We recently partnered with a Miami based investor and this is our take away from that wonderful yet trying (every deal has its ups and downs) experience…
Sun, sand, nice beaches, palm tree-lined beach fronts, classy homes, glitzy fashion districts. People have plenty of reasons for moving to Miami, particularly Miami beach, including the sunny skies and diverse cultures. Since Miami is know to be a truly a diverse city, there is a wide array of available Miami Beach real estate choices. A potential home-buyer’s options would include locations from the ocean to the bay, and varying structures from small apartments to sprawling mansions.
Currently, the real estate scene in Miami Beach has been booming! I’m told it has greatly improved from the old, conventional low-rise Miami Beach properties to spectacular high-rise condos, with prices ranging from the $300,000 price range to over the $5 million+ mark. Miami Beach real estate properties on South Beach are usually in the extravagant Art Deco District, which encompasses 16 city blocks.
The varying types of real estate in this area are surrounded by more than 800 unique buildings of distinct style, consisting of hotels and apartment buildings, which have inspired the renaissance of this neighborhood, and further entrenched the color and lifestyle. The Art Deco District attracts showbiz celebrities and socialites who savor the trendy night-life and its countless outdoor cafes along Ocean Drive, as well as for single folks and young families who enjoy the urban lifestyle, and indulge in the pleasure of doing convenient walks to the local beaches, stores, clubs and restaurants.
The distinct advantages of owning real estate property in Miami Beach include the nine miles of sandy, palm-fringed 300-foot wide beach fronts, as well as an abundance of places to swim, sunbathe, jet-ski, and fish and do parasailing and other water sports. Another convenient spot for both ardent and casual walkers and joggers is the boardwalk located along the northern part of the beach.
Aside from the wonderful beachfront, the city’s arts, production and entertainment communities also add to the attractiveness of owning real estate in Miami Beach. On the cultural and artistic front, the Bass Museum of Art exhibits exquisite art, and the Miami Beach Garden Center and Conservatory contains exotic flowers and flora. The district also boasts of world-famous nightclubs and bars, as well as restaurants and cafes.
One of the more popular areas of Miami Beach is South Beach, also known as SoBe, or The Beach. Topless sunbathing is tolerated on some designated areas of the beach. The TV show Miami Vice helped make the area popular as well. Today, South Beach is considered one of the richest commercial areas in the area. Miami Beach, specifically Ocean Drive of what is now the Art Deco District, was also featured prominently in the movie Scarface, further adding to its glitzy status.
At present, the South Beach section of Miami Beach is a major entertainment center with hundreds of nightclubs, restaurants and oceanfront hotels. The district is famous with both American and international tourists, with German being the third most spoken language after English and Spanish. The hefty influx of European tourists explains South Beach’s tolerance of topless sunbathing, despite it being a public beach. Another unique aesthetic fixture of South Beach is the presence of several colorful and unique lifeguard stands, which are still used today by South Beach’s lifeguards.
The project we worked on with the Miami based investor showed us why so many people are attracted to the area and why there is so much opportunity. We are looking to do more projects in the area, specifically but not limited to Coral Gables, Kendall, Wynwood, Coconut Grove and Brickell. If you any a property in the Miami or Fort Lauderdale area that you want to sell or if you come across a deal that you want to joint venture on please contact us by visiting www.FairHouseOffer.net or call/text 888-277-2711