Why Bal Harbour St Regis is the most desirable place in Miami

 

Miami is one of the biggest and fastest growing cultural cities in all of America. It doesn’t come as a surprise that it is a major tourist destination. People flock from all over just to have a taste of this paradise. I won’t even pretend to be modest, Miami is the Paradise in the east coast. This being the case, a lot of people come to Miami for vacations year after year. The summer is just one of a kind, and full of festivities and cultural showcasing. It is simply magical. However, this Paradise is not same on all fronts. There are places considered more posh than others like Miami Beach real estate. It kind of sets the tone, differentiating people with economic differences and lifestyles. It is not regarded as a bad thing, though. People just love to enjoy life where they feel more comfortable. Can you blame them? There is having fun in Miami and there is having fun in St. Regis Bal Harbour Miami. You want to know the difference? This is why you are reading this article. It is regarded as the most desirable place in Miami for a reason. Here is why.

The real estate prospect of St. Regis

The real estate in this section of the city is just breathtaking. The luxury here is out of the world. The condominiums on sale here are of cutting edge design, the architecture is flawless, and then price are kind of high. The urge here to acquire one thus shoots to the roof. The ability to impress the eye with such design is best left unexplained, allowing you to see and judge for yourself. Being regarded as one of Miami’s favorite tourist site, it is dominated by condos, residential suites for rental purposes and resorts. If you just look at your map, you will actually see the large number of resort sites that are clustered all over the area. The most desirable places in the area are Armani Residences, Turnberry Ocean Club, Acqualina Miami, Acqualina Mansions, Estates at Acqualina, Chateau Beach Sunny Isles.

The general location feature

St. Regis lies in the village of Bal Harbour, somewhat new establishment (compared to the rest of the places https://www.ykrealestate.com/ ) in the city. This is a place where there has been less development in the past but recently an totally new wave of infrastructure, development and real estate has been vibrant. It still doesn’t have quite the population yet, but it will be soon. People are flocking from all over the country and world to get themselves this ultra-luxurious condos. It is generally a cool place that is serene and quiet. It has great potential and this has enabled the market price to rise for the last couple of years.

The true market potential for St. Regis Bal Harbour

The one thing that is driving this place is just one thing: not the resorts, not the tourist sites but the condos. A home is an investment that is always appreciating, year after year until such a point when you decide maybe its time to cash in. A home in a vacation area is another thing. The growth in value in this places is just like your home in the city, but on steroids. ( I think this description emphasizes the rates as they are). The prices are shooting through the roof for these condos, making sure that your investments doubles or even sometimes triples.

Why the sudden shift in prices

In the beginning of the article it was stated that it is one of the new, less populated fronts in Miami and the developments have only been few In the last couple of year. The fact that geographically it is just next to the sea adds to the reasons that the shift has occurred. The area initially was under the us air force serving as a barracks and riffle site. Believe it or not the annual rates that the US air corps paid was $1. After the war in 1945, the barracks were turned in to apartments. From there onwards it was a steady development program which just became vibrant a couple of years ago when people understood the potential it had.

The quality of life here.

For the prices they are asking for to sell you a condo or a residential home, you should expect nothing short of the best quality of life. Such luxury living as you get in Jade Ocean Sunny Isles, Jade Signature . All the social amenities have been taken care of, resorts are in place, the golf courses are being constructed and maintained at all times, the infrastructure is built up and maintained at all times, its just paradise. This is why a great deal of people are coming to buy themselves homes for vacation. Tech geek billionaires from silicon valley, investors from wall street, industrial moguls, politicians, everyone is down there. It is like a whole new front over there. Thus the standards have been set high. St Regis is just the place to be.

A close look on the real estate on sale

The condos here are dominating the village ( the one prominent development in the neighborhood is Ritz Carlton Sunny Isles ). From 2 bedroom condos to as big as 5 bedroom suites have swept the whole area. They range from 190-250m2   . The market price for these pieces of real estate are ranging from $1.2 million to about $2.5 million a piece. Quite expensive you might thing. Yes, well that’s what you get to pay for such luxury. The apartment building consist of a luxurious lobby, spas, swimming pools and massage parlors with customized service. The neighborhood is even more impressive. The shops there selling luxurious clothes, shoes and jewelry. Living here allows to also dine in the best restaurants which have set up shop in the area.

The condos care not just the only real estate that is in this place. There are also Bay Harbor Islands homes. They are also luxurious and befitting the potential owners. Even more you have hospitals, schools and fields all over, enabling you to raise your family here without any issues. If this is not desirable I don’t know what it is. St. Regis has set itself apart from the rest of Miami and attracted the ultra-rich from all over the united states.

Why Bal Harbor is a great area to buy a condo

I am not one to lie about likes and dislikes. I love the beach. Even more I would love to spend a bit more time there; I hear it is good for the skin, Vitamin D. An unusual way to start an article you might think. The actual reason for this is the fuzz that has been in the blogs, tabloids and the magazines these days about the extent at which the market for real estate in south of Florida is buzzing, particularly the south. Chances are you have been hit by this wave of speculations too and would die to have a condo yourself. “Speculation” however is not a word you want to have in your portfolio while you look for the next destination for your hard earned money. Chances are you are looking for better reason to convince yourself on this somewhat enticing venture. This article will look at the why the Bal Harbour real estate is a great place to get yourself a condo, maybe call it home during the coming summer. Regardless of the unbelievable price tags they have down there, betraying your pocket and probably mocking your paycheck indirectly, just read the article. I have a few surprises for you. Let us zero down to one place in particular, Bal Harbour.

Putting Bal Harbour on your map

The area in question is in the states of Florida which obviously by now you are aware of. To put it into more perspective, the Bal Harbour is in the county of Miami-Dade and was incorporated in 1946, a little after the second world war. The government down there is what is called the council-manager type where you have a mayor in charge of it all, a village manager and an village clerk. The area it occupies is approximately 0.6 square miles (that’s about 1.6 km2) which means that there is quite enough space for people looking to settle especially in places in Majestic Bal Harbour, Kenilworth Bal HarbourBellini Bal Harbour.  Talking about people the population is about 3305 as per the latest survey. That’s all you need to know for now might you decide to take a trip down there.

Getting down to business: basics to consider

The article heading is why this place is great to buy a condo right now. The recent new developments in Bal Harbour are truly spectacular such as Oceana Bal Harbour, St Regis Bal Harbour, ONE Bal Habour, Surf Club Four Seasons, Fendi Chateau . This article will look at the potential that the area possesses before convincing you to buy a condo down here. Its all about getting the facts right and then getting to a decision at the end of it all. The article will look a couple of aspects: social and economic aspect and the potential they hold to your investment for a condo in this area. Let’s begin.

The social aspect and potential

  • The population of this area is a very low, 3305 to be precise. This is a magic number for a metropolitan urban centre. While the rest of the cities in the country are fighting with overpopulation and lack of enough amenities to serve the people in it, Bal harbor here boast of a manageable population. You can agree that however you are in a subway or a bus during rush hour you wish for a quiet to get home.You have a wide range of options to get to your workplace here. There is the bus, bikes or you could use your vehicle with the good roads that are in the area. Even more convincing about this place is the average commute time. It stands at 26 minutes according to the survey done for this study. This means that you could be in your workplace in half an hour. The cool serene environment even makes the transit more peaceful and enjoyable. If you are here on holiday then moving around is just all fun and smiles. You can visit close by neighborhood and spent day at Acqualina Residences Miami resort and spa. The fact that this is an area with low population, social amenities are just enough for everyone. The infrastructure here is great with the local government launching projects everywhere. This should be enough to convince you to move down here and get a condo for yourself. If you want a condo for yourself for the holiday then this is your playground.

 

  • The whole real estate industry is moving down here and putting up apartment building at a pace that signifies a lot of promise in the future. If you don’t believe me just Google ‘‘luxury condos in Bal Harbour’’ and see for yourself. The intoxicating beauty of the beach, the sun and the air here is just good enough to entice you to take your money and run down here. There is everything you need to live a luxurious life here. For oceanfront luxury lifestyle you should consider luxury towers like Acqualina Miami, Estates at Acqualina, Acqualina Mansions, Chateau Beach Residences, Ritz-Carlton Sunny Isles, Armani Residences . From shopping malls to resorts, nightclubs, spas, pools clubhouses. If 3 golf courses and tennis courses by the ocean don’t convince I don’t know what will.
  • Social amenities at Turnberry Ocean Club
  • Transport
  • Population and all that come with it