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The Star Island market
Market report · Neighbourhood · Aug 2025
The Star Island market, in numbers
Part of Miami Beach — see the Miami Beach report
Homes in Star Island typically sell in about 293 days.
Some comparisons are hidden until at least 3 transactions close in a month. Medians below are drawn from very small samples — treat them as indicative.
Median sale price
$36.0M
1 sales closed in Aug 2025
Low sampleTime to sell
293 days
typical days on market
Low sampleDays from listing to going under contract.
Sells 174 days slower than Miami Beachdays on market
Your questions, answered
Straight answers from Star Island’s closed transactions.
What does a home here cost?
The median sale closed at $36.0M in Aug 2025. Typical sales ranged $36.0M–$36.0M.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $239k/mo including taxes — comfortable at a household income around $9.56M a year, using the 30% rule.
Is now a good time to buy?
Too few recent sales for a confident read — see the longer-run trend below.
How fast do homes sell?
About 293 days from listing to contract in Aug 2025. The pace picks up toward August and slows around January.
How much room is there to negotiate?
Not enough closed sales this month to measure — the price-cut chart below is the best proxy.
When is the best time to list?
Closings peak in August and bottom out around January. Listing four to six weeks ahead of the peak historically gets the most eyes.
Is it a good rental investment?
Yield needs at least 3 closed sales and 3 closed leases in a month — this area doesn’t clear that bar yet.
Buying vs renting
To buy — median sale price
Sale price, $
$36.0M
Aug 2025 — median $36.0M · 1 sales · 293 days on market · low sample
$36.0M
$36.0M
Aug ’25
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
To rent — median monthly rent
Monthly rent, $
—
MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.
What sells here
Sales mix and median price by property type, last 12 months.
House
$36.0M
100% of sales · 1 closed
Low sampleMarket depth
Supply and demand
Listings per month
Jul 2026 — 0 closed · 0 new · 5 active
0
2
4
6
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
ClosedActive (on market)New listings
Seasonality
Avg closings
Listings move fastest in August
0
0.2
0.4
0.6000000000000001
0.8
J
F
M
A
M
J
J
A
S
O
N
D
Average closings by calendar month, drawn from at least two years of history.
Price-cut pressure
% of active listings
Jul 2026 — 20% of active listings cut · median cut 6.9%
0%
10%
20%
30%
40%
50%
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
3-month averageSingle month
HOA fees per sqft
$ per sqft, monthly
Too few closed transactions to chart HOA fees here.
Median monthly HOA fee per square foot among closed sales.
How neighbourhoods compare across Miami Beach
Median sale price, last 12 months. Tap a row to open its report.
Based on 1 closed transactions over the period shown · Updated Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.