Interesting New Developments On The Market For South Beach Luxury Condos
Friday, July 27 2012 @ 07:15 PM MSK
Property buyers within Miami usually know how valuable South Beach luxury condos are when it comes down to the subject of investments, which is exactly why several developers are proposing new condo developments for one of the most successful real estate markets within the region today.
According to recent reports, South Beach is among the top places in Miami that will most likely be seeing new developments in the upcoming months. In fact, out of the 50 projected developments that are currently being negotiated within the region, two will be located in the heart of South Beach itself.
A Paradigm Shift in the Real Estate Industry
From early 2000 up to 2007, regardless of how amazing South Beach luxury condos are for its price, Miami has never been considered a great real estate option due to the abundance of residential and commercial properties.
Five years later, Miamiís real estate inventory is close to running dry if new projects and developments fail to take place. Now, we are seeing waves and waves of new developers and investors from every corner of the globe trying to get a piece of the opportunity pie. If you are a fan of success stories, Miami is one of your best bets as far as finding sources of inspiration.
The Two Upcoming South Beach Luxury Condo Projects
Letís face it. South Beach in Florida is one of the nicest neighborhoods you can choose from in the entire Miami region because of its amazing location, wonderful amenities, and easy access to all major parts of the city. The greater majority of buyers always make it a priority to check available properties in South Beach, but due to the availability of properties, most buyers are forced to look elsewhere.
Thankfully, this issue will soon be resolved. If you are still looking for a property in the neighborhood, you will find it to be good news to know that there are new South Beach luxury condos which are soon to be developed. Residential condos have been largely successful in a building setting and the two upcoming condo towers for South Beach will be ready to accommodate hundreds of potential buyers as soon as they become available.
According to sources, the new condo towers will be located on Ocean Drive where both of these towers are expected to rise up to more than seven stories in height.
One of these new development projects named 321 Ocean Drive is reported to have two towers ó a nine story building and a seven story building. The total number of units available is projected to be 30 luxurious units. According to the developers, everything is going as planned.
At this point in time, it is more than safe to say that these new developments for South Beach luxury condos will take things to a whole new playing field. If you would like to find out more details regarding these developments, or if you would like to find out about the other available options within the neighborhood, you should contact a real estate agent for more information.