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Miami Beach Condos By Geographical Location

Miami Beach, FL Real Estate History

Miami Beach Florida has long been known as the Magic City, a place like no other that boasts a lively mix of cultures, a great climate and undeniable coolness. Miami Beach have become the entertainment and relaxation mecca for the rich and famous. Art Deco hotels, trendy nightclubs, exotic restaurants, and a wide variety of stores line the sun-drenched streets, while the tanned and toned stroll or skate along the palm-shaded sidewalks.

Miami Beach Location makes real estate investment in beach front condominimums and single family homes very attractive. Oceanfront condos, villas, lofts and town homes offer residents a lifestyle with amazing ocean views, top of the line amenities and five star resort-like living. Ideally situated in the Northeast Miami-Dade County between the Atlantic Ocean on the East and the Intracoastal Waterway on the west and midway between Miami and Fort Lauderdale.

Miami Beach is visited by over a million tourists and vacationeers each year to enjoy couple of miles long white powder sand beaches and outdoor activities such as diving, fishing, boating, water skiing, tennis, shopping, dining and entertainment.

Miami Beach Real Estate attracts nvestors from around the world for first and second home buyers. The emphasis of most of the redevelopment is on residential condominium construction. Luxury oceanfront apartments are steadily replacing outdated motels. Much of this residential construction is not intended for year-round occupancy. However, statistics shows a steady growth in young families who want to be near the ocean. Projected growth will send the city tax ratable soaring from $1.7 billion in 2001 to $3.6 billion in 2005 to over 5 billion within the next three years. All tax revenues are reinvested back into the city.

Miami Beach Land for the developers is more valuable 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.

Miami Beach has limited supply of buildable beachfront land. One of the benefits of buying in the preconstruction phase is that prices are generally lower than offered on existing property by real estate agencies. Timely investment in pre construction will generate even more revenues in the future as prices appreciate. Pre construction is the best phase to invest in real estate; it is being in the right place at the right time. Nowadays, it is one of the most profitable investments in real estate, with extremely interesting margins of utility in many occasions above market expectations. This is a key factor in making a decision if a pre-construction property is right for you.

Miami Beach Real Estate has become one of the hottest real estate in the country. With new construction and pre construction condos, as well as some of the most prestine homes, it’s no wonder condos like The Bath Club, Green Diamond, Blue Diamond and Mosaic are among the most desirable oceanfront luxury real estate in the country.

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