MIAMI LUXHomes

Miami Beach Homes for Sale under $5M

1,768 listings

Live MLS inventory in Miami Beach, updated continuously.

4354 Alton Rd, Miami Beach, FL 33140
$3,399,000
4 bd · 4 ba · 2,874 sqft
4354 Alton Rd, Miami Beach, FL 33140
NAUTILUS SUB
1930 Bay Dr # PH 2, Miami Beach, FL 33141
$3,375,000
3 bd · 4 ba · 2,551 sqft
1930 Bay Dr # PH 2, Miami Beach, FL 33141
COSABELLA ON THE BAY
1155 S Biscayne Point Rd, Miami Beach, FL 33141
$3,325,000
4 bd · 4 ba · 2,842 sqft
1155 S Biscayne Point Rd, Miami Beach, FL 33141
BISCAYNE POINT
5875 Collins Ave # 502, Miami Beach, FL 33140
$3,300,000
3 bd · 4 ba · 1,725 sqft
5875 Collins Ave # 502, Miami Beach, FL 33140
Mei
4595 N Jefferson Ave, Miami Beach, FL 33140
$3,300,000
4 bd · 3 ba · 3,012 sqft
4595 N Jefferson Ave, Miami Beach, FL 33140
NAUTILUS EXTENSION 5TH
1470 16th St # 501, Miami Beach, FL 33139
$3,299,000
3 bd · 3 ba · 1,974 sqft
1470 16th St # 501, Miami Beach, FL 33139
ANACAPRI SOUTH BEACH
500 alton  rd # 3604, Miami Beach, FL 33139
$3,250,000
2 bd · 3 ba · 1,434 sqft
500 alton rd # 3604, Miami Beach, FL 33139
Five Park
5244 Alton Rd, Miami Beach, FL 33140
$3,250,000
4 bd · 4 ba · 3,833 sqft
5244 Alton Rd, Miami Beach, FL 33140
LA GORCE GOLF SUB
9 Island Ave # 2207, Miami Beach, FL 33139
$3,250,000New
2 bd · 3 ba · 1,778 sqft
9 Island Ave # 2207, Miami Beach, FL 33139
Nine Island Avenue Condo
545 S Shore Dr, Miami Beach, FL 33141
$3,249,999
4 bd · 5 ba · 3,003 sqft
545 S Shore Dr, Miami Beach, FL 33141
NORMANDY GOLF COURSE
3758 Prairie Ave, Miami Beach, FL 33140
$3,200,000
4 bd · 3 ba · 2,525 sqft
3758 Prairie Ave, Miami Beach, FL 33140
MID GOLF SUB 1ST ADDN
1445 16th St # 602, Miami Beach, FL 33139
$3,200,000
3 bd · 3 ba · 1,842 sqft
1445 16th St # 602, Miami Beach, FL 33139
CAPRI SOUTH BEACH CONDO
450 Alton Rd # 2610, Miami Beach, FL 33139
$3,200,000
2 bd · 2 ba · 1,370 sqft
450 Alton Rd # 2610, Miami Beach, FL 33139
Icon south beach
100 Lincoln Rd # PH4, Miami Beach, FL 33139
$3,199,000
3 bd · 3 ba · 1,900 sqft
100 Lincoln Rd # PH4, Miami Beach, FL 33139
The Decoplage
2301 Collins Ave # 1009, Miami Beach, FL 33139
$3,195,000
2 bd · 2 ba · 1,480 sqft
2301 Collins Ave # 1009, Miami Beach, FL 33139
RONEY PALACE CONDO
265 Fairway Dr, Miami Beach, FL 33141
$3,189,000New
4 bd · 4 ba · 2,509 sqft
265 Fairway Dr, Miami Beach, FL 33141
NORMANDY GOLF COURSE
2901 Indian Creek # 304/404 Duplex, Miami Beach, FL 33140
$3,100,000
3 bd · 4 ba · 1,710 sqft
2901 Indian Creek # 304/404 Duplex, Miami Beach, FL 33140
29 Indian Creek
2301 Collins Ave # 634/635, Miami Beach, FL 33139
$3,100,000
2 bd · 3 ba · 1,640 sqft
2301 Collins Ave # 634/635, Miami Beach, FL 33139
Roney Palace
5824 Alton Rd, Miami Beach, FL 33140
$3,100,000
4 bd · 4 ba · 2,932 sqft
5824 Alton Rd, Miami Beach, FL 33140
LA GORCE GOLF SUB
1735 Michigan Ave, Miami Beach, FL 33139
$3,080,000
3 bd · 3 ba · 1,815 sqft
1735 Michigan Ave, Miami Beach, FL 33139
PALM VIEW SUB
4391 Collins Ave # 913/914, Miami Beach, FL 33140
$3,059,000
2 bd · 3 ba · 1,461 sqft
4391 Collins Ave # 913/914, Miami Beach, FL 33140
Fontainebleau III
300 Collins Ave # 3D, Miami Beach, FL 33139
$3,000,000
2 bd · 3 ba · 1,402 sqft
300 Collins Ave # 3D, Miami Beach, FL 33139
300 Collins Condo
650 West Ave # PH01, Miami Beach, FL 33139
$2,999,999
2 bd · 3 ba · 1,456 sqft
650 West Ave # PH01, Miami Beach, FL 33139
THE FLORIDIAN CONDO
1500 Ocean Drive # 1003, Miami Beach, FL 33139
$2,998,000
3 bd · 3 ba · 1,740 sqft
1500 Ocean Drive # 1003, Miami Beach, FL 33139
The Michael Graves

Homes for Sale under $5M in Miami Beach — A Local's Guide

Miami Beach runs from South of Fifth's luxury enclave through the Art Deco district to Mid-Beach's resort row and North Beach's neighborhood blocks. The island trades on sand and scarcity: supply is capped by water on both sides, and the buildings range from 1930s gems to branded residences over five-star hotels.

Capping the search at $5.0M turns the Miami Beach market into a value hunt — and value here hides in specific pockets: an older building with fees that undersell its location, a property type the market overlooks, a block one street off the prime grid. Known for the Art Deco district, oceanfront resort residences and South of Fifth, Miami Beach always has a below-the-radar corner; this page keeps every listing under the cap in one view so it can't hide.

Miami Beach Market Snapshot

1,901
Homes sold, last 12 months
$590K
Median sale price
84 days
Median time on market

Frequently Asked Questions

What can I actually buy in Miami Beach under $5.0M?

The honest inventory is on this page, updated continuously — and the mix shifts month to month. As a rule, condos stretch a capped budget furthest, townhomes buy space, and houses under a cap trade fastest. We'll tell you plainly which listings are priced low for a reason.

Are there hidden costs beyond the price in Miami Beach?

Budget association fees on condos and townhomes, insurance that varies with roof age and flood zone, and Florida's closing costs of roughly two to three percent for buyers. We produce a true monthly-cost sheet for any listing before you offer, so the cap holds after closing too.

How do I tour a home in Miami Beach?

Every listing on this page has an inquiry form that reaches the broker directly — or call +1 786-370-8570. We arrange private showings around your schedule, including video tours for out-of-town buyers, and there is never an obligation.

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