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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
Many foreigners are investing quite heavily in the South Florida region, especially in Miami condos (view home page for Miami condos here) and that’s great news for developers and agents looking to move property. Many of the buyers are from Argentina, and they’ve been a steady source of sales through much of this latest real
Over the past couple of years, the Miami area has been going through a real estate renaissance, a real boom in the market. The sales of the units in all South Florida locations, and especially in Miami area has been quite brisk, and that led developers to building even more towers and adding more units
What do wealthy people want when they are buying a property? Naturally, they want many of the same things that everyone else does – a quality home in a good, safe neighborhood. However, according to a survey conducted by Sotheby’s International Realty, they want some very specific things when it comes to their dream homes,
Bal Harbour Shops has a reputation as a mall with high-end shops and boutiques that easily rivals any other mall or shopping destination around the country. Even shopping areas such as Rodeo Drive have a hard time coming close to what you can get in this South Florida mall. They already have some of the
Recently, the City of Miami received final approval for their EB-5 Regional Center for Foreign Investment, which has the potential to allow many more foreign investors to start putting money into the economy. This particular designation will allow many foreigners, especially those who are from China, to be able to invest in properties in the
When people think of luxury, they think of Miami, a city that has it all. Whether you make your home in Miami (view Miami homes for sale website here), or you visit occasionally, it’s easy to see and appreciate the opulence the area offers. This is the second year in a row that Christie’s International
One of the constants in Miami as well as South Florida is that the quality of the condominiums and other properties that are available never seems to wane. However, this also means that the prices of those homes tend to rise as well. Still, as the price of the properties is rising, the number of
It seems that Grant Cardone is now getting into the real estate field, and he’s doing so in quite a big way. Over just the past two years, he has already spent $250 million on properties all around Florida. He says that this first push is just the beginning, and hopes that he can invest
Some people are starting to worry that we could be facing another real estate bubble in the South Florida area, but many experts feel that these fears are premature. They feel that there is still plenty of room for growth in the counties of Palm Beach, Broward, and Miami-Dade. One of the reasons for the
Recently, the south tower penthouse, unit 2501, sold for a whopping $22.75 million at St. Regis Bal Harbour. The previous owner was a Delaware corporation owned by Yuriy Kosyuk, a Ukrainian billionaire who made his money in poultry and food products. Strangely enough, the buyer also happens to be a company from Delaware. What Makes
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Content published by Lana Bell
Content published by Lana Bell