Why Buy a Property in Miami Beach?

An Increasing Market

When comparing the behavior of the market this year to last year, we are seeing that the real estate market in Miami Beach is experiencing an increase in demand. This doesn’t come as a surprise as this is following the general performance of Miami as a whole.

Comparing the closed sales for the first 6 months of 2019 vs 2020, the increase year to year is over 20%, which represents a strong increase considering the current circumstances and the many recent sales not yet reflected in the public records.  It is remarkable to see these kinds of results in the middle of a pandemic which can impose obvious economic challenges.  More good news for buyers is the sale price. The properties provided an average discount between 10% and 15% on their original price. 

Many sellers are in a weakened position and in need to get liquidity. They are offloading their real estate assets and buyers are currently in a stronger position.  If you are one of those buyers willing to get in and make a deal, you might see some opportunities that you would normally never see in this desired area.

An Attractive Place to Live

Miami Beach is one of the most desirable areas in the world.  With sun, beaches, and nightlife, everything is appealing in Miami Beach.  The area attracts everyone from tourists, to investors and locals.  This is thanks to the atmosphere - restaurants, bars, shops, beaches, walkable areas, etc. In addition, some projects are in development such as the URBIN co-working spaces, 500 Alton park and condos ($160 million project) and President of Terra Group David Martin’s marina development.  Miami Beach is definitely the place to be.

Where to Buy?

- Venetian Islands:  The Venetian Islands are a chain of 6 islands north of Palm Island, Hibiscus Island and Star Island in Biscayne Bay, which are part of both the cities of Miami and Miami Beach.  Heading west on the Venetian Causeway offers easy access to Downtown Miami, the American Airlines Arena, the Bayside Marketplace with a large selection of shops and dining choices, and the Port of Miami, home to some of the largest cruise ships in the world.  Within minutes, as you head east on the Venetian Causeway and exit on 17th Street, you will be in the heart of the vibrant South Beach area with Lincoln Road, known for its trendy shops and exciting nightlife.  The Venetian Islands feature a number of beautifully landscaped, luxury, waterfront homes furnished with lavish detailing and offering spectacular views of Biscayne Bay and the Miami skyline. So many from around the world have found this tropical paradise, and it continues to be a top location for the wealthy who want to retreat to an elegant, relaxing, island lifestyle.

- Apogee Residences:  With only 67 total residences on 22 floors (four residences per floor), Apogee South Beach offers the privacy and exclusivity of a single-family home on the water along with the convenience, services and amenities of a world-class resort.  The exclusive Apogee condos range in size from 3,000 to 6,000 square feet (370 to 600 m²) and feature state-of-the-art kitchens outfitted with exceptional cabinetry and appliances.  The floor-to-ceiling windows and 11-foot (3 m) wide terraces offer dramatic views of the Atlantic Ocean, Biscayne Bay, Miami skyline and Fisher Island. The exclusive waterfront condos in Apogee Miami Beach also come equipped with a master remote control, private elevator access, summer kitchen, keyless fingerprint door entry and a private, enclosed double-car garage.

- 57 Ocean:  Located in the heart of Miami Beach's iconic Millionaire's Row, 57 Ocean is the latest addition to this pristine and highly sought-after stretch of beachfront real estate. These newest 71 beachfront condos focus on indoor-outdoor living experiences - from the beautiful, natural materials integrated within the interiors, to the outdoor spaces that act as an extension of the home.  Each residence provides spacious outdoor terraces as a focal point featuring breathtaking views of the surrounding waterfront.  These luxury Miami residences are situated perfectly between city and water, allowing each window to frame a view to treasure whether facing the Atlantic, the Intracoastal Waterway or Biscayne Bay with the sparkling skyline of Miami. Moreover, every amenity has been curated to institute a well-rounded, healthy lifestyle. A spa, two pools, and a fitness center ensure self-care at any time.

57 Ocean - Miami Beach