South Beach Condos

Whether you are looking for a holiday retreat, a retirement home or an investment vehicle, South Beach condos are some of the most attractive properties available. They combine elements of world recognized architectural design with a location that offers the best of the Florida coastline. Sophisticated, up market travelers and investors will likely find everything they require if they visit or buy a South Beach condo.

With more than sixty miles of white sand beaches and an average temperature of 75 degrees, Miami's South Beach is one of the most popular tourist destinations on the entire Atlantic coast. During the 1990s the area gained a worldwide reputation for its hip nightlife. In the last few years, however, Miami and the surrounding area have seen a tremendous surge in daytime recreational activities. Easy access to South Beach via the Miami International Airport makes it not only a hot holiday destination but a busy convention site as well. Tourist and convention business saw an impressive ten percent growth rate in early 2006. This double dip of visitors provides both holiday makers and investors with a strong incentive to visit South Beach. The tourist will find many South Beach condos available for rental and the investor will find a steady stream of profit potential.

A new and exciting development on the Miami real estate scene is the South Beach condo hotel. These new style South Beach condos have opened up a whole new avenue for both vacationers and real estate buyers. In the nineteen eighties and nineties timeshare condominiums were a popular commodity. The timeshare concept began to fall out of favor though primarily due to two reasons: One, timeshare owners disliked being locked into visiting the same place at the same time every year; two, the units were sometimes difficult to resell. In many places the condo hotel has supplanted the timeshare condominium as a place to stay and as an investment vehicle.

The South Beach condo hotel market continues to surge as more and more people discover the flexibility and profit possibilities that spring from the idea. The model is simple. A person purchases a unit in a South Beach condo hotel. The person may then choose to rent out the unit. If the condo owner elects to rent his/her unit, it is placed into a computer system. The computer randomly selects the units to rent out depending upon the needs of those wishing to stay in a South Beach condo. The room rental is split amongst the hotel management, the owner of the condominium and the hotel itself. Management generally receives ten percent while the unit's owner and the hotel owner will split the remaining proceeds on a fifty/fifty basis. Current hotel occupancy rates in the Miami South Beach area have increased fifteen percent over the last five years and continue to rise.

What are the advantages of owning a unit in a South Beach condo hotel? Flexibility is one of the key benefits of buying a condo hotel home. Unlike a person who buys a timeshare apartment, the individual who purchases a South Beach condo hotel unit is not locked into a specific time to visit. When struck by the urge to fly into Miami the owner simply books the unit as would any other holiday maker. The traveler lucky enough to own a South Beach condo hotel unit will then be able to enjoy both a luxurious vacation accommodation in addition to having all the comforts of home. -more-

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