A new interesting project for investors looking for a high return of investment. Experience at a lively community with a rich combination of culture, glamor and wellness. A new project perfectly placed in Miami’s most under-developed and to keep watching location is Edgewater in Miami and that is Vida Residences, which helps you with the most effortless urban lifestyle and easy access to the wide range of experiences.
Edgewater, as its name say’s, is a little 1.68-square-mile coastal section of mainland Miami. It is situated between Downtown to the south, and Midtown and the Upper East Side to the north. The location is conveniently located near the popular Downtown Miami spots and the sunny beach itself.
The city gives a transitional vibe with its corner shops, cafes, and discount stores hovered by the mega high rises watching over them. This has a special place in the resident’s hearts. You can’t make the residents stop talking about their ultra lifestyle, the bars, restaurants, and coffee shops. And when they get tired of all that there is mother nature in the picturesque parks to visit.
Buying early in an under-developed area and project gives you many advantages as an investor. You buy knowing that this city is projected to be kind of an extension of Downtown Miami. Which is fantastic.
Second, buying early in a new project can offer you great discounts, minimum deposit requirements, and the freedom to cancel without any sign of penalty during the first stage of development. Bonus? You also have access to a greater variety of units, and the views that they come with. Selecting the one for you with all the options seems a dream come true!
The best of all is that Vida Residences is the first condominium with a flexible rental program in Edgewater Miami approved for Airbnb including other homeshare and platforms, providing an opportunity of Home sharing and also with their hotel program. Giving you all the more options to think what you like to do with your investment!
Vida Residences is a 9 story building with 121 residences which include Studio and 1-3 bedroom apartments. The space acquired by Studio apartment is 347 to 420 sq. ft. while the others range from 400 to 1780 sq. ft.
The construction of Vida Residences is planned to begin from the first quarter of 2023, with top off in the fourth quarter 2023 and completion by early 2024.
The building has a number of deluxe amenities that cover 22,000 square feet, including a large rooftop tranquilly pool with a jacuzzi, cabanas, and grilling stations to make your pool parties memorable, a comforting private rooftop restaurant and bar with stunning views of Biscayne Bay, a state-of-the-art fitness center, a huge spa, a convenient juice and coffee bar, a HiTech coworking centre, 24/7 security services to keep the residents safe, valet parking and a controlled property access. And for the management of the units, don’t worry, you can leave it for the hotel program to manage it for you, hire a third party property manager for your unit or manage this yourself. You have all the options.
In terms of the home sharing part, as a separate option for the 2 and 3 bedroom units, will allow you to stay or live in one part of the residence and rent the other part or rent it out as separate units to double your income as an additional option for you. It is really up to you how you want to take the highest return but certainly you do have options here.
The deposit terms are also quite simple, since they recently released this new project you have the possibility of reserve a unit with 10%, another 10% at contract signing and 20% at groundbreaking.
This is truly one in a million project that provides all facilities under one roof. The project’s appealing location, first-rate amenities, closeness to Miami’s most well-known locations, and lets not forget about the zero rental restrictions and homesharing option. So many reasons to invest in Vida Residences.
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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