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the global portfolio.
Miami Market Brief · August 2026
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the global city
two miamis worth knowing.
miami isn't one market, it's several sitting side by side. two of them come up most in the conversations i'm having: the water-and-glass world of miami beach, and the older, canopied money of coral gables and coconut grove. here's what i'm seeing in each, through the people i work with, over the last twelve months.
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miami beach
miami beach is where the water, the light and the money all meet — and right now everyone wants in. eighteen homes changed hands above $10M this past year, from $24.5M to $36M, and demand keeps rising even as the number of homes for sale thins. the smart move here isn't to wait — it's to get in now, while the right doors are still open. today the island runs from a $10M place on a bay-front street to a $110M architectural masterpiece out on the Sunset Islands — the kind of address that almost never comes around twice.
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+24%
closed sales, year over year
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−5%
available inventory
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18
sales above $10M ($24.5M–$36M)
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$36M
highest recorded sale
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$110M
top active listing (Sunset Islands)
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$3.3M
average sale, broader market
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coral gables & coconut grove
the quiet, tree-lined side of miami isn't a secret anymore. sixty-seven homes closed above $10M here in the past year, and a single coconut grove sale at $101.5M reset the ceiling. full-price deals at $40M and $47M tell you buyers aren't negotiating when the right house appears — they're jumping. one bayfront estate in Gables Estates changed hands entirely off-market at $55M — a Dennis Carvajal deal, and exactly the kind that never shows up in the public numbers. what's available now runs from $5M on a canopied street to a $175M compound on Arvida Parkway.
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67
sales above $10M
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$101.5M
record sale, Coconut Grove
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$55M
off-market, Gables Estates
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$175M
top active (Arvida Parkway)
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my take
the buyers who circled miami for years are moving now — before the listing's even public. that $55M Gables Estates deal is the tell — the best homes trade off-market, between people already in the room. that's the room my miami connections move in, and it's why a first-hand introduction is worth more than any portal.
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on our radar now
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5250 Snapper Creek Road — on market
a gated Gables Estates residence, currently available. film and full gallery on request.
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Fisher Island · Palazzo Della Luna — off-market / pocket
3 bed · 3 bath · 3,620 sf, on one of the most private addresses in Miami. shared only on request.
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addresses and pricing on the pocket listing are held privately. if you'd like the full file, click the link below to send me an email.
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your team in miami
the Dennis Carvajal Group
Sotheby's International Realty · Miami
one of the most active teams at the top of the miami market, across miami beach, coral gables and coconut grove. Dennis Carvajal represented the $55M off-market Gables Estates sale noted above — the kind of quiet, high-conviction deal that defines how the best of this market actually trades. they work the way i do: discreetly, and for people who value it. i only introduce my clients to local teams i've vetted myself, and i stay in the work throughout — so you're looked after to the standard you'd expect from me.
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your next step
see the full file.
want the full miami file, a look at snapper creek, or a private word on the fisher island pocket listing? it all comes through me. one call and i'll set it up.
Ryan Wood · 416 844 5914 · ryan@ryanwoodre.com
request the file
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Harvey Kalles Real Estate
416 844 5914 · ryan@ryanwoodre.com · ryanwoodre.com
The Global Portfolio is produced by Ryan Wood in partnership with Sotheby's International Realty Market Leaders in each market. Miami market data and listings courtesy of the Dennis Carvajal Group, Sotheby's International Realty. Figures are as reported and indicative, not a guarantee of value.
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