Downtown Dadeland has remained a bright spot in the Condo Market in Miami-Dade County. This sub-market has continued to sell and attract buyers from the local market as well as the Northeast and South America. New owners and tenants alike are attracted to the convenience of the location. Miami's MetroRail, Dadeland Mall, restaurants, and nightlife are all within a short walk of Dadeland's many new condo residences.
Dadeland has long been an international destination for shopping. In addition to the Mall, which is consistently ranked among the nations top shopping malls, there are the new retailers at the Downtown Dadeland Condominium and Dadeland Station. Many of these stores boast the top position in their respective chains.
So what about all the condos?
I am going to give a snap shot of the three major residential communities at Dadeland. This is something I will update from time to time. The number of residents at Dadeland increases by the day. Numerous units close every week. Owners are moving in and investors are leasing as quickly as we can market the units for rent.
Take a look at some numbers below.
Downtown Dadeland: This development carries the name that has been used to describe the entire neighborhood. Buyers are still closing with the Developer. Downtown Dadeland coined the "Live, Work, Play" motto that fits the Urban Dadeland Lifestyle
Total units: 416
Units for resale: 13
Resale units sold: 3
Units for lease: 13
Units leased: 16
Toscano: This high rise development offers great bay views from the high floors and features a ½ acre pool deck, state of the art fitness center and clubroom. Buyers are still closing with the Developer.
Total units: 396
Units for resale: 10
Resale units sold: 4
Units for lease: 4
Units leased: 11
Metropolis: This twin tower development was the first to finish closings. It has the highest resale activity to date at Dadeland.
Total Units: 397
Units for resale: 56
Resale units sold: 23
Units for lease: 17
Units leased: 122 !!! (Metropolis appealed to investors back in the condomania days.....)
Overall resale activity and rentals remain strong at Dadeland and I believe this sub-market will outpace the rest of the county for the foreseeable future.....
I'll keep you posted.