Miami luxury real estate properties are doing exceptionally well on today’s property market, especially in the case of those that are situated within many of the region’s most exclusive communities which are known to attract wealthy individuals from all around the world.
The region used to be known to have a market that witnessed many irrational deals and offered an incredibly high amount of foreclosure activity. Today, it is considered to be one of the top three international markets alongside London and Dubai.
It goes without saying that the selection of Miami luxury properties which are offered on today’s property market are definitely a big reason as to why so many people are inclined to choosing Miami out of all the different locations in the United States.
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The availability of outstanding oceanfront properties which appeals largely to many of the wealthiest people in the world is definitely something that property buyers are keen to acquire, especially within prime communities such as South Beach, Golden Beach, and the amazing range of private island communities that can be found within the region.
In fact, one of the biggest Miami luxury real estate purchases in 2012 involved a grand oceanfront estate located on the Indian Creek waterway between Biscayne Bay and Lincoln Road was purchased by a Russian national who purchased the property for a jaw-dropping $47 million, making it the most expensive single-family home to have ever been sold within the Miami-Dade County area.
Property buyers who have always wanted to experience living in a waterfront home which caters to the upscale needs of modern-day living will definitely be able to find Miami luxury real estate properties that will provide the quality, value, and long-term satisfaction that people should always be rewarded with when it comes to luxury living.
Whether it involves luxury home options found on private island communities such as Fisher Island, Palm Island, and the Venetian Islands, or if you are more inclined to be able to live within one of the many high-rise condominiums that can be found within Bal Harbour, Sunny Isles Beach, or even South Beach, there will always be Miami luxury properties that will be perfectly suited for your personal preferences.