What Does $3M – $4M Buy You In Miami? $3M to $4M Million Dollar Homes in 7 Different Miami Areas

Are You Moving to Miami? This is what $3M / $4M Buys You in Miami and its Different Neighborhoods

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. Within Miami we compare the different areas if you were to buy with a $4M budget. First we show you the lowest, the average and the highest sales price per SF for each of the 7 neighborhoods (for properties in the $3M till $4M  range) in the last 12 months and we follow with examples of properties that closed within that price range.

What Does $3.5M Buy You In Miami?

The Average, Lowest and Highest Sales Prices per Sf for $3M  – $4M Homes in Miami

What Does $3M - $4M Buy You In Miami? $3M to $4M Million Dollar Homes in 7 Different Miami Areas

Data are taken over properties that sold between $3 and $4M in the last 12 months (August 12 2018 – August 12 2019)

What Does $3M – $4M buy you in Coral Gables?

7120 Mira Flores Ave, Coral Gables (Gated Community of Cocoplum)

5 Bedrooms | 6.5 Bathrooms | 5,280 SF | 18,215 SF Lot
Sales Price: $3,545,000 | $685 per SF
Listing Price: $3,750,000 | $725 per SF

Realtor’s description: No expense spared in this exquisitely remodeled designer’s personal Cocoplum estate. Elegant home features stylish & sophisticated living areas designed with the utmost attention to detail. Generously-sized kitchen is complete with multiple workspaces, top-of-the-line appliances & family-sized island. French doors throughout the first floor open to spacious covered porches, inviting pool & expansive yet private backyard. Luxurious master suite is complete with sitting area, custom built-ins & glamorous master bathroom & closet. 3-car garage is under air, perfect for multiple vehicles plus a gym space. Volume ceilings, ample natural light, custom window treatments & incredible craftsmanship make it perfect for the discerning buyer who appreciates fine designer finishes! Sq Ft per architect.

4510 Granada Blvd, Coral Gables (Waterfront)

6 Bedrooms | 7.5 Bathrooms | 6,602 SF | 19,884 SF Lot
Sales Price: $3,650,000 | $591 per SF
Listing Price: $4,200,000 | $680 per SF

Realtor’s description: Spacious, gated, contemporary Island–style villa nestled in the heart of Coral Gables, on the Gables Waterway with ocean access. Abundant natural light, expansive verandas and terraces, gorgeous water views from the large entertaining kitchen, which itself boasts a single-slab marble wall. Completely renovated and updated with 6 bedrooms, 7.5 bathrooms (all bathrooms are en suite), 3-car garage, Chicago-brick driveway, impact windows and doors, security cameras and “smart home” features, wine cellar, and lighted tropical landscaping. Formal living and dining areas, plus family room open to the kitchen and facing the pool patio and waterway, all designed for gracious, elegant, yet relaxed tropical living

What Does $3M – $4M buy you in Coconut Grove?

3779 Justison Rd, Coconut Grove

6 Bedrooms | 7.5 Bathrooms | 6,462 SF | 9,740 SF Lot
Sales Price: $3,400,000 | $626 per SF
Listing Price: 3,995,000 | $735 per SF

Realtor’s description: This brand new contemporary masterpiece is located on a tranquil street only minutes from the center of beautiful South Grove and the shops of Merrick Park. It offers a superb floor plan comprising six bedrooms, seven full bathrooms, and a powder room. The property conveys the sensibility of being outdoors, due to its floor to ceiling windows overlooking the lush landscape of Coconut Grove. The interior space was meticulously designed and luxuriously appointed with marble and solid wood floors. Nowhere else can one experience a lifestyle such as this.

1820 S Bayshore Drive, Coconut Grove (Waterfront)

4 Bedrooms | 4.5 Bathrooms | 4,384 SF | 20,000 SF Lot
Sales Price: $3,395,000 | $774 per SF
Listing Price: $3,999,999 | $912 per SF

Realtor’s description: WATERFRONT NEW CONSTRUCTION. Rare single family waterfront with large private dockage in N. Grove. 100′ wide deep water canal can accommodate turning 65′ boat. No bridges to bay and direct ocean access on this private canal. 20,000lb boat lift and 22′ floating dock with plenty of room in between to accommodate third boat. High ceiling open floor plan with clean lines make clean easy low maintenance living in a tropical & casual ambiance. Incredible outdoor living space features deep porches to enjoy the outdoors rain or shine. Large upstairs terrace offers sun and bay breezes by day and extraordinary views of starlit skies of city lights at night. Perfect for cocktails before dinner! 

What Does $3M – $4M buy you in Pinecrest?

9026 SW 59 Ct, Pinecrest

7 Bedrooms | 8.5 Bathrooms | 8,687 SF | 37,026 SF Lot
Sales Price: $3,500,000 | $415 per SF
Listing Price: $3,749,000 | $445 per SF

Realtor’s description: Exquisite North Pinecrest Estate on Private Cul-de-Sac Presents with 7 Bedrooms, 8.5 baths, 8,687 SF on Acre Lot. Marble Flooring-12′ Ceilings-Exceptional Living & Dining Rooms-Movie Theater-Mahogany Office-Grand Luxe Gourmet Kitchen w/ Stainless Steel Appliances-Formal Bar & Family Room for Hosting & Entertaining. Fabulous Summer Kitchen & Terrace Overlooking Pool & Gardens. Upstairs Enjoy Glamorous Master Suite w/ Spa Bath & Designer Closet. 4 More En-Suite Bedrooms w/ Game Room. House-Keeping Qtrs-3 Car Garage-All Impact Windows & Doors. Luxury at its Finest. F

6255 SW 132nd St, Pinecrest

6 Bedrooms | 10 Bathrooms | 7,951 SF | 38,768 SF Lot
Sales Price: $4,000,000 | $503 per SF
Listing Price: $4,475,000 | $563 per SF

Realtor’s description: Beyond the Impressive Architecture, a Custom Built Residence offering a Seamless Floor plan w/2 Masters, 5 Add’t Rooms planned for Multi Usage, suitable as Library, Media, Fitness, Nursery, Study or can be additional Bedrooms. State of the Art Chefs Kitchen, Breakfast Area, Expansive Prep Island, Prof Gas Wolf appliances, Subzero Fridges/ Wine Storage, Biaggi Cucina cabinets & Marble counters serve up the perfect style. Car Lovers Paradise designed for multiple car storage. Store your treasures in 1 of two 2 Car Garages or keep them under PorteCochere. Views from every room of Yard, Play areas, Shimmering Pool/Spa & Breathtaking Summer Pavilion tailored w/Lynx SS components. The Covered Terraces offer Grand Spaces & Unlimited Entertaining options. Truly an amazing custom build to call your very own!

What Does $3M – $4M buy you in Ponce Davis?

8560 SW 52nd Ave, Ponce Davis

6 Bedrooms | 6.5 Bathrooms | 8,386 SF | 38,202 SF Lot
Sales Price: $3,810,000 | $446 per SF
Listing Price: $3,990,000 | $467 per SF

Realtor’s description: Chateau Grande. This 6 bedroom estate sits at the end of a canopied cul-de-sac off School House Road in the heart of Ponce Davis. Ivy drapes the French inspired facade. The interior features soaring ceiling and meticulous finishes. The resort like grounds create an unparalleled family retreat! Whole house generator, mosquito control system, swim up pool bar and gazebo. This home has it all. Welcome Home!!

7426 SW 49 Pl, Ponce Davis (Gated Community of Stonegate)

6 Bedrooms | 7.5 Bathrooms | 6,423 SF | 32,496 SF Lot
Sales Price: 3,637,500 | $595 per SF
Listing Price: $4,250,000 | $695 per SF

Realtor’s description: Situated in prestigious, gated Stonegate, this French Provincial home exudes elegance & charm rarely found! The stately exterior hints at the gorgeous details inside like herringbone wd flrs in the foyer & Brazilian cherry thru-out, high ceils, impact drs & windows w/ wood finish inside & special moldings & baseboards. Renovated kitchen is perfectly and so happy! Sunlight abounds as the space connects w/ the fam rm. Also downstairs are stately formal living and dining rooms & cozy wood-paneled library w/ fireplace. The covered patio overlooks the 32,496 SF lot & chic pool & patio. The 2nd flr master is a true escape w/ sitting rm, BR, balcony, renovated spa-like bath, & 2 huge closets. 5 more BRs, 3 car gar, butler’s pantry, & so many special details make this a dream home!

What Does $3M – $4M buy you in Key Biscayne?

725 Woodcrest Road, Key Biscayne

6 Bedrooms | 6.5 Bathrooms | 3,750 SF | 7,687 SF Lot
Sales Price: 3,150,000 | $840 per SF
Listing Price: $3,295,000 | $878 per SF

Realtor’s description: Stunning new custom house with 6 bedrooms, 6 bathrooms and 2 half bathrooms. 3,750 SF, open floor plan, 12 foot ceilings, living room, dining room and kitchen opening to incredibly large covered patio. Unique pool at patio level, custom and bathrooms with Thassos marble floors throughout. This home is ideal for entertaining or relaxing and enjoying the open areas and natural light. Walking distance to school, shops and beach. A house made for Key Biscayne living

What Does $3M – $4M buy you in Miami Beach?

4345 N Meridian Ave, Miami Beach

7 Bedrooms | 6 Bathrooms | 5,941 SF | 19,630 SF Lot
Sales Price: $3,975,000 | $669 per SF
Listing Price: $4,975,0000 | $837 per SF

Realtor’s description: Located on an oversized half acre with 130 ft of water frontage on Miami Beach’s prized Meridian Ave. This 5,941 sf Mediterranean estate has been restored and updated, featuring 7 bed, 6 baths. One of Russel Pancoast’s most important homes showcasing Old-World charm upon arrival at a double height ceiling foyer leading to the living room with fireplace and Pecky Wood vaulted ceilings. Master suite with balcony overlook the pool, pergola and dock with new seawall, boat and jet ski lifts and ocean access. Updated gourmet kitchen with breakfast area and Wolfe appliances. Media room, Study, and Gym. Walking distance to Houses of Worship, shops and schools. Formal dining with warm natural light. Separate service quarters included. Minutes from West Ave Corridor and new Ritz residences.

4900 Pine Tree Dr, Miami Beach (Waterfront)

6 Bedrooms | 6.5 Bathrooms | 5,444 SF | 13,070 SF Lot
Sales Price: 3,700,000 | $703 per SF
Listing Price: $3,980,000 | $756 per SF

Realtor’s description:Live in the heart of Miami Beach and enjoy ultimate waterfront living on exclusive Pine Tree Drive. Sitting on a 13,070 SF lot boasting 63FT of WF, enter this beautiful Mediterranean style home through a private, gated entrance, as you step in you are greeted by double height ceilings in the foyer and living room and beautiful water views throughout. Features include a waterfront pool/spa, gourmet kitchen, maid’s quarters, expansive master suite, his/hers bathroom and a large balcony overlooking the water.

7740 Atlantic Way, Miami Beach (Gated Community of Altos del Mar)

4 Bedrooms | 4.5 Bathrooms | 3,926 SF | 6,250 SF Lot
Sales Price: 3,300,000 | $998 per SF
Listing Price: $3,985,000 | $1,205 per SF

Realtor’s description: Stunning Mediterranean home located in a gated community on Miami Beach just steps from the sand. This pristine villa boasts 4bdrms 4.5 baths including a guest/maid quarter separated from the main home. The French doors throughout open up to courtyards and balconies inviting tons of light to enter, yet very private and quiet to enjoy family or guests. The outdoors include airy poolside living, dining and lounge areas with a summer kitchen. Enjoy the rooftop sun deck suitable for watching the stars or hosting some friends while embracing the breathtaking sounds and views of the ocean. 2010 construction with high quality finishes and high ceilings with double-height ceilings in the family room. Altos Del Mar is comprised of 22 lots with beach access in Miami Beach.

What Does $3M – $4M buy you in Bal Harbour?

173 Bal Bay Dr, Hal Barbour

6 Bedrooms | 7.5 Bathrooms | 6,170 SF |10,764 SF Lot
Sales Price: $3,800,000 | $616 per SF
Listing Price: $4,350,000 | $705 per SF

Realtor’s description: Exclusive Bal Harbour village-gated community-24 hour security-marina. spectacular mediterranean gem! exquisite home features marble & wood floors throughout, volume ceilings, 6 on-suite bedrooms, formal dining room & top of the line eat-in kitchen with granite tops. lavish pool area with jacuzzi and cabana bath. walking distance to private marina, world renowned Bal Harbour shops, beaches and places of worship.

Contact the David Siddons Group for more information regarding Miami Homes for sale and the different Miami neighborhoods

David Siddons | David@siddonsgroup.com | +1.305.508.0899 

David Siddons is a top producing Miami realtor with nearly $100M in yearly sales. He is known as a market analyst and he is the author behind some of Miami’s most influential real estate reports and forecasts.


These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!


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