Miami’s Ultra-Luxury Rental Market: Six-Figure Leases, Turnkey Living, and When Renting Beats Buying

Six-figure monthly leases are no longer a curiosity in Miami. They are a definable, marketed tier shaped by trophy waterfront addresses, design-forward villa inventory, and a growing expectation of hospitality-level service. For high-net-worth residents and second-home buyers, the decision to rent can be less about compromise and more about control: controlling time, management burden, and all-in carrying costs while preserving flexibility in a market where top-end demand remains intense.