How many luxury homes and condos from $1.5M in North Miami have had a price cut?

1 luxury homes and condos from $1.5M in North Miami on the MLS have an asking price below their original list price as of October 30, 2026. 0 were cut in the last seven days. The list updates through the day as the MLS changes.

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

A home or condominium for sale in North Miami from $1.5 million whose current asking price is below its original list price. The threshold is the one the North 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 North 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 North Miami sales before you walk through.

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

Compare it with what similar homes in North 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.

North Miami Luxury Homes With Price Reductions

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

Luxury in North Miami means ocean access and deep water dockage, canal front homes and gated communities, in neighborhoods such as Keystone Point, Sans Souci, Areta Estates, Arch Creek, SoLé Mia and Griffing Biscayne Park Estates. This page starts at $1.5 million, the threshold the North Miami luxury pages already use, and lists every home and condo from there whose asking price is below its original list price, with the previous price, the cut and the date it changed.

A luxury home with a reduced asking price in North Miami

Explore Reduced Luxury Homes · Get My Private Buying Strategy

1 luxury home or condo from $1.5M in North Miami has an asking price below the original list price as of October 30, 2026.

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

North Miami Luxury Price Drops: the Numbers

As of October 30, 2026. Homes and condos for sale in North Miami from $1.5 million whose asking price is below the original list price. BeachesMLS listings (IDX). Asking prices, not closed sales.

Luxury listings with a reduced price: 1
Median price reduction: —
Reduced in the past seven days: 0
Median asking price: —
Reduced in the past 30 days: 1

By Property Type

Single Family Residence: 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

12944 Banyan Road, North Miami: was $2,799,000, now $2,600,000, a cut of $199,000 (7.1%) on Oct 15, 2026

Newest Price Reductions in North 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.

$2,600,000 ~~$2,799,000~~
Reduced $199,000 (7.1%) on Oct 15, 2026
12944 Banyan Road, North Miami FL 33181
4 bd · 3 ba · 2,460 sq ft · Single Family Residence · Waterfront

See Them on the Map

Waterfront Estates and Homes in North Miami

1 listing.

$2,600,000 ~~$2,799,000~~
Reduced $199,000 (7.1%) on Oct 15, 2026
12944 Banyan Road, North Miami FL 33181
4 bd · 3 ba · 2,460 sq ft · Single Family Residence · Waterfront

The Largest Percentage Reductions in North Miami

1 listing.

$2,600,000 ~~$2,799,000~~
Reduced $199,000 (7.1%) on Oct 15, 2026
12944 Banyan Road, North Miami FL 33181
4 bd · 3 ba · 2,460 sq ft · Single Family Residence · Waterfront

What Luxury Buyers Weigh in North Miami

Dockage, water depth and bridge clearance to the inlet decide which sales a waterfront home competes with.
Seawalls and docks are costly to replace; ask for their age and condition before you price an offer.
Gated communities differ in fees and what they cover; compare homes with sales inside the same gates.

This page starts at $1.5 million, the threshold the North 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 North 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

North Miami Luxury Price Drops: Questions

How many luxury homes and condos from $1.5M in North Miami have had a price cut?: 1 luxury homes and condos from $1.5M in North Miami on the MLS have an asking price below their original list price as of October 30, 2026. 0 were cut in the last seven days. The list updates through the day as the MLS changes.
What counts as a luxury home in North Miami on this page?: A home or condominium for sale in North Miami from $1.5 million whose current asking price is below its original list price. The threshold is the one the North 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 North 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 North 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 North Miami is a fair price?: Compare it with what similar homes in North 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.