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Market Trends & Local Development

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Miami’s Edgewater Experiencing Luxury Boom
March 2024 / Forbes

Miami-Dade ranks as highest-performing US hotel market
February 2024 / The Real Deal

Miami sees surge in short-term rental growth surpassing traditional condo developments
February 2024 / The Real Deal

Miami kicks off the year as the hottest rental market in the U.S.
March 2024 / Rent Cafe

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Forbes / 2024

Everywhere one looks in Miami, change appears swiftly underway. Some astute observers might argue the evolution is most evident in an enclave called Edgewater, located directly on the Biscayne Bay waterfront between North 37th and North 17th Streets, near Miami Beach, the Design District, Midtown, Wynwood and Downtown.

Edgewater has rapidly soared to the top of the list of Miami neighborhoods showcasing the hottest and most exclusive condominium developments in the city.

Lucrative Investment Opportunity

Investing in real estate in Edgewater is a smart financial move due to the increasing property values. The neighborhood has experienced significant growth over the years, making it an attractive market for both homebuyers and investors.

 

By purchasing property in Edgewater, individuals have the potential to reap substantial returns on their investment as property values continue to rise.

The VIDA Flexshare Lockoff option provides owners with options to enhance their investment.

Jeff Zalaznick, founding partner of Major Food Group, summed up the feelings of many in concise terms. “Edgewater,” he says,
“Is Miami Design District’s Riviera."

Why Invest in Edgewater Miami?

Given its prime location, family-friendly atmosphere, and flurry of new, more luxurious condo developments coming to this bayfront neighborhood over the next couple of years, Edgewater, Miami makes for a great investment opportunity. In terms of real estate, Edgewater is a rather young neighborhood, as it is currently being built up with luxurious new additions

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Add to that luxury condo prices that are at an all-time high and still reporting gains, this largely residential neighborhood has huge investment potential for first-time buyers to second-home seekers.

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Short-Term Rental Inventory and Performance

Airdna, a renowned provider of short-term rental data, reports that there are currently 6,742 active short-term rentals in Miami Beach. These properties cater to the steady stream of visitors that flock to the city throughout the year.

Additionally, the occupancy rate stands at a commendable 56%, indicating a consistent demand for accommodations. The annual revenue generated by short-term rentals in the area is estimated to be $63,100.

Average Daily Rate  Edgewater Miami

The median ADR for the market is $420.30. The Average Daily Rate is the highest for 7-bedroom homes ($707) followed by 6-bedrooms and 5 bedrooms at $650 and $592 respectively.

AVERAGE

DAILY RATE

$420

OCCUPANCY

RATE

76%

ANNUAL

REVENUE

$116K

USA ORIGINATIONS TO MIAMI

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OVERSEAS ORIGINATIONS TO MIAMI

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VIDA OFFERS LUXURY HOTEL FEATURES AND AMENITIES  

2024 PROJECTED HOTEL RENTALS
Edgewater Miami

OCCUPANCY

(low season)

72%

$357.00

OCCUPANCY

(high season)

83%

$452.00

With a seasoned hotelier managing your unit, the path to monthly returns has never been smoother.

Owners real-time opportunity calculator:

VIDA RESIDENCES

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Edgewater Miami Real Estate:

Top reasons to invest

1.) It’s not just the breathtaking scenery that makes Edgewater a hot spot for real estate investment. This rapidly growing and developing area is experiencing a surge in popularity, attracting both residents and investors alike. With its close proximity to Downtown Miami and Miami Beach, Edgewater offers easy access to world-class dining, entertainment, and cultural attractions.

 

2.) Proximity to Attractions and Parks

Just minutes away from the Adrienne Arsht Center for the Performing Arts, Edgewater Miami offers a central location that provides residents with easy access to a vibrant arts scene. This renowned performing arts center hosts an array of world-class productions, including theater performances, concerts, and ballets.

3.) Dining, Shopping, and Culinary Scene in Edgewater

Edgewater Miami is not just a perfect place for real estate; it also offers an incredible dining, shopping, and culinary scene. Whether you are a foodie or a shopaholic, this vibrant neighborhood has something to offer everyone.

4.) Arts, Culture, and Community Engagement in Edgewater

Edgewater is not just a prime location for real estate; it is also a hub of arts, culture, and community engagement. With numerous art galleries showcasing local talent, residents can immerse themselves in the vibrant artistic scene right at their doorstep.

5.) Investing in real estate in Edgewater is a smart financial move due to the increasing property values. The neighborhood has experienced significant growth over the years, making it an attractive market for both homebuyers and investors. By purchasing property in Edgewater, individuals have the potential to reap substantial returns on their investment as property values continue to rise.

Far And Above Your Average Short Term Rental

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