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The Rise of Surfside and Miami Rentals

April 29, 2016

 

Regardless of whether the market is up or down, there’s no denying that the South Florida real estate market is always active.  Whether it’s the announcement of a new condominium project on the beach or a celebrity putting their luxurious mansion up for sale, there is always something going on.

The town of Surfside doesn’t make headlines too often.  The typically quiet enclave is suddenly seeing a surge of activity, namely luxury residential developments thanks in part to its irresistible location near the Atlantic Ocean, the affluent village of Bal Harbour, and the city of Miami Beach to the south.  With its walkability and major projects like the upcoming Surf Club Four Seasons by Pritzker-winning architect Richard Meier, the town is on a roll.

Over in Miami, its real estate market has been dominated as of late by condominium projects and it’s given way to rental projects as the number of young professionals not ready to commit to a purchase continues to grow.  The Melody Tower is one of these upcoming projects and will be comprised of 497 units within a 38-story building set to be constructed within Miami’s Arts and Entertainment District.  Leases within this stylish building will begin at about $1,600 a month.

What other cities or towns have you noticed are seeing a major upswing?

This update is brought to you by Julian Johnston of Calibre International Realty.  Julian specializes in North Bay Road real estate including North Bay Road waterfront homes.  He is also experienced in Miami Beach condos like Apogee South Beach, the two Continuum buildings, the Portofino Tower, and more.  Call 305.502.3985 for any questions about Miami real estate or Miami Beach real estate.

 

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