Sunset Islands Island Homes for Sale

Sunset Islands Island is a residential community in Miami Beach, Florida. Active listings are currently priced from $110M–$110M.

Pure Equity Realty covers Sunset Islands Island 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 Sunset Islands Island Miami Beach homes for sale as of October 2026. The median asking price is $14.5M. Asking prices run from $9.25M to $110M.

That is 2131% above the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $3,046 per square foot, compared with $697 across Miami Beach. So the median price buys roughly 4,750 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 Sunset Islands Island date from 1939 to 2025. That puts them between 1 and 87 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Sunset Islands Island has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

Rentals in Sunset Islands Island have a median asking rent of $475,000 per month, across 3 active rental listings. For comparison, the Miami Beach median is $3,500, so rents here run 13471% higher.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific Sunset Islands Island home.

Here is what the median Sunset Islands Island price means in Florida closing terms. At $14.5M, a 20% down payment comes to about $2.9M, leaving a loan near $11.6M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $40,600. Next, the intangible tax of 0.2% adds about $23,200. 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 $87,000 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 Sunset Islands Island 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.