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The Miami and Miami Beach Real
Estate Market
Throughout the past decade, Miami Beach has emerged as one
of the most vibrant cities, and real estate markets, in the
country. People from across the world have descended upon
the community and driven an unprecedented revitalization
of this long neglected tropical jewel. That force has carried
across Biscayne Bay to Miami's own careworn downtown area,
up Biscayne Boulevard, and throughout its historic Upper
Eastside neighborhoods. The recent addition of the American
Airlines Arena, and the current construction of Miami's own
ultra-modern $300 million Performing
Arts Center in the heart of the downtown district
have combined to spark an explosion in Miami's real estate
market. Presently in Miami's bay front corridor, stretching
from SW 15th Road (Brickell) to NE 36th Street (Edgewater),
there are approximately 17,000 new luxury high-rise and loft
style condominiums under construction or awaiting permits.
That momentum is overflowing into the adjacent Miami neighborhoods
of Parkwest, Wynwood, and Overtown.
The City of Miami has committed to ensure the success of
this development surge. Out of date zoning codes are being
completely revamped and a citywide development plan, overseen
by the Miami DDA (Downtown
Development Authority), is being implemented that
officials vow "will balance new development with revitalization
and preservation of the neighborhoods". These development
districts are united under the Biscayne Boulevard Special
Area Plan to provide continuity between the Parkwest/Overtown "entertainment
district", Bicentennial Park, the American
Airlines Arena, the Performing Arts Center,
and Bayfront Park. Working with renowned urban design firm
and city planners, Dover,
Kohl & Partners, the future of these specially
designated development districts is shining strongly (click
below to go directly to some of the proposed design plans).
Miami City commissioner Johnny Winton is quoted as saying, "I
think we're in the midst of the most significant redevelopment
boom in the history of the city. We could end up with one
of the absolutely best cities anyone would want to live in,
work in, or play in."
Miami-MiamiBeach.com has put together a comprehensive overview
of this dynamic market including the sister cities of North
Bay Village, El Portal, Miami Shores, Biscayne Park, and
Fisher Island. We will soon be expanding this detailed overview
to include the communities of Coconut Grove, Key Biscayne,
Bay Harbor Island, Bal Harbour, and Surfside.
Check Back Often!
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(click to download)