MIAMI PRIMECondos

Miami Condo Guide

No two Miami condo searches look alike, because the city is really a collection of vertical markets — a glass tower over Biscayne Boulevard lives nothing like a mid-rise off Coral Way or a loft near the Miami River. Serious buyers start by picking a district, from Brickell and Edgewater to Coconut Grove and Little Havana, and only then compare buildings, since amenities, HOA culture and price per foot shift block by block.

Miami by the Numbers

These benchmarks come from recorded MLS closings in Miami during the past year — prices that actually traded and rents that were actually signed, never list prices — and they recalculate on their own as new closings post.

10,350
Closed sales, past year
$570K
Median closed price
$397
Median $ per sqft
50 days
Typical days to sell
21,553
Leases recorded, past year
$2,800/mo
Median signed rent
$3
Median rent $ per sqft
41 days
Typical days to lease
Homes Sold per Month
933Dec659Jan771Feb1,030Mar990Apr979May991Jun907Jul864Aug742Sep768Oct29Nov
Median Sale Price per Month
$713K$545KDecJanFebMarAprMayJunJulAugSepOctNov
Closed Price by Bedroom Count
BedroomsClosingsMedian price
Studio93$340,000
1 bd1,202$339,500
2 bd2,595$410,000
3 bd3,624$570,000
4 bd2,054$750,000
5+ bd782$1,237,500
Closings by Property Type
TypeClosingsMedian price
Single Family Residence5,337$690,000
Condominium3,791$385,000
Townhouse1,080$479,500
Villa73$428,000
Stock Cooperative43$69,000
Month-by-Month Closings
MonthClosingsMedian price
Dec 2025933$545,000
Jan 2026659$575,000
Feb 2026771$580,000
Mar 20261,030$599,450
Apr 2026990$569,995
May 2026979$560,000
Jun 2026991$590,000
Jul 2026907$560,000
Aug 2026864$557,750
Sep 2026742$576,250
Oct 2026768$575,000
Nov 202629$712,640
Signed Rent by Bedroom Count
BedroomsLeasesMedian rent
Studio1,045$2,000/mo
1 bd6,589$2,350/mo
2 bd7,921$2,600/mo
3 bd4,411$3,200/mo
4 bd1,297$4,200/mo
5+ bd290$6,000/mo

A City of Districts on the Bay

The city of Miami proper is often confused with the metro that borrows its name, but inside the municipal lines lives a distinct place: a stack of neighborhoods running from the Little River corridor down through Edgewater, Wynwood, Downtown, Brickell and on to Coconut Grove, all of it pressed against Biscayne Bay. This is where the region keeps its skyline, its banking towers and its densest condo inventory, and it is where Latin American capital has always entered the United States first. For a buyer, the essential truth is that Miami does not behave as one market — Brickell moves to a global rhythm, the Grove to a neighborhood one, and everything in between is somewhere on its own arc of reinvention.

The bay is the organizing fact. East-facing addresses along the water carry the views, the breezes and the enduring premiums; the further west a street sits from Biscayne Boulevard, the more the market starts to reward patience and vision instead. Residents who thrive here tend to be the ones who picked a neighborhood to match their actual routine — where they work, where their kids go to school, which causeway they cross — rather than an abstraction of Miami as a whole. Congestion, insurance and construction noise are the recurring complaints; the compensation is a genuinely urban, genuinely tropical city that no other American market replicates.

Condo Corridors from Brickell to Edgewater

Brickell is the deepest condo market in the state, layered from dependable early-2000s towers up through Brickell Key's island enclave and a continuing pipeline of branded and supertall projects. Buyers can calibrate almost any budget against almost any amenity package within a few walkable blocks. North of the river, Downtown and the Miami Worldcenter blocks deliver newer construction with resort-grade amenity decks at a gentler cost of entry, while Edgewater has matured into the city's bay-front alternative — a nearly continuous line of glass along the water, with projects like Missoni Baia and Aria Reserve defining its newer generation.

Midtown and Wynwood supply the mid-rise and loft energy for buyers who want galleries and restaurants downstairs rather than a pool deck upstairs. Along the Upper Eastside, boutique buildings mix with the MiMo district's low-slung character. The discipline that rewards condo buyers everywhere in Florida applies doubly in Miami's older stock: study the association before the unit — reserves, recertification standing and assessment history now decide which buildings appreciate and which stall.

Houses, Islands and the Low-Rise Side

Away from the towers, Miami keeps a surprisingly deep single-family city. Coconut Grove is its flagship — shaded ridge streets, sailing culture at Dinner Key and an unmatched cluster of schools — with the Mediterranean-era blocks of Shenandoah, Coral Way and the Roads carrying 1920s character toward the center. The Upper Eastside hides gated pockets like Morningside and Belle Meade off Biscayne Boulevard, and the Venetian and San Marco islands string bridge-connected waterfront living between the mainland and the Beach.

True waterfront houses inside city limits are structurally scarce, which is why the Grove's bayfront and the island enclaves hold value through every cycle. Buyers priced off the barrier islands frequently discover that the city itself spans the region's widest range — from first-condo entry points to some of the most expensive residential trades in the country — often within a fifteen-minute drive of each other.

Transit, Airports and Daily Logistics

Miami is the hub the rest of the region commutes toward, and living centrally means most trips run against the traffic. Metrorail connects Brickell, Downtown, the Health District and the Dadeland corridor; the Metromover circulates the core for free; and Brightline runs north from MiamiCentral to Fort Lauderdale, Boca Raton, West Palm Beach and ultimately Orlando. The airport sits within roughly twenty minutes of most city neighborhoods, and the Rickenbacker Causeway puts genuine beaches at Key Biscayne within reach of a Brickell lunch hour. The honest advice for any buyer: choose the neighborhood that shortens your actual daily loop, because rush hour across town is not negotiable at any price.

Buying a Condo or Home in Miami

Much of the demand here comes down to district-by-district condo shopping across Miami's tallest skyline. Use the bedroom and property-type benchmarks to see where your budget lands in Miami, then shortlist buildings before you shortlist units — the association behind a condo shapes your monthly cost as much as the floor plan does. Any listing you open puts the photos, the unit record and the broker one tap away.

A mortgage-backed purchase in South Florida generally needs a month to six weeks to reach closing; an all-cash buyer can finish in roughly half that. For a condo, build in time for the association application and board interview, ask early for the budget, reserve study and milestone-inspection status, and get windstorm and flood quotes before writing an offer. Started on day one, none of this slows a Miami purchase down.

Leasing in Miami

Sensibly priced Miami rentals rarely sit; many lease within a few weeks, and landlords commonly collect the first and last month's rent plus a security deposit at signing. Condo rentals also need the association's tenant approval, which runs on the board's calendar. The signed-rent table shows what tenants agreed to pay by bedroom count during the past year, and the rental map shows what is open for lease today.

Largest Residences Listed in Miami

Browse all Miami listings →

Around Miami: Places Worth Knowing

Vizcaya Museum & Gardens

The 1916 Deering estate on the Coconut Grove waterfront — Italianate gardens, the stone barge and the city's most photographed piece of history.

Pérez Art Museum Miami

The bayfront contemporary museum whose hanging gardens and terrace have become Downtown's cultural living room.

Frost Museum of Science

Planetarium, rooftop ecology decks and a spiraling aquarium tower next door to PAMM in Museum Park.

Wynwood Walls

The curated mural park at the heart of Wynwood, ringed by galleries, breweries and a constantly repainted neighborhood.

Miami Design District

Fashion flagships, public art commissions and destination dining in a walkable luxury quarter north of Midtown.

Little Havana

Calle Ocho's cigar shops, domino tables and cafecito windows — the cultural anchor of Cuban Miami.

Bayfront Park & Kaseya Center

Downtown's waterfront green and the Heat's arena, connected to the growing Baywalk along the bay.

Coconut Grove waterfront

Marinas, Peacock Park and the CocoWalk village — the city's oldest neighborhood at its most relaxed.

Brickell City Centre

The open-air retail and dining complex threading through the financial district beneath its climate ribbon.

Where Miami Eats

Versailles

The Calle Ocho landmark where Cuban Miami has taken its ropa vieja and its politics since 1971.

Zuma

Contemporary izakaya dining on the riverfront — Brickell's reliable setting for a deal celebrated.

Cote Miami

Korean steakhouse precision in the Design District, holding a Michelin star and a difficult reservation book.

Boia De

A pocket-sized Buena Vista Italian with a star of its own and a devoted local following.

Mandolin Aegean Bistro

Greek and Turkish cooking in a whitewashed Buena Vista garden that feels far from the city around it.

Garcia's Seafood Grille

Dockside grouper and stone crab where the fishing boats still land on the Miami River.

GreenStreet Café

Coconut Grove's corner brunch institution and the neighborhood's default meeting spot.

Joe's Stone Crab

Technically over the causeway in South Beach, but no Miami dining list survives without it.

Miami Schools

Coral Way K-8 Center
Public

A pioneering bilingual public program with a century of history in the Coral Way corridor.

Design & Architecture Senior High
Public

The Design District's magnet, a fixture near the top of national public-school rankings.

MAST Academy
Public

Marine-science magnet on Virginia Key with a statewide reputation.

New World School of the Arts
Public

Audition-entry conservatory training for dance, music, theater and visual arts downtown.

Ransom Everglades School
Private

Highly selective independent school split across two Coconut Grove campuses on and near the bay.

Carrollton School of the Sacred Heart
Private

All-girls Sacred Heart education on a historic bayfront estate in the Grove.

Miami Dade College & Florida International University
Higher Ed

MDC anchors the downtown campus district while FIU powers the city's professional pipeline from the west.

Attendance zones get redrawn from time to time. Before a school factors into a purchase, confirm the assignment for that exact address with Miami-Dade County Public Schools and check private-school admission with each school itself.

Miami Condo Neighborhoods, Building by Building

Brickell condos
Brickell

Brickell packs Florida's tallest skyline into a single walkable square mile, where roughly fifty condo towers serve everyone from first-time buyers in the 2000s high-rises to penthouse hunters on the South Brickell bayfront. Our directory pairs every building with live listings, fee data and market trends, so you can compare the financial district's full inventory in one place.

Open the Brickell building directory →
Brickell Key condos
Brickell Key

Eleven towers, one bridge, and no land left to build on — Brickell Key is Miami's fixed-supply island market, moments from the financial district yet surrounded entirely by Biscayne Bay. This page tracks current inventory, pricing and building intelligence for every address on the island, from the 1982 originals to Asia's flow-through residences.

Open the Brickell Key building directory →
Downtown Miami condos
Downtown Miami

Downtown Miami is where urban Miami's pricing is friendliest, its rental rules most flexible, and its bay views most protected — a rare trifecta in one district. From the Museum Park row to the Worldcenter condo-hotels and the Aston Martin sail on the river, this directory covers every building buyers and investors actually shortlist.

Open the Downtown Miami building directory →
Coconut Grove condos
Coconut Grove

Coconut Grove trades skyline for banyan canopy — a bayfront village of marinas, top schools and a short roster of condo buildings that runs from 1980s bayview classics to towers by Bjarke Ingels and OMA. Because the Grove permits so little new construction, knowing each building matters more here than anywhere; this directory covers them all.

Open the Coconut Grove building directory →
Edgewater condos
Edgewater

Edgewater strung two miles of open-bay frontage with condo towers in a single generation, and it remains the most affordable way to wake up to unobstructed water in urban Miami. Browse every address from the Margaret Pace Park workhorses to Missoni Baia and Aria Reserve, each with live listings and a current market report.

Open the Edgewater building directory →

Miami Condo & Home Buying Questions

Why do condo values in Miami vary so much from one building to the next?

Miami draws buyers for district-by-district condo shopping across Miami's tallest skyline, yet condo pricing here is set tower by tower: construction era, reserve funding, amenities, insurance costs and view lines can separate two buildings on the same block. Treat the closed-sale benchmarks in this guide as the baseline, then compare individual buildings before you narrow down to a unit.

Where can I find recent sale prices for Miami?

The Miami benchmarks near the top of this guide report the past year's median closed price, price per square foot and bedroom-level medians. They are recalculated from recorded MLS closings as new ones post, so you are never reading a quarterly report that went stale weeks ago.

Is a condo or a single-family house the better fit in Miami?

Start with the property-type table, which shows how condo closings in Miami compare with houses and townhouses. Choosing a condo makes the association's budget, reserves, master insurance policy and approval process part of your purchase; choosing a house makes the roof, windstorm coverage and upkeep yours alone. Each property type has its own map search in the links further down.

How can I see every Miami condo that is listed right now?

Open the Miami condos-for-sale map. It plots each active MLS listing within the city limits, lets you filter by bedrooms, price and property type, and refreshes whenever the feed does — no stale or off-market units.

Discover Your Perfect Home

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Bedroom Size Homes in Miami
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Homes Nearby Miami: Neighborhoods
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