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?
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.
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.
Discover Miami and Miami Beach Luxury Real Estate for Sale
Are you searching for the epitome of luxurious living? Miami Beach luxury homes for sale represent the pinnacle of sophisticated waterfront living. These exceptional properties combine stunning architectural designs with breathtaking ocean views. Additionally, they feature world-class amenities that satisfy the most discerning tastes. From palatial waterfront estates to sleek modern penthouses, the luxury real estate market in Miami Beach offers buyers an impressive selection of premium properties. Moreover, these homes are located in South Florida’s most prestigious neighborhoods.
Premier Miami Beach Luxury Home Listings
Miami Beach’s luxury real estate market stands out with some of the most exclusive properties in the world. As a result, these exceptional homes attract sophisticated buyers from across the globe. Furthermore, they showcase innovative architecture and premium finishes throughout. In addition, they offer resort-style amenities that cater to even the most discerning lifestyle needs.
Waterfront Luxury Homes for Sale in Miami Beach
The allure of Miami Beach living peaks with waterfront luxury homes for sale in Miami Beach. These magnificent estates feature private docks for yachts. They also boast infinity pools that blend seamlessly with Biscayne Bay or the Atlantic Ocean. Meanwhile, expansive outdoor entertainment areas take full advantage of South Florida’s ideal climate. Consequently, waterfront properties in Miami Beach offer more than just a residence. They provide an exclusive lifestyle that perfectly balances privacy with the natural splendor of coastal living.
Many waterfront luxury homes showcase floor-to-ceiling windows that capture stunning panoramic views. Most properties include private beach access for owners. Additionally, sophisticated smart home technology allows convenient control of security, climate, and entertainment systems. These exceptional properties typically range from $5 million to over $50 million. However, prices ultimately depend on factors such as location, size, and unique features.
Luxury Condos for Sale in Miami Beach
For those who prefer maintenance-free living without sacrificing luxury, Miami Beach offers an impressive array of luxury condos for sale in Miami Beach. Specifically, these sophisticated residences provide the ultimate combination of security, convenience, and resort-style amenities.
Miami Beach’s luxury condos typically feature 24-hour concierge service. In addition, they offer valet parking and state-of-the-art fitness centers. Furthermore, residents enjoy spa facilities and infinity pools overlooking the ocean. Inside, you’ll find designer kitchens with premium appliances. Moreover, marble bathrooms and expansive terraces create perfect settings for entertaining while enjoying stunning views.
Notable luxury condominium developments include The Continuum South Beach and Apogee. Similarly, Murano Grande offers exceptional amenities. Finally, the newly developed Eighty Seven Park by renowned architect Renzo Piano represents the latest in luxury design. Collectively, these buildings exemplify the highest standards in luxury condominium living.
Mansions for Sale in Miami Beach
For the ultimate in privacy and prestige, mansions for sale in Miami Beach offer expansive living spaces on generously sized lots. Primarily, these architectural masterpieces feature custom designs and private tennis courts. Additionally, they often include home theaters and wine cellars. Likewise, multiple guest accommodations ensure comfortable space for visitors and staff.
Miami Beach mansions typically range from 7,000 to over 20,000 square feet of living space. Generally, these estates boast 6+ bedrooms and bathrooms. While many of these properties have historical significance, others showcase cutting-edge modern design. Consequently, buyers can find options that match their architectural preferences while still enjoying premium luxury features.
New Construction Luxury Homes in Miami Beach
Miami Beach continues to evolve with exciting new construction luxury homes in Miami Beach for luxury buyers. Above all, these newly built homes incorporate the latest in architectural innovation. Additionally, they feature enhanced energy efficiency and cutting-edge smart home technology.
New luxury properties often feature open floor plans as their central design element. Equally important, they utilize sustainable building materials throughout. Furthermore, they include impact-resistant windows and advanced security systems. To summarize, many new construction homes are specifically designed to maximize indoor-outdoor living. Therefore, you’ll often find summer kitchens, rooftop terraces, and courtyard pools that perfectly complement Miami’s tropical climate.
Explore Luxury Homes by Neighborhood in Miami and Miami Beach
Miami Beach encompasses several distinct neighborhoods, each with its own character and appeal. Indeed, understanding these areas is essential for finding the perfect luxury property. To clarify, each neighborhood offers unique advantages that may align with your specific lifestyle preferences.
Luxury Homes on Palm Island
Connected to Miami Beach by the MacArthur Causeway, Palm Island is an exclusive man-made island. In particular, it features some of Miami’s most prestigious homes. This guard-gated community offers exceptional privacy as its primary benefit. Subsequently, residents enjoy spectacular city skyline views and waterfront properties with direct bay access. Notably, luxury homes on Palm Island typically start at around $10 million and can exceed $40 million for the most lavish estates.
Luxury Homes on Star Island
Star Island represents the pinnacle of Miami luxury real estate, with some of the most expensive and exclusive properties in the entire region. This private island has long been home to celebrities, business magnates, and international elites who value its unparalleled privacy and security. Luxury homes on Star Island frequently feature expansive lot sizes of 40,000+ square feet, private docks that can accommodate large yachts, and panoramic views of Downtown Miami and Biscayne Bay.
Luxury Homes on Hibiscus Island
Neighboring Palm Island, Hibiscus Island offers similar exclusivity with slightly more accessible price points. This guard-gated island community features stunning waterfront mansions with private docks, tropical landscaping, and the perfect balance of privacy and convenience to South Beach’s entertainment district. Luxury homes on Hibiscus Island residents enjoy a tranquil setting while being just minutes from the energy and excitement of Miami Beach.
Luxury Homes in Fisher Island
Accessible only by private ferry, helicopter, or boat, Fisher Island represents the ultimate exclusive enclave of luxury living in Miami. This 216-acre private island community features a championship golf course, private beaches, marina facilities, and world-class tennis facilities. Luxury homes in Fisher Island condos and residences offer unprecedented privacy, security, and amenities, with prices typically starting at $5 million and reaching upwards of $70 million for the most lavish properties.
Luxury Homes in Bal Harbour
Located at the northern tip of Miami Beach, Bal Harbour is synonymous with sophisticated luxury. Home to the famous Bal Harbour Shops, this prestigious community offers both waterfront estates and luxury high-rise condominiums. Luxury homes in Bal Harbour‘s pristine beaches, upscale dining, and exclusive shopping make it one of the most sought-after neighborhoods for luxury buyers.
Luxury Homes in Sunny Isles Beach
Often called the “Florida’s Riviera,” Sunny Isles Beach has undergone a remarkable transformation with the development of ultra-luxury condominium towers. Luxury homes in Sunny Isles Beach like the Porsche Design Tower, Residences by Armani/Casa, and Turnberry Ocean Club offer branded luxury living experiences with unprecedented amenities and design features. These buildings feature dramatic ocean views, private elevators, and innovative features like the car elevators at Porsche Design Tower that allow residents to park their vehicles adjacent to their living rooms.
Luxury Homes in La Gorce
La Gorce is a prestigious gated community centered around the La Gorce Country Club and its acclaimed golf course. This established neighborhood features elegant waterfront estates and meticulously maintained properties on oversized lots. Luxury homes in La Gorce offers a more traditional luxury lifestyle with a strong sense of community, while still providing the privacy and exclusivity that high-net-worth buyers demand.
Why Choose Miami Beach for Luxury Real Estate?
Miami Beach has evolved into one of the world’s premier luxury real estate markets. As a matter of fact, it attracts international buyers and domestic relocations at an unprecedented rate. Therefore, understanding the factors driving this demand helps explain why investing in Miami Beach luxury real estate represents more than just a home purchase.
The Allure of the Miami Beach Lifestyle
Miami Beach offers a unique combination of tropical climate and cultural diversity. First and foremost, it provides sophisticated urban living in a paradise setting. Over time, the city has transformed into a global arts and culture destination. For instance, events like Art Basel Miami Beach draw international attention annually. Beyond that, world-class restaurants, designer shopping, and a vibrant nightlife scene provide endless entertainment options for residents.
The city’s famous Art Deco architecture in South Beach creates a distinctive visual character found nowhere else in America. Meanwhile, new architectural masterpieces by renowned designers like Zaha Hadid, Herzog & de Meuron, and Rem Koolhaas continue to reshape the skyline.
Waterfront Living and Amenities
Miami Beach’s geographic position between Biscayne Bay and the Atlantic Ocean creates unparalleled opportunities for waterfront living. Luxury homeowners can enjoy private beaches, boating access, and water activities year-round in the crystal-clear waters surrounding Miami Beach.
The city’s marinas accommodate vessels of all sizes, making it a paradise for yachting enthusiasts. Many luxury homes feature private docks that can accommodate large yachts, allowing owners to enjoy the freedom of ocean access directly from their backyard.
Proximity to Key Areas
Despite its island setting, Miami Beach offers remarkable convenience. Downtown Miami is only a short drive away. Similarly, the Brickell Financial District can be reached in under 20 minutes. Meanwhile, Miami International Airport provides easy access for travelers. The nearby Design District and Wynwood Arts District deliver exceptional cultural and shopping experiences just moments away.
For international residents, Miami serves as an ideal gateway to the Caribbean and Latin America. Additionally, the airport offers direct flights to most major global cities. As a result of this strategic location, Miami Beach attracts numerous international buyers. Furthermore, those with global business interests find the area particularly appealing.
Safe and Secure Community
Many of Miami Beach’s most prestigious neighborhoods feature gated entrances, private security, and sophisticated surveillance systems. This focus on safety and privacy makes these communities ideal for high-profile individuals and families seeking discretion and security.
The City of Miami Beach also maintains dedicated police patrols in residential areas and has invested in advanced public safety infrastructure to ensure resident wellbeing.
Find Your Dream Luxury Home in Miami Beach
Navigating the luxury real estate market in Miami Beach requires specialized knowledge. To be successful, you need access to both public and private listings. Hence, working with a specialized luxury real estate agent provides several advantages in this competitive market.
Explore Different Property Types
Miami Beach offers diverse luxury housing options to match varied lifestyle preferences:
Single Family Homes: For maximum privacy and customization. In essence, these range from historic Mediterranean Revival mansions to ultra-modern architectural showcases
Condos: Offering maintenance-free living with five-star amenities. Consequently, these provide convenience without sacrificing luxury
Townhomes: Providing a balance of space and convenience. Particularly, many feature private rooftop terraces for outdoor enjoyment
Land: For those wishing to build a custom dream home in one of Miami’s most coveted locations
Search Newest Miami Beach Real Estate Listings
The luxury market in Miami Beach moves quickly, with many desirable properties selling through private networks before ever reaching public listings. Established luxury real estate specialists maintain access to these off-market opportunities and can alert qualified buyers to new properties matching their criteria.
Our website offers real-time updates on the newest luxury listings in Miami Beach, with detailed information, virtual tours, and high-resolution photography to help you identify promising properties.
View Miami Beach Waterfront Homes for Sale
Miami Beach waterfront homes for sale represent the most coveted segment of Miami Beach’s luxury real estate market. These exceptional homes offer direct water access, stunning views, and the quintessential South Florida lifestyle.
When evaluating waterfront properties, factors to consider include: water depth for boating access, seawall condition, elevation considerations, and exposure direction for optimal sunset or sunrise views.
Miami Beach Luxury Real Estate Market Insights
The luxury real estate market in Miami Beach has shown remarkable resilience in recent years. Moreover, it continues to experience steady growth. Understanding current market conditions helps buyers make informed investment decisions.
Current trends reveal strong demand from domestic buyers. Similarly, international purchasers remain highly active in this market. Meanwhile, limited inventory in prime neighborhoods drives consistent price appreciation. Historically, luxury properties in Miami Beach maintain their value even during market fluctuations. Therefore, they represent attractive long-term investments for discerning buyers.
The influx of financial and technology companies relocating to South Florida has created a new segment of luxury buyers with substantial purchasing power and specific housing requirements. This trend has particularly impacted the upper segments of the market, with increased demand for turnkey properties featuring home offices and smart home technology.
The luxury real estate market in Miami Beach is booming, with high-profile buyers increasingly drawn to the area’s exclusive properties. For example, Jeff Bezos recently made headlines with his $148 million purchase on Indian Creek Island, often referred to as the “Billionaire Bunker.” This significant investment underscores the growing demand for Miami Beach luxury homes for sale, particularly in prestigious areas like Indian Creek Island. To learn more about this high-profile purchase and its impact on the market, check out our detailed post on Jeff Bezos’ $148M Miami real estate purchase.
Ready to Find Your Miami Beach Luxury Home?
Discovering the perfect luxury property in Miami Beach requires expert guidance and access to the finest listings. Our team specializes in Miami Beach luxury real estate, with unprecedented access to both public and private inventory in the area’s most prestigious neighborhoods.
Contact us today to schedule a private consultation and begin your journey to owning an exceptional Miami Beach luxury property. Our discreet, personalized approach ensures we understand your specific requirements and preferences, allowing us to identify properties that perfectly match your lifestyle and investment goals.
Are you searching for the epitome of luxury living in Miami? The Ritz-Carlton Residences, South Beach, is thrilled to announce the launch of its highly anticipated sales for an exclusive collection of luxury condos in one of America’s most glamorous beachfront destinations. Located in the heart of South Beach, this iconic property offers unparalleled elegance, world-class amenities, and breathtaking ocean views—perfect for discerning buyers seeking a beach house in the sky.
Why Choose The Ritz-Carlton Residences, South Beach?
The Ritz-Carlton Residences, South Beach, combines the legendary service of the Ritz-Carlton brand with the privacy and sophistication of premium residences. Nestled along Miami’s pristine coastline, this exclusive property features 30 carefully designed one- to five-bedroom residences, including two duplex penthouses, each offering private rooftop terraces, outdoor pools, and outdoor kitchens. Owners enjoy VIP access to all the services and amenities of The Ritz-Carlton, South Beach, complemented by refined interiors designed by Alessandro Munge, architecture by Kobi Karp Architecture and Interior Design Inc., lush landscaping by Naturalficial, and dining curated by Michelin-starred chef José Andrés.
This is more than just a home—it’s a lifestyle statement in an incomparable location, ideal for those seeking luxury properties in Miami.
Availability and Pricing Breakdown
The sales gallery is now open by appointment only, offering a range of luxurious residences to suit your preferences. Below is the current breakdown of availability and pricing as of February 2025:
Disclaimer: Pricing and availability are subject to change without notice. Please contact us for the most current information.
With a mix of active, contract-out, and sold units, now is the perfect time to explore these South Beach real estate opportunities and secure your dream luxury condo in Miami.
Unmatched Amenities for Luxury Living
The Ritz-Carlton Residences, South Beach, offers an array of world-class amenities designed for the ultimate luxury lifestyle:
24-hour doorman and concierge for personalized service
State-of-the-art fitness center for your wellness needs
Exclusive events in the screening room
Pool with cabanas for relaxation by the ocean
Entertainment lounge for social gatherings
These features, combined with the property’s prime location and iconic Ritz-Carlton brand, make it one of the most sought-after luxury properties in Miami.
Your Beach House in the Sky Awaits
A new chapter is opening in the story of America’s most glamorous beachfront destination. Whether you’re a local or an international buyer, The Ritz-Carlton Residences, South Beach, offers a rare opportunity to own a piece of Miami’s luxury real estate market. Don’t miss your chance to invest in this iconic property, where sophistication meets seaside serenity.
Contact Us Today
Ready to explore The Ritz-Carlton Residences, South Beach, and find your perfect luxury condo in Miami? Contact our expert team for more information or to schedule a private appointment at the sales gallery.
David Nguah, Director of Luxury Sales Douglas Elliman
Discover the pinnacle of South Beach real estate and secure your place in this legendary global brand. Act now—availability is limited, and demand for these luxury properties in Miami is soaring!
