Miami Beach is still a hot spot for real estate, with demand for waterfront properties continuing to drive prices up. In 2022, the median home value in Miami Beach was $738,500, a 7.5% increase from the previous year. The median listing price per square foot was $832, up 15.6% from the previous year. The market is still very competitive, with many homes selling above asking price.
Canyon Ranch Living and The Setai South Beach are still highly desirable residential options in Miami Beach. As of 2022, the median sale price for a condo at Canyon Ranch Living was $1.2 million, while at The Setai South Beach it was $2.4 million. Both properties continue to offer luxury amenities and prime locations.
Fisher Island remains an exclusive and high-end community, with homes and condos selling for millions of dollars. The median sale price for a home on Fisher Island was $5.5 million in 2022. The island continues to offer a private and luxurious lifestyle, with top-notch amenities and schools.
In summary, Miami Beach’s real estate market is still going strong with prices continuing to rise. The area offers a diverse selection of luxury properties to choose from, with something for everyone’s taste and budget. Whether you’re looking for waterfront living, Asian-inspired luxury, or a private island oasis, Miami Beach has it all.
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