Real Estate Miami
Miami is a large metropolis located on the southeastern Florida coast. The city sits between Miami beach to the east, Kendall to the south, and Miami Gardens to the north. It is geographically close to other big cities in the area, providing residents with additional connections. Among these are Fort Lauderdale and West Palm Beach.
Why Is Real Estate Miami Popular?
Miami attracts buyers for several reasons.
First, the city offers employment opportunities. It has a diverse economy based on tourism, culture, the arts, international trade, finance and commerce. It is a location for many types of professionals.
Second, the city’s amenities also draw homebuyers. Miami, for instance, offers many beaches from north to south. These include Sunny Isles Beach, Haulover beach close to the Intracoastal Waterway, and Surfside Beach which is free from major commercial developments. It also offers a vibrant food scene, art and cultural venues, and a thriving nightlife.
Features Of Real Estate Miami Market
In 2019, GaWC classified Miami as a Beta+ level global city. This rating means that it scores highly on measures of business activity, cultural experience, information exchange and human capital. Currently, the city and metro is home to more than 2.8 million residents, making it among the largest in the country.
Real estate buyers move to Miami for its ease of access. Located on the eastern tip of the Florida peninsula, it is accessible by land, sea and air. The city boasts an international airport - primarily for business and tourist trade. And it also has several shipping ports with links to Latin American countries to the south.
Miami offers a large variety of properties. Over the past twenty years, builders constructed many new rentals and condos in the downtown area. These include both high-rise and suburban options. Thus, buyers have a choice between large detached homes or apartments overlooking the ocean, with perhaps a few other options. Buyers also like Miami for its range of parks and nature reserves, found throughout the city. The Oleta River State park, for instance, is a large urban park in North Miami Beach, covering more than 1,043 acres. It offers sandy beaches and opportunities for canoeing and kayaking. There are also cycling trails for off-road bicycles cross-crossing the area.
Real Estate Miami: Neighborhoods
Miami offers a variety of historical neighborhoods. Brickell, for instance, is in the heart of the city and features both skyscrapers and high-rise apartment buildings. By contrast, Coconut Grove by the water and the Old Surf Town, is home to a diverse cultural scene. Miami is also about an hour and a half drive to Delray Beach, and an hour to Dania Beach.
The following are some of the locations buyers choose to live in Miami:
Little Havana sits west of downtown Miami. It is the home of Cuban culture in the city. The area offers plenty of history, going nearly all the way back to Miami’s founding.
Buyers often move to the area for the food culture. There are plenty of bars, bistros and restaurants in the neighborhood offering traditional Cuban as well as regular American dishes. Downtown Miami is roughly 20 minutes away on public transport.
South Beach is known for its nightlife and water-based recreational activities. It sits next to Miami’s beach and offers art deco architecture. Residents get around using bus, car, or local transportation solutions. Getting to downtown Miami takes around 15 to 25 minutes.
Pinecrest is a location in Miami, about 12 miles southwest of Downtown. Buyers are attracted to the area because of its suburban pace of life. It is home to many parks, playgrounds and farmers’ markets, making it popular among families.
Miami Beach is a nine-mile island that sits to the east of downtown. Buyers move here for its outdoor recreational opportunities, including jogging and skating. It also plays host to sidewalk cafes, concession stands, and some historic sites. It is very common to have a jumbo loan in this area.
Kendall is 21 miles south of downtown Miami. It offers comfortable suburban housing and a quieter atmosphere than more central areas.
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