Being a broker of Sunny Realty and providing one of the most used resource for Miami real estate (http://www.sunnyislesmiamirealestate.com/) I’m often asked: “how’s (Miami) real estate these day?”. Unfortunately I can’t just answer this question simply – “good” or “great” or “better”. When I start to explain that Miami basically has the best and worst real estate in the country, people think I’ve gone nuts and trying to sell them a story. However, here is The New York Post recent article By ANDY WANG.

Summer was hardly a vacation for those in the business of selling Miami condos.

“I didnt go to St. Tropez because of this”, says developer Gil Dezer, whose Sunny Isles Beach condo projects include the 384-unit Trump Royale and the three-building, 813-unit Trump Towers.
Dezer reports that he sold more than $100 million in Trump units during June, July and August ($50 million alone in August, including a $29 million, 34-unit bulk deal). He has closed more than $1 billion in Trump condos overall and has only about 75 units left.

Recent Trump Towers Condos sales

have been priced at about $525 per square foot. Thats significantly less than the $1,000-per-square-foot contracts buyers walked away from in 2009 after the financial crisis hit, but Dezer, whos paid off the construction loans for all four buildings, seems satisfied. (Donald Trump participated in a ceremonial Trump Royale condo mortgage-burning ritual, lighting the document on fire himself, in January.) The downturn made the job challenging, Dezer says. Every day was a battle. But when youre winning, its fun.

Winning could also be used to describe the situation at Icon Brickell. That nearly 1,800-unit downtown colossus, built by the Related Group with designs by Philippe Starck, seemed to be in peril not long ago, and two of its three towers were deeded back to its lenders in May 2010. But Icon Brickell Condos now nearly sold out, with more than 1,500 units closing for a total of more than $700 million. When you factor in units in contract, only about 30 condos remain.

I think the market has consumed the inventory in a much more rapid way than I and probably everybody thought, says Related Group chairman and CEO Jorge Perez, who adds that most buyers have been foreign. The Latin American economy has been strong.

The forecast was that we would sell all the units in three years at an average price of $350 per square foot, says Edgardo Defortuna, president of Fortune International Realty, which started selling Icon Brickell apartments in June 2010.

Less than a year and half later, Fortune is almost done and seeing prices at about $400 per square foot.

Demand has been so strong that Perez is now building another downtown development. The 192-unit MyBrickell is a couple years away from completion, but Relateds received over 60 reservations for condos before officially launching sales. Unlike Icon Brickell, MyBrickell isnt on the water, and Perez is passing on the cheaper construction costs and the deal we got on the land to offer units, with interiors by Karim Rashid, for about $300 per square foot.

Defortuna, meanwhile, is now selling downtowns Paramount Bay, a 346-unit building resurrected out of foreclosure by owners iStar Residential and ST Residential. Musician Lenny Kravitzs Kravitz Design firm is working on the building, where prices are about $400 per square foot.

South Beach real estate

with significantly pricier properties, is seeing lots of action, too. The summer was uncharacteristically busy, says Lana Bell, president of Sunny Realty, which has an office in South Beach and Sunny Isles Beach. We certainly didnt take a vacation.

According to Sunny Realty latest Miami market report, South Beach condos sold for an average of $515 per square foot during the third quarter. But this factors in distressed properties, including units bought out of foreclosure.

At the markets top end, the W South Beach Hotel & Residences has closed about $260 million in condos at an average of $1,700-plus per square foot, developer David Edelstein says. The W South Beach sold more than $50 million during the summer. One penthouse went for $7.7 million, north of $3,000 per square foot, Edelstein says.

As with much of Miami, foreign buyers have been key at the W. (Douglas Elliman translated its market report into Spanish and Portuguese to spur international interest.) From May through September, about 65 percent of Edelsteins purchasers were foreign, and about half of those were from Brazil.

The allure of the W has helped nearby condo buildings lure in buyers, including those from New York.

Fashion designer Irina Shabayeva, who won season six of Project Runway, owns a one-bedroom with a balcony at the 52-unit Boulan South Beach development just south of the W, but on the other side of Collins Avenue.

I like the Boulan because it was so new, really fresh and modern, says Shabayeva, who primarily lives in the East Village. And its across the street from the beach and the W.

Shabayeva says she enjoys the New Yorker-friendly amenities at the W, which include a Warren Tricomi salon and a Mr. Chow restaurant. And Edelstein says that the Dutch, an outpost of Andrew Carmellinis SoHo restaurant, will open in the W by Thanksgiving.

Boulan, which has sold 22 condos and has one-bedrooms on the market for upward of $600 per square foot, is busy filling its own retail spaces, as well. An art gallery should open in time for Decembers Art Basel festival. A Mexican/Asian fusion restaurant and a nightclub are also in the works.

Neighborhoods all over Miami are getting big residential and retail makeovers. The 56-acre Midtown Miami developments second phase, which will start next year, will include a boutique hotel, a movie theater and 100,000 square feet of retail.

Well definitely have a fashion component, says developer Jack Cayre.

And the nearby Design District is getting a Louis Vuitton store.

There was probably a point in time here someone said, Whats Chelsea? or Whats Meatpacking? and eventually, they became a place because New York was ready to have another place, says Greg Masin, senior director at commercial real estate firm Cushman & Wakefield. When we look at the Design District and at Midtown, what we see is the evolution of the next place in Miami.

Plus, the downtown Metropolitan Miami developments third phase will include rental apartments and a Whole Foods Market. Plans for downtowns eight-block Miami Worldcenter site include residences, restaurants and retailers. And the Genting Group, an Asian casino operator, has unveiled plans for its $3.8 billion Resorts World Miami mixed-use complex. But the scope of the latter two projects will depend on approval for casino gaming, something thats the object of much speculation and uncertainty all over Miami.

Dezer says he has been talking to major Las Vegas casino operators about land he owns in Sunny Isles (13/ acres on the beach and 6/ acres directly across the street that hits the intracoastal waterway) that could accommodate a gaming resort with more than 2,000 rooms and 3 million square feet.

They’re both good real estate, Masin says of the Genting and Dezer sites. If they both had a casino, theyd both be successful.

Whatever happens, Dezer has options.

We originally bought [the land] to build condos, he says. We could build five condo buildings.

That idea would have seemed ridiculous in 2009, but now its more plausible.

Defortuna has sold out the 256-unit Jade Beach condo building in Sunny Isles Beach and has just three apartments left (for about $700 per square foot) at its 252-unit Jade Ocean sister property.

In terms of quality inventory, oceanfront, he says, you can make a strong argument that you need to start building now.

Originally published by ANDY WANG.

(c) 2011 The New York Post. Provided by ProQuest LLC. All rights Reserved.

Location, location, location is always the truth in real estate. While numerous areas of the Miami real estate market offer a variety of single family homes for individual buyers and investors, the properties that continue to remain the most attractive to buyers are those with waterfront views or direct waterfront access.

Available oceanfront, bayfront and Intracoastal lots between South Beach and Fort Lauderdale are growing in popularity among individual investors and developers. Vacant lots as well as homes ripe for teardown and reconstruction are both drawing the attention of local and international buyers. One of the most recent sales along this prominent coastline includes a two acre lot offering 200 feet of waterfront footage within the Miami Beach community which sold for $15 million. Miami waterfront properties are limited, and therefore always in demand. In addition to single family residences, Miami condos are also in demand along the coastal fronts.

South Beach real estate

has been on the rise in regards to luxury waterfront condo sales. There are many popular condos currently available for sale at great prices. Here is a short list of most popular newer construction buildings which are in demand on South Beach: Apogee Miami, both Continuum and Continuum II, <a href="http://www.sunnyislesmiamirealestate.com/South-Beach/Il-Villagio, Icon, Murano to name just a few.

“While the inventory has dropped in recent months, a variety of luxury condominiums still remain available along the desirable Miami coastline, including both new developer construction and prime resales,� said Lana Bell of Sunny Realty.

Of the 5,000 condos recently built in the Fort Lauderdale area, only 70 still remain unsold from the original developers. In the Hollywood and Hallandale beach areas, there are also just a handful of the available developer condo units still available for purchase.

What does this mean? Much of the available inventory has changed hands, from the developers to individual investors and buyers. This capital exchange has freed up funds developers need to begin new projects in the surrounding area. While developer properties have been selling strongly, new developments aren’t expected to pop up quickly. In fact, there is only one project currently slated to begin construction in the area. This project – Apogee Beach, is being developed by Jorge Perez and scheduled to break ground in early 2012.

While the future of new developments are unsure, Miami real estate experts suggest most of the developer attention will be focused on oceanfront or ocean view properties as opposed to downtown opportunities due to the consistent demand for these locations. After the recent market turmoil, many developers are sitting back, waiting to assess what their next move or next project will be.

Regardless of new developments in the area, which will certainly come, single family properties and condos are still in high demand along the Miami coastline, which is certain to remain strong over the coming years.

Victoria Park homes for sale

include a wide range of homes, many of which offer stellar locations and up to date features. Victoria Park, which includes the community of Victoria Isles, is a large area that offers a great number of options in terms of home styles and pricing. In the specific Victoria Isles portion of the city, which is more exclusive there are just 38 single family homes located on the Island on North Gordon Road. The entire region is to the south and east of the Fort Lauderdale city region, but it takes just a few minutes to get to the downtown area or to Las Olas itself.

Location is important. The homes at Victoria Park are located within minutes of other prominent areas as well, including Fort Lauderdale Beach. Some of the homes in this area are on the waterfront itself. This is usually off the canals located here. If you wish to live on the water, do keep in mind that some of the homes in the area have modern features, including docking or marina options. This means you are just a few minutes’ walk from the heart of the waterfront area. One of the added benefits of this location is that it is off some of the deep canals off the ocean. This means that your larger yachts and boats will have no trouble navigating the waters. There are no fixed bridges, either.

The community of Victoria Park

is welcoming and friendly. It has sidewalk lined streets that you can feel comfortable walking your pet on. The homes are spacious and beautiful, with many of them having modern amenities and renovations. Some of the homes or property areas are less modern and are priced based on their location. For those who are looking for an upscale neighborhood, within minutes of the waterway and waterfront, as well as numerous area attractions, this may be the ideal place to visit.

The Victoria Park real estate

is within minutes of all of the Fort Lauderdale benefits, including the beaches and boating, but also the area entertainment, shopping and restaurants. You will find spacious homes here, as well as smaller options. However, there is a community feel to the neighborhood.

Do keep in mind that Victoria Park is a well-priced region. It is full of luxury homes with some of the best décor and architecture available. In addition to this, you will find lush greenery, spacious landscapes and plenty of room to spread out. This is all just a few minutes from the main downtown region of Fort Lauderdale, too.

The Victoria Park house

is a great place to retire to, or to purchase your secondary home in. You may want to live here year round once you learn of all the area benefits available. For those who want luxury, well-priced properties that allow you to create the look and feel you are after, Victoria Park and the Victoria Park Isles may be the ideal place to look. Find out what fits your needs here.

Rio Vista Real Estate

could be one of the best options for buying a home if you want true Fort Lauderdale getaways. This region is a neighborhood of the Fort Lauderdale metropolitan area. It is near to the downtown Fort Lauderdale region, as well as to the neighborhoods of Las Olas and Fort Lauderdale Beach. Any of these communities can be an ideal place to live, but Rio Vista homes offer an additional benefits for those looking for an ultra luxury home away.

The community called Rio Vista includes the neighborhood of Rio Vista Isles. It is a popular location in the area, and one of the more affluent regions of the city. For those who are looking for a place to call home, whether it is all year or just when you want to, this area has plenty to offer. The neighborhood is close enough to all of the luxuries of Fort Lauderdale, including ll of the shopping, entertainment, restaurants and amenities. However, it is far enough away from the downtown area of the city to give you the feeling of seclusion and peace that you may be looking for.

There are several key benefits to choosing the Rio Vista homes to buy into rather than other areas in this getaway city.
· The neighborhood itself is unique because it is one of the few areas of the Fort Lauderdale region that has ocean access without fixed bridges holding you back. This means easy access to the ocean when you want it.
· In addition to this, if you are a boat owner, you will appreciate the deep canals and the wider access. Some of the homes are waterfront homes, which mean you could pull your boat right along your home and sail when you would like to do so.
· You have various waterfront home types. Some of the homes in Rio Vista are on the New River, others are on the Intracoastal Waterway and still others are on the Canals, giving you full access to the ocean.
The value of the homes here ranges widely. The values do range from a low of $500,000 up to $10 million or more. The location is prime and that is why prices are so high. In addition to this, the benefits of being on the water add value since you can accommodate enough mega yachts in some areas. When it comes to the community life here, you will find an upscale, modern residential area, with mostly single-family homes. You can walk your dog along the tree-lined streets or simply sit back and relax as you watch the waves come in.

The Rio Vista Isles homes

have been popular since the 1920′s and some homes do date to that time period. Other homes are much more modern or are renovated. You can find a wide range of cultural and architectural influences in the area, too. The Rio Vista region is desirable for most people, especially those who want an upscale, modern place to call home and access to the ocean or to the waterways for boating.

Ever Thought What’s It Like To Own a Home Directly On The Ocean?

Lauderdale Beach homes are located between East Sunrise Blvd and East Oakland Park Blvd, just off the main Ocean Blvd. However, what makes this location unique is that the homes in Lauderdale Beach are located directly on the ocean which makes it one of the most desirable neighborhoods, in the metropolitan area of Fort Lauderdale. Actually, there are only three areas in South East Florida where you can buy homes directly on the ocean: Lauderdale Beach houses, Golden Beach homes and Hillsboro Mile homes. All three areas above are considered the most desirable single family housing in South East Florida.

There are some important things about this neighborhood, besides the beach access, that make it a special location to call home.
· Either the homes here are directly on the beach or they are just across the street, or otherwise within walking distance of the Ocean. This makes these homes hot commodities.
· If you live here, you are able to take advantage of the gated community the neighborhood is in. In fact, there is constant police patrol available in the neighborhood as well. You can feel safe living here.
· The homes here are also nearby to many of the benefits of living by Fort Lauderdale, including the shopping, entertainment, sailing, and restaurants. You will be able to take in a show and get to and from the region on the major highways. All of this is within a few minutes of most homes in the area.
Look for homes here to be upscale and modern, at the highest price point. Those homes priced lower are often priced based on their location and their land value. You can still build a home here, too, in some cases, however land is limited for this type of project. Some of the homes do have added benefits, including guest homes, rental features and larger, landscaped yards. A variety of styles and sizes are available, too.

Lauderdale Beach homes for sale

are quite in demand. The community is peaceful and welcoming. You can walk your dog along the streets and feel safe while spending your evenings overlooking the water on your deck. Many of the homes here have modern upgrades and newer renovations, but this is not always the case. Consider all of the advantages of having your own home, located right on the Atlantic Ocean, where you can simply relax in the sand or go for a sailing adventure at a whim. These features make this location prime.

The new condo construction in Fort Lauderdale began in 1998 with one of the most beautiful complex L’Hermitage Tower I. Immedately after it was sold, the L’Hermitage Tower II went on sale in 1999. Thus the beginning of new condo construction began in Fort Lauderdale. However, like any other market, the Fort Lauderdale real estate market soon became overbuilt and oversold to investors. During the 2008/2009 crash, the Fort Lauderdale area market hit rock bottom. However, since the beginning of 2011 it’s been rebounding very quickly. As a result, currently there are only about 100 units available for sale in a newer ocean front condo in Fort Lauderdale. Most of the buyers are foreign investors although few started emerge from midwest US. Please see CNBC reported video below.

As reported on CNBC – Steven Gietl, an Austrian investor made a 30 percent profit on a 62-unit Fort Lauderdale condominium conversion nine months after buying the property in a short sale. “We took this opportunity because where else can you buy a building which is built, rented out, with basically no development risk? South Florida is a great place to do that.”

Gietl attributes the swift sales to the discount he got on the property in the first place: “We bought at a significant discount,” he said, “and could still sell below replacement cost to our investors.”

One Canadian couple that recently bought, termed South Florida a “candy land” because of the currency exchange rates and high rate of foreclosures.

The Brazilians love Fort Lauderdale and have been making cash purchases for condos as well as single family homes in Fort Lauderdale.

The Miami Association of Realtors just reported that the current inventory of pending home sales has increased nearly 15% from one year ago. While several attributing factors have been noted for the rise in activity, one prominent change has been the increase in foreign buyer interest in the area.

Total Contract Activity- May 2011

The total volume of pending sale listings increased in the month of May nearly 29% over the previous year. Increased pending sales are a strong indicator of future sales, as pending sales generally close within 1-2 months of initial contract signing. While Miami single-family homes are currently driving this increase, Miami condo sales have been holding their own.

Miami real estate experts

point to the dramatic increase in international buyers over the previous year for such promising gains. South Florida’s real estate market remains one of the strongest in the country. In addition to the Florida marketplace, foreign buyers are driving activity in California, Texas and Arizona.

International Buyer Activity

According to the National Association of Realtors, the surge of foreign money into the U.S. real estate market surged by $16 billion in 2011, representing a 24% increase over 2010. The U.S. continues to retain the strongest international real estate interest among buyers. While the U.S. has always seen strong foreign interest, the increased inventory and lowered prices have caused an increase in purchasing activity. Foreign buyers are also taking advantage of favorable exchange rates, allowing them to take advantage of even greater property savings. With reduced pricing and favorable monetary conversions, foreign buyers are getting nearly double the discount on their purchases.

In addition to permanent international residents purchasing properties, many executives working within the U.S. on a temporary basis have been opting to purchase properties over renting, traditionally done in the past, due to the current pricing making the option more affordable.

Another contributing factor to foreign investment in U.S. real estate is the influx of international students seeking a college education. Many foreign families are purchasing properties for their children during their attendance.

Miami real estate

as well as sales of existing condos in the Miami metropolitan area rose 46 percent in May, 2011 compared to the same period in 2010, according to data from the Miami Association of Realtors. There were a total of 1,420 condo sales last month, up from 972 in May 2010. Miami single family home sales also showed an increase, jumping 20 percent to a total of 875 sales last month.

Most of Miami condos

are purchased by International buyers who continued to dominate the Miami real estate market, with 60 percent of closed residential resales last month transacted by foreign buyers, who also bought a staggering 90 percent of new construction sales. “The current performance of the Miami market is exceeding expectations,” said Jack Levine, Chairman of the Board of the Miami Association of Realtors.

In fact, the volume of Miami home sales rose, continuing a record-setting pace. However prices are still on the decline, although there are signs of stabilization. This logic-defying housing market phenomenon continued to embrace interesting trend lines in May of 2011 — Miami condo sales soared, slashing down the inventory even further, but overall prices fell once again. Furthermore, local sales are increasing while the national market slumps, but local prices are falling faster than the national average.

Here is a full story from Miami Herald – http://www.miamiherald.com/2011/06/21/2277801_p2/south-florida-real-estate-paradox.html or you can read it below:

The region’s real estate narrative is also at odds with traditional market economics. The coexistence of shrinking supply, rising demand and falling prices has left analysts with a number of questions: How long can this frenzied sales pace —fueled by Latin American and cash investors’ appetite for discounted real estate — continue? With inventory shrinking rapidly, when will the strong sales activity translate into price stability and appreciation, as market economics dictate? How large is the “shadow inventory,� and how will those unlisted bank-owned homes affect the recovery?

In Miami-Dade, there were 875 sales of existing single-family homes and 1,420 condo sales, increases of 20 percent and 46 percent from last May, respectively. Compared to April, home sales were up 5.4 percent and condo sales were up 1.1 percent.

In Broward County, 1,142 single-family sales and 1,537 condo sales represented increases of 6 percent and 14 percent over last May, respectively.

In the first five months of the year, more than 23,000 homes and condos have traded hands in South Florida, one of the strongest five-month runs on record. Nationally, 2011 has been a poor year for sales, with double-digit declines nearly each month.

South Florida’s rapid sales pace has helped reduce the region’s housing inventory, which has gone from severely bloated to suddenly lean over the last couple of years.

There are now 31,659 homes and condos for sale in Miami area, down from 61,755 in May 2009.

The crucial “months-of-inventory� figure has slimmed to 7.2 months in Miami-Dade and 5.5 months in Broward, both down to a fraction of their peaks. Economists say that six months of housing inventory is indicative of a healthy market.

So why hasn’t the shrinking supply of homes led to price stabilization?

“We have a whole bunch of pent-up supply,� said William Hardin, professor of real estate and finance at Florida International University . “There’s a squeeze play going on because no one is going to sell a house in today’s market unless they have to.�

The majority of homes that are selling are under distressed circumstances —either a Miami foreclosure sale, or a short sale that doesn’t cover the cost of the mortgage. Those properties — popular among cash investors and foreign buyers — sell at deep discounts, dragging down overall prices in the market.

In the single-family market, May 2011 median prices fell 8 percent to $180,200 in Miami-Dade. Broward suffered a particularly large decrease, with single-family prices falling 17 percent to $188,500.

There are some signs that prices may be beginning to stabilize, specifically in the condo market, where sales have been the most rapid.

In Miami-Dade, median condo prices slipped just 1 percent, to $124,300. In Broward County’s condo market, there was a 9 percent year-over-year increase, with median prices reaching $80,400.

Year-to-date, median prices are up across the market: Miami-Dade condos (36.2 percent), Miami-Dade single-family homes (19.4 percent), Broward condos (16.5 percent) and Broward single-family homes (14.2 percent). While prices are up since January, the year-over-year figures provide a more reliable barometer of values, since they compare the same time periods in the region’s seasonally driven market. It’s too soon to say if sustained appreciation is here to stay, although industry insiders are pitching that message.

But even as South Florida’s market looks to rebound from its worst bust in history, a number of troubling issues threaten to drag out the recovery.

However, two of the factors that normally support a healthy housing industry — a strong job market and significant home equity — are painfully absent in South Florida. In Miami-Dade County, unemployment sits at record high 13.4 percent. Nearly half of all South Florida homeowners with mortgages owe more on their homes than the current value, one of the highest underwater rates in the country.

Stricter lending standards have made it difficult for many potential buyers to obtain a mortgage. In May 2011, 60 percent of home sales were completed without a mortgage as all-cash investors.

Las Olas Isles real estate

is a neighborhood in the Fort Lauderdale region of Florida. It is a city on the beach, with numerous homes there offering beachfront access. If you are looking for homes for sale in Las Olas Isles, you will find an upscale community with plenty of benefits, including its location, home options and its stellar views of the water. Located in the Fort Lauderdale metropolitan area, this neighborhood has a variety of styles of homes available to choose from, though many are trendy, and modern single family homes.

The homes in Las Olas Isles

are directly off Las Olas Blvd. This gives these homes ocean access but there are no fixed bridges in the way. You do have access to wide and deep canals on many of the streets, making this the ideal home for those looking for a relaxing, waterfront community they can bring their boat right up to. The homes in the neighborhood are located on several waterways, including the Intracoastal Waterway, the New River and on the Ocean Access Canals. Any of these provides you with the ability to relax and unwind right at the banks.

The homes in this region range in price from $900,000 on up to $15 million, in some cases. This is a prominent region where many purchase second homes or investment property to enjoy in the offseason, or to live in all year round. Many of the lower priced homes in the region are single-family homes, valued highly due to their location rather than their features. Some need renovation while others do not. The higher end homes in this area are quite modern and upscale, priced according to the demand for the area.

Why should you buy homes in Las Olas Isles in Fort Lauderdale?

There are many reasons to do so, but the region is popular for its waterfront access primarily. In addition to this, the neighborhood has prime access to the ocean beaches, to local shops and entertainment, numerous restaurants and some of the fastest access to the ocean itself. For those that need it, the 17th Street Causeway is the easiest way to access these homes, and it just about two to five minutes from the area. Even larger yachts can be accommodated at some of these homes.

In terms of the community itself, Las Olas Isles offers a suburban, modern living area, with walkable streets and friendly neighbors. You will find many areas are lush and green, while other areas are very upscale and modernized. With spacious yards and some homes on double lots, this may be the ideal home for many looking for a getaway of the best kind.

Las Olas Isles

is a friendly community with all of the modern perks and yet maintains its charm and quiet class. You will find a range of home styles to buy from, including many homes located near the heart of the city. Moreover, all of this is only a few minutes’ drive from Fort Lauderdale’s city limits itself.

Hillsboro Mile homes

are located in the heart of Florida’s most pristine coastal region. If you are looking for a home for sale in Hillsboro Mile this area, know that you will find luxury homes, top of the line features and amenities and some of the most amazing views of the Atlantic Ocean possible. Hillsboro Mile is located in a prime location for those who want to be on the water, and that often means a range of key benefits to those moving here, including access to boating areas, marinas and far more. For a home away from home, or a retirement home (even if you are nowhere near retirement age) this region is idealistic.

The neighborhood of Hillsboro Mile is about 20 minutes just north of Fort Lauderdale’s city, in the city of Hillsboro Beach, right on the beach. Actually, it is on both the Atlantic coast as well as the Intracoastal Waterway, giving you the ability to find waterfront homes on the ocean as well as on this waterway. In some cases, the homes offer plenty of docking space and the ability to walk right along the water. This neighborhood is small, though, which gives it that peaceful charm so many are looking for in a true getaway home.

An interesting fact about homes in Hillsboro Mile is that there is only one road, State Highway A1A, which is also known as Hillsboro Mile. In some cases, it is called AIA Mile or, due to the luxury homes in this prestigious region, Millionaire’s Mile. Any home here is well worth looking at if you want perhaps the very best location for a destination home.

If you are looking for a single family home, the only options lie on Hillsboro Mile itself. More so, any home that is on Hillsboro Mile is on the oceanfront. Homeowners here may have some of the most spacious homes, tucked along the greenery and the clear, blue waters of the ocean.

Here are a few things you should know about Hillsboro Mile, in Fort Lauderdale, Florida.
· Because of its location, those who are boaters will benefit the most from homes here. Many homes have private docking areas.
· The area is quite upscale. It is unlikely you will find homes that are smaller, or that do not have modern upgrades, though some may be available nearby.
· You will find everything you need nearby. This includes shopping, restaurants, a variety of attractions and all of the features of Fort Lauderdale itself, just minutes away. However, you are far enough away to benefit from the peace and quiet this neighborhood can offer.

Less in the tourism region of the city and more in the upscale, spacious region of the Fort Lauderdale metropolitan region, Hillsboro Mile is the go to destination for those who want luxury on the water. You can check out all of the current homes for sale in Hillsboro Beach, including along Hillsboro Mile and find one that is just right for your specific tastes and needs.