Guide · Updated

What Miami real estate costs, area by area

Prices in South Florida vary by a factor of ten depending on the area, the age of the building and the distance to the water. This guide gives realistic ranges and what to check.

Typical prices by neighborhood

These ranges are indicative and move with the market. The live listings on the search page show current numbers.

Aventura: Condos from ≈$300K (older 1–2BR) to $3M+; townhomes and island homes $1M+.

Sunny Isles Beach: Older oceanfront condos from ≈$400K; new branded residences $2M–$20M+.

Hollywood: Condos from ≈$250K; single-family homes ≈$500K–$2M+; waterfront higher.

Hallandale Beach: Condos from ≈$200K (older) to $2M+ (new oceanfront).

Miami Beach: Art Deco condos from ≈$300K; oceanfront condos $1M–$30M+; waterfront homes $3M+.

Brickell: 1BR condos from ≈$400K; luxury and waterfront $1M–$10M+.

Edgewater: Condos ≈$450K–$3M+; bayfront penthouses higher.

Wynwood: Limited inventory: lofts and boutique condos ≈$400K–$1.5M.

Coconut Grove: Condos ≈$600K–$5M; homes ≈$1.5M–$20M+.

Coral Gables: Condos ≈$400K–$3M; homes ≈$1M–$30M+.

Key Biscayne: Condos ≈$800K–$10M+; homes $2.5M–$30M+.

Doral: Townhomes ≈$450K–$800K; homes ≈$700K–$2M+.

Fort Lauderdale: Condos from ≈$250K; homes ≈$600K–$3M; waterfront with dock $1.5M–$30M+.

Pembroke Pines: Townhomes ≈$350K–$550K; homes ≈$550K–$1.2M.

Boca Raton: Condos from ≈$300K; homes ≈$700K–$5M; country-club estates higher.

What drives the price

Location and distance to the ocean or the bay matter most, then the age and amenities of the building, the view and floor, the size of the unit, the flood zone and the financial health of the condo association. Two apartments of the same size on the same street can differ by 30% because of the building's reserves and fees.

Price is not the full cost

Always compare monthly cost too: HOA fees (from a few hundred to several thousand dollars in luxury towers), property tax (roughly 1.5–2% of the assessed value in many South Florida areas), insurance and, in flood zones, flood insurance. Use the calculator on this site for a quick estimate.

New towers versus older condos

Older condos in good buildings often give more square feet for the money but need careful review of reserves, inspections and special assessments. New construction costs more per square foot and offers modern amenities, with deposits paid in stages during construction.

How to read the market

Look at recent sold prices rather than asking prices, days on market and price reductions in the specific building. Your agent should prepare a comparison of sales for any unit you plan to offer on.

This guide is general information, not legal or tax advice. Laws and programs change — confirm details with a Florida attorney and a US tax professional.

FAQ

Questions I hear every week

A condo in Miami can start under $300,000 in older buildings away from the water and reach tens of millions in new oceanfront towers. Most buyers look at $400,000–$1.5 million. See the area ranges above and the live listings.

Distance to the ocean, the age and amenities of the building, flood risk and HOA fees change the price dramatically, even inside one city.

The market changes by area and segment. Insurance and HOA costs have grown in recent years, so compare the total monthly cost, not just the price.

Older condos in Hallandale Beach, North Miami and parts of Broward often cost less than Miami Beach or Brickell, but each building has to be checked individually.

No, the price is the same, but foreign buyers usually put more money down and should include all closing and ownership costs in the budget.

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