1,021 per SF
Broker’s comments: Enjoy the best panoramic views of Biscayne Bay and the Miami skyline in Coconut Grove from this elegant two floor apartment located in the stylish Grove at Grand Bay. This unit features modern open kitchen with European cabinetry and Miele appliances, impressive 12 ft ceilings and 12-foot-deep terraces with Electric outdoor kitchen. Unique exclusive elevator access from both floors. The building is walking distance to Coconut Grove’s best Restaurants and Shops and presents premium amenities including, Rooftop Pool, Fitness Center, Spa, 24 Concierge, Butler, Valet and much more.
Casa Del Mar Unit 23H, Key Biscayne
2 Bedrooms | 3 Bathrooms | 3,120 SF
Sales Price: $2,160,000 | $692 per SF
List Price: $2,499,000 | $801 per SF
Broker’s comments:Breathtaking and absolutely stunning views of the Ocean, Bay, beach and City of Miami skyline from this 23rd Floor spectacular corner unit in Casa Del Mar. Very spacious and bright with an open floor plan this unit has been remodeled and it is presently a 2 bedroom/3 bath but can be converted to a 3 bed/3 bath.With 3,120 Sq Ft and wrap around balconies this is a jewel in the Sky. Enjoy being steps away from the beach with the most outstanding panoramic views and all the amenities that Casa del Mar offers.
Casa Del Mar Unit 6H, Key Biscayne
4 Bedrooms | 3 Bathrooms | 3,120 SF
Sales Price: $1,850,000 | $593 per SF
List Price: $1,995,000 | $639 per SF
Broker’s comments: Magnificent 4 bedroom and 3 bathroom corner unit in coveted H tower with 270 degree panoramic wrap-around views of Ocean, Miami skyline and Biscayne Bay. All 4 bedrooms have windows and custom closets. Remodeled with an open kitchen, stainless steel appliances and impact windows. Very bright unit with ample closets and separate laundry room. Full service building with 24-hr security, tennis courts, gym, visitor parking and oceanfront pool. Live the Key Biscayne lifestyle and walk or bike to restaurants, shops, schools and parks. Tenant occupied with 60 days notice when unit is under contract. Priced to Sell!
Carillon North Tower Unit 405, Miami Beach
3 Bedrooms | 3 Bathrooms | 1,965 SF
Sales Price: $2,122,500 | $1,080 per SF
List Price: $2,350,000 | $1,196 per SF
Broker’s comments: A WORK OF ART….. BEST OF THE BEST describes this spectacular 3 bedroom + 3 bath residence with 11 ft ceilings, nestle within the Beach House Area of the South Carillon Beach. Direct Ocean and practically on the ocean waters. You hear the ocean from the interior of the residence. The feeling is just mesmerizing! You feel heaven has come down to earth. The residence was meticulously designed by V3 Architectural Group. No detail was overlooked. There are so many high quality improvements (over $700,000 worth) from custom lighting to custom built-ins to top of the line appliances. The price includes furniture. A MUST SEE TO BELIEVE
Carillon North Tower Unit 2202, Miami Beach
3 Bedrooms | 3 Bathrooms | 2,050 SF
Sales Price: $2,000,000 | $976 per SF
List Price: $2,250,000 | $1,098 per SF
Broker’s comments: Meticulously designed & fully renovated. Fully furnished, 3 Bed 3 Bath luxury condo with stunning direct ocean views & open bay views overlooking the iconic Miami Skyline. An ample 2,050 sq ft of interior living space this unit has been upgraded throughout. The master bedroom over look the ocean & features walk-in closets, and an en suite master bath with walk-in shower and bathtub. Fully equipped open concept kitchen perfect for entertaining. The unit seamlessly flows from one end to another. Residents have access to a 60,000 sq ft Spa & Fitness Center, including a Health & Healing Center that offers preventive medicine & wellness services. 24 hr lobby reception & a doorman greet you and ensure privacy. Seaside sun terraces, with direct access to 750 feet of beautiful white sand beach.
Portofino Tower Unit# 402, South of Fifth (Miami Beach)
2 Bedrooms | 2.5 Bathrooms | 1,960 SF
Sales Price: $2,050,000 | $1,046 per SF
List Price: $2,340,000 | $1,194 per SF
Broker’s comments: Enjoy stunning unobstructed bay & ocean views from every room in this spacious 2BD/2.5BA residence. Featuring a spacious foyer and marble floors throughout, the open concept floor plan offers plenty of space for entertaining with a converted 2nd bedroom. Features include a master suite with his/her walk in closets ,an upgraded kitchen with a Quartz island including a breakfast area with direct ocean views and two expansive balconies.Luxurious amenities include 24 hr security, a waterfront pool & sauna.
St Regis Unit 905S, Bal Harbour
2 Bedrooms | 2.5 Bathrooms | 1,777 SF
Sales Price: $2,200,000 | $1,238 per SF
List Price: $2,499,000 | $1,406 per SF
Broker’s comments: Beautiful and bright luxurious two bedroom residence in the St. Regis Bal Harbour. Featuring professional-grade kitchen appliances, European-styled cabinetry, and contemporary five-fixture master bathrooms with walk-in showers and expansive marble surface treatments throughout. Panoramic windows offer expansive intracoastal and bay views and spacious outdoor balcony “living rooms” invite relaxation and carefree entertaining. Tastefully designed and ready to move in!
One Bal Harbour Ritz-Carlton Residences unit 1905, Bal Harbour
2 Bedrooms | 3 Bathrooms | 2,221 SF
Sales Price: $2,200,000 | $991 per SF
List Price: $2,400,000 | $1,081 per SF
Broker’s comments: Exquisite Oceanfront 2bed+den/3baths Luxury Residence at One of Ritz-Carlton’s finest Residences- the Extravagant One Bal Harbour- set along the Pristine Semi-Private Beach Overlooking the Atlantic Ocean Elevator into your Private Foyer 2,221SF Open Layout,Marble Floors throughout,breathtaking Ocean&Beach Views fr Every Room.Gourmet Kitchen built in Miele Espresso Machine, Wolf Gas Range Stove, Sub Zero Fridge & Wine Cooler & Custom Wood Cabinetry. Master Suite w Balcony Access, Spacious Bath w Dual Sinks,Separate Tub&Shower. A Full Service Luxury Building offering opulent Ritz-Carlton World Class 5 Star Services & Amenities. Walking distance to the Fashion Mecca of Famed Designer Boutiques of Bal Harbour Shops – This is definitely an Unique Opportunity.
Turnberry Ocean Colony North Tower Unit 3401, Sunny Isles
3 Bedrooms | 4.5 bathrooms | 2,775 SF
Sales Price: $2,100,000 | $756 per SF
List Price: $2,250,000 | $811 per SF
Broker’s comments: This gorgeous sun-filled corner unit faces southeast showing incredible direct ocean and bay views. It is designer-finished and furnished to perfection, with a huge wrap-around ten foot deep terrace. The spacious layout opens to a chef’s kitchen completed with Gaggenau appliances and marble counters. This unit includes a private elevator, spa-like steam showers, and more. The Turnberry Country Club offers 160 feet of ocean front land making it a luxurious and tropical haven. The building also has two pools, private beach service, restaurant & bar, resort-style spa, full gym with scheduled classes, 24 hour concierge & valet, a children’s club and more white-glove services.
Jade Beach Unit 3308, Sunny Isles
4 Bedrooms | 4.5 bathrooms | 2,394 SF
Sales Price: $2,150,000 | $898 per SF
List Price: $2,495,000 | $1,042 per SF
Broker’s comments: 4BD/4.5BA, 2,394 SF home in the sky, design and decorated by world renowned Ronny Constansi. The unit has 9 high ceilings, foyer entry, top of the line Miele/Sub Zero appliances, Calacatta marble flooring throughout, automatic shades/blinds, walk-in closets, washer/dryer, 2 assigned parking spaces (tandem), large terraces featuring amazing sunrise to sunset Ocean & Intracoastal views. Five-star amenities include: Full Service Smart Building, 24/7 Security, Concierge, Fitness Center, State-of-the-Art Spa, Infinity Pool, Sauna, Child Play Area, Private Beach Services, Fully Equipped Business Center and Private Elevator.
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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Over 100 reports produced to date
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Over 1800 published articles and counting
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