Miami-Dade Luxury Market Sees $31.5 Million Condo Top Contracts

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Miami-Dade Luxury Market Sees $31.5 Million Condo Top Contracts

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Miami-Dade County’s luxury real estate market continues to demonstrate strong activity, highlighted by a significant condo contract in Surfside. A unit at the Four Seasons Residences at The Surf Club, with an asking price of $31.5 million, led the luxury residential contracts signed between August 3 and August 9. This particular 5,000-square-foot condo, unit S-1003, features four bedrooms, five bathrooms, and one half-bath. It was listed in early June with the $31.5 million asking price and previously sold for approximately $18.35 million in July 2025, indicating a substantial potential gain for the sellers if it closes near the asking price.

Overall, the week saw 14 luxury contracts worth $4 million or more go under contract in Miami-Dade, totaling $135.8 million in asking dollar volume. These properties spent an average of 148 days on the market. Of these, eight were single-family homes with a total asking dollar volume of $66.6 million, averaging 95 days on the market. The most expensive single-family home was a 6,000-square-foot mansion in Bay Harbor Islands, asking $22 million. Six condo contracts were also signed, totaling $69.2 million in asking dollar volume and spending an average of 219 days on the market.

The luxury market in Miami-Dade, particularly for condominiums, has shown strengthening in the second quarter of 2026, with sales of condos at $1 million and above increasing by 12% year-over-year. While inventory for luxury condos has declined by 14% to 2,509 units, it still offers more selection than the single-family market. Brickell, in particular, has emerged as a significant hub for luxury condos, attracting both domestic and international buyers. New construction and pre-construction units in Brickell are seeing strong absorption, with international investors accounting for over 50% of purchases.

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