Luxury condos in Miami are typically those with a median appraised value of $1 million or more. But with the housing crisis, the definition of luxury has changed. Today, luxury condos include views of the ocean, downtown, and Biscayne Bay, the absence of industrialization, and customizations. And, of course, they are more expensive. Here are three of the most popular Miami luxury condos. You might find one that fits your needs and budget.
Miami Beach EDITION: The building sits on 3.5 acres of land in Mid-Beach, between North and South Beach. It is designed by acclaimed architect John Pawson and features 26 posh residences with Bulthaup kitchens with islands and bleached teak floors. Residents enjoy seamless transitions from an indoor to an outdoor lifestyle. In addition to swimming in a private lap pool, EDITION residents can cook on the oversized outdoor kitchen and entertain guests at private outdoor living areas.
Coastal home sales are helping the Miami luxury condo market. A glut of new development on mainland Miami had flooded the city with high-end apartments. Buying in a high-end condo meant having the upper hand and having the choice of a spectacular apartment. But the health crisis has prompted mass migration of people to the coastal holiday-home markets in South Florida. So, if you're a buyer, it's time to look for Miami luxury condominiums that offer fantastic views.
The Miami luxury condo market is booming, with thousands of residences in the most desirable locations. From boutique style buildings to high-rise resort-style complexes, Miami's luxury condos offer top-of-the-line amenities and views of the bay, the coast, and the ocean. Some of the best locations for luxury condos in Miami include Aventura, the Brickell district, Sunny Isles Beach, and the Coconut Grove.
While Miami offers many options for a luxury condo, the city's diversity is a major plus. Hundreds of buildings in Miami have expansive views and feature designer finishes. The most expensive Miami luxury condos, of course, are beachfront units. A few of them even have access to the beach. Most of the luxury condos in Miami are waterfront units, so they offer a beautiful view of the ocean. Some of them are also direct bayfront, which means you don't have to deal with the sand.
Coastal home sales are a key factor in the Miami luxury condo market. In the past, coastal mainland Miami luxury condos were weighed down by an oversupply of luxurious homes. By contrast, the upscale mainland Miami luxury condo market had enough to last for three years. Moreover, the Covid-19 health epidemic triggered a massive migration to the coastal holiday-home markets in South Florida. In turn, the demand for luxury Miami condos has risen.
0 Comments