Miami Beach Buy | Condo

Approximately 67% of luxury transactions are still closed in cash, often securing better terms in a stabilizing market. Miami Condo Market Report Spring 2026

$1,222,071 (a record high, up 28.8% year-over-year). condo miami beach buy

These units are undergoing "structural repricing." Buyers are aggressively negotiating discounts to account for mandatory structural integrity reserve studies, special assessments, and rising insurance premiums. Neighborhood Highlights Neighborhood Price/SF Range Top Building Examples South of Fifth (SoFi) Ultra-exclusive, high-net-worth $1,500 – $3,500+ Apogee , Continuum Mid-Beach Tranquil, branded-luxury hub $1,100 – $1,600 The Perigon , Faena House North Beach Rapidly transforming, value-play $800 – $1,200 72 Park Bal Harbour / Surfside Secluded, trophy oceanfront $1,000 – $2,500+ Surf Club (Auberge) Actionable Tips for Buyers Approximately 67% of luxury transactions are still closed

Miami Beach Condo Market Report: Q1 2026 Analysis As of April 2026, the Miami Beach condominium market has transitioned into a "scarcity story," diverging sharply from the broader Miami mainland. While the market as a whole is stabilizing, the Beach is experiencing its first inventory contraction since 2023, with trophy oceanfront properties reaching record pricing. The "Two-Tier" Market Dynamic

Averaging 113 days, providing buyers more time for due diligence than in previous peak years. The "Two-Tier" Market Dynamic