The heat is on! 10 most expensive rental properties in Miami right now
Miami has always been known for its sun and its style, two elements that attract international artists, professional athletes and East Coast moguls looking for an escape.
But thanks to Florida’s favorable tax laws as well as the COVID-19 pandemic, a more diverse crowd is flocking to Miami, including Californians and crypto titans.
“A wider variety of people are moving to Miami now, drawn to its weather, culture, galleries, sports, growing tech industry and sense of freedom,” said Daniel Tzinkerluxury sales director at The Agency.
While some transplants may prefer to rent while they acclimate to Florida, Tzinker notes that many newbies to Miami would prefer to buy.
But as with many markets nationwide, there is a shortage of residential inventory in parts of South Florida. Buyers may need a rental while they wait for their ideal home to come on the market or for it to be renovated to their liking.
This in turn creates rental demand, with prices rising.
“Some condo rental prices in the most desirable locations have doubled over the past year,” says Tzinker.
As temperatures and prices rise, luxury amenities designed to lure renters to lavish properties are also on the rise.
And to take a look at the top of Miami’s rental market, we’ve got the 10 most expensive homes available right now.
Price: $150,000 per month
Water, water everywhere: This 7,400 square foot home on San Marcos Island features a large dock in the back to park a watercraft. But the real highlight might be the rooftop pool equipped with underwater sound.
Other luxury features include a stocked chef’s kitchen, home theater, bar, and waterfront terraces with downtown views.
Fully renovated in 2015, the seven-bedroom home features an array of retractable glass walls and windows that can be controlled by one of the home’s nine iPad devices. These devices also control the climate, lighting and sound of the house.
Price: $130,000 per month
Life at height: Located on the top floor of the One Thousand Museum building, designed by the famous architect Zaha Hadid—this 10,352 square foot penthouse features over 1,100 square feet of terraces overlooking Biscayne Bay and the Atlantic Ocean.
The gorgeous interiors of the five-bedroom unit include a large living room with floor-to-ceiling windows, a media room/den, and a chef’s kitchen.
The building offers car service, beach service, spa and outdoor swimming pool. Another premium benefit? Miami’s only heliport is located on the rooftop.
Price: $91,000 per month
Entertainment to spare: You can try this elegant Mediterranean on a short-term charter before committing longer. It’s available as a vacation rental for $3,000 per night or $21,000 per week, which almost knocks the price of $91,000 per month into a bargain.
Fully furnished, the 5,100 square foot home even includes a giant Jenga tower and horseshoes for playing on the grassy lawn. The three-level home is equipped with an elevator, heated pool, game room, and 12-seat home theater.
The location is also a big plus: it’s close to Brickell, Coconut Grove, and Coral Gables, as well as a short drive to downtown Miami.
Price: $90,000 per month
Waterfront Wonderland: This marvelous Mediterranean has 140 feet of water frontage and a dock with a boat lift.
The estate offers 12,000 square feet of living space, including nine bedrooms and nine bathrooms in the main house and two bedrooms and one bathroom in the guest house.
And although it’s right on the water, it has its own pool and spa, with an outdoor kitchen for snacks.
Inside, it’s all colorful Spanish tiling, wrought-iron railings, and gleaming white walls, with brand new fixtures and fittings.
Price: $85,000 per month
Hidden Gem: Situated on a cove, this six-bedroom home is virtually hidden from prying eyes from all sides.
It’s a fascinating mix of old and new. The interior design is described as Polynesian, probably a reference to all the teak work inside. The staircase and the cement floor offer a contemporary touch.
What really stands out is the waterfront and the quay. In addition, the outdoor swimming pool is next to the dining and relaxation areas.
Price: $80,000 per month
Brilliant white: Sparkling white and spotless inside and out, this 2020 built contemporary waterfront home is dazzling. An infinity pool just off the dock is new.
The two-story, five-bedroom home includes two kitchens equipped with stainless steel appliances. Light wood floors warm the place.
This stunner is not just sitting to Biscayne Bay, but is also in Biscayne Bay. It’s on a street that acts as a sort of bridge between the mainland and Miami Beach.
Price: $75,000 per month
Go Ape: This state-of-the-art pad includes a temperature-controlled cigar and wine lounge. However, we are transfixed by the giant red gorilla in the living room. He seems positioned to throw a Dom Pérignon Melchizedek at innocent passers-by. Could it be a remnant of Art Basel?
Wherever the gorilla comes from, tenants will appreciate the clean decor of this five-bedroom residence. It is located in the Brickell neighborhood, close to the water and world-class restaurants and shopping.
Rooms are spacious with floor-to-ceiling windows and high ceilings. Outside there is a swimming pool, kitchen and lounge areas. Tall trees and mature foliage provide tenants with all the privacy they need.
Price: $65,000 per month
Luxury life: This sumptuous expanse includes a main house, a guest house, a swimming pool and a basketball court.
The main house offers a mixture of elegance and fantasy. In addition to the marble floor, walls and countertops, you will find a stair rail inspired by a trombone.
It can easily accommodate a large group or family and is located directly on a canal with ocean access.
Price: $65,000 per month
Lake life: This modern beauty sits right on a lake and features a new pool and spa.
The chic five-bedroom home features floor-to-ceiling windows and high ceilings. A wide open kitchen and a smartly designed floating staircase add to the luxurious style. It’s located in a great neighborhood and it’s the type of place a renter might want to move in and stay for a while.
Price: $65,000 per month
Tiki chic: Conservative at the front, party at the back. This house offers a boffo backyard with brightly painted walls, a giant Tiki bar and dining area, and yet another one of those giant gorilla statues. We bet crypto money was spent on this house, as the Bitcoin symbol is apparent on a giant wall chart.
The five-bedroom home is outfitted with a state-of-the-art kitchen and an otherworldly game room with a pool table, foosball and giant TV. Sonos speakers fill the house with sound.
Set back on grounds that measure just over an acre and surrounded by thick Florida foliage, it’s a real party spot.