Since the pandemic, prices in Miami have moved in one direction: practically vertical. Fueled by a booming luxury market, prices in Miami have risen by almost 50% in real terms since the end of 2019.
Ana Teresa Rodriguez states, 'Single-family waterfront properties are something that you cannot duplicate. Whether it's a canal, a bay or the ocean, if it's on the water, it's a win.'
Rodriguez points out, 'For upside, or just weathering a financial storm, buying in slightly off-the-radar areas like Bay Point, Miami Shores and the Old Cutler Bay section of Coral Gables is a smart strategy.'
In a demonstration of luxury market strength, notable purchases include Jeff Bezos at Indian Creek and David Beckham's $80 million waterfront mansion on Miami Beach. 'They know where to put their money,' says Rodriguez.
#miami-real-estate #luxury-market #investment-opportunities #waterfront-properties #real-estate-bubble
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