Luxury condominiums in Miami Beach: prices, rent and yield

Luxury in South Florida › Miami Beach

Three different markets that share a name. South Beach is the tourist and nightlife core, Mid-Beach is the quieter oceanfront rebuild, and North Beach is the cheapest way into a Miami Beach address.

The numbers, submarket by submarket

Price, price per square foot, days on market, months of supply and the sale-to-list ratio: Redfin Data Center, July 2026. Typical rent: Zillow. Gross yield and the estimated tax are our own arithmetic — rent times twelve over the median price, and the county’s official millage from the Florida Department of Revenue applied to the area’s median value with the homestead exemption. We calculate the yield rather than importing it so that this page and our market statistics can never disagree. Refreshed every month.

What it does well

North Beach is the best gross yield of all nine submarkets and the lowest entry price. That is not a coincidence: it is older stock in buildings with more deferred maintenance, and the yield is partly compensation for that.

What to check before you offer

In Miami Beach the building matters more than the neighbourhood. Since the 2022 condominium reforms, the milestone inspection report and the structural reserve study are the two documents that decide whether a building is a good buy or a special assessment waiting to happen. We read both before you offer.

How it compares

Across the nine South Florida luxury submarkets we track, Miami Beach ranks 1st on gross yield. The best of the nine is North Beach at 7.51%; the whole comparison is on the luxury overview, and every Florida area we measure is on the market statistics page.

The other submarkets