Moving to Miami?| Where To Go If You Don’t Want South Beach?
If you are moving to Miami and you don’t want South Beach, where do you go?
South Beach is loosing in appeal with buyers. In a recent article the WSJ discussed how wealthy buyers are saying goodbye (or adios) to the South Beach area. With an increasing amount of hotels, tourists and traffic, the area is experiencing more noise and roughness on the streets. Wealthy buyers do not want to be around the tourist crowds and brawling spring breakers and therefore opt for more peaceful, upscale Miami communities with more affordable prices per SF and better schools.
North Beach and Surfside
The beachfront alternatives to the north have become more appealing and we have seen this trend since 2017. Two in particular — North Beach and Surfside — are burgeoning with new luxury residential buildings and more developed downtowns with restaurants and boutiques. North Beach starts from W 63rd Street till 87th terrace, while Surfside is just north of North Beach. Both areas are more tranquil and relaxed and do not have the overwhelming amount of tourists like South Beach has. The area offers homes as well as ultra-luxury condos with new comers like Eighty Seven Park, the Surfside Four Seasons Residences and the Fendi Chateau Residences. If you want the Miami Beach lifestyle with high-end condo options and stunning beaches, but in a tranquil setting (yet steps away from all the action), this is for you.
Coral Gables and Coconut Grove
Coral Gables and Coconut Grove are two of Miami’s most desired residential areas. Both are upscale, safe, family friendly and close to Miami best schools. Coconut Grove is more eclectic or bohemian chic, and the area is known for its tree filled, jungle-esk streets (occasionally the catwalk of a muster of peacocks).
Coral Gables’ core is concentrated around the Miracle Mile where residents can enjoy the many shops, cozy restaurants and bars. Other points of attraction are the several golf courses like the Riviera Country Club, The Biltmore Golf Course, Granada Golf Club and the Coral Gables Country Club as well as family friendly parks like Jaycee Park, the Fairchild Tropical Botanic Garden and Montgomery Botanical Center.
Both areas offer superb real estate options often on waterfront lots or in gated communities. While Coconut Grove offers some high-end condos (Eg Park Grove or Grove at Grand Bay), both areas are predominantly for single-family homes
Key Biscayne is located on a barrier island just across the Rickenbacker Causeway from Miami (Just off Brickell/Coconut Grove). The Island measures 1,092 Acre (1.7 Sq Mile or 4.42km2) and is home to approximately 15,000 residents. Key Biscayne can be reached by car via the Rickenbacker Causeway or by boat.
Key Biscayne is a very upscale island community with both condos and homes. The island is self-sufficient, offers an A-grade public school and is very desired with boaters. Key Biscayne is best for single family homes. Only one brand new luxury condo (Oceana Key Biscayne) was developed in the last 12 years, while the rest of the condo market is quite dated and not up to par with the wishes of many modern day buyers.
Fisher Island is also a barrier island, located just south of South Beach, situated on the Government Cut where the Biscayne Bay meets the Atlantic Ocean. The resort community measures 216 Acre (0.3375 Sq Mile or 0.874121 km2) and is home to around 700 – 800 families, most using the island as a second or third home. The island is only accessible via boat/yacht or the Fisher Island Ferry since there are no roads to Fisher Island. The heavily-secured ferry can only be accessed by residents, guests of residents or hotel guests, the island cannot be accessed by outsiders without an invitation.
Fisher Island’s real estate market is dominated by condos. Fisher Island offers only 8 homes, which aren’t waterfront. Most of Fisher Island’s condos for sale offer a good amount of SF, with 3,000+ sf and 3+ bedrooms. Many buyers of Fisher Island buy a condo here, as they feel it is the perfect replacement for a single-family home, but with more security. Fisher Island is also known as the richest zipcode in the USA.