Mediterranean homes constitute a significant portion of Miami's real estate market, showcasing the city's unique architectural identity. Comprising 9.2% of listings, these homes are favored for their elegance and spaciousness, catering to luxury buyers seeking an upscale lifestyle. While prices remain high and sales slow, the Mediterranean style persists as a strong investment option, having appreciated considerably over recent years. Despite facing flat prices lately, these homes offer a blend of classical design and modern amenities, making them desirable for both living and entertaining.
"By far the most popular style in Naples, Mediterranean-style homes attract luxury buyers who want that international resort lifestyle year-round," said Maggie Ives.
Mediterranean homes are instantly recognizable with their stucco exteriors, red-tile roofs, wrought-iron balconies, and archways.
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