Miami has long since been known for its over-the-top extravagance when it comes to luxury real estate,
however recently that bar has been raised to new heights. In light of the recent market crash, developers are now adding attention-grabbing amenities in an effort to persuade buyers to put more money down prior to closing. In order entice perspective buyers to commit to the desired 50 percent deposit developers are making their properties even more ostentatious, with conveniences that surpass even Miami real estate’s typical grandeur.
The main premise behind these ‘full-service’ properties is an emphasis on the high-end lifestyle typical luxury real estate shoppers are accustomed to, rather than just the unit. It is all about maintaining a certain way of living, where staff handles the majority of tedious tasks and the building caters to its residents. As Phillip Gutman, the vice president of sales at national real-estate broker Douglas Elliman, describes it, “we have a lot of New York buyers looking for second and third homes down here, and they’re pretty much demanding the same level of service they’d get up there.” One common method for achieving that is to include full-service amenities within the building that mimic resort-style living. For example, many newly constructed luxury complexes also house some type of upscale restaurant, at least one bar, some type of gym or yoga studio, a salon and spa, and pools. Some buildings go above and beyond to stand out from the crowd, but these amenities are becoming typical for South Florida luxury complexes as they try to attract the swanky New York buyers.
Luxury real estate has always been a large part of the Miami market, because it is the perfect escape for those high-end shoppers who are searching for a second or third home. On the one hand, the city offers booming commercial business and glamorous nightlife, however residents also have easy access to secluded, white sand beaches and peaceful relaxation if that is more what they are looking for. South Florida is home to many globally distinguished luxury real estate properties, and with more being built everyday now is the time to check out all the fantastic units available in the area! Contact a RE/MAX agent today and they would be happy to assist you with whatever your real estate needs may be.