Archives of #REAL ESTATE IN MIAMI - BARNES International Realty

June 24, 2024June 24, 2024

Why buy an apartment in Brickell?

If you want to settle down in Miami, it can be difficult to know which neighborhoods to choose. Indeed, many places could appeal to you. Among them, we can cite Brickell which stands out for its dynamism and its numerous advantages. With its modern skyscrapers and stunning views of Biscayne Bay, Brickell is one of Miami's most desirable neighborhoods. If you are looking for an apartment in Miami, don't miss out. Discover four reasons to buy an apartment in Brickell now.

Strategic positioning and excellent transport network

The geographical location of Brickell is a major asset. Close to central Miami, this neighborhood offers easy access to major business areas, beaches and the Miami International Airport. Brickell is served by a well-developed public transportation network. It includes metro lines, buses and the free Metromover, making local travel easy. Additionally, its proximity to major highways makes it easy to travel throughout the Miami area.

A modern and lively living environment

Brickell is renowned for its exceptional and modern living environment. This neighborhood is often compared to Manhattan for its urban and sophisticated atmosphere. The skyscrapers house apartments with spectacular ocean and city views. It's a real place to live, nestled between Miami Beach and Downtown. Brickell combines urban dynamism and refined comfort. In addition to being home to headquarters of major multinationals, prestigious banks and renowned law firms, Brickell offers a unique neighborhood experience in the tropics.

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A lively and culturally diverse neighborhood

Brickell is a vibrant and culturally rich neighborhood. This district is famous for its many cultural events. Mary Brickell Village and Brickell City Center are the heart of the neighborhood's commercial and social life. They are home to luxury boutiques, restaurants and lively cafes. Residents of Brickell can also enjoy the vibrant nightlife with numerous bars and clubs offering a unique entertainment experience.

A prestigious real estate market in constant evolution

The Brickell real estate market is booming and attracting buyers from all over the world. In 2024, the median sale price for an apartment in Brickell reaches $850,000, illustrating sustained demand for this modern and dynamic neighborhood. Buying an apartment in Brickell is a safe investment. Additionally, the diversity of properties, from luxury bay view apartments to exclusive penthouses, offers plenty of options to suit everyone's tastes and needs.

Conclusion

Brickell is a unique neighborhood offering an exceptional living environment. Its urban atmosphere, its breathtaking views and its strategic location make it particularly attractive. Whether you're looking for a sophisticated environment, a vibrant community, or a profitable investment opportunity, Brickell has it all. Consider investing in this iconic Miami neighborhood and discover the benefits of living in Brickell. Do not hesitate and take the opportunity to buy an apartment in Brickell and reside in one of the most sought-after areas of Miami

Contact us today at BARNES Miami to find your future home.

June 20, 2024June 20, 2024

Why Buy a Home in Coral Gables?

If you're considering living in Miami, there are several neighborhoods worth your attention. Among them, Coral Gables stands out for its timeless elegance and multiple advantages. With its picturesque landscapes and Mediterranean architecture, Coral Gables is one of the most desirable neighborhoods in Miami. If you're looking for a home in Miami, don't miss out. Let’s explore four reasons to buy a home in Coral Gables.

A stable and attractive real estate market

The Coral Gables real estate market is known for its stability and continued appeal. In 2024, the median sales price reaches $1,500,000. This illustrates a sustained demand for this prestigious district. Coral Gables attracts local and international buyers. So, buying a home in Coral Gables is a safe investment. Additionally, the diversity of properties, ranging from charming historic homes to luxurious modern residences, offers numerous options to suit everyone's tastes and needs.

An exceptional living environment

Coral Gables is known for its exceptional living environment. It offers a perfect balance between urbanity and nature. Its wide tree-lined avenues, well-kept parks and picturesque canals create a peaceful atmosphere. Among the major attractions is the Fairchild Tropical Botanic Garden. This magnificent botanical garden is a treasure. The one-of-a-kind historic Venetian Pool also adds to the charm of Coral Gables. Residents also benefit from excellent schools, both public and private. This makes Coral Gables a great place for families.

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A strategic location

Coral Gables’ geographic location is another major asset. Close to central Miami, this neighborhood offers easy access to major business areas, beaches and the Miami International Airport. Coral Gables is served by a well-developed public transportation system. It includes free buses and trolleys that make local travel easy. Additionally, its proximity to the University of Miami makes it an attractive choice for students and scholars.

A neighborhood rich in culture and activities

Coral Gables is a vibrant and culturally rich neighborhood. The city is famous for its many cultural events, art galleries and theaters. The Miracle Mile, an iconic street in Coral Gables, is the heart of the neighborhood's commercial and social life. It is home to luxury boutiques, gourmet restaurants and lively cafes. Golf enthusiasts will also enjoy the many quality golf courses, such as the famous Biltmore Golf Course.

Conclusion

Coral Gables is a unique neighborhood offering an exceptional living environment. Its historical charm, its green spaces and its strategic location make it particularly attractive. Whether you're looking for a peaceful environment, a vibrant community, or a profitable investment opportunity, Coral Gables has it all. Consider investing in this iconic Miami neighborhood and discover the benefits of living in Coral Gables. Don't miss the opportunity to purchase a home in Coral Gables and live in one of Miami's most desirable neighborhoods.

Contact us today at BARNES Miami to find your future home.

June 17, 2024June 17, 2024

Why buy a house in Coconut Grove?

If you are considering live in Miami, several neighborhoods deserve your attention. Among them, Coconut Grove stands out for its unique charm and multiple advantages. With its diverse community and easy access to amenities, Coconut Grove is one of Miami's most desirable neighborhoods. If you are looking for a House in Miami, don't miss out. Let's discover three reasons to buy a house in Coconut Grove.

A booming real estate market

The Coconut Grove real estate market is growing rapidly thanks to its diverse community, attracting people from all over the world. In 2024, the median sales price reaches $2,144,340 and has been increasing sharply since January.

In addition, Coconut Grove offers many restaurants, shops and activities with the advantage of being a neighborhood where it is not easy to get around on foot. Coconut Grove also has the best private schools in Miami.

Easy access to the rest of the city

The best part about buying a home in Coconut Grove is the ease of access to other areas of Miami. Once settled in your home, you can easily explore the city thanks to the numerous bus and metro lines. Coconut Grove is served by several metro stations that connect you to the entire city. You can also use Miami's rail network, which allows you to reach different parts of the city. If you need to travel to Downtown, South Beach, or even as far as Fort Lauderdale, public transportation options are plentiful. Coconut Grove is also close to Miami International Airport, making domestic and international travel easy.

Properties available in Coconut Grove

A vibrant and cultural neighborhood

Coconut Grove is in the heart of a vibrant and culturally rich community. Here you will find community events, arts festivals and local farmers' markets. The streets of Coconut Grove are lined with trendy cafes, art galleries and independent boutiques which add to the unique charm of this very secure neighborhood with a European atmosphere.

Living in Coconut Grove is an immersion in an environment where culture and lifestyle blend harmoniously. Green spaces, like Peacock Park and Kennedy Park, provide places to relax and enjoy nature in the heart of the city. Furthermore, outdoor musical performances add more attractiveness to the neighborhood. This non-exhaustive list demonstrates the popularity of Coconut Grove.

Conclusion

Coconut Grove is a unique neighborhood offering an exceptional living environment. Its mix of historical charm, nature and modernity makes it attractive. Whether you are looking for a peaceful environment, a vibrant community or a profitable investment opportunity, Coconut Grove has it all.

Consider investing in this iconic Miami neighborhood and discover the benefits of living in Coconut Grove. Don't miss the opportunity to live in one of Miami's most desirable neighborhoods.

April 26, 2024May 3, 2024

Real estate fever in Miami, an article commented by Enzo Rosani for Les Echos

Billionaires' paradise. Miami is seeing an influx of tech executives and hedge fund managers, attracted by an ultra-light tax policy. Real estate and luxury goods are soaring, driven by post-pandemic fever.

In the “Magic City” with 2.7 million inhabitants, the eye may focus on the skyline, but everything seems to take place under the open sky. Business is rising faster than sea levels, which rightly worries residents near the shore. In thirty years, he has gained 7 centimeters; it could rise 86 centimeters over the next 50 years. Despite this horizon of vulnerability linked to climate change, Miami, built on a swamp, is building relentlessly.

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HOW MANY SQUARE METERS, FOR 1 OR 10 MILLION DOLLARS?

According to Enzo Rosani, director of Barnes Miami, a budget of $1M allows you to afford a house to restore of 100 m2 in Miami Beach, a house of 120 m2 in Miami Mainland. Or a 30 m2 apartment in Coconut Grove, a residential area with tropical greenery. Real estate is soaring. For this amount, you can aim for an apartment of 90 m2 in Key Biscayne or more than 100 m2 in Edgewater. The latter is becoming very popular for its views of the bay.

We can also consider "a 150 m2 house" in Little Havana, but offers are rare in this typical residential area. What if we have $10 million? The expert highlights “a house on the water or a plush apartment of several hundred square meters in Miami Beach, in the popular South of Fifth district”. Such a budget makes it possible to qualify for an apartment in a chic “condo” or a house in Key Biscayne.

REAL ESTATE, MORE AFFORDABLE THAN IN NEW YORK?

In its “Global Property Handbook” report, Barnes reports that in 2023, “Miami is the only major American city to have experienced an increase (0.9%) in the prices of luxury homes”. San Francisco and New York respectively recorded a drop in prices, in the same category, of 9.71TP3Q and 41TP3Q. The financial barons rushed forward to settle in Palm Beach (100 km from Miami). But also in the chic and green neighborhoods of Coral Gables or Coconut Grove. Founded in 1825 by a colony of American and European industrialists, these neighborhoods have good schools and the best universities. Houses priced at $7 million are coveted there, the supply is becoming scarce. In Brickell, these are the “young professionals” in finance, tech and cryptos. They are driving up the prices of more accessible real estate there.

Among American buyers, there are many more entrepreneurs and financiers, but also investors who want to buy to rent. We are far from a ceiling because “although Miami has experienced a real estate boom, the price per square meter there is still much cheaper than in New York or Los Angeles.
Enzo Rosani, Director of Barnes Miami

Contact Enzo for your real estate project in Miami

An article written by Virginie JACOBERGER-LAVOUE | Journalist, Les Echos

March 22, 2024April 22, 2024

Why invest in New Constructions in Miami?

Miami, known for its vibrant culture, beautiful beaches and thriving real estate market, continues to attract investors from around the world. Among the different real estate investment options available, new constructions stand out as a particularly lucrative opportunity in the Miami market. Investing in new construction in Miami has many benefits for investors seeking both short-term gains and long-term prosperity.

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#1 Popular Location and High Demand

Miami's appeal as a global hub for business, tourism and lifestyle makes it an attractive location for real estate investment. The city's strategic location as a gateway between the United States and Latin America, coupled with its favorable climate and diverse cultural scene, ensures a constant flow of visitors, residents and businesses. This strong demand for housing and commercial space creates a favorable environment for new construction projects, as developers seek to meet the needs of a growing population and expanding economy.

#2 Modern Amenities and Features

The new ones construction projects in Miami are a blend of modern amenities designed to attract discerning buyers and renters. From state-of-the-art fitness centers and luxurious spas to rooftop pools and smart home technology, these properties offer a range of desirable amenities that meet the preferences of today's lifestyle-oriented consumers. By investing in new construction, investors can capitalize on the appeal of these modern amenities.

#3 Appreciation potential

The Miami real estate market has a history of strong appreciation, fueled by factors such as population growth, economic expansion and limited land availability. Investing in new constructions allows investors to capitalize on this appreciation potential, as properties generally tend to increase in value over time and as surrounding infrastructure and amenities improve. By acquiring new construction properties from the outset, investors can position themselves to benefit from long-term capital gains as the Miami market continues to evolve and prosper.

#4 Favorable Financing Options

Investing in new construction often comes with favorable financing options, including pre-construction pricing discounts and attractive mortgage rates. Developers can offer down payment assistance or closing cost credits to attract buyers during the pre-construction phase, providing investors opportunities to secure properties at below-market prices. Additionally, lenders can offer competitive financing packages specifically designed for new construction projects, making it easier for investors to acquire and use these assets to maximize returns.

In conclusion, invest in new construction in Miami offers investors a compelling opportunity to capitalize on the dynamic real estate market of the city and secure attractive returns. With its prime location, high demand, modern amenities, appreciation potential, favorable financing options and diversified investment opportunities, Miami stands out as a leading destination for real estate investment. Whether seeking rental income, capital appreciation, or a combination of both, investors can find promising prospects in Miami's ever-changing cityscape and vibrant neighborhoods.

March 19, 2024April 11, 2024

Which neighborhood to invest in 2024 in Miami?

Miami has become one of the most affluent metropolises on the American continent. With its tropical climate and economic status, the city continually attracts investors looking for opportunities. The Miami real estate market is full of diverse options for investing, with properties ranging from condos to luxury homes. With so many neighborhoods to choose from, it's crucial to target areas that promise the best returns in 2024.

Here is an analysis of the most attractive neighborhoods to invest in Miami this year:

#1 – EDGEWATER

Edgewater is a center of attraction for development and quality living. Its riverside charm, proximity to renowned cultural centers and ongoing new development projects offer an attractive investment opportunity. The transformation of the neighborhood into a residential and recreational location positions it as a promising sector for real estate growth in 2024.

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#2 – DOWNTOWN

Downtown is a bustling neighborhood and a prime location for investing in real estate, particularly apartment towers. The area offers a mix of residential and commercial properties. From luxurious high-rise condos, retail spaces, office buildings to office spaces. Proximity to major business centres, cultural attractions and transport links makes it an attractive rental market option for investors seeking rental income and capital appreciation. Plus, Downtown Miami's tourist appeal makes it a surefire hit for rental properties, ensuring that you'll always have competition looking to rent your space as an investor.

#3 – CORAL GABLES

Coral Gables is an iconic neighborhood. Its rich heritage is reflected in the type of housing and real estate available. The area's stunning architecture is complemented by Coral Gables' expansive local parks. These green spaces offer a well-deserved break from city life. When it comes to real estate, investors have a wide range of options. You can invest in sprawling luxury estates, gated communities or condos in new high-rise residential towers.

#4 – COCONUT GROVE

Coconut Grove offers a quiet escape with its lush greenery and waterfront views. This historic neighborhood is experiencing a resurgence. Attracting investors looking for a blend of luxury living and investment potential. With upscale developments and a thriving cultural scene, Coconut Grove is an idyllic choice for those looking to combine residential charm with solid returns.

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#5 – BRICKELL

As Miami's financial district, Brickell continues to attract investors. With its iconic skyline, upscale amenities and proximity to major business centers, Brickell remains a sought-after destination. Ongoing developments, including luxury residences and commercial spaces, solidify Brickell's status as a premier investment location for those seeking sophistication and urban appeal.

Miami offers a wealth of real estate investment options in 2024. The neighborhoods mentioned above stand out as smart choices for investors looking to maximize their returns. By taking market trends into account, investors can take full advantage of the opportunities offered by Miami's dynamic real estate market in 2024. Would you like support in your investment research? Contact our team now and benefit from personalized support.

February 8, 2024April 10, 2024

Miami-Dade: The most competitive rental market in the United States

Miami-Dade County has been identified as the rental market the fastest growing in the United States this year, according to RentCafe's annual report. This success is attributed to several key factors, including the boom intechnology industry in the region and a business-friendly environment.

The index of competitiveness Rent Rate (RCI) of the county reached 122, the highest in the country. Nearby Broward County also ranks among the most competitive regions in Florida, with an RCI index of 101.

What does the RCI index mean? This index assesses competition in the rental market based on indicators such as lease renewal rates and occupancy rates.

The year 2023

In 2023, the rental occupancy rate in Miami-Dade County was particularly high, with 71.2 % of tenants choosing to renew their lease. For those looking for new housing, each available unit attracted an average of 22 applicants.

The RentCafe report highlights that this strong rental request is largely stimulated by the dynamism of technology sector of Miami, which attracts talent from around the world, as well as the lack of income tax in the state of Florida.

According to the report, China's thriving tech scene Miami continues to attract innovators and entrepreneurs from around the world, which fuels competition for apartments for rent. Additionally, the region's business-friendly environment provides incentives and opportunities for growth, while the absence of income taxes makes it an attractive choice for locals and newcomers seeking rental.

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Generally speaking, the estate market of Miami had the second largest price increase nationally this year, with a 6.7% increase, according to Black Knight, a company specializing in mortgage data and analytics. Recent data also indicates convergence between Miami's housing price growth and the national average.

January 9, 2024April 17, 2024

Record-Breaking Year for Florida Real Estate in 2023

In 2023, Miami reaffirmed its position as first estate market in America, attracting the attention of foreign buyers in particular. Of all international home sales in the United States, one in five took place in Florida, half of them being concentrated on the metropolitan market of Miami. A report of Miami Realtors points out that homes worth $5.1 billion were sold to out-of-state buyers in South Florida in 2023.

The entire state of Florida recorded $12.6 billion in real estate transactions with foreign buyers, according to a report from Florida Realtors. Miami, which is the focal point, has seen renewed interest from buyers, leading to an increase in real estate prices. Notably, 73 % of foreign buyers had visited Florida two times or less before making a purchase. According to the Miami Realtors report, 6 % of them had never visited the state.

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While in previous years Russia and South American countries had attracted attention, other parts of the world have turned their attention to Florida over the past year. Although Germany isn't leading in terms of number of purchases, buyers there have shown new interest in the Sunshine State. In particular, Germany recorded the highest number of web searches for real estate of South Florida in September and October.

Let’s await and discover what 2024 has in store for us.

Are you considering a new project in Miami ? Our team offers a high level of expertisee and service to help you find the place of your dreams, contact us now.

October 24, 2023April 12, 2024

Top 7 Reasons to Move to MIAMI

Here are the Top 7 Reasons to Move to Miami:

No State Income Taxes
Amazing Warm Weather Year-Round
Diverse & Vibrant Cultural Scene
Global Gateway of Job Opportunities
Entertainment & Nightlife
Beautiful Beaches, Parks & Water Activities
Great Selection of Golf Courses

May 4, 2023January 9, 2024

How Miami became the most important city in America

The last time Miami was relevant, it wasn’t important. In the 1980s, Miami provided nothing more than drugs, clubs, pastel blazers, jai alai gambling and, most notably, a hit TV show about all four.

But now Miami is the most important city in America. Not because Miami stopped being a frivolous, regulation-free, climate-doomed tax haven dominated by hot microcelebrities. It became the most important city in America because...

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