Miami Beach is one of the most desirable locations in the greater Miami area, offering its 10 million visitors a year great beach and water lifestyle, as well as vibrant nightlife, a few minutes from downtown Miami and less than half an hour from Miami International Airport.
We are constantly on the lookout for excellent investments for our readers, and occasionally like to highlight exceptional properties that we believe would be a wonderful lifestyle and financial investment. Recently our team member in Miami alerted us to this unique condo development and we went to visit to assess its potential. We believe due to its location, sensitive development, high spec interior, and classic Art Deco charm, this is truly an exceptional investment opportunity.
Watch Lee’s video below to see take a look at the condo, neighborhood and characteristics which make it so special.
This brand-new development of renovated one-bedroom flats is in a great section of South Beach. With an enviable position, and slick interior detailing, this is a highly desirable Miami Beach condo for sale, offering a great investment opportunity. Comfortably sleeping four people, the finish on these flats is really excellent.
Priced around £275,000 (depending on floor plan) it is a comfortable price point both for someone looking for a personal pied-à-terre or an investment property. Residential properties that allow weekly rentals offer the highest potential return compared to monthly or annual rentals, and this is an excellent place to buy to let weekly.
An excellent location minutes from the beach
Nearly 10 million people visit Miami Beach every year, it is the number two gateway in the United States for international travelers and is in the top three destinations searched by international buyers on Realtor.com.
In this location, you are close to the three biggest attractions on South Beach, a 10-minute walk to South Beach itself, a five-minute walk to restaurants and coffee shops, and a 20-minute walk to Lincoln Road – one of Miami’s premier shopping destinations.
Miami Beach is the most popular place to stay in Miami and outnumbers the next closest area by more than double. It’s these numbers that show both the popularity and investment potential of this location.
What Could I Be Making with This Property?
One potential scenario would be using the property 15 to 20 weeks a year yourself while renting it out the other 30-25 weeks per year. Rented by the week like this it may be possible to achieve an estimated annual return of about £27,000, which is around 8%.
