Facts and Analysis of the Best Neighborhoods in Miami
This article delivers a macro and micro view of the best Miami luxury real estate neighborhoods. Our team encourages readers to search properties with just one click from this page. Click on any neighborhood link and browse new listings, read about the specifics of the market, and even analyze historical market performance.
Coral Gables
Coral Gables is a family neighborhood in South Florida. The community is well–known for its luxury real estate, high–end shopping, fine restaurants, and gorgeous parks.
Coral Gables offers many designs of single-family homes, modern mansions, and luxury estates in waterfront and gated neighborhoods. Luxury real estate prices start from around $1m and can go as high as $60m when you join gated communities like Gables Estates. This is the preferred community by affluent families looking for real estate choices close to the best private schools in South Miami.
Coral Gables is one of the considerably expensive metropolia to live in South Florida. Sales prices for non-waterfront homes compete with Miami Beach, Coconut Grove, and Key Biscayne. Coral Gables is definitely, one of the best neighborhoods in South Miami.
Economics of Coral Gables
Coral Gables area continues to illustrate low inventory even in a changing market. Multiple families settle in Coral Gables because of the many high–quality schools. Because this is the leading market with residents living here all year round, the local real estate economy is very unchanging.
Coconut Grove
Coconut Grove offers a signature charm and is the most organic area in Miami, offering lots of trees and lush vegetation. The Grove is ideally situated south of Brickell and North of Coral Gables. The city has many beautiful parks and green areas, including Peacock Park, Regatta Park, and Merrie Christmas Park. Coconut Grove is safe and near to the best private schools. Accordingly, this area is one of the best areas to raise a family. Also, Coconut Grove is one of the most walking-friendly neighborhoods in Miami. Coconut Grove is an affluent location known for its high-end real estate and offers a variety of private homes, townhomes, and condos. The site provides several luxury condo projects like Park Grove and Vita Grove Isle. Those mentioned luxury condos offer large residences which could function as single-family homes.
Economics of Coconut Grove
Coconut Grove is possibly the minor investor-driven market in Miami and is still the most economically stable and predictable. The stabilizer of the Coconut Grove market comes from the fact that it is a small, landlocked area. It is organic, cozy, and feels like an actual old-world city. Also, it is very walkable, making it unique and convenient. A few of the best private schools in Florida are located in Coconut Grove.
South Beach (Miami Beach)
South Beach
South Beach is the southernmost area in Miami Beach. It is known for its luxury high–rise condos, as well as its famous restaurants and nightlife. SoBe is home to some of the most popular attractions in Miami, including oceanfront boardwalk, South Pointe Park, and the fantastic New World Symphony. The area is also close to the Port of Miami, Downtown Miami, and Brickell. If you wish to live in a high-end condominium close to top entertaining places and the beach, this is one of the finest neighborhoods in Miami.
Economics of South Beach
South Beach did very well in the last past few years. This market, regardless, is not considered the number one choice for ultra-luxury anymore. South Beach is no longer the only neighborhood in Miami that offers ultra-luxury real estate. There has been a notable shift of luxury buyers towards the Bal Harbour, Surfside, and Miami Beach areas. The top performing condos in the South of Fifth are Continuum, Apogee, and Murano at Portofino.
Miami Beach
Miami Beach is one of Miami's best communities for various reasons. Besides the world-famous beaches, locals enjoy many golf courses and eco-parks. Miami Beach provides a wide variety of luxury real estate options. From high–rise condos with ocean views to cottages and waterfront giant mansions. For high-end condos, you should look at towers such as Monaco Yacht Club, L’atelier, or 57 Ocean. While the party continues in the South Beach area, Miami Beach offers multiple tranquil, family-oriented spaces. For single-family homes, you must remember the areas around La Gorce, La Gorce Island, Nautilus, and North Bay Road. The Miami Beach Island neighborhoods include the Sunset Islands, Venetian Islands, Star Island, Palm Island, and Hibiscus Island. These incredible waterfront communities are home to many luxury homes—a natural paradise for boaters and those searching for ultra-modern luxury waterfront mansions. Most of these island communities are gated, except for the Venetian islands. The islands are residents of wealthy families and offer relatively fast access to many of the best private schools in Miami and the main roadways.
Economics of Miami Beach
Miami Beach is an elaborate market and home to both prior homeowners and investors. In current years Miami Beach has announced several new condominiums destined for end-users with extensive and functional floor plans. Towers like 87 Park and 57 Ocean and the brand new Perigon are examples. The overall Miami Beach luxury real estate market, like the rest of Miami, has growled in recent years with the appearance of tax migrants. The luxury markets flourished the most, and luxury condos and waterfront homes became more desired. The economy of Miami Beach can be mixed. It all depends on the area's part and the development type.
Brickell is a community of Greater Downtown Miami and the Financial District of Miami. The neighborhood is home to many global banks and hedge funds. Brickell has an extensive engagement of high–rise residential towers, many of which were built in the past ten years. The area is one of the fastest–growing and most crowded in Miami. Today, Brickell is a growing neighborhood with a mix of office buildings, high–rise residential residences, restaurants, shops, and parks. Brickell is home to a young and various population. If you are looking for a metropolitan lifestyle, having offices, bars, restaurants, and shopping, this will belong to your personal best communities in Miami.
Economics of Brickell
Brickell is more of an unpredictable market with upward and downward changes. This luxury real estate market has grown due to flight capital and many migrations. The arrival of hedge funds and other economic institutions has given Brickell tremendous stimulus. Brickell has enjoyed many new developments, considered luxury condos such as Baccarat, Cipriani, Waldorf Astoria, Aston Martin, and St. Regis Brickell.
The Brickell Mami area consists of three sites: Brickell Key, South Brickell, and North Brickell. All three have very different aspects and types of condos and therefore behave differently.
Edgewater
Edgewater is an urban area in Miami just north of Downtown and Brickell. The neighborhood began to gentrify in the early 21st century. During the last condominium boom, the Edgewater real estate market expanded into a more luxury real estate market. As an outcome, the community has become increasingly widespread with young experts and families.
Today the neighborhood is home to several luxury condos and fine restaurants, but it is still not as generated or walkable as Brickell Miami. This factor does not stop the area's desirability. Locals love the site for its spectacular and traversable bay views and closeness to Brickell, the Design District, Miami Beach, and Downtown Miami.
Economics of Edgewater
Edgewater is home to a few new luxury condos that we predict will do well. The Standard, Elysee, Missoni Baia, and The Edition Residences are the condominiums likely to bring some real luxury to Edgewater. Some Edgewater condos are very generic and will potentially see some modifications. Please call us at +1(305)310-9305 to learn which condos we are talking about.
Surfside and Bal Harbour
Surfside and Bal Harbour are two of the most delicate areas in Miami for condo residency. Both are miniature beachfront towns just North of Miami Beach. Surfside presents several small businesses, while Bal Harbour is comprehended for its luxury shopping at The Bal Harbour Shops. The tranquility is one of the motivations why buyers are tempted to this part of town. It is quiet, safe, and private, and the action is just 10 to 20 minutes in Miami Beach or the Design District areas.
Although both areas offer single-family homes, they are mostly known for their high-end oceanfront condos. Bal Harbour is the homeland of St Regis and Oceana, two luxury condo towers desired by buyers. Surfside presents the Surf Club Four Seasons, Arte Surfside, and Fendi Chateau. Buyers are looking at luxury condos in those neighborhoods because it is a quieter part of the city, without the tourists but close enough. Bal Harbor and Surfside are known for their expansive beaches, blue waters, and family-friendly environment. The neighborhood also has parks, playgrounds, hotels, small businesses, a public library, and a farmers market every Sunday.
Economics of Bal Harbour/Surfside
These luxury real estate markets have seen a powerful performance in the last few years. Particularly some luxury condos like St Regis, Oceana, The Four Seasons, and Fendi Chateau. Both neighborhoods offer a combination of older, mid and brand new condos. Call us at +1(305) 310-9305 for details because this is a complex market, and developments can vary significantly.
These buildings are obtaining lots of attention, and the areas of North Miami Beach, Surfside, and Bal Harbour are exchangeable in the eyes of numerous luxury buyers. Bal Harbour is more isolated than Surfside and is also much smaller. Both locations, however, are starting to receive contests from new luxury condos in North Miami Beach. Examples of these towers are 87 Park, 57 Ocean, and the Perigon.
Sunny Isles Beach
The Sunny Isles Beach real estate market, is predominantly a condo market known for its lavish condos on the Atlantic ocean's sand. Sunny Isles Beach Real Estate offers a wide range of condos with an impressive amount of already established luxury condos like the Trump-branded towers (Trump International, Trump Grande, Trump Palace, Trump Royale, and the Trump Tower), the Jade Branded towers: (Jade Ocean and Jade Beach), Acqualina, St Tropez, The Turnberry Ocean Colony, The Oceania Towers, the Ocean Towers, and La Perla. Most of these established Sunny isles beach condos date from the Late '90s or early 2000s and offer luxurious residences with breathtaking views over either the intra-coastal or the ocean.
In the past five years, the real estate in Sunny Isles Beach has seen an enormous amount of pre-construction brand new, ultra-luxurious condos. If there is any part of Miami that does ultra-luxury better than all its counterparts, then that must be Sunny Isles. Each announced condominium offers more luxurious residences, more spectacular finishes, and more glamorous amenities than the next. Sunny Isles is the place to be if you want to live in an elegant, impressive condo tower.
Economics of Sunny Isles
The neighborhood offers many ultra-luxury skyscrapers on the sand. Many of these residences are investment properties, second or third homes. Sunny Isles, however, still presents the best bank for your buck. Real estate rotations know champions and losers, and Sunny Isles Beach is no exception to the rule. The Turnberry Ocean Club and Ritz Carlton are illustrations of these winners. Estates at Aqcualina also look bright, given its high percentage of direct landlords, finishes, floor plans, amenities, and services. Sunny Isles also welcomes two new developments; the St Regis Sunny Isles and the Bentley Residences. To learn more about the various condos and their performance, please get in touch with us at +1(305)310-9305.
If you are reading this blog article because you want to buy property, please call us:
At +1(305)310-9305 or email to info@oceanfrontgroupmiamifl.com . Oceanfront Group will be glad to guide you through the best deals in the neighborhood and share our ten years of experience selling luxury real estate in Miami.
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