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Miami Beach Luxury Condo Market Report Q1 2025: Record-High Prices Amid Buyer-Friendly Conditions

by Sep Niakan, May 22, 2025

Miami Beach Luxury Condo Market Report Q1 2025: Record-High Prices Amid Buyer-Friendly Conditions

Reflecting the overall mood of the Miami market, Miami Beach's luxury condo market reported stable sales along with a record-high price per square foot in our Q1 2025 analysis. While these indicators typically suggest a balanced market, the rising levels of surplus inventory and an increase in the number of days luxury properties spent on the market indicate that conditions remained buyer-friendly.

In Q1 2025, Miami Beach neighborhoods outperformed the mainland submarkets, claiming the lead for several key trends. South Beach emerged as Miami's top-performing submarket, recording an impressive 35% increase in year-over-year sales growth. Meanwhile, Sunny Isles Beach provided sellers with the best value for their luxury condos, also logging a 35% increase in year-over-year Price per Square Foot—the highest of all Miami neighborhoods in our quarterly analysis.

Sunny Isles Beach also stepped into the spotlight as Miami's fastest-selling market of Q1 2025, with luxury condos taking only 48 days on average to sell. And, once again, Fisher Island continued trending as Miami and South Florida's most expensive zip code, with the highest price per square foot and highest median sale price. 

Read on for more year-over-year insights in our exclusive and detailed analysis on how each Miami Beach-area neighborhood fared against each other ahead of peak season, as well as against the overall Miami luxury condo trends and other real estate market statistics in Q1 2025.

For the purposes of this report, we've included the sub-neighborhoods of South Beach, Mid-Beach, North-Beach, Sunny Isles Beach, Surfside, Bal Harbour, and Fisher Island as part of our Miami Beach grouping. This luxury condo submarket report focuses exclusively on properties priced at $1 million and above.

Q1 2025 Miami Beach Overall Luxury Condo Market Highlights:

  • Sales remained flat-positive year-over-year, indicating market stability, but were up 20% quarter-over-quarter.
  • Sunny Isles Beach remained the highest volume contributor—a nod to its popularity.
  • 12-month Sales Trendline kept a negative curve from Q3 2024 to Q1 2025.
  • Price per Square Foot went up 14.9% year-over-year to $1,375.
  • Median Sale Price climbed 6.7% year-over-year to $2.2M.
  • Days on Market remained flat year-over-year at 85 days.
  • Inventory went up 15% year-over-year to 23 months.
  • Miami Beach closed as a buyer's market in Q1 2025, reflecting the overall market mood.

Q1 2025 Miami Beach Sub-neighborhood Highlights:

  • South Beach emerged as the strongest market in Miami Beach and overall Miami, reporting the highest percentage increase (35%) in year-over-year sales.
  • The 12-Month Sales Trendline kept a negative trajectory across the board, except in Surfside and Bal Harbour.
  • Sunny Isles Beach recorded the highest year-over-year gains in Miami Beach and overall Miami, reporting a 35% increase in Price per Square Foot for luxury condos.
  • Fisher Island continued topping the list of the most expensive zip codes in all of Miami and South Florida, with luxury condos fetching a median price of $2,004/square foot.
  • Fisher Island reported the highest Median Sale Price of $5.5 million in our quarterly review, maintaining its status as the most premium zip code in Miami.
  • Sunny Isles Beach reported the highest percentage gains in year-over-year Median Sale Price at 28%.
  • Mid-North Beach emerged as the fastest-selling market in all of Miami, with luxury condos taking an average of only 48 days to sell.
  • South Beach recorded the lowest levels of inventory (21 months) in Miami Beach.


Miami Beach Luxury Condo Markets at a Glance: Q1 2025 YoY Closed Sales

Miami Beach Luxury Condo Markets at a Glance: Q1 2025 YoY Closed Sales


Miami Beach Overall Luxury Condo Markets at a Glance: Q1 2025 YoY Median Sale Price

Miami Beach Overall Luxury Condo Markets at a Glance: Q1 2025 YoY Median Sale Price


Miami Beach Luxury Condo Markets at a Glance: Q1 2025 YoY Median Sale Price/Sq. Ft.

Miami Beach Luxury Condo Markets at a Glance: Q1 2025 YoY Median Sale Price/Sq. Ft.

Table of Contents

  1. Overall Q1 2025 Miami Beach Luxury Condo Market Trends
  2. Q1 2025 South Beach Luxury Condo Market Trends
  3. Q1 2025 Mid and North Beach Luxury Condo Market Trends
  4. Q1 2025 Surfside & Bal Harbour Luxury Condo Market Trends
  5. Q1 2025 Sunny Isles Beach Luxury Condo Market Trends
  6. Q1 2025 Fisher Island Luxury Condo Market Trends
  7. Conclusion: Q1 2025 Miami Beach Luxury Condo Market Report

Q1 2025 Miami Beach Luxury Condo Market Summary - Fig. 1

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

217

20.6%

$2,200,000

15.8%

$1,375

16.0%

85

Q4 2024

180

 

$1,900,000

 

$1,185

 

78

 

Q1 2025 Miami Beach Luxury Condo Market Summary - Fig. 1.1

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

217

2.4%

$2,200,000

6.7%

$1,375

14.9%

85

Q1 2024

212

 

$2,062,500

 

$1,197

 

83


1. Q1 2025 Miami Beach Luxury Condo Market Sales: Flat YoY


Sales flat-positive year-over-year; 12-month sales trendline negative

The luxury condo market in Miami Beach echoed and contributed to the flat-positive quarter-over-quarter and year-over-year sales trends noted in the overall Miami market.

Below are the Key Q1 2025 Sales Statistics for Miami Beach:

  • Q1 2025 vs Q1 2024: Sales stayed mostly flat, slightly up by 2.4% from 212 in Q1 last year to 217 sales in the comparable quarter this year. (Fig.1.1)
  • Q1 2025 vs Q4 2024: Sales increased 20.6% quarter-over-quarter, up from 180 in the previous quarter to 217 in Q1 2025. (Fig. 1)
  • Sunny Isles Beach retained its position as the leading volume contributor for the tenth consecutive quarter, logging a total of 75 sales in Q1 2025, with South Beach close behind at 69 sales. 
  • South Beach emerged as the strongest market in Miami Beach and overall Miami, recording the highest percentage growth in year-over-year sales (35%) this first quarter.


Miami Beach Luxury Condo Quarterly Sales 2015-2025 - Fig. 2.1

Miami Beach Luxury Condo Quarterly Sales 2015-2025 - Fig. 2.1


Miami Beach Luxury Condo Monthly Sales from Jan. 2016 to Mar. 2025 - Fig. 2.2

Miami Beach Luxury Condo Monthly Sales from Jan. 2016 to Mar. 2025 - Fig. 2.2


Looking into the
Monthly Sales trends of Fig. 2.2 for Miami Beach reveals that sales gradually increased as the market entered high season in spring:

  • January 2025 closed with 44 luxury condo sales, lower than the 56 sales recorded in the same month a year ago.
  • February closed with 81 sales, higher than the previous year's 67 sales noted for the comparable month.
  • March closed with 92 sales, again higher than the 89 sales recorded for the same period in 2024.


Miami Beach Luxury Condo 12-Month Sales with Trendline - Fig. 2.3

Miami Beach Luxury Condo 12-Month Sales with Trendline - Fig. 2.3


Even with good sales momentum, the 12-month Sales Trendline of Fig. 2.3 maintained its slight negative trajectory from Q3 2024 to Q1 2025.

Pairing this analysis with our day-to-day interactions with clients, as luxury condo market experts, we expect this beachside market to report a softer second quarter compared to previous peak-season cycles. Historical data demonstrates that Miami's real estate market is cyclical, with spring kicking off the high season, although recent trends indicate that this luxury condo market is transitioning into one with year-round activity.


Miami Beach Luxury Condo Price Per Square Foot: Up to All-time High


Q1 2025 Price per Square Foot up 14.9% to peak of $1,375; Median Price also up year-over-year


Miami Beach Quarterly Sales Price per Sq. Ft. 2017-2025 - Fig. 3

Miami Beach Quarterly Sales Price per Sq. Ft. 2017-2025 - Fig. 3


Partly reflecting the overall Miami trend of an increase in year-over-year Price per Square Foot and decline in Median Price, this beachside grouping reported the following
Key Price Stats for Q1 2025

  • Q1 2025 vs Q1 2024: Price per Square Foot increased 14.9%, up from $1,197 in Q1 of the previous year to $1,375 in the same quarter of 2025. (Fig. 1.1)
  • Q1 2025 vs Q4 2024: Price per Square Foot increased 16% quarter-over-quarter, up from $1,185 in Q4 2024 to $1,375 this first quarter. (Fig. 1)
  • Q1 2025 vs Q1 2024: Median Sale Price also increased 6.7%, up from $2,026,500 in Q1 last year to $2,200,000 for the same quarter in 2025. (Fig. 1.1)

A closer look at the 9-year snapshot of quarterly luxury condo prices (Fig. 3) reveals that the Price per Square Foot in Miami Beach closed at a record-high of $1,375 in Q1 2025, demonstrating remarkable price appreciation and returns for luxury condo sellers. However, reading into the current market mood paired with trends emerging due to the recent administrative policies and a buyer's market taking hold, as luxury market veterans, we expect to see some price pressure and correction in upcoming quarters.


Q1 2025 Miami Beach Luxury Condo Days on Market: Up QoQ, Flat YoY


Miami Beach Quarterly Days on Market 2018-2025 – Fig. 4

Miami Beach Quarterly Days on Market 2018-2025 – Fig. 4


Days on Market remained flat year-over-year. Partly consistent with the overall Miami market trend of an increase in quarter-over-quarter and year-over-year values, Miami Beach reported the following Days on Market (DOM) statistics:

  • Q1 2025 vs Q1 2024: Luxury condos spent only 2 more days on the market compared to the year-ago quarter, reporting flat year-over-year numbers with a negligible 2.4% increase. (Fig. 1.1)
  • Q1 2025 vs Q4 2024: Luxury condos spent 7 more days on the market compared to Q4 2024, reporting a 9% increase in quarter-over-quarter DOM. (Fig. 1)
  • At 85 days, even though the statistic stayed within a healthy range, it indicated an increase in decision-making timelines, typical of this time of year as well as a strengthening buyer's market. (Fig. 4)


Q1 2025 Miami Beach Luxury Condo Inventory: Up YoY


Miami Beach Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 5

Miami Beach Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 5


A balanced market has approximately 9-12 months of inventory. The months of inventory are calculated as the number of active listings plus the number of pending listings divided by the average number of deals in the last 6 months.

Q1 2025 closed with 23 months of inventory. Partly deviating from the overall Miami market trend of flat quarter-over-quarter and higher year-over-year inventory, our Miami Beach luxury condo market analysis reveals the following stats for Q1 2025:

  • On a quarter-over-quarter basis, inventory was down from 27 months in December 2024 to 23 months in March 2025, reporting a 26% decline as high season kicked in towards the end of the first quarter. (Fig. 5)
  • On a year-over-year basis, inventory was up from 20 months in March 2024 to 23 months in March this year, recording a 15% increase.

Posting 23 months of inventory, Miami Beach remained a buyer's market, with levels in excess of the ideal 9-12-month range of a balanced market. This means buyers in this beachside grouping will enjoy a broader range of options within their preferred price bracket, while sellers will have to keep prices flexible.

As luxury housing experts, we expect inventory to continue ranging above its ideal 9-12-month benchmark in the following quarters. Even as the upcoming peak season absorbs a significant portion, elevated levels will keep the market favourable for buyers through to the end of the year.



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2. Miami Beach Neighborhoods: South Beach (33139)

Q1 2025 South Beach Luxury Condo Market Summary - Fig. 6

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

69

19.0%

$1,950,000

2.6%

$1,325

-4.2%

75

Q4 2024

58

$1,900,000

$1,383

60

 

Q1 2025 South Beach Luxury Condo Market Summary - Fig. 6.1

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

69

35.3%

$1,950,000

-15.2%

$1,325

-5.1%

75

Q1 2024

51

$2,300,000

$1,397

83


Q1 2025 South Beach Luxury Condo Sales: Up YoY – Leads % Growth in Overall Miami


Sales up 35.3% year-over-year; 12-month sales trendline negative


South Beach Luxury Condo Quarterly Sales 2015-2025 - Fig. 7.1

South Beach Luxury Condo Quarterly Sales 2015-2025 - Fig. 7.1


South Beach Luxury Condo 12-Month Sales with Trendline - Fig. 7.2

South Beach Luxury Condo 12-Month Sales with Trendline - Fig. 7.2


Leading and contributing to the overall market's flat-positive quarter-over-quarter and year-over-year performance, South Beach reported the following key sales statistics this first quarter:

  • Q1 2025 vs Q1 2024: Sales soared 35.3%, notably up from 51 in Q1 of the previous year to 69 sales in the comparable quarter of 2025. (Fig. 6.1)
  • Q1 2025 vs Q4 2024: Sales jumped 19% quarter-over-quarter, up from 58 in the previous quarter to 69 in Q1 2025. (Fig. 6)

South Beach emerged as the strongest market of Q1 2025 in our overall Miami luxury condo market analysis, leading first-quarter sales growth with the highest percentage increase (35%) in year-over-year volumes. The popular vacation destination was also one of only two Miami Beach neighborhoods to record an increase from year-ago sales in Q1 2025, along with the Mid-North Beach pairing.

Even with an improvement in quarterly momentum, the 12-month Sales Trendline of Fig. 7.2 kept a negative trajectory between Q3 2024 and Q1 2025.


Q1 2025 South Beach Luxury Condo Prices: Down YoY


Q1 2025 Price per Square Foot down 5.1% to $1,325; Median Price also down year-over-year


South Beach Luxury Condo Quarterly Price per Square Foot 2017-2025 - Fig. 8

South Beach Luxury Condo Quarterly Price per Square Foot 2017-2025 - Fig. 8


Partly deviating from the overall Miami trend of an increase in year-over-year Price per Square Foot and decline in Median Price, the luxury condo market in South Beach reported the following
Key Price Stats for Q1 2025:

  • Q1 2025 vs Q1 2024: Price per Square Foot declined 5.1%, down from $1,397 in Q1 last year to $1,325 in the same quarter of 2025. (Fig. 6.1)
  • Q1 2025 vs Q4 2024: Price per Square Foot decreased 4.2% quarter-over-quarter, down from $1,383 in Q4 2024 to $1,325 this first quarter. (Fig. 6)
  • Q1 2025 vs Q1 2024: Median Sale Price declined 15.2%, down from $2,300,000 in Q1 of the previous year to $1,950,000 for the same quarter in 2025. (Fig. 6)

A closer look at the 9-year snapshot of quarterly luxury condo prices (Fig. 8) shows that the Price per Square Foot closed in the upper ranges in Q1 2025, indicating that sellers continued receiving good returns for their luxury condo investments in this premium vacation and second home hotspot.


Q1 2025 South Beach Luxury Condo Days on Market: Up QoQ, Down YoY


South Beach Luxury Condo Quarterly Days on Market 2018-2025 - Fig. 9

South Beach Luxury Condo Quarterly Days on Market 2018-2025 - Fig. 9


Days on Market went down 10% year-over-year. Partly deviating from the overall Miami market trend of an increase in quarter-over-quarter and year-over-year numbers, South Beach reported the following Days on Market (DOM) statistics:

  • Q1 2025 vs Q1 2024: Luxury condos spent 8 fewer days on the market than in Q1 of the previous year, reporting a 10% decline in year-over-year stats. (Fig. 9)
  • Q1 2025 vs Q4 2024: Luxury condos stayed 15 days longer on the market compared to Q4 2024, posting a 25% increase in quarter-over-quarter DOM.
  • At 75 days, data indicates that buyer-seller communication flowed relatively swiftly in this iconic vacation destination.


Q1 2025 South Beach Luxury Condo Inventory: Up YoY – Still Lowest in Miami Beach


South Beach Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 10

South Beach Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 10


Q1 2025 closed with 21 months of inventory. Partly consistent with the overall Miami market trend of flat quarter-over-quarter and higher year-over-year inventory, luxury condos in South Beach reported the following statistics for Q1 2025:

  • On a quarter-over-quarter basis, inventory was up from 26 months in December 2024 to 21 months in March 2025, posting a 19.2% increase. (Fig. 10)
  • On a year-over-year basis, inventory was up from 18 months in March 2024 to 24 months in March this year, reporting a 16.7% increase.
  • At 21 months, inventory exceeded the 9-12-month benchmark of an ideal market, confirming a buyer's market.

It's also worth noting that South Beach reported the lowest inventory levels in Miami Beach in our first quarter review.


3. Miami Beach Neighborhoods: Mid and North Beach (33140 & 33141)

Q1 2025 Mid-Beach and North-Beach Luxury Condo Market Summary - Fig. 11

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

45

87.5%

$1,800,000

14.3%

$1,405

53.0%

48

Q4 2024

24

$1,575,000

$918

54



Q1 2025 Mid-Beach and North-Beach Luxury Condo Market Summary - Fig. 11.1

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

45

4.7%

$1,800,000

-4.0%

$1,405

30.4%

48

Q1 2024

43

$1,875,000

$1,077

96


Q1 2025 Mid-North Beach Luxury Condo Sales: Up YoY


Sales up 4.7% year-over-year; 12-month sales trendline negative


Mid-Beach and North-Beach Quarterly Sales 2015-2025 - Fig. 12.1

Mid-Beach and North-Beach Quarterly Sales 2015-2025 - Fig. 12.1


Mid-Beach and North-Beach 12-Month Sales with Trendline - Fig. 12.2

Mid-Beach and North-Beach 12-Month Sales with Trendline - Fig. 12.2

Reflecting the overall market's modest growth while outperforming in quarterly momentum, Mid-North Beach reported the following key sales statistics this first quarter:

  • Q1 2025 vs Q1 2024: Sales increased 4.7%, up from 43 in Q1 last year to 45 sales for the comparable quarter of 2025. (Fig. 11.1)
  • Q1 2025 vs Q4 2024: Sales spiked 87.5% quarter-over-quarter, notably up from 24 in the previous quarter to 45 in Q1 2025. (Fig. 11)

Even with positive market momentum, the 12-month Sales Trendline of Fig. 12.2 kept its negative course from Q4 2024 to Q1 2025.


Q1 2025 Mid-North Beach Luxury Condo Price Trends: Mixed


Q1 2025 Price per Square Foot up 30.4% to peak of $1,405; Median Price down year-over-year


Mid-Beach and North-Beach Quarterly Price per Sq. Ft. 2017-2025 - Fig. 13

Mid-Beach and North-Beach Quarterly Price per Sq. Ft. 2017-2025 - Fig. 13


Consistent with the overall Miami trend of a higher year-over-year Price per Square Foot and decline in Median Price, the luxury condo market in Mid-North Beach reported the following
Key Price Stats for Q1 2025:

  • Q1 2025 vs Q1 2024: Price per Square Foot increased 30.4%, up from $1,077 in Q1 last year to $1,405 in the comparable quarter of 2025. (Fig. 11.1)
  • Q1 2025 vs Q4 2024: Price per Square Foot soared 53% quarter-over-quarter, up from $918 in Q4 2024 to $1,405 this first quarter. (Fig. 11)
  • Q1 2025 vs Q1 2024: Median Sale Price declined 4%, down from $1,875,000 in Q1 of the previous year to $1,800,000 for the same quarter in 2025. (Fig. 11.1)

A closer look at the 9-year snapshot of quarterly luxury condo prices (Fig. 13) reveals that this figure—$1,405/Square Foot—represents an all-time high record in Mid-North Beach, indicating that most deals closed with gains and sellers received exceptional value for their luxury properties in this upscale beach neighborhood.

This difference between Price per Square Foot and Median Sale Price trends likely indicates that a greater number of smaller-sized, amenity-rich condos were sold in Mid-North Beach this quarter compared to larger residences.


Q1 2025 Mid-North Beach Days on Market: Down QoQ & YoY – Fastest-selling in Overall Miami


Mid-Beach and North-Beach Luxury Condo Quarterly Days on Market 2018-2025 – Fig. 14

Mid-Beach and North-Beach Luxury Condo Quarterly Days on Market 2018-2025 – Fig. 14


Days on Market went down 50% year-over-year. Moving in contrast to the overall Miami market trend of an increase in quarter-over-quarter and year-over-year numbers, the combined neighborhood of Mid-North Beach reported the following Days on Market (DOM) statistics:

  • Q1 2025 vs Q1 2024: Luxury condos spent 48 fewer days on the market than in Q1 of the previous year, reporting a remarkable 50% decline in year-over-year stats. (Fig. 14)
  • Q1 2025 vs Q4 2024: Luxury condos spent 6 fewer days on the market compared to Q4 2024, posting an 11.1% decline in quarter-over-quarter DOM.

With luxury condos taking only 48 days to sell, Mid-North Beach emerged as the fastest-selling market in this broader beach segment as well as the overall Miami market, indicating aligned buyer-seller expectations and quick closings.


Q1 2025 Mid-North Beach Luxury Condo Inventory: Down YoY


Mid-Beach and North-Beach Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 15

Mid-Beach and North-Beach Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 15


A balanced market has approximately 9-12 months of inventory. The months of inventory are calculated as the number of active listings plus the number of pending listings divided by the average number of deals in the last 6 months.

Q1 2025 closed with 26 months of inventory. Partly deviating from the overall Miami market trend of flat quarter-over-quarter and higher year-over-year inventory, luxury condos in Mid-North Beach reported the following statistics for Q1 2025:

  • On a quarter-over-quarter basis, inventory was down from 30 months in December 2024 to 26 months in March 2025, posting a 13.3% decline. (Fig. 15)
  • On a year-over-year basis, inventory was up from 24 months in March 2024 to 26 months in March this year, recording an 8.3% increase.
  • At 26 months, inventory ranged above the 9-12-month benchmark of an ideal market, giving buyers the leading edge in negotiations and more choices within their desired price range.


4. Miami Beach Neighborhoods: Surfside & Bal Harbour
(33154)

Q1 2025 Surfside & Bal Harbour Luxury Condo Market Summary - Fig. 16

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

25

-10.7%

$2,850,000

12.9%

$1,357

13.6%

90

Q4 2024

28

$2,525,000

$1,195

143



Q1 2025 Surfside & Bal Harbour Luxury Condo Market Summary - Fig. 16.1

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

25

-10.7%

$2,850,000

-7.3%

$1,357

12.1%

90

Q1 2024

28

$3,075,000

$1,210

67


Q1 2025 Surfside & Bal Harbour Luxury Condo Sales: Down YoY


Sales down 10.7% year-over-year; 12-month sales trendline positive


Surfside & Bal Harbour Quarterly Sales 2015-2025 - Fig. 17.1

Surfside & Bal Harbour Quarterly Sales 2015-2025 - Fig. 17.1


Surfside & Bal Harbour 12-Month Sales with Trendline - Fig. 17.2

Surfside & Bal Harbour 12-Month Sales with Trendline - Fig. 17.2


Moving against the overall market's flat-positive quarter-over-quarter and year-over-year trends this first quarter, Surfside & Bal Harbour reported the following key sales statistics in Q1 2025:

  • Q1 2025 vs Q1 2024: Sales declined 10.7%, down from 28 in Q1 last year to 25 sales in the comparable quarter of 2025. (Fig. 16.1)
  • Q1 2025 vs Q4 2024: Sales also dipped 10.7% quarter-over-quarter, down from 28 in the previous quarter to 25 sales in Q1 2025. (Fig. 16)

The 12-month Sales Trendline of Fig. 17.2 transitioned out of a negative curve in Q4 2024 to a positive trajectory in Q1 2025, suggesting good momentum ahead of peak season in the upcoming quarter.


Q1 2025 Surfside & Bal Harbour Luxury Condo Price Trends: Mixed


Q1 2025 Price per Square Foot up 12.1% to $1,357; Median Price down year-over-year


Surfside & Bal Harbour Quarterly Price per Sq. Ft. 2017-2025 - Fig. 18

Surfside & Bal Harbour Quarterly Price per Sq. Ft. 2017-2025 - Fig. 18


Consistent with the overall Miami trend of an increase in year-over-year Price per Square Foot and decline in Median Price, the luxury condo market in Surfside & Bal Harbour reported the following
Key Price Stats for Q1 2025:

  • Q1 2025 vs Q1 2024: Price per Square Foot increased 12.1%, up from $1,210 in Q1 last year to $1,357 in the same quarter of this year. (Fig. 16.1)
  • Q1 2025 vs Q4 2024: Price per Square Foot increased 13.6% quarter-over-quarter, up from $1,195 in Q4 2024 to $1,357 this first quarter. (Fig. 16)
  • A look at the 9-year snapshot of quarterly luxury condo prices (Fig. 18), shows that prices continued closing in the higher ranges, indicating that sellers received good value for their luxury condos.
  • Q1 2025 vs Q1 2024: Median Sale Price declined 7.3%, down from $3,075,000 in Q1 of the previous year to $2,850,000 in the comparable quarter of 2025. (Fig. 16.1)

This variation in Price per Square Foot and Median Sale Price trends likely shows that a higher volume of amenity-rich, smaller-sized condo sales dominated the quarter in Surfside and Bal Harbour.


Q1 2025 Surfside & Bal Harbour Days on Market: Down QoQ, Up YoY


Surfside & Bal Harbour Quarterly Days on Market 2018-2025 – Fig. 19

Surfside & Bal Harbour Quarterly Days on Market 2018-2025 – Fig. 19


Days on Market went up 35% year-over-year. Partly consistent with the overall Miami market trend of an increase in quarter-over-quarter and year-over-year numbers, luxury condos in Surfside & Bal Harbour reported the following Days on Market (DOM) statistics:

  • Q1 2025 vs Q1 2024: Luxury condos spent 23 more days on the market compared to Q1 last year, reporting a 35% increase in year-over-year stats. (Fig. 19)
  • Q1 2025 vs Q4 2024: Luxury condos spent 53 fewer days on the market compared to Q4 2024, reporting a 37% decline in quarter-over-quarter DOM.

At 90 days, the statistic indicates that some paused listings probably returned to the market in the previous quarter, owing to a positive outlook for 2025. This may have caused a temporary spike in values, and as those listings were sold, numbers normalized.


Q1 2025 Surfside & Bal Harbour Luxury Condo Inventory: Up YoY


Surfside & Bal Harbour Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 20

Surfside & Bal Harbour Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 20


A balanced market has approximately 9-12 months of inventory. The months of inventory are calculated as the number of active listings plus the number of pending listings divided by the average number of deals in the last 6 months.

Q1 2025 closed with 22 months of inventory. Partly consistent with the overall Miami market trend of flat quarter-over-quarter and higher year-over-year inventory, luxury condos in Surfside & Bal Harbour reported the following statistics for Q1 2025:

  • On a quarter-over-quarter basis, inventory was down from 24 months in December 2024 to 22 months in March 2025, posting an 8.3% decrease. (Fig. 20)
  • On a year-over-year basis, inventory was up from 18 months in March 2024 to 22 months in March this year, recording a 22.2% increase.
  • At 22 months, inventory closed above the 9-12-month benchmark of a balanced market, providing buyers more choices within their desired price range along with an upper hand in negotiations.



Looking to buy or sell a condo in Miami Beach, or want to dive deeper into the data behind the trends? Just call us anytime at (786) 655-4576 for expert insights and personalized guidance.



5. Miami Beach Neighborhoods: Sunny Isles Beach
(33160)

 

Q1 2025 Sunny Isles Beach Luxury Condo Market Summary - Fig. 21

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

75

21.0%

$2,450,000

30.3%

$1,279

35.3%

117

Q4 2024

62

 

$1,880,000

 

$945

 

63



Q1 2025 Sunny Isles Beach Luxury Condo Market Summary - Fig. 21.1

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

75

-9.6%

$2,450,000

27.6%

$1,279

34.9%

117

Q1 2024

83

 

$1,920,000

 

$948

 

72


Q1 2025
Sunny Isles Beach Luxury Condo Sales: Down YoY


Sales down 9.6% year-over-year; 12-month sales trendline negative


Sunny Isles Beach Luxury Condo Quarterly Sales 2015-2025 - Fig. 22.1

Sunny Isles Beach Luxury Condo Quarterly Sales 2015-2025 - Fig. 22.1


Sunny Isles Beach Luxury Condo 12-Month Sales with Trendline - Fig. 22.2

Sunny Isles Beach Luxury Condo 12-Month Sales with Trendline - Fig. 22.2


In contrast to the overall market's flat-positive quarter-over-quarter and year-over-year performance, luxury condos in Sunny Isles Beach reported the following key sales statistics this first quarter:

  • Q1 2025 vs Q1 2024: Sales activity declined 9.6%, down from 83 in Q1 of the previous year to 75 sales in the comparable quarter of 2025. (Fig. 21.1)
  • It's worth noting that Sunny Isles Beach has consistently been the top volume contributor to overall sales in Miami Beach since 2022. The trend highlights the intense demand and growing appeal of this oceanfront enclave for branded luxury housing.
  • Q1 2025 vs Q4 2024: Sales jumped 21% quarter-over-quarter, notably up from 62 in the previous quarter to 75 in Q1 2025. (Fig. 21)

Owing to inconsistent momentum, the 12-month Sales Trendline of Fig. 22.2 continued posting a negative trajectory between Q4 2024 and Q1 2025.


Q1 2025
Sunny Isles Beach Luxury Condo Prices: Up YoY – Leads % Gains in Overall Miami


Q1 2025 Price per Square Foot up 34.9% to peak $1,279; Median Price also up year-over-year


Sunny Isles Beach Quarterly Price per Sq. Ft. 2017-2025 - Fig. 23

Sunny Isles Beach Quarterly Price per Sq. Ft. 2017-2025 - Fig. 23


Partly reflecting the overall Miami trend of a higher year-over-year Price per Square Foot and decline in Median Price, the luxury condo market in Sunny Isles Beach reported the following
Key Price Stats for Q1 2025:

  • Q1 2025 vs Q1 2024: Price per Square Foot increased 34.9%, up from $948 in Q1 last year to $1,279 in the same quarter of 2025. (Fig. 21.1)
  • Q1 2025 vs Q4 2024: Price per Square Foot increased 35.3% quarter-over-quarter, up from $945 in Q4 2024 to $1,279 this first quarter. (Fig. 21)
  • Q1 2025 vs Q1 2024: Median Sale Price increased 27.6%, up from $1,920,000 in Q1 of the previous year to $2,450,000 for the same quarter in 2025. (Fig. 21.1)

A closer look at the 9-year snapshot of quarterly luxury condo prices (Fig. 23) reveals that prices closed at a record-high of $1,279/Square Foot, giving sellers top value for their luxury condos in this oceanfront enclave.

Sunny Isles Beach emerged as a market to watch for investors, as it provided sellers the highest percentage gains (35%) in year-over-year Price per Square Foot of all the Miami neighborhoods under review in our Q1 2025 analysis.

Sunny Isles Beach still offered the most affordable entry point into Miami Beach's luxury condo market, recording the lowest price per square foot of all the beach neighborhoods in this quarterly review. However, with branded projects such as the St. Regis Residences and Bentley Residences on the way, the price situation can likely upturn once these iconic projects develop over the next few years.


Q1 2025
Sunny Isles Beach Luxury Condo Days on Market: Up QoQ & YoY


Sunny Isles Beach Quarterly Days on Market 2018-2025 – Fig. 24

Sunny Isles Beach Quarterly Days on Market 2018-2025 – Fig. 24


Days on Market went up 62.5% year-over-year. Aligned with the overall Miami market trend of higher quarter-over-quarter and year-over-year numbers, luxury condos in Sunny Isles Beach reported the following Days on Market (DOM) statistics:

  • Q1 2025 vs Q1 2024: Luxury condos spent 45 more days on the market compared to Q1 last year, reporting a 62.5% increase in year-over-year stats. (Fig. 24)
  • Q1 2025 vs Q4 2024: Luxury condos spent 54 more days on the market compared to Q4 2024, reporting an 85.7% increase in quarter-over-quarter DOM.
  • At 117 days, the statistic suggests a potential disconnect between buyer-seller expectations, as sales took longer to close in this oceanfront corridor for branded luxury living.


Q1 2025
Sunny Isles Beach Luxury Condo Inventory: Up YoY


Sunny Isles Beach Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 25

Sunny Isles Beach Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 25


A balanced market has approximately 9-12 months of inventory. The months of inventory are calculated as the number of active listings plus the number of pending listings divided by the average number of deals in the last 6 months.

Q1 2025 closed with 24 months of inventory. Partly reflecting the overall Miami market trend of flat quarter-over-quarter and higher year-over-year inventory, luxury condos in Sunny Isles Beach reported the following statistics for Q1 2025:

  • On a quarter-over-quarter basis, inventory was down from 27 months in December 2024 to 24 months in March 2025, recording an 11.1% decline. (Fig. 25)
  • On a year-over-year basis, inventory was up from 20 months in March 2024 to 24 months in March this year, posting a 20% increase.
  • At 24 months, inventory closed above the ideal 9-12-month range, providing more choices and negotiating power to potential buyers.


6. Miami Beach Neighborhoods: Fisher Island
(33109)

Q1 2025 Fisher Island Luxury Condo Market Summary - Fig. 26

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

3

-62.5%

$5,500,000

-22.3%

$2,004

-21.5%

90

Q4 2024

8

$7,082,500

$2,552

180

 

Q1 2025 Fisher Island Luxury Condo Market Summary - Fig. 26.1

Quarter

Closed Sales

% Change in Sales

Median Sale Price

% Change in Median Sale Price

Median Price/Sq. Ft.

% Change in Median Price/Sq. Ft.

Median DOM

Q1 2025

3

-57.1%

$5,500,000

-9.8%

$2,004

9.0%

90

Q1 2024

7

$6,100,000

$1,839

106


Q1 2025
Fisher Island Luxury Condo Sales: Down YoY


Sales down 57.1% year-over-year; 12-month sales trendline negative


Fisher Island Luxury Condo Quarterly Sales 2015-2025 - Fig. 27.1

Fisher Island Luxury Condo Quarterly Sales 2015-2025 - Fig. 27.1


Fisher Island Luxury Condo 12-Month Sales with Trendline - Fig. 27.2

Fisher Island Luxury Condo 12-Month Sales with Trendline - Fig. 27.2


Moving against the overall market's flat-positive quarter-over-quarter and year-over-year trends, luxury condos in Fisher Island reported the following key sales statistics this first quarter:

  • Q1 2025 vs Q1 2024: Sales dipped 57.1%, down from 7 in Q1 of the previous year to 3 sales in the first quarter of 2025. (Fig. 26.1)
  • Q1 2025 vs Q4 2024: Sales dropped 62.5% quarter-over-quarter, notably down from 8 in the previous quarter to 3 in Q1 2025. (Fig. 26)

Owing to below-average momentum, the 12-month Sales Trendline of Fig. 27.2 downshifted from a positive trajectory in Q4 2024 into a negative curve in Q1 2025.


Q1 2025
Fisher Island Luxury Condo Price Trends: Mixed – Most Expensive in Overall Miami


Q1 2025 Price per Square Foot up 9% to $2,004; Median Price down year-over-year


Fisher Island Quarterly Price per Sq. Ft. 2017-2025 - Fig. 28

Fisher Island Quarterly Price per Sq. Ft. 2017-2025 - Fig. 28


Aligned with the overall Miami trend of a higher year-over-year Price per Square Foot and decline in Median Price, the luxury condo market in Fisher Island reported the following
Key Price Stats for Q1 2025:

  • Q1 2025 vs Q1 2024: Price per Square Foot increased 9%, up from $1,839 in Q1 of the previous year to $2,004 in the comparable quarter of this year. (Fig. 26.1)
  • Q1 2025 vs Q4 2024: Price per Square Foot declined 21.5% quarter-over-quarter, down from $2,552 in Q4 2024 to $2,004 this first quarter. (Fig. 26)
  • Q1 2025 vs Q1 2024: Median Sale Price declined 9.8%, down from $6,100,000 in Q1 last year to $5,500,000 for the same quarter in 2025. (Fig. 26.1)

A closer look at the 9-year snapshot of quarterly luxury condo prices (Fig. 28) shows that prices continued closing in the higher ranges in this premium island community, indicating that sellers continued receiving good value for their luxury properties.

Fisher Island held its title as the most expensive zip code for luxury condos in Miami, consistently reporting the highest price per square foot and median sale price of all the Miami neighborhoods in our quarterly watch.

This deviation between Price per Square Foot and Median Sale Price trends suggests that a greater number of smaller-sized condos with white-glove amenities sold in Fisher Island compared to traditionally larger residences.


Q1 2025
Fisher Island Luxury Condo Days on Market: Down QoQ & YoY

Fisher Island Quarterly Days on Market 2018-2025 – Fig. 29

Fisher Island Quarterly Days on Market 2018-2025 – Fig. 29


Days on Market went down 15% year-over-year.
Moving against the overall Miami market trend of an increase in quarter-over-quarter and year-over-year values, Fisher Island reported the following Days on Market (DOM) statistics:

  • Q1 2025 vs Q1 2024: Luxury condos spent 16 fewer days on the market compared to Q1 last year, reporting a 15% decrease in year-over-year stats. (Fig. 29)
  • Q1 2025 vs Q4 2024: Luxury condos stayed 90 fewer days on the market compared to Q4 2024, reporting a 50% dip in quarter-over-quarter DOM.
  • At 90 days, the statistic reveals positive buyer-seller interaction in this island neighborhood as values remain within a healthy range.


Q1 2025
Fisher Island Luxury Condo Inventory: Up YoY

Fisher Island Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 30

Fisher Island Months of Inventory from Mar. 2019 to Mar. 2025 - Fig. 30


A balanced market has approximately 9-12 months of inventory. The months of inventory are calculated as the number of active listings plus the number of pending listings divided by the average number of deals in the last 6 months.

Q1 2025 closed with 25 months of inventory. Partly reflecting the overall Miami market trend of flat quarter-over-quarter and higher year-over-year inventory, luxury condos in Fisher Island reported the following statistics for Q1 2025:

  • On a quarter-over-quarter basis, inventory was up from 16 months in December 2024 to 25 months in March 2025, posting a 56.3% increase. (Fig. 30)
  • On a year-over-year basis, inventory was up from 22 months in March 2024 to 25 months in March this year, reporting a 13.6% increase.
  • At 25 months, inventory far exceeded the ideal 9-12-month range, confirming a buyer's market that offers purchasers the benefit of choices and better negotiation power.



Looking to sell your luxury home in Fisher Island? Call, chat, or email for a complimentary market evaluation and discover how to maximize the value of your investment



7. Q1 2025 Miami Beach Luxury Condo Market Conclusion


Miami Beach's luxury condo market outpaced the Greater Downtown Miami segment with positive year-over-year sales this first quarter, recording a 2.4% increase vs. a 2.1% decline. Paired with the fact that most Miami neighborhoods led key quarterly trends in Q1 2025, this suggests a resurgence for the beachside area, reaffirming the timeless appeal of its coastal lifestyle and premium addresses.

The 12-month sales trendline in Miami Beach remained negative across the board, except in the combined neighborhood of Surfside and Bal Harbour. This, coupled with our on-ground observations as market experts, leads us to expect a softer peak season in Q2 this year, as the luxury condo market continues to navigate broader macroeconomic headwinds.

South Beach emerged as the neighborhood of choice for luxury condo buyers in Q1 2025, reporting the highest percentage sales growth (35%) compared to all other neighborhoods in this quarterly review.

In our quarterly price watch, most Miami Beach neighborhoods reported an increase in year-over-year Price per Square Foot, in line with the overall Miami trend. However, considering the latest administrative policies, higher mortgage rates, rising association costs, and a tightening buyer's market, we expect to see some price pressure moving forward.

Although Fisher Island remained the undisputed winner with the highest recorded price per square foot and sales prices in overall Miami, a more in-depth analysis revealed that properties in Sunny Isles Beach offered sellers the highest percentage gains (35%) in year-over-year price per square foot.

Mid-North Beach (combined) emerged as the fastest-selling market in overall Miami, with luxury condos selling in an average of 1.5 months (48 days). A majority of the neighborhoods in our quarterly watch reported a decline in year-over-year Days on Market, bucking the overall Miami trend.

In terms of inventory, all Miami Beach neighborhoods reported an increase in year-over-year numbers, following and fueling the overall market trend. In Q1 2025, South Beach reported the lowest levels of inventory in Miami Beach at 21 months, while Mid-North Beach posted the highest levels at 26 months.

Overall, as inventory closed above the 9–12-month range of an ideal market, this beachside grouping reported a buyer's market. With a steady influx of new construction luxury condos expected to enter the market over the next few quarters, along with the current market sentiment, we expect Miami's real estate market to continue carrying a surplus, keeping it largely buyer-friendly.

As market experts with a close watch on evolving trends, we anticipate that the following factors will influence Miami's luxury condo market as we approach peak season:

  • With Knight Frank's Annual Wealth Report consistently recognizing Miami as a market leader—this time as one of the top ten global real estate markets poised for five-year growth—we expect to remain in the international spotlight for those looking for luxury homes that compare to those in Monaco, London, and New York, but offer exceptional value per square foot.
  • With our unique combination of stunning outdoors, diverse culture, and pocket-friendly tax policies, along with a rapidly growing population of millionaires that has increased by 94% between 2014 and 2024, we anticipate attracting even more high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs).
  • On the downside, we anticipate several challenges in the market, such as rising insurance costs, increasing association fees, changing administrative policies, and evolving immigration laws to keep some buyers on the sidelines—particularly affecting the under-$5 million and investor-focused market.

Q1 2025 Trends Overview

Overall Miami

Miami Beach

South Beach

Mid-North Beach 

Surfside & Bal Harbour

Sunny Isles Beach

Fisher Island

Sales

Flat-positive

Flat

Up

Up

Down

Down

Down

Trendline

Negative

Negative

Negative

Negative

Positive

Negative

Negative

Price per Sq. Ft

Up

Up

Down

Up

Up

Up

Up

Days on Market

Up

Flat

Down

Down

Up

Up

Down

Inventory

Up

Up

Up

Up

Up

Up

Up


Enjoying the insights? Share this blog with fellow market watchers and subscribe (via the top menu) to get the latest Miami real estate trends delivered to your inbox. For even more updates, follow us on Instagram @condoblackbook. 

Have questions about the data or are thinking about buying or selling in Miami Beach? Reach out to Sep at sniakan@hbroswell.com or call 305-725-0566—we're here to help you every step of the way.

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Miami Neighborhood Comparison: Key Biscayne vs Brickell

Real Estate News

Neighborhood Comparisons

Brickell

Key Biscayne

Miami Neighborhood Comparison: Key Biscayne vs Brickell

One of the key advantages of living in Miami is its wide variety of neighborhoods to choose from. From luxury towers overlooking secluded beaches to modern skyscrapers in the heart of the urban jungle, there’s a place for every need and desire. Two Miami neighborhoods that best exemplify both ends of this spectrum are Key Biscayne and Brickell. Not only do they differ in the housing options and price points they have available, but their particular dynamics also offer vastly different lifestyles, perks, and sceneries. And yet they are very close to each other. In this blog, we'll compare both locales in several categories so you can make an informed decision when choosing to buy or rent a property if you’re considering Key Biscayne vs Brickell.

An August to ‘Spice’ Up Life with Food, Wine and Rum!

Lifestyle

Events

An August to ‘Spice’ Up Life with Food, Wine and Rum!

August is one special month in Miami when it comes to indulgences. We have the Spa and Spice months that coincide, which means you can nosh on a fancy three-course meal and try out that chakra balancing treatment you’ve been eyeing, all at the price of a single night out on the town. There’s also a drum festival, a rum festival, ballet and Rolling Stones concert to keep things chill through these sultry summer days. Read on for details: ## Miami Spa Months: July 1 - August 31 _Various venues across Miami_ If you missed your chance last month, here’s one whole month to catch up on your wellness. Miami Spa Month continues into August with a variety of deals and discounts on the highest standards of spa therapy, starting at as low as $109\. Check out the various treatments and packages offered by Miami’s best health clubs, hotel spas, day spas and med spas here. ## Miami Spice Months: August 1 - September 30 _Various venues across Miami_ The most delicious months on the Miami Temptations calendar are back again! Pull out your fork and knife to savor the best culinary delights in the city, five-star to local hits, all at highly discounted prices. The top eateries and chefs in Miami will be showcasing their top talent with three course meals and prix-fixed menus. For two whole months, you get to nosh on signature dishes priced at $23 for lunch/brunch and $39 for dinner. So, don’t waste a minute more waiting and check out the list of participating restaurants here. ## African Diaspora Dance and Drum Festival of Florida: August 2-4 _212 NE 59th Terrace, Little Haiti Cultural Center, Little Haiti_ The first weekend of August brings another colorful festival to Miami. This cultural event features dance workshops, live performances, yoga, a better living health fair and symposium, a bazaar, free children’s village zone and much more. In its 10th year, the festival brings together renowned native artists from Guinea, Senegal, Mali, Ivory Coast, Haiti and Cuba. These artists will be performing to the tune of “Seeds of the Diaspora”, which is also the theme of the year. ## National Rum Day Festival: August 16 _4041 Collins Avenue, The Confidante Miami Beach, Mid-Beach_ Cool down with your favorite rum, poolside, at The Confidante Miami Beach hotel. This heady festival brings you complimentary tastings and the chance to mingle with the best mixologists, as you try out the best of local and global rum brands. There will also be lots of games and live music for a fun-filled evening. ## Chefs Up Front: August 16 _1200 Anastasia Avenue, The Biltmore, Coral Gables_ Not a rum fan? Then dine for a cause at the Chefs Up Front fundraiser. This culinary event includes an elaborate table-side meal prepared by the most sought-after chefs and served with an expertly paired wine selection for each course. With tickets costing $250, all of the proceeds of the event and silent auction will go to benefit the Florida Cooking Matters program, which is a part of the Share Our Strength’s No Kid Hungry campaign. ## Coconut Grove Food and Wine Festival: August 17 _2985 S. Bayshore Drive, Coconut Grove_ We recommend working up an appetite for this progressive food festival, with tickets starting at $25\. Begin your stroll with tastings and demos at the Coconut Grove Woman’s Club. Then, carry on through the Mutiny Hotel’s pool area for a taste of some of the finest spirits. This delicious festival brings forth dishes from Coconut Grove’s newest restaurants and famous chefs along with access to rum bars, craft beer stations and fine wine samplings. Featuring full family entertainment, the fest will also have a Kid’s Zone, Waiter’s Race, Cuban Sandwich Smackdown Contest, Doggies Bark in the Park Contest and live music. ## Florida Track Days: August 18 _1 Speedway Blvd, Homestead Miami Speedway, Homestead_ Every biker’s dream, this is your chance to push your bike to its fullest protentional in a safe and supervised environment. Taste new speed levels and try out new skills without any speed limits or stop signs at this world-class facility. Book your spot in advance for some private lessons. Or, join the advanced rider classes, where expert instructors train you to explore your full potential under the supervision of a competent safety crew. ## International Ballet Festival of Miami: July 27 - August 18 _Various venues across Miami_ Enjoy an array of graceful evenings courtesy this fine festival. You will find the greatest stars from ballet companies from across the globe performing at this three week-long festival. Celebrating the past, present and future of ballet, come to witness local talent to visiting stars performing in modern, contemporary and classic styles. Click here for the full schedule and tickets. ## Rolling Stones Concert: August 31 _347 Don Shula Drive, Hard Rock Stadium, Miami Gardens_ This one is for the young at heart and those with a classic soul. The greatest rock bands of all time will be visiting the Hard Rock Stadium for one of its most explosive events. Grab your seats here to catch this legendary band in all its glory, as it closes out its summer tour. So, where would you like to be seen this August? Let us know in the comments below!

Coconut Grove vs Brickell: Which Miami Neighborhood is Better?

Real Estate News

Neighborhood Comparisons

Brickell

Coconut Grove

Coconut Grove vs Brickell: Which Miami Neighborhood is Better?

Miami is a city of contrasts. On one hand, you have thriving urban centers bustling with life and energy 24/7, and on the other, you have village-like neighborhoods where time stretches and life rolls by without a care in the world. And often they are just mere miles away from each other. It’s one of the main reasons the area attracts such a wide variety of people! There is truly something for everyone here. Two of the areas that best embody this dichotomy are Brickell and Coconut Grove. Despite both being immensely popular and sitting right next to each other, their characters couldn’t be more different. Together, they represent one of Miami’s oldest neighborhoods and one of Miami’s newest and fastest-growing neighborhoods. And both are undergoing spectacular renaissances. So if you’re wondering which one of these two world-class destinations would be best to buy a property in or call home, you’re in luck because in this blog, we’ll compare both locales in several categories to help you make your best decision when choosing between Coconut Grove vs Brickell. ## The Lifestyle Established in 1825, Coconut Grove is one of Miami’s oldest and most beloved neighborhoods. Oozing with historic charm and lush tropical foliage, it's known for its quaint Caribbean flavor, bohemian vibe, verdant nature, and laid-back coastal lifestyle right on Biscayne Bay. Throughout history, Coconut Grove has attracted families, creative types, and sailing enthusiasts alike, looking for a relaxed daily rhythm, community and privacy in a more secluded setting but close to everything. Its small streets offer cool shade thanks to a canopy of tropical trees, including grand poincianas and banyans, while its unique inhabitants include exotic bird species such as peacocks – yes, peacocks! – and renegade parrots that have managed to escape the pet trade and found a home in the treetops. In contrast, Brickell is a growing and bustling metropolitan area, commonly dubbed the “Manhattan of the South.” It’s the largest financial center in the U.S. south of New York, and it’s characterized by high-rise luxury condos, luxury corporate offices, and vibrant dining, shopping, and nightlife. In all, Brickell’s fast-paced lifestyle is ideal for professionals, executives and world travelers who want to have walkable access to it all, including where they work. If you’d like to see for yourself how both of these neighborhoods compare to one another, check out our exclusive video on everything Coconut Grove vs. Brickell. ## Getting Around Both neighborhoods score high on walkability and transportation. Coconut Grove’s village feel makes it naturally walkable with many great parks, outdoor eateries and boutiques within a short distance. Bicycles are also a common form of transportation, and you can always take the free Coconut Grove Trolley to move within the neighborhood limits. ###### Miami Trolley To get to other areas of Miami, you would normally take your car, with the Grove connecting directly to main roads leading to Brickell (10-20 minutes), Coral Gables (15 minutes), US-1 and I-95\. Alternatively, there’s also the option to take the Metrorail, Metromover, and several bus lines. But as with most of Miami, you’ll want your car. ###### Miami Metromover Being a busier and denser area, Brickell takes walkability to another level with cafes, restaurants, convenience stores, banks, and offices on almost every block. It also has more transportation options, including the free Brickell trolley, the Metromover, which can take you to Wynwood, Coconut Grove, and Downtown Miami, bus lines, and the Metrorail. While you don’t need a car to live in Brickell, many residents do. And if you plan to drive, plan to expect heavy traffic during peak rush hours, plus congestion throughout most of the day – it comes with the territory of living in Miami's financial district. ## The Work-Life Flow While Coconut Grove is mostly a residential neighborhood, it includes a mix of professional services offices, important architecture firms, and other creative industry locales contributing to its vibrant, small and medium business environment. New boutique office buildings have been emerging alongside retail and dining, attracting tenants in tech, finance, real estate development and creative sectors. Also, thanks to its proximity to the University of Miami, the Grove attracts both students and faculty, giving the area a college-town feel, with a creative, intellectual vibe that mixes well with its charming eateries, wellness spots, and boutiques. Brickell, on the other hand, lives up to the image of a true modern metropolis. Gleaming high rises line the streets, while pedestrians wait to cross the streets to get to their next lunch meeting. It’s a buzzing international corporate mecca now evolving into Miami's tech hub, with startups, VC firms, and AI labs filling the office space available. While Coconut Grove is all about finding nirvana amid the natural splendor of the South Florida coast, when you compare Brickell vs Coconut Grove, you get a stark contrast. Brickell provides a tropical-chic urban setting where you can rub shoulders with some of the world’s most important players in the international corporate scene, all waterfront, while Coconut Grove offers you nature’s counterbalance. And this is why so many people who work in Brickell also choose to live in Coconut Grove. Brickell is winning you over? Discover top luxury Brickell condos for sale and rent. ## Outdoor Living & Waterfronts Coconut Grove cannot be beaten as far as access to nature goes, as the entire neighborhood is one lush tropical wonderland. Streets serve as walking trails, and there are expansive areas such as Kennedy Park and Peacock Park, where you can play volleyball or kickball, and your furry friends can run leash-free. With Biscayne Bay as its backdrop, the Grove is also a great place to play on the water and enjoy sailing, kayaking, or stand-up paddleboarding, with many marinas available, of which the most notable is the Dinner Key Marina – Miami’s largest! And the breathtaking and historic Vizcaya Museum and Gardens, with its spectacular gardens and natural mangrove forest and excellent cultural programming is a gem of Miami destinations that Coconut Grove gets to call home. Coconut Grove’s charm is working on you? Explore the Grove’s luxury condos for sale and rent. Despite its urban density, Brickell provides plenty of smaller outdoor options with green spaces as well, such as Brickell Park, Brickell Key Park, Alice C. Wainwright Park, and Miami Circle Park, where you can enjoy walking along shady trails, and pups can enjoy off-leash areas. And while the neighborhood is waterfront, it lacks beaches, marinas, or public boating facilities. For this, you’d have to drive 10 minutes to Coconut Grove. ## Arts & Culture Thirty years ago, Coconut Grove was Miami’s first art district before any other existed, and the area still celebrates the arts with a host of fairs and quirky cultural festivals such as: * the King Mango Strut * Goombay Festival * the Coconut Grove Arts Festival. The neighborhood is also home to many small art galleries and artists’ studios, as well as hosting Pinta Miami, a key Art Week highlight. Moreover, it has unique sites where culture, history, and nature converge, such as: * the aforementioned Vizcaya Museum and Gardens * The Kampong National Tropical Botanical Garden * Barnacle Historic State Park. While Brickell is best known for its lively happy hours, Michelin-rated Miami dining, and nightlife venues more than for cultural events, public art installations along the Baywalk and pop-ups during Miami Art Week contribute to its cultural flair. Also, you can easily get to the nearby Downtown Arts District and enjoy the many cultural offerings there, such as: * the Kaseya Center * the Adrienne Arsht Center * Ziff Opera House * the Pérez Art Museum Miami (PAMM). Both neighborhoods also have very good movie theaters. ## The Shopping Edit Coconut Grove offers a charming mix of indie boutiques and lifestyle shops along the streets of the neighborhood’s center, anchored by the CocoWalk, an open-air shopping hub with food and entertainment options that include clothing brands, restaurants, gift shops, bars, and a movie theater. For a luxury shopping experience, you can drive 10 minutes to the Shops at Merrick Park in neighboring Coral Gables, or head to Brickell. For groceries and daily essentials, residents rely on nearby premium markets like The Fresh Market, Milams, Aldi, or specialty spots on Grand Avenue (organic produce, artisanal goods), as well as the Coconut Grove Farmer’s Market. A 10-minute drive will also take you to the Trader Joe's in Coral Gables. In Brickell, you’ll have a huge array of shopping options along Brickell Avenue, with the crown jewel being the multi-storied, luxury shopping destination at Brickell City Centre. Here, you’ll find a Saks Fifth Avenue, as well as other noteworthy brands like Zara, Apple, Anthropologie, and contemporary favorites for fashion, beauty, jewelry, and home goods, plus entertainment like a cinema and a mini golf. For the day-to-day, there’s a Publix near Brickell City Centre, a Whole Foods just over the bridge in Downtown Miami, as well as multiple pharmacies and specialty spots for organic produce and artisanal goods. Plus you’re 10-minutes from Coconut Grove’s Fresh Market. See what we are getting at here? ## Signature Flavors Coconut Grove is home to some of Miami’s most delightful outdoor cafés, world-class restaurants, as well as sports bars and even old-school dives where you can get your bohemian groove on. The Grove’s dining options range from vegan to burgers and seafood options, street food, and international fare from all corners of the world. Some of the most notable options include: * Ariete is the Michelin-starred option experimenting with new American cuisine. * Bombay Darbar thrills with the flavors of India. * Sapore di Mare, a classic offering Italian fare with a nautical twist. * Chug’s Diner takes the diner concept to another level with Cuban flavors and its chic aesthetic. * Midorie is a simple-looking Japanese restaurant that lets the flavors speak for themselves. * Los Félix, another Michelin-starred restaurant that elevates the Mexican experience. * Lokal is a casual joint offering the good old American burger, but with locally sourced ingredients. * Bellini is perched atop the Mr. C hotel, offering great views and even better Italian food from the Cipriani family. * Le Bouchon du Grove is your French corner in Coconut Grove. Brickell's dining scene reflects its cosmopolitan energy. From Michelin-starred experiences to power lunch spots and late-night lounges, the neighborhood caters to professionals, foodies, and those seeking Miami's most elevated culinary moments. Some of the area’s best restaurants include: * Elcielo is a Michelin-starred restaurant where chef Juan Manuel Barrientos reimagines Colombian tradition through dramatic, sensory tasting menus. * Cipriani, credited with inventing both the carpaccio and the Bellini, brings the iconic Italian brand to Brickell with refined dishes, nautical elegance, and panoramic views of Biscayne Bay. * The River Oyster Bar is a beloved seafood bistro where locals have both their romantic and business rendezvous over some of the freshest oysters in town. * The Henry offers a wide range of foods, from avocado toasts to braised ribs, ideal for a large group or if you’re undecided on what to eat. * Claudie channels the sun-drenched charm of the Côte d'Azur with elevated Mediterranean dishes. * Dirty French brings bold prime-aged steaks, extravagant seafood towers, and a decadent martini lounge to a neon-glam, Paris-meets-Miami setting in Brickell. * Casa Tua Cucina is a high-end Italian eatery and market with ten individual food stations offering gourmet ingredients, a hundred labels of wine, and a soulful approach to gastronomy. * B Bistro + Bakery is where locals head to satiate their sweet tooth and comfort food cravings, serving croque madames, creative pastries, tuna avo toast, and pastelito pancakes. ## Schools: Coconut Grove vs Brickell ###### Ransom Everglades School Being a well-established residential neighborhood, Coconut Grove wins in terms of the best schools, and not just over Brickell. Coconut Grove is home to some of Miami’s finest private schools and public ones, too. These include the highly-ranked private Ransom Everglades School, as well as the parochial Carrollton School of the Sacred Heart with its beautiful Mediterranean-style campus. Other private schools in the area include Saint Hugh, Saint Stephen’s Episcopal, Coconut Grove Montessori, the Vanguard School, and LaSalle High School. Public schools include Coconut Grove Elementary, Frances S. Tucker Elementary, and George W. Carver Elementary and Middle Schools. Of course, Brickell also has several notable schools. Public schools that serve the Brickell area include Coral Way K–8 Center, Southside Elementary School, Ponce de Leon Middle School, and Miami Senior High School, as well as the Robert Morgan Vocational Tech Institute and the highly ranked MAST Academy, located in nearby Key Biscayne. Nearby private schools include Open Hearts Language Academy (OHLA), Key Point Academy, and Brickell International Academy. Our clients often reach out to us for the overview of the best private schools in Miami during their search for the new condo home, and you’ll find some excellent Coconut Grove and Brickell recommendations on our list. ## Architecture & Design The architecture in Coconut Grove is an eclectic blend of new high-rise condos, older boutique condos, Bahamian cottages and Old Florida bungalows, mid-century single-family homes, as well as opulent Bayside mansions nestled in gated communities, and even some historic structures. This variety is part of the Grove's appeal! For those who seek modern condo living, some of the most luxurious building options in Coconut Grove include: * The newly completed Vita at Grove Isle * Grove at Grand Bay * Grovenor House * Mr. C Bayshore & Tigertail Residences * Two Park Grove * One Park Grove And the up-and-coming Four Seasons Private Residences Coconut Grove, which is currently under construction with a 2028 completion date. We are extremely excited to see this boutique luxury Coconut Grove condo come to life, and detail its progress in our exclusive video. For new boutique offerings, Ziggurat is a rare find: an exclusive collection of only 19 luxury homes conceived to provide a private oasis within the Grove. Brickell on the other hand offers a completely different landscape. While South Brickell contains older low and mid-rise buildings plus a handful of mansions and Spanish-style homes from the Mary Brickell era, the bulk of the neighborhood consists of soaring skyscrapers—particularly new, modern high-rises packed with resort-like amenities. Watch our Guide to Living in Brickell video for a true local expert’s view. Some of the most luxurious existing buildings you’ll find in Brickell include: * Santa Maria * Jade Brickell * Brickell Flatiron * Echo Brickell * The Four Seasons Residences Brickell However, Brickell is quickly becoming the world’s destination for ultra-luxury condo living with more than two dozen new construction developments on the way, from supertalls to boutique offerings. In our expert opinion, some of the best Brickell pre construction include: * 888 Brickell by Dolce & Gabbana * The Residences at the Mandarin Oriental, Miami on Brickell Key * St. Regis Residences Miami (in South Brickell) * The Residences at 1428 Brickell * Cipriani Residences * Baccarat Residences * Mercedes-Benz Places * Nobu Residences Miami Watch our exclusive 888 Brickell video interview revealing all the amazing details. ## Prices & Perspective Coconut Grove has a wider range of single-family and duplex housing options, ranging from affordable to extremely affluent, with an emphasis on the higher end of the spectrum. Average listings range around $1,959,878 or about $938 per square foot, but listings can run as high as $22,500,000 or $4,080 per square foot. Brickell’s options lean more heavily toward condo units, which appeal to international investors, young urbanites, young families and C-suite executives seeking stunning Brickell penthouses. Average listings hover at about $484,915, or $357 per square foot, but can run as high as $33,000,000 or $7,119 per square foot. ## Which Neighborhood is Better? Coconut Grove or Brickell? This really depends on what type of person you are and the lifestyle that you seek, since these two neighborhoods are very different from one another, and each offers unique pros and cons. Whether you're debating living in Coconut Grove or Brickell, understanding what each neighborhood offers is key to making the right choice. If you’re more of a nature lover, seeking spacious, family-friendly housing in an exclusive tropical village setting with plenty of access to nature, and close to everything including top schools, Coconut Grove is sure to steal your heart. But if you thrive in an urban core, love being walking distance from work, or are an executive who can’t resist the fast-paced energy of the city, you’ll probably feel more at home at Brickell. If you’re interested in seeing how other neighborhoods compare to one another, for example, Coconut Grove vs Coral Gables or other locations, explore the rest of our Miami Neighborhood Comparisons. Whatever your decision, we’ll be happy to share our 20+ years of experience in Miami’s luxury condo market, as well as our homegrown insights into the advantages of each location. Just give us a call or email, and let us help you sort through the many available listings in Coconut Grove vs Brickell, to help you pick the perfect location for you.

December 2025: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update

Preconstruction

December 2025: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update

South Florida’s pre-construction market finished the year strong, with developers advancing luxury condo developments across the pipeline—from announcing new projects to nailing construction milestones. Palm Beach’s new construction market is definitely heating up as well. This December, Lionbright Development launched sales for the highly exclusive 123 Ocean in Palm Beach Shores. Related Ross’ Shorecrest secured approval for its scaled-back waterfront vision. Olara in West Palm Beach began rising vertically. And, new proposals came to light, carrying momentum into the new year. Read on to find out which Fort Lauderdale project resubmitted plans to add a hotel component, along with other updates in our December 2025 pre-construction condo market news round-up for Fort Lauderdale and Palm Beach. --- ## — December 2025 – Fort Lauderdale & Palm Beach Condo Pre-Construction Market at a Glance ### Sales Launched * 123 Ocean – Palm Beach Shores ### Approved * Shorecrest – West Palm Beach ### Planned/Proposed * Sereno Fort Lauderdale – Fort Lauderdale * Condos at Pomp by Lennar-Affiliate – Pompano Beach * One on One Harbor Beach (also Harbor Drive Residences) – Fort Lauderdale ### Construction Updates * Olara – West Palm Beach ### Other Updates * Sage Intracoastal Residences – Fort Lauderdale ### Watchlist * One Boca by Terra & Frisbie Group – Boca Raton * Kadima Developers Acquires Casino-Adjacent Lot – Hallandale Beach --- ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Sales Launched ### 123 Ocean – Palm Beach Shores **Groundbreaking: 2026 | Completion: Late 2027** Lionbright Development launched sales for the boutique 123 Ocean in December. Designed by Arquitectonica, the six-story building will rise with only 27 luxury residences. Perched at 123 Ocean Avenue, you will be next door to the Palm Beach Shores Community Center and enjoy direct beach access via private walkways. Each home will feature refined interiors by Asthetique, layered with vintage-inspired textures that reflect Palm Beach’s unique character. Expect direct elevator entry, a choice of two distinctive chef’s kitchen designs, Bosch appliances, white oak and soft brass accents, expansive balconies, and cinematic ocean views at every turn. Units will range from 1,581 to 3,100 square feet. Highlight amenities include a pool and sun deck, a wellness suite with ice bath and infrared sauna, a fitness studio, a residents’ lounge, a media room, a children’s play space, and landscape architecture by Naturalficial. _Prices start at $1.7 million, with a choice of one- to three-bedroom residences. Reach out to secure your residence early in this intimate building, offering a villa-in-the-sky sensibility in one of Palm Beach Shores’ premier beachfront neighborhoods._ ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Approved ### Shorecrest – West Palm Beach **Groundbreaking: Early 2026 | Completion: Summer 2028** With approval from the West Palm Beach Planning Board, Related Ross can now move forward with plans for its 306-foot waterfront condo at 1901 North Flagler Drive. The project has been approved with a lower density than its previously proposed 199 units. The 2-acre site is currently home to Temple Israel, which will be relocated and its structure demolished to make way for the new development. Designed by Connecticut-based Roger Ferris + Partners, the 27-story Shorecrest will rise with a distinct curvilinear form, accentuated by a reflective glass facade. Units will feature larger-than-average layouts, with most showcasing stunning views of the Intracoastal Waterway. All 100 residences will feature interiors by New York’s Rottet Studio, complete with custom White Oak European millwork, freestanding soaking tubs in the primary baths, white oak wood-plank flooring, and a home automation system. Highlight amenities at the Shorecrest West Palm Beach will include a rooftop deck featuring a 75-foot pool and lounge areas, spa facilities, a fitness center, a cocktail lounge, a private dining room, a game lounge, a golf simulator, and a coworking lounge. The LEED Gold-compliant tower will also feature a five-story podium with 204 parking spaces, offering more than two spots per unit. _Prices started at $1 million, with a choice of two- and three-bedroom residences._ ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Planned/Proposed ### Sereno Fort Lauderdale – Fort Lauderdale **Groundbreaking: N/A | Completion: 2028** Developer partners Integra Investments and Flying Point submitted revised plans to the city’s Development Review Committee for Sereno Fort Lauderdale in December. Under the updated proposal, the duo seeks to increase the number of condo units from 76 to 88, along with the addition of 113 hotel rooms. The project will also feature 1,800 square feet of commercial space and 200 parking spaces. Designed by FSMY Architects + Planners, the condo-hotel will rise 14 stories with a separate four-story parking structure. Interiors will be led by UK-based 1508 London. Each home will feature Italian kitchens outfitted with branded appliances and glass balconies affording panoramic views of the ocean, intracoastal, Hugh Taylor Birch State Park, and the Bonnet House Museum & Gardens. Two rooftop amenity decks anchor the project, providing separate spaces for residents and hotel guests to unwind. Units will range from 372 to 1,252 square feet, with dedicated entrances for the condo and hotel portions. Launch prices started at $1.4 million, with a choice of studios to three-bedroom residences. Call, chat, or email us for updated prices and floor plans and secure your spot early in this exceptional condo-hotel. ### Condos at Pomp by Lennar-Affiliate – Pompano Beach Acting via an affiliate land bank, Lennar Corp. acquired 20 acres around 777 Isle of Capri Circle for $50 million this December. The development site is part of The Pomp mixed-use project, where Harrah’s Pompano Beach Casino is already open. As per plans filed back in 2024, Lennar proposed building 344 condos and 82 townhomes on the site. The complex will be home to buildings no taller than seven stories and feature a clubhouse with a fitness center and at least one pool. ### One on One Harbor Beach (also Harbor Drive Residences) – Fort Lauderdale In late December, Camaco Development submitted plans for a 240-foot, 21-story residential tower to the city’s Planning and Zoning Board in December. The project requires special city approval to exceed the 120-foot limit. The building name is not clear yet, with both Harbor Drive Residences and One on One Harbor Beach found in project documentation. It is slated for a January 21 review before the planning and zoning board. Designed by Adache Group Architects and Kora, the waterfront tower is expected to rise with only 36 luxury residences, including two 9,000 square feet penthouses, a five-story parking podium, and a sprawling amenity deck on the seventh floor. Units will feature larger-than-average layouts and start from the fifth floor. Amenities will likely include a pool, a private pool bar, a gym, a game room, and a wellness center. Located at 3049 and 3043 Harbor Drive, the 0.8-acre site sits south of the upcoming St. Regis Bahia Mar & Yachting Center and north of the Harbourage Place condominium. It is also a 5-minute drive from Las Olas Beach, a 10-minute drive from the popular Las Olas Boulevard, and a 15-minute drive from the Fort Lauderdale-Hollywood International Airport. ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Construction Updates ### Olara – West Palm Beach **Groundbreaking: August 2024 | Completion: 2028** New York-based developer Savanna has started vertical construction on its transformative project in West Palm Beach. Work is underway on its 100,000-square-foot podium. Olara is poised to revitalize the North Flagler waterfront with standalone home-like units and 80,000 square feet of exceptional amenities. Its centerpiece private dock is unlike any other in the area, featuring three for-purchase boat slips, a pair of house yachts, and a dedicated seafaring concierge. Designed by Miami-based Arquitectonica, Olara will rise 26 stories with 287 luxury residences. The timeless tower will be part of a 4-acre residential oasis, flaunting aerodynamic curves with glass terraces reflecting the water below. Interiors will be handled by the world-renowned Gabellini Sheppard Associates. The oversized floor plans range from 1,500 square feet to 4,200 square feet. Fronting the Intracoastal Waterway in West Palm Beach, the high-rise will also carry about 1,570 square feet of commercial space and 30,000 square feet of epicurean marketplace space, including an 8,500-square-foot restaurant space helmed by the Michelin-starred Chef José Andrés. You will also benefit from an exclusive partnership with Sollis Health, affording access to the best healthcare concierge professionals. More wellness-focused amenities include an Olympic-size lap pool, a leisure pool with full-service cabanas, a spa with a five-star recovery zone and Japanese-style Onsen, plus 13,000 square feet of indoor and outdoor workout spaces designed by The Wright Fit, inclusive of a yoga and Pilates studio. There will also be a game room, a multimedia lounge, a co-working lounge, a library, and lush landscaping by EDSA. _Prices start at $1.7 million, with a choice of two- to four-bedroom-plus-den residences._ ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Other Updates ### Sage Intracoastal Residences – Fort Lauderdale **Groundbreaking: November 2025 | Completion: Q3 2027** A month after breaking ground, Property Markets Group (PMG) secured a $115 million construction loan for their 25% pre-sold development located next door to the Galleria Mall at 900 Intracoastal Drive. All east-facing condos in this boutique building will offer unobstructed water and ocean views that are permanently protected by the Bonnet House Museum & Gardens and beach situated across the Intracoastal. Designed by Fort Lauderdale-based FSMY Architects, the boutique Sage Intracoastal will rise 28 stories with only 44 residences. No more than two units per floor, interiors by San Francisco-based BAMO, and 270-degree views combine to create a standout boutique living experience. Units will range from 2,767 to 3,400 square feet. With approximately 19,000 square feet of indoor and outdoor amenities, you can look forward to a resort-style pool and lounge, a cafe, a water-view bar and lounge room, a fitness center, a dedicated yoga lawn, a golf simulator, and a Sage Wellness Spa with steam, sauna, cold plunge pool and treatment rooms. Pet lovers will appreciate the dog run and dog walking services. PMG is also in talks to add four boat slips to the property. _Prices start in the high $2 millions, with a choice of two- to four-bedroom residences. Contact us to schedule a private presentation and explore remaining opportunities at this boutique waterfront residence featuring expansive floor plans._ ## — Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Watchlist ### One Boca by Terra & Frisbie Group – Boca Raton Approved by the Boca Raton Planning and Zoning Board, Terra and Frisbie Group can now proceed for a first reading on their proposed 99-year lease of city-owned land, which would enable the development of One Boca. Board members supported the lease, citing the need to encourage development around the Brightline station and noting that downtown redevelopment is long overdue. The large-scale project would feature 765 apartments (77 of which will be workforce), 180 hotel rooms, a 30,000-square-foot grocery store, 120,000 square feet of office space, and 2,100 parking spots across 7.8 acres of city land, including at 101 Northwest Boca Raton Boulevard. If approved, the transit-oriented One Boca would also be home to another mixed-use project featuring 182 condo units at 141 Northwest Fourth Street, a privately owned parcel. The developers are currently under contract to acquire the site. If council members approve the first reading, the lease agreement will be presented to voters for final ratification in March. As per earlier reports, the developers have also proposed a community benefits package, including a reimagined version of Memorial Park, a new city hall and community center, a World War II memorial, a new tennis center with up to 10 clay courts, a playground with banyan trees, and a new children’s museum. ### Kadima Developers Acquires Casino-Adjacent Lot – Hallandale Beach Hot on the heels of breaking ground on Seven Park in Hallandale Beach, Miami-based Kadima Developers made headlines again with the purchase of a 12.2-acre vacant lot next door to the Big Easy Casino. The parcel sits just 10 minutes from the beach, five minutes from the under development, and within walking distance of the neighborhood’s top restaurants. Billionaire Jeffrey Soffer sold the site at 831 North Federal Highway, not including the casino, for $31.1 million. Kadima plans on developing the parcel into a master-planned community, featuring a mix of condos, apartments, retail, entertainment, and warehouse space. For now, the developer flipped about 3 acres of the site for $12 million to an affiliate of Persea Ventures, a Fintech investment firm, while retaining the role of project manager for the sold portion. --- If you love staying on top of pre-construction news and trends in Fort Lauderdale and Palm Beach, subscribe to this blog or our YouTube channel for monthly updates! If you are interested in pursuing a Fort Lauderdale or Palm Beach preconstruction condo, please reach out to us directly to be connected with one of our South Florida preconstruction expert agents.

Top Things to Do in Miami in January 2026

Lifestyle

Top Things to Do in Miami in January 2026

January is all about fresh starts, renewed energy, and pressing the reset button on your mood. And our selection of top Miami events in January 2026 does just that. We’ve got feel-good philanthropic galas, soul-stirring orchestral moments honoring Miami’s Art Deco history, spiritually rich pieces at PAMM, marathon milestones to knock out, and laugh-out-loud nights at the Hard Rock. There’s something for every taste to help you move into the year at your own pace. --- ### Begin the Year by Giving Back: Charity Events and Galas **January 10th, 22nd, and 24th | Multiple Venues** Ring in the New Year with purpose and the simple joy of sharing by supporting one, or more, of these meaningful Miami events in January: #### Be A Voice Gala 2026, January 10 Join the “Voices” championing youth in the foster care system at this elegant black-tie evening and help them open doors to a brighter tomorrow. You get to wine, dine, dance, and bid on exclusive auction items with fellow changemakers at The Ritz-Carlton Key Biscayne, as this year’s theme “Bloom Where You Are Planted” celebrates resilience, hope, and growth. #### YoungArts Miami Gala 2026, January 10 Sponsored by Oscar de la Renta, this evening affair makes a fitting conclusion to National YoungArts Week while supporting rising talents in their pursuit of creative freedom. This year, the five days of multidisciplinary live performances wrap up at the Rubell Museum with a fundraiser and an inspiring awards night. #### Annual Splendor in the Garden, January 22 Get your front-row tickets to an outdoor runway show by Neiman Marcus Coral Gables, and help nurture the next generation of conservationists. Set against the lush backdrop of the Fairchild Botanic Garden, proceeds from this stylish afternoon fund vital school science and education programs, while keeping you on top of trends. #### The Underline Sneaker Ball 2026, January 24 It’s the launch of a signature sneaker, culinary fest, and fundraiser rolled into one! You’ll arrive for the silent auction and a chance to support Friends of The Underline, but end up staying for the eye-popping entertainment and palpable energy. #### The Royal Ball of Prince Orlovsky, January 24 This roaring 20s masquerade offers the rare opportunity to step into an immersive world crafted by the Florida Grand Opera (FGO). Marking the opening night of “Die Fledermaus” at the Adrienne Arsht Center, this one-of-a-kind evening will have you enjoying a champagne tower, a royal ball, dinner on stage, Prince Orlofsky’s legendary hospitality, and the Elevare award ceremony, followed by after-hours entertainment, all while you help fund FGO’s vision for the future of opera. ### Woody De Othello: coming forth by day at PAMM #### **January 1st - June 28th |** 1103 Biscayne Boulevard, Perez Art Museum Miami, Downtown Miami ###### Woody De Othello. Installation: Untitled Works, 2025\. Courtesy the artist, Jessica Silverman and Karma. Photo: Phillip Maisel You have to experience it to fully absorb the nuanced spirituality and ritualistic gravity of Woody De Othello’s immersive installation, widely appreciated during Art Basel 2025. His first museum solo in Miami, “coming forth by day” is heavily inspired by the “Egyptian Book of the Dead: The Book of Coming Forth by Day” (2000) and Othello’s interpretation of written works by Afrocentric scholars. This deeply personal and materially rich exhibit features a series of ceramic and wood sculptures, a large-scale bronze, tiled wall works, clay-painted walls, and subtle use of herbal scents. It will stay on display through to June 28th. ### South Beach Jazz Festival #### **January 8th-11th |** Multiple Venues Across Miami Beach With the theme “From Disability to Serendipity,” this Miami Beach tradition brings together jazz musicians of all abilities and statures to fill your weekend with smooth vocals and timeless melodies. It’s easily one of the top Miami events in January 2026, so come and experience the rich legacy of jazz in Miami, as this annual celebration unfolds across free outdoor concerts and club shows. This year’s lineup includes Federico Britos Jazz Quintet, John Pizzarelli, The Harden Project, Spam AllStars, the Spanish Harlem Orchestra with special guest Etienne Charles, Ricky Ricardi, and Lemon City Trio, among other classic to contemporary artists. ### Art Deco Weekend #### **January 9th-11th |** Along Ocean Drive & Lummus Park, South Beach In its 49th year, Art Deco Weekend goes far beyond postcard views, bringing you themed architecture walking tours around South Beach’s most iconic buildings, including the fan-favorite “Crimes and Scandals” tour that gives you all the secrets you’ve always wanted to know about the city’s infamous past. Set along Ocean Drive, this magical weekend feels like a leaf right out of history and gives you an insider’s view of Miami Beach’s timeless glamour and design heritage, while spotlighting the Miami Design Preservation League’s efforts to protect it for future generations. They also have live jazz performances and dance lessons to round out the festivities Miami style. ### Short FILM FESTIVAL: Best of Fest 2025 + Here We Gather: All We Need, We Already Have Exhibit #### **January 11th + January 25th - March 22nd |** 16701 SW 72nd Avenue, Deering Estate, Palmetto Bay Rounding up and scoring all the cinematic gems released over the past year, the MIAMI short FILM FESTIVAL (MIAMIsFF) will be hosting a special evening show on the 11th. After a brief cocktail reception, you’ll be treated to a screening of the winners in the categories of Best Comedy, Best Animation, Best Documentary, and the prestigious Jury Award. Later, on the 25th, “Here We Gather…All We Need, We Already Have” will debut with a free opening reception. True to its name, the exhibit will showcase works made of materials found at the Deering Estate and curated by Dainy Tapia. Featuring works by Rebecca White, David Valiente, Karla Kantorovich, Jessica (Yessica) Gispert, and Maria Theresa Barbist, among other artists, this two-month-long display will highlight the ephemerality of natural materials, allowing them to shift and weather over time, lending the exhibit great repeat value. ### Outdoor Science Lab for Families at the Vizcaya #### **January 15th | 3251 South Miami Avenue, Vizcaya Museum & Gardens, Coconut Grove** The Vizcaya turns into your personal outdoor lab for the night with this after-hours family experience. Guided by local scientists and educators, kids aged 6-12 are invited to explore the fascinating wildlife that crawls out after sunset at these historic grounds. Each child will receive a flashlight at check-in to assist their study, followed by a story circle hosted by the Miami-Dade Public Library plus science-based art and craft activities to round out this immersive learning program. ### Life Time Miami Marathon & Half Marathon #### **January 24th-25th | Course Spans Downtown Miami, South Beach, and Coconut Grove** Miami’s favorite year-opening race is back to challenge 18,500 athletes from more than 80 countries. Choose between a marathon, half marathon, and 5K to test your limits and catch the best of the city en route, from the shimmering bay views of Downtown to the Art Deco landmarks of South Beach, and palm-lined avenues of Coconut Grove. There’s also a Kids Run that will have elementary to middle-school runners competing for top honors and a medal for each at the finish line, if they can conquer the 26.2-mile route. ### Jerry Seinfeld, Stavros Halkias, Penn & Teller, and More Comedy Gold at the Hard Rock #### **January 16th, 17th, 23rd, 24th & 31st |** 1 Seminole Way, Seminole Hard Rock Hotel & Casino, Hollywood Kickstart your year with hearty laughs courtesy of Hard Rock Hotel’s label-defying lineup: #### Stavros Halkias, Jan. 16: If you’ve seen this “Fat Rascal” star on Netflix or tuned into one of his podcasts, then you know you’re in for an evening of belly laughs. He’s bringing “The Dreamboat Tour” to town, and you’re invited to experience his unfiltered self, up close and personal. #### Miami Comedy Festival, Jan. 17 Catch the likes of Earthquake, Special K, and Sommore for a night of nonstop laughs that will echo well beyond the curtain call. #### Jerry Seinfeld, Jan. 23-24 With one of the most successful comedy series of all time to his name, this Emmy and Golden Globe winner needs no introduction. Reserve your seat to dive into the kind of shenanigans he’s been up to lately. #### Penn & Teller 50th Anniversary Tour, Jan. 31 From busking to sold-out Broadway shows, this chaotic duo has come a long way. You won’t want to miss these acclaimed comedic magicians in action, as they bring the antics that made them one of Las Vegas’s most beloved resident headliners to town. ### Ailey II, Rhapsody in Blue, Bronfman Plays Beethoven, and More Performances at the Arsht Center #### **January 8th-31st (check specific event dates) |** 1300 Biscayne Boulevard, Adrienne Arsht Center, Arts and Entertainment District Here are our top picks for performances at the Adrienne Arsht Center this January: #### The Inheritance (Part 1), Jan. 8th-25th Watch the Florida premiere of this two-part contemporary epic that explores the meaning of love, loss, and legacy within the LGBTQ community. It has been praised for being deeply emotional and unexpectedly humorous, intimate and strong. #### Ailey II, Jan. 9th This dance production by Alvin Ailey American Dance Theater’s second company shines a spotlight on its next generation of performers. South Florida native Jordyn White, known for her powerful stage presence, leads the contemporary program with a full ensemble under the direction of Francesca Harper. #### Rhapsody in Blue, Jan. 10th Marcus Roberts’ Trio delivers a fresh take on George Gershwin's masterpiece, in collaboration with the New World Symphony, at this evening program. A fusion of jazz and classical elements, Roberts’ skillful improvisation meets its harmonious match under the technical clarity of conductor Andrew Grams for an electrifying performance. #### Verdi's Requiem, Jan. 23rd-24th If emotionally charged classical works speak to you, then you won’t want to miss this musical production by The Cleveland Orchestra. Led by the acclaimed baton of Franz Welser-Möst, this dramatic presentation moves from grief to hope, backed by powerful percussion and an exceptional quartet including tenor Joshua Guerrero and soprano Asmik Grigorian. **The Royal Philharmonic Orchestra, Jan. 26th** Another powerful piece of Arsht’s 2025–26 Classical Music Series, this program features Vasily Petrenko leading the Royal Philharmonic Orchestra in two meaningful symphonies on its 80th-anniversary tour. We recommend arriving early to catch the pre-show discussion, scheduled an hour before the show. #### Itzhak Perlman’s Cinema Serenade, Jan. 28th Legendary violinist Itzhak Perlman partners with The Cleveland Orchestra to serenade you with the silver screen’s most stirring melodies. Gear up for an intense evening as the lineup includes “Schindler's List’s” hauntingly beautiful score and the evocative love theme from “Cinema Paradiso.” #### Mikailo Kasha, Jan. 30th Ranked among the top 1% of bassists worldwide, Miami’s own Mikailo Kasha will be taking center stage at the Arsht Center’s outdoor plaza. Expect to tune into the award-winning composer’s original works, as he leads his modern jazz quartet for an unforgettable concert experience under the stars. #### Bronfman Plays Beethoven, Jan. 30th-31st Another can’t-miss concert for classical music fans, this program pairs Beethoven's Piano Concerto No. 5 with Mozart's Symphony No. 41 to deliver a rare masterpiece. With Grammy Award-winning pianist Yefim Bronfman at the keyboard, you’re in for a spectacle worth remembering. --- Take this guide as an invitation to start the year connecting with others and enjoying cultural expressions that will remind you why Miami is the place to be in 2026\. From supporting meaningful causes and exploring cultural depth to riding an emotional wave of music or laughing the night away, there’s a wide range of Miami events in January to keep you energized. And as always, we’d love to hear what made it onto your calendar, so be sure to drop us a comment on our socials. Follow @blackbookproperties on Instagram to join the fun as we bring you highlights from Miami’s hottest annual events. Alternatively, call, text, or email us to become a part of our vibrant community and experience these events with a Miami address of your own.

Video: Tour this $5M, 4-Bedroom + Den, Bayfront Duplex in Edgewater’s Missoni Baia

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Video: Tour this $5M, 4-Bedroom + Den, Bayfront Duplex in Edgewater’s Missoni Baia

Love the privacy and space of a standalone home but desire the conveniences and security of a luxury waterfront Miami condo? Then this 4,400-square-foot, 4-bedroom, 6.5-bathroom duplex with staff quarters delivers the best of both worlds, complete with uninterrupted water views, in one of Miami’s newest fashion-branded condo towers, Missoni Baia. In our latest Missoni Baia video, Sep Niakan, Miami’s leading luxury real estate expert and founding broker of Blackbook Properties and condoblackbook.com, joins Katia Bon, our go-to expert for hidden gems in Miami’s urban core and in-house master baker and cookie master, for a closer look at life inside this ultra-rare, two-story, Missoni Baia townhouse offering more than 4,000 square feet of pure luxury. ### A Bayfront, Entertainer’s Paradise One of only two duplexes in the 57-story Missoni Baia tower, this limited-edition southeast corner home offers grand proportions and expansive water views—a combination rarely found in Edgewater neighborhood. Built to adapt to your lifestyle, this 4,400-square-foot residence features four bedrooms, an open den or study, 6.5 bathrooms as well as staff quarters (behind the kitchen) that can easily be converted into a walk-in pantry, game room, or additional room. ### The Chef’s Kitchen Love cooking or prefer having someone else prepare meals in this Missoni Baia condo? Your chef-ready kitchen comes pre-loaded with Wolf and Sub-Zero appliances, cabinetry from Italkraft, and a built-in wine cooler—all handpicked to afford both everyday convenience and entertainment-ready functionality. Plus a bonus room off the kitchen with a full ensuite bathroom doubles as a massive walk-in pantry or ample staff quarters. Add direct water views from the kitchen and an expansive stone island to the mix, and even your routine coffee becomes a ritual worth sharing. ### Impressive Living Room Area The double-height living room is the absolute centerpiece of this Missoni Baia condo for sale. With floor-to-glass windows spanning the entirety of the 4th and 5th floors, overlooking your balcony that runs the entire width of the residence, you have access to uninterrupted bay views and extended hours of natural light. True to its “entertainer’s paradise” reputation, this space further lends itself as easily to sunlit afternoon get-togethers as it does to elaborate evenings set against the romantic glimmer of the bay. ### Primary Bedroom with Master View Just up the stairs, your open den is perfectly positioned to inspire, complete with sweeping water and sky views. Tucked further inside, the primary bedroom in this Missoni Baia duplex offers its own share of views, a spacious walk-in closet, and a spa-like bathroom complete with freestanding soaking tub, his dual toilet closets, dual sinks, and a double, walk-in shower with dual rain showerheads, creating a sanctuary of calm you’ll love returning home to. ### The Missoni Baia Miami Experience Set against 200 feet of bay frontage, this minimalist glass tower comes alive with Paris Forino Design’s interpretation of Missoni’s iconic color palette for the interiors. Amongst the tower’s two floors of resort amenities, the Olympic-length lap pool, tennis courts, 1,700 square-foot gym with 180-degree views, full-service residents-only spa, and children’s splash pad stand out as favorites for those who value a wellness-focused lifestyle. You further enjoy access to a separate infinity-edge pool overlooking the bay, multiple lounges, a resident’s game room, a kids’ club, a hair and nail salon, a pet spa, and a bayfront boardwalk that takes you all the way to Downtown Miami. ### Missoni’s Edgewater Location: Central to Everything in Miami Within the neighborhood, you have the 8-acre, family-friendly Margaret Pace Park for everything—from fitness training to dog runs and family picnics. Further, Edgewater’s collection of restaurants is second to none; you have everything from waterfront fine dining to cafes and healthy bites close home. As mentioned above, a leisurely walk takes you right into the heart of Miami’s urban core to experience the best of art, culture, sporting events, and fine dining in Downtown. Miami’s Design District—known for its selection of couture shops, flagship stores, top-rated restaurants, and public art installations—is just a 10-minute drive from home. South Beach and its iconic nightlife sit right across the scenic Venetian Causeway, about 20 minutes by car. You are also just 20 minutes from the international airport. This Missoni Baia condo for sale is listed at just under $5 million—contact us directly if this waterfront lifestyle in one of Miami’s most desirable family-friendly neighborhoods speaks to you. We’ll gladly schedule a private viewing, so you can experience the views, scale, and finishes firsthand.

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