Miami’s thriving real estate market is attractive for investors and developers, with several neighborhoods offering profitable opportunities. The growing demand for luxury homes invites US and international buyers to own homes with high-end amenities.

Plus Render shares all you need to know before investing in this vibrant city. We recommend the best neighborhoods for investment and Miami design styles you’ll want to consider. 

Popular Neighborhoods in Miami

Here’s a look into popular Miami neighborhoods with strong investment potential:

Brickell 

Dubbed South Florida’s top neighborhood to live in for 2024, Brickell has a distinct urban character. It’s walkable and has stunning waterfront views, with diverse culinary options that make staycations more enjoyable. As a cherry on top, the crime rate is 66% safer than the state average.

Additionally, Brickell experiences a 9% increase in year-over-year rent. If you’re looking to build a vacation home or a good business opportunity, this place should be on your shortlist.

Coconut Grove 

Coconut Grove is Miami’s oldest neighborhood, celebrated for its lush tropical landscape. It’s an affluent area with historic homes that offer easy access to top-notch amenities like public and private schools, bars, and restaurants.

This area has limited gated communities and luxury condos. However, buyers are much more inclined to be residents than investors.

Coral Gables 

Stunning beauty, breathtaking architecture, high-end shopping, and fine dining make Coral Gables one of the most sought-after neighborhoods in the US. It’s safe and family-friendly, but the cost of living is 118.9% of the national average.

Coral Gables has one of the most expensive housing markets in the country and demand remains strong. Rents are high, with a difference of over $1,035 compared to the national average. 

Little Havana 

Known as the heart of Miami’s Cuban diaspora, Little Havana offers a dynamic,  lively experience that tempts visitors to stick around. Great cafés, live music hotpots, and delicious cuisine make it prime real estate.

The neighborhood is composed of working-class citizens and the supply of homes is greater than the demand. But it’s affordable and  a great place to get started in the Miami housing market.

Pinecrest 

Pinecrest is slightly removed from the hectic life of Miami. The suburban village has a community feel, a serene atmosphere, and a range of high-end retail establishments, with wealthy families making up most of its population. 

It has a hot real estate market, estimated to cost 153.6% of the national average. Rent has remained stable over the years at $28 per square foot.

South Beach 

Vibrant. Iconic. Quiet. South Beach definitely has something for everyone. It’s a desirable location with plenty of bars and clubs. Together with the Greater Miami area, it reeled in 26.5 million visitors in 2022.

Naturally, this art deco spot has an excellent rental market. A luxury two-bedroom condo in South Beach can get you over $5,000 in monthly rent. 

Popular Emerging Architectural Styles in Miami

Whether you prefer avant garde designs or traditional styles that remain forever in vogue, these emerging architectural styles stand out yet fit right in with Miami’s dynamic coastal vibe.

Brutalist 

Brutalist architecture can seem overpowering. Whether you love it or hate it, you can’t deny that its bold geometric forms and unadorned facades command attention. 

Exciting in its austerity, Zillow reports that the raw appeal of this style is a hit with homeowners. With a 452% increase in interest in for-sale listings, this style is making waves.

You can bring this luxury minimalist style into your Miami home with neutral tones, raw concrete floors, and strategically placed windows for superior ventilation.

It can even be paired with greenery, as seen in the Pérez Art Museum Miami.

Mediterranean Revival 

Mediterranean revival has an Old World charm. It is commonly seen in historic and rustic buildings like the Villa Vizcaya. The structure features traditional Mediterranean elements that have been adapted to the subtropical climate.

Stucco walls, terracotta tiles, baroque decor around balconies, elegant arches, and wrought iron details illustrate its whimsical qualities.

The Freedom Tower is an excellent example of this architectural style. 

Miami Modern

Miami Modern architecture, better known as MiMo, developed during the post-war period. Theatrical with a statuesque feel, it has been influenced by Miami design styles that include Art deco and Mediterranean revival. Its extra-bright color palette adds another layer of vibrancy, heightening its appeal.

You can find this design style in everything from beachside resorts to high-rise buildings. 

Why You Should Hire Plus Render Before Investing in Miami Real Estate

Miami’s real estate market offers robust growth, but not everyone can have a lucrative investment. Once you’ve narrowed down the neighborhood and architectural style you’re into, take the time to see how it will look with 3D renderings. They’ll allow you to assess the project’s viability and save costs.

Here’s how: 

Enhanced Visualization

Renderings, virtual tours, AR, and VR—these tools breathe life into your creative ideas. They’re immersive and engaging, with unparalleled attention to detail. With our visuals, you’ll be able to see the property as you would in real life. Zoom in and out to view specific elements,  move between rooms to appreciate the layout, and see aerial views to better understand the location.

Showcase Important Details 

Miami is at risk from climate change. Sea levels have risen by about a foot in the last 80 years, and studies report it will rise by another 10 to 17 inches by 2040. If you’re planning to create a structure near the beach, we can ensure its resilience with tall seawalls that fortify the built environment.

Easy Comparison

Can’t decide between all the Miami design styles? 

We can help you explore your options. Our simulated environments focus on accuracy, detail, and realism so nothing is left to the imagination. As you see your designs come to life, it will be easier to make an informed decision.

Effective Communication 

Innovative ideas can be difficult to convey even if you’re working with seasoned professionals. 3D renders take the risk of miscommunication and misinterpretation out of the equation by helping stakeholders effectively grasp the design. It brings everyone involved on the same page, enabling a productive exchange of ideas.

This greatly reduces errors during construction and thus brings huge savings.

Save Time 

Building a home is a huge undertaking. It requires you to evaluate every task extensively. Firms like Plus Render make this process easy with revisions at every stage so you only proceed if you’re satisfied with the design.

Get Realistic Quotes 

Ninety-eight percent of mega projects experience cost overruns of more than 30%. Renderings keep your profitability in check by giving everyone a solid overview. They provide details into the types and amount of materials needed to get the job done.

Streamline Approval 

3D renderings are more than pretty pictures. They’re an asset that can help you get approval from city planners by removing ambiguity and showing how a project fits into its surroundings. 

With iterations available even under tight deadlines, creatives can easily maintain compliance by modifying problem areas to meet the city’s goals and regulations.

Add Miami To Your Portfolio With Plus Render

Average homes in Miami sell for $581,538, making real estate a huge investment. Save yourself from trial and error by seeing how your favorite Miami design styles will look once built with Plus Render. 

Contact us today for accurate and attractive visualization solutions.