How many luxury homes and condos from $2M in Miami have had a price cut?

27 luxury homes and condos from $2M in Miami on the MLS have an asking price below their original list price as of October 31, 2026, with a median asking price of $2,765,900 and a median cut of $151,000 (4.8%). 22 were cut in the last seven days. The list updates through the day as the MLS changes.

What counts as a luxury home in Miami on this page?

A home or condominium for sale in Miami from $2 million whose current asking price is below its original list price. The threshold is the one the Miami luxury pages already use for this market, so the count here can differ from the city's share of the South Florida hub, which starts at $1.5 million.

Can I tour a Miami luxury home that just had a price cut?

Yes. Showings on luxury homes are usually by appointment with proof of funds or a lender letter, and a reduction often brings new showing requests, so ask early. A BreakThru Realty agent books the showing and sends the recent Miami sales before you walk through.

How do I know whether a reduced price in Miami is a fair price?

Compare it with what similar homes in Miami closed for in the last six months, adjusted for the water, the lot, the condition and the view, and read the listing's own price history. A reduction that brings the home in line with those sales is a fair price. One that still sits above them leaves room to negotiate. A broker pulls the sales and reads them with you before you offer.

Miami Luxury Homes With Price Reductions

Your Next Luxury Home in Miami. A New Price. A New Opportunity.

Luxury in the city of Miami is bayfront and skyline: the towers of Brickell and Edgewater, the waterfront houses of Belle Meade, Morningside and Bay Point, the estates along the Coconut Grove shoreline and the gated streets of Coral Way. A reduced asking price on a Brickell condominium and one on a bayfront house answer different questions, so read each against its own sales.

A luxury home with a reduced asking price in Miami

Explore Reduced Luxury Homes · Get My Private Buying Strategy

27 luxury homes and condos from $2M in Miami have an asking price below the original list price as of October 31, 2026.

BreakThru Realty · Founder and Broker of Record: Tyson E. Sam, Florida License 3565210

Miami Luxury Price Drops: the Numbers

As of October 31, 2026. Homes and condos for sale in Miami from $2 million whose asking price is below the original list price. BeachesMLS listings (IDX). Asking prices, not closed sales.

Luxury listings with a reduced price: 27
Median price reduction: $151,000 (4.8%)
Reduced in the past seven days: 22
Median asking price: $2,765,900
Reduced in the past 30 days: 27

By Property Type

Condominium: 14
Single Family Residence: 12
Townhouse: 1

A median of fewer than 5 listings is shown as —. A cut larger than half the original price is left out as a data entry error. A home entered twice in the MLS appears once.

The Largest Reductions Right Now

1000 Biscayne Boulevard 5801, Miami: was $21,000,000, now $17,500,000, a cut of $3,500,000 (16.7%) on Oct 26, 2026
1451 Brickell Avenue 4403, Miami: was $4,500,000, now $3,000,000, a cut of $1,500,000 (33.3%) on Oct 30, 2026
300 Biscayne Boulevard Way 2103C, Miami: was $4,690,000, now $4,000,000, a cut of $690,000 (14.7%) on Oct 26, 2026
2627 S Bayshore Drive 1408, Miami: was $2,650,000, now $2,195,000, a cut of $455,000 (17.2%) on Oct 26, 2026
601 NE 56th Street, Miami: was $7,999,000, now $7,650,000, a cut of $349,000 (4.4%) on Oct 23, 2026
1161 NE 86th Street, Miami: was $2,890,000, now $2,590,000, a cut of $300,000 (10.4%) on Oct 30, 2026

Newest Price Reductions in Miami

Each card shows the current asking price, the previous asking price, the reduction in dollars and percent and the date the price changed, from the MLS record. Sort and filter the list by location, price, property type, bedrooms, waterfront, reduction and date on this page.

See Them on the Map

Waterfront Estates and Homes in Miami

6 listings.

Luxury Condominiums in Miami

14 listings.

Reduced in the Past Seven Days in Miami

22 listings.

The Largest Percentage Reductions in Miami

27 listings.

What Luxury Buyers Weigh in Miami

In a tower, the floor, the line and the view set the price; the building's reserves, its recertification and any special assessment set what it costs to own.
Bayfront houses are priced on the seawall, the dock and open bay versus canal; the route to the bay matters to boaters.
New construction towers compete with resales; a developer's current pricing is part of the comparison.

This page starts at $2 million, the threshold the Miami luxury pages already use.

A Lower Asking Price Is Only the Beginning

The right purchase starts with understanding what a property is worth today. BreakThru Realty evaluates the comparable sales, the pricing history, the condition of the property and the competing listings, so you approach each opportunity with information, confidence and a clear negotiation strategy. A reduction that brings a home in line with the sales around it is a fair price. A reduction on a home that started far above them may still leave room to negotiate. The figures tell you which, and we read them with you.

Find the Right Home. Understand the Real Opportunity.

Beyond the asking price, a luxury home carries questions the listing does not answer: the seawall and the dock, the roof and the windows, the condominium reserves and any special assessment, the flood zone and the insurance quote, the club membership and what it costs to transfer. A BreakThru Realty broker works through them before you offer, compares the home with the closed sales it competes with and recommends a price and terms. You decide with the whole picture, not the headline number.

How to Read a Price Reduction

Measure the cut against the sales, not the first ask: A $200,000 reduction on a home that started $500,000 above its neighbors is still a high price. Before you treat a cut as a discount, compare the new price with the closed sales nearest the home. We pull them for you.
Count the days on market: A cut after two weeks is a correction. A cut after six months says the market has had a long look at the first price. Neither tells you how the seller will respond to an offer; the recent sales and the condition of the home do.
Read the price history: A second reduction tells you the first price did not meet the market and the second one is being tested now. It does not tell you why. Ask for the full history before you decide how much of the gap to test.
Ask what changed: Some cuts follow an inspection finding, a contract that fell through or a new listing nearby at a lower price. The listing broker can usually say, and the answer shapes your offer and your contingencies.

Get Luxury Price Drop Alerts for Miami

Choose a place and a budget. We email you each luxury home whose asking price is reduced, straight from the MLS, with the previous price and the new one. Sign up on this page, or call or text (786) 914-1017 and we set it up for you.

Request a Private Luxury Property Review

Tell a licensed BreakThru Realty broker which home interests you. We pull the closed sales it competes with, its full price history and its days on market, then recommend an offer price and terms. Nothing reaches the listing broker until you decide to offer. Call or text (786) 914-1017 or email sales@breakthrurealty.com.

What happens next: a broker replies within one business day with the sales comparison and the negotiation considerations, and books a private showing at a time that suits you.

Considering Selling Your Luxury Home?

Before reducing your asking price, understand what qualified buyers are looking for today. BreakThru Realty works with buyers actively searching for luxury homes across South Florida, and your property might already match what someone working with our brokerage has asked us to find. A broker checks it against those requirements and tells you what the records show, then builds the pricing and marketing plan around your objectives.

Connect with our PreApproved Buyers

Miami Luxury Price Drops: Questions

How many luxury homes and condos from $2M in Miami have had a price cut?: 27 luxury homes and condos from $2M in Miami on the MLS have an asking price below their original list price as of October 31, 2026, with a median asking price of $2,765,900 and a median cut of $151,000 (4.8%). 22 were cut in the last seven days. The list updates through the day as the MLS changes.
What counts as a luxury home in Miami on this page?: A home or condominium for sale in Miami from $2 million whose current asking price is below its original list price. The threshold is the one the Miami luxury pages already use for this market, so the count here can differ from the city's share of the South Florida hub, which starts at $1.5 million.
Can I tour a Miami luxury home that just had a price cut?: Yes. Showings on luxury homes are usually by appointment with proof of funds or a lender letter, and a reduction often brings new showing requests, so ask early. A BreakThru Realty agent books the showing and sends the recent Miami sales before you walk through.
To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.
How do I know whether a reduced price in Miami is a fair price?: Compare it with what similar homes in Miami closed for in the last six months, adjusted for the water, the lot, the condition and the view, and read the listing's own price history. A reduction that brings the home in line with those sales is a fair price. One that still sits above them leaves room to negotiate. A broker pulls the sales and reads them with you before you offer.