South Beach, Miami Beach — Waterfront median price jumped 42% to $22 Million in the 3rd Quarter of 2026 while non-waterfront homes pricing held on.
South Beach is not one market — it is two markets. Waterfront and non-waterfront tell two very different stories, and the 3rd Quarter data makes that divide clearer than ever.
In this video I break down exactly what happened in the South Beach homes market in the 3rd Quarter of 2026:
Month by month, Year to Date (1st Quarter vs 2nd Quarter vs 3rd Quarter), and what it all means for buyers and sellers right now.
And here are the numbers...
đź“Š Total Closings:
3rd Quarter 2026 = 22
đź“Š Closed Sales:
Non-Waterfront Homes = 11
Waterfront Homes = 11
đź“Š Price Per Square Foot:
Non-Waterfront = $1,181
Waterfront = $3,919
đź“Š Median Sold Price:
Non-Waterfront = $2,800,000
Waterfront = $22,000,000
đź“Š Months of Supply:
Non-Waterfront = 6
Waterfront = 7
🏆 Top Sale of the Quarter:
$40 Million — a Palm Island waterfront land assembly, over 1.5 acres (60,000 square feet) of direct waterfront land. Even though there was a home on this property, word on the street is was purchased as a land assembly.
đź“Ť I cover South Beach and a few other Miami neighborhoods I specialize in with real data, real numbers, and 20 years of experience behind every stat I share.
âť“ Questions about buying or selling in South Beach? Reach out directly. I am always happy to help.
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