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TOP 5 REASONS TO INVEST IN MIAMI REAL ESTATE

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Top 5 Reasons to Invest in Miami Real Estate

You might have gone on vacations to Miami several times. Have you ever thought of buying a home and settling at this dream place? Well, purchasing a real estate property is always a crucial choice to make. To purchase Miami homes for sale, you need to plan well with a focus on long-term goals and benefits. With tax benefit on mortgages and other financial benefits on real estate investments, it is wiser to buy a home in Miami than renting one if you want to stay in this glamorous city. After all, paying a high amount of monthly rent would only incur expenses. On the contrary, paying interests on a home loan has a definitive result, which is realized in the form of your dream home in a most desirable place, like Miami.

When you want a luxurious lifestyle and you can afford it, you have some valid reasons to invest in Miami real estate.

Luxury Living Experience

Owning a home in Miami allows the freedom of exploring this vibrant city at your own pace. With warm weather year round, beautiful beachfront locations and national parks to explore, and plenty of water sports and entertainment options, you can enjoy vacations every day. Miami is also famous for its exciting nightlife and a plethora of fine dining restaurants offering cuisine from across the globe. There are top-rated schools, advanced medical care facilities, world-class shopping malls and a growing retail market, everything you need for a highly comfortable

Competitive Price and Wide Choices

In the past few decades, Miami has seen tremendous growth in tourism, hospitality, and construction sectors. Many builders are coming up with new constructions every year and real estate properties are offered at competitive rates. You can choose from moderate townhomes to luxurious, beachfront homes and condos. Miami condos for sale come with a stylishly designed interior, spacious balconies and access to state-of-the-art lifestyle amenities including swimming pools, children’s playground, tennis courts, clubhouse, round-the-clock security, valet parking, and much more. However, buying a condo, which is under construction, ensures significant cost benefit because by the time construction is completed and the property is ready for delivery, market price will soar. If you book early you can save money on Miami condos for sale.

Tax Benefits

As per the US census report, about 70% homes in the country are mortgaged. Mortgage interest is ducted from your income tax, which is a major benefit of buying a real estate property. Purchasing Miami homes for sale involves additional tax benefits. If the buyer is an elderly citizen, an army veteran, and/or a Florida resident, s/he can avail homestead exemption up to $50,000 if the person meets certain criteria under Florida Statues.

Alternative Income Possibilities

The concept of vacation rental is quite popular in a tourist hot spot like Miami. If you buy a home in Miami you can put it on vacation rental and earn a good amount of money annually. In fact, Miami as a booming commercial district is often visited by business travelers who also look for rental properties at convenient locations when they are on long-term tour.

High Resale Value

Initially a tourist destination and now a fashion and entertainment hub in South Florida, Miami has grown to be a top real estate market for international buyers, ensuring high resale value for Miami homes and condos. Purchasing properties on the beachfront locations or at downtown Miami will increase the net worth of your investment. After a few years, you can sell the property and make a decent profit.

Turnberry Ocean Club Condo

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Turnberry Ocean Club is the latest luxurious residential condominium created by Turnberry Associates. This oceanfront condominium project is located in Sunny Isles Beach. This luxurious residential condominium was designed by architect Carlos Zapata. It features 154 condo residences that range from 2,750 to 10,000 square feet. It rises at around 649 feet to the skyline. There are 52 penthouse residential floors that highlight the private club prestige. The residences of the Turnberry ocean club condominium showcase sophisticated interiors which have expansive terraces and balconies and terrace for outdoor living space. Turnberry owned the original beach club for the last 30 years. This beach club is scheduled to be the signature glass-tower.

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Turnberry Ocean Colony was developed by Turnberry Associates and sold in the year 2006. At a beachfront level, there is a resort-style pool that cascades into the ocean. Owners can be able to enjoy the private pool as well as the beach cabanas surrounded by the landscaped tropical gardens.

There are 3- level private clubs that are set at around 300′ above the sea level. The private clubs have a Hamm am spa, infinity edge pools, massage rooms, private dining, wine room, gym and fitness area, locker rooms, and library and relaxation rooms. The Turnberry Ocean Club services, lifestyle and amenities are similar to those of its sister condominium at Turnberry Ocean Colony which was built in the year 2008. This condo is also situated in Sunny Isles Beach.

Turnberry ocean club condominium will be able to provide high-quality resort and the best oceanfront living experience in Sunny Isles Beach. The reconstruction cost has been announced to range from 3 million dollars to 22 million dollars. The prices may change without notice. Preconstruction sales and reservations are set to begin this fall. The ground breaking is supposed to begin in early 2015 while its completion has been projected to mid 2017.