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Miami Beach Canyon Ranch Miami Beach Fisher Island Apogee Condos South Beach South Beach
Miami Beach Waterfront Real Estate
Owning waterfront property in Miami Beach is typically a preferred strategy over owning non-waterfront property. Having said that, I would also add that this is not always feasible for some as prices for single family homes start at over $3 million in the favored neighborhoods in Miami Beach like the Sunset Islands, La Gorce Island, Allison Island, the Venetian Islands, Star Island, Palm Island and Hibiscus Island. Houses on Pinetree Drive and on North Bay Road are among the nicest areas in which to own as prices range from $3 million to over $40 million for some of the largest estates. Prices for a 3 bedroom/2 bathroom (non-waterfront) in these neighborhoods start at around $900,000 and average in the $1 million to $2 million range.
Waterfront condominiums in Miami Beach can be found for under $300 per square foot in older buildings that face Biscayne Bay. Direct oceanfront condos typically start at about $600 per square foot in the nicer buildings and average over $1,000 per square foot in the South Beach area. Premier condo buildings like Apogee, Canyon Ranch Miami Beach, The Setai, Il Villaggio and a few others are selling for well over $1,000 per square foot. Note that now in a very strong buyers' market, some large 2 bedroom condos with bay views are available for under $500,000, however, it depends on the building and the neighborhood. Older historically significant buildings like the King Cole Condo in the North Beach area of Miami Beach offer some great values as the building is still completing some renovations.
Condos in Miami Beach are found in the zip codes 33139 (mainly South Beach); 33140 (mid-Beach) which is between about 23rd Street up to 60th Street; and 33141 (North Beach), which covers from 61st Street up to 88th Street, the beginning of Surfside. Often times Surfside (88th St.-96th St.), Bal Harbour (96th Street to Haulover Cut); and Sunny Isles Beach (north of Haulover Beach to Golden Beach) are included when many people think of Miami Beach.
South Beach is the priciest of the neighborhoods with its many attractions, restaurants, night clubs, hotels, and of course the beach itself. Mid-Beach has several new condos that have just been completed or are in the process of construction, however, there are still many older condos that were built in the 1960's and 1970's as well. Here there are some very good values as there are also in the North Beach area. In North Beach, there is a preponderance of MiMo (Miami Modern) style architecture from the 1950's, 1960's and 1970's.
This is just a very brief overview of the Miami Beach market. I could easily write another 10 pages about the different neighborhoods, buildings and many attractions that lure northerners like myself into moving here. For more information, please contact Michael Sahlman directly at 786.553.0697 or email him