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    Miami Beach

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    Neighborhood Description

    Known for its beaches, world famous restaurants and sizzling nightlife Miami Beach is what people have in mind when they think of Miami. Miami Beach refers to the city of Miami Beach and reaches from South of Fifth in the South all the way up North to 88th street where it borders with Surfside. South Beach is the most southern part of Miami Beach. While South Beach and South of Fifth are known for its glamorous lifestyle and nightlife, many parts of Miami Beach are more private and tranquil and cater to the single-family market.

    Miami Beach, FL is known for its many luxurious waterfront homes. The most luxurious Miami Beach properties can be found on the exclusive and private islands of Star Island, Palm Island, Hibiscus Island or the Venetian Islands. Other high-end homes are located around the La Gorce Golf course, the Indian Creek Country club and waterfront streets like North Bay Road and Pine tree Drive. The many gated communities and waterfront lots make Miami Beach perfect for boaters or buyers that are looking for a more private and high-end lifestyle.

    High Average Price Per SF
    Median Price Per SF
    Low Average Price Per SF

    Neighborhood News

    Investment Opportunity in South of Fifth
    South Beach Condo with Tenant | Rented for $1,900 per Month 1 Bedroom | 1,5 Bathrooms | 804 SF | $350,000 Being located in South of Fifth, one of the most exclusive areas of Miami Beach, this spectacular unit located on the Penthouse floor of the Admiral Towers is ideal for someone looking for a pied-a-terre on the Beach or for investors, as…

    Average $/SqFt

    • Available Sales$1,172/SqF
    • Available Rentals$4.47/SqFt
    • Closed Sales (In the past 6 months)$946/SqFt
    • Closed Rentals (In the past 6 months)$2.52/SqFt

    Inventory Percentages

    • Available Sales56.7%
    • Available Rentals43.3%
    • Months of Inventory sales75.7
    • Months of Inventory rentals20.3

    When it comes to condos, Miami Beach is home to Miami’s most luxurious and high-end residences. The often oceanfront skyscrapers offer the best in finishes and services that attract investors from all over the world.In the last couple of years a considerable amount of brand new condos has been announced from larger-sized luxury projects like the Ritz Carlton Residences or 87 Park to smaller, boutique condos like Glass 120 Ocean in South of Fifth or L’Atelier in Miami Beach. Whether they are boutique condos or larger condo projects, they all offer sweeping views over the waters of Miami Beach and the latest and best in finishes, services and amenities

    South of Fifth, although not gated or private, is a playground for the rich and famous and offers upscale living with all the conveniences that come with it. The condos here are Miami’s most exclusive and have shown great performance year after year. The most sought after condos in South of Fifth are Continuum North and Continuum South, Murano Grande and Apogee. South of Fifth will soon be home to a handful of brand new luxury condos such as Marea, 321 Ocean, and Louver House.

    Also very much in vogue with investors are the condo hotels in Miami Beach. The combination of a second (vacation) home with a return on investment that can be derived from condo units in a hotel program is very sought-after. Condo - hotels like the W, Setai and Carillon have seen their prices increase considerably in the last few years. Likewise, the sales at brand new hotels like the Edition, Fasano and The 1 Hotel and Homes have had great success with international investors.

    Fisher Island

    Part of Miami Beach is the exclusive Fisher Island. Fisher Island is a 216 -acre private island resort community, which is completely self-sufficient and belongs to one of the country’s most expensive zip codes. This unique island and its residents value exclusivity and privacy. This private residential island community has views of the Atlantic Ocean, the ever-growing Miami skyline, and South Beach. Fisher Island offers its members and residents the finest residential and recreational amenities to be found anywhere in the world.

    As Fisher Island breathes exclusivity, privacy, top service and a high quality of life; residents are down to earth and respect each others space. Although most of Fisher Island are second or third homes, the island still counts with a great number of families that elected Fisher Island as their primary residence.

    Fisher Island is only reachable by yacht or ferry and is accessible by invitation only. The secured island counts approximately 50 security guards and a 24-hour marine patrol.  In addition, children do not need to leave the Island to go to a top rated school, a school is located on the island where kids can attend classes in the presence of peers.

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    the 2016 miami real estate report

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