The Miami Real Estate Market - Hot and Getting Hotter

The Miami Beach area is in the county of Miami-Dade, Florida. Miami Beach is one of the most popular beach resort communities in the United States and has been for years. It is an area ripe with beach front real estate. Both personal property like apartments and condos, and commercial property as well. Miami Real Estate also is some of the most valued in the land.

Real Estate investing in Miami has received a boost as of late with lots of new beach front condominium developments and has been transformed into being one of Forbes 10 most livable places. A list that includes such other notables as Donald Trump's $125 million Palm Beach estate and Ian Schrager's Gramercy Park in New York.

If one compares the horizon of the beach front area of Miami to just 10 years ago to what it resembles today, you probably wouldn't be able to identify it. The only things that resembles that from the past is it's signature art-deco designs and the beach. A major part of the Miami horizon today is cluttered with building cranes working on various real estate developments.

Many real estate developments in the new Miami Beach are continuations of the world famous South Beach district. It is one of the most popular areas of Miami Beach. An area where topless sunbathing is not at all an uncommon occurrence in certain sections of the beach. It is the area made famous in the Miami Vice television series some years back. Before the exposure this provided it was a quiet area with a lot of empty buildings. By contrast today, it is regarded as one of the ritziest commercial sectors in America.

The residents of Miami Beach are both full-time and the seasonal visitors. This has raised the prices of residences in the area higher than ever before. The Miami Beach population jumped from 88,000 in 2000 to more than 93,500 in 2005, according to data provided by the city. Seasonal residents rose from 14,339 to more than 20,000 and the population does not appear to be done swelling yet.

It was during the 1920's that Miami was made a modern city and then just like now the build up was a huge gamble. This new movement with it's waterfront locations, sunny climate and a hip, international culture, intensive downtown residential development can propel Miami to the top of world cities.

Experts aren't certain what this current real estate boom will deliver but everyone agrees that this wave of development has already remade not just Miami's skyline, but its streets, neighborhoods and population has been transformed forever.