Blue Diamond Homes for Sale

Blue Diamond Condo is a luxury waterfront, luxury community in Miami Beach, Miami-Dade County, Florida. Properties are priced from $1,100,000 to $2,000,000. Pure Equity lists homes in Blue Diamond and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Blue Diamond and the Miami Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 4 Blue Diamond Miami Beach homes for sale as of October 2026. The median asking price is $1.27M. Asking prices run from $1.04M to $1.79M.

That is 95% above the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $1,155 per square foot, compared with $697 across Miami Beach. So the median price buys roughly 1,100 square feet of living area.

Listings here have averaged 116 days on the market. That is faster than the Miami Beach average of 174 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Blue Diamond date from 2000, so they are about 26 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Blue Diamond includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Blue Diamond is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

At a median near $1.27M, Blue Diamond sits in the luxury tier of Miami Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Blue Diamond have a median asking rent of $7,100 per month, across 9 active rental listings. For comparison, the Miami Beach median is $3,500, so rents here run 103% higher.

For investors, those medians imply a gross yield near 6.7% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific Blue Diamond home.

Here is what the median Blue Diamond price means in Florida closing terms. At $1.27M, a 20% down payment comes to about $254,000, leaving a loan near $1.02M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,556. Next, the intangible tax of 0.2% adds about $2,032. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $7,620 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Blue Diamond listings show assignments to North Beach (elementary), Miami Beach Nautilus (middle) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.