Hibiscus, Star and Palm Islands, Miami aerial over Biscayne Bay—private islands lined with estates and nearby luxury and ultra luxury condos; renowned resale market.
Hibiscus, Star and Palm Islands, Miami aerial over Biscayne Bay—private islands lined with estates and nearby luxury and ultra luxury condos; renowned resale market.

Private Islands in South Florida: A Buyer’s Guide to the Keys, Biscayne Bay, and the Island-Address Alternative

Private-island shopping in South Florida sits at the intersection of romance and regulation. Inventory exists, but it is thin and often marketed through portals and boutique channels; pricing spans widely, and the true differentiator is not just shoreline or sunset exposure, but what you can legally build, dock, insure, and maintain. This guide outlines the micro-markets most often associated with “island living” in the Florida Keys and Biscayne Bay, then translates the state’s ownership and permitting realities into a due-diligence framework. Finally, it offers a pragmatic option for buyers who want the island feel with a more predictable operational burden: the island-address residence in Miami’s most refined waterfront buildings.

Vita at Grove Isle, Coconut Grove sunset veranda facing Biscayne Bay—island‑style luxury and ultra luxury condos; preconstruction.
Vita at Grove Isle, Coconut Grove sunset veranda facing Biscayne Bay—island‑style luxury and ultra luxury condos; preconstruction.

Coconut Grove vs. Key Biscayne: A Luxury Buyer’s Guide to Miami’s Two Most Livable Enclaves

For South Florida buyers deciding between Coconut Grove’s bayfront village energy and Key Biscayne’s barrier-island calm, the right choice comes down to daily rhythm, access, and what you want your views to feel like at 7 a.m. This MILLION Luxury guide frames the decision through lifestyle anchors, market signals, and the places you will actually use: parks, beaches, cultural institutions, and the on-foot convenience that quietly defines long-term satisfaction.

The Perigon Miami Beach ocean‑view suite with terrace—serene interiors in luxury and ultra luxury condos; preconstruction.
The Perigon Miami Beach ocean‑view suite with terrace—serene interiors in luxury and ultra luxury condos; preconstruction.

The Entertainment-Suite Era: Bowling Alleys, Private Theaters, and South Florida’s New Trophy-Home Standard

Across South Florida, the modern trophy residence is increasingly defined by what it can host, screen, and showcase. From Manalapan compounds to Miami Beach branded towers, entertainment suites have become a quiet signal of taste, privacy, and scale.

THE WELL Coconut Grove, Miami waterfront high‑rises and marinas—sought‑after area for luxury and ultra luxury condos; preconstruction.
THE WELL Coconut Grove, Miami waterfront high‑rises and marinas—sought‑after area for luxury and ultra luxury condos; preconstruction.

Coconut Grove’s Billionaire Moment: Miami’s Oldest Village Enters a New Luxury Era

Once defined by an independent, creative spirit, Coconut Grove is now being discussed as one of South Florida’s most consequential addresses for extreme wealth. A wave of headline waterfront acquisitions, paired with a carefully upgraded village core and a growing roster of luxury residences, has shifted the Grove from charming to strategic. For buyers, the opportunity is not simply to own in a fashionable pocket, but to secure a lifestyle that feels rare in Miami: walkable, waterfront-adjacent, culturally anchored, and quietly protected by low-supply geography.

South of Fifth, Miami Beach skyline view over Biscayne Bay—prime South Beach zone of luxury and ultra luxury condos; preconstruction and resale.
South of Fifth, Miami Beach skyline view over Biscayne Bay—prime South Beach zone of luxury and ultra luxury condos; preconstruction and resale.

Records, Whisper Listings, and the New Playbook for South Florida Ultra-Prime Real Estate

A discreet field guide to how record sales, off-market strategy, and billionaire-style compound thinking are reshaping pricing and positioning from Miami Beach to Naples.

Fisher Island, Miami marina framed by skyline and resort architecture—secluded setting of luxury and ultra luxury condos; premier resale opportunities.
Fisher Island, Miami marina framed by skyline and resort architecture—secluded setting of luxury and ultra luxury condos; premier resale opportunities.

Miami vs. the Caribbean: The New Second-Home Equation for Ultra-Wealthy Buyers

Miami’s second-home story has shifted from lifestyle upgrade to strategic positioning. In recent residential real estate analysis, Miami was ranked as the global epicenter for ultra-wealthy second homes, with roughly 13,200 ultra-high-net-worth individuals reported to own second homes here. At the same time, tax policy headlines, including a proposed California “Billionaire Tax Act” framework described as a one-time 5% excise tax on worldwide net worth above $1 billion, have sharpened the contrast between U.S. metros and offshore alternatives. For South Florida buyers, the real comparison is not “Miami or an island.” It is “Miami plus an island,” or “Miami as the operational base with optionality elsewhere.” The Caribbean remains compelling for privacy, seclusion, and residency pathways in certain jurisdictions. Yet Miami’s advantage is institutional: depth of healthcare, market liquidity and transparency, aviation and marine services, and a year-round social and cultural calendar. This is why the conversation has become less about pure escape and more about building a second-home portfolio that performs under scrutiny, whether that scrutiny is financial, familial, or geopolitical.

About Us

MILLION is a luxury real estate boutique specializing in South Florida's most exclusive properties. We serve discerning clients with discretion, personalized service, and the refined excellence that defines modern luxury.