
House for Sale
$110,000,000
9 bd · 11 ba · 10,791 sqft
1420 W 23rd St, Miami Beach, FL 33140
SUNSET ISLANDS-ISLAND NO 3
The island unfolds in stages, from the South of Fifth enclave through the Art Deco blocks to the resort corridor of Mid-Beach and the residential streets of North Beach. Water on either flank caps how much can ever be built, so scarcity underwrites the whole market, and the inventory spans 1930s landmarks to branded residences perched above five-star hotels.
Every figure below is computed from closed MLS transactions in Miami Beach over the trailing twelve months — what buyers and tenants actually paid, not asking prices — and refreshes continuously.
| Bedrooms | Sales | Median price |
|---|---|---|
| Studio | 186 | $230,000 |
| 1 bd | 679 | $350,000 |
| 2 bd | 576 | $699,500 |
| 3 bd | 238 | $2,475,000 |
| 4 bd | 127 | $4,100,000 |
| 5+ bd | 103 | $9,000,000 |
| Type | Sales | Median price |
|---|---|---|
| Condominium | 1,623 | $500,000 |
| Single Family Residence | 237 | $3,975,000 |
| Stock Cooperative | 24 | $150,000 |
| Townhouse | 21 | $1,625,000 |
| Villa | 2 | $5,129,500 |
| Month | Homes sold | Median price |
|---|---|---|
| Oct 2025 | 169 | $510,000 |
| Nov 2025 | 119 | $655,000 |
| Dec 2025 | 160 | $649,500 |
| Jan 2026 | 133 | $600,000 |
| Feb 2026 | 127 | $580,000 |
| Mar 2026 | 201 | $635,000 |
| Apr 2026 | 206 | $743,250 |
| May 2026 | 192 | $645,000 |
| Jun 2026 | 190 | $527,500 |
| Jul 2026 | 167 | $472,000 |
| Aug 2026 | 119 | $650,000 |
| Sep 2026 | 76 | $649,998 |
| Bedrooms | Leases | Median rent |
|---|---|---|
| Studio | 688 | $1,700/mo |
| 1 bd | 2,162 | $2,300/mo |
| 2 bd | 1,441 | $3,620/mo |
| 3 bd | 272 | $8,500/mo |
| 4 bd | 95 | $18,000/mo |
| 5+ bd | 60 | $30,000/mo |
Miami Beach is a barrier island of roughly 80,000 people that really operates as three cities in one. Below Dade Boulevard, South Beach holds the Art Deco district, Ocean Drive and the nightlife economy — and, out at the tip, South of Fifth, the quietest and priciest few blocks on the island. Mid-Beach runs the resort belt from the Faena District through the Collins Avenue condo canyon, and North Beach keeps the last attainable neighborhoods, now rezoned for a fresh wave of building around 72nd Street. What never changes is the ocean: nine miles of public beach with an unbroken beachwalk from South Pointe to the north end.
Island life comes with island arithmetic. Water caps the supply on both sides, historic-district rules shield whole blocks of 1930s buildings, and the flood-zone insurance reality is baked into every contract. In return, residents get a walkable, transit-light existence found nowhere else in Florida — groceries, schools, parks and the beach itself all reachable on foot or by bike, with downtown Miami fifteen minutes across the causeways.
South of Fifth is the island's blue-chip address — Continuum, Apogee and Murano set the pace for finished condo product, and the Perigon and reborn Raleigh will carry it further. The Art Deco core deals in boutique buildings and pied-à-terre lofts; West Avenue and the Sunset Islands blend bay-front towers with gated single-family islands; and the Venetian Islands, laid along their own causeway, offer the most walkable luxury single-family streets in the region. Mid-Beach stacks oceanfront classics — the Carlyle-era buildings, Faena House, Eighty Seven Park at the Surfside line — atop the golf-course streets of La Gorce and Alton Road's estate sections.
North Beach is the island's value frontier: mid-century co-ops and condos a block from the same sand, with 72 Park and the 72nd Street civic plans drawing new construction northward. Normandy Isles and Biscayne Point put canal-front single-family homes at numbers the southern islands left behind years ago. Across the island, buyers have to read the building as closely as the unit — recertification, reserves and assessment history now sort the market's winners from its stragglers.
Three causeways tie the island to the mainland: MacArthur to Downtown and the port, the Venetian for the slow scenic route, and Julia Tuttle to Midtown and the airport expressway. Most residents figure fifteen to twenty-five minutes to Brickell or the Design District outside rush hour, with Miami International about twenty-five minutes over the Tuttle. On the island, free trolleys, the beachwalk and Citi Bike stations cover daily movement, and plenty of South-of-Fifth and West Avenue households genuinely live car-light. The airport helicopter shuttle may be history, but the water taxi to downtown has quietly resurfaced as a commuter novelty.
A smart Miami Beach purchase begins with knowing what moves its market: the Art Deco district, oceanfront resort residences and South of Fifth. Use the bedroom and property-type tables above to benchmark the segment you're shopping, then open the live map search to see what's on the market right now — every listing links through to full photos, details and a direct line to a licensed Florida broker.
In Florida, a financed purchase generally closes in 30 to 45 days, while an all-cash deal can wrap in as little as two weeks. A condo adds a board-approval step, and anything near the water carries insurance questions worth pricing before you write an offer — both are routine parts of a Miami Beach transaction when you plan for them early.
Rentals turn over faster than sales — a well-priced Miami Beach unit is often under lease within weeks, and most annual leases ask for first month, last month and a security deposit up front. The rent tables above show what tenants actually committed to by bedroom count over the past year, and the live rental search lists every home and condo on offer today.

House for Sale
$110,000,000
9 bd · 11 ba · 10,791 sqft
SUNSET ISLANDS-ISLAND NO 3

House for Sale
$100,000,000
7 bd · 10 ba · 10,250 sqft
AMD PLAT OF SUNSET LAKE S

Condo for Sale
$80,000,000
4 bd · 6 ba · 5,011 sqft
The Edition

Condo for Sale
$78,000,000
5 bd · 7 ba · 9,049 sqft
Apogee

House for Sale
$68,500,000
7 bd · 10 ba · 8,805 sqft
SUB OF LAGORCE ISLAND

House for Sale
$60,000,000
9 bd · 15 ba · 15,132 sqft
PALM ISLAND
The world's largest concentration of Deco architecture — 800-plus pastel buildings from the 1920s-40s, walkable end to end along Ocean Drive and Collins.
The island's tip: cruise ships sliding past the cut, the fishing pier, and the lawn where South of Fifth walks its dogs at sunset.
Morris Lapidus's pedestrian mall — shops, sidewalk cafés and the restored 1930s theaters between the beach and the bay.
Frank Gehry's concert hall with free WALLCAST performances projected onto its 7,000-square-foot outdoor wall.
The island's contemporary art museum in Collins Park, next to the Miami City Ballet.
Mid-Beach's gilded theater-hotel-arts compound — the gold mammoth, the Faena Theater and the most talked-about hotel pool scene on Collins.
Kenneth Treister's harrowing bronze on Meridian Avenue — among the most affecting memorials anywhere in the country.
A free tropical acre tucked behind the convention center — the quietest green space on the island.
The bandshell, the tree canopy and the emptiest stretch of the nine-mile beachwalk.
Open since 1913 — the restaurant that stands for Miami Beach, and the reason half the city knows what October signals.
The Major Food Group flagship that made South of Fifth the group's Miami base — spicy rigatoni and a permanently impossible reservation book.
Myles Chefetz's steakhouse at Ocean Drive's calm end — athletes, moguls and everything served bone-in.
Jeremy Ford's Michelin-starred tasting-menu room down in South of Fifth.
Fried chicken, watermelon and bourbon — the comfort-food benchmark just off Lincoln Road.
The Alton Road pasta tavern that outcooks most of Italy on a Tuesday.
A North Beach Argentine-Italian institution going back to 1993.
The open-air French sandwich window a block behind Ocean Drive, an island staple since 1988.
The island's flagship A-rated elementary, forever among the county's most requested.
The South of Fifth neighborhood school, home to a Spanish dual-language program.
Mid-Beach's public middle school, which feeds Beach High.
The island's comprehensive high school, offering IB and a scholars academy.
The historic Flamingo Park school a few steps from Española Way.
The parish PK-8 on Garden Avenue, a Beach institution since 1926.
The Beach's PK-12 Jewish day school, on the 41st Street corridor.
The island's K-8 charter choice, up in North Beach.
Attendance boundaries shift over time — always confirm the assigned schools for a specific address with the county school district, and verify private-school admissions directly, before you rely on either in a purchase decision.

South Beach is Miami's global icon — the Art Deco district, Ocean Drive and Lincoln Road on the island's southern square mile. Its condo market breaks into distinct worlds: South of Fifth's luxury enclave (Continuum, Apogee, Murano, Portofino) at the island's tip, the West Avenue bayside corridor from the Mirador towers to Jean Nouvel's Monad Terrace, Sunset Harbour's marina quarter, and the oceanfront hotel-residences along Collins — the Setai, W South Beach and 1 Hotel & Homes.

Mid-Beach and North Beach are Miami Beach beyond the South Beach crowds — Millionaire's Row's oceanfront wall from the Fontainebleau to La Gorce, the Faena District's arts quarter, and North Beach's neighborhood blocks toward Ocean Terrace. The corridor sets grand 1960s condominiums (Imperial House, Maison Grande, Seacoast) against the modern landmarks: Faena House, 57 Ocean, the EDITION and Ritz-Carlton residences, and the Carillon's wellness towers.
Miami Beach is known for the Art Deco district, oceanfront resort residences and South of Fifth, and that character is what sustains demand over time. Let the figures on this page do the arguing — real closed sales, the median sale price, and how long homes sat before selling over the trailing twelve months.
The snapshot above reports the current 12-month median sale price for Miami Beach, together with price per square foot and medians split out by bedroom count and property type. Every figure is calculated from closed MLS sales and refreshed continuously — not lifted from a report that's already months old.
The property-type table above breaks Miami Beach sales into condos, single-family homes and townhomes, and shows where each segment's median landed over the past year. A condo brings monthly association dues and a board-approval step; a house carries its own insurance and upkeep. Each property type has its own live search page linked below.
Open the Miami Beach map search — it shows every active MLS listing in the city, updated continuously, with the city boundary traced on the map and filters for property type, bedrooms and price.