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Beach homes are some of the hottest properties on the market today. Moreover, Miami and the surrounding areas like Sunny Isles are also seen as top-notch investment opportunities.
Any beach home within the vicinity of Miami will definitely be an excellent investment. However, there is something a bit more special about Sunny Isle Beach.
Sunny Isle beach is quickly becoming one the most sought after area’s for properties, not just in the United States, but the entire world.
Would buying a condo in Sunny Isles be a smart investment? One of the best things that have happened to Sunny Isles Beach is that it has turned into a tourist destination.
Even though according to statistics, Miami Beach still holds the largest slice of the pie. In terms of tourism, visitors to Sunny Isle’s beaches are increasing in numbers.
There are a couple of reasons behind this increase, but some of the best is reputation. One of the top traveler’s websites, Travel Advisors, proclaimed that Sunny Isles was voted as the top tourist destination. Naturally, this news has intrigued quite a number of travelers, thus increasing the tourist count.
Another reason is the quality of accommodations in Sunny Beach. The beach has some of the finest resorts and condos for rent in Florida.
Additionally, Sunny Isles is in close proximity to Miami’s fabulous attractions, such as the Miami Zoo, Dezer Collection Car Museum, the Adrienne Arsht Center and much more.
Sunny Isles has a population of just 22,000 residents with Caucasians and White Hispanics taking the majority.
In terms of education, Sunny Isles has three elementary schools: Ojus, Highland Oaks, and Norman S. Edelcup. They also have four middle and high schools and a K-8 center.
One of the main attractions of Sunny Isles Beach is the Annual Jazz Fest Main Event. Last year’s event was held at the Heritage Park featuring Michael Lington, the world renowned saxophonist.
So, if you ever do decide to invest in a condo in Sunny Isles, know that a vibrant community is waiting for you.
The prices for properties in Sunny Isle Beach have been increasing steadily the past couple of years. Early last year, the median price for properties spiked to a high of just of $600,000. This year, the median has gone down by almost 40%, experts believe that there will be another increase coming in the future.
Although median sales for properties in Sunny Isle beach have gone down by quite a large margin, the story with condos is slightly different.
If you intend to invest in Sunny Isle condos, you’ll need to keep in mind that one of the reasons why the beach has become a premier tourist attraction is because of its luxury status.
Therefore, you’ll need to expect that most, if not all, of the condos being developed there at the moment, are being built with a single purpose. The purpose of which is to deliver luxury.
With this in mind, it should come as no surprise that the price of condos in Sunny Isle is somewhere on the higher end of the spectrum.
With exciting properties almost at full occupancy like Regalia and Porsche Design Tower, it is no wonder that not only international millionaires are flocking here but also the world’s Billionaires are looking out for properties in the sky.
Most condos have a minimum price of over a million and there are only a couple that offer units below that amount.
With such prices in mind, you have got to be concerned about your investment. If you base your decision on tourism trends, it definitely looks as if the trend is going up. The more tourists, the lesser the chances that your condo will be vacant. In fact, you could even take advantage of high tourist arrivals and raise your monthly rent a bit.
Is Sunny Isle Beach a worthy investment? With everything about Sunny Isles Beach moving in a positive direction, it certainly seems that Sunny Isles condos can be a great investment opportunity. However, whenever investing in property, you should always identify any risks involved. Consulting a trusted real estate advisor like Dan Maza at Miami Real Estate Trends is a safe move before diving into anything which does not suit your real estate risk profile.