MIAMI LUXHomes

Miami Beach Homes for Sale under $5M

1,768 listings

Live MLS inventory in Miami Beach, updated continuously.

6899 Collins Ave # 702, Miami Beach, FL 33141
$2,995,000
3 bd · 3 ba · 2,050 sqft
6899 Collins Ave # 702, Miami Beach, FL 33141
Carillon Condo Miami Beac
1800 Sunset Harbour # 1612, Miami Beach, FL 33139
$2,995,000
3 bd · 3 ba · 1,900 sqft
1800 Sunset Harbour # 1612, Miami Beach, FL 33139
SUNSET HARBOUR SOUTH
2655 Collins Ave # PH06/08, Miami Beach, FL 33140
$2,990,000
3 bd · 4 ba · 2,244 sqft
2655 Collins Ave # PH06/08, Miami Beach, FL 33140
Mirasol Ocean Towers
1620 Bay Rd, Miami Beach, FL 33139
$2,990,000New
2 bd · 2 ba · 4,338 sqft
1620 Bay Rd, Miami Beach, FL 33139
LINCOLN TERRACE SUB
6365 Collins Ave # 2403, Miami Beach, FL 33141
$2,963,000
3 bd · 3 ba · 1,761 sqft
6365 Collins Ave # 2403, Miami Beach, FL 33141
Akoya Condos
2005 Calais Dr # 7, Miami Beach, FL 33141
$2,950,000
4 bd · 4 ba · 2,604 sqft
2005 Calais Dr # 7, Miami Beach, FL 33141
La Linda Miami Beach
1548 Biarritz Dr, Miami Beach, FL 33141
$2,950,000
4 bd · 4 ba · 2,580 sqft
1548 Biarritz Dr, Miami Beach, FL 33141
ISLE OF NORMANDY TROUVILL
6799 Collins Ave # 205, Miami Beach, FL 33141
$2,950,000
3 bd · 3 ba · 1,860 sqft
6799 Collins Ave # 205, Miami Beach, FL 33141
CARILLON
6121 La Gorce Dr, Miami Beach, FL 33140
$2,900,000
4 bd · 4 ba · 2,359 sqft
6121 La Gorce Dr, Miami Beach, FL 33140
BEACH VIEW ADDN
4401 Collins Ave # 2114/2116, Miami Beach, FL 33140
$2,895,000
2 bd · 3 ba · 1,557 sqft
4401 Collins Ave # 2114/2116, Miami Beach, FL 33140
FONTAINEBLEAU II TRESOR
500 Alton Rd # 2402, Miami Beach, FL 33139
$2,885,000
2 bd · 3 ba · 1,218 sqft
500 Alton Rd # 2402, Miami Beach, FL 33139
Five Park
3722 Royal Palm Ave, Miami Beach, FL 33140
$2,880,000New
3 bd · 3 ba · 2,452 sqft
3722 Royal Palm Ave, Miami Beach, FL 33140
ORCHARD SUB 2 & 3
300 S Pointe Drive # 801, Miami Beach, FL 33139
$2,850,000
3 bd · 3 ba · 2,340 sqft
300 S Pointe Drive # 801, Miami Beach, FL 33139
Portofino Tower
3755 Royal Palm Ave, Miami Beach, FL 33140
$2,850,000
4 bd · 3 ba · 2,096 sqft
3755 Royal Palm Ave, Miami Beach, FL 33140
ORCHARD SUB 2 & 3
2901 Indian Creek Drive # 401, Miami Beach, FL 33140
$2,822,050
2 bd · 3 ba · 1,452 sqft
2901 Indian Creek Drive # 401, Miami Beach, FL 33140
29 Indian Creek
450 Alton Rd # PH 4104, Miami Beach, FL 33139
$2,800,000
2 bd · 2 ba · 1,536 sqft
450 Alton Rd # PH 4104, Miami Beach, FL 33139
ICON SOUTH BEACH
2301 Collins Ave # 1523-24, Miami Beach, FL 33139
$2,800,000
3 bd · 3 ba · 1,560 sqft
2301 Collins Ave # 1523-24, Miami Beach, FL 33139
RONEY PALACE
450 Alton Rd # 3505, Miami Beach, FL 33139
$2,799,000
2 bd · 3 ba · 1,750 sqft
450 Alton Rd # 3505, Miami Beach, FL 33139
ICON CONDO
2301 Collins Ave # 1414/1415, Miami Beach, FL 33139
$2,799,000
2 bd · 2 ba · 1,640 sqft
2301 Collins Ave # 1414/1415, Miami Beach, FL 33139
RONEY PALACE CONDO
6365 Collins Ave # 2901, Miami Beach, FL 33141
$2,799,000
3 bd · 3 ba · 1,761 sqft
6365 Collins Ave # 2901, Miami Beach, FL 33141
AKOYA
6365 Collins Ave # 3801, Miami Beach, FL 33141
$2,799,000
3 bd · 3 ba · 1,761 sqft
6365 Collins Ave # 3801, Miami Beach, FL 33141
AKOYA CONDO
5600 Collins Ave # D, Miami Beach, FL 33140
$2,795,000
2 bd · 2 ba · 2,100 sqft
5600 Collins Ave # D, Miami Beach, FL 33140
5600 Condominium
6899 Collins Ave # 1602, Miami Beach, FL 33141
$2,775,000New
3 bd · 3 ba · 2,050 sqft
6899 Collins Ave # 1602, Miami Beach, FL 33141
North Carillon Beach
400 S Pointe Dr # 2310, Miami Beach, FL 33139
$2,750,000
2 bd · 3 ba · 1,559 sqft
400 S Pointe Dr # 2310, Miami Beach, FL 33139
South Pointe Towers

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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