Miami is thought for a lot of issues: ocean views, nice meals, and glossy waterfront properties. It’s changed into a playground for the rich, with high-end condos and lavish estates lining the coast. Coastal Florida as an entire is definitely residence to a lion’s share of the nation’s costliest properties – a lot of that are seaside mansions or penthouse condos.
Nevertheless, Florida is seeing a reckoning in its housing market. Surging insurance coverage prices, HOA charges, and local weather dangers are sidelining consumers and prompting sellers to checklist. Now, sellers far outnumber consumers, pushing costs down. Condos have already began declining in reputation nationwide, and in Miami, practically all promote beneath checklist worth.
Even so, folks proceed to maneuver to the realm for its climate, tradition, or to put money into the true property market. Right here have been the costliest residence gross sales in Miami in Could, in line with information from Redfin.
The costliest residence gross sales in Miami: Could 2025
1. 7012 Fisher Island Dr. #7012, Miami Seaside, FL 33109
Sale worth: $16,200,000
Checklist worth: $18,000,000
Located on unique Fisher Island, this waterfront rental provides direct bay views and personal elevator entry. It has 4 bedrooms and 4.5 loos throughout 4,698 sq. toes.
Sale worth: $14,800,000
Checklist worth: $14,900,000
Situated within the 4 Seasons Residences, this expansive penthouse provides unobstructed views of the ocean, bay, and Miami skyline. Spanning 7,438 sq. toes, the house has 4 bedrooms and 4 loos.
Sale worth: $12,500,000
Checklist worth: $13,250,000
This Fifteenth-floor rental has panoramic views of the marina and Biscayne Bay. The three,247-square-foot residence consists of 4 bedrooms and 5.5 loos.
Sale worth: $9,100,000
Checklist worth: $12,500,000
This 6,803-square-foot fashionable property sits in Coconut Grove’s unique Ye Little Wooden neighborhood and features a separate 1-bedroom guesthouse with an workplace. Designed by architect Roney Mateu, the principle residence has 5 bedrooms and 6.5 loos.
Sale worth: $8,995,000
Checklist worth: $9,750,000
Situated in Pinecrest’s unique Stritter Estates, this two-story residence provides expansive residing on a 37,990-square-foot lot. The 8,257-square-foot residence consists of 8 bedrooms and 9.5 loos.
Sale worth: $8,910,000
Checklist worth: $13,770,000
In-built 1940, this 2,340-square-foot residence sits on the western fringe of Palm Island with huge bay and metropolis views. It has 4 bedrooms, 4.5 loos, authentic wooden and travertine flooring, and a poolside deck.
Sale worth: $7,750,000
Checklist worth: $9,300,000
This Forty eighth-floor duplex within the Aston Martin Residences has 5 bedrooms and 6 loos throughout 4,434 sq. toes. It options two oceanfront terraces, hovering ceilings, and city-to-sea views.
Sale worth: $7,700,000
Checklist worth: $8,395,000
This newly accomplished one-story property in Pinecrest provides 6,721 sq. toes of residing house on a 0.88-acre lot. In-built 2023, it options 7 bedrooms, 7.5 loos, a customized Italian kitchen, and a big pool with two terraces.
Sale worth: $7,350,000
Checklist worth: $9,500,000
Designed by Giorgio Balli, this 8,187-square-foot property sits on practically an acre and features a visitor home with cabana tub. It has 7 bedrooms, 7.5 loos, an elevator, and a summer season kitchen.
Sale worth: $6,545,000
Checklist worth: $6,495,000
Situated within the Ponce Davis neighborhood, this 4,507-square-foot residence options 4 bedrooms and 4.5 loos. It was inbuilt 2012 and features a first-floor major suite and chef’s kitchen.
