About The Broker

Featured Listings

Local Market Statistics

real-time real estate market research

Virtual Tour Inventory WidgetGet Adobe Flash Player


eNewsletter Sign Up

Mortgage Calculator

Local Resources



South Florida’s Next Condo Boom – Sunny Isles Beach

South Florida’s Next Condo Boom – Sunny Isles BeachSunny Isles Beach FL

According to the Miami Herald, Sunny Isles Beach, a city created only 15 years ago on a stretch of beach that was dominated by theme-oriented boutique hotels built in the 1950s, is emerging as the epicenter of South Florida’s next condo boom.

Developers are proceeding with at least six condo towers with at least 530 luxury units to be constructed in a community that stretches less than 40 blocks along Collins Avenue.  The number of proposed new condo towers in Sunny Isles Beach is expected to increase in the upcoming months as developers have recently purchased an additional four condo sites.

Unlike the last South Florida condo boom, lenders are not yet willing to finance condo construction projects, thereby forcing developers to build using their own money combined with payments from contracted buyers.

The city of Sunny Isles Beach could see its total number of condos increase by more than 1,200 units with the latest boom.

Read more here: http://www.miamiherald.com/2012/07/22/v-fullstory/2907525/sunny-isles-beach-emerging-as.html#storylink=cpy#storylink=cpy

I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Copyright © 2008 Whats The Point of Aventura?     Log in     Design by Real Estate Tomato     Powered by Tomato Blogs

Michael Solovay on Zillow