Luxury Homes in South Miami, FL

There are 25 luxury homes for sale in South Miami, Florida right now, priced from $1M to $6.3M. The median list price is $2,595,000. That puts this segment 128% above the overall South Miami median of $1,137,000 across 46 active listings.

These homes average 2,606 square feet of living area on lots averaging 0.24 acres. Average pricing runs $1,040 per square foot versus $892 citywide. The median year built is 1973. 68% of them include a private pool.

This segment averages 149 days on market, 31 days longer than the South Miami average of 118. The median closed-sale price in South Miami is $925,000. Deals close at 96.4% of list price. The absorption rate is 10.3%.

The largest concentration is in Merion Park, with 3 available listings. The rest is spread across 19 other communities and 3 ZIP codes.

At this tier a meaningful share of inventory trades off-market or with delayed MLS exposure. Comparable sales are thin, so pricing depends on recent closings in the specific enclave rather than city-wide averages.

María Delgado works the South Florida market daily and can send you the full list with photos, association documents and recent comparables — in English or Spanish.