What are Miami's best neighborhoods to find the most beautiful villas?

Miami, one of the most dynamic and attractive American cities, also bears the nickname “Gateway to the Americas”, due to its proximity to the Caribbean and Latin America. The city thus has an extremely diverse population, which is reflected in the culture, the lifestyle and of course, the real estate. Miami's real estate market is currently experiencing a real booming  due to the international pandemic. Indeed, everyone wants to enjoy the good life of the Magic city. Recently, many public figures have also acquired a property in Miami: David Beckham at the 1000 Museum, Pharrell williams within Coral Gables Estate in South Miami or even Jennifer Lopez who bought a villa on Star Island in Miami Beach. Not everyone can afford a multi-million dollar property; however, the offer is very varied and caters to all profiles.

Famous for its powerful tourism, aeronautics and cruise industries, the very dynamic city of Miami is posting exceptional economic growth and becoming, on the other hand, the 2nd city with the fastest growing economy in the United States but also the 4th largest economy in the country. The extremely temperate fiscal climate has a lot to do with it since there is no income tax in Florida. So of course, the city is attracting more and more investors wishing to acquire an oceanfront villa or a condo as a second home or simply to invest.

Due to the pandemic, the most important demand currently concerns family houses or villas with land, swimming pool or access to the ocean. Coral Gables, Coconut Grove and Key Biscayne are the 3 main areas with a high concentration of spectacular villas:

Coral Gables

Renowned as one of the most exclusive neighborhoods in Miami, surprises with the beauty and elegant diversity of its architecture, its lush vegetation and a very appreciable cultural program.

Coconut Grove

Bohemian-chic neighborhood, perfect for those looking for a quiet life by the ocean.

Key Biscayne

The pleasure of being an islander just 15 minutes from the Brickell district. This amazing place offers plenty of outdoor activities for the whole family, from water sports to natural cycle paths. Family life is resolutely turned towards nature.

These districts, which have good public or private schools and many sports activities, are currently in high demand and result in the decrease of inventory.

The Miami business center has experienced a very strong growth in recent years, leading to the construction of a large number of luxury condos in neighborhoods such as Brickell, Downton or Edgewater. The offer remains strong in these districts which are still developing very promisingly. Boasting an intense day and nightlife, Miami's business center is expanding to offer luxury boutiques, and excellent restaurants, among other things. With a decidedly urban lifestyle, these districts will appeal more particularly to young people.

Miami Beach

Remains the jewel Art Deco from the city. Heavenly beach for miles, holiday atmosphere day and night and colorful streets help create a tropical atmosphere. Most Miami Beach condos boast a breathtaking view of the endless deep blue ocean and the city skyline.

Fisher Island

Ultra-exclusive island located off the southern tip of Miami Beach, offers hyper luxury to its residents: very high-end amenities such as a private beach, oceanfront golf course, spa, marina and much more.

Miami, which continues to grow, offers interesting investment opportunities through many new projects with delivery dates ranging from the end of 2021 to 2025 and whose prices are between $300,000 and $8 million and more. . Note in particular the 57 Ocean, Arte Surfside or Monad Terrace, in Miami Beach; Aston Martin, Elysium, Missoni Baia, Natiivo or Una Residences, in Brickell; or Mr. C in Coconut Grove. Also note that many Miami properties allow short-term rentals and offer property management services that will make your life easier, whether you are the tenant or the owner.

So, are you ready to invest in Miami?              

Inventory: There are no more homes for sale in Miami!

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Given the international situation, Miami is the new Eldorado of the United States; the city where everyone wants to come and live. A very enviable lifestyle, a temperate climate all year round, space, light and magnificent sandy beaches, finally, to conclude, an argument that hits the mark; no income tax! What could be more tempting then, but we must act quickly because the inventory of goods for sale has never been so low and the city is attracting more and more buyers.

More seriously and beyond an exceptional quality of life throughout the year, Miami is a city that encourages real estate investment for many reasons:

With prices that remain below the average for major international capitals, Miami is attracting many investors likely to secure more than 5% profitability. The city currently has an ever-increasing population from New York, New Jersey, Connecticut, Pennsylvania, Massachusetts in search of space and sun, who wish to acquire a pied-à-terre by the ocean or simply change. of life. What makes Miami today an extremely active and attractive city.

The city, cosmopolitan and multicultural par excellence, has more of 2.7M inhabitants. 60 different languages are spoken for 100 countries represented. It should also be noted that some 900 people arrive in Florida every day, ensuring an ever more dynamic demographic balance. This is also one of the reasons why Miami has the 4th largest school zone in the US.

Carrying more than 4 million passengers each year, Miami, also nicknamed the Capital of Cruises, is the 1st port in the country and the 3rd aeronautical hub in the US with more than 33.5 million passengers transported each year.

The current pandemic is leading to the arrival of a growing number of tech companies from Silicon Valley or Texas which are redeploying to Miami, the “Magic City”.

Miami is also the 2nd fastest growing city in the US and this thanks to a most favorable tax system since there is no income tax in Florida. As a result, the city is the #1 destination for the creation of start-ups, it also hosts more than 1000 multinationals. Thus Florida as a whole represents the 4th largest economy in the United States and the 3rd state with the best return on investment.

So many arguments that have pushed many buyers to come and invest in Miami. Will it be your turn soon?

BARNES Art & Cube Art Fair

Due to the general cancellation of major art exhibitions and fairs around the world, Cube Art Fair has launched the 'Art Beyond Borders' campaign which has made it possible to circulate, from October 6 to 12, 2020, in the streets of Brussels, around a hundred works of art created and imagined by artists from all over the world, including those of Charles Molina represented by our founder Heidi Barnes. This campaign has made it possible to redefine the streets as a place of art and reach more than 5 million people.

On the strength of this highly noticed event, Cube Art Fair now invests the streets of Miami for the adapted version of the Art Basel Miami week. Its public art fair will be held from 1st through December 6, 2020, showcasing work by established and emerging artists on more than 50 billboards located across city, in the heart of the new Miami World Center and along the expressways of the Design District, Wynwood, Brickell and Downtown Miami.

On the occasion of this unmissable artistic event, the Maison BARNES will once again support theartist Charles Molina, to the painter Carolina Baron Biza and also to sculptor Tatiana Blanco, whose works will be displayed in the streets of Miami. A very private evening alongside two actors of fine watchmaking, FP Journe and NovelaWatch Collectors Club will also be organized at the Epic Hotel in Miami. 

©  Haute Living - published on Barnes International Realty on 12/01/2020

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