Recently I was interviewed by Matt Meltzer at Miami Beach 411 and we discussed living in Miami Beach, Brickell & Downtown/Midtown Miami. In preparing for this interview, Matt mentioned that I should be prepared to discuss demographics and other details about what kind of people are moving into our area. I get these types of questions on a daily basis and I always have to explain that due to fair housing practice rules and regulations in my business, I am not really allowed to discuss the specifics of the types of people who live in our area, however I am always happy to talk about what each neighborhood has to offer in terms of pricing, availability and more. This is what I offered while speaking with Matt. Good luck Matt in your research!
I strongly feel that the neighborhood/building you choose to live in will definitely determine the experience that you will have living in this city. For instance if you want the ability to walk out your door and be on the beach, it may make more sense to live on South Beach versus Brickell. Rather, if you work on Brickell and you want the ability to walk to work, than you may choose to live in a Brickell building.
It’s really a personal decision and it’s important to do your research in advance.
The first thing you should know is that Miami Beach (I mostly work in South Beach to be exact), Brickell & Downtown/Midtown Miami are 4 completely different neighborhoods. Then within each neighborhood there are many different buildings and each have their own unique style, atmosphere and price points. If you live in our area you will soon come to find out that the livability of each neighborhood is always a hot debate topic. Usually Brickell people love Brickell, South Beachers love South Beach and so on.
The one thing that is probably going to determine a lot of your decision making is your budget. If you are renting a 1 bedroom with parking in any of these areas, the monthly rent can be anywhere from approximately $1100 up to $5000 plus. If you are buying there is a wide range of price points depending on the location and building. For instance in South Beach over the last 90 days, the least expensive (non foreclosure) sold for $122,500 while the most expensive for $575,000.
Typically when I start working with a new buyer or renter, after I have an idea of budget, I delve into the details of finding out what’s most important to them.
I always tell newcomers that the best thing to do if you do not know the area, is to first drive around, walk around, talk to local people and then research a little about each neighborhood. Afterwards use a online property search to start searching for properties in certain areas and then pin point buildings that match your price point and needs.
Yes, it is a little work upfront but work that will hopefully pay off in the end when you move to our wonderful city!
Do you have questions about this article or something else? You can reach me easily by email at jprezzi@atlanticbb.net or by phone at: 305-793-8965. Subscribe to MIAMI CITY DIGGS by Email
{ 0 comments }
