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Real Estate Changes in Miami as the Population Changes

The area of South Florida continues to be very popular. Many people are moving into the area from places other than Florida. In fact, there has been a rather large influx of buyers from the northern part of the United States, as well as buyers from outside of the United States entirely.

Estimates are that nearly 100 people end up moving to counties in South Florida each day, while many people from Florida are moving to other states. This essentially starts to replace the people in the geographical area, and that has created some of the shifts in real estate that have been seen in recent years. Many of the people who are moving to the area tend to be wealthy. This changes the type of housing that is built and offered in the area and it can help to increase the price of real estate.

Those who are buying from foreign countries are often looking for properties that they will be able to use as investments. In some cases, they will move to the area and live int the property full time. Others will use it as a vacation property and they may even rent out the condo or mansion. Those who are coming from the northern part of the United States are typically looking for a warmer climate that also happens to be more tax-friendly. These people are generally looking for a new place to call home rather than just an investment.

The people from both segments that are moving to the area influence the types of buildings and homes that are being built, as well as the types of interiors and upgrades that are offered. Because many of these people are wealthy, it means that there is often a greater need for high-end options. People find that compared to other locations, like NYC, it is possible to get a substantial amount of property for their money in places like Miami.

When the value of the properties rises, it also tends to mean that there will be more renters. This can be good news for those who are developing rental properties in the area. Even though the rent will be higher when the cost of living in the area rises, they will still be at a level where it is affordable for many people to continue renting. This is good news for them, and it can ensure that the developers are making more for their properties.

Real Estate Remains Strong

Regardless of who might be moving out of or into the area, you will find that the real estate market located in Miami still tends to be quite strong. There will still be plenty of properties for sale now and in the future, and many can still find excellent deals in the available properties. Those who are interested in living in the area, whether they are coming from across the state, out of state, or out of the country, should get in touch.

 
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One Thousand Museum
1000 Biscayne Boulevard, Miami
 
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Luxury building One Thousand Museum by Zaha Hadid, Miami's most prestigious new residential tower, blurs the lines between art and architecture. This limited collection of museum-quality homes offers an unprecedented level of service and amenities. This impeccable residence has been custom designed with only the finest finishes with custom closets and flooring.
 
4 Bedrooms • 5.5 Bathrooms • Family Room • Maid Quarters • 4,727 Sq. Feet
UNIT 1901
Sale $6,300,000
Rent $25,000

 UNIT 2201
Sale $6,350,000
Rent $26,500

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 UNIT 3101
Sale $6,500,000
Rent $28,000

   

Oceana Bal Harbour 401S
10201 Collins Ave, Bal Harbour
 
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PRICE REDUCTION
Offered at $7,900,000
4 Bedrooms • 6 Bath • 1 Half Bath • Living Area 4,185 Sq. Feet
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70 Camden Drive
Bal Harbour Village
 
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Offered at $5,499,000
6 Bedrooms • 6 Bath • 1 Half Bath • Living Area 6,379 Sq. Feet
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St. Regis 405N
9705 Collins Ave, Bal Harbour
 
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NEW LISTING
Offered at $2,350,000
2 Bedrooms • 2 Bath • 1 Half Bath • Living Area 1,777 Sq. Feet
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57 Ocean - Miami Beach
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Located on Collins Avenue in Miami Beach, this property offers incomparable views out over the Atlantic Ocean and the Intracoastal Waterway. It rises 18 stories over the white sand beach and was designed by Arquitectonica. The property offers units ranging from two to four bedrooms, and from just over 1,000 square feet to over 3,000 square feet. All residences feature 12-foot ceilings with wood-style accents, marble counters, and numerous other luxury touches.
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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.
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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.
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Paramount Miami Worldcenter
PARAMOUNT is an iconic, high end urban living experience in the center of Miami WorldCenter, second largest and most exciting urban developments in the U.S. At nearly 30 acres, Miami Worldcenter is at the epicenter of the city surrounded by over $3 billion of new public and private projects including mass transit, museums, parks, sports venues, entertainment and The Mall at Miami Worldcenter consisting of luxury retail and signature restaurants.
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Things to Do in Miami in October
If you will be visiting Miami and the surrounding area in October, or if you are already a resident of the area, you will find plenty to keep you happy and busy. Look at a few of the great options below

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Another fantastic festival will take place across two weekends in Miami. Oktoberfest Miami occurs on October 11 through 13 and October 18 through 20. This is a German tradition, and it happens to be the longest-running Oktoberfest in the United States. Guests can enjoy a range of different types of German food and beer, live music, dancing, activities for the kids, games, contests, and more.

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At the end of October, the kids will be able to enjoy a number of events around the city including the 21st annual Halloween on the Mile. The kids and adults alike will have a good time at the event, which features a range of activities. There will be costume contests for the kids as well as one for dogs. In addition, there will be options for arts and crafts, as well as some fun storytelling of scary stories.


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On October 19 and 20, those who love seafood can head to the South Florida Seafood Festival. The festival is held at the Miami Marine Stadium from 11 AM to 7 PM. Visitors will be able to enjoy a range of seafood options, a family fun zone, live music, seafood vendors, and other great options and activities. Those who have a craving for seafood will find that this is the perfect place to be for the whole weekend.

These are just some of the many great things that you and your family can enjoy in Miami this October. Have fun!
 

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18288 Collins Avenue, Suite #1
Sunny Isles Beach, FL 33160
Phone: 305.336.0457
lana@onesothebysrealty.com

 
Lana Bell #1 Condo Sales
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Lana Bell and her team at One Sotheby's International Realty, Sunny Isles Branch proudly supports The Heart Gallery of Broward County by donating $100 on every closing. Click here: www.heartgalleryofbroward.org