Miami holds some of the most exclusive and elaborate homes in the world. And, despite recent reports of foreign interest waning in South Florida, sellers of magnificent homes and condos in South Florida continue to enter the market for buyers to pursue.

Whether you’re lucky enough to secure a client with a budget this size or have big plans to purchase yourself, these extravagant estates in South Florida are worth a look.

  • The five most expensive luxury listings in Miami this August range from $34 million to almost $50 million.
  • The most expensive home listed for sale in Miami is PH 900 at 321 Ocean Dr. for $47.5 million.
  • PH 900 is a two-story condominium with a private rooftop terrace and infinity pool overlooking the Atlantic Ocean.

Miami holds some of the most exclusive and elaborate homes in the world. And, despite recent reports of foreign interest waning in South Florida, sellers of magnificent homes and condos in South Florida continue to enter the market for buyers to pursue.

Whether you’re lucky enough to secure a client with a budget this size or have big plans to purchase yourself, these extravagant estates in South Florida are worth a look.

4555 Pine Tree Dr.

The fifth most expensive Miami luxury real estate listing is 4555 Pine Tree Dr. from the Eloy Carmenate Group at Douglas Elliman. The asking price is $34 million for 16,000 square feet of living space. With six bedrooms and 7.5 bathrooms, this elite home is fit for entertaining and family life simultaneously.

Complementing contemporary features and clean lines, the home features Atlantic Ocean views, a party-ready pool area, buildable boat dock and glass outdoor staircase. A waterslide (yes, you read that correctly) travels from the upper-level deck to the pool area alongside the outdoor staircase.

5004 N. Bay Rd.

At $35.9 million, “Sesto Senso” offers the largest square footage among Miami luxury real estate listings this month. The home at 5004 N. Bay Rd. holds a generous seven-bedroom, 10-bathroom layout across 17,000 square feet. Location wise, North Bay Road is well-known as a restricted and elegant stretch along Miami Beach’s Biscayne Bay coast.

Unique amenities in the modern and airy home include a 35-foot above-ground rooftop swimming pool and a massive marble freestanding tub overlooking the water off the master bedroom.

252 Bal Bay Dr.

Sitting on a wide open bay, 252 Bal Bay Dr. sits in Bal Harbour, one of the most private and gated communities in Miami. The home transfuses indoor and outdoor living space to create a true Miami estate just 300 yards from one of two Atlantic Ocean inlets.

The property is listed for $36 million by Oren Alexander, developer and broker of the Alexander Team at Douglas Elliman. The property has eight bedrooms and 9.5 bathrooms across 13,500 interior square feet. Combined with its expansive outdoor areas, the property totals over 17,000 square feet of year-round functional and elaborate living space.

There’s even a facial recognition access control system allowing for greater security and entry ease.

1 Star Island Dr.

Star Island, a small neighborhood scattered with multi-million dollar mansions in Biscayne Bay, is no stranger to costly listings. Luckily for high-end buyers, one of Star Island’s dazzling estates is on the market right now. The 58,332 square foot mansion listed by the Jills of Coldwell Banker Residential Real Estate is nestled on a coveted corner lot with a $37 million price tag.

Comprised of seven bedrooms and eight bathrooms, the property’s layout is separated between a villa (four bedrooms) and guest house (three bedrooms). The 240-foot waterfront setting is prime for picturesque sunsets.

321 Ocean Dr., PH 900

At last, the most expensive home in Miami luxury real estate is PH 900 at 321 Ocean Dr., marketed by Jorge Uribe of One Sotheby’s International Realty. This elaborate and expansive penthouse condominium holds four bedrooms and 5.5 bathrooms across a comfortable 6,807 square feet.

The price is not for the faint: the seller is asking a cool $47.5 million — a price per square foot of a little over $6,978. Aside from being located in hot Miami Beach at an exclusive boutique building, the custom oceanfront residence encompasses both the ninth and 10th floors.

The views are outstanding, offering panoramic sight lines of the cityscape and ocean. Outside, a private rooftop terrace holds a 36-foot infinity pool, outdoor barbecue, bar and lounge area.

Email Jennifer Riner

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