6 Hottest Waterfront Properties Available in Miami in May

Living in South Florida is hot, hot, hot right now, and we aren’t just referring to the summer temperatures. With one of the most coveted real estate markets in the world, it’s no surprise that the luxury market in our piece of paradise is growing in popularity every day with foreign and domestic buyers alike.

With miles of beautiful waterfront property in Miami, it is well worth your money to invest in a property on the water if you’re in the market for a new luxury home. So many of the homes in South Florida offer once-in-a-lifetime opportunities to live in true opulence. With shimmering pools, manicured gardens, boat docks, and private, gated avenues, we think you’ll fall in love with at least one, if not more, of these six hottest waterfront properties available in Miami this May.

500 Arvida Parkway, Gables Estates, Coral Gables

 With 13,418 square feet of living space, this magnificent home located in Gables Estates and overlooking the sparkling waters of Biscayne Bay exemplifies the epitome of excellent taste for those who want to enjoy the very best of waterfront living. Resting on an acre+/- lot amid rolling, manicured lawns with prime water views; this lavish setting has everything one could desire, including a three-car garage. From almost every room in the house, one can enjoy the delightful views of Gables Estates’ widest and largest lagoon, which is immediately accessible to Biscayne Bay and unencumbered by any bridge. On the interior, lavish art walls galore adorn the hallways that lead to and from the five bedrooms, seven bathrooms, and three half baths found inside. A large in-ground pool and underwater Jacuzzi, full summer kitchen, billiard room, and wine cellar are perfect for entertaining and make this home a delight for day and night.

 135 Leucadendra Drive, Gables Estates, Coral Gables

 Spectacular water views surround this contemporary-chic six-bedroom/five bathroom home in Gables Estates. This property features wide water views from the back and a landscaped cul-de-sac centered by the tennis courts in the front. A first-floor entry with vaulted ceilings and fireplace add to the charm of this unique abode in one of the most prestigious neighborhoods in all of South Florida. Additional features include a spacious playroom, perfect for billiards, movie watching, or large family gatherings, as well as a beautifully positioned first floor master suite and office. For your prized automobiles there is a three-car garage and separate covered parking pavilion adjacent to the garage.

 744 Lakeview Drive, Miami Beach

From this home, you can enjoy Southeast breezes and pristine Miami Beach water views of Surprise Lake everyday with your morning coffee and afternoon delight. This gated 3,100+sf, four-bedroom, three and a half bath, waterfront home sits on coveted Lakeview Drive. The 14,000+ square foot lot with 70 feet of water frontage is just minutes from the bay, and offers a splendor you can only dream about, until now… A romantic outdoor loggia, tiki hut, waterfall pool with spa, and a delightful brick pizza oven make this the perfect home for entertaining in paradise-style luxury. Additional features include a gourmet kitchen with six burner Viking gas range, warming ovens and wine cooler, impact windows and doors, and Control4 system to manage lights, TV’s, audio, and A/C’s. Built in the heyday of 1950, this home is nothing short of modern luxury.

8210 Hawthorne Avenue, Miami Beach

How would you like to come home to your very own private retreat with magnificent sunsets views of the Miami skyline across the bay from your second-floor master suite balcony? This four-bedroom/five bath home can offer you the best of South Florida luxury living with enviable views and amenities. The sunny kitchen and great room both flow to a covered patio through wide glass doors, facilitating the indoor/outdoor south Florida living and dining lifestyle. Natural coral rock and wood decks surround the pool and spa, with two waterfalls, saltwater filtration, and a jet swim. The backyard offers a lush tropical landscape with verdant coconut palms leading to a generously sized dock with boatlift, where you can house your cruise craft to enjoy the best of waterfront living.

198 Isla Dorada Boulevard, Cocoplum, Coral Gables

This exquisite waterfront Cocoplum home features six bedrooms with en-suite baths and wood finished closets. If your idea of luxury includes all things formal, look no further, as this home features a large formal living room and dining room overlooking the gardens, a spacious family room with mahogany built-ins and views of the water and swimming pool. Outside of the second floor master suite and sitting area, you will find lovely water views and a perfect terrace for unwinding from the day. This home also comes with a private dock that leads to the bay by way of only one bridge. For all your additional needs, you’ll find a full house generator, elevator, and oversized two-car garage to accompany the offerings of this luxury South Florida home.

3741 Maine Highway, Villa 824, Coconut Grove

For stunning panoramic views of Biscayne Bay, you may find your home in this incredible 7,000 +/- square foot villa. At the price, this home offers a rare opportunity to live on the bay in historic Coconut Grove, as this is one of only eight villas directly on the water. With amenities such as a rooftop summer kitchen and 60 ft. (+/-) lap pool overlooking the vistas of the city and Biscayne Bay, you may never find another home quite like this one, nor will you want to! This smart home with elevator features four bedrooms with en-suite baths including a separate master bedroom wing, along with two powder rooms, a state of the art movie theater, a brand new Poggenpohl kitchen, parking for four cars, and two home offices. High ceilings enlarge the four stories of the home, and give the appearance of ultimate luxury.

For professional advice on all aspects of buying or selling real estate, please contact Audrey Ross at aross@miamirealestate.com or (305) 206-4003 or visit her at the Compass office located at 2550 South Bayshore Drive, in Coconut Grove.

Tech Industry Could Boost Miami’s Housing Market

When most people think of Miami, the first thing that comes to mind isn’t usually the city’s prominence in the tech industry. However, Miami-Dade, Broward and Palm Beach counties are home to 8,167 technology businesses, the 12th highest in the country according to Census data by Computing Technology Industry Association. With growth of the industry on the horizon, it could most certainly impact our local housing market.

Amazon Still Eyeing Miami

Along with other cities, Miami is still in the running as a destination for Amazon’s second headquarters. The company expects to invest over $5 billion in construction and create as many as 50,000 high-paying jobs.

Housing and Real Estate Investments Could Benefit

For many reasons, there is growing interest in Miami from the tech world, which could result in a boost to the housing market. The cost of living here is less than in other major metropolitan cities like New York or San Francisco. Secondly, entrepreneurs and investors may look to take advantage of the state’s tax laws by purchasing property and establishing business-friendly Florida as their personal “home base.”

For professional advice on all aspects of buying or selling real estate, please contact me at aross@miamirealestate.com or (305) 206-4003 or come see me at the Compass office located at 2550 South Bayshore Drive, in Coconut Grove.

Homebuyers are Undeterred by Rising Interest Rates

Despite the recent increase in interest rates and the new tax hikes set in place at the end of 2017, home sales were higher than expected early this year, according to the National Association of Realtors. In the luxury home market sales were up 19 percent from a year ago.

Few Concerns from Buyers

With the prediction of interest rates increasing later this year, many buyers are interested in locking in rates now, which is causing a rise in demand for luxury housing. With a better job market and the possibility of mortgage rates increasing in the near future, buyers are in a prime position to make a purchase.

 Luxury Home Sales Increasing

Newly released data from the Miami Association of Realtors shows that in March the Miami luxury single-family home market posted gains of 10.3 percent year-over-year. This increase in sales and urgency from buyers means now is an opportune time to list a luxury property.

For professional advice on all aspects of buying or selling real estate, please contact me at aross@miamirealestate.com or (305) 206-4003 or come see me at the Compass office located at 2550 South Bayshore Drive, in Coconut Grove.