Miami is home to some of the world’s richest people. Its picturesque and luxurious neighborhoods command millions of dollars in real estate markets that have continued to be unsinkable even with recent hurricanes and tropical storms.
Here are four of the Magic City’s richest and most exclusive neighborhoods.
Image credit: Forbes
Residents of Fisher Island have the sixth most expensive zip code in the US, according to Forbes in 2015, making it the priciest area in Miami-Dade County and all of Florida. This barrier island is just three miles south of Miami City, but is a world away from the hustle and bustle of city life. Accessible only by heavily secured ferry or private boat, the neighborhood’s spacious waterfront condos and sprawling mansions are home to just around 700 families with median incomes above $1 million and the highest per capita income of any place in America. High-end steakhouses, a 9-hole golf course, bird-watching areas, and 18 tennis courts comprise some of the island’s luxurious amenities. The most popular among residents is the large spa and a mile of private beachfront, which is filled with sand imported from Bermuda and freshly raked by workers who travel to the island every morning. The homes have a median price of around $5.6 million, with the most expensive listing priced at $38.5 million for a 19,000 square foot penthouse condo. While Miami is known to be loud and ostentatious, Fisher Island remains a secretive oasis for the ultra-wealthy.
Indian Creek Village
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Known as Miami’s Billionaire Bunker, the exclusive Indian Creek Village is home to just 86 people on 250 acres and 40 estates. The tiny island is only 0.4 square miles, making it one of the smallest, richest, and most elite neighborhoods in America. The island is home to business tycoons, CEOs, supermodels and Hollywood A-listers, all of whom are attracted to the island’s sweeping water views, large lots, seclusion, and amenities. The island is so exclusive that it has its own 24/7 police force that patrols the island via boat, jeep, and jet ski. The lone bridge entrance to the island is heavily guarded. Most mansions in this island have their own tennis courts, private boat docks, wine cellars, and even movie theaters. Unsurprisingly, properties on this island have been selling at record prices of around $47 million.
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One of Miami’s fastest-growing neighborhoods, Brickell has a reputation for being the Millionaire’s Row with its international banks, popular restaurants, towering apartment towers, lavish mansions, and luxury condominiums. The area is home to the wealthy who prefer to be right in the middle of everything, in contrast with the seclusion of the previous two enclaves. Some of the most expensive homes in the area have sold for around $41 million. Among The Magic City’s most historic residential districts, Brickell is the hub of the metro’s finance and trade industries, earning it the label of Miami’s own Wall Street. Young professionals and commercial businesses are all flocking to Brickell, and for good reason. Recently, developments in the area have been targeting, with an emphasis on experiences, community, and urban living.
Image credit: Discover Homes Miami
The Venetian Islands are comprised of six man-made islands connected by a private road called the Venetian Causeway. Originally built in 1920 as a tourist location, the Venetian Islands are situated along Biscayne Bay and within convenient distance of many of Miami’s hotspots. Upscale shopping, fine dining, art galleries, and cultural events of Downtown Miami, Brickell, and Wynwood are all within minutes from the these islands. As one of the most desirable neighborhoods in Miami, the Venetian Islands have a median home value of $1.2 million, with homes costing up to $55 million. Its homes offer breath-taking views and extravagant amenities. With its world-class sun-kissed beaches and exclusive neighborhoods, Miami will surely continue to attract the world’s most elite homeowners in the years to come.
Courtesy of: Martin Clifton, Guest Contributor