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    Miami Beach Real Estate Market: 2006 Setting
    by Earl Juanico


    Miami Beach, Florida has metamorphosed into a rich community that features diversity in arts, entertainment, culture and sports. For tourists and visitors alike, Miami Beach serves as a haven away from the hostile real world. For residents, Miami Beach is a community that presents enormous business opportunities. Weather over Miami Beach is continuously sunny the whole year round. The sun shines over Miami Beach over a period of time that is longer than on any other American city. Air temperatures rarely drop below 60 degrees Fahrenheit and normally reach a maximum of 90 degrees Fahrenheit, especially during the summer season.

    For those who want to invest in Miami Beach commercial real estate, there is a wide array of selections from income generating condominiums, hotels, restaurants, warehouses, retail properties, as well as lots for sale. The most popular ones in the Miami Beach real estate market as of the moment are condominiums, lofts, houses, and most notably new pre-construction developments. Whatever property it is that one is interested in, real estate in Miami Beach at present approximately ranges from around $75,000 to over $15 million.

    The present conditions of the Miami Beach real estate market make homes quite pricey properties to buy. Home prices range between $200,000 and $40 million. A single-story home with two bedrooms and two bathrooms is typically priced at $399,000. On the other hand, luxury style homes are priced for at least $1 million. The more enticing aspect about beach front homes is that additional units are now being situated right on the border of the beach, which provides better access to the clear blue water as well as an opportunity to dock yachts or jet skis. A beach front home priced at $27 million typically includes seven bedrooms and a little over ten bathrooms. It also provides a kitchen, dining area, living room with a fireplace, outdoor swimming pool, hot tub and a garage with a four-car capacity. The home interior is a lavishly spacious with the high ceilings, and designed with column-like hallways that fit for royalty.

    Miami Beach also offers many condominium buildings to reside in. Prices of condo units normally range between $3,000 and $30 million. An affordable condominium starting at $3,500 provides two bedrooms and two bathrooms. Amenities like a swimming pool, gym area, a two-car garage and an ocean view are usually part of the package. On the other hand, luxury-type condominiums priced in the millions are situated in high-rise buildings, which give the most amazing view of the ocean. Most condos are located right on the beach front. A $10 million condo unit for instance, includes five bedrooms and six bathrooms.

    Real estate, in general, is a tricky area. While deciding to invest in a Miami Beach real estate property, one is likely to be overwhelmed by the vast number of options available, which might not lead to a sound investing decision. For those who would like to make Miami Beach a new place of abode, consulting a Miami Beach real estate agent is a beneficial suggestion. Local realtors in Miami Beach, along with their expertise of the Miami Beach real estate market, can help find the home that best fits whatever preferences one has over choosing a home to purchase. While selecting that perfect Miami Beach real estate property, one must take time and a little effort in researching the ins and outs of various real estate agents and services being offered. It is also advisable to talk to some friends that might help you find the best agents who have credible history.

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