Neighborhood Guides · June 16, 2026
The 7 Best Condos to Buy in Miami Beach in 2026
Miami Beach remains the world's most iconic beach address — and its condo market reflects that status. We rank the top 7 buildings combining oceanfront prestige, brand power, and investment potential for 2026 buyers.
By Condo Invest Miami Research · Editorial & market research · 10 min read
Why Miami Beach Remains the World's Most Coveted Beach Address
Miami Beach functions as a global brand, not merely an island destination. Art Deco avenues, white sand, worldwide nightlife and a year-round tropical climate make it instantly recognizable. That recognition converts to cash for investors: 15 million annual visitors, average Airbnb rates of $350-600 per night, and occupancy rates that exceed 80% year-round.
The island’s geography enforces scarcity. Miami Beach is an island — 7 miles long and 3 miles wide — with no room for horizontal expansion. New projects require demolition of what’s already built. That constraint underpins price appreciation of 9.4% annually over the past decade. The median condo price of $1.45M reflects a clear scarcity premium. Buy today and you own an irreplaceable location.
Markets shift, but demand follows smart public investment and brand-led development. The $15M North Beach transformation — public investment in parks, infrastructure, and cultural amenities — is creating a fresh residential node on the island’s north end. The Faena District continues to attract ultra-high-net-worth buyers chasing the island’s most exclusive address. South Pointe, at the southern tip, has become the preferred enclave for tech founders and hedge fund principals who want maximum privacy and full amenity access.
The 7 Best Buildings in Miami Beach for 2026
1. The Perigon Miami Beach — 5333 Collins Ave
The Perigon is Miami Beach's most anticipated new development — a 17-story building featuring just 73 residences designed by Rem Koolhaas' OMA firm. The building's distinctive cantilevered form, which appears to float above the ocean, is the most architecturally significant residential project in Miami Beach in a decade.
Why it ranks #1: OMA’s global cachet and the building’s singular design create a product you cannot replicate. Seventy-three residences. One OMA oceanfront building in Miami Beach. Direct oceanfront location and full-service amenities make The Perigon a generational asset.
Investment data: Starting from $5.5M. Estimated completion 2026. 73 residences. OMA-designed architecture. Direct oceanfront.
2. Shore Club Private Collection — 1901 Collins Ave
The Shore Club conversion — turning the iconic 1949 hotel into 49 ultra-luxury residences — stands as one of Miami Beach’s defining real estate moments this decade. Witkoff Group leads the development; Cara Delevingne’s interiors blend historic Art Deco bones with contemporary luxury.
Why it ranks #2: Historic provenance sells. Sinatra, the Rat Pack and Hollywood royalty give the property narrative value that matters to buyers who care about provenance as much as finishes. Forty-nine residences create severe scarcity, and the Cara Delevingne interiors target a fashion-forward buyer pool.
Investment data: Starting from $4.5M. Estimated completion 2025. 49 residences. Historic Art Deco building. Cara Delevingne interiors.
3. Aman Miami Beach — 3425 Collins Ave
Aman’s Miami Beach debut places minimalist luxury into a 17-story tower with 70 residences above the Aman Hotel. Aman’s global portfolio — from Bhutan to Bali — pulls the highest-spending travelers and buyers into its orbit.
Why it ranks #3: The Aman name commands premium pricing — studies show Aman-branded residences sell for 35-50% more than comparable non-branded properties. Aman’s ultra-high-net-worth buyer network spans 50+ countries, creating demand from buyers who may never have visited Miami but know and trust the brand.
Investment data: Starting from $4M. Estimated completion 2026. 70 residences. Aman Hotel services. Global brand premium.
4. Five Park Miami Beach — 500 Alton Road
Five Park is Miami Beach's most innovative new tower — a 48-story building that will be the tallest building in Miami Beach upon completion. Arquitectonica designed a distinctive “waist” that splits the tower into two volumes, giving residents panoramic views of both the Atlantic and Biscayne Bay.
Why it ranks #4: Dual-water views are rare and valuable. South Pointe location, adjacent to South Pointe Park and South of Fifth, places Five Park in Miami Beach’s most prestigious enclave. At starting prices from $1.5M, it offers the most accessible route into South Beach luxury.
Investment data: Starting from $1.5M. Estimated completion 2026. Dual ocean and bay views. Tallest building in Miami Beach. South Pointe location.
5. Eighty Seven Park — 8701 Collins Ave
Designed by Renzo Piano, Eighty Seven Park set the ultra-luxury benchmark in North Beach — a 70-unit project that transformed the neighborhood into a legitimate luxury district. Glass pavilions sit within a 4-acre private park, producing a resort-like residential environment.
Why it ranks #5: Renzo Piano’s Pritzker-winning architecture and the 4-acre private park are rare, enduring differentiators. Completed in 2019, Eighty Seven Park has a proven track record: resale values have appreciated 42% since completion and rental performance consistently exceeds projections. It defines North Beach luxury.
Investment data: Completed 2019. Starting from $3.5M on resale. 42% appreciation since completion. 4-acre private park. Renzo Piano architecture.
6. Faena House — 3315 Collins Ave
Faena House, an OMA design, is the crown jewel of the Faena District — a 47-unit ultra-luxury building that has drawn buyers such as Jared Kushner, Len Blavatnik and multiple tech billionaires. Its gold-leaf lobby, private beach club and proximity to the Faena Hotel create a cohesive, exclusive lifestyle.
Why it ranks #6: Faena House sets price records. Penthouse sales have exceeded $60M. A 47-unit roster and the broader Faena ecosystem deliver a level of exclusivity that’s impossible to recreate elsewhere. For buyers demanding the top of the market, Faena House remains the benchmark.
Investment data: Resale market only. Prices from $5M to $60M+. 47 units. Faena District ecosystem. Price record holder in Miami Beach.
7. 1 Hotel & Homes South Beach — 2341 Collins Ave
1 Hotel South Beach introduced "eco-luxury" to Miami Beach — sustainability integrated into high-end design. The 12-story building contains 163 residences with reclaimed wood interiors, living walls and a rooftop farm that supplies the building’s restaurant.
Why it ranks #7: Sustainability attracts a growing cohort of luxury buyers — that segment has grown 40% in Miami Beach over the past five years. The 1 Hotel brand’s management program drives robust short-term rental income, and the building’s oceanfront position protects long-term value.
Investment data: Starting from $2.5M. Completed 2015. LEED certified. Hotel management program available. Oceanfront position.
Miami Beach Investment: The Short-Term Rental Premium
Short-term rental economics drive the Miami Beach investment case. Fifteen million annual visitors generate yields 2-4x higher than comparable long-term rentals. Example: a 2-bedroom oceanfront unit at Five Park generating $500/night at 75% occupancy produces $136,875 in gross annual income — a 9.1% yield on a $1.5M purchase price.
Regulation adds friction. Miami Beach requires a Certificate of Use and Business Tax Receipt for all short-term rentals, and many buildings impose their own restrictions. Buyers targeting short-term income must verify both city rules and building-specific policies before they buy.
Bottom Line
Miami Beach in 2026 delivers the world’s most recognizable beach address and a condo market built to reward long-term holders. Island scarcity, global brand recognition and 15 million annual visitors create a demand profile few markets can match.
Seeking a prestige trophy? The Perigon’s OMA architecture and 73-unit scarcity define the decade’s signature asset. Hunting the best blend of price and rental upside? Five Park’s dual-water views and South Pointe location offer exceptional value at Miami Beach’s most accessible luxury entry point.
Frequently Asked Questions
What is the average condo price in Miami Beach in 2026?
The average condo price in Miami Beach in 2026 is approximately $1.45M, with a median price per square foot of $1,100 for oceanfront buildings. New luxury developments range from $1.5M (Five Park Miami Beach) to $5.5M+ (The Perigon). South of Fifth and the Faena District command the highest premiums, with ultra-luxury units regularly exceeding $10M.
Is Miami Beach a good condo investment in 2026?
Yes, Miami Beach is one of the world's best long-term condo investments due to its island scarcity, global brand recognition, and 15 million annual visitors. The market has appreciated 9.4% annually over the past decade, and the island's physical constraints ensure continued supply scarcity. Short-term rental investors can achieve gross yields of 8-14% in well-positioned oceanfront buildings.
What is the best neighborhood in Miami Beach to buy a condo?
South of Fifth (SoFi) is widely considered the best neighborhood in Miami Beach for luxury condo buyers in 2026. The area offers maximum privacy, proximity to South Pointe Park, and easy access to both the beach and Brickell. The Faena District (Mid-Beach) is the top choice for ultra-luxury buyers seeking the most exclusive address. North Beach offers the best value, with prices 20-30% below South Beach.
Can foreigners buy condos in Miami Beach?
Yes, foreigners can buy condos in Miami Beach without restrictions. Miami Beach has one of the highest concentrations of international buyers in the United States, with 45-60% of luxury condo purchases made by non-US residents. Primary buyer markets include Brazil, Argentina, Venezuela, Colombia, UK, France, and Israel. Most international buyers purchase with cash or use portfolio loans from international banks.
What is the Airbnb rental income potential for Miami Beach condos?
Miami Beach condos generate some of the highest Airbnb rental income in the United States. Oceanfront 1-bedroom units average $350-500 per night with 75-85% occupancy, generating $95,000-155,000 in gross annual income. 2-bedroom units average $500-800 per night. Net yields after management fees (35-45%), cleaning, and maintenance typically range from 6-10% of purchase price.