Luxury Homes for Sale in Miami Beach

Miami Beach has the deepest and most expensive single-family market in the county. The stock runs from the historic districts on the west side of the island through the Sunset Islands, Venetian Islands and La Gorce, and the top of the market is dominated by waterfront and island properties with dock access. Because the island is fully built out, most transactions at this level involve either renovation of existing houses or teardown-and-rebuild, and land value frequently exceeds improvement value. Flood elevation, seawall condition and dock rights are material variables here in a way they are not in inland markets. The result is a market where two houses at the same asking price can differ enormously depending on water frontage and lot orientation.