South Beach condo market report — Aug 2026

August 2026 in South Beach

South Beach ended August 2026 with 376 active condo listings, 69 of them new to market during the month. The median asking price was $1,397,500 ($1,184 per square foot).

Closed sales

25 condo sales closed in August 2026 at a median price of $1,340,000 ($1,076 per square foot), after a median 85 days on market.

That compares with 35 closings in July 2026, when the median closed price per square foot was $912.

The trailing year

Over the 12 months ending August 2026, South Beach recorded 453 condo closings — an average of 38 a month — with the busiest month being April 2026 at 67 sales.

Monthly median closed prices ranged from $912 to $1,568 per square foot over that span.

Buildings with the most closings in August 2026

• The Floridian — 2 closings at a median $817,500 ($758/sq ft)
• Yacht Club At Portofino C — 2 closings at a median $1,507,500 ($1,334/sq ft)
• Portofino Tower — 2 closings at a median $3,262,500 ($1,491/sq ft)
• Continuum On South Beach — 2 closings at a median $11,083,750 ($3,217/sq ft)
• Bayview Plaza — 2 closings at a median $650,000 ($676/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.