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Miami beach front real estate is some of the most valuable in the country. The market remains competitive even as home sales and values decline nationwide. Buyers are still attracted to the Miami area and the Miami lifestyle even in a slumping economy. For those in search of property, condominium living provides an ideal combination of value, convenience and security not always afforded to those buying single-family homes. Condos, based on price per square foot and location are generally more affordable than houses.
The relatively affordable price of a condo is an appealing feature to home buyers in the Miami real estate market. Those located beachfront are particularly advantageous in terms of value and security. Beachfront houses can be prohibitively expensive for the average buyer.
Condos built on the beach enable a greater number of properties in a designated space by towering above the landscape, offering spectacular views of the city and water. The number of condos on the market as opposed to single-family separate homes ensures that prices will be more reasonable and competitive.
When living in a condo, landscape and building maintenance are the responsibility of a property management company. There is usually a home owners association that assesses monthly or annual fees for building and common area maintenance.
As Miami is an area prone to intense tropical storms and hurricane winds, building maintenance can be a considerable expense. While most condos are built to withstand the most violent conditions Florida’s climate has to offer, the peace of mind in knowing that should storm related repairs be required, the property management company will deal with those repairs and associated costs. Additionally, any green areas around the condo would be kept by the association’s contracted landscaping crew. Residents of a condo are able to enjoy the beauty of the garden areas without dealing with the yard work.
Condo living is an ideal complement to the energy and excitement of the traditional Miami life style. Being able to live beachfront in a secured building enables the resident to come and go for nightlife, dinners out and entertainment without concerns about the security of their residence. Many purchase condos in Miami as a retreat or vacation home knowing that their property is safe in their absence. Adding to the allure of safety is the unavoidable beauty of Miami’s landscape. Beachfront condos afford views to their residences that are not available in single-family homes at the same price point.
Miami’s real estate market is affected by the national market, but to a lesser extent than other areas lacking such destination appeal. Condos are still being constructed in the Miami area, which provides a reasonable pricing strategy for the companies involved. House hunters can benefit from the ongoing construction in terms of value, while owning a property that will always have value as an investment, despite the ebbs and flows of the housing market. Beachfront space is not unlimited, and the ability to build up rather than out has produced magnificent condo buildings with units that boast impeccable amenities and views.
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