A Guide to Buying Miami Waterfront Homes
If you move to Miami, then you probably will be joining the high-life class of elites. You stand a chance to enjoy the pomp and colour that the luxurious city brings. The listings in this beach city are quite attractive and gorgeous. However, some are fairly expensive, but this does not mean that you can’t find great options at extremely affordable prices on opulent Miami waterfront homes for sale. It was possible due to the price reduction by sellers on property that was going at between $1 M to $ 5M. This trend is expected to even supersede last years’ by far, straight through 2019.
The Luxurious Fisher Island Waterfront Homes for Sale
Miami is a city with limited availability of land close to the water. This case thus puts Miami waterfront homes in the top competitive position for sale in the market. For this reason, Miami holds the fourth position as the most valuable market for housing in the country. Furthermore, the most sought-after waterfront homes in the city lie in the highly expensive location, Fisher Island.
Reports have indicated that the minimum value for a waterfront home on Fisher Island is $3M. From the past year, the average cost of property in the region has increased to 1.2 percent. This increase can even shoot to 1.5 percent according to forecasts. Now if you are looking for waterfront homes for sale in Miami’s Fisher Island, chances are you can part with $500,000 to over an eight-figure sum.
Consider Miami Palm Island or North Bay Road Homes
The Palm Island Miami Beach stands out as another great location hosting luxurious waterfront homes. Sources reveal that this island promises about 163.7 homes foreclosed in few years time. This foreclosure is a likely factor in lowering down property prices. If you are a potential buyer, with eyes set on the Palm Island Miami Beach waterfront homes, then you are likely to get a bargain. Waterfront homes for sale Miami situated along the North Bay Road should be your third location to focus your interest. You are likely to find gorgeous prices of as little as $1.2M which stretches towards $30M for homes closer to waterfronts.
Finally, it is important to notice that prices for waterfront homes and Commercial buildings for sale Miami are steadily rising. You can expect the utmost best, whether you are looking forward to purchasing waterfront homes in any of the locations as mentioned above. The prices of these properties reflect the quality of the houses. Feel free to move around as there are other great locations in Miami where you can find waterfront homes to buy.
For more information, please contact OWN, the leading International Brokerage and Liaison in the United States. OWN Realty | 305.995.8201 | info@ownrealty.com or visitwww.ownrealty.com