What makes an average neighborhood an irresistible neighborhood? Is it the townsfolk who inhabit it? Or could it be the atmosphere and location and the important shops, schools and attractions next door? It’s safe to say that all of these things play a key role in attracting buyers and investors.
Hamilton Heights in New York, Dallas, Charleston, Massachusetts, these are all neighborhoods name checked in a prominent publication considered to be some of the most lucrative in the country for their individual city developments, the overall neighborly allure and premium property values.
Another one of those is Miami Beach, singled out not only for its thriving luxury condo and single family home market, but also its increased property values that have soared since the early 1990s and today cater almost exclusively to the affluent who can afford one of the beachfront condos there like ICON and the Setai. In fact, property values in the city range for just over a staggering $1.5 million, a truly impressive figure.
If you take into account the high values and the record low prices that can currently be found in some of the most popular Miami Beach condos near the ocean, the city’s status as one of the country’s most lucrative seems entirely justified. The tropical ambiance is second to none, Miami‘s arguable best of attractions are located here and it’s still one of the most widely diverse neighborhoods in all of South Florida.
While Miami Beach and the neighboring areas have, according to the publication, reached their peak values, the condos and homes still remain one of your best bets if you’re looking to sell or invest or yes, even buy. Probably nowhere else in South Florida will you be able to determine a princely asking price and actually find someone potentially willing to meet it.