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Million-dollar home sales signal shift in Miramar’s luxury market. What to know

By Produced using AI, based on original work by Luisa Yanez
Two homes in Miramar sold for more than $1 million during the first week of April, signaling a shift in how the city’s real estate market is perceived. 
Two homes in Miramar sold for more than $1 million during the first week of April, signaling a shift in how the city’s real estate market is perceived.  Matias J. Ocner mocner@miamiherald.com

Two homes in Miramar sold for more than $1 million during the first week of April, signaling a shift in how the city’s real estate market is perceived.

The most expensive sale — a $1.7 million lakefront property in west Miramar — highlights growing demand for luxury housing in an area long viewed as an affordable alternative to nearby cities.

FULL STORY: Demand is growing for Miramar luxury homes. One just sold for $1.7 million

Gated communities such as Silver Lakes have larger homes, lakefront properties and newer construction, which have steadily pushed prices higher in recent years in Miramar.
Gated communities such as Silver Lakes have larger homes, lakefront properties and newer construction, which have steadily pushed prices higher in recent years in Miramar. Matias J. Ocner mocner@miamiherald.com

Here are key takeaways:

  • The top sale closed April 2 at $1.7 million for a five-bedroom, three-bath, 3,273-square-foot lakefront home with a saltwater pool and three-car garage in the Harbour Lakes Estates community in west Miramar.
  • A second home sold the same day for $1.185 million, and a third sold April 1 for $935,000, according to data from Broward County Property Appraiser Marty Kiar’s office.
  • Real estate agent Roger Schaeffler, who specializes in Miramar properties, told the Miramar News that “Million-dollar home sales are getting more and more common in Miramar, even though the properties are not oceanfront.”
  • Most of Miramar’s higher-end housing is concentrated in western neighborhoods such as Miramar Ranches, Silver Lakes and Sunset Lakes, which feature master-planned communities with amenities such as man-made lakes and clubhouses. Areas east of Interstate 75 tend to have older homes and lower prices.
  • Rising prices across South Florida and buyer demand for larger homes and more space are pushing parts of Miramar into what the market now considers luxury territory.

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.

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