Miami ocean front property is some of the most valuable in the country. The market remains competitive even as home sales and values fall nationally. Buyers are still attracted to the Miami area and the Miami lifestyle even in a slumping economy. For those looking for property, condominium living provides an ideal combination of value, convenience and security not always afforded to those buying single-family homes. Condos, based on price per square foot and location are generally more affordable than houses.
The relatively affordable price of a condo is an attractive feature to home buyers in the Miami real estate market. Those located beachfront are particularly advantageous in terms of value and security. Beachfront houses can be prohibitively pricey for the typical buyer.
Condos built on the beach enable a greater number of properties in a designated space by towering above the landscape, offering spectacular views of the city and water. The volume of condos on the market as opposed to single-family separate homes ensures that prices will be more reasonable and competitive.
When living in a condo, landscape and building maintenance are the responsibility of a property management company. There is customarily a home owners association that assesses monthly or annual fees for building and common area maintenance.
