Ten Floor Investor Beauty: 26 Edgewater Miami New Condos For Sale at 26 Edgewater By Michael Barrineau MB Luxury Properties Real Estate Agent Miami new condos in the heart of the Edgewater community are about to break ground in record numbers. With so many options, how can international real estate investors choose the best investment properties? The rental market in Miami is robust and is expected to improve in the months and years to come. Average condo lease prices in the Downtown Miami market over the past few years are increasing: $2,198 in 2011 $2,371 in 2013 $2,429 in 2014 Condos for rent in Miami Beach have reached $3.50 per square foot of living space. Miami Beach condo rentals are very favorable for an owners’ return on investment. Many of the new condos for sale are ultra luxury condos; the best of miami luxury real estate. However, the best fit for rental investment property is often a condo or home with solid construction, a good energy efficiency rating and a feature list more in-line with renter budgets; an investment that leaves room for the owner’s profit (ROI). After meeting with the developers of 26 Edgewater and studying their plans for the project, I wanted to write a few lines about this investor opportunity. The developers have a long and distinguished track record designing and building condos for the investor market. They know how to properly size the condo units and are careful to include the most important features and amenities that renters value most. The developer is a specialist in small apartments, great for investors. They keep condo association maintenance and operating costs low. Maintenance expenses are projected to be as low as $250 per unit at 26 Edgewater. Considering the attractive pricing and maintenance expenses, I was struck by the attractiveness of this 10 story building. 26 Edgewater is a good looking building. The rooftop pool will be a beautiful amenity, worthy of many of the luxury condos in Miami. Quick List for 26 Edgewater: –10 floors with 89 total units –59 one bedroom/one bathroom –30 two bedroom/two bathroom –rooftop pool -5,500 SF of open air pool deck –10th floor, state of the art fitness center –club room with contemporary Miami chic design –155 space parking garage with assigned spaces and designated visitor parking –hurricane windows –stainless steel appliances –quartz counter tops
Posted on: Wed, 30 Jul 2014 13:54:02 +0000