I am very pleased to share a story which I was interviewed for by Miami Herald. It was printed in today’s Miami Herald Business Monday section. It tells the story on Sunny Isles, it’s diminishing Russian population and growing Brazilian presence. You can also view the text of the story further down or read it online here:http://www.miamiherald.com/news/business/biz-monday/article5702085.html
In the 1990s, J. Milton & Associates established the first exclusive waterfront residential developments in Sunny Isles. By the early 2000s, a real estate boom took over Sunny Isles and continues giving rise to some of the hottest oceanfront luxurious high-rise condominiums and hotels such as Jade Signature, Muse Sunny Isles, Turnberry Ocean Club, Porsche Tower and many more. This accessible 2.5-mile piece of land attracted visionaries such as Gil and Michael Dezer, Turnberry Associates, Jorge Pérez and Donald Trump, who revamped the motel row neighborhood on Collins Avenue to welcome the strongest and most extravagant power buyers to an ever-changing millionaire’s row.
Developers recognized the up-and-coming community as a secluded yet centric zone that would attract international seasonal and year-round residents. The jet-set strip would easily allure Europeans, Russians and South Americans who wished to be surrounded by Golden Beach residences, Bal Harbour shops, three international airports and mostly importantly — white sandy beaches. For the past five years, Sunny Isles has transformed into an elite location, which surrounds itself with fine restaurants, upscale shops and quality family lifestyle. In 2014 alone, 15 new residential developments, two city parks and a school with grades kindergarten through eight have been proposed.
Learn More About the International Community's Influence on Sunny Isles Real Estate
Check out my recent blog to learn more about this growing trend and to discover how it might impact your efforts as a home buyer or home seller on the local housing market.
And for all of your South Florida real estate needs, please make sure to contact us at Sotheby's International Realty. We would be more than happy to assist you by answering any questions you might have as well as providing you with valuable resources.
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