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Miami’s Priciest Places: A Look at the Top 5 Luxury Zip Codes


As an affluent homebuyer looking for the most exclusive neighborhoods Miami has to offer, you want to know where the top luxury zip codes are located. With stunning waterfront views and amenities galore, Miami’s priciest places provide resort-style living year-round.

From Brickell to the Beach, discover the five most expensive zip codes where Miami’s elite reside. In this article, we tour the extravagant communities and showcase the multi-million dollar properties that define high-end living in the Magic City.

You’ll uncover the premier pockets loved by celebrities and the super wealthy and gain insight into the features that command the sky-high price tags. Ready to go inside Miami’s most elite zip codes? Let’s explore the pinnacle of luxury in the 305.

Miami’s Most Exclusive Neighborhoods

Fisher Island

Fisher Island is an exclusive private island community located off the coast of Miami Beach. Accessible only by ferry, it is home to some of the most luxurious condominiums and estates in Miami with multimillion-dollar price tags. Residents enjoy 24-hour security, private beaches, golf courses, and marinas. The average home value on Fisher Island is over $2 million.

Star Island

Star Island, despite its name, is not actually an island but a man-made archipelago located in Biscayne Bay. This gated community is only accessible by guard-gated entry and is home to sprawling mansions owned by celebrities like Shaquille O’Neal, P. Diddy, and Gloria Estefan. Home values average $20 million and property taxes can exceed $200,000 per year.

La Gorce Island

La Gorce Island is an exclusive neighborhood located between the Bayshore Golf Course and Biscayne Bay. Access to the island is restricted to residents and their guests.

Multi-million dollar Mediterranean-style homes, pristine beaches, and a country club help establish La Gorce Island as one of the most prestigious addresses in Miami. The average home value is $3.5 million.

Sunset Islands

The Sunset Islands consist of four man-made islands located in Biscayne Bay between Miami Beach and Downtown Miami. Gated and accessible only to residents, the Sunset Islands feature extravagant homes, private parks, playgrounds, and 24-hour security.

Home values average $5-15 million for bayfront properties. Sunset Islands attract high-profile residents like Matt Damon, Ricky Martin, and Cher.

Golden Beach

Golden Beach is a wealthy town located in the northeastern tip of Miami-Dade County, between Sunny Isles Beach and Aventura. Multi-million dollar contemporary homes line the long stretch of beach along Highway A1A. Property taxes fund extensive landscaping, parks, playgrounds, and other amenities for residents. Home values in Golden Beach average $2.5 million.

Touring the Top 5 Luxury Zip Codes in Miami


Fisher Island (33109)

Fisher Island is an exclusive island community located just south of Miami Beach. Accessible only by ferry or private yacht, Fisher Island features sprawling waterfront estates, condos, and apartments. With an average home value of over $2 million, 33109 ranks as the most expensive zip code in Miami.

Star Island (33139)

Just north of Fisher Island lies Star Island, an exclusive man-made island community. Star Island is home to lavish Mediterranean-style mansions with private docks and pools. Several celebrities own property on Star Island, contributing to an average home value of $1.8 million in 33139.

Sunset Islands (33140)

The Sunset Islands in Miami Beach comprise four residential islands with expansive waterfront homes and condos. Gated and private, the Sunset Islands have hosted the lavish estates of celebrities like Shaquille O’Neal, Jennifer Lopez, and Gloria Estefan. Home values in 33140 average around $1.6 million.

North Bay Road (33140)

Bordering Sunset Islands, North Bay Road is one of the most prestigious stretches of real estate in Miami Beach. Multi-million dollar waterfront estates line North Bay Road, including the lavish Versace Mansion. Home values along North Bay Road contribute to 33140’s status as the third most expensive zip code in Miami.

La Gorce Island (33141)

La Gorce Island, located between Normandy Shores and North Bay Road, features extravagant Mediterranean-style mansions with yacht docks and pools. Its secluded waterfront location and proximity to Miami Beach make La Gorce Island a prestigious community, with an average home value of $1.5 million in 33141.

FAQs About Miami Luxury Real Estate

How much does luxury real estate cost in Miami?

luxury real estate in Miami’s most prestigious neighborhoods typically ranges from $1 million to over $50 million for the most lavish properties. Waterfront homes along Biscayne Bay and luxury condos in downtown Miami and Sunny Isles Beach command the highest prices.

What amenities can I expect with a luxury home in Miami?

Luxury homes in Miami’s top zip codes offer resort-style amenities like private swimming pools, home theaters, wine cellars, elevators, and 24-hour security. Many upscale condos also have concierge services, valet parking, rooftop pools, gyms, and beach access.

What are the most prestigious neighborhoods in Miami?

The most coveted luxury neighborhoods in Miami include Fisher Island, a private island community only accessible by ferry; Golden Beach, known for its sprawling beachfront mansions; Palm Island, home to many celebrities; and condos along Sunny Isles Beach like Acqualina Resort & Spa. Downtown Miami also has many new luxury high-rises with spectacular amenities.

Are there any restrictions on foreign buyers?

There are no restrictions on international buyers purchasing Miami luxury real estate. In fact, nearly half of all sales in Miami’s top markets come from international buyers according to the Miami Association of Realtors. Miami’s luxury real estate market is a particularly attractive investment for buyers from South America, Europe, Canada, and Russia.

What taxes will I need to pay as an owner of Miami luxury real estate?

Owners of Miami luxury real estate are subject to property taxes based on the assessed value of their home. Property tax rates in Miami-Dade County are around 2% of the assessed property value. Buyers will also need to pay documentary stamp tax of 0.7% of the purchase price when buying a home.

For condos, monthly homeowners association or condo association fees typically range from $500 to over $2,000 per month depending on the building’s amenities and services.


As you have seen, Miami offers some of the most exclusive and luxurious residential areas in the country. From ritzy beachfront estates to sprawling inland mansions, these premier zip codes provide the ultimate in luxury living.

With amenities like private beaches, top-tier shopping, and Michelin-starred dining, Miami’s priciest neighborhoods cater to the most discerning buyers. Whether you desire bayfront glamor or a secluded island retreat, Miami real estate offers plenty of options in the top tier.

Just be prepared for home prices and taxes to match the elite lifestyle. But for those who value privacy, prestige and pampering above all else, Miami’s highest-end zip codes await.

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