What was once a sleepy city in the late ’90s into early 2000, is now a brilliant location whereupon crossing the causeways into Sunny Isles Beach you know you’ve reached an area with prestige and power. The architecture lining the Atlantic is second to none with a vast area of beautiful build and design spanning just 37 blocks; 3D Map.
Newer trends with the last pre-construction cycle include larger built condos consisting of over 3,000 SF, with deep terraces to entertain and enjoy the outdoor South Florida climate. The average space back when Miami was known as a place to simply vacation was <1,200 SF. Today, the average condominium for sale in Sunny Isles Beach consists of 1,742 SF and when priced above $1M, the average is 2,586 SF!
So where are we at in Q4 2020 and what may come of the inventory and selection in the coming year? What’s up in Sunny Isles Beach, Florida? To be honest, I simply do not know. What I do know is the draw for South Florida is here and we within the residential brokerage community know the resilience & allure of Miami. The global interest remains fixed on Miami and for a winter climate as such, there are few destinations that can compare when combined with the impressive views and value noted along the coastal communities of Miami-Dade. Canada is eagerly on the sidelines waiting for ease in travel restrictions to lift. Domestically, we have a huge draw continuing in from New York noting today that The Blackstone Group is relocating soon to bring 215 employees to South Florida.
Florida will continue growing by more than 300,000 people a year and will top 22 million residents in 2022 with potentially even higher figures now because of COVID. Prices are down from supply trends from this prior pre-construction cycle and opportunity is abundant as we see below.
Sunny Isles Beach Condos >$1M
Whether you’re seeking an amazing trophy home, a remodeled condo, a Miami penthouse for sale, off-market & investment opportunities, vacant land for development, bulk condo investments, or simply relocation assistance for your family or team, I’ll have it customized and ready for you – contact me here and let’s discuss your ideas and vision for South Florida residential real estate.
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