305.336.0457
Miami Is the Fastest Growing Luxury Real Estate Market in the Country
Over the course of the last few years, we’ve seen something of a slowdown in the real estate market across many parts of the United States. However, this trend has thankfully not affected Miami at all. In fact, the luxury market in this beautiful city continues to have a growing demand. It is the fastest-growing luxury market in the country, and it is one of the fastest in the entire world.
Sales in the area have continued to exceed expectations, and it is both new construction and preexisting properties that are doing well. There are quite a few reasons for this. One of the biggest is that the taxes are far more favorable in Miami than they are in many other locations. People from Los Angeles, New York, and Chicago, which are popular cities, are flocking to Miami because there is no income tax. It makes sense to move their homes and their businesses to Miami. This influx helps the city continue to grow.
Many of those who are fleeing taxes in other states are wealthy, so they are naturally looking for luxury properties when they make their way to Miami. Because of the desire for these types of properties, we have also seen that they are increasing in value. The median price for a luxury single-family property is $10.1 million, while the median price for a luxury condo is $3.23 million. Despite this increase, there are still plenty of buyers from within the United States and outside of the country who are interested in the offerings.
Of course, it is not only the tax benefits of Miami that are bringing in more and more people. There is also the weather and the culture of the city, as well as employment opportunities. Those who live in the aforementioned places like Chicago and New York often get tired of the cold winter months. They would much rather spend their time in a bright and sunny location rather than bundling up against the cold.
The culture of the city, from the food, the music, and the nightlife are also very attractive to buyers who want to live a certain lifestyle. There are museums, beaches, sports, and much more that are perfect for those who want to enjoy an active lifestyle. With new businesses coming to the area, it also means that there are more places to find gainful employment.
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.
NEW EXCLUSIVE LISTINGS - GREAT DEALS!
EXCLUSIVE LISTINGS marketed by the Lana Bell Group. We use some of the most talented videographers and photographers to help us showcase our properties in a unique way.
See listings here
SOTHEBY'S Exclusive Listings marketed by the Lana Bell Group.
See listings here
Our team works with top pre-construction developers to present the best investment opportunities and developments in the area.
See listings here
Oceana Bal Harbour #401S 10201 Collins Ave, Bal Harbour   Offered at $7,900,000 4 Bedrooms • 6 Bath • 1 Half Bath Living Area 4,185 Sq. Feet More details here
Porsche Tower #5101 18555 Collins Avenue, Sunny Isles Beach Price Reduction - Offered at $5,999,000 4 Bedrooms • 5 Bathrooms • 4 Half Bath • 3,953 Sq. Feet More details here One Thousand Museum Zaha #2201 1000 Biscayne Blvd, Miami   Offered at $5,990,000 4 Bedrooms • 5 Bath • 1 Half Bath • Living Area 4,727 Sq. Feet More details here    St. Regis Bal Harbour #405N 9705 Collins Ave, Bal Harbour    Offered at $2,175,000 2 Bedroom • 2 Bathroom • 1 Half Bath • 1,777 Sq. Feet More details here
87 Park- Miami Beach Eighty Seven Park is one of the most impressive edifices to arise in Miami Beach, and on the United States soil, by the mere fact that it is the only project by renowned international architect and Pritzker Prize winner, Renzo Piano. It has a premier location at the north edge of the North Shore Park in the North Beach neighborhood of Miami Beach and is minutes from Bal Harbour and Surfside. This land parcel is unique in that views will never be obstructed, due to the protection of the North Shore Park. 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
Residences by Armani/Casa Residences by Armani/Casa in Sunny Isles Beach rises 57 stories and is a venture by developers Gil Dezer of Dezer Development and South Florida's Related Group. Cйsar Pelli is the architect behind the project, having previously worked on multiple notable developments all over the world, including Miami's own Adrienne Arsht Center for the Performing Arts. The unique Armani” influence that provides the building with its upscale name is found in the world's tallest edifice, the Burj Khalifa in Dubai. More details here
Places to Go and Things to Do in Miami This December Miami is never dull. There are always interesting things to enjoy and places to visit. Whether you are a resident or you are visiting, you can find some great options. Let’s look at a few of the things happening this month. This is a family-friendly event that lasts from now all the way through January 5. Santa’s Enchanted Forest at Tropical Park is the largest holiday theme park in the world, and it includes more than 100 games, shows, and carnival rides. They have rides of the kids, as well as thrill rides for the older crowd. You can also find plenty of great food. One of the most impressive sights is the Christmas tree, which soars to more than 90 feet. The Chinese Lantern Festival is a family-friendly attraction that is running through January 9. It features 13 acres of trails that are all illuminated by beautiful lanterns and LED lights. Luminosa takes place each weeknight starting at 5 PM and closing at 10 PM Sunday through Thursday and 11 PM on Friday and Saturday. It is a beautiful experience, and you will find shows, including acrobats, as well as the trails to walk. There are also a number of food offerings at the festival. Tickets include the general admission, two acrobat shows, the Moet lounge, and live music.
From December 13 through January 1, you can head to Pinecrest Gardens to enjoy their Nights of Lights. It features holiday lights, a beautiful botanical landscape, pony rides, story time, singing, photos with Santa, and much more. This is a wonderful family event for those who have little ones, as well as those who just want a peaceful night out amongst an impressive lighting display Those who are looking to experience a true taste of Coconut Grove will want to check out this parade that has been occurring each year for nearly four decades. On December 29, the King Mango Strut Parade features locals who wear strange costumes and build some even stranger floats. The floats will typically be parodies of pop culture and current events. The parade starts at 2 PM at Main Highway and Commodore Plaza and makes its way through Coconut Grove. It is a free event and there are musical performances. Keep in mind that it is popular, though, so you will want to get there early. If you love college sports, you will want to see if you can get tickets to the Orange Bowl. It takes place on Monday, December 30 at 8 PM. Since the tickets can be hard to come by, you might simply want to tailgate at the Hard Rock Stadium or watch from one of the local bars that will be playing the game. It should be an exciting time. 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