On the southernmost tip of Miami sits one of the most desired and highly exclusive neighborhood to rent and own a condo: South of Fifth. South of Fifth is also called SoFi, and is it a desirable neighborhood for any Miami resident. Being a part of this exclusive beachfront South of Fifth condo lifestyle boasts year round sunshine, internationally elite residents, and very recent multimillion dollar construction stretching over a 7 block radius. The South of Fifth condo lifestyle offers a cozy feel for renters, residents, and vacationers.
The high end neighborhood of SoFi is home to about 4,000 residents and is surrounded by 3 bodies of water. The Atlantic Ocean, Biscayne Bay, and Government Cut provide access to a breathtaking marina only a few sandy steps away. The pristine location of the SoFi (South of Fifth) area offers a little urban paradise packed with one of a kind diversity and energy attracts luxurious condo seekers from all over the world. The SoFi neighborhood is filled with famous restaurants including the most famous in all of South Beach: Smith & Wollensky.
South of Fifth Condos For Sale
South of Fifth is where you will find some of Miami Beach’s most luxurious condos. Residents will show off their glamorous lifestyles in the South of Fifth condos like the Yacht Club at Portofino, Continuum Towers, Ocean House, Icon, and Glass to name a few.
Nearly 58.6% of the South of Fifth condos in SoFi are rented, and only 41.4% are owned. The home index price is projected to skyrocket after year about 2025, thus now is a better time than any to get your hands on a piece of this land in the thriving cosmopolitan area.
In the total of SoFi there are only 16 condo buildings to rent or buy from. As of February 2017 there are about 270 South of Fifth condos for sale and less than 170 for rent! The waterfront kid, pet and family friendly area is gaining popularity as more people are uncovering this “hidden gem” in living the South Beach condo dream.
Buying and Selling South of Fifth Condos in Miami
Foreclosures and short sales are almost near extinct in the swanky area of South of Fifth. With its recent reconstructions being erected in the last few decades and over 17 acres of land, SoFi offers modern South of Fifth condos surrounded with all high end shops, world renowned restaurants, and one of the best elementary schools in all of Miami within walking distance.
The sales average asking price for a slice of this Sunshine State condo life go for $3.73 million. South of Fifth rental averages maintain $9K asking prices as of February 2017. The luxury life of South of Fifth condos may be costly but it truly is living the cosmopolitan dream.