There are a number of factors that are contributing to the growth of the real estate market in Edgewater. First, the neighborhood is in a prime location, just minutes from downtown Miami and South Beach. Second, it is a very walkable and bike-friendly neighborhood, with easy access to public transportation. Third, Edgewater is home to a number of new and upcoming development projects, including residential towers, shopping centers and office buildings.
The future of real estate in Edgewater is expected to be very strong. The neighborhood is well positioned to attract new residents and businesses, and the real estate market is expected to continue growing in the coming years. Here are some of the trends expected to drive real estate market growth in Edgewater:
• Increased demand for luxury homes: Edgewater is becoming a popular destination for buyers and investors. As a result, demand for luxury housing in the neighborhood is expected to increase in the coming years.
• Growing popularity of urban living: More and more people are choosing to live in urban areas like Edgewater. This trend is expected to continue in the coming years, as more and more people are attracted to the amenities and services of urban living.
• Development of new transportation infrastructure: The development of new transportation infrastructure, such as the Brightline high-speed rail system, is expected to make Edgewater even more attractive to residents and businesses.
• Limited land supply: Edgewater is a relatively small neighborhood with a limited supply of land available for development. This shortage is increasing the value of real estate in the area.
• Strong demand from buyers and renters: Edgewater is a popular destination for both buyers and renters. Buyers are drawn to the neighborhood’s central location, stunning views, and abundance of amenities. Renters are attracted to the neighborhood’s affordability and proximity to jobs, schools and transportation.
• Government Investment: The City of Miami is investing heavily in infrastructure and other improvements in Edgewater. This investment is making the neighborhood even more attractive to residents and businesses.
Some of the more notable real estate projects taking place in Edgewater include:
• One Paraiso: A 53-story condo tower currently under construction. It is expected to be completed in 2024 and will offer stunning views of Biscayne Bay and the Miami skyline.
• Paraiso Bay: A two-tower condominium complex that was recently completed. It offers residents a variety of amenities, including a rooftop pool, fitness center, and spa.
• Edgewater Four: A four-tower condo complex currently under construction. It is expected to be completed in 2023 and will offer residents a variety of amenities, including a rooftop pool, fitness center and tennis courts.
• Cove Miami: A luxury development located in Edgewater, offering unique boutique living with direct water views. Designed with privacy in mind, this development aims to provide residents with exceptional, tranquil, boutique living in just 116 residences. It is expected to be completed in 2026.
• Biscayne Beach Tower, a 70-story condominium tower expected to be completed in 2025. The Biscayne Beach Tower will be one of the tallest condominium towers in Miami and will offer stunning views of Biscayne Bay and the city skyline .
In addition to these large-scale projects, there are several smaller real estate developments underway in. These developments include boutique hotels, mixed-use buildings and townhomes.
Edgewater, a neighborhood surrounded by entertainment, restaurants, art, and megayachts, among many other activities and venues, offers a promising opportunity for real estate investors. With over 23 developments and over 5,000 residences set to reshape its landscape over the next 5 years, Edgewater’s appreciation potential is evident.
Overall, Edgewater offers a dynamic urban living experience with its modern architecture, waterfront location, and proximity to downtown Miami. It has quickly become a sought-after neighborhood for those seeking a combination of luxury, convenience, and a vibrant lifestyle.
This promising neighborhood has already attracted the attention of investors due to its privileged location and stunning sea views. The influx of new developments will improve the area’s overall appeal and increase property values. As a result, investing in Edgewater promises significant returns and long-term growth potential.
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by CEDOC
