Miami real estate experts share the best places to buy luxury houses as the risk of housing bubbles increases

Since the pandemia, prices in Miami have moved in one direction: practically vertical.

Now, the threat of a bubble has careful buyers that hold their breath. “Miami now shows the highest risk of bubbles between cities in this study,” discovered the global index of UBS 2024 real estate bubbles. Miami defeated Tokyo and Zurich for place 1. “Fed by a luxury flowering market, Prices in Miami have risen by nearly 50% in real terms since the end of 2019, 7% of which were in the last four quarters. “

But mediators say smart money does not need fear: bubble impermes are numerous – if you know where to look. “Characteristics with a single family with a single family are something you can’t copy,” says Ana Teresa Rodriguez, founder and CEO of ATR Luxury Homes Group in Coldwell Banker Realty. “Whether it’s a canal, a bay or ocean, if it’s in the water, it’s a victory.”

As examples, it shows in the Big Ticket Waterfront deals with Jeff Bezos in Indian Creek and David and Victoria Beckham’s latest purchase of an 80 million dollar megaman along the Miami Beach. “They know where to put their money,” she says.

For stubbornness, or simply measuring a financial storm, Rodriguez recommends buying in slightly off -radar areas like Bay Point, Miami Shores and the old Cutler Bay section of Coral Gables. She is especially strong in Bay Point, where she is ranking Exumas Casa to 4241 Palm Lane for $ 20 million.

That six -bedroom house, seven bathrooms, 6,334 square meters, comes with 85 meters of seawater and a dock. “If I was investing my money now, it would be in Bay Point,” she says.

South, in Old Cutler Bay, a water fortune in 9320 Gallardo St. With eight beds, nine baths and 8.360 square meters is looking for $ 16.9 million with Douglas Elliman’s Alatrist Lourdes. It comes with a 100 -legged coveted bank that offers direct ocean access.

Meanwhile, the Eluzie Ruthie Assouline mediator is a bubble skeptic. “The sunny islands and Bricell, where you have high density and a lot of inventory, maybe there you can see a bubble. But in low inventory areas you just don’t see it.”

But to avoid any bubble trouble, it recommends focusing on homes in areas where the inventory is already narrow and is likely to strengthen, eg Bal Harbor, Prime Minister Miami Beach and (four) islands of the Sun. “In those areas are more minority coming, more hospitality is coming, there is more lifestyle and you don’t have so much home,” she says.

In Sunset Island III, 1510 W. 23RD St. It is on the market with Julian Johnston to Corcoran Group for $ 35 million. A walk away from restaurants and retail of Sunset Harbor shops, five beds, six baths, 6,290 square meters come with 90 meters of seawater and a bank of private accused-all ingredients to make sure you are still floating if the bubble appears.