If you seek a truly international destination that is rich in history and offers great weather, award-winning beaches, a wide variety of real estate and a robust and growing economy, you've found it. Home to 92,000 residents, the City of Miami Beach is a thriving global center for the entertainment industry. Film, television, music, fashion, news media, and the performing arts make up the fastest-growing segments of the Miami Beach economy.
Miami Beach's health care industry includes the Mount Sinai Medical Center and Miami Heart Institute, and the city's largest employer and South Shore Hospital. And of course tourism continues to play a vital role in the success of the local economy. The historic South Beach strip has been completely renovated and is one of the top tourist attractions in the nation. The collection of newly constructed four-star hotels and resorts are also attracting a huge number of guests.
In 2002, for the second year in a row, Miami Beach's South Beach was named America's Top Urban Beach. For several consecutive years, the Travel Channel has selected South Beach as one of the top 10 beaches in the world, the only beach in the continental United States to be honored with this recognition.
Miami Beach's diverse real estate market offers a wide variety of homes to fit any budget or lifestyle, with real estate options consisting of condominiums, townhouses, single-family detached homes, and estate properties. Where else can you find stunning beachfront condos just minutes from Miami's bustling commercial and business districts? Only in Miami Beach!
Miami Beach Real Estate Market: Price Range of Miami Beach Houses for Sale
From beachside cottages and bungalows to multi-million dollar Mediterranean-style mansions, Miami Beach's diverse real estate offerings will suit every taste. Condominiums and townhouses start under $200,000 for older one-bedroom units in Miami Beach communities such as The Continental Collins, Versailles and Prince Michael. Prices can exceed $8 million for oceanfront properties in Miami Beach communities such as Oceanside Fisher Island, Bayview at Fisher Island, Continuum on South Beach and Villagio on South Beach.
Single-family detached homes start in the high $200,000s in Miami Beach communities such as Isle of Normandy Miami VI and Haynesworth Beach. These three or four-bedroom homes include private yards, gardens, patios and porches. Prices range up to $20 million plus for magnificent multi-level beachfront estate properties on large lots in communities such as Star Island, Island Creek Golf Club and LaGorce Island. These homes boast Atlantic Ocean views, golf course and bay frontage, landscaped yards, exquisite architecture, swimming pools and spas. Some land and lots are available in Miami Beach for custom building.
Miami Beach FL Real Estate for the week of January 23rd, 2012: homes priced around $1,335,832 compared to $1,375,454 the previous week, showing a decrease of less than -3%. For Friday, January 27th, the current national mortgage rate for a 30 year fixed mortgage is 3.89%; the 15 year fixed rate is at 3.22%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.43%, while the 15 year jumbo rate currently is at 3.69%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Miami Beach FL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures in Miami Beach, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes in Miami Beach, Miami Beach neighborhood information, crime stats, home values, and schools in Miami Beach to help you find the best home!
