Thank you for your request.
I live and work in Miami Beach. I have closed many deals for ocean front condos.
It is common to buy a vacation home here and rent it for few months.
You can explore options on my web page http://www.LivinFlorida.com
Prices vary depending on location, building, size and condition.
But roughly 3 bedroom with water view would start from $400,000 and up.
Will be happy to guide you more
Global Luxury Realty, LLC.
Some buildings have rental restrictions. You may have to wait one year before renting.Also, some buildings only allows annual rentals, and others may allow one rental a year. Yet others allow month to month rentals. Once again it depends on the rules of the Association. Hence, it is important that you choose a knowledgeable realtor to help guide you to buildings that will meet your investment needs.
Winter is considered high season for snowbirds to come to Florida and rent during that time of the year. While its cold and dreary in the North, it is perfect weather here in South Florida. Again, you need to pick a building that allows short term rentals.
Please contact me and let me be your guide.
Prudential Florida Realty
19056 N.E. 29th Avenue
Aventura, FL 33180
TRC, CSMS, E-Certified,REO Specialist
If you are looking to buy or sell property, go to my website at http://www.SoFlaBeachHomes.com
Do you know anyone who needs real estate advice? Please feel free to contact me
Our seasonal rentals are higher than yearly, most would want it furnished, and they usually last for 4 months only. Six months rentals are possible too, but a little more rare.
Many condos have rental restrictions. Some condominiums don't allow to rent the 1st year of ownership, some 2 years, some never, some only once a year...This needs to be checked before you buy by asking the condo management and reading the condo documents/rules & regulations provided to you by your agent in the process of buying.
There are both options available in the market place - the "fixer upper" and the newer condos.
Older condos (depending on the price) may not have the washer/dryer inside.
But - they usually have better floor plans and definitely more storage than the newer ones.
When we say "oceanfront" - this could be anything from Miami Beach through Fort Lauderdale.
Certain areas are less expensive than others, so we'd need the price range to guide you in the right direction. Older buildings will be priced lower than the newer buildings.
Feel free to email me more info for a more detailed conversation.
Hope this helps,
Beachfront Realty, Inc.
Thank you again and best Regards,
Pedro P. Acosta
Real Living-First Service Realty
975 Arthur Godfrey Rd, #101
Cell 786 326 1975
Offi 305 531 9990
Fax 305 531 9996
I own an oceanfront vacation condo that I rent out during the winter season and we can use it when it's not rented. When I bought a long time ago I focused only on buildings that would allow short term rentals. Then I selected the best line of condos with the best views that will always be in high demand. This insures your rental potential as well as your re-sale value.
I would be happy to share my experience as broker and owner.
AG Real Estate Services
1111 Lincoln Rd., Suite 400
Miami Beach, FL 33139
Search for Miami Beach Condos For Sale at: http://www.agreservices.com/info/site/miami-beach-condos/
South Beach rents well. The world goes to Miami Beach so there is a high demand for rentals. Prices are rising rapidly so now is the time to buy.
Before discussing this any further I really need to get more specifics regarding budget. And what type of view you desire as well. Then I can send you a search and recommend the buildings that are appropriate to meeting your objective.
I have a good working knowledge and experience with beachfront properties at various price ranges, and helped users and investors find their dream properties over the years
I look forward to working with you. Please contact me.
Prudential Florida Realty
19056 N.E. 29th Avenue
Aventura, FL 33180
To search for properties, go to my website at http://www.SoFlaBeachHomes.com
TRC, CSMS, E-Certified, REO Specialist Designation
I think the simplest answer is that there are very few buildings that allow a very short term rental (such as 1-3 months) and that is how you make your biggest bang for the buck in the winter months.
There are a few I would suggest and can send you links to those options if you like.
It is definalty not a good idea to get involved with trying to rent your unit against the building rental policy, you will pay a fine and the tenants will get kicked out if discovered.
As for the 3 bedroom aspect, it is the most expensive purchase, because of course they are the largest units and the highes maintenance fees becasue that is assessed by price per sq. ft.
I think you would be fine with a 2 bedroom unit, and your return will be greater than stretching to the 3 bedroom pirce and maintenance fee of a 3 bedroom.
People definalty like the newer buildings, so the fixer upper may be a problem if it is in a much older building, however again it is case by case.
You can expect a 2 bedroom oceanfront to be in the 400k plus range (sky is the limit of course), but a 3 true bedroom more towards 700k plus, so there is a very significant difference.
I would be glad to discuss your options. I believe you can do very well on a seasonal rental if you make the correct decisons all around.
Feel free to contact me at your convenience.
South Florida Brokers
As well 2 bedrooms rentals goes great there is need for both.
is it worth it for me to go for a 3 bedroom? or is the 2 bedroom substantial. if people would rather pay a little less for a 2 bedroom to rent, i don't want to be stuck not being able to rent out a 3 bedroom because it is too expensive.
Thank uyou for your question.
It's great to rent for the period of Dec-June but we have to make sure that the building accept seasonal rental and there are of those in Miami Beach.
Regarding price it depends on the location in Miami Beach please let me know what is your price range so I could start a search as well please provide your name cell number and email.
Have a great weekend'Best regards
I am a native of New York, living in Miami Beach since 2001 when I obtained my RE license. The majority of my clientele are from NY/NJ, Canada or South America. Some purchase for strict investment, others purchase as a strict vacation home, while others purchase what I like to call a hybrid, which they use as a vacation condo part of the year and rent it out as an investment condo for the other part of the year.
The beauty of investing in Miami Beach is that the demand for rentals is always high, with that said the hottest and best time to rent in terms of prices you can expect and ease to rent is from December to May. That is the high season down here so based on your schedule it looks like you would be an excellent candidate to accomplish this goal.
The rental market in Miami Beach is rather easy to manage with some important caveats you need to look out for. Some buildings have more lenient rental policies than others. Some buildings have higher demand for short terms rentals than others. Some areas within Miami Beach have higher demand than others. That is why it is imperative that you align yourself with an expert on Miami Beach who knows what they are doing and is aware of the building rental policies and market before you make such an important commitment.
There are some other things you need to consider such as, to rent for less then one year it is typical that you leave the condo furnished and fully equipped as a shorter term tenant will expect to rent turn key. This would include you paying electric, cable, internet, etc as again, a shorter term tenant will be expecting to pay one price for everything all inclusive.
I would be very glad to assist you with this and guide you through the experience as I do this everyday, and have been doing this everyday for the past 12 years. In fact, my mother, my best friend, my mother in law, and many of my customers have accomplished this goal with my help. In fact, the majority of this can be done remotely without needing to be in Miami Beach.
The best course of action is to contact me and we can begin a more specific dialogue in order for me to find exactly what it is you are looking for. As far as the fixer upper vs already done condo, I cannot say that either is better or worse. It is really more of a case by case thing where I would assess each different opportunity as it presents itself. I'd suggest being open to both so you do not let any excellent opportunities pass you by.
The pricing is truly all over the map as each building has a different market, higher floors might cost a bit more, superior views will always cost more, different areas of the beach will have different pricing and the condition of the unit will matter. Also, a foreclosure sale (if you can find a good one) will usually be priced much more aggressively than a typical owner resale. Furthermore, the individual reason for why a particular owner is looking to sell will obviously have a major impact on pricing.
Three bedroom condos are a bit more hard to find as not every building has 3 bedroom floor plans available so that might limit you slightly, but you will be able to find something good I am sure. Please contact me at your earliest convenience and I will send you a detailed list of every 3 bedroom condo for sale in Miami Beach right now for your review. After you check the detailed list out, we can discuss in more detail.
Please find my contact information below. I look forward to speaking with you and helping you find an excellent investment which you can rent for half the year to cover all of your expenses related to the property and likely have some money left over for your plane tickets/entertainment while here in Miami.
Real Estate Sales Force
Who better to get advice on buying a 2nd home condo from than a Florida Mortgage Broker who is buying a 2nd home condo?
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I would be happy to discuss with you and send you all available listings.
As for as rentals, not all bldgs allow less than a year, but many do and minimum of 6 months would be allowed.
Gary Hennes Realtors