2020 Top 3 Luxury Neighborhoods in Miami

Miami has carved a reputation in the United States and beyond as not just a city but a lifestyle teeming with art, culture, entertainment, eateries, shopping and, of course, luxurious homes. All these good things are complemented by the beautiful beaches and tropical climate that the Sunshine State is so well known for.

If you are new to Miami, contemplating moving to the city or thinking of buying a home here, one of the biggest decisions you’ll have to make is the neighborhood you’d want to live in. That might not be too hard to do if you don’t mind living just anywhere. However, if you are intent on staying in a luxurious neighborhood, it’s important that you know where to look.

There are several high end addresses in Miami but here’s a look at 3 that have an especially enviable reputation for luxury homes.

1.    Coconut Grove

With a history going back about 200 years, Coconut Grove is one of Miami’s and South Florida’s oldest communities. Situated along Biscayne Bay between Coral Gables and Downtown Miami, this neighborhood’s offering of luxury properties ranges from cottages and waterfront homes, to condos and townhouses. This makes it one of the most sought-after addresses in South Florida.

Most homes are within walking distance of the area’s many shops, parks, bars, restaurants and marinas. This is remarkable because within much of Coconut Grove, there’s a feeling of being tucked away in privacy though you are minutes away from Brickell and South Beach.

Coconut Grove stands out for the laid-back friendly environment, unique artistic expression, serene streets, extensive greenery and Bohemian style. It’s the perfect destination for a lifelong vacation.

The most expensive properties in Coconut Grove are the waterfront homes situated in gated communities where you can expect to pay upwards of $5million when acquiring one. Get in touch with a local service like and you may just be lucky to get one at an attractive bargain.

2.    Indian Creek Island

Sometimes referred to as the Billionaire Bunker, Miami’s Indian Creek Island is the epitome of exclusivity. The 250-acre island has just 40 properties in total and is one of the wealthiest and most elite places in America.

Residents are a diverse mix of Fortune 500 CEOs, Hollywood A-listers and supermodels. Names associated with the island include singer Julio Iglesias, golfer Raymond Floyd, football coach Don Shula, TV host Don Francisco, model Adriana Lima, Calvin Klein cofounder Barry Schwartz and the billionaires Carl Icahn, Peter Breton, Norman Braman and Donny Soffer.

Indian Creek Island is so private that it has a dedicated 24/7 armed security team that patrols it via jeep, boat and jet ski. There’s only one entrance to the island—a bridge linking it to the Bal Harbor neighborhood. Homes here are pricey and you are unlikely to purchase one for anything under $12million. In any case, homes rarely come up for sale.

3.    North Bay Road

The waterfront side of North Bay Road is considered the prime neighborhood for Miami Beach residents. It’s a few minutes away from Purdy Avenue, Lincoln Road and other prime beach locations. North Bay Road is surprisingly quiet considering it runs parallel to the busy Alton Road. Homes here have breathtaking inter-coastal views.

Properties include magnificent estates and stunning mansions accessorized with lavish furnishings and luxury amenities. We are talking fountains, spas, koi ponds, resort-style pools, billiard rooms, fitness centers, wine cellars, theaters and elaborate fireplaces. Some are a few feet away from their own private dock with extensive terraces ideal for entertaining panoramic, breathtaking views of Biscayne Bay.

Lined with one posh home after another, North Bay Road has at various times been home to celebrities like Matt Damon, Ricky Martin, Jennifer Lopez, Chris Bosh, Dwayne Wade and the Bee Gees. Homes here will take you back at least $7million.


If you are looking to buy a luxury home in Miami in 2020, it’s important that these 3 neighborhoods are at the top of your list.