Miami Beach

The Miami Beach condo market stretches from $350,000 in older buildings all the way to $20 million and above for oceanfront penthouses. Trophy addresses like Faena, Four Seasons, and Surf Club set their floor at $2-3 million for prime oceanfront units.

Few addresses anywhere match Miami Beach for sheer lifestyle breadth — world-famous beaches, a landmark Art Deco streetscape, a restaurant scene that rivals any major city, and nightlife that draws an international crowd. For buyers who want resort-caliber living woven into an urban fabric, it is hard to top.

Each sub-market has a distinct personality: South Beach centers on nightlife and Art Deco heritage, Mid-Beach runs quieter and suits families, North Beach offers the most accessible entry prices, Surfside delivers upscale residential calm, and Bal Harbour sits at the ultra-luxury end of the spectrum.

Short-term rental permissions depend heavily on the individual building and its zoning designation — some allow it outright while others ban it entirely. Miami Beach maintains its own vacation rental ordinances on top of building rules, so confirming both the condo association bylaws and city regulations is essential before any investment purchase.

Property taxes in Miami Beach run close to 2% of assessed value each year. A $1 million condo typically generates around $20,000 in annual taxes. Primary residents can lower that figure through the homestead exemption.