Luxury Homes for Sale in Miami

The City of Miami's million-dollar house market spans several quite distinct submarkets, and treating it as one market is misleading. Coconut Grove, Coral Way, the Upper East Side and the waterfront pockets each have their own stock, buyer profile and price behaviour, and inventory at this level ranges from historic Grove houses to new construction on the bay. Because the city boundary captures both dense urban neighbourhoods and established residential districts, the same nominal price can buy very different things depending on location. Lot size, water access and flood zone are usually the variables that separate two listings at similar prices. Buyers working across the city rather than within a single neighbourhood should expect wide variation in what a given budget delivers.