Miami neighborhoods with three dot icon represent @lipstickandpropertyalue specialty areas, Three B’s: The Beaches (South, Mid and North), Brickell and Biscayne Corridor (Downtown, Edgewater and Midtown).
To briefly differentiate:
Miami has some of the most coveted and accessible beaches, year-round outdoor activities, and renowned night life and experiential events to #livewhereyouvacation. Art Basel Miami Beach in December is world-class as are other marquee events such as the South Beach Wine and Food Festival and performances at the New World Symphony. As the Beaches are an island, there’s not a lot left to develop and property is at a premium for either oceanfront or bayside. More affordable units are older, on lower floors, city facing, or lowrise buildings with no amenities or assigned parking, decal only. New development units are top dollar. 1 Hotel & Homes is an oceanfront 'haute' spot.
The #brickellliving experience is space use of unit, throughout building, walkable to entertainment, plus no car conveniences. The neighborhood's condos offer more newness, living area, and amenities vs. the Beaches. Brickell Financial District real estate is popular for investment cash flow from the high rate of residential rentals not only long-term, annual lease locals, but also short-term vacation goers given close proximity to airport. Brickell’s biggest year yet was 2016 topped off by the opening of Brickell City Centre with prime residential condos Reach and Rise towers, Class A offices, and premium retail including Saks Fifth Avenue; it is now the heart of Brickell, Downtown Miami affording unparalleled live-work-play.
New hallmarks of entertainment extend beyond the Beaches to #downtownmiami with the Adrienne Arsht Center in the Arts & Entertainment District, Pérez Art Museum Miami in Museum Park along Biscayne Bay, Brightline express train to Orlando, many galleries in Wynwood Arts District, the curated shopping mecca and cultural scene of the Design District, and the Miami Open for tennis in Key Biscayne. Biscayne Corridor offers a slight suburban feel as its less dense compared to just south Brickell and less recreational and tourist inhabited than the Beaches. PARAMOUNT Miami Worldcenter when completed in 2018 will revolutionize the area.
For 2017 and beyond, there will be growth in the urban core with both buyers and renters recognizing the value on mainland in Brickell and Biscayne versus the Beaches. There is also a shift with growth in end users as relocators from cold climate cities is increasing as well as absentee/investor owners weekending in higher frequency.