Miami, Florida is one of the hottest destinations to invest in United States. On an average based in past records you can get about 18% return on your investment in Miami. Various companies in different industry segments either are expanding ion Miami, Florida or are setting up offices there. This means more and more people will be looking for places to live in Miami. So, if you are the one who will either like to invest or buy a real estate in Miami, this article is meant for you. We will share some of the hottest locations and properties to invest in Miami.
Miami Edgewater Condos:
Miami Edgewater condos are located in northern Miami, north of downtown Miami and are the most sought-after condos both from investment and living perspective. With Biscayne Bay to the east many of the Miami Edgewater condos for sale offer amazing waterfront views. They also have close proximity to South Beach and Wynwood, the Design District in Downtown Miami. The available Miami Edgewater condos for sale are also near the Bayfront park called Margaret Pace Park. The park has various facilities for people of all age groups like Basket Ball court, Sand Volley ball court, gated dog park, tennis courts, childrens park and a luxurious fitness area. Various restaurants offering different cuisines and grocery shops are also nearby.
Downtown Miami Condos:
Downtown Miami is the central business district (CBD) and is located between Park to north and Brickell to the south. There are various types of Downtown Miami condos for sale depending on budgets and location. The Epic residences are considered to be most luxurious downtown Miami condos available for sale. Some other amazing condos with Bay view are 50 Biscayne, Vizcayne North, One Miami East and Vizcayne South. While if you looking for an entry level Downtown Miami condos for sale, then we will suggest The Loft Downtown. Downtown Miami has condos and apartment for various budget ranges which are available both for sale and rent.
Miami Waterfront Condos:
Miami real estate offers various types of waterfront condos. You can select from sandy beach view waterfront condos or ocean view condos. Depending on your choice you can buy available Miami waterfront condos for sale. For example, in South Beach you can buy 300 Collins or 1 Hotel & Homes condos or the luxurious 1500 Ocean Drive condos. While in North Bay village you can buy 360 which has Bay front view. Miami waterfront condos for sale are also available at Sunny Isles Beach and Aventura.
Why Should You Buy Them?
One of the biggest changes in the Miami Beach condo market is the shift from secondary to primary market. Most of the market in the past was the second domestic market. So people used their units once or twice a year and in some cases rented out their units. These days, many of our buyers are relocation buyers who buy these units as a primary residence or still as a secondary residence, but with the intention of spending more time in the unit.This trend has been developing since the fourth quarter of 2020 and continued in 2021 with buyers relocating to NYC, Chicago, New Jersey, LA and San Francisco. As the type of buyers has changed, so has the demand for the units. People are looking for bigger units that will provide them comfort and allow them to stay in that unit for a long time.
Now that the borders are open again, we are seeing Latin and European buyers coming back again. Our listing found 10 shows this weekend in Sunny Isles Beach. 8 out of 10 potential buyers were foreigners. We predicted this new (second) wave of overseas buyers in our last video and it is happening now.
While supply was already at a record low, strong demand from international buyers is now creating additional pressure on the market as supply is hardly present and demand does not seem to be stopping. With the ongoing demand and the fact that no one is listing their units, we don’t see a reduction in prices anytime soon.
Well, these were some of the most famous downtown Miami and Miami Edgewater condos for sale which are currently available. It is also advisable to buy or rent Miami condos through an experienced realtor. We will suggest Tommy Barone, one of the most experienced realtor in Miami and South Florida. You can visit his website at https://www.tommybarone.com/ or call him for more details at 305.527.2022. This is best time to buy in Miami, invest now before its late.