Where the beauty of the Miami beaches sits adjacent to the famous Museum Park lies the luxury neighborhood of Miami called Park West. The area may also be known as the home of the famous NBA basketball team the Miami Heat. Regardless of its commercial claim to fame, Park West is a very desired area for those seeking that perfect ‘Miami condo life’ because of its location on the across from Biscayne Bay that offer a perfect panorama view of the long white beaches sitting on the Atlantic Ocean, the Marina Blue, Marquis, world renowned museums, and of the Miami Beach skyline where you’re sure to catch a perfect sunset or sunrise.
Arguably one of the best parts about Park West is its central location in Miami which allows residents to get around quickly. Park West condo owners live right off I-95 which makes other popular destinations such South Beach and the Miami airport both under 15 minutes away by car. The Metrobus has routes throughout the area as well which makes public transportation from Park West very easy.
Park West Condos For Sale
Due to the thriving businesses and new constructions in the Park West area, a lot of wealthy businessmen are attracted to the area. The Park West neighborhood is comprised of a number of luxurious condos that offer top of the line amenities and access to all things a condo owner would need in regards to water front access, shopping, schools, and leisure activities.
Some points of interest within walking distance are the Miami Worldcenter, the Port of Miami, and the Adrienne Arsht Center for Performing Arts. The Miami Worldcenter, a 30-acre development which includes 1 million square feet of retail space, a Marriott Marquis World Convention Center Hotel with near 2,000 rooms, outdoor cafes and restaurants as well as both retail and boutique shops off an attached promenade. This grand structure and all of its amenities truly makes Park West a city where guests and residents can access any and everything they want by foot!
Buying and Selling Park West Condos in Miami
According to analysts and statistics, prices of homes in the Park West area will continue to increase due to the current plans in and near the area. However finding a good price isn’t hard to get your hands on!
The average listing price for homes in Park West is $750,000. The number of Park West condos sold increased by nearly 20% in the last year due to demand of home buyers.
There are nearly 116 Park West Condos to be rented, running at an average of about $4.8K as the rental asking price. A little more than 150 Park West rentals have closed in recent months. If you are looking to own a condo or have a second home in Park West there are about 200 units for sale at an average cost of $985K as the average asking price where about 25 of these have been recently closed.