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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
Several years ago, when the United States was in the grips of the Great Recession, things were looking rather bleak for a large number of people at every economic level. People were losing jobs and finding it difficult to get more work. The financial bubble the country lived in burst and the economy, the stock
Famed Bollywood actress and producer Poonam Khubani, best known for Aryan: Unbreakable and Star of Jaipur, as well as being vice president of Telebrands, seems to love Miami Beach. (See Condos For Sale on Miami Beach) She recently purchased a second unit, number 1602, at the beautiful Miami Beach EDITION. Khubani paid $17.5 million for
Recently, President Barack Obama chose to rework the immigration system, and his plan has the potential to do some great things for real estate sales in the Miami area, at least according to some specialists. Helena Tetzeli, a corporate immigration attorney, says that President Obama wants to improve the current immigration programs so that they
It’s hard to believe 2014 is over and 2015 is here. 2014 was a great year for United States economy, the stock market and of course the real estate market. The US economy has officially recuperated and most experts agree that we are seeing a large surge when it comes to recovering. Even the Federal
The prices for single-family homes and condos in Miami-Dade County (VIEW SITE HERE) have been moving inexorably upward for several years in response to the natural rebound of the real estate market, as well as the influx of investors and the area’s improving employment segment. In fact, median home and condo prices just hit a
Real estate loans in South Florida have traditionally been large – they have to be to accommodate the price of property in Miami-Dade and the surrounding counties. However, those loans are getting larger. The biggest banks in SoFla are now routinely offering real estate loans 10% larger than previous financing packages, marking another year of
The real estate investment market in the US has undergone some significant shifts over time. Back during the recession, it tanked right along with the residential real estate market. It’s improved since then, as have most residential markets around the country. However, not all areas have experienced the same resurgence. For investors, that means it’s
According to recent reports, the pocket listings, or off the market listings, in the South Florida region have gone up quite a bit over the past year. In fact, they’ve risen by about ten percent in that time. One reason for this is simply that people want to have more privacy when selling and they
Everyone in real estate remembers the “good old days” of the pre-recession era, when the prices of homes were high and developers and realtors were able to sell home after home. It seemed as though there would be no end to the golden days. Of course, everyone knows what happened next. The perfect storm of
According to data coming straight from S&P/Case-Shiller, the prices for homes in the Miami region have been on the rise. In fact, the price of homes rose by 13.2% between May of 2013 and May of 2014. They show that there has been relatively stable and steady growth over the past year of more than
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Content published by Lana Bell
Content published by Lana Bell