Looking for luxury living in Miami Beach without the seven-figure price tag? You’re in the right place. Miami real estate for under 1 million dollar offers smart opportunities for buyers who want style, lifestyle, and location — all without breaking the bank. Whether you’re dreaming of a South Beach condo or a peaceful retreat in Bay Harbor, these options are designed to deliver maximum value in Miami’s most desirable areas.
What Can You Expect for Under $1 Million in Miami Real Estate?
Browse Listings and Smart Buys Under $1M
- Miami Beach condos under $1M
- South Beach condos under $1M
- Brickell condos under $1M
- Edgewater Miami condos under $1M
- Bal Harbour Condos Under $ 1M
- Bay Harbor Islands Condos Under $1M
- Explore other Miami neighborhoods (Downtown Miami Sunny Isles, Coconut Grove, Coral Gables, Key Biscayne, Fisher island)
Condos and Townhomes Under $1M in Miami Beach
In areas like South Beach and North Beach, you’ll find beautiful condos offering high-end amenities, walkability, and ocean access. Many buildings under $1M include gyms, pools, 24/7 security, and stunning views. As a result, these units are ideal for professionals, retirees, and part-time residents alike.
Single-Family Homes in Bay Harbor and North Beach
Although rare, single-family homes under $1 million still exist in spots like Normandy Isles and Bay Harbor Islands. These homes often include private yards, parking, and room to grow. Because of this, they attract long-term residents who want more space without leaving the beachside lifestyle.
Square Footage and Value
In Miami Beach, $1 million buys approximately 646 square feet of prime real estate. While that may seem tight, you’re often getting ocean views, luxury finishes, and world-class surroundings. Meanwhile, in places like Edgewater or Surfside, you may find slightly larger spaces with more modern layouts.
Top Neighborhoods to Explore Under $1 Million
| Neighborhood | Why It’s Popular | What You’ll Find |
|---|---|---|
| South Beach | Iconic nightlife & walkability | Historic condos & boutique buildings |
| North Beach | Peaceful vibe near the ocean | Spacious condos, some homes |
| Bay Harbor Islands | Great schools & water access | Townhomes & waterfront condos |
| Edgewater | Modern skyline, urban energy | Newer high-rises under $1M |
| Brickell | Downtown lifestyle | Luxury condos with city views |
| Surfside | Family-friendly & stylish | Small buildings, walkable streets |
Key Considerations When Buying Miami Real Estate Under $1 Million
Location and Daily Commute
South Beach is perfect for walkability. However, if you’re commuting, Brickell or Edgewater may be more practical due to access to I-95 and the Metromover.
HOA Fees and Property Taxes
Be mindful of monthly HOA fees, which can range from $500 to $1,200 depending on the building. Property taxes also vary by area and homestead exemptions. Therefore, it’s wise to get a breakdown of all monthly costs upfront.
Potential for Appreciation
While South Beach is already well-known, neighborhoods like North Beach, Surfside, and Edgewater are seeing ongoing development. As a result, these areas offer excellent long-term investment value.
Lifestyle and Amenities
If you want beach access, South Beach and Surfside deliver. On the other hand, Edgewater and Brickell focus more on luxury towers, skyline views, and nightlife.
Financing Your Purchase
Start with pre-approval. Most buyers put 20% down to avoid PMI. Additionally, some lenders offer special terms for foreign buyers or second homes. First-time buyer assistance programs are also available in Miami-Dade.
Work With a Local Expert Who Knows the Market
With years of experience in Miami Beach real estate, I help buyers find smart-value homes and condos without missing out on quality. Because I focus on Miami Beach, South Beach, Bay Harbor Islands, and surrounding areas, I can uncover deals before they hit the public market.
Why Miami Beach Is Still a Great Buy
- No state income tax
- High rental demand and strong ROI
- Year-round sunshine and global appeal
- Ongoing appreciation in under-the-radar neighborhoods
Frequently Asked Questions
- Can I buy oceanfront property under $1M? Yes — condos near the beach or with partial views are available in areas like North Beach and Surfside.
- Is $1M enough for South Beach? Absolutely. Expect smaller units, but premium location and high-end buildings.
- What are HOA fees like? Generally range between $500–$1,200/month depending on building amenities and location.
- Is now a good time to buy? Yes. Interest rates remain favorable and inventory is competitive for sub-$1M listings.
- Can foreign buyers finance? Yes — but most lenders require larger down payments (30%–50%) and stricter terms.
- What’s the best neighborhood for value? Edgewater, Bay Harbor Islands, and North Beach offer excellent options under $1M.
Ready to Own Your Slice of Paradise?
Don’t just dream about it — let’s find your next home in Miami Beach, South Beach, or surrounding areas for under $1M. Whether you’re looking for value, views, or vacation lifestyle, I’m here to help you make a smart move.
📩 Email: info@miamisrealestate.com
📱 Call or WhatsApp: +1 786.200.3966
👤 David Nguah
Director of Luxury Sales
Douglas Elliman