Miami is known for its art deco buildings especially along Ocean Drive and Collins Avenue in the South Beach section of the city. The now trendy and fashionable South Beach district was once a run-down, seedy, and crime-filled area. South Beach ultimately saw a resurgence that has made it one of the most expensive commercial areas of Miami. The diversity of tourists and residents from Latin America, Europe, the Caribbean, and other parts of the world has made this area the linchpin of luxury real estate. Numerous exclusive condominiums, hotels, shops, and restaurants line the main thoroughfares of Miami Beach.
Miami Beach luxury real estate continues to draw the well-heeled to the exciting and trendy areas of Miami Beach. Those drawn to the area come because of the luxurious real estate offerings, privacy, and for the superior offerings that can’t be found elsewhere in the area.
One of the most exclusive sections of the area is actually a separate island from the main island on which Miami Beach is located. Fisher Island began as the result of dredging that created the island in 1905. The first construction occurred in 1919 and up until the 1980′s was the home to a few select wealthy individuals. Today the island is home to many famous celebrities such as Oprah Winfrey, Andre Agassi, Julia Roberts, and Boris Becker. It has numerous mansions, luxury apartment buildings, a country club and observatory. The inaccessibility and privacy of Fisher Island helps to make Fisher Island a very desirable facet of luxury real estate.
Another desirable neighborhood that is also a separate island is Star Island. Also home to many celebrities such as Shaquille O’Neal, Madonna, Will Smith, and Gloria Estefan. Star Island has cachet because of the many celebrity owners and multi-million dollar luxury homes. Access to the island is only via the guard house entrance. Another secured Miami Beach enclave is Palm Island. Like Palm Island, it has a secured entrance and offers luxury homes for the upper middle class and rich.
One of the newest areas of Miami luxury real estate is the area known as Millionaires Row along Collins Avenue in Miami Beach. Many new high rise luxury condominiums and resort hotels are found along Collins Avenue. These residences are desirable because of their view of the ocean as well as the Miami skyline across Biscayne Bay. They also offer access to the prime shopping, nightclubs, and restaurants that are found along Collins Avenue and Ocean Drive.