Miami Luxury Single-Family Homes Infographic |

Posted on October 28th, 2014

Have you ever wondered what options you had when buying a Miami luxury single-family home?

How many luxury single-family homes are in Miami?
Where they are located?
How many of them are available?
How many are sold each year?

First let us define Miami luxury single-family homes as those that are valued at or above $3 million. As per the Miami-Dade Appraiser’s Office 2013 Market Valuation there are 1433 single-family homes in Miami-Dade County that have appraised for more than $3 million. Although this doesn’t include homes that have appraised under $3 million and have sold for over that amount.

How many are there? Where are they?

The top three areas with the highest concentration of luxury single-family homes are

Key Biscayne (with 235)
Gables Estates (with 188)
and Mid-Miami Beach (with 158)

What is available now?

If you are in the market, right now there are 351 of these luxury single-family homes available. There is a nice inventory for homes between $3 and $5 million, $5 and 10 million and $10 and 20 million. There are even 14 ultra-luxury homes available priced at over $20 million. These homes have a ratio of waterfront to dry lot of about 2-to-1.

How many have sold?

Over the past 12 months, 211 Miami luxury single family homes have sold. A little more than half of them went for between $3 and 5 million. There were 16 that sold for over $10 million, including 2 that went for over $20 million. The ratio of waterfront to dry lot for homes sold over the past year is a little higher, but still close to 2-to-1.