Miramar real estate sees rapid growth while concerns for affordable housing rise
Miramar is getting the spotlight in the South Florida real estate community for higher sales and new developments.
At a Miami Board of Realtors City Spotlight event Oct. 9, Miramar Commissioner Avril Cherasard moderated a panel with Mayor Wayne M. Messam, Miramar Director of Economic and Business Development Anita Fain Taylor and Keller Williams broker Natascha Tello on key developments and trends in Miramar real estate.
Cherasard, also a realtor, wrote in a Facebook post, “As moderator, I kept the conversation lively and interactive. Knowledgeable panelists ... wowed our audience. An excellent finale to a year’s worth of Successful City Spotlights.”
The event presentation showed that as of August , the median home price in Miramar is up 3.4% year over year at $620,000. Closed sales are up 1.2% while Broward County sales dropped by 7.1%.
Homes in Miramar are only sitting on the market for an average of 42 days.
Since 2019, Miramar has seen over $1.8 billion in commercial sales, according to the Miami Board of Realtors, including $739 million in multifamily projects.
Now, a 125-acre mixed-use development is planned to transform the corner of Miramar Parkway and Red Road by 2028. Miramar Cove, formerly The Park Miramar, will offer over 2,000 apartment units, 200 townhomes, office space, a beach club and hotel.
Jessica Abou, a realtor who attended the event, has lived in Miramar for 25 years.
“I remember when there were just trees and cows. That’s all that was over here out west,” she told the Miramar News.
Abou said Miramar Cove “will add to our property value for sure in Miramar, and it will bring in more investors that will likely want to improve on old Miramar,” referring to Historic Miramar.
“I hope maybe it’ll … give us more restaurants and things to do in our city, which of course will add to our economy, and jobs, which will improve our socioeconomics here in Miramar,” she continued.
The price of real estate has soared in South Florida, and nearby Miami has been dubbed one of the most unaffordable places to live in the U.S. Affordable housing remains a concern when the average income expected for future Miramar Cove residents is $150,000.
The City of Miramar has invested in ParcView affordable townhomes through a donation from Broward County Commissioner Alexandra P. Davis. Pinnacle at La Cabaña, an affordable housing community for seniors, plans to open this year.
Abou said the growth can be attributed to Miramar’s convenient location between Fort Lauderdale and Miami, plus the mayor’s efforts to accommodate a growing population.
“Our mayor is making decisions that will help the growth flourish. Not just adding housing, but also thinking ahead,” she said.
This story was originally published October 13, 2025 at 2:16 PM.
