What are the most expensive neighborhoods in Miami Beach, FL?

The neighborhoods with the highest median home values in Miami Beach, FL include: Palm Island ($9,656,534), Di Lido Island ($8,687,730), San Marino Island ($8,612,859), Rivo Alto Island ($8,362,769), Hibiscus Island ($6,898,229).

What are the most affordable neighborhoods in Miami Beach, FL?

The neighborhoods with the lowest median home values in Miami Beach, FL include: Flamingo Lummus ($332,459), North Shore ($395,231), Isle of Normandy ($431,539), City Center ($469,243), Oceanfront ($596,281).

Which Miami Beach, FL neighborhoods have the fastest growing home values?

Neighborhoods with the highest year-over-year value growth in Miami Beach, FL include: Palm Island (11.5%), Hibiscus Island (11.3%), San Marino Island (8.7%), Di Lido Island (7.6%), Rivo Alto Island (7.1%).

Oceanfront, FL Housing Market

$596,234

2.2% 1-yr

The average Oceanfront, FL home value is $596,234, up 2.2% over the past year, and homes go to pending in around 77 days. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Oceanfront Key Takeaways

Typical Home Values: $596,234

1-Year Value Change: +2.2%

(Data through August 31, 2026)

Oceanfront Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 504 (August 31, 2026)

New Listings: 48 (August 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $749,667 (August 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 77 (August 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Nautilus$1,684,123
La Gorce$3,638,372
Bayshore$955,093
City Center$464,535
Isle of Normandy$439,125
North Shore$391,707
Belle Isle$950,110
Flamingo Lummus$329,465
Rivo Alto Island$8,408,369

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Oceanfront Homes for Sale

$329,500

1 bd1 ba546 sqft

5555 Collins Ave APT 7P

$275,000

0 bd1 ba566 sqft

2899 Collins Ave APT 950

View Oceanfront listings

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Oceanfront Rental Market Trends

Average Rent: --

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.