SoFi is the popular name for the famous South of Fifth Street in Miami. It is an exclusive and affluent region in South Beach that ranges from Fifth Street to South Pointe Park. The neighborhood is surrounded by water on three sides and is an extremely tranquil and serene oasis, which offers ready access to many activities on South Beach.
The street was once considered a dead zone for visitors and tourists, but nowadays it is a vibrant and lively destination in its own right. A few locals who discovered SoFi left their landlocked homes to acquire condos in the clouds along Miami’s Government Cut, and there is no shortage of multi-million dollar skyscrapers in this area that line the south shore of Miami Beach and are home to hotshot celebrities and wealthy business people.
The real estate in the area comprises two, three and four bedroom houses. The property size varies from 2,500 square feet to 4,000 square feet, offering homebuyers a variety of accommodation options that will ensure their comfort.
Therefore, whether you are looking to buy or rent a condo unit, luxury real estate or best luxury condos in the South of Fifth, our realtors can be of immense help. They will show you our broad and versatile collection of South of Fifth condos, apartments and luxury real estate for both rent and sale.
The average income of a household in South of Fifth is $185,207. Hispanics are the largest ethnic group in the area followed by Whites, Cuban, Latinos and Blacks, which is a good indication of the cultural and ethnic diversity in this neighborhood. The male population in the region is slightly higher than female.
The average real estate sale price on this ultra-expensive strip of land is a steep $3,240,000, while the average rental price is $8,300. White collars workers in the area are slightly higher than blue-collar workers.
Restaurants and Shopping Malls
Foodies from South Beach have developed a new craving for the exciting dining experience on South of Fifth Street. Once known for only Joe’s Stone Crab the street now has a number of fine restaurants including Estiatorio Milos, Prime One Twelve, Fogo de Chao, French 27 and RED the steakhouse, which are densely packed within a few city blocks.
The street also boasts a number of great shopping malls. Some of the notable ones are Fifth and Alton, Brickell City Center, Shops at Merrick Park, Bal Harbor Shops, H&M and The Webster.
There are plenty of good schools in SoFi, some of which are listed below:
- North Beach Elementary School
- South Pointe Elementary
- Cushman School
- Biscayne Elementary School
- Mater Academy Miami Beach
A great majority of houses in this area was constructed recently, are well-renovated and boast latest and top-notch designs. Owners understand the high value of land in this region and tend to develop their dream spaces. A staggering majority of homes were built after the 1970s and older houses are rare in this area.
Please contact our Miami realtor Dan Maza on +1 (305)433-2818 for more information.