Miami is known for its many things, including sea views, fantastic food and sophisticated waterfront homes. It transforms into a playground for the wealthy, with high-end condominiums and luxurious estates lined up along the coast. The entire Florida coast is actually home to the share of the lion, the country’s most expensive property. Many of them are beachside mansions and penthouse condos.
However, Florida is looking at the calculations in the housing market. Surges in insurance costs, HOA fees and climate risks have set buyers aside and encourage sellers to list. Currently, sellers are far ahead of buyers and are pushing prices down. Condos are already beginning to lose popularity nationwide, and in Miami, almost all are below list prices.
Still, people continue to move to the area due to the weather and culture and continue to invest in the real estate market. According to Redfin data, there was Miami’s most expensive home sales in May.
Most Expensive Home Sales in Miami: May 2025
1. 7012 Dr. Fisher Island #7012, Miami Beach, FL 33109
Selling price: $16,200,000 List price: $18,000,000
Located on exclusive Fisher Island, this waterfront condo offers direct bay views and private elevator access. It has 4,698 square feet of four bedrooms and 4.5 bathrooms.
Selling price: $14,800,000 List price: $14,900,000
Located at Four Seasons Residences, this vast penthouse offers unobstructed views of the ocean, the bay and the Miami skyline. The 7,438 square feet home has four bedrooms and four bathrooms.
Selling price: $12,500,000 List price: $13,250,000
This 15th floor condo offers panoramic views of the marina and Biscayne Bay. The 3,247-square-foot residence includes four bedrooms and a 5.5 bathroom.
Selling price: $9,100,000 List price: $12,500,000
This 6,803-square-foot modern estate is located near Coconut Grove’s exclusive Ye Little Wood and includes a separate one-bedroom guesthouse with an office. Designed by architect Roney Mateu, the main home features five bedrooms and a 6.5 bathroom.
Selling price: $8,995,000 List price: $9,750,000
Located in Pinecrest’s exclusive Stritter Estate, this two-storey residence offers vast living in a 37,990-square-foot lot. The 8,257-square-foot home includes eight bedrooms and a 9.5 bathroom.
Selling price: $8,910,000 List price: $13,770,000
Built in 1940, this 2,340-square-foot home is located on the western edge of Palm Island, offering a wide bay and city views. It has 4 bedrooms, 4.5 bathrooms, original wood and travertine floors and a poolside deck.
Selling price: $7,750,000 List price: $9,300,000
This 48th floor duplex at Aston Martin Residence offers five bedrooms and six bathrooms on 4,434 square feet. It offers two oceanfront terraces, soaring ceilings and views between the cities.
Selling price: $7,700,000 List price: $8,395,000
The newly completed one-storey property at Pinecrest offers 6,721 square feet of living space in a 0.88-acre lot. Built in 2023, this bedroom has a 7.5 bathroom, a custom Italian kitchen and a large pool with two terraces.
Selling price: $7,350,000 List price: $9,500,000
Designed by Giorgio Bali, this 8,187-square-foot estate is located on almost acres and includes a guesthouse with cabana baths. It has 7 bedrooms, 7.5 bathrooms, an elevator and a summer kitchen.
Selling price: $6,545,000 List price: $6,495,000
Located in Ponce Davis Neighborhood, this 4,507-square-foot home offers four bedrooms and a 4.5 bathroom. Built in 2012, it includes a first-floor primary suite and a chef’s kitchen.
