South Beach Condos for Sale | Miami Beach Luxury Real Estate

By Anthony Guerriero, Licensed Real Estate Broker | Manhattan Miami Real Estate | Updated January 2026

South Beach is the iconic heart of Miami Beach, a world-famous destination stretching from 5th Street north to approximately 23rd Street along Collins Avenue and Ocean Drive—known for its Art Deco Historic District, legendary nightlife, wide sandy beaches, and a dynamic mix of luxury condo towers, boutique residences, and historic conversions that attract international buyers seeking the quintessential Miami Beach lifestyle.

For the broader market context across all Miami submarkets, see all Miami apartments for sale.

Looking for South Beach condos for sale? South Beach has transformed from a faded Art Deco enclave in the 1980s into one of the world's most desirable addresses. Today, the neighborhood offers everything from affordable studios in restored Art Deco buildings to soaring luxury towers like The Setai, W South Beach, and the newly completed Five Park—Miami Beach's tallest building. Whether you're seeking a compact pied-à-terre in a historic walk-up, an oceanfront penthouse with sweeping Atlantic views, or a pre-construction opportunity on "Billionaire Beach," South Beach delivers an unparalleled combination of beach lifestyle, walkability, and global cachet. Browse condos from under $300,000 to over $150 million.

Looking for Miami Beach's most exclusive enclave? See our dedicated guide to South of Fifth condos for sale—the ultra-luxury neighborhood at the southern tip of South Beach.

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South Beach at a Glance

The South Beach Lifestyle

South Beach is synonymous with Miami—a sun-drenched, globally recognized destination where Art Deco architecture meets modern luxury, and where the beach lifestyle intersects with world-class dining, shopping, and nightlife.

Lincoln Road is the neighborhood's pedestrian-only social hub: a 10-block promenade designed by legendary architect Morris Lapidus in the 1960s featuring over 200 boutiques, restaurants, sidewalk cafés, and the architecturally acclaimed 1111 Lincoln Road parking garage by Herzog & de Meuron. The New World Center (designed by Frank Gehry) anchors the cultural scene, while the Colony Theatre and Artcenter South Florida provide year-round programming.

Ocean Drive remains the iconic strip where pastel Art Deco hotels line the beachfront, outdoor cafés spill onto sidewalks, and the energy pulses from morning jogs to late-night revelry. Notable landmarks include the Colony Hotel (the most photographed Art Deco building in Miami), the Versace Mansion (now a luxury boutique hotel called The Villa Casa Casuarina), and the Clevelander with its legendary pool scene.

Collins Avenue is the neighborhood's luxury corridor, home to high-rise condos, flagship hotels, and new developments that have reshaped the skyline over the past two decades.

Price Ranges by Property Type

Prices vary significantly based on building age, views, and whether the unit is in a boutique Art Deco building versus a luxury tower. Art Deco buildings offer South Beach's most affordable entry point with smaller units and historic charm, while Billionaire Beach pre-construction commands ultra-premium pricing.

Who Lives in South Beach

South Beach attracts a diverse mix of residents including international buyers seeking global cachet, second-home and pied-à-terre owners, nightlife and restaurant enthusiasts, beach lifestyle seekers, condo-hotel investors, art and culture lovers, and those who prioritize walkability above all else.

New Construction & Pre-Construction: "Billionaire Beach"

South Beach is experiencing a $2.5 billion renaissance along Collins Avenue from approximately 14th to 21st Streets—dubbed "Billionaire Beach" by developers. This corridor of historic Art Deco hotels is being transformed into ultra-luxury branded residences:

Note: Bulgari is a hotel-only project with no residential condominiums, but adds to the ultra-luxury corridor.

Featured South Beach Condos & Buildings

Luxury Towers

Boutique & Mid-Rise

Art Deco District Condos (Entry-Level)

South Beach's Art Deco Historic District offers the most affordable entry point into the neighborhood—small, character-filled apartments in restored 1930s–40s buildings along Ocean Drive, Collins Avenue, and Washington Avenue. These aren't luxury high-rises; they're intimate walk-up or low-rise buildings with compact floor plans, historic charm, and unbeatable locations.

What to expect: Smaller layouts (often under 800 sq ft), terrazzo floors, porthole windows, original architectural details, limited or no amenities, street parking or paid garages, and a lively street scene. Many buildings allow short-term rentals, making them popular with investors. HOA fees tend to be lower than luxury towers, but buildings vary widely in condition and reserves—due diligence is essential given Florida's condo legislation requirements.

Popular Art Deco buildings include: Decoplage (100 Lincoln Rd), Haddon Hall (1500 Collins Ave), Palmer House (1511 Collins Ave), The Marlin (1200 Collins Ave), Congress Hotel condos, and numerous smaller boutique buildings throughout the district.

Art Deco condos are ideal for buyers seeking an affordable foothold in South Beach, pied-à-terre owners who prioritize location over space, and investors targeting the short-term rental market.

West Avenue Corridor

Signature Buildings

Five Park (Completed 2024)

Five Park at 500 Alton Road is Miami Beach's tallest building at 519 feet—the first residential high-rise completed in South Beach in over a decade. Developed by Terra and GFO Investments, the 48-story tower offers 226 residences connected to the adjacent 3-acre Canopy Park featuring a Daniel Buren-designed pedestrian bridge linking residents to South of Fifth.

Amenities include the Canopy Club (residents-only social club on the 26th floor), rooftop sky bar, pool bar & café, screening room, co-working spaces, children's learning lab, and wellness lounge with personal training. The adjacent Canopy Park features a MONSTRUM playground, outdoor gym, jogging path, dog park, and art installations.

The Setai (Completed 2005)

The Setai at 2001 Collins Avenue is South Beach's original ultra-luxury condo-hotel, blending Asian hospitality with Art Deco preservation. The restored 1936 Dempsey-Vanderbilt Hotel houses the lobby and restaurants, while the 40-story modern tower rises behind with 163 residences offering one of South Beach's most refined living experiences.

Residences feature teak furnishings, black granite countertops, Kohler fixtures, and balconies with ocean views. Amenities include three infinity-edge oceanfront pools (85°, 90°, and 95°F), full-service spa, 24-hour concierge, beach service, and restaurants including Jaya (pan-Asian), Japón (Japanese), and Ocean Grill.

W South Beach (Completed 2008)

W South Beach at 2201 Collins Avenue delivers the W Hotels lifestyle in a residential format—a 20-story oceanfront tower offering luxury condos with five-star hotel services and the legendary W scene.

Residents enjoy direct beach access, expansive sun deck with pool and cabanas, beach yoga, high-tech fitness center, full-service spa, and signature restaurant Mr. Chow. The building offers flexible rental programs for owners, making it popular with investors.

Ritz-Carlton Residences South Beach (Pre-Construction 2027)

The Ritz-Carlton Residences South Beach will deliver just 30 ultra-luxury "beach houses in the sky" behind the restored Sagamore Hotel at 1671 Collins Avenue. The 15-story boutique tower brings the Ritz-Carlton residential experience to South Beach with Chef José Andrés curating the culinary program.

Amenities include 50,000+ square feet of resident spaces, private rooftop pool with Atlantic views, Technogym fitness center, private day yacht, art studio, library, and beach club with cabana service. Residents receive preferred access to The Ritz-Carlton South Beach hotel services and global Ritz-Carlton benefits.

Shore Club Private Collection (Under Construction 2027)

The Shore Club Private Collection at 1901 Collins Avenue represents a reinvention of one of Miami Beach's most storied Art Deco landmarks. Architect Robert A.M. Stern—known for Manhattan's 15 Central Park West and 220 Central Park South—is designing his first oceanfront project: a 20-story residential tower alongside the restored Shore Club hotel managed by Auberge Resorts Collection.

The development includes three components: a new 20-story tower, a lower house with duplex residences in the restored Cromwell building, and an extraordinary 6,000-square-foot single-family beach house on the sand—one of the only new beachfront homes built in Miami Beach in decades. Residents receive Auberge hotel services, Shell Bay Club membership, and access to multiple pools, spa, and beach club.

Rosewood Residences at The Raleigh (Under Construction 2027)

Rosewood Residences at The Raleigh at 1775 Collins Avenue is developer Michael Shvo's $1 billion transformation of The Raleigh—the 1940 Art Deco landmark designed by L. Murray Dixon. Architect Peter Marino is designing both the meticulous restoration of the historic hotel and a new 17-story residential tower, creating a 3-acre oceanfront compound that connects The Raleigh with the neighboring South Seas and Richmond hotels.

The property will feature The Raleigh's iconic fleur-de-lis pool (restored), the legendary Martini Bar and Tiger Room, Rosewood Asaya Spa, and a members-only beach club operated by Milan-based Langosteria. The largest penthouse—spanning 13,000 square feet—is listed at $150 million. The Raleigh was the first project on "Billionaire Beach" to secure its full site building permit.

History & Timeline

The Art Deco Historic District

South Beach contains the nation's largest concentration of Art Deco architecture—over 800 historic buildings constructed primarily between 1923 and 1943. The district, listed on the National Register of Historic Places since 1979, spans from 5th Street to 23rd Street along Ocean Drive, Collins Avenue, and Washington Avenue.

Key architectural styles include:

• Art Deco (1920s–30s): Geometric ornamentation, symmetry, bright pastels, porthole windows, terrazzo floors
• Streamline Moderne (1930s–40s): Curved corners, racing stripes, nautical motifs
• Mediterranean Revival: Spanish Colonial influences, red barrel-tile roofs
• MiMo (Miami Modern) (1950s–60s): Angular forms, cheese-hole decorations, futuristic design

The Miami Design Preservation League offers daily walking tours exploring the district's history and design elements.

Parks & Recreation

Lummus Park: The iconic 74-acre beachfront park stretching along Ocean Drive from 5th to 15th Street, featuring palm-lined walkways, beach volleyball courts, the famous lifeguard stands, and the Beach Patrol headquarters.

Flamingo Park: South Beach's largest park (36 acres) offering a public pool, tennis courts, baseball diamonds, football/soccer fields, basketball courts, playground, and the Byron Carlyle Theater. The pool complex includes lap lanes, diving boards, and a children's area.

Miami Beach Botanical Garden: A 2.6-acre urban oasis adjacent to the Miami Beach Convention Center featuring native Florida plants, Japanese garden, edible garden, and event spaces.

South Pointe Park: Located in South of Fifth but accessible to all South Beach residents—17 acres at the southern tip with Government Cut views. See our South of Fifth guide.

Dining Highlights

Lincoln Road: Lincoln Eatery (food hall), Juvia (rooftop Japanese-Peruvian-French), Mila (Mediterranean rooftop), Spris (pizza), Balans, The Cheesecake Factory

Ocean Drive: Gianni's at the Versace Mansion, A Fish Called Avalon, Mango's Tropical Café, News Café (24-hour landmark), LT Steak & Seafood

Collins Avenue: The Setai restaurants (Jaya, Japón, Ocean Grill), Mr. Chow (W South Beach), Katsuya (SLS), Matador Room

Española Way: A pedestrian village modeled after a Spanish/Mediterranean street with outdoor cafés, tapas restaurants, and galleries

2025 Market Data

South Beach led Miami Beach in year-over-year sales growth in Q1 2025, with luxury condos in buildings like The Setai and W South Beach commanding premium pricing. The "Billionaire Beach" corridor is adding significant ultra-luxury inventory, with pre-construction prices ranging from $4 million to $150 million.

Frequently Asked Questions

What is the average price of a South Beach condo? The median sale price across all South Beach condos is approximately $1.3 million as of late 2025, with the luxury segment ($1M+) averaging around $1.95 million. However, prices range dramatically: Art Deco district condos start under $300,000 for studios and $400,000 for one-bedrooms, while Billionaire Beach penthouses exceed $100 million.

Are there affordable condos in South Beach? Yes. The Art Deco Historic District offers South Beach's most accessible price points—studios from $250,000–$450,000 and one-bedrooms from $350,000–$650,000. These are smaller units (often 400–800 sq ft) in restored 1930s–40s buildings along Ocean Drive, Collins Avenue, and Washington Avenue. They lack the amenities of luxury towers but offer historic charm, walkable locations, and in many cases, short-term rental flexibility. Older mid-rise buildings like Decoplage and Roney Palace also offer relative value compared to newer luxury towers.

Is South Beach a good place to live year-round? Yes, though it depends on your lifestyle preferences. South Beach offers exceptional walkability, beach access, dining, and cultural amenities. The tradeoffs include tourist crowds (especially during Art Basel, Miami Music Week, and winter season), limited parking, and an urban beach-town vibe that's more energetic than residential suburbs. Many residents appreciate the excitement while others prefer quieter enclaves like South of Fifth or Mid-Beach.

What are the best condo buildings in South Beach? Top-tier luxury buildings include The Setai (ultra-luxury condo-hotel), W South Beach (lifestyle brand with hotel services), and Five Park (newest tower, tallest building). The "Billionaire Beach" pre-construction projects—Shore Club Private Collection (Robert A.M. Stern), Rosewood at The Raleigh (Peter Marino), and Ritz-Carlton Residences (Kobi Karp)—represent the pinnacle of upcoming luxury with prices from $4 million to $150 million. For boutique living, Il Villaggio and Monad Terrace offer distinctive design. For value with oceanfront access, Roney Palace and older Collins Avenue buildings provide entry points.

Can I rent out my South Beach condo? Rental policies vary significantly by building. Condo-hotels like The Setai and W South Beach offer flexible hotel rental programs, making them popular with investors. Many traditional condos restrict rentals to once or twice per year with minimum lease terms of 6–12 months. New developments like Five Park have varying restrictions by floor. Always verify rental policies before purchasing if investment income is a priority.

Is South Beach walkable? Extremely. South Beach scores 94 (Walker's Paradise) on Walk Score. Lincoln Road, Ocean Drive, Collins Avenue, and Washington Avenue provide pedestrian-friendly corridors with restaurants, shops, and services. The beach itself is accessible from nearly any point in the neighborhood. Many residents live car-free or use vehicles only for trips outside the neighborhood.

What's the difference between South Beach and South of Fifth? South of Fifth (SoFi) is the ultra-luxury enclave at the southern tip of South Beach, below 5th Street. While technically part of South Beach, SoFi has a distinct identity: quieter, more residential, significantly more expensive, and home to trophy buildings like Apogee, Continuum, and Glass. See our complete South of Fifth guide.

Are there new construction options in South Beach? Yes—South Beach is experiencing its most significant development wave in decades. The "Billionaire Beach" corridor along Collins Avenue (14th–21st Streets) includes four major residential projects: Shore Club Private Collection (49 units, Robert A.M. Stern, 2027), Rosewood Residences at The Raleigh (44 units, Peter Marino, 2027), Ritz-Carlton Residences (30 units, Kobi Karp, 2027), and Five Park (226 units, completed 2024). These projects represent approximately $2.5 billion in investment. Pre-construction opportunities remain at Shore Club, Rosewood, and Ritz-Carlton, with prices ranging from $4 million to over $150 million.

How far is South Beach from the airport? Miami International Airport (MIA) is approximately 20–25 minutes from South Beach without traffic, though rush hour can extend this to 45+ minutes. The neighborhood is well-served by rideshare, taxi, and private car services.

What is "Billionaire Beach"? Billionaire Beach is the nickname for the Collins Avenue corridor from approximately 14th to 21st Streets, where over $2.5 billion is being invested to transform historic Art Deco hotels into ultra-luxury branded residences and hotels. Major projects include Rosewood at The Raleigh (Peter Marino design), Shore Club Private Collection (Robert A.M. Stern), Ritz-Carlton Residences (Kobi Karp), and the Bulgari Hotel. Condos in this corridor are priced from $4 million to over $150 million, with the top Shore Club penthouse selling for approximately $120 million.

Is South Beach safe? Yes, particularly in residential areas and luxury buildings. Like any urban destination, standard city awareness applies—especially late at night on Ocean Drive. Luxury condo buildings provide 24-hour security, doormen, and controlled access.

What cultural attractions are in South Beach? The New World Center (Frank Gehry-designed concert hall, home of New World Symphony), The Bass Museum of Art, Colony Theatre, Miami Beach Botanical Garden, Art Deco Welcome Center, and numerous galleries. South Beach hosts Art Basel Miami Beach each December, transforming the neighborhood into a global art fair.

How does South Beach compare to Brickell or Downtown Miami? South Beach offers beach lifestyle, walkability, and historic charm on a barrier island, while Brickell/Downtown provide urban high-rise living connected to Miami's financial district. South Beach attracts international buyers, second-home owners, and those prioritizing beach access; Brickell attracts young professionals, finance workers, and primary-residence buyers seeking urban convenience. South Beach is generally more expensive per square foot than Brickell but offers different lifestyle trade-offs.

What is Lincoln Road? Lincoln Road is South Beach's iconic pedestrian-only promenade stretching 10 blocks from the Atlantic to the bay. Designed by Morris Lapidus in the 1960s, it features over 200 shops, restaurants, and cafés. The New World Center anchors the cultural scene, while farmers markets (Sundays) and antique markets draw weekly crowds. It's the social heart of South Beach.

South Beach vs South of Fifth Comparison

Explore More Miami Beach Neighborhoods

• South of Fifth Condos for Sale — Ultra-luxury enclave at the tip of Miami Beach
• Mid-Beach Condos for Sale — Faena District to Fontainebleau corridor
• Fisher Island Condos for Sale — Exclusive private island community
• Surfside Condos for Sale — Quiet beachfront village

Explore Mainland Miami

• Brickell Condos for Sale — Miami's financial district high-rises
• Downtown Miami Condos for Sale — Arts & Entertainment District
• Edgewater Condos for Sale — Bayfront new construction
• Coconut Grove Condos for Sale — Village charm with Four Seasons

Why Work With Manhattan Miami for South Beach Real Estate

Manhattan Miami Real Estate specializes in luxury properties across South Beach, from historic Art Deco conversions to the newest ultra-luxury towers. Our multilingual team serves domestic and international buyers with expertise in condo-hotel investments, pre-construction opportunities, and resales in buildings like The Setai, W South Beach, Five Park, and the upcoming Ritz-Carlton Residences.

Anthony Guerriero | Licensed Broker, Manhattan Miami Real Estate Contact Us | (305) 988-7770

Last updated: January 2026. Market data sourced from Miami Association of Realtors, CondoBlackBook, and MLS. Prices and availability subject to change.

Where to Go Next

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South Beach Market Snapshot

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Editorial Q&A

South Beach: Quick Answers

Editorial commentary from Manhattan Miami Real Estate. For tailored analysis on a specific block, building, or transaction profile, schedule a confidential consultation.