Miami is known for many things: ocean views, great food, and sleek waterfront homes. It’s turned into a playground for the wealthy, with high-end condos and lavish estates lining the coast. Coastal Florida as a whole is actually home to a lion’s share of the nation’s most expensive properties – many of which are seaside mansions or penthouse condos.
However, Florida is seeing a reckoning in its housing market. Surging insurance costs, HOA fees, and climate risks are sidelining buyers and prompting sellers to list. Now, sellers far outnumber buyers, pushing prices down. Condos have already started declining in popularity nationwide, and in Miami, nearly all sell below list price.
Even so, people continue to move to the area for its weather, culture, or to invest in the real estate market. Here were the most expensive home sales in Miami in May, according to data from Redfin.
The most expensive home sales in Miami: May 2025
1. 7012 Fisher Island Dr. #7012, Miami Beach, FL 33109
- Sale price: $16,200,000
- List price: $18,000,000
Situated on exclusive Fisher Island, this waterfront condo offers direct bay views and private elevator access. It has 4 bedrooms and 4.5 bathrooms across 4,698 square feet.
- Sale price: $14,800,000
- List price: $14,900,000
Located in the Four Seasons Residences, this expansive penthouse offers unobstructed views of the ocean, bay, and Miami skyline. Spanning 7,438 square feet, the home has 4 bedrooms and 4 bathrooms.
- Sale price: $12,500,000
- List price: $13,250,000
This 15th-floor condo has panoramic views of the marina and Biscayne Bay. The 3,247-square-foot residence includes 4 bedrooms and 5.5 bathrooms.
- Sale price: $9,100,000
- List price: $12,500,000
This 6,803-square-foot modern estate sits in Coconut Grove’s exclusive Ye Little Wood neighborhood and includes a separate 1-bedroom guesthouse with an office. Designed by architect Roney Mateu, the main home has 5 bedrooms and 6.5 bathrooms.
- Sale price: $8,995,000
- List price: $9,750,000
Located in Pinecrest’s exclusive Stritter Estates, this two-story residence offers expansive living on a 37,990-square-foot lot. The 8,257-square-foot home includes 8 bedrooms and 9.5 bathrooms.
- Sale price: $8,910,000
- List price: $13,770,000
Built in 1940, this 2,340-square-foot home sits on the western edge of Palm Island with wide bay and city views. It has 4 bedrooms, 4.5 bathrooms, original wood and travertine floors, and a poolside deck.
- Sale price: $7,750,000
- List price: $9,300,000
This 48th-floor duplex in the Aston Martin Residences has 5 bedrooms and 6 bathrooms across 4,434 square feet. It features two oceanfront terraces, soaring ceilings, and city-to-sea views.
- Sale price: $7,700,000
- List price: $8,395,000
This newly completed one-story estate in Pinecrest offers 6,721 square feet of living space on a 0.88-acre lot. Built in 2023, it features 7 bedrooms, 7.5 bathrooms, a custom Italian kitchen, and a large pool with two terraces.
- Sale price: $7,350,000
- List price: $9,500,000
Designed by Giorgio Balli, this 8,187-square-foot estate sits on nearly an acre and includes a guest house with cabana bath. It has 7 bedrooms, 7.5 bathrooms, an elevator, and a summer kitchen.
- Sale price: $6,545,000
- List price: $6,495,000
Located in the Ponce Davis neighborhood, this 4,507-square-foot home features 4 bedrooms and 4.5 bathrooms. It was built in 2012 and includes a first-floor primary suite and chef’s kitchen.
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