Sunny Isles Beach Real Estate in 2019

Sunny Isles Beach real estate

Sunny Isles Beach, Florida is a city located on a small barrier island bounded by the Atlantic Ocean on the East side, the Intracoastal Waterway on the West side, Golden Beach on the North and Bal Harbour on the South side. It offers about 2.5 miles of newly built most luxurious oceanfront condos with an average listing price of over a million dollars and ranging on the high end into tens of millions of dollars. Because of its ultra high-end condos, the city has earned several nick names such as ‘The Venice of America’, ‘The Florida’s Riviera’, ‘The Billionaire’s Row’ or ‘The Billionaire’s Beach’.

The concept of “condominium” living has been redefined by the new, brand-named condos offered in Sunny Isles Beach. These are more like private mansion in the skies, serving to the most discrete buyers looking for top amenities, private beaches, 5-star in-house dining, various sports and fun activities and spectacular views – the sunrise and the sunset as well as downtown Miami and the Intracoastal island life. Sunny Isles Beach also offers some of the most pristine single family homes located in an area called Golden Shores, which is situated directly across the street from the beach and offers easy access to major shopping in the area.

Sunny Isles Beach has always been thought of as a great investment community for many reasons – it offers top luxury condos situated directly on the beach, ample parks, warm tropical climate, warm Atlantic ocean waters, diverse culture, fine restaurants and great shopping are all within the short walking distance from your condo. The luxury condominiums turned Sunny Isles Beach into one of the most desirable places to own a home in the country, and you can ensure that Sunny Isles Beach real estate will continue to attract most sophisticated buyers in the world.

If you’re into activities, no matter what your sport of choice is, Sunny Isles Beach has it all – from various beach activities such as parasailing, jet skies, fishing, diving, boating or just sun-bathing – Sunny Isles Beach offers the best of all the worlds!

Although the luxury condo market, in most of the desirable areas such as Aventura, downtown Miami, Miami Beach, Key Biscayne, have experienced a slight drop in value in 2018, Sunny Isles Beach showed a 1 percent increase from the prior year. Year-over-year, the inventory marginally declined 2 percent from 1,541 listings to 1,510 homes for sale on the market.

Housing Marketing Predictions – 2019 – Sunny Isles Beach Florida

Since the area did see a drop in the past years, the area continues to grow which has led local governments to carefully examine and properly assess the real estate taxes and to get the correct outlook and forecasts on the future real estate market values in 2019. However, as of the beginning of 2019, the Miami-Dade continues to see decent gains in property values, mainly due to continued demand for single-family homes in the mid-range markets, where countywide, property values grew 3%.

The market has been very active during the last quarter of 2018 and into the beginning of 2019 which is a good indication for good things to happen in 2019. The higher-end properties however are still going to decline due to market correction in that segment. With the prices coming down 20 to 30 percent lower, the higher-end properties will become attractive again to investors and end users, so it will be a good time to buy again.

Sunny Isles Beach housing trends

The table below, taken from represents the real estate facts and average home values in Sunny Isles Beach.

Sunny Isles Beach Real Estate Facts

Total Homes for Sale: 1,617
Median Home Values Estimate: $405,800
Home Value Forecast: -1.9%

Average Home Values by City
Sunny Isles Beach – $405,800
Aventura – $342,900
Bal Harbour – $1,043,000
Bay Harbor Islands – $289,300
Golden Beach – $932,400

The median home values have risen from below $400,000 to $405,800 for the area. Although the home value forecast is still in negatives, with the new condos hitting the market in 2019, this for sure will change to a positive number by the end of 2019. With Sunny Isles Beach being not the most affordable, but surely not the highest priced in the area, next to Bal Harbour. It is expected that these prices are going to drop first before they start to rise again.

Sunny Isles Beach Insights 2018

According to the graph below courtesy of, Sunny Isles Beach is a very well-organized community that is dedicated to those that are living in the area. With the majority of those living in the area holding a degree, the area continues to be a favorite for those of all ages.

The housing market trends are also shown in the graph below provided by regarding Sunny Isles Beach condos and other properties for sale in the area. This provides more insight into the trends from the previous months leading up to this current month.

Sunny Isles Beach market report

According to the charts, the median sales price for homes in the area from October to Jan was $325,000 based on 97 different homes during that time. The price per square foot for the properties in the area was $321. This is a decrease of -5% compared to last year’s amounts. The decrease continued the trend to this year.

The median rent per month was around $4,000 between December and January, making it one of the bigger amounts in the area that is steadily going down in the cost per square foot to buy, while rent continues to be a large amount.

The trends continue to change with every passing month, making this something that continues to be talked about and investors continue to watch. With the prices falling low, the time to purchase real estate in the area is now. The prices per square feet are expected to rise again with the coming year according to numerous sources.

This additional chart shows the home values that are along the strip by the beach itself, providing further information and a graph that you can actually see the amounts side by side. This provides a good comparison for those looking to invest or purchase in the Sunny Isles Beach area.

Real Estate Appreciation

Neighborhoodscout took to tracking the Sunny Isles Beach real estate appreciation. This information was given to those that are looking to invest or purchase in the area and want to make an informed decision. According to the chart that they provide, Sunny Isles has many condos that have been performing above average.

The chart below, courtesy of shows us that the top producing neighborhoods in the area are Collins Ave, N Bay Road, Bayview Drive, City Center and Bal Harbour Blvd. These areas are not only seeing a lot of development, but a lot of changes for the future.

Sunny Isles Beach real estate trends

The number of homes and apartments in the area is over 10,000 with a median value over $600,000. The renting is at an all-time high, coming in at $2,500 for the available median values. With homes costing this low to purchase, yet renting being as high as it is, many investors are quickly purchasing the real estate below the current market value.

Purchasing it prior to having the assessments done on the buildings can help those investors that want to get a great deal, get one before the assessments bring the property value and taxes much higher.

The current market shows that more condos and apartments are provided in the area over single-family homes. This is making it easier for those moving to the area to rent a place prior to owning one, if they ever wish to in the area. Over 50% of these apartments and condos are in the two-bedroom range, providing a decent size for a large rent amount.

Reasons to Invest in Sunny Isles Beach

1. The Beach
This brings everyone and anyone around when it comes to investing in something. You will find renters from around the country, around the world, that choose to make Sunny Isles their home just for the simple fact that it is by the beach. Investors can charge more for ocean-front properties.

2. Limited Supply of Homes
There is currently not a lot to choose from for those that are moving to the area. Many of the rentals are already being rented and some of them might not suit the needs of the person. By investing in apartments or condos, you can have a prime rental that can easily be filled. There is unlikely to be any new building in the area in the coming years.

3. Strong International Market
Not just those from the area like to purchase real estate on Sunny Isles. Those from other countries like to purchase luxury vacation homes that they can use during the off-months. Providing a way for them to rent these during those months, and then provide rent for other months to other individuals opens up numerous options to the investor.

4. Massive Rental Population
Miami alone is a massive rental market, but when considering the amount of people that want beach homes, the rental population becomes even larger. Some are unable to pay high prices to purchase homes, so they rent for a specified amount of time. Those that are living in the area are used to the high rental prices and willing to pay for them in a nice condo or apartment.

5. The Job Market Continues to Grow
As more and more people continue to look for jobs throughout the Miami area, many will move to this area, as the job market continues to grow. According to Simply Hired, there are over 30,000 new jobs that need to be filled with close to 3,000 of them being posted recently. This means more people will move to the area to find work.

6. Strong ROI for Landlords
Those that are renting to anyone coming to the area are going to experience a strong ROI on the investment that they make. There is a high demand for properties by the beach and Sunny Isles Beach is one of the premier destinations. This means having a lavish condo or a high-end apartment in the area is going to go for a decent amount of rent in the area. Throw in extra amenities, a pool, large deck and a backyard ocean and those renting the properties out are hitting a strong ROI.

7. It is Easy to Be a Landlord in Florida
Many states throughout the US have strict rental laws that landlords have to abide by when renting to someone. Florida does not have the same laws. They are a landlord friendly market and they ensure that you have the control if rent is not paid on time, or when there is damage done to a property. It doesn’t matter who you’re renting too, they ensure that all violations are taken care of; making is less of a burden for landlords.

8. Most Tourists and Residents are Renters in Sunny Isles Beach
Those that are coming to the area will need a place to stay. Many look for rental properties to turn into their vacation homes, regularly renting them every year at the same time. Those residents that live in the area will rent for some time because the prices to purchase may be too high or they may not want to deal with the costs of purchasing a home. Plus, renting also comes with amenities and extras, providing them with a care-free way of life.

Investing in Sunny Isles Beach Real Estate in 2019

Investing in Sunny Isles Beach condos and other properties continue to be a great choice to make. Not only is the area active and flourishing, but the prices are currently at its lowest point since 2012, making it an ideal investment. Additionally, adding in the cost of renting and you are easily able to rent the condos that you purchase, making up the costs that you’ve spent on them ten-fold.

Sunny Isles Beach has always been an investment playground for buyers across the entire globe. Not only that, but according to The Real Deal, Sunny Isles Beach is Miami’s new billionaire playground, bringing in a much luxurious, lavish crowd that these condos and rentals can tap into.

The Definitive Guide To Real Estate Investing

sunny isles real estate prices

The housing prices keep increasing year after year, sometimes by just few percent, sometimes into double digits, but nevertheless, it always increases in some parts of the country, mainly in the big coastal cities such as San Francisco, New York, New Jersey, Los Angeles, Miami, Washington DC, etc. The growth may be due to low mortgage rates, high demand which causes tightening inventories and sometimes because of the growth and popularity of the city.

GoBankingRates recently published that Buffalo, New York gained over 34%.  Atlanta, Georgia is another example of an unprecedented growth – over 24.5% and Cincinnati, Ohio grew by over 20%.

The one thing is always true when it comes to US real estate – it will keep growing year after year, like it has done since the beginning of the history.

Some cities experience steady growth year after year, like San Francisco, California, others keep spiking up and down, like Manhattan, New York. Some will take you on a roller-coaster ride, like Miami, Florida. Nevertheless, the time to invest in US real estate is now and the market presents great opportunities.

pre-construction condos sunny isles beach

South Florida residents bought more condos than homes in October

Sunny Isles Condos For Sale

Home sales and median prices are on the rise in Miami-Dade, Broward, and Palm Beach counties this holiday season, marking the highest values this year. The Miami Association of Realtors claims that this strengthening demand for Miami real estate has been set off by steadily increasing interest rates, which led to October’s dramatic hike in residential closings. Accordingly, there was a 20 percent swell in condo sales: good news for real estate specialists with Miami condos for sale like Sunny Isles Condos and searching buyers alike.

Miami-Dade’s Residential Swell

A fourth month of back-to-back residential closings increases shows a 15 percent year-over-year growth to 2,284 during October. Total sales volume for the Miami-Dade area came in at $949 million.

Demand for Miami homes for sale saw an 8.1 percent jump to 1,073. This illustrates a median price hike of 1.9 percent to $350,000.

Even more notable is the 21.3 percent upsurge in condo sales up to 1,211, with an 8.7 percent increase of median price to $235,000.

Miami homes hold one of the longest on the market periods of 53 surveyed US metros, sitting vacant an average of 84 days, accordingly to a new report. However, the Miami Association of Realtors claims the median span between listing and contract for single-family homes fell 8.5 percent year-over-year to 43 days in October. An increase in demand has driven these surges and shows no sign of stopping.

Miami real estate price

Broward County Growth

Miami-Dade was not the only county to put up impressive results, reaching $918.5 million in October. Residential closing numbered nearly 2,800, up 15.1 percent year-over-year from last October.

The area saw a 10.1 percent increase to 1,322 single-family home sales. This was accompanied by a whopping 33 percent hike for sales between $400,000 and $600,000. The median closing roseby 6% up to $355,000.

Condos performed even better with a 20 percent increase in sales, up to 1,476. Nearly 30 percent of these fell between $200,000 and $400,000, increasing the median price by 1.3% up to $157,000.

Palm Beach Trends

Like Miami-Dade and Broward, Palm Beach County continued to show promising growth.

In Palm Beach, Single-family home sales showed an 15.6 percent increase over the previous October, reaching 1,458. Median prices rose to $347,250, a 6.8 percent increase, for single-family homes.

Condos faired similarly well, jumping up 19.2 percent year-over-year, mostly in the range of $50,000 to $250,000. This accounts for the continued upward trend in median price to $185,000 for condos, a 9.5 percent increase.

Biggest Retail Sales in October 2018

There were several large retail deals in Miami in October – the largest one was the sale of Downtown Dadeland, which was built in 2008 and renovated in 2015. The purchase was for ground floor which offer around 126,000 square feet of retail space at 7270 North Kendall Drive. The property is currently leased out at almost the maximum – 97%. It was sold to Midtown Capital Partners for $78.2 million. Pebb Capital and Duncan Hillsley Capital paid $39 million for the property in 2014. It was 50 percent leased at the time.

Another sizable deal was the purchase of a waterfront lot located at 18320 Collins Avenue in Sunny Isles Beach. Gil Dezer of Dezer Development paid $31.7M for an acre of land. Publix Super Markets sold the lot located on the Intracoastal Waterway. Dezer Development currently owns a lot immediately adjacent to this lot, which in sum total about 4.5 acres of land, which is a prime location for another condo project.

Florida Attracts Wall Street Hedge Fund Managers and More

Sunny Isles Beach real estate

Florida has a lot to offer those who are looking to invest in commercial properties or luxury oceanfront real estate. In addition to having some great beaches, a diverse economy, and wonderful cities such as Miami, those who invest will also find that it also has some favorable tax laws. With some of the recent tax changes that have come to New York and Connecticut, things are looking quite sunny for Wall Street players.

Tax Changes Brings a Change of Thought

The federal tax overhaul put caps on the amount of state and local deductions that individuals can take. Those who are in New York and Connecticut and who want to find ways of avoiding some of the financial fallout have fond that Florida could be a good option. In the past, many of those same individuals would simply write off their state and local taxes when they filed their federal returns. The change to the laws made it far more difficult for them. In fact, currently, they are only able to deduct a maximum of $10,000. This is simply not enough for the hedge fund managers and many of the other wealthy elite in the Northeast.

In Florida, there is no income tax, and the property taxes are low. Those in the Northeast always knew about this, but they had always been able to rely on simply increasing the deduction in the past. The property taxes in the Northeast are some of the highest in the United States. In addition, the cap includes properties in the Northeast. So, purchasing real estate there would not make as much financial sense as in Florida. Now, they are starting to take a renewed interest in the Sunshine State thanks to their taxes. There are some nice advantages to this.

Could NY Firms Be Moving Too?

While most of the attention is on buyers from New York and Connecticut buying and investing in property to help shelter their money and to make the best of the new tax situation in their own state, other changes could be coming, as well. In fact, the change in the taxes could cause some firms from the north to decide to take some of their operations south to Florida. Already, there have been an additional 14,700 jobs created in Florida in the financial sector over the course of the last year. During that same timeframe, Connecticut lost more than 500 jobs.

There are some companies and firms that are looking into moving to Florida very seriously. They have not made a full move yet, but some of the companies are starting out small with some satellite offices to see how things go. Florida could see a nice economic boom that is somewhat unexpected if these changes continue, and if more firms do decide to make the change to Florida.

The advantageous tax situation in Florida is not only helpful for hedge fund managers, of course. Anyone who is looking to buy property, whether it is purely for investment or for a new home will find that the tax situation in Florida can work out in their favor.

Real Estate News: What Happens When Supply Keeps Falling

Sunny Isles Condos for sale

July was a solid month for Miami real estate, where the median price slightly increased than a year ago. However, on the sales front, we have started seeing an improvement with the luxury properties and even a slight price increase. This pattern will hopefully propel our home sales which have been steadily going downward for the last four months.

Economists note that sales may have been down because of lower inventory. In fact, the last time there was any substantial increase regarding housing inventory was back when Donald Trump was a mere Republican candidate for president, one among a field of 11.

On a national level, homes for sale have dropped over 12%, which is the most substantial year-over-year decline since back in 2013. In January 2018, there was a 3.1-month supply of homes. Anything less than a six-month supply has not been seen since the beginning of 2012, which makes this rather significant.

West Coast Real Estate

West Coast markets have been the largest recipients of this low-inventory situation. San Jose’s metro area has seen the most significant inventory drop year-over-year. This has also led to the most significant price increase, as is expected. When it comes to the number of houses available on the market, there are less than half as many this October than there were a short year ago. This has pumped prices up over 19% with a median price falling at about $1.05 million. Despite the costs, the lack of inventory has led to homes finding a buyer very quickly, sometimes in just few weeks.

Homeowner Uncertainty

With the House of Representatives and Senate still hacking away at tax reform strategies through the month, many homeowners have chosen to step back from the market until more information is known. This is based on the potential for reduction of local and state property and income tax deductions, along with the possibility of changes to the mortgage interest deduction.

However, others have acknowledged that the implementation of these changes is unknown, so others have been open to buying despite the current uncertainty. Experts believe that once a tax bill goes through, it is likely that homebuyer demand will drop in high-tax states, especially where homes are more expensive. This likely would happen slowly over time.

Competitive Markets

Looking at metro areas, Seattle, Washington leads the pack when it comes to homes finding a buyer. In 2016, it took about 13 days, but in 2017 it is down to only 10. Other markets of note are San Jose with 12 median days on the market and Boston with 14 days. Oakland and San Francisco are just below those with houses on the market an average of 15 days.


For off-market homes, the median value was just over $250,000, which is up a little over half a percent from September. Much like 2017, just under half of the houses for sale been priced higher than estimates based on a home’s measured value and predictions about final sales price. This led to houses for sale at just a bit above expert forecasts after analysis.

Sunny Isles Beach Condos Supply

Sunny Isles Beach Real Estate

It is not surprising to anyone that South Florida offers most luxurious, as well as some of the most expensive condominium prices in the world. Because of this, it’s also not terribly astonishing that condo developers are happy to snatch up every last plot of land in order to develop more of these luxury dwellings. What has happened because of this is developers kept competing against one another to develop ever more and more expensive condos to attract even bigger buyers, even when they may have no assurance that buyers will kept on coming.

Sunny Isles Beach Neighborhood

It looks like that moment has come, when there are so many condos for sale that there’s simply no easy way to find a buyer for all of them. A study by real estate expert Leon Bell of Sunny Realty from earlier this year gives his own thoughts, largely warning that the Sunny Isles Beach area, located just north of Miami Beach and in the same place where you can find the Trump International Beach Resort, has thousands of condos up for sale.

In addition to Trump’s illustrious properties, other high-profile buildings exist in the area. Probably the most notable is the Porsche Design Tower, which was opened in May with a performance by musician Alicia Keys.

In fact, the sheer number of condos on the market is enough to satisfy the average that would be sold in two entire years. However, buildings are still being erected and with so much supply, it could lead to rapidly tanking prices in an area that isn’t set up for that sort of system.

Price Points for Condos

An average asking price for an oceanfront Sunny Isles Beach condo is right around $1.5 million. However, the time that it takes to sell that unit can be over 200 days, or 2/3 of a year. Leon Bell had analyzed only condos listed for sale in Sunny Isles Beach on the MLS (multiple listing system). This report doesn’t take into consideration almost 50,000 new pre-construction units that are being developed east of Interstate 95 in the South Florida area.

Looking Forward

It’s expected that by the year 2020, the Miami-Dade area will have a huge number of properties to sell and many of them will be listed for a long time. This strikes some as unsatisfying as those areas could have been used as more affordable housing, public parks, community centers, healthcare facilities, etc. However, this all comes down to local government and public planning.

It isn’t only Leon Bell who states things may be going slower for luxury condo sales. Jorge Perez, real estate mogul in Miami, has also stated he believes many developers have no idea of the area’s market and how it’s being over-saturated by homes that may be not easy to sell.

Miami’s legislators have largely ignored the situation and said there is no way to force developers to build more affordable housing. However, Leon Bell’s study shows that things are changing nowadays.

Leon Bell notes that a balanced market will typically have about a six months supply of properties, while Miami is far beyond that number. This can lead to an advantage for buyers, rather than sellers. It can also lead to price deterioration for luxury oceanfront condos.

Are Russians Buying U.S. Homes Once Again?

Trump Palace Sunny Isles

It seems that Russian buyers are turning their heads toward United States real estate, likely because of recent ruble fall and because they believe in Donald Trump! A surge in Russian inquiries has been registered by global real estate consultants when compared to a year ago. Reports show that requests have increased 35% compared to 2017 numbers.

New Interest in the U.S.

However, it is not just investment properties that are seeing a jump in Russian inquiries. It is also commercial real estate and even vacation homes. About 30% of Russian buyers seem to be interested in getting in on commercial real estate. Experts have noted that some customers are interested in buying property that stands as development property of Donald Trump. Many United States developers have noted being more than willing to cooperate with this horde of Russian investors.

Most of the inquiries noted by agencies working with Russian investors are in the budget range of $500,000 up to $5 million with New York City and Miami being the most significant hot-spots of attention by these investors.

A Reuters review has shown that 63 or more individuals with Russian addresses or passports have purchased at least $98.4 worth of property in Trump-branded towers in Southern Florida, according to various public interviews, corporate records, and documents. Buyers include politically connected former executives, businesses, bank founders, and more.

Many of the buyers seem to have done well in the United States. A local politician, Vadim Valeryevich Gataullin, bought a condo for $3.5 through VVG Real Estate Investments LLC. He later sold that apartment for $4.1 million. He then purchased a second apartment in the same building for $920,000 and sold it for $1.1 million down the line.

Past Russian Interest

Of course, this is not the first time that Russian investors have shown interested in development, vacation homes, and commercial real estate. Back in 2011, the most expensive apartment in Manhattan was purchased for $88 million by the daughter of tycoon Dmitry Rybolovlev, Ekaterina Rybolovlev. Dmitry Rybolovlev also bought an estate in Palm Beach, Florida for $85 million in 2008. It was purchased from none other than Donald Trump.

As of 2014, Russian purchases had jumped as far as international sales of United States property. However, those numbers dropped sharply following the United States sanctions on Moscow and its annexation of Crimea.

Russian Interest Abroad

In addition to interest in United States real estate, Russians also continue to be a considerable market for residential real estate in Europe. Many Russian oligarchs own homes in London, including Andrey Yakunin, Roman Abramovich, and Leonard Blavatnik. During 2013, more than £500 million was spent on London luxury houses.

However, declines in oil prices, instability in currency markets and global finance, and tensions between the EU and Russia have dropped the transactions occurring in the sector of real estate. The number of £5-10 million transactions have fallen by 50%. The potential prohibition of anonymous purchases of property may lead to even further sliding.

Miami Real Estate For Bitcoin?

Miami real estate for bitcoin

The cryptocurrency boom with dozens of digital currencies has exploded world-wide. Historians will call today’s cryptocurrency market the biggest BOOM ever. There are dozens of digital currencies and some have exploded as high as several thousand percent in just recent months! Even if you know nothing about cryptocurrencies, by now you’ve at least heard of it and wonder if you should invest in it. No wonder, just one cryptocurrency Bitcoin gained a lot of publicity after it turned many regular folks into millionaires, but there are Etherum, Sibcoin, Verge, Nexus, Litecoin, Bitcash, Digibyte, Stratis, Rubycoin, Monero, Decred, Ether, Golem, Gnosis and the list goes on. To make it even more confusing, each industry will likely have their own ctyptocurrency and specific platform it runs on. Enough to make you crazy, right?

The truth is, very few people understand it now, but those who understand are already making a fortune. Just Bitcoin alone had made a whopping 25,000 percent! Think about this – if you had bought $5 of Bitcoin 7 years ago, you would be $16.8 million richer today! But wait, there is more! Bitcoin had already reached $20,000 mark but the truth of the matter is, it’s just the beginning. It could reach $1 million by 2020. But how you may ask? Well, there are 15 million millionaires around the globe. It is likely that by 2020 most of their financial advisors will advise them to buy Bitcoin for some exposure. However, there’s only going to be 21 million Bitcoins minted ever in history. Do the math, even if they own 1 Bitcoin it is set to trade at very high numbers. In addition, Bitcoin could potentially replace all money transferring entities such as PayPal, Western Union, Moneygram etc., American Express, Visa, Master Card, etc. Some even talk about Bitcoin replacing all the currencies in the world!

What is Bitcoin? Bitcoin operates through a technology known as blockchain, which is an undeniably ingenious invention of our time – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. It allows digital information to be distributed but not copied, thus blockchain technology created the backbone of a new type of internet. It was originally devised for the digital currency Bitcoin, but today it finds other potential uses for this technology, such as real estate blockchain. This technology uses a completely decentralized system, where a global network of computers uses blockchain technology to jointly manage the database that records Bitcoin transactions. Bitcoin is managed by its network, and not by any one central authority, so there is no Bitcoin headquarters, not even a Bitcoin server!

But how is it going to affect the Miami real estate market you will ask. Well, it’s already happening. Earlier this month a condo hit the market accepting only Bitcoin. Previously a Venezuelan family has accepted a Bitcoin for a four-bedroom condo in Key Biscayne and another high-end property was purchased by a Bitcoin investor in Miami Beach. The benefit with this type of transaction is there is no need to rely on an intermediary – a bank, which makes it very cumbersome for foreign buyers to transfer money between accounts, open new accounts in a local bank and wire the money between accounts. Buying real estate using cryptocurrecy is easy and allows buyers to not disclose their sources of wealth and not having to transfer the money back-and-forth between accounts.

Cryptocurrency is not bound by interest rates, exchange rates, or other inflationary charges of any nation. It can be used internationally to avoide a lot of international regulations, without experiencing any troubles and in a very quick and safe manner. This saves lots of money and time spent by investors.

For more information on how to buy Miami real estate with bitcoin please contact Sunny Realty office at (305) 998-9922.

How To Use Your Sunny Isles Beach, Miami Investment Property

Sunny Isles Condos Investments

Buying real estate in Sunny Isles Beach, Miami has been a popular option for many investors over the course of the last several years. Investors love the area because more and more people are coming to Sunny Isles Beach, Miami to live and to vacation. Having investment properties in the area makes a lot of sense, if you know what you are doing when you are buying.

Be Careful Where You Buy

When you are buying an investment property, you need to do a bit of research. Some areas in Miami are not zoned for rental properties and vacation properties, which means you won’t be able to rent out your unit. If you do, you will be subject to some large fines. These fines have gotten bigger this year – as much as $20,000 for the first offense. Therefore, you need to be very careful when you buy and make sure you are choosing a property in an area that will allow for rentals. Be sure to understand what type of rentals are allowed as well – short-term, long-term, or both. If you are uncertain, you can speak with your Sunny Isles real estate agent, who can help you find a property that will work for your investment needs.

Investment Property Options

When it comes to using your investment property, you have two basic options. You could opt for short-term rentals, which are ideal for renting out to vacationers who will be in the area for a week or two at most. You could also choose to rent to tenants who are looking for a longer-term solution. Some might be looking for a place to stay while they are working in the area for a few weeks or a few months. Others might be looking for a rental where they can raise their family.

You will want to think about the best way to rent out your property to receive the maximum benefit. If you have property that’s right on the beach, for example, having a vacation rental property tends to make the most sense. If you buy a single family home in the suburbs, it might work better as a long-term rental.

Full-Time Property

Of course, you might find that you don’t necessarily want to use the unit you buy as an investment property. Instead, you might find that it makes a good option as a place where you and the family can live full-time. Whether you are retired or you are still raising a family, Miami can be a great place to call home for the same reasons people love to vacation there – great weather, always close to the beach, great shopping, and always something interesting to see and do. If you don’t want to live in the area full-time, you could always use the property as a vacation home for you, your family, and your friends.

You can find some great possibilities when it comes to your property in Florida. Miami is a great state that is going to be popular for many years to come, so take advantage of that popularity now.

Luxury Amenities Growing in Sunny Isles Beach

Sunny Isles Condos

In the past, Sunny Isles Beach was a good vacation destination. It was a strip of beach filled with bright and colorful motels and families coming from all around the country to enjoy the beach and the ocean. As time wore on though, the motels fell out of use. People still loved the beach, but they wanted something new. Architects and builders saw the potential in the area and they helped to create the Sunny Isles Beach that we know and love today.

As the building boom started, more and more saw Sunny Isles Beach as the perfect area to start building. This was especially true after Miami Beach started to get crowded. Once the building started in Sunny Isles Beach, the price per square foot started to rise. In fact, over the course of the last four years or so, it has risen by about 55% and it’s still going strong.

Today, it is a place for the wealthy, for those who are making more than $200,000 a year and who like the idea of living in true luxury. When you start to look at the various options available, you will find that the buildings today have more amenities than ever before, and they are starting to become just as important as the residence spaces.

More Luxury Amenities for You

Many of the condo complexes that have been built and that have been remodeled in recent years have put much more of an emphasis on the idea of luxury amenities. Turnberry Ocean Club residences is a good example. They removed residences from floors 30 through 32 and provides amenities that encompass several levels and more than 72,000 square feet. The Sky Club includes an infinity edge swimming pool, spas, fitness centers indoors and outdoors, treatment rooms, a lounge, and even a treatment room for the pets.

Turnberry Ocean Club

Some of the other features added to buildings in the Sunny Isles Beach area include game rooms, playrooms, stock trading lounges, board rooms, and meeting rooms. Residents of the aforementioned building will also have access to the Turnberry Isle Resort and Golf Club, which has restaurants, a marina, golf facilities, tennis facilities, and more.

Porsche Design Tower is adding more space for amenities as well. They are adding a restaurant, a bar and lounge, a fitness room, ballroom, and more. Armani/Casa and plenty of other buildings in the area are putting a greater emphasis on the luxury amenities as well.

Why Is Luxury So Important?

When people are buying properties in Sunny Isles Beach, they are looking for more than just a place to call home. While they certainly want a nice place to live with plenty of features in the unit, they also want a building that’s truly special. This means they need to have the right luxury amenities. Why would they choose a building that doesn’t have these features when they could live in a building that can cater to their every desire? You will start to see more of these luxury features added, even if it means including fewer residences in the building.