Oceanfront Miami Beach and Sunny Isles Real Estate Draws Foreign Investors

In Miami Beach and Sunny Isles, and along the Dade County, Broward County and Palm Beach corridor, luxury beach front properties have captured the attention of foreign investors. These investors have no intention of living in the properties they have purchased. Rather, they are renting them at present and plan to sell them at a profit when the housing market recovers. Many pay cash for their investments which averages $200 thousand. Others, with only 30% are financing the purchase of luxury condos with very favorable terms.

Florida is the Sunshine State. It should also be known as the fun state. Throughout the state are theme parks, water-parks, wonderful sand beaches, professional sports, and great dining and nightlife. In the 55 square miles encompassed by Miami Beach and its neighbor Sunny Isles there is a coming together of all that Florida has to offer.

This has not gone unnoticed by foreigners who, as reported by the Palm Beach Post, account for 30 percent of all property sold in the Palm Beach to Miami Beach area. Also, as reported by the Palm Beach Post, these buyers are paying cash, on average, $200 thousand dollars for a property. In addition, the Post says that often foreign buyers can buy a higher priced condo in Miami or Sunny Isles property with only 30% down and finance the rest. Among the hottest properties for this foreign market is luxury Miami condos and Sunny Isles real estate. This surge in foreign investment in the Miami condo and Sunny Isles market is due to the lowering of prices in the luxury Miami condo market and Sunny Isles luxury beach front properties coupled with the ability of foreign investors to get favorable mortgage rates.

For decades, Sunny Isles has been a vacation Mecca for French Canadians, many of whom own condos there. However, it seems that foreign investment in Miami condos for sale and available Sunny Isles real estate by foreigner is truly for investment. Many buyers, given the favorable buying conditions that are presently in place, are using these properties as true investments. Short term they are renting them out, long-term they are waiting for the real estate market to recover and eventually cash out of their investments at a good profit. Investors, unlike other sellers can wait for the market to recover.

The current real estate market for Miami condos is definitely a buyers market. Many folks are in danger of foreclosure or simply want to cut their losses on a home that they continue to pay the mortgage on, but, they are paying for a mortgage that is for more than the home is now worth. This phenomenon is called 'being underwater.'

Foreign investors have made a smart decision. Renting a condominium on the beach is an offering that many people find attractive. Thus, the investor can begin earning money while waiting for the market to come back.

Then, the investor will be able to sell the property at a profit. The rental allows the investor to capture his recurring costs until selling.

Oceanfront Realty features technologically trained and high-traffic Internet experienced realtors. Our main focus market is Sunny Isles real estate and Jade Ocean Sunny Isles luxury condominiums. SunnyIslesRealEstateCondos.com provides instant and continuously updated information on the best in Miami real estate.

Article Source: http://EzineArticles.com/?expert=Walter_Abolsky
http://EzineArticles.com/?Oceanfront-Miami-Beach-and-Sunny-Isles-Real-Estate-Draws-Foreign-Investors&id=5786292

Highly Recommended Pre-Construction Deals On Miami Beach Luxury Condos: One Ocean

Miami Beach luxury condos are one of the most attractive real estate options found in the South Florida region today. If you are one of today's many property buyers whose goals include being able to purchase real estate options within the region at affordable rates, you should definitely consider pre-construction deals within the city such as the ones found at the One Ocean development project.

The One Ocean development project is set to provide one of the newest ultra-luxury condominiums that will be found within the city of Miami Beach. It is going to set rise within the South of Fifth neighborhood which is considered by many to be one of the South Florida region's most outstanding and most highly sought after oceanfront communities today.

The developers behind the development project include Jorge Perez and the Related Group which have been known to provide the city with spectacular high-rise homes which cater to the upscale needs of modern-day living. If you are looking for condos that are going to be a guaranteed hit, the One Ocean is definitely going to be among the few options that should be on your list.

According to reports, the One Ocean development project will be creating a 7-story glass building that will offer 46 private residences and 4 oceanfront villas for a total of 50 units. Such a plan is sure to ring bells among property buyers who are looking for the most exclusive property options available today. Needless to say, the degree of luxury that people can look forward to is going to be phenomenal as each residence will have around 2,000 square feet up to more than 2,500 square feet of living space to offer.

Aside from the actual units, property buyers who are interested in being able to take the opportunity to become a part of the exclusive community can expect to find other features which will include private elevators to each unit, beach club privileges, butler services, and a robotic garage for residents' vehicles. Other amenities included in the plan are a Zen garden, infinity-edge swimming pool, clubhouse, and fitness facilities.

Out of all the many pre-construction deals that are currently available within the city of Miami Beach, the One Ocean development project proves to be the most promising of all which is why property buyers today are strongly encouraged to take advantage of the amazing opportunity while they can.

If you would like to learn more about One Ocean, or any of the other pre-construction deals that are currently being offered within the Miami region, you should contact a professional real estate agent for further details.

Yaz Morgan
One Ocean

Article Source: http://EzineArticles.com/?expert=Yaz_Morgan
http://EzineArticles.com/?Highly-Recommended-Pre-Construction-Deals-On-Miami-Beach-Luxury-Condos:-One-Ocean&id=7386753

Miami Beach Real Estate Is In Great Health Thanks To Its Exquisite Luxury Condos

According to early 2012 forecasts, the Miami Beach real estate market would be one of the healthiest property markets despite having dealt with the worst market crashes in history. Of course, people who know how much the city has to offer will definitely not find this to be the least bit surprising, especially since there are so much exquisite Miami Beach luxury condos that await even the most meticulous property buyers who tend to look for the highest forms of luxury possible.

An International Playground

The city itself has been recognized as an international playground for the wealthy and famous people who seek a truly world-class beach setting that caters to their high-end needs. Needless to say, the city's location along the beautiful Atlantic coast of South Florida has proven to be among the most fabulous beach settings in the United States today since it offers prime access to the ocean and all of its breath-taking features.

With an upscale following that continues to grow in number, it only makes sense to be able to find a myriad of first-class options on the Miami Beach real estate market. But if there is any particular option that has easily become a top pick for many of today's property buyers, it would definitely be the outstanding selection of high-rise luxury condos which are situated along the finest oceanfront locations within the city today.

Data Confirms the Forecasts

As we are now in the second half of 2012, it seems that the forecasts made in the early part of the year have only been confirmed by recent data that indicates definite growth on the Miami Beach real estate market. In fact, the median sales price has gone up by as much as 10.3 percent for single-family homes while condos have gone up by as much as 30 percent.

Despite the continuous increase in price, the demand for such amazing options remains high as foreign property buyers are still drawn to the opportunities that are now being presented within the region - many of which they are willing to purchase in cash.

Miami Beach Luxury Condos

It goes without saying that property buyers are definitely enamored by the sensational features of the city itself; however, the fact that Miami Beach luxury condos provide a lifestyle that is truly luxurious definitely adds to why they are so much more inclined to consider such options.

Large balconies are definitely one the best features that people can expect from luxury condos within the city, especially since these provide people with the most captivating views of the ocean horizon. There are even those that offer 360-degree views from within floor-to-ceiling glass windows that are able to showcase the wonders of the Atlantic Ocean, Biscayne Bay, the Intracoastal Waterway, and just about everything in-between.

World-class amenities and features also provide people with added convenience and comfort in the sense that they are able to maintain complete lifestyles without having to go too far to achieve it. Also, the superb services that are provided definitely add to the entire luxury experience that people look forward to within the city.

Among the top luxury condos within the city include the Apogee South Beach, Continuum South Beach, ICON South Beach, Murano at Portofino, 1500 Ocean Drive, Mondrian, Setai, and W South Beach.

If you would like to be sure that you are able to engage in one of the best property markets within the United States today, you should definitely look into the Miami Beach real estate market while property prices are still on the rise. Take the time to speak with a professional agent if you wish to receive more information on all of your available options.

Yaz Morgan
Miami Beach Real Estate

Article Source: http://EzineArticles.com/?expert=Yaz_Morgan
http://EzineArticles.com/?Miami-Beach-Real-Estate-Is-In-Great-Health-Thanks-To-Its-Exquisite-Luxury-Condos&id=7172690