The Real Deal Miami

More than 500 homes in Miami are listed for at least $1M, study finds

September 26, 2012 12:00PM

Miami Beach Skyline

There are currently 507 homes in Miami Beach on the market for $1 million of more, giving it the fifth most million dollar listings of any ZIP code in the U.S., according to a Coldwell Banker’s  2012 luxury market report cited by Business Insider. Miami Beach also has 106  listings for more than $5 million and 31 asking $10 million or more.

North Miami Beach also made the list, ranking behind Miami Beach at number six, with 498 homes listed at or above $1 million.

Topping the list were the areas surrounding New York and Los Angeles, such as Westport, Conn., and La Jolla, Calif., which took the number one and two spots with 586 and 582 homes asking at least $1 million, respectively. [Business Insider] — Christopher Cameron