Active
$25,000,000
4955 SW 83rd Street, Miami, FL 33143
Listed by Coldwell Banker Realty
Miami · Luxury
Luxury Homes for Sale in Miami, FL
Miami sells two products at the top of the market. One is a bay lot with a dock. The other is a floor in a tower. They are priced on completely different things.
On the market now
Luxury listings
Luxury homes for sale in Miami right now
Active
$25,000,000
4955 SW 83rd Street, Miami, FL 33143
Listed by Coldwell Banker Realty
ActiveWaterfront
$6,100,000
175 SE 25th Road # 2801, Miami, FL 33129
Listed by Fortune Christie's International Real Estate
ActiveWaterfront
$4,500,000
1400 Biscayne Boulevard # 5104, Miami, FL 33132
Listed by Fortune Christie's International Real Estate
Active
$4,150,000
1040 N VENETIAN Drive, Miami, FL 33139
Listed by Rene Valverde
ActiveWaterfront
$3,999,900
1040 Biscayne Boulevard # 4202, Miami, FL 33132
Listed by Serhant
Active
$3,999,000
851 NE 1st Avenue # 4401, Miami, FL 33132
Listed by Score Properties Group, Inc.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law. MLS data is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
MLS data is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Equal Housing Opportunity. All real estate advertised is subject to the Federal Fair Housing Act.
Market snapshot
20 active listings at $2,000,000 and up
Highest asking price right now: $25,000,000
Straight from the MLS feed on this page. It moves when the feed moves, and it is the only market number I publish here.
Where the luxury homes are
Coconut Grove The oldest continuously settled part of the city, with 1920s and 1930s houses under heavy tree canopy, bay lots along South Bayshore, and a run of new construction replacing older cottages on the inland streets.
Venetian Islands Of the six built islands on the causeway between downtown and South Beach, only Biscayne Island and San Marco Island are in the City of Miami; the other four are in Miami Beach. Lots are compact and almost all of them touch water, so dock length and clearance under the causeway spans decide what fits behind the house.
Bay Point A gated enclave off Biscayne Boulevard with large interior lots and a handful of bayfront parcels. Build years run from the 1950s through recent teardown rebuilds, so no two houses here share a spec.
Morningside and Belle Meade Two historic districts on the bay side of the Upper East Side, full of 1920s Mediterranean revival and mid-century houses. Exterior work in the historic district goes through review.
Brickell and Edgewater The high-rise corridor on Biscayne Bay. Most towers here date from after 2005, which puts them well inside their first milestone inspection cycle, and the view corridor matters more than the floor number.
Coral Way and the Roads Inland blocks of 1920s and 1930s houses on banyan streets, with larger lots than the newer suburbs and no water frontage. The value here is the lot, the canopy and the original construction.
Miami at the top of the market splits in two, and the split is not about taste. A bay lot in the Grove or on the Venetian Islands is priced on frontage, depth and the run to the inlet. A residence in a Brickell or Edgewater tower is priced on the view corridor, the floor plate and the health of the association that owns the building around you. Same city, same budget, two entirely different sets of questions.
I ask both sets before we tour. On a house I want the seawall age, the dock depth at low tide, the bridge clearance to Government Cut or Haulover, and the permit history on every addition. On a tower I want the milestone inspection, the reserve study, the master policy and the last two years of board minutes. Tell me which product you are after and I will start pulling the documents the same day.
What to check before you buy
What to check before you buy
Which route the boat takes to open water
From a Miami dock you are heading for Government Cut or Haulover Inlet, and the bridges and causeway spans in between set the height you can ever clear. I trace the exact route for the address, not the neighborhood.
Seawall condition and the bay exposure
A bay-facing seawall takes more weather than a canal wall. I look at the age, the cap, the tie-backs and how the lot handles a hard east wind, then I get a marine contractor to price what is coming.
Historic district and tree rules
Morningside, Belle Meade, the Roads and much of the Grove sit under review that governs exterior changes, and Miami-Dade also permits tree removal. If your plan is to rebuild, read the rules before you buy the lot.
Building documents on a tower residence
For a condo I read the milestone inspection status, the structural integrity reserve study required since 2022, the master insurance policy and two years of board minutes. That package tells you more than any tour.
How the property will actually be used
Short-term rental rules change by zoning district and by building, and a pied-a-terre plan can run into occupancy limits. Tell me the plan up front and I will keep the search inside what the rules allow.
More in Miami
Everything for Miami, FL
Helpful guides
Read before you decide
Fixed Bridges Explained: Will Your Boat Fit Under?How fixed bridge clearance, air draft and tide decide whether your boat reaches the ocean from a Fort Lauderdale dock, and what to check before you buy.Ocean Access vs. Intracoastal: What Fort Lauderdale Boaters Must KnowThe single question that decides a waterfront purchase: can your boat actually reach the ocean? A plain-English guide to access, bridges, and depth.Buying a Waterfront Home in Fort Lauderdale: The Complete ChecklistSeawalls, dock rights, flood zones, insurance, depth. The waterfront-specific checklist most agents skip. Buy the water the smart way.
FAQ
Miami luxury questions
Which part of Miami commands the highest asking prices?
They sit on the bayfront: the South Bayshore stretch of Coconut Grove, the bayfront towers in Brickell, the bay lots in Morningside and the Upper East Side, and the Biscayne and San Marco island lots. Wide water, private dockage and a bay or ocean view drive this market. Ask me which of those are trading and I will pull the live listings.
House or tower residence in Miami?
It depends on what you want to maintain. A bay lot gives you land, a dock and full control of the exterior, plus a seawall, a roof and insurance to manage. A tower gives you lock and leave with an association budget you inherit. I price both against your actual plan.
What makes one Miami bay lot worth more than the next?
Water frontage in feet, depth at the dock at low tide, whether any fixed span sits between you and the ocean, and the exposure when the wind comes out of the east. Square footage inside the house moves the number far less than those four.
Are older houses in the historic districts a problem?
Not a problem, but a different project. A 1925 house in Morningside usually has original openings, older wiring and a roof with a documented history, and exterior changes go through review. I pull the permit record and the district guidelines before you offer.
Can I search Miami listings on this site?
Yes. Active Miami homes for sale are on this site's MLS search, next to Broward. The diligence does not change. Send me the addresses and I will pull everything.
Get new Miami listings by email
Mary sends the homes that fit what you want, and answers your questions personally.
Done. Mary will be in touch shortly.
Let us talk
Shopping Miami at this level?
Tell me the budget and the must-haves. I will send the homes that fit, with the water, the building, and the carrying costs checked before you see them, in English o en español.