New Yorkers head to Miami year-round because it's just a quick flight to enjoy sunny weather and sandy beaches. Now, many New Yorkers are making a permanent move to the city for its affordable real estate and low cost-of-living.
You’ll get more space for your money compared to NYC and many condos have a balcony, wall of windows, parking spaces, and luxury amenities. Another benefit: Floridians don’t pay personal income tax—and the cost-of-living is less than half compared to New York City.
Downtown Miami has seen a boom in high-rise condo buildings and there are many luxury hotels with condo residences where you can enjoy hotel amenities. If you’re in the market for a luxury condo, you can find a deal right now, because the average sales price for luxury condos in the area dropped from just over $3 million to around $2 million in May, as reported by The Real Deal.
There’s more than sunny weather and affordable condos in the area. Some of the city’s best restaurants are around, like Fooq’s for Middle Eastern fare, Il Gabbiano for Italian, and Mignonette for fresh seafood. Popular cultural destinations like Pérez Art Museum, Freedom Tower, and Phillip and Patricia Frost Museum of Science are also in the area. And, Miami Beach is only an 18-minute drive away.
So, if you want to give South Florida living a try, check out these condos for sale in Brickell, Edgewater, and downtown Miami.
1300 South Miami Ave., #3903, Brickell
This one bedroom, two bath is asking $535,000. The condo features panoramic views of Miami’s skyline and the ocean—plus a private balcony, wall of windows, one garage parking spot on the eighth floor, tiled floors, and a modern kitchen with stainless steel appliances. Located in the SLS Brickell Hotel & Residence, amenities include a rooftop pool, spa, fitness center, and hospitality services. Simpson Park is a 10-minute walk away and nearby restaurants include Coyo Taco and Gyu-Kaku.
1717 North Bayshore Dr., #A-3534, Edgewater
This two bedroom, two bath is asking $649,000. The renovated condo has views of Biscayne Bay, Miami Beach and Port of Miami. There’s marble floors, a wall of windows, wraparound balcony, an in-unit washer/dryer, and the kitchen has stainless steel appliances and a breakfast bar. Located in The Grand, amenities include concierge services, a marina with boat and jet ski rentals, heating swimming pool, fitness center, and restaurants like Tony Chan’s Water Club on the ground-floor. Margaret Pace Park and Pérez Art Museum are nearby.
465 Brickell Ave., #1502, Downtown Miami
This two bedroom, two bath is asking $815,000. Apartment #1502 has double-height ceilings, white porcelain flooring, a balcony, walls of windows, a parking space, and central air conditioning. The kitchen has stainless steel Wolf appliances and dark wood cabinetry. Amenities including a spa, gym, pool, restaurants, and billiard room are located on the same floor as the apartment. Brickell Point Park is nearby, where you’ll find Miami Circle, a National Historical Landmark.
495 Brickell Ave., #1001, Downtown Miami
This three bedroom, two bath is asking $1,240,000. The corner unit features marble and hardwood flooring, walls of windows, walk-in closets, an in-unit washer/dryer, and a balcony facing Biscayne Bay. Both bedrooms have a wall of windows, ceiling fan, and large closet. Amenities include a theater, party and billiard room, gym, spa, and infinity pool. Nearby restaurants include Cipriani and The Capital Grille.
200 Biscayne Boulevard Way, #4802, Downtown Miami
This three bedroom, four bath is asking $2,299,999. Apartment #4802 has 10-foot-high ceilings, limestone flooring, walls of windows, solar shades, central air conditioning, two parking spaces, and multiple balconies facing Biscayne Bay. The kitchen has stainless steel appliances, a dishwasher, ice maker, and a breakfast bar. Located in The Epic Hotel, amenities include a private pool, gym, and spa. Bayfront Park is a nine-minute walk away. Wolfgang’s Steakhouse, Silverspot Cinema, and Whole Foods are nearby.
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