Miami has some of the most luxurious real estate in the entire country. There's more waterfront property here than anywhere, and housing options include luxury apartments, high-rise condominiums, and sprawling mansions. 

There are several areas of the city particularly known for their high-end accommodations, and you can learn about them all in our guide to the luxury real estate market in Miami. 

Coral Gables

Coral Gables is referred to as "The City Beautiful," and it was founded as Miami's first-planned community in the 1920s. There are Spanish Revival, Old Floridian, and modern homes available in this village known for its beautiful landscaping. 

Families enjoy how separate this neighborhood from the city, and they stay around for the top-notch schools. There is a weekly Saturday Farmer's Market in Coral Gables and excellent entertainment options on Miracle Mile

Average Home Price: $1,599,652

Bal Harbour 

Bal Harbour is a small island village that features deluxe oceanfront living. The rich and famous own houses here, including Miami Heat owner Micky Arison. 

Bal Harbour also has some of Miami's best beaches. One of the area's main attractions is Bal Harbour Shops, the most productive luxury fashion shopping center in America. 

Average Home Price: $5,684,951

Related content: The Expert Guide to Neighborhoods in Miami

Brickell Avenue 

Brickell Avenue is home to one of Miami's youngest and most vibrant communities. There is an influx of Argentinian, Colombian, Cuban, Nicaraguan, and Venezuelan residents that add to the cosmopolitan vibe. 

Many of Brickell's modern skyscrapers have unparalleled views of the city and waterfront. One of the country's largest financial centers is consolidated in the area as well. 

Average Home Price: $484,213

Coconut Grove

Coconut Grove is a waterfront village that has beautiful homes and luxurious condos available. Old Florida roots and a flourishing arts community influence the area's style. 

The Grove has ample green space with 14 parks and a marina. Restaurants are eclectic, and a diverse live music scene makes the bars here very lively. 

Average Home Price: $1,443,321

Fisher Island 

Fisher Island is the former William K. Vanderbilt estate, and, today, it's one of the world's most exclusive communities. This private island has the country's highest per capita income and many celebrities have mansions here. 

Most navigate the island by using either golf carts or bicycles. At the Fisher Island Club, members can enjoy a nine-hole golf course, tennis, spa, and private beach. 

Average Home Price: 3,828,860

Miami Beach

Due to its renowned nightlife scene, Miami Beach is idealized around the world, and many want to live here. This area is a cultural gateway to Latin America, and many enjoy the high-end Lincoln Road Mall and top-rated restaurants that line the beach. 

There are many Art Deco buildings that are an ode to Miami's past alongside ever-increasing new development. The real estate options are largely centered on the condo market, but there are also some homes in a few of the beach's more secluded areas. 

Average Home Price: $3,504,885

Related content: Lincoln Road Mall in Miami Beach

Key Biscayne 

The barrier reef island of Key Biscayne is a place people enjoy because it's still near the heart of Miami's action but operates at a slower pace. There's a variety of different housing options here from waterfront estates to bungalows and condos. 

There are great opportunities for boating, diving, and surfing on Key Biscayne. The culinary influences that can be found here include Pan-Asian, Argentinian, Italian, Peruvian, and Portuguese. 

Average Home Price: $4,131,657


The urban design was inspired by New York's SoHo neighborhood, but it also distinctly feels like Miami. There are contemporary skyscrapers that make up a large portion of the Miami skyline. 

Midtown is an area where you can find art galleries and world-class shopping. The area also encompasses the popular arts and entertainment community, Wynwood

Average Home Price: $4,329,787

There's certainly no shortage of options for luxury real estate options in Miami. Find the community that best fits your needs! 

Find out more about Miami real estate by registering on 305area, your free guide to the Miami area. 


Cover photo courtesy of PxHere