Luxury Communities in Miami-Dade County, FL, Ranked by Sale Price
Which are the luxury communities in Miami-Dade County, FL? Ranked below by MLS median sale price, Miami-Dade County has 671 communities with medians at or above $700,000 — topping out at $31.00M. The ranking is an objective price measure from recorded closings.
Miami-Dade County luxury market at a glance
The top 20, ranked by median sale price
| # | Community | City | Median price | 1-yr change | Days on mkt |
|---|---|---|---|---|---|
| 1 | BAL HARBOUR RESIDENTIAL S | $31.00M | +82.4% | 74 d | |
| 2 | GABLES ESTATES NO 3 | $30.10M | – | 87.5 d | |
| 3 | PALAZZO DEL SOL/DELLA LUN | $28.00M | +72.8% | 145 d | |
| 4 | PALM ISLAND | $25.00M | – | 194 d | |
| 5 | INDIAN CREEK SUB | $21.00M | – | 32 d | |
| 6 | SUNSET ISLANDS-ISLAND NO | $18.85M | +50.8% | 58.0 d | |
| 7 | SURF CLUB CONDO | $17.00M | +18.9% | 105 d | |
| 8 | OLD CUTLER BAY | $16.98M | +69.8% | 40.0 d | |
| 9 | REGALIA CONDO | $13.40M | – | 81 d | |
| 10 | APOGEE CONDO | $13.20M | – | 83.0 d | |
| 11 | SUNRISE HARBOUR REV PL | $12.54M | – | 64.5 d | |
| 12 | SAN MARINO ISLAND | $11.30M | +1.7% | 179 d | |
| 13 | W T HARDEES SUB | $11.10M | – | 106.0 d | |
| 14 | HIBISCUS ISLAND | $10.88M | -53.5% | 197.0 d | |
| 15 | LA GORCE ISLAND | $10.50M | +1.2% | 60 d | |
| 16 | BISCAYNE ISL | $10.45M | – | 175 d | |
| 17 | MARTIN SUBURBAN ACRES | $9.97M | – | 250.5 d | |
| 18 | BAY POINT | $9.60M | +28.9% | 146 d | |
| 19 | SNAPPER CREEK LAKES SUB | $9.05M | – | 57 d | |
| 20 | ISLE OF NORMANDY MIAMI VI | $8.80M | +816.7% | 156 d |
Ranked by MLS median sale price across recent closings. Deemed reliable but not guaranteed.
How the luxury market trades differently
Above roughly $1M, Florida deals change shape: more cash buyers, longer marketing times, bigger spreads between list and sale price, and appraisals that matter less than comparable scarcity. Sellers here win on presentation and reach — the buyer often comes from out of state — and buyers win on patience and data: days-on-market and the original-list-to-sale gap tell you who has leverage. Insurance underwriting also tightens on high-value coastal homes; get the quote before the inspection period ends, and note the documentary-stamp math on a large deal with our seller net proceeds calculator.
What it costs to own here
At Miami-Dade County’s typical combined millage of 17.59 mills, a purchase at $31,000,000 (the highest community median on this list) generates roughly $545,389 a year in property tax before exemptions — about $45,449 a month. Florida resets the assessed value to roughly your purchase price, so the seller’s current bill is not a preview of yours; a homesteaded owner then gets the $25,000–$50,000 exemption and the 3% Save Our Homes cap going forward. Citizens Property Insurance policies in Miami-Dade County average about $1,891 a year ($158 a month) — private-market quotes vary with roof age and wind mitigation, so price coverage before your inspection window closes. All-in, our county model puts the typical monthly cost of ownership in Miami-Dade County near $3,142 (principal and interest on the typical home, tax, and insurance).
Run your exact numbers: the property tax after purchase calculator uses Miami-Dade County’s verified millage, and the buyer closing costs calculator builds the full cash-to-close.
Demand and supply in Miami-Dade County right now
In the most recent IRS migration data (2022-2023), Miami-Dade County lost a net 40,258 people to relocation, with the largest inbound flows from NY, CA, TX. Households moving IN reported average incomes of $127,200 versus $78,108 for those leaving — the income mix of demand, straight from tax filings. Population is up about -1.1% over the recent multi-year window. On the supply side, builders pulled 16,535 residential permits in Miami-Dade County in 2025 (2,666 single-family), up 55.9% year over year. Permits are tomorrow’s inventory: a shrinking pipeline supports prices, a swelling one hands buyers leverage. Our valuation model reads the county as overvalued by about 55.3% versus its income-and-rent fundamentals.
The Miami-Dade County market, in context
Miami-Dade is Florida's largest county and a global gateway — international finance, trade, and tourism converge in a market that is the priciest and least affordable in the state. A wave of finance, tech, and crypto migration has pushed Brickell and the waterfront to record highs, even as insurance, condo assessments, and sea-level risk reshape the lower end.
The economy behind the market: {'drivers': 'international trade and logistics, finance and banking, tourism and hospitality, healthcare, and a fast-growing tech sector', 'summary': "Miami-Dade runs on global connectivity. PortMiami is the 'Cruise Capital of the World' and Miami International Airport is a primary gateway to Latin America, anchoring trade and logistics. Brickell is the financial center of the Southeast, home to Latin American bank headquarters and a recent wave of hedge-fund, asset-management, and tech relocations. Tourism and hospitality run year-round, healthcare is led by Baptist Health South Florida and Jackson Health, and cruise giants Carnival and Royal Caribbean are headquartered here.", 'employers': ['Miami-Dade County Public Schools (4th-largest district in the U.S.)', 'Baptist Health South Florida', 'Jackson Health System', 'University of Miami', 'Miami-Dade County government', 'American Airlines (MIA hub)', 'Carnival Corporation', 'Royal Caribbean Group', 'PortMiami'], 'jobNote': 'Miami-Dade County Public Schools is the fourth-largest district in the U.S.; PortMiami is the busiest cruise port in the world.'}
What could change it: Miami-Dade carries Florida's steepest costs and risks: it is the least affordable county in the state (price-to-income well above the rest), insurance and hurricane/storm-surge exposure are at the top of the range, and sea-level rise and king-tide flooding are real long-term concerns. On older coastal condos, post-Surfside reserve requirements and special assessments must be diligenced carefully before purchase.
Near-term outlook: Expect a two-speed market: international and finance-driven wealth keeps the waterfront and Brickell high end liquid, while the broader condo market continues to absorb insurance and assessment shocks. Affordability is the ceiling on mid-market demand; the luxury and global-buyer tiers stay the most resilient.
Run the numbers in Miami-Dade County
- Find the best agent in Miami-Dade County
- Get a cash offer in Miami-Dade County
- Miami-Dade County housing scorecard
- What would selling net you
- Buyer closing costs calculator
Common questions
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Rankings are objective MLS median-sale-price aggregates as of 2026-09-11, change over time, and are deemed reliable but not guaranteed. They describe home prices only. Equal Housing Opportunity.