Welcome to the vibrant world of Sunny Isles Beach, where the allure of Miami’s real estate market shines brightest. As a Miami Realtor, I can attest that Sunny Isles Beach stands as a premier destination for discerning investors seeking the perfect blend of tropical splendor and urban convenience.
Current Market Trends (Jan/Feb 2024):
The average Sunny Isles Beach home value is $702,665, up 0.2% over the past year and goes to pending in around 88 days. In January 2024, Sunny Isles Beach home prices were down 27% compared to last year (Zillow.com).
On average, homes in Sunny Isles Beach sell after 66 days on the market compared to 116 days last year. There are 1051 active home listings and 68 new homes for sale in Sunny Isles Beach. There were 44 homes sold in January this year, down from 48 last year.
Nestled on a barrier island in northeastern Miami-Dade County, between the Atlantic Ocean and the Intracoastal Waterway, the City of Sunny Isles Beach captivates with its stunning vistas and modern amenities. Whether you’re contemplating a full-time residence or eyeing a second home, Sunny Isles Beach promises an unparalleled lifestyle.
With a population of 21,996, 10,775 total housing units (homes and apartments), and a median house values over $700K (some sources say more) Sunny Isles Beach house prices are among the most expensive in Florida.
Large apartment complexes or high-rise apartments are the single most common housing type in Sunny Isles Beach, accounting for 95.47% of the city’s housing units (NeighborhoodScout.com).
One of the most compelling aspects of Sunny Isles Beach real estate is its coveted location. Just moments away from the energetic pulse of South Beach and the luxury of Bal Harbour, residents enjoy effortless access to Miami’s hottest spots. From haute couture shopping to gourmet dining and cultural indulgences, Sunny Isles Beach serves as a gateway to the city’s finest offerings.
In the last 10 years, Sunny Isles Beach has experienced some of the highest home appreciation rates of any community in the nation. Sunny Isles Beach real estate appreciated 173.90% over the last ten years, which is an average annual home appreciation rate of 10.60%, putting Sunny Isles Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sunny Isles Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years (NeighborhoodScout.com).
In sum, Sunny Isles Beach beckons as the ocean-front gateway to Miami’s real estate prowess. With its prime location, panoramic views, and diverse property offerings, this community epitomizes upscale Miami living. With its top-ranked beaches, dazzling properties and crystal-clear waters, this area is the perfect place to invest in real estate.
It’s time to embark on your journey to the pinnacle of Miami real estate—welcome to the Sunny Isles Beach reality.
