This morning I was doing market research based on the amount of rented units by building. I wanted to see which popular Miami Beach (South Beach area) buildings had the highest amount of rentals over the last six months.
Miami Beach
Over the last six months in Miami Beach there were 1,630 condos/town homes that rented & 1044 in South Beach alone.
South of Fifth Buildings: 224 Rentals over the last six months
**When looking at the selling price if it seems super high, divide it out by either six months or twelve months based on the listing price per month. Some agents put the “selling price” as the rented price per month, others enter the entire year. So for instance if the listing price is $1000 per month. The real selling price could be $1000 or $12,000 depending on how the closing agent entered this field.
Top 5 Popular South of Fifth Buildings based on rented units
#1. The Yacht Club is number 1 for rented units over the last six months with 45 rentals so far this year. I would assume it’s because they have more lenient renting policies in regards to lease terms. However, the application process is pretty thorough and strict.
90 Alton Road Miami Beach, Florida 33139
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#2. Cosmopolitan: 16
110 Washington Avenue Miami Beach, Florida 33139
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#3. Murano Grande at Portofino: 15
400 Alton Road Miami Beach, Florida 33139
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#4. Continuum II: 13
50 South Pointe Drive Miami Beach, Florida 33139
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#5. Ocean Point: 12
345 Ocean Drive Miami Beach, Florida 33139
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Following closely behind are two other popular South of Fifth luxury buildings.
Icon: 11
450 Alton Road Miami Beach, Florida 33139
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Continuum I: 10
100 South Pointe Drive Miami Beach, Florida 33139
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The compilation of listing and market data information is provided by the REALTORS Association of Greater Miami and the Beaches. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental.
I do my best to double check for accuracy, however I am human and errors can occur. Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary.
