Averages $815 Beach-wide, but luxury oceanfront regularly exceeds $1,292/sq ft.
Miami Beach Condo Market Report: Q1 2026 Analysis As of April 2026, the Miami Beach condominium market has transitioned into a "scarcity story," diverging sharply from the broader Miami mainland. While the market as a whole is stabilizing, the Beach is experiencing its first inventory contraction since 2023, with trophy oceanfront properties reaching record pricing.
Approximately 67% of luxury transactions are still closed in cash, often securing better terms in a stabilizing market. Miami Condo Market Report Spring 2026 condo miami beach buy
$504,000–$700,000 (up 7.2% year-over-year).
The market is currently bifurcated, with a widening gap between newer, compliant buildings and older stock facing regulatory pressure. Approximately 67% of luxury transactions are still closed
High resale inventory in older buildings (often 17+ months of supply) provides significant leverage for buyers willing to handle potential assessments.
These units are undergoing "structural repricing." Buyers are aggressively negotiating discounts to account for mandatory structural integrity reserve studies, special assessments, and rising insurance premiums. Neighborhood Highlights Neighborhood Price/SF Range Top Building Examples South of Fifth (SoFi) Ultra-exclusive, high-net-worth $1,500 – $3,500+ Apogee , Continuum Mid-Beach Tranquil, branded-luxury hub $1,100 – $1,600 The Perigon , Faena House North Beach Rapidly transforming, value-play $800 – $1,200 72 Park Bal Harbour / Surfside Secluded, trophy oceanfront $1,000 – $2,500+ Surf Club (Auberge) Actionable Tips for Buyers High resale inventory in older buildings (often 17+
Always review the building’s reserve funds and recent structural reports. Newer buildings (<30 years) often have zero carrying costs until delivery but higher initial PPSF.