Miami Beach and South Beach Property Market
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Miami Beach is one of the most desirable areas to live in the Miami area, and has been one of America’s pre-eminent beach resorts since the early 20th century. The group of barrier islands which make up Miami Beach are separated from Miami proper by Biscayne Bay on one side, and the Atlantic Ocean on the other. Miami Beach is a full-blown community with it’s own schools, hospitals, golf courses, shopping, and obviously, beaches. Watch our intro video to take a tour of this vibrant beach town.
Together, South Beach, Mid-Beach and North Beach form Miami Beach and make up 12km of coastline. The unique proposition of living, vacationing, or buying in Miami Beach is that it offers residents and visitors all the benefits of a beach and ocean lifestyle, 15 minutes from the commercial centers of downtown Miami, less than 10 miles from Miami International Airport, and 20 minutes from the spectacular natural beauty of the Florida Keys and their national parks.
It’s also worth remembering that, other than the Florida Keys, Miami Beach has the warmest winter weather and the warmest water temperatures in the mainland United States. Combined with world-class dining, shopping and lifestyle Miami Beach is a delight for the senses.
For foodies Miami Beach is a treat, with 843 restaurants listed here on Tripadvisor. Notable hot spots to enjoy fantastic seafood include old favorite Joe’s Stone Crab, as well as varied international cuisines of every description: My Ceviche for Latin and Caribbean, Yardbird for eclectic southern, and many high end dining experiences and places to see-and-be- seen, such as the glamorous Pied a Terre.
Global Art Scene in Miami Beach
Miami Beach is also a renowned area for the arts, with the diverse cultural mix bringing a varied and eclectic music and art scene, and boasting its own symphony. In recent years Miami Beach has become a mecca for global art movers and shakers, playing host to the global event Art Basel.
In this unparalleled art show over 250 leading galleries show their drawings, sculptures, paintings and installations, attracting 70,000 plus visitors over the four days in December. Works exhibited include modern and contemporary masters, as well as that of newly emerging stars. For those few days Miami Beach is host to more artwork than the Whitney, MOMA or Tate Modern.
The Property Market in Miami Beach
All of these factors combined mean buying property in Miami Beach is always a good investment, whether for your own lifestyle choice, capital appreciation, or rental returns. Property here is always in demand, the market is growing steadily, and strong year-round and short term rental markets exist.
To give an example, the condo market has seen around 10% growth year-on-year in recent times. The Miami Beach property market has around 10 months of inventory at time of writing – so it is a good time to buy as the market it slightly tipped towards buyers. This means we aren’t seeing crazy appreciation or bidding wars (as we do when there’s a shortage of inventory) but a sensible and healthy market. Gated island communities, single family homes, and high rise condos are all part of the real estate landscape. There are opportunities at all price points – from a couple hundred thousand dollars to multi-millions.
This section of Miami Beach is a starting point for visitors to these beautiful shores, and a great place to soak up the atmosphere. South Beach is the best placed of the beaches for access to downtown Miami, and also has a thriving commercial center itself. In addition, the lively nightlife, rich cultural mix, and varied dining and music experiences available here make for an exciting visit or lifestyle should you choose to buy in South Beach.
Character and Architecture Gives South Beach its Vibe
The South Beach Art Deco District is world-renowned, with over 800 protected buildings from the height of the Art Deco period 1930s and 1940s. Architects and designers today still draw inspiration from the finest examples of the period which are carefully preserved here. Along the whole of South Beach you will find an eclectic mix of boutique hotels, bars and restaurants, with a vibrant nightlife, food and music scene.
Come morning, the beach is home to yoga, water sports, sun bathers, and kite surfers, and on the boardwalk and around the streets, cyclists too – South Beach is one of the most bike-friendly neighborhoods in Miami. With more public parks per square mile, it’s also a green community and while the nightlife and party scene is renowned, the daytime lifestyle centers around the beach, water and cosmopolitan dining scene.
Homes for Sale in Miami Beach
$209,900 : 439 15th St #18, Miami Beach1 bed, 1 bath
$420,000 : 1401 Bay Rd #208, Miami Beach2 beds, 2 baths
$149,000 : 763 Pennsylvania Ave #107, Miami Beach0 beds, 1 bath
$279,000 : 2829 Indian Creek Dr #510, Miami Beach1 bed, 2 baths
$899,000 : 9 Island Ave #406, Miami Beach2 beds, 2 baths
$249,900 : 401 69th St #209, Miami Beach1 bed, 1 bath
$529,000 : 650 West Ave #2306, Miami Beach1 bed, 1 bath
$17,000,000 : 350 S Hibiscus Dr, Miami Beach8 beds, 9 baths
$230,000 : 1255 Marseille Dr #24, Miami Beach2 beds, 1 bath
$849,000 : 1500 Ocean Dr #1009, Miami Beach1 bed, 2 baths
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(all data current as of 5/22/2018)
Listing information deemed reliable but not guaranteed. Read full disclaimer.