What To Look For In Miami Luxury Real Estate

It is important to remember that the Miami luxury real estate market is an incredibly thriving segment of the state’s overall real estate industry. In fact, recent sales statistics show a marked increase in the value of the areas condominiums which indicates that anyone interested in acquiring luxury Miami real estate will not be finding any bargain basement prices.

Does that mean that Miami luxury real estate is out of most consumer budgets? Absolutely not! There are many neighborhoods and regions in the Miami area where a second home or rental property can be found for a very attractive and reasonable price.

Many buyers ask where and what to look for in Miami luxury real estate and the answer is quite simple – almost every neighborhood has luxury homes available and each is going to provide a surprising number of options and amenities.

Let’s look at a few neighborhoods to understand. The Downtown Miami neighborhood is, of course, full of retail and business offerings but just north and south of this district are two “booming” neighborhoods. Brickell to the south and the Design District to the north are both areas that provide the ideal answer to anyone looking for a home or investment property.

Brickell is often called the “Manhattan of the South” because of its financial, legal and governmental buildings and institutions as well as its many shopping, dining and retail areas. The region is home to single professionals, families and retirees and is one of the most dynamic neighborhoods in the city. Of course the Design District is something else as well. This is home to some of the most well-known design houses in the city, as well as the world. With more than one hundred professional shops and all of the accompanying stores, restaurants and businesses this neighborhood is also one where many people are snatching up condominium properties also.

Clearly it is a good idea to know your neighborhoods, or just to know what you want from your neighborhood when investigating Miami luxury real estate. For example, will you want direct access to a private marina? Do you want to be close to all of the shopping or night life? Is proximity to an airport necessary? All of these issues can help you identify the right neighborhood.

Additionally, there are some “basics” that all luxury properties must offer and these include views, comprehensive services, high-quality materials and construction, excellent facilities such as pools, spas and fitness centers and numerous floor plans to choose from.