Luxury Real Estate is always in demand and this is due to the huge investment value it represents. Regardless of any market variables and other conceivable factors, luxury properties have the advantage of rising in cost continuously and it is also a performing asset, as it serves a practical purpose while it increases in value.
There are three key ways to make good money out of luxury property ownership. You must contemplate the idea of learning about the nature of luxury rentals first and how to advertise your property accurately before actually making the purchase; this can help you as a real estate investor in coming up with the best rental strategy to put your luxury property on the market.
Vacation home rentals, for example, can generate high rental revenues if you make sure it is beautifully designed and it is located in a popular vacation spot.
Investors can also lease luxury properties as private event spaces, after the party’s spots or wedding venues. This type of rental is called Multi-purpose venue and although it is not a very popular one, it is absolutely effective and it can generate a substantial income for the real estate investor. This is still an undiscovered market which makes its demand really high.
For the more conservative investor, there are always the long-term rentals which can generate a steady monthly income and although it might miss out on profit by the end of the year, the assured profit gives the tenant a pleasant peace of mind during the whole process.
For any of its purposes, luxury real estate represents the perfect investment opportunity guaranteeing multiplied returns in the future.
Here are five gorgeous properties on the Miami luxury real estate market to give you a hint of where to begin:
Continuum South Beach
Located right on the bay in the elite South Beach neighborhood, this exclusive property boasts an impressive architecture and awe-inspiring views of the city and the ocean. The complex is composed of two 37 and 40 story towers which entrance incorporates striking water features, contemporary landscaping, and amazing stonework exudes elegance and sophistication. Continuum’s units are embraced by walls of glass, 10-foot ceilings, and wrap-around balconies and amenities include a full-service beach club and an expansive free-form lagoon swimming pool. Also, the building’s resort deck is a great place to catch the sunrise and sunset.
Muse Residences
Muse Residences is a high-end luxury boutique condominium located in the heart of Sunny Isles on the striking coastline of South Florida. This exclusive residential development features the most opulent amenities including a serene infinity edge pool and spa, a state of the art gym, a sky garden penthouse where to relax and a stunning breakfast room overlooking the ocean. Also, residents count with the utmost state-of-the-art technologies including intelligent bio-metric technology, shade system, and intelligent parking, plus incredible panoramic ocean and Intro coastal views.
Icon South Beach
Completed in 2005, Icon South Beach is a 40-story building boasting incredible views of Biscayne Bay that to its prime setting. This exclusive residential development offers a variety of condos to choose from with 1 to 6 bedrooms, all of which have some of the most luxurious features around, like expansive terraces, European cabinetry, and spacious walk-in closets. Almost all of them include high-quality porcelain or marble, along with state-of-the-art kitchens and elegant bathrooms. As a resident of Icon South Beach, you’ll have the privilege of enjoying pampering amenities such as two amazing pools where you can soak up the sun, and the Icon Spa.
Murano Grande
As its name states, Murano Grande boasts some of the largest units around, so if that’s what you’re looking for this is the choice for you. Along with a contemporary, elegant lifestyle, you’ll fell in love with the expansive balconies, and exceptional residential features including granite countertops, European custom cabinetry, and the latest and greatest appliances in the kitchens. Bathrooms are elegant, with marble flooring, granite vanity tops, porcelain sinks, and whirlpool tubs. As for the amenities, Murano Grande has the best: heated bay front swimming pool and spa, lighted tennis courts, and an exclusive health and fitness center, among others.
Aria on the Bay
This sophisticated residential masterpiece is set in the prestigious Edge water neighborhood of Miami Beach offering its elite owners fantastic views over Biscayne Bay from the building’s floor-to-ceiling windows and its large balconies. The lavish residences in Aria on the Bay feature 1 to 3 exclusive bedrooms, which open layouts and exceptional finishes and fixtures create a true atmosphere of perfection. The building features the most upgraded amenities including fully equipped fitness center, three curved sunrise/ sunset pools where to peacefully soak up the sun, and numerous social areas ideal to spend quality family time.