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What $5M buys across Miami

House hunting with a healthy budget

A Mediterranean mansion in Coral Gables on a large corner lot
2800 Alhambra Circle, Coral Gables
via Aimee Davis

Welcome to Curbed Comparisons, a column that explores what one can rent or buy for a set dollar amount across various South Florida neighborhoods. Is one man's studio another man's townhouse? Let's find out!

Last week we featured rentals across the Miami area with a $2100 budget.

Today we take a look at homes for sale in Brickell, Bal Harbour, Coral Gables, Key Biscayne, and Miami Beach asking no more than $5 million. We ended up with a nice mix of houses and condos, both on and off the water, and of varying sizes.

Note: Nothing under 3,000 square feet was even considered because at a $5 million price point, anything less is frigging insanity. Even for Miami.

The homes are arranged from least to most expensive, beginning in Coral Gables.

Coral Gables: 2800 Alhambra Circle

$4,395,000 ($618 per square foot)

Our first home is also the largest, at 7,113 square feet with seven bedrooms and eight bathrooms. Dubbed Villa Alhambra, it boasts an exotic wood fireplace, a spiral hand-crafted staircase, an elevator, motorized chandeliers, and a gourmet kitchen.

Brickell: 900 Brickell Key #3103

$4,495,000 ($1,323 per square foot)

Here’s a 3,398-square-foot renovated unit on Brickell Key with four bedrooms, six bathrooms and Savant smart home automation. It includes an open Leicht kitchen, Carrara imported marble counter, and bay views.

Coconut Grove: 2675 South Bayshore Drive #1202


Become a resident at the twisting new towers of the Grove at Grand Bay with this 3,745-square-foot corner unit on the 12th floor with four bedrooms, six bathrooms and views of the bay.

Miami Beach: 445 East Dilido Drive

$4,800,000 ($1,548 per square foot)

Here’s a 3,100-square-foot modern Mediterranean home in the Venetian Islands with three bedrooms, three bathrooms, and a unique living area with arced entrances, wood flooring, and bay views.

Key Biscayne: 531 South Mashta Drive

$4,800,000 ($1,025 per square foot)

A beautiful contemporary built in 2013 with four bedrooms, four and a half bathrooms, and 4,681 square feet of living space. It features a river stone pool, hot tub, and fire pit out back.