Market Insights for Miami Beach New Construction Homes For Sale

As of 03-29-2024

For Sale

  • Active For Sale63
  • Average Price$19,731,790
  • Average Price / Sqft$2,903
  • Average Days on Market208
  • 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 Market183
  • 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 Market294
  • 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 / 1 540
6445 Allison Rd
INDIAN CREEK SUB
$17,450,000 $0 (0%) 7,000 $2,493 6 / 7 / 2 42
1031 W 48th St
4701 NORTH MERIDIAN CONDO
$10,950,000 $0 (0%) 0 0 4 / 4 / 1 100
7830 Atlantic Way
ALTOS DEL MAR NO 1
$5,595,000 $0 (0%) 3,623 $1,544 3 / 3 / 1 259
5180 La Gorce Dr
BEACH VIEW SUB
$4,895,000 $405,000 (-7.64%) 3,911 $1,252 4 / 3 / 1 79
5245 N Bay Rd
LA GORCE GOLF SUB
$4,750,000 $0 (0%) 2,925 $1,624 4 / 4 / 1 191
2210 Alton Rd
AMD PLAT OF SUNSET LAKE S
$3,200,000 $0 (0%) 3,663 $874 4 / 5 / 0 71

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 / 1 484
5718 N Bay Rd
La Gorce Golf
$52,500,000 $40,000,000 $12,500,000 (-23.81%) 7,767 $5,150 7 / 8 / 2 158
1081 W 48th St
Ritz Carlton Residences
$13,900,000 $10,890,000 $3,010,000 (-21.65%) 0 0 4 / 4 / 1 297
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 / 0 302
Address Not Available
$16,000,000 $13,500,000 $2,500,000 (-15.63%) 5,506 $2,452 6 / 6 / 1 78
508 W Dilido Dr
DI LIDO ISLAND
$23,500,000 $19,950,000 $3,550,000 (-15.11%) 5,501 $3,627 4 / 4 / 1 185
2000 N Bay Rd
SUNSET LAKE
$17,850,000 $15,385,000 $2,465,000 (-13.81%) 5,706 $2,696 4 / 4 / 1 53
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 / 1 119
5840 N Bay Rd
LA GORCE GOLF SUB
$33,900,000 $29,520,000 $4,380,000 (-12.92%) 0 0 0 / 0 / 0 415
2211 Meridian Ave
MID GOLF SUB
$8,900,000 $7,950,000 $950,000 (-10.67%) 4,680 $1,699 5 / 6 / 0 204
320 S Hibiscus Dr
HIBISCUS ISLAND
$37,500,000 $33,500,000 $4,000,000 (-10.67%) 7,818 $4,285 7 / 7 / 1 148
1417 N Venetian Way
SAN MARCO
$30,000,000 $27,500,000 $2,500,000 (-8.33%) 8,242 $3,337 6 / 6 / 1 661
5180 La Gorce Dr
BEACH VIEW SUB
$5,300,000 $4,895,000 $405,000 (-7.64%) 3,911 $1,252 4 / 3 / 1 79
222 S Coconut Ln
PALM ISLAND
$14,900,000 $13,900,000 $1,000,000 (-6.71%) 4,507 $3,084 5 / 4 / 1 24
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 88
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 85
2456 Prairie Ave
MID GOLF SUB
$10,200,000 $9,800,000 $400,000 (-3.92%) 4,330 $2,263 6 / 6 / 0 655
7833 Atlantic Way
ALTOS DEL MAR NO 1
$26,500,000 $25,900,000 $600,000 (-2.26%) 6,249 $4,145 7 / 9 / 1 617

Copyright © 2020 © 2020 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. The information contained herein is deemed accurate but not guaranteed. Pricing subject to change without notice.. All rights reserved.