Miami Beach · micromarket · 12 months · data as of October 19, 2026
Miami Beach Islands Market Report
Closed sales from October 1, 2025 to September 30, 2026 · MIAMI REALTORS® MLS data as of October 19, 2026 · reviewed by Julian Acosta · next report January 2027
Median sale price · single-family · 12 months
$11,150,000▲ 12.7% vs the twelve months before
The median sale price of a single-family home on the islands of Miami Beach (the typical price: half sold for more and half for less) was $11,150,000 in the twelve months to September 30, 2026, on 74 closed sales, 12.7% more than in the twelve months before, and that of a condominium $1,145,000, on 68 sales, 17.6% more, according to MIAMI REALTORS® MLS records analyzed by Julian Acosta with data as of October 19, 2026.
Where the Islands Are
The islands are the residential islands of Biscayne Bay in this report: Star, Palm and Hibiscus islands, the four Sunset Islands, La Gorce and Allison islands, and the six Venetian Islands, two of which, San Marco and Biscayne Island, are in the City of Miami. Palm Island Park is among their parks. They hold about 1,000 houses, the largest of the four areas, a median of about 4,200 SF on a lot of about 10,700 SF, about one in five built since 2015, and about 1,500 condominium units (Miami-Dade County Property Appraiser, 2026 record, read October 26, 2026).
Key takeaways
- Island houses sold at a median of $11,150,000 in the 12 months to September 2026, on 74 sales, 12.7% more than in the 12 months before. See the full reading
- On the water, an island house sold at a median of $18,509,000, on 42 sales; off the water, at $5,025,000, on 32. See the full reading
- Island condominiums sold at a median of $1,145,000, on 68 sales, 17.6% more than in the 12 months before. See the full reading
Where the islands market is heading
- The islands sold 74 houses, against 54 a year earlier. On the water the median rose 2.8%; off it, 2.6%: the 12.7% comes from which houses sold.
- The islands run from $9,212,500 on the Venetian Islands to $20,684,000 on Palm Island.
These are the figures to date, not a forecast.
If you're selling on the islands
- How long it takes: an island house took a median of 96.5 days to sell in the 12 months to September 2026, about 14 weeks; a condominium, 110 days.
- The water: the 42 houses on the water sold at a median of $18,509,000.
- How close to the asking price: the typical island house closed at 91.5% of its last list price; 4 of the 74 closed at or above it. A condominium, at 93.7%.
If you're buying on the islands
- Where the price is: from $9,212,500 on the Venetian Islands to $20,684,000 on Palm Island, each island's median in the 12 months.
- Off the water: 32 island houses off the water sold at a median of $5,025,000.
- The condominiums: 68 sales at a median of $1,145,000; 66 of them in waterfront buildings.
The islands in figures
Data as of October 19, 2026
The islands Single-Family Home Prices
74 sales · 12 months to September 2026Median sale price · single-family
$11,150,000
A year earlier: $9,891,666 · ▲ 12.7%
If you own a house in the islands, this is your yardstick: half of the 74 houses sold there in the 12 months to September 30, 2026 closed above $11,150,000 and half below, against $4,200,000 across Miami Beach (MIAMI REALTORS® MLS).
12 months · 74 sales · MIAMI REALTORS® MLS
Closed sales
74
A year earlier: 54
74 houses sold in the islands in the 12 months to September 30, 2026, about 6 a month, against 54 the 12 months before (MIAMI REALTORS® MLS).
12 months · 74 sales · MIAMI REALTORS® MLS
Median price per sq ft · single-family
$2,481
A year earlier: $2,425 · ▲ 2.3%
To compare homes of different sizes, look at the price per square foot: a house in the islands sold for a median $2,481 in the 12 months to September 30, 2026, so 2,000 Sq.Ft at that rate comes to about $4,960,000 (MIAMI REALTORS® MLS).
12 months · 74 sales · MIAMI REALTORS® MLS
Median days on market · single-family
96.5 days
A year earlier: 76.5 days
If you sell a house in the islands, plan for about 14 weeks: the typical one took 96.5 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 74 sales · MIAMI REALTORS® MLS
The islands Condo Prices
68 sales · 12 months to September 2026Median sale price · condominiums
$1,145,000
A year earlier: $973,750 · ▲ 17.6%
If you own a condominium in the islands, this is your yardstick: half of the 68 condominiums sold there in the 12 months to September 30, 2026 closed above $1,145,000 and half below, against $499,000 across Miami Beach (MIAMI REALTORS® MLS).
12 months · 68 sales · MIAMI REALTORS® MLS
Closed sales
68
A year earlier: 54
68 condominiums sold in the islands in the 12 months to September 30, 2026, about 6 a month, against 54 the 12 months before (MIAMI REALTORS® MLS).
12 months · 68 sales · MIAMI REALTORS® MLS
Median price per sq ft · condominiums
$810
A year earlier: $755 · ▲ 7.3%
To compare homes of different sizes, look at the price per square foot: a condominium in the islands sold for a median $810 in the 12 months to September 30, 2026, so 1,000 Sq.Ft at that rate comes to about $810,000 (MIAMI REALTORS® MLS).
12 months · 68 sales · MIAMI REALTORS® MLS
Median days on market · condominiums
110 days
A year earlier: 84 days
If you sell a condominium in the islands, plan for about 16 weeks: the typical one took 110 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 68 sales · MIAMI REALTORS® MLS
The islands Townhouse Prices
4 sales · 12 months to September 2026Median sale price · townhouses
4 sales, too few for a median
A year earlier: 2 sales
Only 4 townhouses sold in the islands in the 12 months to September 30, 2026: too few for a fair median, so each sale is listed in the table below (MIAMI REALTORS® MLS).
12 months · 4 sales · MIAMI REALTORS® MLS
Closed sales
4
A year earlier: 2
4 townhouses sold in the islands in the 12 months to September 30, 2026, fewer than one a month, against 2 the 12 months before (MIAMI REALTORS® MLS).
12 months · 4 sales · MIAMI REALTORS® MLS
On the water and off it in the islands
12 monthsHouses on the water
$18,509,000
42 sales
The listing's MLS mark
Houses off the water
$5,025,000
32 sales
The listing's MLS mark
Condos in a waterfront building
$1,175,000
66 sales
Its building's mark
Condos off the water
2 sales, too few for a median
2 sales
Its building's mark
Townhouses: 4 townhouses closed on the islands in these twelve months: too few for a median.
Home Prices on the islands, Island by Island
The islands by the County's plats, each island with its house sales in the twelve months to September 30, 2026; an island has its row from five sales.
| Island | Sales | Median price | Days (median) |
|---|---|---|---|
| Venetian Islands | 40 | $9,212,500 | 105.5 |
| Sunset Islands | 13 | $16,200,000 | 60 |
| Hibiscus Island | 8 | $11,525,000 | 148.5 |
| Palm Island | 6 | $20,684,000 | 142 |
La Gorce Island closed 3 houses in these twelve months: too few for a median.
Allison Island closed 4 houses in these twelve months: too few for a median.
What is my home worth?
Enter your address. The page finds your home in the public record and reads the closed sales nearest it.
An estimate by Julian Acosta from MLS closed sales and the Miami-Dade County record; not an appraisal. How it works →
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The islands versus the other areas of Miami Beach
| Area | Houses: median price | Houses: sales | Houses: days (median) | Condos: median price |
|---|---|---|---|---|
| The islands | $11,150,000 | 74 | 96.5 | $1,145,000 |
| South Beach → | $2,375,000 | 11 | 110 | $456,250 |
| Mid-Beach → | $3,400,000 | 105 | 99 | $635,000 |
| North Beach → | $2,950,000 | 63 | 114 | $342,250 |
| Miami Beach, all its areas → | $4,200,000 | 253 | 102 | $499,000 |