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Why Location is So Important in Florida Real Estate?


April 14, 2022

 

Due to the increased demand for condominiums, purchasing a luxury condo can be a profitable investment, as condos provide a high return on investment. However, a condo with a poor location on the market is unlikely to give you the best value for your money.

When purchasing a luxury condo, the location is quite important. It’s the one constant about a property, and it can either add or subtract to the value of the unit. For example, if a condo is located in an area that is seeing industrial expansion, it will most likely increase in value over the following several years as more investors, entrepreneurs and job-seekers relocate to the region. Notably, remote work expansion, low mortgage rates, low taxes, along with a luxurious lifestyle, have all led to a surge in South Florida’s real estate market.

The ease of access to a condo’s location is another factor to consider. It should be close to major highways and public transportation, and preferably in a neighborhood with attractive public areas and landscapes. Take into account the particular lot location as well, as future neighbors such as commercial properties, new parks and other housing possibilities, among other things, may have an impact on the condo’s value.

One of the most sought-after condominiums in South Florida is the Continuum in South Beach. This resort-style condominium is located on 100 South Pointe Drive in the prestigious South of Fifth (SOFI) district, close to award-winning restaurants, boutiques and clubs, as well as the city’s world-famous beaches. Not to mention the breathtaking views of the city, Biscayne Bay and the Atlantic Ocean. 

 

To explore a complete listing of Continuum condos for sale, as well as the amenities available to our residents, please visit Continuum in South Beach online.