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Luxury Market Becoming More Popular with Millennials
We are now in 2020, and looking back over the past several years, we can see that there is still quite a demand for luxury homes. This desire to have a beautiful place to call home is understandable, but you will find that it is no longer just the Baby Boomer generation and Generation X that are looking at these types of properties. More and more Millennials are starting to look at the options they have available to them in the luxury market.
The Millennials are getting older and are looking for many different types of properties. Some are concerned about holistic living and are looking for properties that can fit well into their lifestyle. They want the luxury, but they also want to make sure that the properties work well for who they are and their specific needs, not just some idealized standard of their parents or grandparents.
Historically, this group has been slower to get into the homebuying market than their predecessors. However, things are now changing, as more and more young people are really starting to see the value of owning a home. They are looking for properties in many different places around the country that can provide luxury homes.
Many of these potential home buyers are also looking for properties in a different manner than people did in the past. Rather than looking around town or through the newspaper, they are heading online to shop for luxury homes. This has become a popular way of shopping for property for many people today. A recent study on Fortune Builder found that the vast majority of Millennial home buyers found their home online, and nearly 50% of them began their search from a mobile device.
Fortunately, the best real estate companies today have embraced technology, which helps to make it easier to find high-quality luxury properties. Having a website that is mobile-ready and that can provide the users with the information they need about properties is a huge benefit for real estate companies today.
As you can see, there are plenty of reasons that Miami is the fastest growing spot in the country for luxury properties. If you are interested in finding your own luxury property in Miami, you will want to get in touch to see what’s available.
Many Are Looking to Florida for Luxury
The idea of a luxury property is popular for many people today. The Millennials who are just starting to explore this market tend to be a smart demographic when it comes to prices. Many understand that there are some areas of the country that are simply priced too high, especially when it comes to luxury properties. For this reason, many Millennials are turning their attention toward Florida, particularly the Miami area. It has a host of high-quality, luxury properties that are priced right and in a great location.
Regardless of what generation you might be from, if you are in the market for a beautiful luxury property, you will want to get in touch. We have a number of gorgeous, ideally located properties of all types that could be a perfect choice. There are many homes where you can live in the lap of luxury whether you want a condo that overlooks the ocean or a single-family home.
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Oceana Bal Harbour #401S 10201 Collins Ave, Bal Harbour   Offered at $6,900,000 4 Bedrooms • 6 Bath • 1 Half Bath Living Area 4,185 Sq. Feet More details here
One Thousand Museum Zaha #2201 1000 Biscayne Blvd, Miami   Offered at $4,967,000 4 Bedrooms • 5 Bath • 1 Half Bath • Living Area 4,727 Sq. Feet More details here    70 Camden Drive Bal Harbour Residential Sec    Offered at $5,499,000 6 Bedroom • 6 Bathroom • 1 Half Bath • 6,279 Sq. Feet More details here  3181 NE 165th Street North Miami Beach, Florida 33160    Offered at $4,800,000 6 Bedroom • 7 Bathroom • 1 Half Bath • 5,620 Sq. Feet More details here   Turnberry Ocean Colony #2302 16051 Collins Ave, Sunny Isles Beach   Offered at $1,699,000 2 Bedroom • 2 Bathroom • 2,245 Sq. Feet More details here   Echo Aventura #109 3300 NE 188th Street, Miami, Florida Offered at $1,100,000 2 Bedroom • 2 Bathroom • 1 Half Bathroom • 1,880 Sq. Feet More details here
Monad Terrace Monad Terrace condominium residences are designed by Pritzker Prize Winnder Jean Nouvel. Each unit will capture natural light with floor-through views of the bay and beyond. The naturally filtered lagoon and the beautiful native landscaping flows through the property, creating privacy and character to each home. Monad Terrace will offer luxurious living in Miami's South Beach Bay. More details here
Ritz Carlton - Sunny Isles Well beyond the half-way point in construction, the Ritz-Carlton Sunny Isles offers luxury living in the heart of one of South Florida's most exclusive areas. It is comprised of just over 200 condo units, all of which are beautifully designed and laid out. The building itself towers 650 feet over the surrounding beaches and water, with 250 feet of oceanfront all to itself. Choose from two, three or even four bedroom units, or one of the property's four penthouses. Each floor contains no more than five residences, ensuring privacy and comfort. More details here
Estates at Acqualina   The Estates at Acqualina condo in Sunny Isles Beach is a project by the Trump Group developer and the firm of Cohen Freedman Encinosa & Associates, the same people behind the original Acqualina condo and the Mansions at Acqualina. The building consists of a pair of 51 story towers located east of Collins Avenue with a position near the Atlantic Ocean and the city's namesake sands. Each tower has a total of 95 Sunny Isles condos for sale and the entire complex sits on just over five acres. More details here
Arte by Antonio Citterio Arte by Antonio Citterio condominium will offer only 16 luxury condominium residences, beginning in size of approximately 5,500 square feet under air and larger. Expansive balconies will add to the large living spaces. Based on the building size and number of residences it appears that most floorplans will be full floor plans with a few half-floor plans also available. The Arte Surfside residences will be delivered furniture ready, with the interiors also designed by Citterio, and each unit will have access to an enclosed, air conditioned garage with spaces for three cars. More details here
Places to Go and Things to Do in Miami This January Miami is always a fun place to be. Whether you are visiting the area and perhaps looking for a new home, or you are already a resident, you will find plenty of wonderful things to do this January. Check out the sampling below to get an idea of what you can expect. From January 9 to 23, the Miami Jewish Film Society will host the Miami Jewish Film Festival. There will be screenings taking place all around Miami at a host of different venues. Some of these venues include the Aventura Arts & Cultural Center, Miami Theater Center, Temple Beth Am, and the Aventura Turnberry Jewish Center. The film festival first started in 1996, and it has been going strong ever since. There will be more than 50 international guests and more than 100 film premieres. The Art Deco Weekend is the longest-running free community cultural festival located in Miami Beach. It will take place from January 17 through 19. This year’s festival will feature more than 85 events celebrating the architecture, art, history, and culture of the area. The theme for this year is “Sheroes: Women Who Made a Difference” in honor of 100 years of women’s suffrage. There will be music, vintage art and photography, a classic car show, and more. The festival will take place on Ocean Drive from 6th Street to 13th Street. You can expect plenty of live entertainment, as well.
This will be the 69th annual Beaux Arts Festival of Art. It will take place on January 18 and 19 between 10 AM and 5 PM at the University of Miami. There will be more than 200 art exhibitors that are showing off a range of different types of arts and crafts. There will also be live entertainment and a student art showcase. You will find dining opportunities at the festival, as well as art activities for the kids. Admission to the festival is free, and they expect there to be more than 25,000 people who attend this year.  On January 24 through 26, you can head to the 14th Annual Chocolate Festival at Fairchild Botanic Garden. If you have a sweet tooth, this is an event you will not want to miss. There will be options to try a range of different types of chocolate. You can learn to pair sweets and spirits, learn more about how chocolate is made, and you will have plenty of opportunities to find some sweet treats that feature chocolate. You can also watch cooking demonstrations. Tickets start at $25 for adults and $12 for kids. Children who are five and under are admitted free. There are plenty of fantastic things for you to enjoy this December in Miami, and these are just a few of the offerings. Whether you are in the area to look for a new home, or you are already a resident, there is something to enjoy for everyone.
		18288 Collins Avenue, Suite #1 Sunny Isles Beach, FL 33160 Phone: 305.336.0457 lana@onesothebysrealty.com