Price Drop: $24K 
Deal Alert? 
3D Tour 
$475,000
1
2Bds
2Ba
984sqft
Condo for sale
Kamany Realty & Prop. Mngmt In
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Homes for Sale in Edgewater, Miami, FL
78 Homes
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Price Drop: $24K Deal Alert? 3D Tour Deal Alert? 3D Tour 
$860,000
1
1Bd
3Ba
940sqft
Condo for sale
Redilco Int'L Real Estate, Llc
Deal Alert? 3D Tour 
$315,000
1
--Bd
1Ba
503sqft
Condo for sale
Florida Realty Of Miami Corp
3D Tour 
Deal Alert? 3D Tour 
Deal Alert? 3D Tour 
$350,000
1
1Bd
1Ba
821sqft
Condo for sale
Cervera Real Estate Inc
3D Tour 
New 
3D Tour 
3D Tour 
Deal Alert? 3D Tour 
$750,000
32
2Bds
2Ba
1,168sqft
Condo for sale
La Rosa Realty Prestige
3D Tour 
Price Drop: $25K Deal Alert? 3D Tour 
No HOA 
$1,125,000
1
3Bds
4Ba
1,592sqft
Condo for sale
Fortune International Realty
3D Tour 
$399,999
--Bd
1Ba
637sqft
Condo for sale
Cervera Real Estate Inc.
3D Tour 
Deal Alert? 3D Tour 
3D Tour 
3D Tour 
$1,689,000
3Bds
4Ba
1,526sqft
Condo for sale
One Sotheby'S International Realty
3D Tour 
Deal Alert? 3D Tour 
3D Tour 
3D Tour 
3D Tour 
3D Tour No HOA 
Deal Alert? 3D Tour 
Deal Alert? 3D Tour 
Deal Alert? 3D Tour 
3D Tour 
3D Tour 
Deal Alert? 3D Tour 
3D Tour 
$6,300,000
2
4Bds
5Ba
2,915sqft
Condo for sale
Vision Realty Llc
3D Tour 
$1,100,000
2Bds
3Ba
1,380sqft
Condo for sale
Premier Elite Realty Inc.
3D Tour 
3D Tour 
3D Tour 
3D Tour 
3D Tour 
$549,900
2Bds
2Ba
1,148sqft
Condo for sale
K & M Realty Holdings Corporation
3D Tour 
3D Tour 
$690,000
2Bds
2Ba
1,048sqft
Condo for sale
Momentum Luxury Real Estate, Llc.
3D Tour 
$1,399,000
2Bds
3Ba
1,588sqft
Condo for sale
Keller Williams Capital Realty
3D Tour 
$1,250,000
2Bds
3Ba
1,137sqft
Condo for sale
3D Tour 
3D Tour No HOA 
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Frequently Asked Questions
What is the average cost of a house in Miami?
As of January 2025, the median home price in Miami is $640,000, a 4.5% increase from last year. While the market saw a peak of $650,000 in December 2024, home sales have slipped by 13.7%, and properties now stay on the market for an average of 99 days. This shift suggests buyers have more breathing room, but prices are still on an upward trajectory.
Miami's housing market is no longer in overdrive, but it's certainly not idling either. With homes sitting longer, buyers have room to negotiate before the market heats up again. The city's skyline, ocean views, and culture-packed streets aren't getting any cheaper—so if Miami's been calling your name, now might be the time to make your move before prices ride the next wave up! 🌊🏡
Miami's housing market is no longer in overdrive, but it's certainly not idling either. With homes sitting longer, buyers have room to negotiate before the market heats up again. The city's skyline, ocean views, and culture-packed streets aren't getting any cheaper—so if Miami's been calling your name, now might be the time to make your move before prices ride the next wave up! 🌊🏡
Should I buy a house in Miami now or wait?
Yes, now is the best time to buy a house in Miami! The median home price sits at $640,000, up 4.5% YoY, but with sales down 13.7% and homes staying on the market for 99 days, buyers have more power than ever. The market isn't as frenzied as before, meaning fewer bidding wars and more room for negotiation. If you've been eyeing a place in the Magic City, this could be your chance to lock in a deal before prices climb again! 🌴🏡💰
Will house prices go down in Miami in 2025?
Maybe—but don't expect a major price drop. While Miami's median home price hit $650K in December 2024, it has since settled at $640K, and sales have dipped 13.7%, signaling a cooling trend. However, Miami remains a high-demand market, so significant price drops are unlikely.
Luxury condos and waterfront properties in high-demand areas will likely hold their value, but neighborhoods with rising inventory might see price adjustments. Additionally, Miami's high insurance costs could force some sellers to lower prices to attract buyers. Mortgage rates are expected to stay between 6-7%, keeping affordability a concern. If you're waiting for a discount, focus on areas where listings are piling up—that's where you'll have the best chance to negotiate. 💰🏡🌴
Luxury condos and waterfront properties in high-demand areas will likely hold their value, but neighborhoods with rising inventory might see price adjustments. Additionally, Miami's high insurance costs could force some sellers to lower prices to attract buyers. Mortgage rates are expected to stay between 6-7%, keeping affordability a concern. If you're waiting for a discount, focus on areas where listings are piling up—that's where you'll have the best chance to negotiate. 💰🏡🌴
How much money should I save before buying a house in Miami?
Buying a home in Miami isn't just about affording the down payment—you'll need extra cash for closing costs, insurance, and, of course, those waterfront brunches. Here's what you should save depending on your budget and lifestyle:
🏡 First-Time Homebuyer
If you're looking at condos or starter homes in Miami, aim to save at least $15,000 to $25,000. This covers a 10%-20% down payment, closing costs, inspections, and moving expenses. Keep in mind that Miami's property insurance costs are among the highest in Florida, averaging $12,000+ per year thanks to hurricanes and flood risks. So, budget wisely—unless you're okay with living on an inflatable raft during storm season. 🌊🏠
👨👩👧👦 Family Buyer
For families eyeing single-family homes in Miami neighborhoods like Coral Gables, Pinecrest, or Kendall, plan to save $30,000 to $50,000. These areas offer good schools and spacious yards, but they also come with higher insurance rates and potential HOA fees ($300-$800/month). And if you're moving into a gated community, just know that your biggest neighborhood drama might be whose landscaper does the best palm tree trimming. 🌴💰
💸 Luxury Homebuyer
If you're going for a luxury homes in Miami in neighborhoods like Brickell, Miami Beach, or Key Biscayne, be prepared to save $100,000 or more. High-end properties require larger down payments, steep closing costs, and HOA fees that can hit $1,000+ per month in luxury condos. Waterfront homes also come with flood insurance, hurricane-proof windows, and dock fees—because in Miami, paradise comes at a premium. 🚤🌇
🏡 First-Time Homebuyer
If you're looking at condos or starter homes in Miami, aim to save at least $15,000 to $25,000. This covers a 10%-20% down payment, closing costs, inspections, and moving expenses. Keep in mind that Miami's property insurance costs are among the highest in Florida, averaging $12,000+ per year thanks to hurricanes and flood risks. So, budget wisely—unless you're okay with living on an inflatable raft during storm season. 🌊🏠
👨👩👧👦 Family Buyer
For families eyeing single-family homes in Miami neighborhoods like Coral Gables, Pinecrest, or Kendall, plan to save $30,000 to $50,000. These areas offer good schools and spacious yards, but they also come with higher insurance rates and potential HOA fees ($300-$800/month). And if you're moving into a gated community, just know that your biggest neighborhood drama might be whose landscaper does the best palm tree trimming. 🌴💰
💸 Luxury Homebuyer
If you're going for a luxury homes in Miami in neighborhoods like Brickell, Miami Beach, or Key Biscayne, be prepared to save $100,000 or more. High-end properties require larger down payments, steep closing costs, and HOA fees that can hit $1,000+ per month in luxury condos. Waterfront homes also come with flood insurance, hurricane-proof windows, and dock fees—because in Miami, paradise comes at a premium. 🚤🌇
Where can I find condos for sale in Miami with low HOA fees?
If you're on the hunt for condos for sale in Miami with HOA fees that won't make you wince, you'll need to do a bit of digging. Some luxury condos charge upwards of $1,000 a month—yikes! 💸😬
For more affordable options with HOA fees under $400, look at mid-rise condos in neighborhoods like Edgewater and Little Havana, where fees typically range from $200 to $350 per month. North Miami Beach also offers condos with lower fees, usually between $200 to $300, especially in older buildings that don't come with extravagant amenities.
If you're okay with older buildings, you'll find condos in Allapattah and Westchester offering fees in the $150 to $300 range. These buildings may not have a pool on every floor, but they'll help you keep your wallet full. 🌴💰
And remember—be sure to check for special assessments. That affordable $250 HOA fee might suddenly seem less attractive if you're slapped with a surprise $15,000 assessment for a building upgrade. 🏗️💸
For more affordable options with HOA fees under $400, look at mid-rise condos in neighborhoods like Edgewater and Little Havana, where fees typically range from $200 to $350 per month. North Miami Beach also offers condos with lower fees, usually between $200 to $300, especially in older buildings that don't come with extravagant amenities.
If you're okay with older buildings, you'll find condos in Allapattah and Westchester offering fees in the $150 to $300 range. These buildings may not have a pool on every floor, but they'll help you keep your wallet full. 🌴💰
And remember—be sure to check for special assessments. That affordable $250 HOA fee might suddenly seem less attractive if you're slapped with a surprise $15,000 assessment for a building upgrade. 🏗️💸
Homes For Sale in Edgewater, Miami, FL by Type and Style
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