South Beach condo market report — May 2026

May 2026 in South Beach

126 condos came to market in South Beach during May 2026.

Closed sales

85 condo sales closed in May 2026 at a median price of $480,000 ($611 per square foot), after a median 111 days on market.

That compares with 120 closings in April 2026, when the median closed price per square foot was $682.

Year over year, closed prices per square foot are up 32.6% from $460 in May 2025.

The trailing year

Over the 12 months ending May 2026, South Beach recorded 752 condo closings — an average of 63 a month — with the busiest month being April 2026 at 120 sales.

Monthly median closed prices ranged from $437 to $725 per square foot over that span.

Buildings with the most closings in May 2026

• 2399 Collins Avenue — 4 closings at a median $4,410,000 ($2,812/sq ft)
• Mirasol Ocean Towers — 3 closings at a median $715,000 ($435/sq ft)
• Mirador 1000 — 3 closings at a median $457,500 ($537/sq ft)
• Roney Palace — 3 closings at a median $1,400,000 ($1,556/sq ft)
• Belle Isle — 3 closings at a median $600,000 ($705/sq ft)

Where to look next

Browse every condo for sale in South Beach, set up a price-drop alert, or compare buildings side by side. All figures are Own Miami calculations from MIAMI REALTORS® MLS data.