If you want to generate high returns on your investments in a place with no state income taxes, you must consider investing in Miami condo investments with projects that have no rental restrictions in Miami. Why? Because the demand for short-term rentals is increasing rapidly in the city due to Miami being a highly popular tourist destination in the world. Plus, reports suggest that the occupancy rate in the city was more than 80 percent back in 2020! Can you believe it? So, what are some of the projects that you can invest in in Miami?
Today, I am going to tell you about the top 6 Airbnb projects in Miami that you should consider investing in. Let’s get into it.
Photo Credits: Lofty Team
This new residential tower has all the amenities from spectacular interiors to excellent views. And the best thing about this project is that it allows owners to do short-term rentals. Now, you might ask, Sharon, why do we need to invest in such projects that allow owners to do short-term rentals?
The simple answer is more profit. You see, when you are investing in such a project, you are able to generate DAILY rental income by listing your property on short-term rental platforms such as Airbnb and Booking.com. And given the fact that tourism in Miami is skyrocketing and millennials reportedly prefer short-term rentals over hotels, investing in such projects is indeed worth it.
Now, coming back to Lofty, it is a purpose-built project designed by the well-known firm, Arquitectonica, with dramatic views of the Miami River as well as the Brickell skyline. Located in the heart of Miami, Brickell, Lofty will be in a place where business happens in the south. Here, it is important to note that there are more than 1400 multinational corporations situated in Brickell, ranging from celeb restaurants to world-class shopping malls. Now that we are confident that the location is excellent, let’s talk about the building itself.
Photo Credits: Lofty Team
The building will be divided over 43 stories, feature a private marina, and will have 400 square feet on the river. The ground floor will feature floor-to-ceiling windows, with services including 24-hour valet service, 24-hours front desk attendant, and a 5-star riverfront restaurant. Plus, there will be Lofty Car service exclusively for owners. The second level is filled with high-class amenities such as a spacious lounge, a social club, a co-working lounge area, game areas, and private meeting rooms.
Photo Credits: Lofty Team
On top of that, the 9th floor will come with a resort-style swimming pool, a state-of-the-art gym, a yoga studio, locker rooms, steam rooms, a sauna, and a juice bar. Simply put, the ninth level will be the place where you go to relax your mind and body after a long day. And the amenities don’t stop here. When you reach the rooftop, you will find yourself surrounded by an infinite edge pool, a balcony offering 360-degree breathtaking views of the river, and lounge sitting areas. All in all, it will be the epitome of luxury.
Photo Credits: Lofty Team
Talking about the residences, they will be delivered fully furnished with panoramic views of the Miami River. Features include private balconies, floor-to-ceiling windows, closets, premium hardware and top-of-the-line appliances in kitchens, and energy-efficient units. Lofty will also have a limited penthouse collection of endlessly elevated residences defined by life at the top, spacious and soaring, with extensive water views designed by Artefacto. The luxury building will be completed by 2024. And if you don’t want to wait until 2024, I have another excellent project that will be completed earlier.
Photo Credits: The Elser Team
Investing in the Elser Hotel and Residences means that you will be able to start generating revenue instantly. The project was slated to be launched between August and September of this year. Now, it is a 49-story tower located in the most magnetic place in the city, Downtown Miami. And let me tell you that there are more than 10 billion dollars being injected into Downtown Miami in the form of investments in new developments, hotels, commercial properties, etc., which means that we have got the right location. Coming back to the Elser Hotel and Residences, it is situated right in front of the well-known Bayside and FTX Arena. The developer of this project is none other than the Greybrook Partners and PMG, who are involved in more than 150 projects across the country.
Photo Credits: The Elser Team
This is the same company that developed Cotofana Designs, Waldorf Astoria, and Sieger Suarez Architects. Talking about the building itself, it features 646 luxury residences, along with Café Domino on the ground floor, co-working spaces on the 2nd and 3rd levels, and commercial spaces, a gym, pool, a deck, a yoga room, and sky bar on 10th, 11th, 12, and 13th levels. From the 14th level, residential spaces start. Since we are talking about luxury short-rental projects, let me tell you that the amenities at this building include dry cleaning and laundry service lockers, valet parking, a fitness studio, a cocktail bar, a lawn with a theater, a temperature-controlled swim spa, and much more.
Photo Credits: The Elser Team
And did I tell you there is an electric vehicle charging station, as well? One important thing you need to note here is that the residences are divided into 4 collections, including the Atelier collection from the 14-20th floor, Boheme Collection from the 21-36th floor, Haute Collection from the 37-46th floor, and Penthouses on the 47th floor.
Photo Credits: The Avenue Team
For those looking to invest in the Coral Gables area, the Avenue is the best option. Why? Because it is the only short-term rental project in the area. And why should you invest in a property in Coral Gables? Because the area is considered one of the top tourist as well as residential destinations because of its tree-lined boulevards, Mediterranean-styled properties, historical sites, etc.
Photo Credits: The Avenue Team
Talking about the building itself, it is located close to the transport hubs, such as the Miami Metrorail, US1, and Le Jeune Road. Located right next to the Shops at Merrick Park, the building is being supervised by the Roger Development Group, a company that has an experience of 65 years in US real estate development. The luxury building will be divided into 11 stories, featuring 54 residences and penthouses.
Some of the worth-mentioning amenities include 24-hour security, cutting-edge green building technology, hi-speed Wi-Fi, huge dining areas, a state-of-the-art resort-style pool deck that comes with poolside lounge chairs and daybeds, an outdoor rain shower, and a Hammock garden, where owners can relax. And lastly, it will be completed in 2024. If you want a “double play” investment move, in The Avenue you could also have the possibility of purchasing a commercial space to rent it out to business owners since the first floor will have commercial spaces.
Photo Credits: Vida Residences Team
If you are looking for something on Edgewater in Miami, Vida Residences is the project for you. For those who do
n’t know, Edgewater is a coastal section of mainland Miami. And Vida Residences is the first project in the area that is approved for short-term rental platforms like Airbnb. The building features 121 residences over 9 stories. There are Studio apartments as well as 1-3 bedroom apartments.
Photo Credits: Vida Residences Team
A studio apartment has a living space of 347 to 420 square feet while the living space ranges from 400 to 1780 square in the case of apartments. Just like any other project on our today’s list, Vida Residences also has a plethora of amenities, ranging from a massive rooftop tranquility pool- that has a Jacuzzi, cabanas, and grilling stations-, a private rooftop restaurant and a bar, a fitness center, a massive spa, a coffee and juice bar, and, of course, a co-working space.
Photo Credits: Vida Residences Team
One thing I like about this project is that the owners will have the freedom to leave the management to the hotel program, hire a third party, or do it themselves. The construction will start in 2023 and will be completed by the first quarter of 2024.
Photo Credits: 600 Miami Worldcenter Team
Next up on our list is the 600 Miami Worldcenter, one of the hottest projects in the heart of Downtown Miami. Residents at this building will have easy access to FTX Arena, the Miami Opera, Miami Beach, Bayside Marketplace, and the Perez Art Museum and hey, the massive Miami Worldcenter. When we mix the no rental restrictions of the project with the location that gets more than 10 million visitors every year, we get a real estate investment gem like the 600 Miami Worldcenter.
Photo Credits: 600 Miami Worldcenter Team
Amenities in the building include hair salons, nail bars, ice cream shops, corner restaurants, and much more. Another major reason to invest in the project is that the fully-furnished residences are carefully curated by The Design Agency, an award-winning firm in the design niche. It will be a 33-story building, featuring 574 residences of studios and 2-bedroom apartments. Each residence will feature floor-to-ceiling windows, private balconies, kitchens with Italian cabinetry and counters, innovative household appliances, integrated refrigerators and dishwashers, and top-of-the-line washers and dryers. Other worth-noting amenities include 24/7 valet service, assigned parking spaces, a media room, and a state-of-the-art fitness center that will feature indoor gym and yoga areas. The project is slated to be launched by 2026.
Photo Credits: NoMad Residences Team
Now, we are talking about the newest luxury project from the well-known Related Group. And believe me, we are talking about one of the best investment opportunities in Miami. It is located at WYNWOOD, one of the hottest locations in the city. We have already seen NoMad residences in Las Vegas, New York, and London. And I am pretty sure that NoMad Residences- Wynwood, will be another massive success. I mean, it has all the necessary ingredients for an excellent and well-performing real estate project.
An excellent location, a well-known developer, and all the amenities you can think of. Now, let’s talk about some of the features of the building. On the rooftop, there will be a NoMad restaurant as well as a bar with separate elevators, a full-service pool, a sun deck, and cabanas. 24-hour building security, 24/7 valet parking service, two expansive lobbies, retail spaces, a grilling area, outdoor cinema, state-of-the-art co-working spaces, dedicated check-in services, and a top-tier wellness center, which comes with a dedicated outdoor fitness lawn, are some of the worth-noticing features of the building. With that being said, let me tell you about the residences.
Photo Credits: NoMad Residences Team
There will be a total of 329 residences that will be delivered fully furnished to the owners. Seventy residences will feature 2 bedrooms while 161 will feature one bedroom. Plus, there will be 98 studio apartments. Some of the worth-mentioning features of the residences include floor-to-ceiling windows, walk-in closets, modern kitchens that come outfitted with Bosch appliances, imported Italian-designed cabinetry, and woodwork, open layouts, exquisite stone countertops, brass fixtures in bathrooms, private balconies. Yes, every single residence will come with a private balcony. How cool is that? The project is slated to be launched in the first quarter of 2025.
If you want to get more information about these projects or any other projects, fill in the form given below and we can plan a virtual meeting or you can also schedule a meeting with me super easy and fast. I will tell you all the features of these projects and the exact reason you should invest in them after knowing a little more of your investing plans. Also, keep in mind that these buildings are being sold rapidly and within a few months, they will be sold completely. So, if you don’t want to miss this highly profitable investment opportunity, you will have to act now! Especially when some of them are still in the reservation process meaning you can lock the price and decide later if this is the right option for you.
If you are thinking about buying or selling in Miami, CLICK HERE or you can call me at 786-376-2398.
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Sharon Colón
Your Favorite Real Estate Agent in Miami
Home Miami Realtors
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