Market Insights for Miami Beach New Construction Homes For Sale

As of 03-28-2024

For Sale

  • Active For Sale63
  • Average Price$19,731,790
  • Average Price / Sqft$2,903
  • Average Days on Market207
  • Largest Price Reduction$12,500,000
  • Largest Price Increase$9,500,000

Pending Sales

  • Pending For Sale7
  • Average Price$10,834,286
  • Average Price / Sqft$2,058
  • Average Days on Market182
  • Largest Price Reduction$405,000
  • Largest Price Increase$0

Closed Sales

  • Sold (Last 180 Days)14
  • Average Price$10,802,857
  • Average Price / Sqft$1,687
  • Average Days on Market293
  • Largest Price Reduction$11,000,000
  • Largest Price Increase$-5,000

Recent Sales

Address Closed Price List Price Price Change Sq Ft $/Sq Ft Beds/Baths Closing Date
100 W San Marino Dr
SAN MARINO ISLAND
$22,500,000 $22,900,000 $400,000 (-1.75%) 5,165 $4,356 5 / 7 / 0 2024-03-01
2225 Meridian Ave
MID GOLF SUB
$5,000,000 $5,250,000 $250,000 (-4.76%) 3,353 $1,491 4 / 3 / 1 2024-02-27
3700 Royal Palm Ave
ORCHARD SUB 2 & 3
$2,450,000 $2,600,000 $150,000 (-5.77%) 4,126 $594 6 / 6 / 1 2024-02-20
5262 La Gorce Dr
BEACH VIEW SUB
$1,905,000 $1,999,999 $94,999 (-4.75%) 3,686 $517 4 / 4 / 1 2024-01-12
2355 N Meridian Ave
MID GOLF SUB
$8,700,000 $9,750,000 $1,050,000 (-10.77%) 5,200 $1,673 5 / 6 / 1 2024-01-10
4301 Prairie Ave
ORCHARD SUB NO 4
$5,940,000 $6,590,000 $650,000 (-9.86%) 3,961 $1,500 5 / 4 / 1 2024-01-09
5956 Pine Tree Dr
BEACH VIEW ADDN
$3,000,000 $3,390,000 $390,000 (-11.5%) 2,673 $1,122 5 / 4 / 1 2023-12-22
3168 Prairie Ave
MID GOLF SUB 1ST ADDN
$3,200,000 $3,490,000 $290,000 (-8.31%) 5,846 $547 7 / 8 / 1 2023-11-28
4495 N Jefferson Ave
NAUTILUS EXTENSION 5TH
$6,100,000 $6,790,000 $690,000 (-10.16%) 4,200 $1,452 6 / 6 / 1 2023-10-31
2499 N Meridian Ave
MID GOLF SUB
$10,750,000 $11,450,000 $700,000 (-6.11%) 5,151 $2,087 6 / 6 / 1 2023-10-10
27 Star Island Dr
CORRECTED PL OF STAR ISLA
$57,000,000 $68,000,000 $11,000,000 (-16.18%) 19,778 $2,882 9 / 12 / 0 2023-09-14
Address Not Available
$9,000,000 $9,995,000 $995,000 (-9.95%) 6,491 $1,387 7 / 7 / 1 2023-09-12
1425 Bay Rd
ALTON BEACH BAY FRONT RE-
$2,695,000 $2,700,000 $5,000 (-0.19%) 0 0 0 / 0 / 0 2023-09-11
1485 Cleveland Rd
BISCAYNE POINT
$13,000,000 $13,500,000 $500,000 (-3.7%) 5,600 $2,321 6 / 6 / 1 2023-09-06

Pending Sales

Address List Price Price Change Sq Ft $/Sq Ft Beds/Baths Days Listed
416 W San Marino Dr
SAN MARINO ISLAND
$29,000,000 $0 (0%) 6,357 $4,562 5 / 6 / 1 539
6445 Allison Rd
INDIAN CREEK SUB
$17,450,000 $0 (0%) 7,000 $2,493 6 / 7 / 2 41
1031 W 48th St
4701 NORTH MERIDIAN CONDO
$10,950,000 $0 (0%) 0 0 4 / 4 / 1 99
7830 Atlantic Way
ALTOS DEL MAR NO 1
$5,595,000 $0 (0%) 3,623 $1,544 3 / 3 / 1 258
5180 La Gorce Dr
BEACH VIEW SUB
$4,895,000 $405,000 (-7.64%) 3,911 $1,252 4 / 3 / 1 78
5245 N Bay Rd
LA GORCE GOLF SUB
$4,750,000 $0 (0%) 2,925 $1,624 4 / 4 / 1 190
2210 Alton Rd
AMD PLAT OF SUNSET LAKE S
$3,200,000 $0 (0%) 3,663 $874 4 / 5 / 0 70

Largest Price Reductions

Address New Price List Price Price Change Sq Ft $/Sq Ft Beds/Baths Days Listed
2051 N Bay Rd
AMD PLAT OF SUNSET LAKE S
$14,995,000 $7,899,000 $7,096,000 (-47.32%) 3,575 $2,210 4 / 5 / 1 483
5718 N Bay Rd
La Gorce Golf
$52,500,000 $40,000,000 $12,500,000 (-23.81%) 7,767 $5,150 7 / 8 / 2 157
1081 W 48th St
Ritz Carlton Residences
$13,900,000 $10,890,000 $3,010,000 (-21.65%) 0 0 4 / 4 / 1 296
3166 N Bay Rd
AMD PLAT OF SUNSET LAKE S
$15,990,000 $12,600,000 $3,390,000 (-21.2%) 6,434 $1,958 6 / 7 / 0 301
Address Not Available
$16,000,000 $13,500,000 $2,500,000 (-15.63%) 5,506 $2,452 6 / 6 / 1 77
508 W Dilido Dr
DI LIDO ISLAND
$23,500,000 $19,950,000 $3,550,000 (-15.11%) 5,501 $3,627 4 / 4 / 1 184
2000 N Bay Rd
SUNSET LAKE
$17,850,000 $15,385,000 $2,465,000 (-13.81%) 5,706 $2,696 4 / 4 / 1 52
1500 W 23rd St
SUNSET ISLANDS-ISLAND NO
$33,000,000 $28,500,000 $4,500,000 (-13.64%) 6,011 $4,741 6 / 6 / 1 118
5840 N Bay Rd
LA GORCE GOLF SUB
$33,900,000 $29,520,000 $4,380,000 (-12.92%) 0 0 0 / 0 / 0 414
2211 Meridian Ave
MID GOLF SUB
$8,900,000 $7,950,000 $950,000 (-10.67%) 4,680 $1,699 5 / 6 / 0 203
320 S Hibiscus Dr
HIBISCUS ISLAND
$37,500,000 $33,500,000 $4,000,000 (-10.67%) 7,818 $4,285 7 / 7 / 1 147
1417 N Venetian Way
SAN MARCO
$30,000,000 $27,500,000 $2,500,000 (-8.33%) 8,242 $3,337 6 / 6 / 1 660
5180 La Gorce Dr
BEACH VIEW SUB
$5,300,000 $4,895,000 $405,000 (-7.64%) 3,911 $1,252 4 / 3 / 1 78
222 S Coconut Ln
PALM ISLAND
$14,900,000 $13,900,000 $1,000,000 (-6.71%) 4,507 $3,084 5 / 4 / 1 23
3172 N Bay Rd
AMD PLAT OF SUNSET LAKE S
$13,700,000 $12,990,000 $710,000 (-5.18%) 5,248 $2,475 6 / 6 / 0 87
5310 N Bay Rd
LA GORCE GOLF SUB
$31,500,000 $29,900,000 $1,600,000 (-5.08%) 8,540 $3,501 6 / 8 / 1 84
2456 Prairie Ave
MID GOLF SUB
$10,200,000 $9,800,000 $400,000 (-3.92%) 4,330 $2,263 6 / 6 / 0 654
7833 Atlantic Way
ALTOS DEL MAR NO 1
$26,500,000 $25,900,000 $600,000 (-2.26%) 6,249 $4,145 7 / 9 / 1 616
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