What $5 Million Buys You in Miami vs. Beverly Hills vs. NYC

Best City for Luxury Real Estate in 2025: What $5 Million Buys You in Miami vs. LA vs. NYC

By Jennifer Nicole Lee, Luxury Realtor & Owner of The Best Miami Real Estate

If you’re investing $5 million into real estate, you’re not just buying a home — you’re buying a lifestyle. And when it comes to location, the differences between Miami, Beverly Hills, and New York City are as bold as the skylines themselves.

So what does $5 million really get you in each of these iconic markets?

Let’s break it down — from square footage to amenities to investment potential — so you can make the most empowered, elevated decision for your future.

MIAMI: Where $5M Buys You a Waterfront Dream & the Ultimate Lifestyle

• Property Type: Brand-new luxury condo or modern waterfront home
• Square Footage: 3,000 – 5,500+ SQFT
• Views: Direct ocean, Biscayne Bay, or skyline Waterfront homes Miami
• Amenities: Private elevators, rooftop terraces, smart home automation, resort-style pools, branded residences, beach clubs, and concierge services
• Lifestyle: International energy, palm-lined streets, no state income tax, and a booming luxury market

Example Property:
A 4-bedroom, 4.5-bath penthouse at Origin Residences by Artefacto, complete with floor-to-ceiling windows, private rooftop pool, bay views, and designer interiors — walking distance to Bal Harbour and luxury boutiques.

JNL Insight: Miami offers more space, more style, and more sunshine for your money — especially in neighborhoods like Bay Harbor Islands, Coconut Grove, and Edgewater. We at The Best Miami Real Estate love Miami luxury real estate Also, if you want a blog post on how to Invest in Miami real estate, just ask!

BEVERLY HILLS: Where $5M Gets You Chic, But Not Mega-Sized

• Property Type: Mid-century modern or traditional-style home in the flats or hills
• Square Footage: 2,500 – 4,000 SQFT
• Views: Hillside, canyon, or landscaped gardens
• Amenities: High-end finishes, gated entry, luxe pools, but usually fewer full-service amenities unless in a luxury condo
• Lifestyle: Hollywood glam meets laid-back California luxury — with property taxes and state income taxes to match

Example Property:
A 3-bedroom, 3-bath home in the Beverly Hills Post Office area — beautifully renovated, but not sprawling — with limited yard space and high monthly maintenance costs.

JNL Insight: You’re paying a premium for the zip code. Privacy is key, but square footage and value can feel compressed unless you go above $8M+.

NEW YORK CITY: $5M Buys You a Slice of the Skyline

• Property Type: High-floor condo in Manhattan or Brooklyn luxury tower
• Square Footage: 1,500 – 2,000 SQFT
• Views: Central Park, city skyline, or Hudson River
• Amenities: Doorman, concierge, rooftop lounges, fitness centers, valet service, private storage
• Lifestyle: Fast-paced, cultural, exclusive — and expensive

Example Property:
A 2-bedroom, 2-bath residence in a luxury tower on Billionaire’s Row or Tribeca — chic finishes, breathtaking views, but limited space and sky-high HOA fees.

JNL Insight: In NYC, it’s location over size. Five million gets you prestige, but not necessarily peace or privacy.

FINAL VERDICT: MIAMI WINS FOR VALUE, LIFESTYLE & ROI

When comparing space, lifestyle perks, tax advantages, and investment upside — Miami delivers the strongest value for $5M. It’s not just a place to live. It’s where you build wealth, wellness, and legacy — all under the sun.

As a luxury buyer, don’t settle for less just because it’s “the norm” in LA or NYC. In Miami, you get more house, more lifestyle, and more freedom for your five million.

Ready to Buy Smart & Live in Luxury?

Let’s find your dream home or investment today.

Contact Jennifer Nicole Lee:
Call or Text: 305-305-5002
Email: Info@TheBestMiamiRealEstate.com
Website: www.TheBestMiamiRealEstate.com

Your $5 million deserves the best — and that’s exactly what I deliver.