If you are moving to Miami and are interested in living on Miami Beach, one of the most popular neighborhoods for the best in luxury rentals is the South of Fifth area of Miami Beach. This area features some of Miami Beach’s best of the best in luxury rentals like Continuum I, Continuum II, Apogee, Portofino Towers, Murano at Portofino, Yacht Club at Portofino, Murano Grande and ICON South Beach.
Out of all of the buildings listed previously, Continuum I and Continuum II are the only two that are oceanfront. What many of our clients like about Continuum I and Continuum II is the resort like feel around the property plus the buildings’ services also include beachfront chair, umbrella and towel services.
The rest of the buildings have their own uniqueness and flair. For instance Portofino Towers is the oldest of all of the buildings and the square footage of the units and layouts tend to be very generous. While ICON South Beach was designed with Phillip Starck so the building is very cool and funky. That’s the building just off the MacArthur Causeway.
Rentals in these buildings start around $3000 per month for a one bedroom and up. You may get lucky and find a one bedroom deal in ICON around $2500 (without a balcony). In fact over the last six months based on rented unit data from the MLS, the median price for a rental in these buildings is around $5500 based on 54 rented units, however quite a few rented around $7000 to $8000 per month and the highest at $18,000 per month.
If you are interested in living in one of the Miami Beach luxury rentals, be sure to use an agent who knows the ins and outs of the building so that you are aware of the nuances within the buildings and are sure to find one that best matches your needs and lifestyle.
The compilation of the listing information is provided by our local MLS system Miami Association of REALTORS(R) (previously REALTOR(R) Association of Greater Miami and the Beaches). All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental.
Copyright © By Jamey Prezzi 2011 * All Rights Reserved* Miami Beach Luxury Rental Tip of the Week South of Fifth Rentals