South Beach condos

South Beach, nicknamed SoBe, is a neighbourhood in the city of Miami Beach – itself a part of the larger city and metropolitan area of Miami. It is well known as being an extremely affluent area of the world and has a reputation as a ‘playboy’s paradise’. Miami homes, especially South Beach condos, are thus in high demand. In this article, I will give a guide to South Beach condos.

Location and history

Location of South Beach
Miami Beach lies on one main strip of Island (‘main barrier island’) and the surrounding small islands, just over a mile to the East of downtown Miami in South-Eastern Florida. The strip it lies on is widest at Miami Beach but reaches up the coast for around 70 miles. South Beach encompasses approximately the Southernmost 23 blocks of the main barrier island of Miami Beach. History of South Beach
South Beach was the first area of what is now known as Miami Beach to be developed. Development started in the 1910s due to development efforts of American entrepreneur Carl G. Fisher, farmer turned land developer and John S. Collins and the Lummus Brothers, after whom the district and park are named. Building the bridges
Development in Miami real estate was boosted by the building of the first bridge between the mainland and Miami Beach (there are now about five bridges). Disaster struck with the 1926 hurricane, but South Beach recovered to develop a booming regional economy and thriving tourist economy, both of which are evident today.

South Beach property

Miami condos to buy Much of the property available in South Beach takes the form of South Beach condos (condominiums). These are typically modern South Beach apartments located right on beach with great sea views. However, due their stylishness and prime location, this beach property does not come cheap. Indeed, on part of the Eastern shore, there is a neighbourhood called ‘Millionaires Row’. Even the cheapest Miami Beach properties on popular website Miamibeachcondocenter are as much as $540,000 (£329,600). Prices go to up into the tens of millions. N.B: prices are correct as of 02.06.11. Miami rentals and investments For this reason, it may be a better idea to rent Miami condos as this can be done relatively cheaply from around $1,000 (£610) a month ( prices as of 02.06.11). What many people do, especially those in real estate, is buy up Miami luxury homes, rent them out for much of the year and holiday in them when they want. This is a great way of earning while having the luxury of a second home.