Luxury · Perozo Molina Group
Luxury condominiums in Miami Beach: prices, rent and yield
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.
Median $399,9117.51% gross yieldData for July 2026
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
| Submarket | Median sale price | $/sq ft | Typical rent | Gross yield | Estimated tax a year | Days on market | Months of supply | Sale price vs asking |
|---|---|---|---|---|---|---|---|---|
| South BeachMiami-Dade County | $507,387 | $599 | $2,928 | 6.92% | $9,381 | 145 | 8.2 | 94.0% |
| Mid-BeachMiami-Dade County | $789,825 | $640 | $3,694 | 5.61% | $14,603 | 168 | 8.1 | 92.6% |
| North BeachMiami-Dade County | $399,911 | $405 | $2,504 | 7.51% | $7,394 | 140 | 10.2 | 94.1% |
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
Perozo Molina Group · +1 689 680 1112 · WhatsApp +1 689 680 1112 · perozomolina.com
A real estate team at Miami New Realty, a licensed Florida real estate brokerage (licence CQ1020974), 2470 NW 102 PL Suite 107, Doral, FL 33172. This is an estimate, not a quote. The figures come from the sources named on the page this was printed from. Nothing here is tax or legal advice.