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Miami Beach Fl real estate is one of the best cities to invest in South Florida; The city was incorporated in 1915, combining Collins and Pancoast Miami Beach improvement Corporation, the town's 33 voters elected J.N Lummus Mayor, a few rows of small homes already lined the beach, Many homeowners were miamians who had built second homes. New tourist poured into South Florida, the huge crowds created real problems. Hotels were packed to overflowing and tourist could find no place to stay. In the 1920 the American people witnessed profound changes in their lives, morals and manners, But nothing that happened to the nation could begin to compare to the mania that struck Miami.
Miami Beach, The Oceanfront City
Miami became the epitome of "flaming youth". By 1925, Miami Beach population soared to over 15000 permanent residents. New luxury hotels and lavish mansions transformed the man-made frontier into a spectacular winter playground. What Miami Beach's power elite generally wanted then were "modern" high rise buildings with huge street level or underground parking garages and hundreds of residential units stacked vertically on a small "footprint"of land. Dozens of high rises of this sort had been erected in the northern and middle parts parts of Miami Beach during the 1950's, 1960s, 1970s, blocking off access to the ocean along middle and upper Collins Avenue. In 1976, the City of Miami Beach passed a redevelopment plan that called for the destruction of virtually every building south of Sixth Street. Hundreds of small Art Deco and Mediterranean revival style buildings, single family homes, charming low rise apartments buildings, small oceanfront hotels, virtually everything was supposed to be torn down.
About the only thing the planners wanted to save was Joe's Stone Crab Restaurant, a favored dining spot for local politicians, tourists, and businessmen. If implemented, the plan would have displaced thousands of people. Fortunately for those who like old buildings, the city never found a mega developer to implement its grandiose $400 million real estate scheme. However, many buildings on the western fringe of South Beach and to the north, on Collins, were knocked down throughout the '50s, '60s,'70s to make room for beautiful high rises.
Miami Beach Homes For Sale
Miami Beach has different neighborhoods such as, Biscayne Point, Fisher Island, La Gorce Island, North Shore, Nautilus, South Pointe, West Ave, Bay Road, Star Island, Palm Island and Hibiscus Island. Needless to say, this oceanfront city still has under-valued real estate. In June of 2013 median home price in Miami Beach is $2,399,000. There are 229 homes for sale and 1460 condos (39 Bank owned properties), the highest priced condo sold for $15,000,000 at Ocean House and the second highest sales was reported at Murano Grande for $5,000,000. The lowest price condo sold for $21,000 at Casa Blanca condo. There are still great deals waiting for you in this oceanfront city, but you need a local expert to help you. Guillermo Parapar and his team have been in the real estate industry for more than 11 years, archiving more than $20,000,000 of real estate transactions. For a local and knowledgeable service in Miami Beach Fl real estate market contact Guillermo at Tool Realty Corp 305.778.6933.
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