Ranked the 7th largest luxury real estate market in the world, Miami is home to plenty of fabulous properties, ranging from penthouses in the sky to historical Star Island estates sitting directly on the water. And, with luxury home prices rising 7.5 percent in 2017 from 2016, you can rest assured that the prices aren’t coming down anytime soon. To give you an idea of just what you can find among Miami’s most elite properties, here are the 20 most expensive homes in Miami.
Before we get started, you should know that only homes with a Miami or Miami Beach address are included in this list. Although homes in Key Biscayne, Coral Gables, and Sunny Isles are technically in the Miami area, they have not been included.