The Miami Pulse.

Private Market Intelligence | January 2026.

INTRODUCTION

Miami’s Luxury Market Momentum

Miami continues to assert itself as one of the world’s most resilient luxury real estate markets. While parts of the national landscape recalibrate, capital, celebrities, and global buyers remain highly active at the top end of the market. Below is a curated snapshot of the transactions, developments, and listings that matter most right now.

CELEBRITY & ULTRA-WEALTH ACTIVITY.

Coconut Grove Makes a Statement

Tech billionaire Larry Page quietly acquired multiple waterfront estates in Coconut Grove, totaling approximately $173 million. One of the purchases includes the iconic Banyan Ridge compound, which alone traded north of $100 million.

Coconut Grove has firmly entered the global elite tier, offering rare waterfront parcels, privacy, and a refined lifestyle just minutes from downtown Miami.t.

NOTABLE LUXURY SALES

Coral Gables | $14M Sale

Music producer Timbaland closed on the sale of his Coral Gables estate at $14 million, reinforcing that well-positioned luxury homes continue to trade when pricing and execution align. He is no longer neighbors with his cousin Pharrell.

Ultra-Luxury Acquisition in Florida | $54.9M (Reported)

Pop icon The Weeknd is reportedly under contract to acquire a $54.9 million waterfront estate in Florida, set on a sprawling 1.5-acre peninsula with water exposure on three sides. According to The Wall Street Journal, the Coral Gables residence—described as truly “incomparable”—sits on a distinctive V-shaped peninsula, offering panoramic water views and a private, resort-style setting. A striking blue swimming pool featuring an intricate swirling mosaic extends toward the tip of the peninsula, framed by mature palms and unobstructed water vistas.

The property includes a deep-water dock capable of accommodating a 200-foot superyacht, a level of scale and privacy rarely seen in South Florida.

DEVELOPMENT & CONSTRUCTION.

Brickell | $565M Construction Financing Approved

One of Brickell’s most ambitious luxury towers, 1428 Brickell, secured $565 million in construction financing. Residences begin in the multi-million-dollar range, with ultra-luxury penthouses anchoring the top of the project.

Institutional capital continues to back best-in-class Miami developments, even as financing tightens elsewhere nationwide.

PENTHOUSES & SKY-LEVEL TROPHY LISTINGS

Edgewater | $55M Triplex Penthouse

A newly listed $55 million triplex penthouse in Edgewater is drawing global attention, offering expansive outdoor terraces and panoramic Biscayne Bay views.

Aria Reserve South | $8.99M Triplex Penthouse

An $8.99 million triplex penthouse at Aria Reserve South presents an opportunity for buyers seeking new construction, scale, and unobstructed water views—without entering the highest pricing tier.

MARKET INSIGHT.

New Construction Over $4M — What Buyers Are Prioritizing

Across Brickell, Edgewater, and Miami’s waterfront corridors, buyers in the $4 million to $10 million-plus range are prioritizing:

  • New or nearly new construction

  • Full-service buildings with discretion and premium amenities

  • Water views or direct waterfront positioning

  • Clean, modern architecture over dated luxury

FINAL THOUGHT

Miami continues to reward decisive buyers and well-positioned sellers. Opportunities remain strong, but they are increasingly concentrated among exceptional assets, prime locations, and informed decision-making.

For discreet conversations around off-market opportunities, new developments, or strategic positioning, I’m always available.