South Beach Condos For Sale By Price Range
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South Beach, FL Real Estate History
South Beach Miami also known as America's Riviera, or The Beach or even SoBe, South Beach is one of the hottest destinations in Florida. Not only is it known for all of the famous movies and television shows that take place here, such as Scarface and CSI Miami, it's also known for its parties, shopping and dining. Simply put, it's one of the hottest travel destinations in the U.S., as well as one of the most affluent places to live.
South Beach real estate encompasses the area from 23rd Street South to South Pointe Park. It is about twenty three city blocks that separate the Atlantic Ocean from Biscayne Bay. The area is known for everything luxurious including luxurious hotels, condos, nightclubs and shopping. It is also near the heart of fashion and music. South Beach is the center of everything that's hot in Miami from the people to their homes.
Another popular feature of South Beach is the art deco design of the area. It's hard to believe that a place such as South Beach was actually once farmland owned by Henry and Charles Lum in the late 1800s. The area was actually used for coconut farming and was named by Charles Lum's daughter Taylor as "The South Beach."
It wasn't until 1920 that the Miami Beach land development boom began. At this time, the main streets of South Beach were laid out, including Ocean Drive, so that they were suitable for driving vehicles on. The population grew quickly and several millionaires came to the area including Harvey Firestone and J.C. Penney. Even President Warren G. Harding would make his way to South Beach and stayed at the Flamingo Hotel.
South Beach real estate was always more valuable for the developers because it offers zoning for high-rises. City officials are planning to implement their vision of creating a modern affluent community dominated by tall, high-end residential towers. Investments into an oceanfront construction guarantees future prosperity. People who buy early are saving because prices on beach front properties are going up. As buyers see the value of the new developments rising, they want to get in on the increases. It creates more demand and indeed may increase the cost of the pre-construction residential units.
In the 1930's, the city came alive with art deco designs, Streamline Modern and Nautical Modern architecture all becoming very popular in the area. In fact, to this day, South Beach real estate is the world's largest collection of Streamline Modern art deco architecture.
The 60s were also popular for South Beach, as the famous Jackie Gleason brought his variety show to the area. Later, more shows and movies would be filmed here including the popular television show Miami Vice. Prior to Miami Vice, South Beach was considered to be one of the poorest and highest crime areas, but today, it's considered one of the wealthiest.
You'll love calling the America Riviera home and you'll love the ultra-chic condos (view all South Beach condos for sale here) that you'll find on Ocean Drive, such as Continuum South Beach, Icon South Beach, Murano South Beach, Apogee and the most famous Fisher Island. The best feature of these condos is that you're almost guaranteed a beautiful view of the Atlantic from these amazing condos. We offer several options for those looking to call South Beach home. Please contact our office today!
Sunny Isles Miami Real Estate News & Blog Posts
A $225 million transaction in Pembroke topped the multifamily stats for this year. The sale was for a 1520-unit community known as the Resort at Pembroke Pines. The sale was completed by the Carroll Organization, out of Atlanta. Although the property was a bit rundown and outdated, the Carroll group developers were still interested in […]
It’s hard to believe 2013 is almost over. It has been an exceptional and very exciting year for the home-owners in the Miami area. From Palm Beach down to South Beach, the overall cumulative gain was about $50 billion dollars, as well as about $85 billion property value increase. The overall combined tri-state area residential […]
New Yorkers have always been strong buyers in the Miami real estate market, but they seem to be making their presence known now more than they have in recent years. According to reporting in BizBrag the share of buying done by New Yorkers in recent developments in Sunny Isles and the surrounding area has gone […]
Miami Beach is home to the newest construction project, Marea Miami Beach. This two-tower construction offers a residence right on the waterfront from the Related Group, Sieger-Suarez and Yabu Pushelburg. The 30 residences available embody modern living and provide a location close to everything. Preconstruction prices make this new residence an easy choice for those […]
Miami Beach is one of the most popular places to live for people looking for condominium properties. According to The Real Deal, Miami Beach real estate has been selling at a very fast rate. At the same time that sales have picked up, the rate of price appreciation has slowed, making the condominiums more accessible […]
Miami real estate and South Florida in general may be looking at an end to the boom and bust cycle in the real estate market. According to reporting in the Miami Herald and an article in The Real Deal, the boom and bust cycle may be coming to an end because of an influx of […]
Yesterday in a closed-bid auction Nakash family of Jordache jeans bought the Versace mansion, putting in the highest bid of $41.5 million. The house was sold with all the furnishings, stain glass and mosaic arranged in the eccentric, baroque style of Versace. Features include a 24-karat gold-lined swimming pool and a guest suite fitted out […]
Surf Club Hotel & Residences is the latest pre-construction project on Miami Beach. Set on 8 acres of pristine Atlantic oceanfront immediately south of Bal Harbour, The Surf Club Hotel and Residences combines the elegant, purposeful architecture of Pritzker Prize-winner Richard Meier with a unique provenance and history. The result – two 12-story residential towers […]
Miami: glitz, glamour, plenty of celebrities and a city where many people enjoy very high incomes. Those high incomes are reflected in some of the real estate available in the city. If you want to live in a luxurious home, Miami real estate has plenty of them to offer and, even though most of them […]
The Baltus House Condo is a 15-story construction boasting 167 total units and situated right next to the Design District of Miami. The views available from this dramatic new building are truly something to behold, as intended by the award-winning international firm Arquitectonica. Featuring all state-of-the-art features, including a fitness center, it is easy to […]
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Content published by Lana Bell
Content published by Lana Bell