AMG International Realty

Miami is an incredible city for both leisure and investment. In addition to beautiful beaches and pleasant weather all year round, the city offers great restaurants, cafes, museums, parks, shopping malls and several other entertainment options.

Miami Real Estate has undergone several transformations since the post-subprime real estate boom. At that time, in 2010, a cycle of demand for high-end luxury homes began. Many global investors started buying expensive oceanfront condos for sale in Florida back that time. This cycle prevailed until 2016. Although today the demand for Miami Luxury Real Estate is still high, a new cycle also emerges where properties for income start to gain prominence. People are looking now for Condos for sale in Miami that allows Short-Term Rental. 

Miami Luxury Homes for Sale in Florida and the new demand for Short-Term Rental projects

At the same time that Miami offers noble and elegant neighborhoods, such as Sunny Isles Beach, with its high standard condos for sale facing the ocean (Ex .: Porsche Design Tower), other central neighborhoods with an urban atmosphere are now offering opportunities that allow rentals with no restrictions. We are talking mainly about Downtown and Brickell. Another neighborhood that is also beginning to feel this influence is Aventura. Nowadays Aventura Real Estate offers very little condos for sale that allows short-term rentals. Aventura Yacht Club is the most famous. Aventura is beginning to attract more investors, offices and commercial developments. The area will even receive a Virgin Train Station. 

New condos for sale in Miami that allows Short Term Rental

The practice of short-term rentals has never been highly regarded in Miami and has always suffered from strict rules by the authorities. However, in recent years, some developments in downtown Miami have been launched by developers. They are YotelPad, Natiivo and Legacy. YotelPad was the first of this wave of three and is already 100% sold-out, less than a year after ground-breaking. Natiivo was widely commented on in the Miami real estate sector for being the first project powered by Airbnb, that is, the online platform entered as a developer. The entire format of the condominium is designed to make short-term rentals practical and profitable. Natiivo is already 70% sold-out and it is expected that there will be no more units available this semester.

The third project, Legacy Hotel & Residences, is located within the mega development Miami World Center, one of the largest mixed-use projects in the United States. Units are in high demand by global investors.

This new trend that brings together Miami Real Estate projects in mixed-use environments and with permission for short-term rentals meets a demand from investors who want income from the property. The city of Orlando, for a long time, offers this type of real estate development. The so-called Vacation Homes, which are Orlando homes for sale close to Disney, allow rent without restrictions with minimum returns of 6% per year. In fact, many launchers guarantee a minimum return of 6% per year for the first two years.

Miami, until recently, did not offer this property profile. With the change in investor behavior, which began to seek rent income, the city of Orlando began to rival Miami. It didn’t take long for developers to start launching projects with this profile in Miami Real Estate as well.

Both Miami and Orlando are excellent markets, whether it is to buy luxury properties or to invest and earn rental income.

For those interested in earning rent, AMG Realty offers the complete rental management service. The owner does not even need to speak to the tenant. Simply designate an account to receive the rental revenues collected.