What Kind of Condo Does $5M Buy You In Miami? $5M Condos in 4 Different Miami Areas

Are You Relocating to Miami? What Kind of Condo Does $5M Buy You In 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 $5M to $6M price range. This blog is written to give you a good idea of what $5M – $6M buys you in the Miami condo market and to be able to compare a $5M 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

What Does $5M buy you in Miami Beach?

The Edition Residences Unit 1101, Miami Beach
3 Bedrooms | 3.5 Bathrooms | 2,756 SF 

Sales Price: $5,000,000 | $1,814 per SF
Listing Price: $5,500,000  | $1,996 per SF

Realtor’s description
: From the first moment you walk into the living room an expansive Atlantic Ocean greets you as far as your eyes can see. With impeccable attention to detail, this 3 bedroom, 3.5 bath residence boasts 8.5 floor-to-ceiling windows that lead to expansive terraces directly facing the Atlantic Ocean. Featuring a private entry foyer, Brazilian teak floors throughout, Bulthaup open kitchens, translucent Italian white onyx and cast concrete in the bathrooms, all custom designed by John Pawson.

The Residences at the Bath Club, Unit 1706, Miami Beach
4 Bedrooms | 5.5 Bathrooms | 4,135 SF 

Sales Price: $5,200,000 | $1,258 per SF
Listing Price: $5,600,000 | $1,354 per SF

Realtor’s description
: DONE TO THE NINES, expansive, turn key apartment in the illustrious Bath Club. Located in the heart of Miami Beach, this tremendous flow through unit offers massive, direct ocean views to the east, along with clear intracoastal and downtown Miami views to the west. Private elevator, gourmet chefs kitchen, smart home technology, and an immaculate design make this a best of the best. Featuring five star amenities, full time concierge, har-tu tennis courts, pool and beach service, state of the art gym and spa, and an immensely large property, The Bath Club is world renown as being incomparable for a reason.

Continuum North, Unit 2802, Miami Beach (South of Fifth)
3 Bedrooms | 3.5 Bathrooms | 2,503 SF 

Sales Price: $5,630,000 | $2,249 per SF
Listing Price: $6,750,000 | $2,697 per SF

Realtor’s description
: Fully renovated, ultra sophisticated corner unit with unobstructed ocean views. Grand floor to ceiling windows, natural lighting, and luxurious balconies to entertain. This unit has marble flooring, a massive chef’s kitchen with impeccable finishes, and a smart house electronic system. Five star amenities, including restaurant, pool and beach service. 24/7 security, concierge services, and valet parking.

1 Hotel & Homes PH1612, Miami Beach
3 Bedrooms | 3.5 Bathrooms | 2,548 SF 

Sales Price: $5,700,000 | $2,237 per SF
Listing Price: $5,950,000 | $2,335 per SF

Realtor’s description
:  Enjoy the sounds of the ocean in your direct ocean view trophy Penthouse located at 1 Hotel & Homes, South Beach!Featuring lavish home elements, delivered fully furnished by Brazilian design house Artefacto. Bring the outside in, floor to ceiling sliding doors make this spacious 3 bed +Den floor plan w/ 2,548 sqft. seem endless.Experience hotel living with access to all services including housekeeping, valet, concierge, in-room dining, 14,000 sqft gym, Bamford Haybarn SPA, Restaurants, Rooftop pool & more!

What Does $5M buy you in Bal Harbour?

St Regis, Unit 1001S, Bal Harbour
3 Bedrooms | 3.5 Bathrooms | 3,883 SF 

Sales Price: $5,200,000 | $1,339 per SF
Listing Price: $6,850,000 | $1,764 per SF

Realtor’s description
: This flow-through residence at the St. Regis Bal Harbour offers 270 degree sweeping views of the Atlantic Ocean and Miami skyline from its floor-to-ceiling glass walls and extra deep terraces. It is the lowest priced south-facing unit, the building’s premier side. The unit features a fully equipped chef’s kitchen with wine storage & dual ovens, generous living areas with a separate family room, and Lutron shades and blackout curtains throughout. The St. Regis offers bespoke living at its finest, with 24 hour concierge, resident butler, four pools, private oceanfront cabanas, restaurants, beach-service, full service spa and separate residents amenities, all while being located directly across the street from the world-renowned Bal harbor Shops. Furniture is available separately.

Oceana Bal Harbour, Unit 1902, Bal Harbour
3 Bedrooms | 4.5 Bathrooms | 3,450 SF 

Sales Price: $5,378,000 | $1,559 per SF
Listing Price: $5,900,000 | $1,710 per SF

Realtor’s description
: Be the first to live in the spectacular flow through unit with breathtaking ocean and city views! The unit offers 3,592 sqft, 3 bedrooms, 4 bathrooms, separate maids quarters and 745 SF of terrace. Top of the line Gaggenau appliances, window treatments, and white Calacatta marble thought out the apartment. This is an unparalleled and stunning oceanfront high rise in a five star residence with resort-style amenities. Amenities included: 24 hour concierge, poolside restaurant under Starr catering, tennis courts and world-class spa. You don’t want to miss this!

St Regis Unit 2002N, Bal Harbour
3 Bedrooms | 3.5 Bathrooms | 3,128 SF 

Sales Price: $5,800,000 | $1,854 per SF
Listing Price: $6,395,000 | $2,044 per SF

Realtor’s description: Stunning in every possible way! This spectacular high floor flow-through ocean front residence at the prestigious St. Regis Bal Harbour is filled with high quality craftsmanship and great attention to detail throughout. This 3 bedrooms, 3.5 bathrooms residence boasts endless ocean and gorgeous sunset views from two separate 500+ sf (each)balconies. Gorgeous master suite facing the ocean, impeccable large kitchen with Subzero and Miele appliances. a Must see! The St. Regis include superb amenities, a 14,000-square-foot Remède Spa, gourmet cuisine at Atlantikós and BH Burger Bar, 3 pools, including a separate pool for owners, beautifully appointed Oceanfront Day Villas and signature St. Regis Butler service. All of this, in one of the most distinguished neighborhoods in South Florida.

What Does $5M buy you in Surfside?

The Surf Club Four Seasons Residences unit N-617, Surfside
2 Bedrooms | 2.5 Bathrooms | 3,424 SF 

Sales Price: $5,900,000 | $1,723 per SF
Listing Price: $6,500,000 | $1,898 per SF

Realtor’s description: Enjoy FOUR SEASONS LIVING & EXPERIENCE THE ART OF HOSPITALITY in this spacious 2-bedroom plus den oceanfront flow-through residence with breathtaking ocean and city views and 3,424 square feet of interior living space. Features: Molteni furniture, Italian Travertine flooring throughout, custom-designed shade pockets, “lift & glide” terrace doors, Richard Meier&Boffi-designed kitchen cabinetry, Corian countertops w/seamless monolithic sinks, Sub-Zero&Miele integrated appliance package, 5 burner gas cooktop, level five wall finishes, laundry room, den, maids room, dedicated service elevator, chilled water-air-conditioning system, multi-zone climate controlled system, bathrooms: Duravit & Dornbracht fixtures, freestanding tub, white marble floor & walls.

What Does $5M buy you in Key Biscayne?

Grand Bay Residences Unit 1201, Key Biscayne
5 Bedrooms | 4.5 Bathrooms | 5,634 SF 

Sales Price: $5,000,000 | $887 per SF
Listing Price: $5,850,000  | $1,038 per SF

Realtor’s description
: Presenting one of Grand Bay community’s largest luxury units with views of the Ocean and Bay. Just imagine 5634 int. SF, 5 bed, 4.5 baths, and beautiful terraces. A private elevator opens to the double size living room. An art lovers dream! Hector-Hector chef’s kitchen has center island breakfast bar, custom Chippendale cabinetry, top shelf appliances, three ovens and a wine fridge! Dinner can be served in the dining room next to the rustic Library, serving wine from the temperature controlled 1,100 bottle wine room. After a movie in the theater, retire to the Master suite with spacious walk-in closet, spa-like bath, for a soak in the tub. Draw the motorized shades, and enjoy the smart home entertainment system. Includes 2 parking spots, storage, and a 245 SF studio (1/1) on the 1st floor.

Ocean Tower 2 Unit 808, Key Biscayne
4 Bedrooms | 5.5 Bathrooms | 5,207 SF 

Sales Price: $5,875,000 | $1,128 per SF
Listing Price: $5,999,000 | $1,152 per SF

Realtor’s description: Only seen in Magazines! Pure luxury can only describe this 4 bed, 5 1/2 bath and staff quarters at the luxurious Ocean Club. Direct views to the ocean and to South Beach. Completely renovated and custom designed by Adriana Hoyos with a neutral palette. Open floor plan feels like a home. Resort Style living, private club, restaurants, spa beauty salon, fitness center, tennis & pools. Wine cellar, fur room and private 24 hr concierge service exclusive to “08” line owners and 4 parking spaces # 308, 310 & 255 (#255 is a tandem parking space).

Contact the David Siddons Group for more information regarding Miami Condos 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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