Miamism Blog

You are here

Belle Meade Real Estate - monthly market report - November 2021

Ines Hegedus-Garcia

How is the Belle Meade Real Estate Market Doing?

There are currently 8 homes for sale in Belle Meade (same as last month):

  • Highest priced listing $19.5 Million for the huge open bay property with 480' of water frontage and 29,452 SF of land which includes 7301 and 7305 Belle Meade Island Dr
  • Lowest priced listing is $725,000 for the 2/1 home at 828 NE 76th St.
  • Pending Sales (Properties under contract): 8
  • Median Sales Price in November: $1 Million
  • Closed sales in November: 5 (same as October)


What sold in Belle Meade last month?

There were 5 Belle Meade Homes sold in November. For a list of all properties sold in past months please email us at


What is the average price per square foot in Belle Meade?

Belle Meade Waterfront Sales

There were 2 waterfront homes sold in Belle Meade in November averaging $1,503 per square foot. Averages of previous months:

  • October's average -$823
  • September's average - no sales
  • August's average - no sales
  • July's average - no sales
  • June's average - $1,497 (one sale)
  • May's average - $853 (one sale)
  • April's average - $675
  • March's average - no sales
  • February's average - $830
  • January's average - $790/SF
  • 2020's average of $416

Belle Meade Non-Waterfront Sales (Dry Lots)

There were 3 dry-lot Belle Meade homes  sold in November averaging $645/SF, average sold price per square foot in past months as follows:

  • October's average - 594
  • September's average - no sales
  • August's average: $589
  • July's average: $490
  • June's average: $568
  • May's average - $457
  • April's average - $501
  • March's average - $461
  • February's average - $339
  • January's average - $471
  • 2020's average of $921


Top 3 Sales in Belle Meade in November (by square footage)

  • 1950's  canal-front home in Belle Meade Island with 4 bedrooms / 3 bathrooms, 2,257 SF on 21,945 SF lot with 133' of water frontage. This home was listed for $3.75 Million in May, MLS shows a contract that fell through and was relisted for $3.65 Million - It sold for $3,558,750 ($1,577/SF) *cash transaction
  • Canal front home in Belle Meade Island with 4 bedrooms / 3 bathrooms, 1,996 SF on 12,375 SF lot with 75' of water frontage. It was listed for $2.85 Million in August and sold for full price ($1,428/SF) *cash transaction
  • Beautiful 30's home on a dry lot at 641 NE 92 St with 3 bedrooms / 2 bathrooms, 1,010 SF on 8,850 SF lot. This home sold for $620,000 in October of 2020, was relisted for $1,075,000 the same day and sold for $1 Million ($990/SF) *cash transaction


Belle Meade Opinion

We provide a comprehensive 3D market report with in-depth data from the last 12 months that you can download HERE.

Some key points you should know:

  • Seller's market with only 3 months of inventory.
  • Average Sales Price is $1.8 Million
  • Average Discount is 6%
  • Sweet spot in sales: homes between $1-1.5 M and above $2 Million
  • 34.5% of all deals are CASH
  • 72.2% of buyers are primary residents


Recent Posts

2021 proved to be an amazing year for Keystone Point Real Estate and we can agree that "record breaking" doesn't even begin to describe it.  Whether you were on the buying or selling side, you know Keystone Point will... more

A lot of you will be reading this thinking its a bit boring (at least Rick thinks so), but I wanted to address this because a lot of our Miami Beach Real Estate customers are constantly asking us about certain elements  of... more

It's never easy being involved in an estate sale when a family needs to deal with the sale of a home in the midst of dealing with the loss of a loved one.  Thank you so much Liz, for trusting us and for the beautiful... more

2021 was a record breaking year for Surfside Real Estate as well as many other markets across South Florida and the rest of the nation.  Prices are still soaring because of persistent lack of inventory as well as high buyer... more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.