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The 5 Reasons to Buy a Waterfront Home on Allison Island, Miami Beach
Introduction to Allison Island
Allison Island is a private community located in North Beach, Miami Beach. It consists of 50 single-family residences, all waterfront. Lot sizes range from 16,200 SqFt to 21,600 SqFt, except for a few larger pie-shaped lots at the end of the island and a couple of double lots. Allison Island is one of the premier, ultra-luxury community islands in Miami Beach. Ideal for boat owners who want to have quick access to the open bay with no fixed bridges. In addition, the island is on a protected waterway where the waters stay calm even during storms (unlike open bay and direct bay properties).
5 Reasons to buy/live in Allison Island according to our Miami Beach Expert David Vazquez
- Privacy and Exclusivity. There are only 50 homes in the community and there is one way in, and one way out. The island is guard-gated, with 24-hour security and privacy from the water with little tourist boat traffic.
- Waterfront Living. Allison Island offers one of the best options in all of Miami for waterfront living with nice lot sizes (16,200 SqFt to 21,600 SqFt) and direct access to the open bay. Almost every residence offers spectacular views with large waterfront frontage capable of accommodating large yachts.
- Much more affordable than Similar Neighborhoods. Comparable waterfront homes in the area sell for much more compared to Allison Island. La Gorce Island, North Bay Road, Sunset Islands, and Venetian Islands all have homes trading over $30M, $40M, and $50M. The average sale at Allison Island is $12.2M, a much more affordable option but the same quality of living.
- Location. In North Beach, it is tucked away to give you that quiet neighborhood feel but close enough to be a few minutes from all the action. La Gorce Country Club is minutes away, Bal Harbour shops and dining is an 8-minute drive, South Beach is only a 15-minute drive, and most importantly, Miami International Airport is a 22-minute drive.
- Schools. Close to great schools in the area including Design and Architecture Senior High School, Miami Arts Charter School, Mater Beach Academy, MAST FIU BBC, Bienberg/Fisher K-8 Elementary, David Lawrence Jr. K-8 Center, Lehrman Community Day School and Miami Country Day School.
Real Estate in Allison Island
Over the last 3 years, homes in Allison Island have traded between $4.7M to $22.5M. Properties on the west side of the island typically carry a premium. This side is more desirable for its sunsets, and privacy overlooking single-family homes only. The east side of the island overlooks condo and commercial buildings on the Miami Beach side.
- Newer construction homes (2015+) are mostly larger homes, usually with a minimum of 6 bedrooms, and 6 bathrooms. They range in size from 6,000 SF to 10,000 SF, and are trading at an average of $2,107 per square foot.
- The older homes in the neighborhood range in size from 3,500 SF to 5,500 SF on average. They are trading at an average of $1,775 per square foot.
New construction on the island
New construction homes in Allison Island have been booming. Since 2016, there have been 11 newly built homes currently under construction, which is over 20% of the properties on the island in just 8 years. Buyers and developers have realized the value that is Allison Island. There are still opportunities to buy land at a (lower) price point compared to neighboring communities and build a spectacular new construction home.
Conclusion
If you are looking for a luxury home in Miami Beach, that is preferably gated and waterfront then Allison Island might be the perfect choice. The direct water access, the perfect half-an acre lot sizes and the (relatively) affordable prices make this a favorite for many buyers. Contact us today for more information about the Allison Island Market and its listing.
Why work with us?
At the David Siddons Group, we bring a unique blend of skills, knowledge, and expertise to help you find your ideal South Florida real estate. Over the course of nearly two decades, we’ve amassed invaluable experience, having successfully completed countless transactions totaling billions of dollars. What sets us apart is our ability to source numerous off-market deals each year, ensuring that our clients aren’t limited to what’s currently listed. When we understand your desired location, we embark on a relentless search to find your perfect property, even if it’s not publicly available. We make calls, knock on doors, and send emails to homeowners and condo residents weekly, actively seeking new opportunities.
Our analytical prowess in the housing market is unparalleled. On our website, you’ll discover a treasure trove of tools and insights. Whether you’re a local or new to Miami, we’ve got you covered. For homes, our Miami Beach neighborhood analytics reveal sales data spanning the last 90 days to the past 24 months, showcasing price-per-square-foot figures from highest to lowest. Additionally, we provide information on months of inventory, helping you gauge whether it’s currently a buyer’s or seller’s market. When combined with our comprehensive reports, you’ll be armed with the knowledge you need.
In conclusion, these tools empower you, along with our expert guidance, to make confident decisions about the right price to pay. Our mission is to eliminate the “blind faith” dynamic that has previously existed between agents and buyers.
Schedule Time with David Siddons & David Vazquez (In Person or via Zoom)
FAQ
These are the most commonly asked Google Real Estate Related questions
1. What are the Current Best New Condos in Miami?
If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023.
2. What is the best New Construction Condo in Fort Lauderdale?
In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.
3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami?
Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!
WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...
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