The South Beach real estate market has its own unique attraction. Commonly known as “Sobe”… explore and you will discover luxury waterfront homes, exclusive penthouses, distinctive architectural features, and dreamscape views.
Located between Biscayne Bay and the Atlantic Ocean, the area is comprised of all of the islands to the south of Indian Creek – another exclusive Miami Beach neighborhood rated as one of the highest income locations in the US with its most recent record breaking home sale of $47 million.
Distinctive to SoBe is its architectural transformation that began in the 1930s … an artistic revolution that created a wave of Art Deco, Streamline Modern, and Nautical Modern building styles. Adding to the notoriety of the area is the assertion that SoBe maintains the largest Streamline Modern architecture collection in the world. During a difficult period in the 1970s and 1980s with a repeat underworld theme portrayed in popular crime shows such as Miami Vice, a movement was initiated to trailblaze the placement of South Beach on the National Register of Historical Places … the Miami Beach Architectural District was born in 1979. Renown for its star studded clientele, a range that includes many colorful characters – from the filming of the Jackie Gleason Show, Miami Vice, and CSI Miami, to residents that have included Elizabeth Taylor, Gloria Estefan, Julio Iglesias, Jennifer Lopez, Shaquille O’Neil, Rosie O’Donnell, and Madonna.
Today SoBe is considered one of the most affluent areas on the Beach. It is a destination popular among American and international tourists from Canada, Europe, Israel, Latin America, and the Caribbean, with both permanent and second homes in the area. According to a recently released real estate report, this month home values are up 8 percent in the third quarter of this year compared to the same period of time last year. Significant to this boost is the rise of international buyers – Florida is now the number one state for international residents.
Offering a rich blend of diversity, culture, and languages, with stunning water views and beaches, you can’t go wrong choosing the Beach as a permanent residence or a second home opportunity – the property values are back on the rise, proving it a profitable long term investment choice.
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