Despite the critics, the Miami real estate market is still considered as a safe heaven for high end property buyers. Even though Latin America is going thru a political and economic turmoil and the dollar is strong, buyers from those countries are still investing in second homes in Miami. Moreover Americans, Chinese and Turkish buyers are showing signs of interest. Finally, Europeans are changing their views of Miami. They are considering Miami not just as a holiday destination but theyíre starting to think about it as a permanent home.
All this interest comes from the fact that Miami is a safe investment. The sale of high end properties in the first 6 months of this year were stable. The prices are actually increasing from $1,233 in 2015 to $1,430 in the second quarter of 2016.
The majority of those buyers are end users who live in their units or use it as a second home without ever renting them.
What are buyers looking for in this market? Location, outstanding amenities and architectural details. Letís have a look at several condos which offer the full package.
First of all, the 1 Hotel & Homes South Beach . The location is unbeatable. This is a beachfront structure, next to the most fashionable shops and restaurants on Lincoln Road. Close by you can also walk to the Frank Ghery New World Center, the Bass Museum of art and the Botanical Garden. The owners love to take advantage of the hotel amenities such as the 4 elevated swimming pools, the SoulCycle studio, the 18,000/sqft spa and fitness center or the 3 renovated bar-restaurants. There is also a trendy rooftop pool and restaurant-bar with an amazing view of Miami skyline. The recently renovated spaces are beautiful and cozy. Debora Aguiar, the interior designer did an awesome job. The price for condos start at $1.2 million.
The 87 park is a preconstruction in North Miami Beach that will open in 2018. This building has been projected by Renzo Piano. This project is his first residential structure built in the Western hemisphere. The interior design has been done by RDAI known for their amazing Hermes flagship store in the Design District. The owners will have direct access to the beach and to the adjacent park. The expansive round balconies have a beautiful direct view on the beach. The structure will also have an Enoteca Wine Bar with a sommelier for any wine suggestions. The prices start from $2.5 million.
At last, the Ritz-Carlton residences in Miami Beach are in a residential, quaint neighborhood. Every detail aims to reach perfection. The owners can have full access to amenities such as private dockages, use of a Van Dutch yacht with captain, cozy cinema-style screening room, indoor-outdoor spa and a fitness center. But itís not all, there is also a half-acre rooftop pool deck with private cabanas and a delicious restaurant, pet cleaning and a meditation garden. The Ritz-Carlton Residences have been designed by another Italian architect, Piero Lissoni. Prices from $2 million.