The New Manhattan
Brickell is the hub of luxurious living and the perfect destination for waterfront real estate, top-rated restaurants, entertainment centers, glamorous nightlife, and branded shopping centers. An individual won’t find as many cultures, cuisines, and diversity anywhere else. One has tons to do here; that’s why Brickell is known to be Miami’s financial district. Forbes magazine has titled it the Wall Street of Miami. It’s also rapidly growing and evolving to become an urban residential and commercial neighborhood. Brickell holds luxurious constructions, a cosmopolitan lifestyle, and arguably the most breathtaking views. It is where glamor meets elegance. For this reason, hundreds of people are moving here each day. It’s an up-and-coming international neighborhood.
With so many migrants and visitors, the need for accommodation has increased significantly. As any good investor would know, location is key to excellent real estate as it increases value and profitability. Brickell has a standard capitalization rate of 6.4 percent, a cash-on-cash return of 3.2 percent, a traditional rental monthly income of more than $2.5K, and a median property price of $499K. Many developers and investors have started to fuel money into luxurious residential projects such as buildings, condos, and apartment towers in Brickell as it is attracting many wealthy individuals. The area is in an expansion phase.
Baccarat Residence, Brickell
Brickell’s new collection of residences includes the Baccarat Residence. Located at 444 Brickell Ave, Miami Beach, FL 33131, Baccarat Residence tower rises proudly at the edge of Miami, where land meets the sea. It has the best location in Brickell as it holds a waterfront view. Related Group, Arquitectonica, and Meyer Davis Studio have come together to provide its resident’s excellence. The elegant glass architecture has a wave-like design incorporated. The tower shimmers in the infinite rays of the golden Miami sun, complimenting the infinite blue sea at its feet. The aesthetics of the interior are inspired by eighteenth-century Paris and twenty-first-century Miami, along with a touch of Art Deco. It is 75 stories high with 340 residences, 8 penthouses, 8 waterfront flats, and duplexes. Units have a flowthrough feature, floor-to-ceiling glass doors and windows, and a massive balcony with astonishing views.
When looking at the best neighborhood, comfortable and secure living is also viral. Baccarat Residences offer more than just that. It offers easy beach access, innovative services, enlivened waterside amenities, elegant and stylish lifestyle, relaxed atmosphere, vibrant lights, exclusive location, and much more! It is the epitome of contemporary and sophisticated. Amenities include elevator access directly opening to residences units, white-glove services, valet parking, exclusive marinas, a first-class spa, tennis court, cafe, a fine dining restaurant with a water view, and lounge bar much more.
Miami is full of unique locations of real estate. Investment decisions can be challenging, be it Brickell or any other posh area. The market is full of opportunities, so how does one pick where to invest? How does one know which property will have the most financial returns and is the most profitable? Such knowledge requires experience. Founder and CEO of Prestige Empire Realty, Yaima Lamela, has an experience of over 20 years of in Miami’s sales and rental markets.
Her client list includes high-profile personalities such as Miami banker and philanthropist Abel Holtz and Cuban MLB player Hector Olivera. She has earned the reputation of being one of the finest brokers in Miami. Her professional brokerage services help individuals find the most beneficial and luxurious properties that fit specific requirements like a glove. She is a dedicated and loyal agent who works hard to find investment opportunities in the best areas of Miami. She knows what the city offers and ensures that the client achieves all that. If one’s considering investing in real estate, seek her expert guidance by contacting her at www.yaimalamela.com!